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...
China metal financing fears spread to Singapore
Qingdao Port, Qingdao, Shandong Province, PRC An investigation into metals financing in a northeastern Chinese port city has cast a chill in Singapore, where a surge of business financing imports into China has bankers increasingly worried. A Chinese company's alleged use of metal as collateral to get loans from several international...
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