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GIC Private Limited is a Singaporean sovereign wealth fund that manages the country's foreign reserves.Established by the Government of Singapore in 1981 as the Government of Singapore Investment Corporation, from which the acronym "GIC" is derived, its mission is to preserve and enhance the international purchasing power of the reserves, with the aim to achieve good long-term returns above ...
Singapore sovereign wealth fund GIC, one of the world's biggest investors, is bracing for muted investment returns and expects little respite from runaway inflation that has forced central banks ...
SIBOR stands for Singapore Interbank Offered Rate [1] and is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore wholesale money market (or interbank market). It is similar to the widely used LIBOR (London Interbank Offered Rate), and Euribor (Euro Interbank Offered ...
Monetary Authority of Singapore (MAS) Past Key Statutory Boards: [12] Board of Commissioners of Currency, Singapore Post Office Savings Bank of Singapore (POSB) Current Government companies: [11] GIC Private Limited Temasek Holdings (Private) Limited. Past Government companies: [13] MND Holdings (Private) Limited Singapore Technologies Holdings ...
It is an alternative to Singapore Interbank Offered Rate (SIBOR) which is a measure of the interbank money market rates. [1] As of December 2018, SOR is measured and published periods of overnight, 1 month, 3 month, and 6 month. Like SIBOR, SOR is set by the Association of Banks in Singapore, and is also publicly available. [2]
This is an accepted version of this page This is the latest accepted revision, reviewed on 17 February 2025. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) Fiscal year 1 April – 31 March Trade organisations WTO, APEC, CPTPP, IOR-ARC, RCEP, ASEAN and others Country group Developed/Advanced High-income economy Statistics Population 6,040,000 (2024 ...
GIC (sovereign wealth fund), previously known as Government of Singapore Investment Corporation, a Singaporean sovereign wealth fund; Guaranteed Investment Certificate in Canada; Guaranteed investment contract in the United States
Singapore sovereign wealth fund GIC, one of the world's biggest investors, said it is factoring in the potential for a global recession and was prepared to stress-test its portfolio if need be.