Temasek Holdings, the Singapore state investment company, suffered a 31 per cent fall in the value of its portfolio from S$185bn ($123bn) to S$127bn in the eight months to the end of November last year, the government said on Tuesday.

The disclosure by a government minister in parliament about Temasek’s performance for the first eight months of its fiscal year provided an advanced look at how the group has fared in the global financial turmoil. Temasek normally waits until five or six months after the close of the fiscal year to reveal its results.