Daily briefing: SG-AUS bubble possible by end-2021; Temasek assets jump 20%

And the Ministry of Sustainability and the Environment sets out public sector targets for sustainability.

1

The Singapore-Australia travel bubble will likely happen by the end of the year, according to Australian Minister for Trade and Investment Dan Tehan.

The travel bubble has been put on hold due to a third wave of COVID-19 in Australia.

Tehan is on an official visit to Singapore as a part of a tour of various countries to strengthen Australia’s trade relationships.

2

Temasek Holdings’ portfolio value likely hit a record 20% increase in the financial year ending in March, pushing the portfolio value to roughly $375b.

The state investor has bulked up funding to Singapore Airlines and offshore marine services firm Sembcorp Marine, amongst others, as a part of its support to pandemic-hit businesses.

Temasek is set to give details of its annual performance this week.

3

More than 1,600 buildings in Singapore will be subject to the sustainability targets laid out by the Ministry of Sustainability and Environment as part of the Green Plan 2030.

In a speech, Monday, Minister for Sustainability and the Environment Grace Fu laid out how the public sector will take the lead in these goals.