Singapore Economy Shrinks Most in at Least 33 Years
Singapore’s economy shrank the most in at least 33 years last quarter as plunging exports push Asian nations deeper into an economic slump and add pressure for the nation to weaken its currency. Gross domestic product declined an annualized 16.4 percent last quarter from the previous three months, after shrinking a revised...
State media’s continued silence on sensitive issues will erode its credibility further
By Fang Zhi Yuan When news broke out that Singapore's Sovereign Wealth Fund, Temasek Holdings have lost S$58 billion dollars of its investment portfolio last year, one would expect many serious questions to be asked in the press. There were none. More disappointingly, the extent of GIC's loss was not published in the English...
Give our Sovereign Wealth Funds some time to improve on their transparency
By Lim Yii Tong, Guest Columnist Singapore's two Sovereign Wealth Funds - GIC and Temasek Holdings have drawn considerable flak over the past few days from both the foreign media and local bloggers on their reluctance to release more information about their investment strategies, directions and operations to the public. Part...
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