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GIC Private Limited is a Singaporean sovereign wealth fund that manages the country's foreign reserves.Established by the Government of Singapore in 1981 as the Government of Singapore Investment Corporation, from which the acronym "GIC" is derived, its mission is to preserve and enhance the international purchasing power of the reserves, with the aim to achieve good long-term returns above ...
As of 2023, the total size of the reserves has been conservatively estimated to be at least S$2.5 trillion (2024) (US$ 1.87 trillion), based on publicly available data from GIC, [a] Temasek, [b] MAS, [c] and CPF, [d] among others. It is generally assumed that Singapore's reserves are bigger, far-reaching and significant than publicly acknowledged.
GIC (sovereign wealth fund), previously known as Government of Singapore Investment Corporation, a Singaporean sovereign wealth fund Guaranteed Investment Certificate in Canada Guaranteed investment contract in the United States
Singapore sovereign wealth fund GIC, one of the world's biggest investors, is bracing for muted investment returns and expects little respite from runaway inflation that has forced central banks ...
Singapore's sovereign wealth fund GIC has teamed up with Chinese asset manager CDH Investments to submit a joint offer for the $3.6 billion home appliance business of Philips, two sources told ...
The long-term returns of Singapore sovereign wealth fund GIC have dropped within a whisker of a record low struck during the financial crisis, and its chief executive cautioned on Tuesday that the ...
Lim was the head of the Singapore Civil Service from September 1999 to March 2005. He was the permanent secretary of the Ministry of Defence from July 1981 to May 1994, permanent secretary in the Prime Minister's Office from June 1994 to July 1998, (concurrently) permanent secretary of the Ministry of Education from April 1997 to June 1999, and permanent secretary of the Ministry of Finance ...
Singapore sovereign wealth fund GIC, one of the world's biggest investors, said it is factoring in the potential for a global recession and was prepared to stress-test its portfolio if need be.