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Shortlisted for Singapore Book Awards 2022 (Best Book Cover Design)
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“A whole generation of Singaporeans take their present standard of living for granted because you had laid the foundations of the economy of modern Singapore.” —Founding prime minister Lee Kuan Yew in a letter of appreciation to Dr Goh Keng Swee on his retirement from politics in 1984.
A pillar of those foundations is GIC, the investment company set up forty years ago by Dr Goh to invest the country’s financial reserves for the long term. Why did Dr Goh found GIC? What experiences moved him to that conclusion? How has GIC developed?
Read the gripping, untold story that began with the currency separation from Malaysia to GIC’s humble beginning to the global sovereign wealth fund it is today. A tale of ingenuity, resilience and vision.
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Freddy Orchard is a consultant and the author of Safeguarding the Future, a book on how Singapore has managed its reserves. He has been director of Economics at the Monetary Authority of Singapore (1995-1997) and GIC (1989-1999). Since his retirement, he has served on the investment committees of several Singapore charities.
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