Reviewing Temasek's Risk-return Framework to Value Strategic Ecosystem Building alongside Commercial Returns

Mr Kenneth Tiong Boon Kiat asked the Prime Minister and Minister for Finance (a) whether the Government will review Temasek's risk-return framework to explicitly value strategic ecosystem building alongside commercial returns; (b) whether the Government has assessed the impact of Temasek's recent deprioritisation of direct early-stage local investments on Singapore's ability to nurture nascent high-potential industries; and (c) if so, whether alternative capital support mechanisms will be introduced to fill this gap.

This question has been addressed in the reply to Parliamentary Question Nos 12 to 14 on the Order Paper for 12 January 2026. [Please refer to ​"Temasek Holdings' Planned Restructuring and Potential Impact on Investment Performance and Returns", Official Report, 12 January 2026, Vol 96, Issue 12, Oral Answers to Questions section.]