GIC posts 3.8% annualised real return over 20 years despite economic uncertainties
Without adjusting for inflation, GIC’s annualised return came in at 5.7 per cent over the same 20-year period. This is expressed in US dollars.
US companies, consumers are paying for Trump’s tariffs, not foreign firms
Import prices excluding fuel were up notably in June, suggesting foreign companies are not shouldering the burden by offering US firms lower prices – challenging the President’s claims that other countries pay the rate.
New Silk Road, one of Singapore’s longest-running hedge funds, shuts after US investor pullback
The firm, started by two finance veterans about 16 years ago, saw assets under management plummet to US$615 million (S$787 million) as at December 2024, from almost US$2 billion as recently as 2021.
MAS appoints first 3 asset managers to inject initial S$1.1 billion into Singapore equities
Temasek-backed Fullerton Fund Management will be among the first of three asset managers to tap a S$5 billion investment fund initiative announced by authorities earlier this year.
New digital tool in Singapore to encourage advance care planning
Called myACP, the tool allows users to document their preferences for medical treatment in advance, in line with their personal goals and values.
Tokenize Xchange to exit Singapore after being denied digital payment token licence
This comes after the Monetary Authority of Singapore (MAS) decided not to grant the company a licence to offer digital payment token services,
Singapore financial sector growth doubles in 2024; assets managed cross $6 trillion in a first: MAS
Growth was broad-based across segments, including banking, fund management, insurance and activities auxiliary to financial services, which largely comprise payments firms,
MAS records net profit of $19.7 billion, fuelled by investment gains
The investment gains were mainly from interest income, dividends and realised gains from the management of MAS’ foreign investments.
Singapore’s economy sees surprise expansion in Q2 despite US tariff uncertainty: Advance estimate
Based on advance estimates by the Ministry of Trade and Industry (MTI), the economy grew 4.3 per cent year on year in the second quarter of 2025, extending the 4.1 per cent growth in the previous quarter.
Proposed new law protecting Singaporeans’ genetic data to be strengthened: Ong Ye Kung
“Under the Act, beyond various data protection measures, a patient can choose to restrict the sharing of his medical data among the healthcare providers that he sought care from,” he said.
Stable Sing$ a strong option for Asian investors amid heightened uncertainties: Bank of Singapore
She added: “The Singdollar could be the third currency in many of your currency diversification discussions.”
Eligible S’poreans to get up to $850 in GSTV cash, up to $450 in MediSave top-ups in August
They will receive $850 in cash if they are 21 or older in 2025, have an assessable income of up to $39,000 in the latest assessment year, and own at most one property whose annual value is up to $21,000 in 2024.