26.09.2011 - Is GIC experiencing a computer glitch like CNB?
According to the annual reports of the Government Investment Corporation (GIC), it was reporting its 20-year nominal returns in both US$ (5.7%) and S$ (4.4%), in its 2009 report. It also gave the real return in Singapore Dollars (S$), at 2.6 per cent, but not in United States of America Dollars (US$). However GICís 2010 and 2011 reports only gave returns in US$. Which means that the report went from reflecting no real US$ returns in 2009, to only real US$ returns in 2010 and 2011, being 3.8 per cent and 3.9 per cent respectively, and no longer in S$. Why is this so?.............................................Full Article: Source
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