Singapore GIC says worst of crisis may not be over

Reuters, 23 Sep 2008, Saeed Azhar and Kevin Lim

SINGAPORE, Sept 23 (Reuters) - The Government of Singapore Investment Corp said on Tuesday the worst of the financial crisis may not be over, but it would continue to scour for opportunistic investments in sectors such as financials.

"We should not assume that the worst is over and we continue to be watchful and prudent in our assessment of the economic risks and in our investments," said Deputy Chairman and Executive Director Tony Tan at a news conference for its first annual report.

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