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Tag Archives for " GIC "

Singapore Debt Position and AAA Rating

Based on an article published in Fortune Magazine’s on 15th August 2011, Singapore was the eighth most indebted country in the world. Fortune said that Singapore had debts of US$254 billion (S$307 billion), equivalent to 95% of its gross domestic product (GDP). MOF has clarified that the Fortune Magazine’s article is misleading as it only […]

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GIC Report 2010/2011

GIC has released their latest annual report giving us an idea of their performance of the government’s reserves. In their press release, it was reported that the five, ten and twenty year annualized performances were 6.3%, 7.4% and 7.2% respectively. However, note that all these figures are measured in USD terms. If measured in SGD […]

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