GIC slips from top spot as most active state-owned investor in 2023: report
FOR the first time in six years, Singapore’s GIC lost its top spot as the most active state-owned investor (SOI) globally in 2023, falling to second place in a list compiled by sovereign wealth fund (SWF) tracker Global SWF.
It was beaten by Saudi Arabia’s Public Investment Fund (PIF), which moved up three places from the previous year.
Likewise, Singapore’s state investment firm Temasek slipped off the top 10 list of most active SOIs for the first time since 2018, when Global SWF began tracking SOI activity.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
HSBC has no plans to dispose of further businesses, chairman says
Glencore-backed group said near deal for Shell Singapore assets
Chinese share of French EV market slumps after incentives curbed
ARA H-Trust Q1 net property income up marginally to US$6.4 million
JPMorgan unveils IndexGPT in next Wall Street bid to tap AI boom
Morgan Stanley, Frasers settle UK lawsuit over US$1 billion margin call