Every year, Temasek Holdings organises an annual review, taking stock of its recent performance and sharing its investment outlook. The briefing is usually presented by a panel comprising the state investment firm’s senior management executives. In the last two years, it has been led by Dilhan Pillay, CEO of Temasek International, along with several of his colleagues. But not this year.

Pillay’s presence — or absence in this case — is of particular interest given that he will succeed Ho Ching, the wife of Prime Minister Lee Hsien Loong, as Temasek’s CEO and executive director come Oct 1. This will be in addition to his current role as CEO of Temasek International, in which he will remain. His thoughts and views may indicate how Temasek will navigate an increasingly challenging environment amid secular trends.

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