Temasek Holdings Reports Record Value and New Strategic Plans for 2026

淡馬錫控股報告創紀錄價值及2026年新戰略計劃

Jul 8, 2026, 07:00

Introduction

Temasek Holdings has announced a record net portfolio value of S$518 billion for the fiscal year ending March 31. At the same time, the company is shifting its focus toward artificial intelligence and updating its goals for reducing carbon emissions.

淡馬錫控股宣布截至3月31日財政年度的淨組合價值達到創紀錄的5,180億新加坡元。同時，公司正將重心轉向人工智慧，並更新減少碳排放的目標。

Main Body

The company's financial performance showed a 10.5% total return for shareholders, which was mainly caused by the rising value of Singaporean stocks and the sale of assets worth S$31 billion. However, this growth was slightly lowered by changes in currency values and global political instability, such as the conflict in Iran, which reduced the portfolio value by about 2%.

公司的財務表現顯示股東總回報率為10.5%，主要由於新加坡股票價值上升以及出售價值310億新加坡元的資產。然而，由於貨幣價值變動和全球政治不穩定（例如伊朗衝突），導致組合價值下降約2%，稍微抵銷了此增長。

Regarding the environment, Temasek admitted that it is unlikely to meet its 2030 goal of halving emissions. This is because it is very difficult to reduce pollution in the aviation and power sectors. Consequently, the firm has changed its risk assessment to a more cautious 2.4°C scenario, reflecting a lack of global cooperation. Despite these challenges, Temasek still aims to reach net-zero emissions by 2050 by focusing on new technology rather than simply selling off assets.

關於環境方面，淡馬錫承認很可能無法達成2030年將排放量減半的目標。這是因為在航空和電力部門減少污染非常困難。因此，公司將風險評估調整為更保守的2.4°C情境，反映出全球缺乏合作。儘管面臨這些挑戰，淡馬錫仍目標在2050年達到淨零排放，重點將放在新技術而非單純出售資產。

Furthermore, Temasek is moving more money into high-growth technology. The firm plans to increase its investment in AI from 6% to 15% by 2031, covering everything from computer chips to AI models. Similarly, it aims to increase its investments in private credit and infrastructure to 5% each by the same year. In China, Temasek is shifting its strategy; while its overall percentage of investment in China has dropped, it invested an additional S$10 billion last year, moving away from real estate and toward advanced manufacturing.

此外，淡馬錫正將更多資金投入高成長技術。公司計劃在2031年之前將人工智慧的投資比例從6%提升至15%，涵蓋從電腦晶片到人工智慧模型的所有範疇。同樣地，公司目標在同年將私人信貸和基礎設施的投資各提升至5%。在中國市場，淡馬錫正調整策略；雖然在中國的整體投資比例下降，但去年額外投資了100億新加坡元，將重心從房地產轉向高端製造業。

Conclusion

Temasek ends the period with record-high asset values and a new plan that combines aggressive growth in technology with a more realistic approach to climate change.

淡馬錫在期末錄得創紀錄的資產價值，並推出一個新計劃，將技術方面的激進成長與應對氣候變遷的現實方法相結合。

Vocabulary Learning

🚀 The 'Cause and Effect' Upgrade

At the A2 level, you likely use "because" for everything. To reach B2, you need to show how one thing leads to another using more precise connectors. This article is a goldmine for this transition.

⚡️ Stop saying "Because..."

Look at how the text explains financial changes. Instead of saying "The value went down because of the conflict," it uses professional alternatives:

"...which was mainly caused by..." $\rightarrow$ Use this to pinpoint a specific reason.
"Consequently..." $\rightarrow$ Use this at the start of a sentence to show a direct result.
"...reflecting a..." $\rightarrow$ Use this when the second part of the sentence explains the reason or meaning of the first part.

🛠️ Practical Transformation

A2 style: "The company is not meeting its goal because pollution is hard to stop." B2 style: "It is difficult to reduce pollution in certain sectors; consequently, the firm has changed its risk assessment."

📈 Nuance Alert: "Rather than"

B2 students don't just say "No" or "Not." They use "rather than" to contrast a bad/old idea with a better/new one.

Example from text: "...focusing on new technology rather than simply selling off assets."

Try this logic: Instead of: "I don't want to study grammar, I want to speak." Use: "I want to focus on speaking rather than studying grammar."

🔍 Key Vocabulary for Professional Contexts

To sound more like a B2 speaker, replace simple words with these 'Power Words' found in the text:

❌ Change $\rightarrow$ ✅ Shift (e.g., "shifting its focus")
❌ Big $\rightarrow$ ✅ Record (e.g., "record net portfolio value")
❌ About/Around $\rightarrow$ ✅ Approximately (implied by the use of specific percentages like 10.5%)
❌ Hard $\rightarrow$ ✅ Challenging (e.g., "Despite these challenges")

Vocabulary Learning

portfolio (n.)

A range of investments held by a person or organization.

Example:The company diversified its portfolio by investing in both gold and technology stocks.

instability (n.)

A state of being unstable; lack of predictability or reliability.

Example:Political instability in the region led to a decrease in foreign investment.

halving (v.)

Reducing something by fifty percent.

Example:The new energy policy aims at halving carbon emissions by the end of the decade.

consequently (adv.)

As a result of something that has happened.

Example:The company failed to innovate; consequently, it lost its market share.

assessment (n.)

The act of judging or deciding the amount, value, quality, or importance of something.

Example:The environmental assessment showed that the project would have a minimal impact on the local wildlife.

infrastructure (n.)

The basic physical and organizational structures needed for the operation of a society or enterprise.

Example:The government is investing billions in infrastructure to improve the national rail network.

aggressive (adj.)

Determined to succeed or achieve a goal, often by using forceful or energetic methods.

Example:The startup adopted an aggressive marketing strategy to capture the youth market.

Practice B2 words in a crossword→