[Teeth53]

GIC’s already wide reach and investing power because unlike most peers, its mandate is to invest almost entirely overseas. 

In 2021, the firm struck more deals than ever, in its 40th year of operations. GIC doesn’t disclose how much it manages, though research firm Global SWF estimates it ran about $744 billion as of March.

https://youtu.be/0PeXlDysmTM

While the MAS was able to transfer funds before the amendment -- S$45 billion was given to GIC in 2019.......7% goods and services tax could be raised as early as this year, and regulators are studying ways to implement a wealth tax.