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Singapore’s Temasek Holdings may make investment in venture foundation in Armenia

YEREVAN, July 9. /ARKA/. There is a small, but organized Diaspora in Singapore the representatives of which successfully operate in different areas, including technological. Singapore’s Temasek Holdings Foundation Co-cohair Nagi Hamiyeh said Monday as he met with Armenian Prime Minster Nikol Pashinyan, who is in Singapore now for an official visit, the press office of the Armenian government reports.

The parties discussed the prospects of creating a joint venture foundation, implementing startup programs, exchange of experience and technical cooperation.

The company representatives were invited to attend the 2019 World Congress on Information Technology (WCIT) to take place in Yerevan in autumn. They accepted the invitation with pleasure. The sides agreed to continue the discussions in Yerevan. –0—

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Armenia registered an inflation rate of 3.4% in July.

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The average market exchange rate of the US dollar to the Armenian Dram on August 6, 2025, fell by 0.35 points compared to August 5 and amounted to AMD 383.68.

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Armenia’s total public debt exceeds $13.8 billion

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