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Blazewada
Celebrity Bewarse
Username: Blazewada

Post Number: 27734
Registered: 08-2008
Posted From: 116.88.66.65

Rating: N/A
Votes: 0

Posted on Tuesday, June 28, 2016 - 10:20 am:   


Bignole:




Revenue $83.8 billion SGD (2013)[2]
Net income
$15.2 billion SGD (2013)
Total assets $317.4 billion SGD (2013)
Owner Government of Singapore
Subsidiaries DBS Bank
Singapore Airlines
CapitaLand
ST Engineering
Singtel
MediaCorp
PSA Corporation
Aetos Security Management
Certis CISCO
SMRT Corporation


Both GIC and Temasek are private companies owned by the Ministry of Finance. MAS is a statutory board on its own with its own regulatory and monetary functions.

GIC's mandate is to invest the government's reserves. Temasek was intended to be a holding company for the government's assets, like its stakes in GLCs such as Singtel. This is why GIC does not own local companies and Temasek does.

Mandates and intentions aside, more recently their strategies have started to overlap. A growing part of Temasek's portfolio is diversified overseas. GIC still does not invest in local companies
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