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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Resilience package worked though only a fraction of GIC, Temasek losses

Posted on 22 February 2010

From Pressrun.net: The Economic Survey of 2009, released today by the Ministry of Trade and Industry, Singapore, notes how the government fought the recession. The centrepiece of Budget 2009 was the 20.5 billion Singapore dollar (SGD20.5 billion) Resilience Package, it says.

The stimulus worked. Singapore is out of the recession with overall unemployment down to 2.1 per cent…………………..Full Article: Source


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