
Temasek: We don’t invest or manage CPF savings
Last Saturday's article ("Ways to improve CPF") quoted an unnamed person as saying he suspected the Central Provident Fund Minimum Sum was raised "because Temasek or GIC lost money overseas". Temasek does not invest or manage the savings of CPF members. We believe the CPF Minimum Sum policy, instituted in 1987, aims to help...

GIC invests in software company with debt more than 7.5 times earnings
(2 Jun) - Anti-plagiarism software company iParadigms LLC confirmed Monday that it has reached a deal to sell itself to private-equity firm Insight Venture Partners for $752 million, including debt. The Wall Street Journal reported earlier Monday that Insight was nearing a deal to acquire iParadigms from private-equity firm...

Singapore lifts ban on food imported from Fukushima
(31 May) Singapore will lift a ban on food imports from Fukushima Prefecture imposed amid the nuclear meltdowns crisis, Premier Lee Hsien Loong said Saturday at a meeting with Prime Minister Shinzo Abe. In response, Abe expressed his gratitude and said, “It gives Fukushima great courage,” government officials said. Singapore...
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