| From Businessweek.com: Government of Singapore Investment Corp., manager of more than $100 billion of the city-state’s foreign reserves, said emerging markets will become a leading source of investment and credit as Western economies take longer to recover from the financial crisis.
The weakness in developed economies like the U.S. and Europe presents Asian institutions with a “once in a lifetime opportunity” to develop and mature, Tony Tan, deputy chairman of Singapore’s sovereign wealth fund, said today at the Commonwealth Economic Forum in Taipei.........................................Full Article: Source
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