Bloomberg.com, 21 Nov 2008, Chen Shiyin Nov. 21 (Bloomberg) -- Temasek Holdings Pte, Singapore's state-owned investment company, plans to cut salaries and said a worldwide recession may extend beyond 2009.The firm, which oversees $130 billion, said senior management has volunteered a 15 percent to 25 percent pay cut. The key managers will provide almost 90 percent of the savings from the companywide cut, it said in an e-mailed response today to a Bloomberg News query. Read MoreRelated News:Singapore's Temasek cuts pay to combat slowdown - Yahoo Asia News, 21 Nov 08Temasek’s Managers to Lead Companywide Pay Cut Amid Recession - Bloomberg, 22 Nov 08Singapore's Temasek to cut pay - AFP, 22 Nov 08