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REFILE-GIC won't move to Temasek level disclosure-Singapore PM

Tue May 6, 2008 5:09pm IST

(Fixes typo in name in paragraph two)

SINGAPORE May 6 (Reuters) - Singapore's prime minister said on Tuesday that its sovereign wealth fund GIC will not move to the same level of financial disclosure as its sister fund Temasek [TEM.UL].

"GIC and Temasek are different," said Lee Hsien Loong in an interview with Reuters.

"We do not want to tell people exactly how much we have, so people can take a run on the Singapore dollar."

He also said inflation -- currently running at a 26-year high -- was mostly imported and he did not expect it to dent Singapore's competitiveness.

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