Sin Chew Jit Poh, 10 May 2011SINGAPORE, May 10, 2011 (AFP) - The Government of Singapore Investment Corporation (GIC) will explore bolder ways of investing the country's foreign reserves, its chairman Lee Kuan Yew said in remarks published Tuesday.
The 87-year-old former prime minister said the GIC, known in the market for conservative investments, cannot keep following conventional practices as it grows.
"This could lead to mediocrity. GIC must develop the capacity and courage to make the right decisions, thinking in depth and foresight for what works best for us, even if the decisions are at times unconventional," he said. Full story
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Singapore plans to explore bolder investments of country's foreign reserves - The China Post
