Tag: GIC

GIC bracing for low returns due to trade war

Singapore— Singapore’s GIC, the eighth largest sovereign investor around the globe, has said that this year, it is more careful about the investing environment...

GIC In talks to invest S$1 billion in Indian infrastructure

Singapore— GIC, the country’s sovereign wealth fund, is reportedly planning to invest approximately S$1 billion in Indian infrastructure, specifically for buying operating toll and...

Lawrence Wong declines to to disclose salaries of GIC and Temasek heads

Singapore—In Parliament on Wednesday, May 8, Second Finance Minister Lawrence Wong chose not to reveal the total annual pay of the highest paid executives...

GIC is now 3rd most powerful asset owner in the world

GIC, a sovereign wealth fund from Singapore, has risen to become the third most powerful and influential asset owner in the world today. The...

GIC announces purchase of $741m Paris building, investment in aircraft leasing company

As part of its recent buying spree, GIC will be buying an office building in Paris worth S$ 741 million, as well as investing...

Temasek Holdings and GIC on worldwide buying spree

From January to September this year, companies in Singapore have gone on a US$91 billion buying spree around the world. This is more than...

GIC refuses to disclose exact losses in UBS investment, S’poreans left speculating

GIC Pte Ltd, formerly known as the Government Investment Corporation Singapore (GIC), announced on 16 May that it was shedding 93 million shares –...

GIC estimated to have lost at least US$7B of reserves in UBS investments

It was reported yesterday (15 May) that GIC Pte Ltd, the Singapore government's investment arm, is selling around half of the UBS stake it...

GIC offloads whopping 93m UBS shares, says it is “disappointed” with loss

“Singapore’s investment vehicle is selling around half of the UBS stake it bought at the height of the financial crisis,” the Financial Times reported...
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