Category Archives: GIC

Double whammy for GIC: Manager of CPF monies hit by huge emerging market forex losses, coronavirus

Besides the Brazilian real, most emerging market currencies have depreciated against the S$.

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GIC: How to lose S$500 million/50% on a single investment

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Investments can pock kai no issue to GIC, $15 billion guaranteed CPF inflow for GIC annually

GIC manages more than S$400 billion in CPF monies. Thanks to PAP’s constant tweaking of CPF rules, GIC receives about $15 billion in net contributions annually. Besides increase in CPF, GIC also manages additional billions in tax dollars set aside … Continue reading

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GIC needs a miracle for investments like Nirlon

Without a miracle, Nirlon will be another loser for GIC. GIC has overpaid massively for Nirlon, ie the potential for gains has been wiped out after paying a 400% price increase from a year earlier. Dividends over the last 5 … Continue reading

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GIC’s runaway management costs not PAP’s concern?

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