TEMASEK Holdings on Thursday launched Temasek Cares, an Institute of Public Character, which will focus on supporting the community in Singapore.

Temasek commited an endowment of $100 million to Temasek Trust, which will manage the money for Temasek Cares.

Each year, Temasek Cares will disburse $2 million. The money will go to programmes offered by charities.

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