21.10.2008 - GIC, Temasek to invest more
From Straitstimes.com: Government of Singapore Investment Corp and Temasek Holdings, the nation's investment companies, can take advantage of financial turmoil to add assets instead of being forced into 'panic' sales, said Senior Minister of State for Finance, Mrs Lim Hwee Hua. Volatile global equity, currency and credit markets have 'inevitably' affected investments of Singapore's reserves, she Parliament. Still, the reserves are invested in a diverse range of assets and with a long-term strategy, she said, reported Bloomberg news...... Full Article: Source