US offers Singapore F-16 training deal worth $251 million
F-16 Fighting Falcon (13 June) The US Department of Defense has notified Congress of the possible extension of Singapore’s Lockheed Martin F-16 training programme in Arizona. A release by the Defense Security Cooperation Agency has said the five year, $251 million contract would extend the Singapore air force’s Peace...
GIC bets big on Chinese debt
(6 Jun 2014) Singapore sovereign wealth fund GIC is making waves in the Asian debt markets with a series of unusually big investments in bonds from China. According to market sources, in recent weeks, GIC has bought US$700m of unrated 4.7% bonds due 2019 from computer maker Lenovo, a US$400m 2019 private placement from property...
Singapore confronts perils of please-all economics
(12 June) Singapore is confronting the perils of please-all economics. Ageing population is pushing the government for bigger nest eggs and more subsidized health care and housing. There is also popular resentment against letting more foreigners in, and not much appetite for increasing the 7 percent consumption tax. Squaring...
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