Home News Sustainability

How Temasek is helping make tiny Singapore an agricultural powerhouse

Bloomberg
Bloomberg7/26/2022 09:23 AM GMT+08  • 9 min read
How Temasek is helping make tiny Singapore an agricultural powerhouse
Harvesting barramundi at the Kuhlbarra fish farm in Singapore. Photo: Lauryn Ishak/Bloomberg
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Temasek Holdings Chief Executive Officer Dilhan Pillay runs a US$290 billion ($402.07 billion) state-owned investment empire. But every quarter he spends up to two hours chatting to a man in Indonesia about fish.

Those lengthy calls with Bandung-based eFishery, a startup so small it only accounts for 0.01% of Temasek’s portfolio, are emblematic of its quiet zeal for the business of food. The precarious state of the world’s food supply, highlighted by sizzling heatwaves that are wilting crops in Europe, China and the US, has found an unlikely crusader in Singapore, a small island with hardly any agriculture at all.

Under its relatively new CEO Pillay and head of agri-food Anuj Maheshwari, Temasek has doubled down on an agriculture strategy involving ambitious investments — including efforts that take control of some businesses — to try and reap profits from solving some of the biggest problems in food production. Since 2015 it’s quietly grown its life science and agriculture holdings from about US$5.7 billion to US$26.7 billion as of March this year, spanning everything from plant-based meat maker Impossible Foods Inc. and Bayer AG to Israeli irrigation firms.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.