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Daily Archives: 2010-09-30

GIC report – ‘significant’ recovery but how much exactly?

By Leong Sze Hian I refer to the report “GIC recovers losses from previous year, sees higher returns” (Channel News Asia, Sep 27). http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1083694/1/.html It states that “The Government of Singapore Investment Corporation (GIC) said on Monday that it has significantly recovered its losses from the previous year. No figures were given, but the comment came in its latest annual …

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