AFP
21 Apr 2008
SINGAPORE (AFP) — The Government of Singapore Investment Corp (GIC) on Monday reiterated its long-term faith in the massive investments it made in troubled banking giants UBS and Citigroup.
"We regard our investments in UBS and Citicorp as long-term investments which will give us good returns when markets stabilise and economic conditions return to normal levels," GIC deputy chairman and executive director Tony Tan said.
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