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Tech
Carlyle, GIC skip Ant’s buyback after valuation slumps 70%
Temasek has said it’s seeking a better understanding of how Ant arrived at its repurchase valuation.
August 08, 2023
Singapore news
Singapore presidential race attracts one more ex-GIC veteran
“Singapore is very fortunate to have two of the best people I know running for President,” says hedge fund billionaire Ray Dalio.
July 19, 2023
Singapore news
Former GIC CIO Ng Kok Song considers running for upcoming presidential election
According to news reports, Ng will come to his final decision within a week.
July 15, 2023
Markets
GIC to increase exposure to US-focused funds, says FT
As at March 31, 2022, about 37% of GIC’s portfolio is in the US, three percentage points up from the 34% in the year before.
June 21, 2023
Company in the news
GIC invests in industrial gas maker, Messer, valuing it at over EUR12 bil
People with knowledge of the matter said GIC is paying around EUR2 billion for a less than 25% stake in Messer.
May 31, 2023
Company in the news
Blackstone, Thomson Reuters sell US$2.4 bil of LSEG Shares
Singaporean sovereign wealth fund GIC, a member of the Blackstone consortium, also sold its stake.
March 09, 2023
China Focus
GIC reduces private investments in China after tech crackdown and 'property market turmoil', says FT
GIC has been doing so over the past year, according to the broadsheet’s sources.
February 14, 2023
M&A
GIC-backed unicorn in talks to acquire Foodpanda in Thailand
Food delivery unicorn Line Man Wongnai is in talks to acquire Delivery Hero SE’s Foodpanda in Thailand.
December 15, 2022
Global Economy
US valuations 'not quite there yet' but government incentives sowing long-term opportunities: GIC
For long-term investors, the current macroeconomic environment holds promise, says Lim Chow Kiat, CEO of GIC.
November 16, 2022
Property
ESR Group and GIC establish US$600 mil JV to acquire core industrial and logistics assets in India
The new core JV will provide capital that’s dedicated to enabling inorganic growth of the platform.
November 03, 2022