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Sovereign Wealth Funds Briefing - Categorized | Trends

Temasek Holdings has made substantial contributions to benefit Singapore

Posted on 06 December 2013

Investment company Temasek Holdings has made substantial contributions to benefit Singapore and Singaporeans, said chairman Lim Boon Heng. Lim said the contributions have helped to boost the government’s budget revenue to fund social programmes and kept tax burden light.
The government has rolled out various programmes to support the elderly and the needy. In the past 10 to 15 years, contributions from investment companies like Temasek, the GIC and others have helped to fund the programmes………………………………………..Full Article: Source


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