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Singapore’s GIC Sees Global Inflation Posing Challenges, ST Says

Singapore’s sovereign wealth fund sees global inflation as the biggest threat to its portfolio now, following the crisis triggered by the pandemic, the city’s Sunday Times reported, citing the chief executive officer.

“Turns out that way more than temporary supply chain issues, demand-led inflation is turning out to be the worry,” GIC Pte CEO Lim Chow Kiat said in an interview with the newspaper. “Since GIC’s formation, we never saw inflation causing a problem. This crisis is not over.”