GOVERNMENT of Singapore Investment Corp and Temasek Holdings, the nation's investment companies, can take advantage of financial turmoil to add assets instead of being forced into 'panic' sales, said Senior Minister of State for Finance, Mrs Lim Hwee Hua on Monday.
Volatile global equity, currency and credit markets have 'inevitably' affected investments of Singapore's reserves, she Parliament. Still, the reserves are invested in a diverse range of assets and with a long-term strategy, she said, reported Bloomberg news.
'The investment climate has indeed been challenging. Precisely because of the philosophy we have adopted, both GIC and Temasek are in comfortable position to take advantage of any opportunities that may arise from the current downturn,' said Mrs Lim.
