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30 Jul 2015 05:30

GIC reports average annual real return of 4.9% over past 2 decades

Over the 20-year period ended in March, the sovereign wealth fund generated a real return of 4.9 per cent on average annually. In its latest annual report, GIC says that looking ahead, it expects more modest long-term real returns.

  • 29 Jul 2015 15:43

    Cause of massive NSEWL train disruption in July identified, says SMRT

    To address issues with the network's third rail, which supplies electrical power to trains, all insulators will be replaced by Q1 of 2017, while data loggers will be installed at substations along the line within two months. The transport operator has also looked for leaks in the train tunnels.

  • 29 Jul 2015 12:45

    Singapore, UK agree to increase cooperation in cyber security

    Witnessed by Prime Minister Lee Hsien Loong and and his British counterpart David Cameron, the two countries signed a Memorandum of Understanding to cooperate in four areas, including cyber security incident response and cyber security talent development.

  • 29 Jul 2015 18:44

    Sweetlands centres made unauthorised withdrawals from Child Development Accounts: MSF

    A recent audit conducted by MSF revealed that two Approved Persons of Sweetlands childcare centres made unauthorised withdrawals from the Child Development Accounts of several children and wrongful claims for childcare subsidies from the Government. 

  • 29 Jul 2015 19:07

    More support for staff who get hurt at work

    Compensation limits for death and permanent incapacity, as well as the medical expenses cap will be raised, in line with wage increases and inflation in medical costs, says Manpower Minister Lim Swee Say.

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