Time Online
19 Mar 2008
David Robertson
The Singapore Government has indicated that it is willing to adopt a controversial new code of practice that would regulate the investment decisions of sovereign wealth funds (SWFs) if Western countries commit to not blocking future acquisitions.
Singapore's two sovereign wealth funds are among the largest in the world with combined assets of more than $500 billion (£247 billion) and the country is concerned that protectionist sentiment in Europe and the United States could prevent it investing its vast reserves.
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