National Solidarity Party, 5 Mar 2009
The National Solidarity Party (NSP) calls on the Government of Singapore Investment Corporation (GIC) to be more transparent with its global investment projects.
During the recent Parliament sessions, it was revealed that the Country’s other national investment entity, Temasek Holdings, had lost some 31% of its investment value recently. Its failures in a number of ventures notably in China, USA, Thailand, Indonesia, and Australia have been in the news over the past several years. Although Temasek was able to reap from its substantial ownership of various local oligopolies, its fortune with international ventures was much to be desired, despite the presence of its highly vaunted board of directors.
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