Do More With Reuters

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

Tue May 6, 2008 5:09pm IST
 
Email | Print | | Single Page
[-] Text [+]

(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.

 
Photo

Catch the latest news, pictures, stats and live race commentary on our special Formula 1 page.  Full Coverage 

REUTERS POLL

Photo
Is Dhoni justified in saying the Indian team is playing too much cricket?
Yes
No