| From Themalaysianinsider.com: Sovereign wealth funds (SWFs) — including the Government of Singapore Investment Corporation (GIC) — are feared more for what they are than for what they really do.
Such funds, which are owned by governments and funded by surpluses accumulated by the state, are often regarded with suspicion, especially in rich countries in Europe and America. There, such public money is typically used to build hospitals and schools, or returned to the needy — the jobless and elderly, if there’s any leftover.........................................Full Article: Source |