Reported in the press, some details of China’s sovereign fund, China Investment Corp:      

Its president and chief investment officer is Gao Xiqing
CIC is incepted in September 2007 with an initial capital of US$200 billion
China Investment Corp announced that it has USD90 billion (Rm288 billion) to invest overseas. Earlier, the amount should only be a third which […]

Government of Singapore Investment Corp’s property arm, GIC Real Estate  has formed a joint venture with Japan’s Sumitomo Corp. Incidentally, GIC RE manages a multi-billion dollar portfolio of property in 30 countries, putting it among the world’s 10 biggest real estate investors. Its parent company is GIC which is the vehicle of the Singaporean Government […]

This time around, Malaysia Airlines (MAS) seemed to be able to achieve a sustained turnaround with a net profit of RM133.1mil for its first quarter ended March 31, compared with a loss of RM319.9mil in the year-earlier quarter.
The main reason being that the net profit was derived from the ordinary course of the business rather […]

Unless, some miracles come along, Temasek is heading into hot soup when the Singpaore’s  Prime Minister’s Lee Hsien Loong announced that  Singapore state investor Temasek should be held accountable for its controversial purchase of Thailand’s Shin Corp which is purely a commercial deal which the Singapore government will not interfere with.
(Incidentally, Temasek  is  headed by […]

Reported in The Star (1/11/06) there is a massive corporate restructuring in POS Malaysia & Services Holdings Bhd (PSH) where it involved:

return cash of RM1.50 per share to shareholders and
transfer its business, assets and listing status to wholly-owned Unit Pos Malaysia Bhd.

According to PSH chairman Tan Sri Adam Kadir, the rationale for the proposal is […]