[Opinion] Singapore’s reserve managers GIC, Temasek, MAS deliver long-term returns

Singapore’s reserve managers GIC, Temasek, MAS deliver long-term returns

The trio's investment returns directly fund national public services via the Net Investment Returns Contribution, which remains the single-largest source of Singapore government revenue.

S'pore financial reserves approach S$2 trillion as Temasek, GIC and MAS post annual results

Disclaimer: Unless otherwise stated, any opinions expressed below belong solely to the author. Data sourced from Singapore’s Ministry of Manpower. Before you ask—no, the government of Singapore hasn’t changed its policy and suddenly revealed how much money the country really has in its reserves. But as the three main organisations responsible for managing them have published their annual reports over the past month, we can make an educated (and …