SGH Alumni Newsletter ISSUE 21| APRIL — JUNE 2018
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Our Journey Has Just Begun
Temasek Review 2014 Review Temasek Our journey has just begun Temasek Review 2014 Our journey has just begun Cover: Sherlyn Lim on an outing with her sons, Amos and Dean, on Sentosa Island, Singapore. Our journey has just begun The world is fast changing around us. Populations urbanise, and life expectancies continue to rise. We are entering a new digital age – machines are increasingly smarter, and people ever more connected. Change brings unprecedented challenges – competing demands for finite resources, safe food and clean water; health care for an ageing population. Challenges spawn novel solutions – personalised medicine, digital currencies, and more. As investor, institution and steward, Temasek is ready to embrace the future with all that it brings. With each step, we forge a new path. At 40, our journey has just begun. TR2014_version_28 12.00pm 26 June 2014 Contents The Temasek Charter 4 Ten-year Performance Overview 6 Portfolio Highlights 8 From Our Chairman 10 Investor 16 Value since Inception 18 Total Shareholder Return 19 Investment Philosophy 20 Year in Review 24 Looking Ahead 26 Managing Risk 28 Institution 34 Our MERITT Values 36 Public Markers 37 Our Temasek Heartbeat 38 Financing Framework 42 Wealth Added 44 Remuneration Philosophy 45 Seeding Future Enterprises 48 Board of Directors 50 Senior Management 57 2 Temasek Review 2014 Contents Steward 60 Trusted Steward 62 Fostering Stewardship and Governance 67 Social Endowments & Community Engagement 68 Touching Lives 72 From Ideas to Solutions 74 Engaging Friends 75 Temasek International Panel 76 Temasek Advisory Panel 77 Group Financial Summary 78 Statement by Auditors 80 Statement by Directors 81 Group Financial Highlights 82 Group Income Statements 84 Group Balance Sheets 85 Group Cash Flow Statements 86 Group Statements of Changes in Equity 87 Major Investments 88 Contact Information 98 Temasek Portfolio at Inception 100 Explore Temasek Review 2014 at www.temasekreview.com.sg or scan the QR code 3 TR2014_version_28 12.00pm 26 June 2014 A journey of a thousand miles begins with a single step. -
Major Vote Swing
BT INFOGRAPHICS GE2015 Major vote swing Bukit Batok Sengkang West SMC SMC Sembawang Punggol East GRC SMC Hougang SMC Marsiling- Nee Soon Yew Tee GRC GRC Chua Chu Kang Ang Mo Kio Holland- GRC GRC Pasir Ris- Bukit Punggol GRC Hong Kah Timah North SMC GRC Aljunied Tampines Bishan- GRC GRC Toa Payoh East Coast GRC GRC West Coast Marine GRC Parade Tanjong Pagar GRC GRC Fengshan SMC MacPherson SMC Mountbatten SMC FOUR-MEMBER GRC Jurong GRC Potong Pasir SMC Chua Chu Kang Registered voters: 119,931; Pioneer Yuhua Bukit Panjang Radin Mas Jalan Besar total votes cast: 110,191; rejected votes: 2,949 SMC SMC SMC SMC SMC 76.89% 23.11% (84,731 votes) (25,460 votes) PEOPLE’S ACTION PARTY (83 SEATS) WORKERS’ PARTY (6 SEATS) PEOPLE’S PEOPLE’S ACTION PARTY POWER PARTY Gan Kim Yong Goh Meng Seng Low Yen Ling Lee Tze Shih SIX-MEMBER GRC Yee Chia Hsing Low Wai Choo Zaqy Mohamad Syafarin Sarif Ang Mo Kio Pasir Ris-Punggol 2011 winner: People’s Action Party (61.20%) Registered voters: 187,771; Registered voters: 187,396; total votes cast: 171,826; rejected votes: 4,887 total votes cast: 171,529; rejected votes: 5,310 East Coast Registered voters: 99,118; 78.63% 21.37% 72.89% 27.11% total votes cast: 90,528; rejected votes: 1,008 (135,115 votes) (36,711 votes) (125,021 votes) (46,508 votes) 60.73% 39.27% (54,981 votes) (35,547 votes) PEOPLE’S THE REFORM PEOPLE’S SINGAPORE ACTION PARTY PARTY ACTION PARTY DEMOCRATIC ALLIANCE Ang Hin Kee Gilbert Goh J Puthucheary Abu Mohamed PEOPLE’S WORKERS’ Darryl David Jesse Loo Ng Chee Meng Arthero Lim ACTION PARTY PARTY Gan -
Choosing Lanes Lim Swee Say Decided to Serve the Unions
5 JANUARY 2007 40 cents http://www.ntuc.org.sg MICA (P) 129/12/2006 Choosing Lanes Lim Swee Say Decided To Serve The Unions BETWEEN the prospect of being fast tracked to become Minister of State and The starting point must be remaining in the National Trades Union concern for the welfare of the Congress to improve workers’ lives, Mr Lim Swee Say chose the latter. workers. The starting point can’t be “Swee Say came to NTUC when he the welfare of the company or the had to leave the Economic Development economy. If at the end of the day, Board to stand for elections,” said Mr Lim Boon Heng, Minister in the Prime you can’t serve the long-term interest Minister’s Offi ce, to NTUC This Week of the workforce, what’s the point at end-December 2006. of having economic development? “After a reasonable testing period in politics, Prime Minister Goh Chok Tong Economic development is always the wanted to appoint Swee Say as MOS, and means to an end – the end being the stay with NTUC for some more time.” welfare of the worker. During that 1999 promotion exercise, Mr David Lim accepted his appointment Lim Swee Say as MOS for Defence, and Information & the Arts. “Swee Say said if he was appointed, for Trade and Industry on 3 June 1999. he could not speak up for workers in Ten years has passed since Mr Lim Parliament in the same way. So, he asked Swee Say joined politics; he was elected to stay longer in NTUC. -
The Candidates
BT INFOGRAPHICS GE2015 The candidates Bukit Batok Sengkang West SMC SMC Sembawang Punggol East GRC SMC Hougang Marsiling- SMC Yew Tee GRC Nee Soon GRC Chua Chu Kang AngAng Mo MoKio Kio Holland- Pasir Ris- GRC GRCGRC Bukit Punggol GRC Timah Hong Kah GRC North SMC Tampines Bishan- Aljunied GRC Toa Payoh GRC East Coast GRC Jurong GRC GRC West Coast GRC Marine Parade Tanjong Pagar GRC GRC Fengshan SMC FOUR-MEMBER GRC Jalan Besar Chua Chu Kang MacPherson SMC GRC (Estimated no. of electors: 119,848) Mountbatten SMC PEOPLE’S PEOPLE’S ACTION PARTY POWER PARTY Gan Kim Yong Goh Meng Seng Low Yen Ling Lee Tze Shih Pioneer Yuhua Bukit Panjang Radin Mas Potong Yee Chia Hsing Low Wai Choo SMC SMC SMC SMC Pasir SMC Zaqy Mohamad Syafarin Sarif East Coast SIX-MEMBER GRC FIVE-MEMBER GRC FOUR-MEMBER GRC SINGLE-MEMBER CONSTITUENCY (SMC) (Estimated no. electors: 99,015) PEOPLE’S WORKERS’ SIX-MEMBER GRC FIVE-MEMBER GRC ACTION PARTY PARTY Jessica Tan Daniel Goh Ang Mo Kio Aljunied Nee Soon Lee Yi Shyan Gerald Giam (Estimated no. of electors: 187,652) (Estimated no. of electors: 148,024) (Estimated no. of electors: 132,200) Lim Swee Say Leon Perera Maliki Bin Osman Fairoz Shariff PEOPLE’S THE REFORM WORKERS’ PEOPLE’S PEOPLE’S WORKERS’ Holland-Bukit Timah ACTION PARTY PARTY PARTY ACTION PARTY ACTION PARTY PARTY (Estimated no. of electors: 104,397) Ang Hin Kee Gilbert Goh Chen Show Mao Chua Eng Leong Henry Kwek Cheryl Denise Loh Darryl David Jesse Loo Low Thia Kiang K Muralidharan Pillai K Shanmugam Gurmit Singh Gan Thiam Poh M Ravi Faisal Abdul Manap Shamsul Kamar Lee Bee Wah Kenneth Foo Intan Azura Mokhtar Osman Sulaiman Pritam Singh Victor Lye Louis Ng Luke Koh PEOPLE’S SINGAPORE ACTION PARTY DEMOCRATIC PARTY Koh Poh Koon Roy Ngerng Sylvia Lim Yeo Guat Kwang Faishal Ibrahim Ron Tan Christopher De Souza Chee Soon Juan Lee Hsien Loong Siva Chandran Liang Eng Hwa Chong Wai Fung Bishan-Toa Payoh Sembawang Sim Ann Paul Ananth Tambyah Pasir Ris-Punggol (Estimated no. -
20Th TERM of PEOPLE's ASSOCIATION BOARD of MANAGEMENT (1 JANUARY 2019 to 31 DECEMBER 2021)
20th TERM OF PEOPLE'S ASSOCIATION BOARD OF MANAGEMENT (1 JANUARY 2019 TO 31 DECEMBER 2021) Chairman Mr Lee Hsien Loong Prime Minister Prime Minister’s Office Istana Singapore 238823 Deputy Mr Edwin Tong Chairman Minister for Minister for Culture, Community and Youth Second Minister for Law c/o People’s Association 9 King George’s Avenue Singapore 208581 Member Ms Grace Fu Hai Yien Minister for Sustainability and the Environment 40 Scotts Road, #24-00 Environment Building Singapore 228231 Member Mr Masagos Zulkifli Minister for Social and Family Development Second Minister for Health 512 Thomson Road MSF Building Singapore 298136 Member Dr Janil Puthucheary Senior Minister of State, Ministry of Communications and Information & Ministry of Health 140 Hill Street 4th, 5th & 6th Storey Old Hill Street Police Station Singapore 179369 Member Ms Low Yen Ling Minister of State, Ministry of Culture, Community and Youth & Ministry of Trade and Industry Mayor of South West District 100 High Street #09-01 The Treasury Singapore 179434 Member Victor Lye Thiam Fatt, BBM Adviser Aljunied GRC Grassroots Organisations Punggol Community Club 3 Hougang Avenue 6 Singapore 538808 Member Ms K. Thanaletchimi, PBM President Healthcare Services Employees’ Union No. 3 Bukit Pasoh Road, #02-00 Singapore 089817 Secretary- Mr Lim Hock Yu Treasurer Chief Executive Director People’s Association 9 King George’s Avenue Singapore 208581 Member *Mr Jeyaraj Benjamin William Secretary General Singapore Red Cross Society 15 Penang Lane Red Cross House Singapore 23886 Member * Benett Maximillian THESEIRA, JP, PBM Trustee The Eurasian Association, Singapore 139 Ceylon Road Singapore 429744 Member * Rahayu MOHAMAD President Persatuan Pemudi Islam Singapura Blk 1 Eunos Crescent #01-2509 Singapore 40001 Member * Poh Leong Berg Brigade President The Boys’ Brigade in Singapore 105 Ganges Avenue Singapore 169695 * PA Corporate Members were elected on 15 July 2020 for a three-year term. -
Brother Lim Boon Heng
samuFeb + Mar 2007 dra o-operative Limited C Bi–Monthly Publication of the Singapore Organisation of Seamen and Seacare A Go On Glowing! (P) No. 285/03/2007 Keep On Growing! MICA samufeb + mar 2007 dra 52 Chin Swee Road #09-00 ■ www.sosea.org.sg ■ www.seacare.com.sg Seacare Building Singapore 169875 Tel: 6379 5666 Fax: 6734 5525 Email: [email protected] contents Membership 6 Long Membership Award 10 SPF Hits $10 Million Mark 14 Workfare Income Supplement Scheme 16 GST Offset Package for All Features Training 3 Brother Lim Boon Heng Receives 12 Member Trains Up with Building Distinguished Comrade of Labour Award Construction Safety Supervisor 4 CNY Hongbaos for Retired Seamen and Course Welfare Homes’ Residents Welfare and Social Activities Seacare Focus 20 Seacare Shares New Year Goodies 22 SMMC Enhances International Visibility at Sea Asia 24 Seacare Manpower Armed Industrial Relations With Advantage 8 New Ship Welfare Visitors of SOS 26 Unveiling New JV – Vanda 9 Stranded Seafarers Received Unpaid 7 GS Engages Members in Dialogue Education Wages 18 Members’ Nite; Members’ Corner 28 Seacare Landscape Blossoms 30 New Seacare Environmental GM Mr Alan Toh 2 samudra febplusmar2007 CongratulationsCongratulations Brother Lim Boon Heng Minister, Prime Minister’s Office and Immediate Past NTUC Secretary-General on receiving The Distinguished Comrade of Labour Award Brother Lim Boon Heng has been a good staunch friend of SOS, as well as having been its Adviser. Despite his heavy commitment in the NTUC, he thought deeply about the perennial problem of jobless seamen who are SOS members, whose plight he greatly sympathised. -
Lim Boon Heng Says Bye to Political Stage
60 cents | MICA (P) 142/09/2010 25 15February aPrIL 2011 2011 UBudget Care Fund Lim Boon Heng Says IsGoogies Halfway There p5 Bye To Political Stage But NTUC Links Will Remain We respect Boon Heng a lot because he is not only an outstanding leader, but also a “selfless leader. He always gives his best in serving the workers and people. At the same time, he also does his best to nurture his successors and next generation of leaders. In the Labour Movement, he guided me and made me his successor as Secretary-General of NTUC when he was only 58-years- old. And now, as the Chairman of PAP, he is retiring early to make way for younger leaders to step forward. It shows how much he cares for the success and progress of Singapore, not just the present, but also the future.” NTUC Secretary-General Lim Swee Say Minister Lim Boon Heng (left), Finance Minister Tharman Shanmugaratnam (centre) and NTUC Deputy Secretary-General Halimah Yacob (right) after winning Jurong GRC in 2006. By Marcus Lin urious political pundits finally got the answer.a fter more than 30 stand for the presidential election due later this year, Minister Lim said years of public service, Minister in the Prime Minister's Office and categorically “I do not wish to be President” and that his future plans anchor Minister for Jurong GrC Lim boon Heng, 63, will call it are more modest. a day at the end of this electoral term. He broke the news at the Importantly, he said the PaP has found a slate of very good launch of the Jurong Town Council's five-year concept master candidates who meet the standards, thus allowing him to “retire, plan on 10 april 2011. -
ANNEX a CABINET and OTHER OFFICE HOLDERS (Wef 1 Nov 2010)
ANNEX A CABINET AND OTHER OFFICE HOLDERS (wef 1 Nov 2010) MINISTRY MINISTER MINISTER OF STATE PARLIAMENTARY SECRETARIES PMO Prime Minister's Office Mr Lee Hsien Loong Mr Heng Chee How (Prime Minister) (Minister of State) Mr Goh Chok Tong@ (Senior Minister) Mr Lee Kuan Yew (Minister Mentor) Prof S Jayakumar #@ (Senior Minister) Mr Wong Kan Seng #@ (Deputy Prime Minister & Coordinating Minister for National Security) Mr Teo Chee Hean *@ (Deputy Prime Minister & Minister for Defence) Mr Lim Boon Heng@ Mr Lim Swee Say Mrs Lim Hwee Hua * (Second Minister for Finance and Second Minister for Transport) FOREIGN AFFAIRS, SECURITY AND DEFENCE Defence Mr Teo Chee Hean * A/P Koo Tsai Kee (Deputy Prime Minister) (Minister of State) Dr Ng Eng Hen * (Second Minister) Foreign Affairs Mr George Yong-Boon Yeo Mr Zainul Abidin Rasheed (Senior Minister of State) Mr Raymond Lim Siang Keat * (Second Minister) Home Affairs Mr K Shanmugam * # A/P Ho Peng Kee * (Senior Minister of State) Mr Masagos Zulkifli *+ (Minister of State) Law Mr K Shanmugam * A/P Ho Peng Kee* (Senior Minister of State) 2 ECONOMICS Trade and Industry Mr Lim Hng Kiang Mr S Iswaran * Mr Sam Tan *+ (Senior Minister of State) (Senior Parliamentary Secretary) Mr Lee Yi Shyan * (Minister of State) Finance Mr Tharman Shanmugaratnam Mrs Lim Hwee Hua * (Second Minister) Transport Mr Raymond Lim Siang Keat* Mr Teo Ser Luck * (Senior Parliamentary Secretary) Mrs Lim Hwee Hua * (Second Minister) Manpower Mr Gan Kim Yong Mr Lee Yi Shyan * Mr Hawazi Daipi * (Minister of State) (Senior Parliamentary -
Parliamentary Elections Act (Chapter 218)
FRIDAY, JUNE 2, 2006 1 First published in the Government Gazette, Electronic Edition, on 29th May 2006 at 5.00 pm. No. 1317 — PARLIAMENTARY ELECTIONS ACT (CHAPTER 218) NOTICE UNDER SECTION 75 Notice is hereby given, pursuant to section 75 of the Parliamentary Elections Act, that the returns respecting the election expenses and their accompanying statements in connection with the uncontested parliamentary elections held on 27th April 2006 were received from the election agents of the candidates whose names are set out in the first column of the Schedule on the dates set out in the second column thereof. The returns and statements may be inspected at the office of the Returning Officer, 11 Prinsep Link, Singapore 187949, during office hours on any working day during the period of 6 months from the date of the publication of this Notice. THE SCHEDULE First column Second column 1. Amy Khor Lean Suan 23rd May 2006 2. Ang Mong Seng 23rd May 2006 3. Baey Yam Keng 23rd May 2006 4. Christopher De Souza 23rd May 2006 5. Fatimah Binte Abdul Lateef 23rd May 2006 6. Fong Jen Arthur 23rd May 2006 7. Foo Chee Keng Cedric 23rd May 2006 8. Foo Yee Shoon 23rd May 2006 9. Goh Chok Tong 23rd May 2006 10. Grace Fu Hai Yien 23rd May 2006 11. Halimah Binte Yacob 23rd May 2006 12. Ho Geok Choo Madeleine 23rd May 2006 13. Hri Kumar Sangaran 23rd May 2006 14. Indranee Thurai Rajah 23rd May 2006 15. Iswaran S 23rd May 2006 16. Josephine Teo 23rd May 2006 17. -
NTUC Enterprise Co-Operative Limited
134 SOCIAL ENTERPRISES 1 Marina Boulevard #15-09 One Marina Boulevard Singapore 018989 Tel: 6213 8800 NTUC Enterprise Fax: 6213 8801 Co-operative Limited Board of Directors Chairman Deputy Chairman Lim Boon Heng Bobby Chin Yoke Choong Director Director Director Diana Chia Heng Chee How Stephen Lee Siew Fui Ching Yen Director Director Director Kee Teck Koon Lim Kuang Beng May Ng Bee Bee Group CEO Tan Suee Chieh We do not accept responsibility for any 1st 5th Upon approval error,defect or inaccuracy which is not Job No: N/A Operator: Ryan TEL: 63112898 nd th LM Directory 2016 (SE & NTUC-Related Org)_P134-152.inddPlease sign: 134 noted on the proof. Therefore customers 2 6 18/4/16 8:09 PM are advised to thoroughly check and rd th examine the proof prior to authorising the 3 7 Name & Date: Titles: LM Directory 2016 Location: MJM server FAX: 63112851 digital fi les for printing. 4th 8th 1 Marina Boulevard #15-04 One Marina Boulevard Singapore 018989 Tel: 6213 8822 NTUC Choice Homes Website: www.ntuc-choicehomes.com Co-operative Limited Board of Directors Chairman Lim Kuang Beng Director Director Director Director Director Tan Kian Huay Chia Chey Hui Lim Kok Guan David Poh Mark Wang (Executive Tze Keong Director) Chief Executive Offi cer Adeline Sum SOCIAL ENTERPRISES We do not accept responsibility for any 1st 5th Upon approval error,defect or inaccuracy which is not Job No: N/A Operator: Ryan TEL: 63112898 nd th LM Directory 2016 (SE & NTUC-Related Org)_P134-152.inddPlease sign: 135 noted on the proof. -
May Day Hurray Contents
June 2011 – July 2011 seaMICA (P) 165/11/2010 Bi-Monthly Publicationvoices of the Singapore Maritime Officers’ Union and Wavelink Co-operative MAY DAY HURRAY CONTENTS makewaves membuzz 3 Singapore – The First Asian Country 22 Celebrating SMOU’s 60th Anniversary To Ratify MLC 2006 24 Our Members, Our Future 4 Labour MPs Put Up A Good Fight 26 Coming Soon! 6 May Day Hurray 8 A Remarkable 50 years 10 Forging Networks; Broadening Horizons 12 A Hit with the Masses theIRfile WMI 13 Enhancing Training Through Bipartism 27 Training Calendar 14 CadetsPlus Addresses Rising Demands 29 CadetsPlus 2011 Adds Piracy to Its Training 16 Higher Wages Across the Board Programme 18 SMOU - Thome Seal CA 30 Wine while You Dine 19 SMOU Plays Host for Study Trip 19 Union Counterparts Unite 20 IR CURE in Action 22 Wavelink Building 75 Jellicoe Road #02-01 Singapore 208738 Tel : [65] 6396 0123 Fax : [65] 6339 5436 Website : www.smou.org.sg Working hours: 4 Mon to Fri : 9am to 6pm Sat : 9am to 1pm 24 Lighthouse operating hours: Mon to Thur : 11am to 9pm Fri to Sat : 11am to 10pm For enquiries on advertising in the SeaVoices, please call us. Tel : [65] 6390 1640 29 makewaves Singapore – The First Asian Country To Ratify MLC 2006 It’s official. Singapore has ratified the “This is something that we have been working hard towards. The first requirement of covering 33 per International Labour Organisation's (ILO) cent of the world gross tonnage has already been Maritime Labour Convention, making it achieved. So Singapore’s ratification is definitely th a major boost and a step closer to realising the the 13 ILO member state and first Asian second requirement of reaching 30 ratifications. -
NTUC Foodfare and TALENT DEVELOPMENT from Five Years Ago
ENRICHING LIVES NTUC ENTERPRISE ANNUAL REPORT PERIOD ENDED 31 MARCH 2013 TABLE OF CONTENT P03. WHO WE ARE P06. MESSAGE FROM THE CHAIRMAN P10. BOARD OF DIRECTORS P12. GROUP MANAGEMENT COMMITTEE P14. WHY CO-OPERATIVES? P18. FAMILY OF NTUC SOCIAL ENTERPRISES P21. MAKING A DIFFERENCE P25. CARING FOR LIFE’S BASIC ESSENTIALS P35. OFFERING PEACE OF MIND P41. PROVIDING HOPE FOR THE FUTURE ENRICHING LIVES. P49. ENABLING FULFILLING LIVES P55. NTUC Enterprise was set up to sharpen the Do Good efforts of the Social THE NTUC SE DIFFERENCE Enterprises – to meet core and enduring needs of working families. Needs that are basic and fundamental, just like water is to the earth; enriching lives and P61. charting new paths of growth. SHAREHOLDERS’ LISTING WHO WE ARE NTUC Enterprise is the holding entity of the labour movement Social Enterprises (SEs). Collectively owned by the NTUC, SLF and their affiliated Unions, NTUC Enterprise guides the development of the SEs to meet the evolving needs and aspirations of working families in Singapore. NTUC ENTERPRISE ANNUAL REPORT WHO WE ARE 4 5 WHO WE ARE NTUC Enterprise was set up by the Labour Movement in July 2012 as the holding entity of the family of NTUC Social Enterprises (SEs). SLF NTUC Unions NTUC Enterprise was formed to sharpen the Do Good of the SEs and to support them to scale up sustainably. NTUC ENTERPRISE Collectively owned by the Holding entity and single Singapore Labour Foundation largest shareholder of the Set up on 13 July 2012. (SLF), NTUC and affiliated NTUC Enterprise was formed by a transfer of NTUC Social Enterprises unions representing over shares from NTUC, SLF and their affiliated (SEs).