Singapore’s sovereign wealth fund warns of ‘profound uncertainties’ as inflation rises (CNBC)
- GIC, which is among the world’s largest investors, painted a rather bleak picture of the global environment.
- “Years of concerns over deflation have turned into worries of elevated inflation, forcing economic policymakers to reverse stimulus policies,” said Chief Executive Lim Chow Kiat in the report.
- The fund’s portfolio recorded an annualized dollar nominal rate of return of 7% over a 20-year period ending March 31, 2022, the fund said in its annual report published on Wednesday.
Singapore industrial space prices, rents creep up in Q2; occupancy up 0.2%: JTC (Business Times)
The prices and rents of Singapore industrial spaces continued to climb in the second quarter of 2022, while occupancy rates inched up after dipping in Q1, according to JTC’s quarterly market report released on Thursday (Jul 28)....
