GSIC cuts investments in tech companies
SINGAPORE - The Government of Singapore Investment Corp (GIC) has pared down its interests in Malaysia's technology sector in the face of sluggish US demand for the country's electronics products.
A week ago, the investment arm of the Singapore government disposed of its remaining stake in Malaysian Pacific Industries (MPI), a listed chip-maker in Quek Leng Chan's Hong Leong stable.And earlier in Mar 2001, GIC cut its holding in Mesiniaga, the listed distributor of IBM products in Malaysia. It
More on Reserves
Latest issue
Most read
- A route to economic growth – The Belt and Road Initiative 2018 survey
- ECB will ‘accelerate efforts’ to tackle staff concerns after second survey
- After the Congress – Interpreting China’s new development concept
- Asian Infrastructure Investment Bank – Raising expectations
- Do not discount central bank digital currency yet – Lagarde
Back to Top