Temasek Holdings

Singapore, Singapore

Temasek Holdings is an investment company owned by the Government of Singapore. It manages a diversified global portfolio with a focus on sustainable value creation across multiple sectors and geographies.

CCI Score

-20.14

0.02% April 18

Latest Event

Temasek Commits $1B Annually for Deep-Tech Innovation

At the RIE Industry Day event held at Marina Bay Sands on October 15, Deputy Prime Minister Heng Swee Keat announced that Temasek Holdings will invest $1 billion a year in deep-tech research and innovation across advanced manufacturing, life sciences, and food technology, supporting Singapore's broader Research, Innovation and Enterprise 2025 plan.

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ACCOMPLICE

Temasek Holdings is currently rated as an Accomplice.

-20 to -29 CCI Score

These companies profit from authoritarian practices through their business dealings. Although they may not be directly enforcing oppressive policies, their actions contribute to the economic and operational sustenance of authoritarian regimes.

Latest Events

OCT

15

2024

Temasek Commits $1B Annually for Deep-Tech Innovation
65.67

At the RIE Industry Day event held at Marina Bay Sands on October 15, Deputy Prime Minister Heng Swee Keat announced that Temasek Holdings will invest $1 billion a year in deep-tech research and innovation across advanced manufacturing, life sciences, and food technology, supporting Singapore's broader Research, Innovation and Enterprise 2025 plan.
+60

Public and Political Behavior

March 28

The public announcement at a major industry event by a high-ranking government official demonstrates a clear commitment to public and political outreach. This initiative aligns with progressive state-supported innovation strategies that seek to empower society and challenge centralized authoritarian economic control.

Temasek to invest $1b a year to fund deep-tech research and innovation | Singapore EDB
+80

Technology and Services Impact

March 28

Temasek's pledge to invest significantly in deep-tech sectors such as advanced manufacturing, life sciences, and innovative food technology signals a strong commitment to building a robust and inclusive technological ecosystem. This not only bolsters economic growth but also encourages a diversified tech landscape that upholds inclusive, progressive values against centralizing forces.

Temasek to invest $1b a year to fund deep-tech research and innovation | Singapore EDB
DEC

31

2023

Temasek Spent $120K on Lobbying in 2023
-17.56

OpenSecrets data indicates that Temasek Holdings spent $120,000 on lobbying activities during the 2023 cycle, reflecting its political influence through targeted lobbying efforts.
-20

Political Contributions and Lobbying Efforts

March 28

Temasek's expenditure of $120,000 on lobbying activities demonstrates a form of political influence that can be used to shape policies in ways that may favor corporate interests over broader democratic accountability. From an anti-fascist perspective, such actions contribute to undermining the checks and balances necessary to prevent corporate overreach in political affairs.

Temasek Issues Lobbied • OpenSecrets
DEC

31

2023

Temasek Lobbying Expenditure in 2023
-35.12

Temasek Holdings spent $120,000 on lobbying activities in the United States in 2023, as detailed in an OpenSecrets profile. This expenditure highlights the firm’s engagement in influencing political processes.
-40

Political Contributions and Lobbying Efforts

March 28

The reported $120,000 spent on lobbying in 2023 illustrates Temasek Holdings' effort to influence US political decision‐making. From an anti‐fascist viewpoint, such corporate political activity is concerning because it can undermine democratic accountability and transparency, practices often associated with the promotion of authoritarian policies.

Temasek Lobbying Profile • OpenSecrets
MAR

09

2023

Temasek Holdings Linked to Illegal Political Donations via Optus
-64.76

An investigative report revealed that Optus, a telco fully owned by Singtel, allegedly made almost AUD 70,000 in illegal political donations to Australian political parties. Since Singtel is 52% owned by Temasek Holdings, the controversy indirectly implicates Temasek in oversight failures regarding politically influential activities that breach local laws.
-80

Political Contributions and Lobbying Efforts

March 28

The illegal political donations made by Optus—owned by Singtel, which in turn is largely owned by Temasek Holdings—highlight potential deficiencies in oversight and ethical engagement with political contributions. Such activities can facilitate authoritarian influence and undermine democratic processes, thereby warranting a strongly negative score under Political Contributions and Lobbying Efforts.

Singapore Govt-owned telco giant Optus accused of making illegal donations to Australian political parties - The Online Citizen
JAN

01

2023

Temasek Holdings' Role in Sustaining Singapore's Market Autocracy
-36.56

The article examines how Temasek Holdings, one of Singapore’s sovereign wealth funds, operates within a framework that reinforces the ruling elite’s centralized control. While the fund’s design promotes competitive markets by compelling elites to have diversified interests, it simultaneously entrenches an autocratic structure that restricts democratic accountability.
-50

Public and Political Behavior

March 28

Temasek Holdings, as a government-linked investment arm, is instrumental in bolstering the autocratic political framework. Its role in channeling state capital reinforces centralized decision-making and limits democratic inputs, thus contributing to authoritarian public and political behavior.

How Singapore Sustains Its Market Autocracy - Association for Asian Studies
-40

Economic and Structural Influence

March 28

Temasek’s operational model ties state revenue and elite interests to the overall health of market institutions. This linkage, while fostering competitive markets, also structurally reinforces the autocratic system by aligning the elites' financial interests with maintaining the status quo.

How Singapore Sustains Its Market Autocracy - Association for Asian Studies
JAN

01

2021

Temasek’s Ownership of Mediacorp Raises Media Influence Concerns
-32.53

An excerpt from a US Department of State report on human rights practices in Singapore highlighted that Temasek Holdings, the government investment company, wholly owns Mediacorp, the country’s major newspaper owner. This concentration of media ownership is viewed as a risk factor for enabling state influence over public discourse.
-50

Media Influence and Propaganda

March 28

Temasek Holdings' complete ownership of Mediacorp centralizes media power in the hands of a government-linked entity. This consolidation can be used to shape public narrative and suppress dissent, raising concerns from an anti-authoritarian perspective.

Singapore - United States Department of State