Good GIC showing will give coffers a boost

good gic showing will give coffers a boost

Sumary of Good GIC showing will give coffers a boost:

  • Under the Net Investment Returns Contribution (NIRC) framework, the Government can spend up to half of the long-term expected investment returns generated by GIC, the Monetary Authority of Singapore and state investor Temasek.
  • GIC chief executive Lim Chow Kiat told a virtual briefing yesterday that the increase in real return over the most recent 20-year period was in part due to how it is calculated, as a “poor year” 21 years ago dropped out of calculations.
  • Group chief investment officer Jeffrey Jaensubhakij said the attractiveness of Asian debt and the more competitive valuations of companies compared with their peers in Western markets accounted for the increased allocation to the region.

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