[puntfast2]

Plse don't get the points wrong because it will allow them to slip through. $300M is pocket change for Temasek. It represents 0.1% of the total assets and they can always hide and say losing money is part of investing ....case closed.

The  real issue is :
1. Why are they investing in an unregulated company?
2. What's due diligence done to check the audit on the company?
3. What is risk management process involved in the process?

I am surprised when asked abt the losses Temasek said they trusted SBF  ....on what basis when the 28yr old has no track record. Saying you trust someone is no excuse to skip a proper assessment process.

The other issue that cause big losses to Singaporeans is MAS banning Binance and causing Singaporeans to switch accounts to FTX. On what basis was that decision made?

To answer your questions,
It is not meaningful to reveal the reasons to all these queries as overall profitability & long term sustainable growth are what matter for Singapore & stackholders. And Temasek Net Portfolio Value since Inception have grow from few millions to 403 Billions. Thus, what is the point behind the question? First, have Temasek incurred net loss in overall or seeing declining growth? the answer is a resounding no. These are proofs that we are doing right for Singapore.