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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 ...
HDB flats in Woodlands; when HDB purchases state land for development into public housing, the purchase price paid by HDB goes into the past reserves. [] The Istana is the official residence of the President of Singapore. The reserves of the Government of Singapore is a collection of assets, after subtracting for liabilities, owned by the Government of Singapore and the entities listed in the ...
LONDON (Reuters) -Global investors are preparing to stake bets on China again, in a major sentiment shift sparked by Beijing's drive to reverse its economic slowdown and revive long term interest ...
ST Engineering's history began with its precursor, the Chartered Industries of Singapore, which was established in 1967 by the newly independent Singaporean government as an ammunition manufacturer. Businesses related to aerospace and shipbuilding were later created and put under the ST umbrella. The ST group of companies went commercial in 1990, setting up its first commercial airframe ...
The economy of Singapore is a highly developed mixed market economy with dirigiste characteristics. [ 20 ][ 21 ][ 22 ][ 23 ] Singapore 's economy has been consistently ranked as the most open in the world, [ 24 ] the joint 4th-least corrupt, [ 25 ] and the most pro-business. [ 26 ]
The Japanese government had previously drawn criticism for only donating a small amount to relief work. [60] The first shipment of Chinese supplies was a planeload of 500,000 doses of cholera vaccine, which was not necessary as the country had adequate stocks. [52] The Chinese government sent US$1.2 million in cash to Pakistan. [51]
The Government of Singapore is defined by the Constitution of the Republic of Singapore to consist of the President and the Executive. Executive authority of Singapore is vested in the President but exercised on the advice of the Cabinet led by the Prime Minister. The President, acting as the Head of State, may only act in their discretion in ...
Temasek is a company incorporated in Singapore, and operates under the provisions of the Singapore Companies Act. It is neither a government agency nor a statutory board. Like any other commercial company, Temasek pays taxes that contributes to government revenue in the countries it operates in, distributes dividends to its shareholder and has its own board of directors and a professional ...