Uncategorized
The GIC tsunami next?
After Temasek comes the GIC tsunami
GIC started the crisis with roughly Singapore $550 billion in reserves. My estimate is that it has lost about $190-$200 billion of that, leaving it with about $350 billion left. This amount is equivalent to 200 per cent of Singapore’s gross domestic product.
Notice: We now publish our news at The Online Citizen and Heidoh.
Continue Reading
