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GIC Singapore
Sovereign wealth funds
GIC posts best performance since 2015 despite pandemic year
This signals higher potential contributions to Singapore’s coffers as the projected budget deficit hits $11 billion.
July 23, 2021
Property
GIC-ESR Cayman jointly acquire Australian logistics properties worth A$3.77 billion
The portfolio has an initial yield of 4.5% and a weighted average lease expiry of 6.9 years
April 18, 2021
Global Economy
Briefs: Grab mulls US IPO, Singapore's GDP forecast for 2021, Biden's US$1.9 trillion Covid-19 bill
"Client demand is rising... We continue to evaluate it ... and engage on it." - Goldman Sachs' president on Bitcoin's popularity.
March 12, 2021
Disruption and Digitalisation
Lender backed by Gojek and GIC to offer banking services through mobile app in Indonesia in March
Bank Jago went from obscurity to Indonesia’s fourth most-valuable listed bank in recent months.
March 05, 2021
Company in the news
GIC to buy US$2.05 bil minority stake in Duke Energy Corp unit
Duke might even try to sell GIC more of the Indiana unit in the future so it could develop renewable energy in North Carolina.
February 01, 2021
Deals, joint ventures & alliances
GIC and ESR establish US$750 mil joint venture to develop and acquire industrial and logistics assets in India
The joint venture will develop and own institutional-grade, state-of-the-art industrial and logistics facilities across India.
December 22, 2020
IPO
GIC plans to invest over US$1 bil in Ant's IPO
GIC and Temasek Holdings are considering participating in both the Hong Kong and Shanghai legs of the listing.
October 06, 2020
Global Economy
Here’s what investors with US$3.4 trillion are buying during Covid
GIC Pte, Singapore’s sovereign wealth fund, is looking at “less loved” areas from retailing to infrastructure says CEO Lim.
September 22, 2020
Medtech
GIC joins consortium to invest US$418 mil in biopharmaceutical company I-MAB
According to GIC, I-MAB will receive all proceeds from the private placement and intends to utilize them to fund its ongoing and planned research and clinical programmes.
September 04, 2020
Results
Yanlord reports higher revenue but lower profit for 1HFY20
During 1HFY20, it booked presales of some RMB29.8 billion, up 65% y-o-y.
August 13, 2020