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#1
05-08-2014, 11:10 AM
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GIC investment returns fails to meet CPF interest rates 40% of the time
An honorable member of the Coffee Shop Has Just Posted the Following:
"In eight of the past 20 years, said Mr Tharman, the GIC's investment returns had fallen below the interest guaranteed on CPF savings, and the Government has had to rely on its net assets to make up for the shortfall. The Government's net assets, and Singapore's reserves, had therefore reduced in these years." http://www.straitstimes.com/the-big-...nt-buffer-not- Click here to view the whole thread at www.sammyboy.com. 
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