World Of Tourism

BusinessWeek, 2 Apr 2011April 1 (Bloomberg) -- TPG Capital, the buyout firm started by David Bonderman and Jim Coulter, sold a minority stake to the Government of Singapore Investment Corp. and the Kuwait Investment Authority, according to a person briefed on the decision.The firm, which is based in Fort Worth, Texas, told investors it plans to use proceeds from the sale to finance expansion of

AutomatedTrader, 1 Apr 2011SINGAPORE -(Dow Jones)- Government Of Singapore Investment Corp., or GIC, has opened an office in Mumbai to grow its business in the rapidly expanding south Asian nation, the sovereign wealth fund said in a statement.Mumbai, where the manager of the island nation's foreign exchange reserves will place more than 10 investment and asset management officials, is the eighth

Reuters, 23 Mar 2011(Reuters) - Singapore sovereign wealth fund GIC has increased its stake in US-listed Chinese video games firm Shanda Games to 10.3 percent as of March 14, from 8.2 percent in December, according to a U.S. filing late on Tuesday. Full storyRelated:Singapore GIC ups stake in Shanda Games to 10.3 pct-filing - CNBC

PropertyWeek.comUS private equity firm Blackstone has now exchanged on its £480m purchase of Chiswick Park in west London, and will complete the deal imminently.GIC, the sovereign wealth fund of Singapore, agreed to provide a £60m junior loan for the deal last week as part of its new lending tie-up with Deutsche Bank, which is providing a £300m senior loan. Full story

Malaysia Star, 19 Mar 2011Singapore’s ambitious overseas investments have been hit by a series of crises – from the 9/11 attacks in 2001 to the 2007 global financial crisis and recession and now the earthquake and tsunami in Japan and Middle East upheavals.AS Singaporeans’ concern mount over the safety of millions of Japanese, a small group of state investors are probably burning the midnight oil

iStockAnalyst, 14 Mar 2011Global Logistic Properties (GLP), the real estate unit of sovereign wealth fund Government of Singapore Investment Corp (GIC) , said on Monday that it has estimated the damage to its total portfolio of properties in Japan will be 38.8 million U.S. dollars, or 0.6 percent of the portfolio value of GLP in Japan. Full storyRelated:Singapore businesses post updates on

Reuters, 10 Mar 2011(Reuters) - Global Logistic Properties , which owns warehouses in China and Japan, will replace subway operator SMRT Corp as a constituent of Singapore's Straits Times Index (STI) following a half-yearly review, the index managers said on Thursday. Full storyRelated:Global Logistic Properties joins STI after half-yearly review - The Asset

Reuters, 6 Mar 2011The head of Singapore's sovereign wealth fund, which has more than one-third of its holdings in the United States, says Americans are being too downbeat about the U.S. economy, according to an interview with the Wall Street Journal.Tony Tan Keng Yam, executive director of the Government of Singapore Investment Corp, said, Americans "don't see the potential in their own economy,

Automated Trader, 2 Mar 2011SINGAPORE -(Dow Jones)- Singapore Finance Minister Tharman Shanmugaratnam Wednesday said the country's two sovereign wealth funds have done well compared with market indexes and have recovered their pre-crisis values."Both GIC and Temasek saw significant drops in their portfolio values during the crisis, in line with the decline in the markets, and similar to other

Reuters, 24 Feb 2011Feb 24 (Reuters) - Singapore's Global Logistic Properties (GLP) , which owns warehouses and other logistic assets, said on Thursday it has entered into a joint venture to develop a logistics park in Suzhou, China worth a total of $200 million.The park will be jointly developed with Suzhou New District Bonded Logistic Center Development, who owns 10 percent of the joint venture

Monsters and Critics, 24 Feb 2011Singapore - The Government of Singapore Investment Corp (GIC), one of the world's largest sovereign wealth funds, said the United States would remain one of its prime destinations despite the rapid growth of China and other emerging economies.'America has enduring strengths which will revitalize the US economy and throw up many opportunities for profitable

SunHerald.com, 23 Feb 2011NEW YORK & SINGAPORE -- Jefferies Group, Inc. (NYSE: JEF) and the Government of Singapore Investment Corporation (GIC) announced today that, through affiliates, they and LoanCore LLC, led by Mark Finerman, have formed Jefferies LoanCore LLC, a new joint venture commercial real estate finance company with $600 million in initial equity commitments that will be leveraged

TheRidgefieldPress.com, 23 Feb 2011A managing director with the Government of Singapore Investment Corp. in New York City is lending his talent and free time to Ridgefield’s Parking Authority.Ridgefielder Eugene Boehringer volunteered to fill an open position on the committee responsible for overseeing the town’s village and train station parking. After a brief interview last Wednesday, the Board

MarketWatch, 22 Feb 2011Vying for a role in the restructuring of well-known luxury resorts in bankruptcy court, an affiliate of the Government of Singapore Investment Corp. is setting the stage for a potential battle with a group including hedge-fund firm Paulson & Co. and Winthrop Realty Trust.In court papers filed Monday, the Government of Singapore Investment Corp., or GIC, spelled out a $1.48

Bloomberg, 14 Feb 2011Government of Singapore Investment Corp., a sovereign wealth fund, offered to buy a group of bankrupt resorts owned by hedge fund Paulson & Co. and other investors.The fund has offered $1.5 billion for the five resorts, one of its lawyers, Michael Sage, said in an interview after unveiling the offer at a bankruptcy court hearing today in New York. Full storyRelated:

NewsTimes.com, 31 Jan 2011Government of Singapore Investment Corp., the biggest investor in Citigroup Inc. and UBS AG, plans to hold on to its stakes in the banks for "many years" and will only consider selling if there are attractive offers."We look to continue to hold on to our stakes in UBS and Citigroup for many years to come," Tony Tan, deputy chairman of the Singapore sovereign wealth fund,

AFPSINGAPORE — US private equity firm Bain Capital and the Government of Singapore Investment Corp (GIC) are nearing agreement to buy a minority stake in Indian motorcycle-maker Hero Honda, according to the Financial Times.The newspaper, quoting anonymous sources familiar with the matter, on Tuesday said the expected transaction could be worth up to $1.75 billion. Full storyRelated:Govt of

Bloomberg, 28 Jan 2011The U.S. will remain the Government of Singapore Investment Corp.’s biggest area for investments for years, even as emerging markets grow faster, Deputy Chairman Tony Tan said.“There is a major transfer of wealth from the developed countries to the developing countries in Asia,” Tan said today in an interview at the World Economic Forum meeting in Davos, Switzerland. “But it

NasdaqSINGAPORE -(Dow Jones)- Government of Singapore Investment Corp. Deputy Chairman Tony Tan said so-called hot-money inflows may cause economies to overheat and create asset bubbles if they aren't well managed, but he added that countries shouldn't impose capital controls that would hurt long-term capital investments. Full story

Platts.com, 24 Jan 2011GE Energy Financial Services and the Government of Singapore Investment Corp. each will buy a 24.95% stake in five natural-gas fired power plants that ArcLight Capital Partners owns in Georgia, the companies said Monday."This is an attractive portfolio of contracted power generation facilities in a region experiencing an increasing demand for low carbon, efficient power.