Bloomberg.com, 19 Jan 2009, Shiyin Chen
Jan. 19 (Bloomberg) -- Government of Singapore Investment Corp. and Temasek Holdings Pte. posted losses that were smaller than the decline in global markets, the city-state’s finance minister said.
The two investment companies lowered their holdings in equities “early in the crisis,” helping them post a smaller drop in their portfolios, Finance Minister Tharman Shanmugaratnam said.
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