Under the Radar: (SPECIALS) Highlights from Temasek Review 2026 as told by CFO of Temasek International Png Chin Yee

Under the Radar: (SPECIALS) Highlights from Temasek Review 2026 as told by CFO of Temasek International Png Chin Yee

It is the time of the year where global investment firm Temasek releases its annual financial results. To this end, the company reported a Net Portfolio Value of S$518 billion on a mark-to-market basis as at 31 March 2026, representing a doubling of its portfolio over the past decade.  Long-term returns remained resilient, with the 20-year Total Shareholder Return at 6.8% and the 10-year TSR coming in at 7.1%. The five-year TSR stood at 4.6%, weighed down by headwinds in China’s capital markets from 2021 to 2024.  Meanwhile, the one-year TSR was at 10.5%, with NPV rising by S$49 billion on the year thanks to the strong showing of Singapore-based Temasek Portfolio Companies and realised gains from key divestments, though the figure was tempered by the situation in the Middle East. Beyond the present, the global investor announced a major restructuring in August 2025, where it set up three wholly owned entities called: (1) Temasek Singapore, (2) Temasek Global Investments and (3) Temasek Partnership Solutions to target three distinct portfolio segments to tackle macroeconomic changes in an increasingly uncertain world. The three entities came into effect in April 2026. But how does the structural overhaul help Temasek sharpen differentiated strategies to achieve better outcomes? Where are the opportunities for the firm looking ahead? In her fifth year covering the Temasek Review, finance presenter Chua Tian Tian headed down to Temasek’s office for this “On the Go” Special episode of Under the Radar, where she posed the questions to Png Chin Yee, Chief Financial Officer, Temasek International and President, Temasek Singapore. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Under the Radar: What will the future of work look like with AI and what does this mean for PC maker HP?

Today we’re going to take you through the ins and outs of a technology company that makes the personal computers we use at work and at home.  But here’s the twist. The company was founded all the way back in 1939 when there were no fully electronic computers, and where Palo Alto, Califonia was not a Silicon Valley hub, but an area filled with fruit orchards.  Make a guess – bingo if you’ve guessed HP! HP’s founding story takes us back to the 1930s, when American culture was dominated by sound film and radio, made possible by electronic signalling.  Inspired by the zeitgeist, two Stanford University friends, Bill Hewlett and Dave Packard decided to work part-time building devices in a Palo Alto garage. In 1938 and with only US$538 in capital, the duo invented the HP Model 200A, which was an oscillator that was used to test sound equipment.  What was worthy of note was how The Walt Disney Company actually bought 8 of the HP oscillators to get movie theatres ready to screen Fantasia in 1940.  The company was formalised as Hewlett-Packard in the 1940s, as a result of a coin toss to decide whether Bill or Dave’s name comes first, and grew in success over the years as the electronic industry expanded. But why are we speaking to HP you might ask? Well, per data by Statista, HP is a market leader in the global PC space, coming in at second place with a market share of 27.2 per cent in 2025. But what is the ongoing demand for PCs like?  Also, what will the future of work look like with AI-processes embedded in employees’ workflows, and what does this mean for HP when it comes to new product designs and launches? How will AI adoption augment the firm’s growth trajectory globally and right here in Southeast Asia? Speaking of Southeast Asia, HP chose Singapore to launch Garage 2.0, an initiative where the technology company lends its engineering expertise and business insights to accelerate the growth of AI startups. But why did it choose to launch the programme in sunny Singapore? How important is Singapore or Southeast Asia to the firm? On Under the Radar, finance presenter Chua Tian Tian posed these questions to Koh Kong Meng, Managing Director, Southeast Asia and Singapore, HP. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Under the Radar: (SPECIALS) On the Go at FIFA World Cup 2026 Match 71 in Miami, USA - What should we know about the Lenovo-powered technologies behind the matches?

48 teams, 104 matches and six billion fans eagerly watching what the best of football has to offer.  It is no surprise that the FIFA World Cup 2026 is the talk of the town right now.  After all, this year’s edition marks the largest in the tournament’s history, featuring 16 stadiums across Canada, Mexico and the United States. But have you wondered about the innovations powering a sporting event of this scale?  Think of an Intelligent Command Centre that handles everything from pre-game to post-game insights.  Or an AI stabiliser solution that offers fans an immediate on-field broadcast stream of the matches without any loss in visual quality? Well, these are just some of the offerings provided by global PC and technology solutions heavyweight Lenovo, who’s also the official technology partner of the FIFA World Cup 2026. In this “On the Go” Special episode of Under the Radar, finance presenter Chua Tian Tian flew halfway around the world to Miami in the US at the invitation of Lenovo for a deep dive into the solutions driving FIFA World Cup 2026. She also spoke with Art Hu, SVP and Global CIO, as well as Chief Technology and Delivery Officer, of the Solutions and Services Group at Lenovo for an overview of how everything came together.  That’s before wrapping up the trip by catching Match 71 of the FIFA World Cup between Portugal and Colombia featuring football legend Cristiano Ronaldo! See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Under the Radar: (SPECIALS) How does Adobe compete in the age of generative AI? Its President for JAPAC explains.

In this special “On the Go” episode of Under the Radar, finance presenter Chua Tian Tian headed down to Suntec Tower 3 for an interview with the leadership of a company that invented the Portable Document Format or the PDF format in 1993.  Founded close to 45 years ago in 1982 to revolutionise printing and publishing with an all-digital approach, Adobe has since evolved into a design software company that empowers everyone to imagine, create and bring any digital experience to life.  Its Creative Cloud suite of solutions, from Photoshop to Illustrator and Premier, helps customers from creators, students, small businesses to global enterprises create multimedia projects efficiently to drive business outcomes.  Adobe is an interesting company to look at, particularly given recent developments surrounding generative AI, which can help users create images, videos and even movies with a simple text or voice prompt.  To tap the technology advancements in AI, Adobe had in April 2026 launched a suite of artificial intelligence tools to help corporate clients automate and personalise digital marketing functions.  Called the CX Enterprise, the products make use of AI agents to help customers manage their interactions with customers. At the same time, the firm is also said to be working with US big tech players like Amazon, Microsoft, Anthropic, OpenAI and Nvidia to ensure that its new AI system works across multiple platforms.  But how does the firm define its value proposition in the age of generative AI given its in-depth knowledge and expertise in the design and creativity space, and how does the firm assess the competitiveness of its products against say Anthropic’s Claude Design?  How is competition like in Asia Pacific with Chinese AI-tech firms coming in fast and furious? Tian Tian posed these questions to Ben Goodman, President of JAPAC (Asia Pacific and Japan), Adobe. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Under the Radar: How does hotelier Hilton assess its operations in Southeast Asia amid greater global volatility?

Today we’re going to take you through a hotel brand that is directly linked to American personality, Paris Hilton. Yes, we’re indeed talking about global hospitality company Hilton, which boasts a portfolio of 27 world-class brands including Conrad Hotels & Resorts, Canopy by Hilton and Doubletree by Hilton. Fun fact, Paris Hilton’s great-grandfather, Conrad Hilton, or the founder of Hilton, entered into the hotel business in Cisco Texas back in 1919 when he was on the way to buy a bank but bought a local hotel called The Mobley instead.  The first hotel which formally bore the Hilton name though, was opened in Dallas Texas only a couple of years later in 1925. Fast forward to today, the hotel company comprises over 9,100 properties and over 1.3 million rooms in 143 countries and territories. It also welcomed over 4 billion guests across its century of history.  In April 2026, the firm reported Q1 adjusted EBITDA of US$901 million, up 13 per cent on the year. The firm also reported a 3.6 per cent growth in system-wide RevPAR or revenue per available room. But how far is this contributed by the Southeast Asia region? Looking ahead, the firm continues to face headwinds in the second half of the year amid trade volatility which could dampen global travel spend and weigh on US demand. The war in the Middle East could also result in reduced travel to the region. But to what extent will this make Asian or Southeast Asian markets more attractive for Hilton to double down on? On Under the Radar, finance presenter Chua Tian Tian posed these questions to Alexandra Murray, Vice-President and Regional Head of South East Asia, Hilton. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.