From my last review, Global Investment Limited ("GIL") had S$88Mil of cash on hand as at 31 December 2017. Total assets is S$337Mil. This represented a 26% of unproductive assets held as cash and cash equivalent at the end of the previous financial year.    For Q1 2018, GIL had deployed S$59.11Mil into purchase of a basket of 21 China domestic bonds. These fixed income securities have a weighted average coupon of 4.28% and have a weighted short term maturity of 2.22 years. The invested fixed income securities are classified by management as held at fair value. This is a sound strategic decision to deploy the excess cash on hand to earn returns. At the same time, the 2.22 years holding duration minimizes the risk of further likely global interest rate hikes while leaving room for GIL investment team to maneuver if global recession indeed sets in.  New investment into China...