Singapore’s Temasek Hits Hard Going

The world’s markets may have been booming in unison, at least until the last week, but these are not easy times for Singapore’s giant state investor, Temasek. On August 2 it rather sheepishly announced that despite buoyant global economic conditions, profit for the year to March 2007 had fallen by 29 percent.

Chief executive Ho Ching, the wife of Prime M…