By Alvin Foo IN DAVOS

THE Government of Singapore Investment Corporation (GIC) is confident that it will be able to continue generating reasonable returns for the country's reserves despite a tougher global investment climate.

But the investment manager must continue to manage its investments carefully and cautiously, diversify its portfolio intelligently and manage risks well, said its deputy chairman and executive director Tony Tan.

Dr Tan told The Straits Times that GIC will be able to deliver the sustainable investment returns which will enable the Government to 'prudently draw on Singapore's reserves for budgetary purposes over the long term'.

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