Parliament: GIC and Temasek provide loans to companies for investment, says Indranee Rajah

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SINGAPORE - Singapore's GIC and Temasek provide loans to companies in the context of investments, and the Government does not direct these decisions, said Minister in the Prime Minister's Office Indranee Rajah in Parliament on Friday (June 5).. Read more at straitstimes.com.

SINGAPORE - Singapore's GIC and Temasek provide loans to companies in the context of investments, and the Government does not direct these decisions, said Minister in the Prime Minister's Office Indranee Rajah in Parliament on Friday .

He said:"When they provide rescue package, be it through loans or through other instruments, to help to support the viability of some companies, but not others, that sometimes creates questions among some members of the public. Singapore-based container ship operator Pacific International Lines is also in talks with a unit of Temasek on a potential investment aimed at keeping the company afloat. Two Temasek-linked companies are creditors of the shipping line.

They do so using a variety of instruments which include debt instruments like bonds and loans, she said.

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