CHALLENGES AHEAD

'The next few years may well be among the most challenging years for GIC since our establishment in 1981.' - DR TONY TAN, GIC's deputy chairman, who said prospects for the US economy and possibly world economy are fraught with downside risks

LONG-TERM INVESTMENT

Dr Tan said the GIC's recent investments in Citigroup and UBS will give 'good returns when markets stabilise and economic conditions return to more normal levels'.