you hit the jackpot.   Why we want foreign talents to come her to become Singaporeans?

The only reason i could think of is , We dont have enough 'boys' to do NS.  LOL

Foreign funds has been liquiditing their fund from singapore market, but, our GIC is injecting into other foreign market  --

1/20/2010
Travelport lines up $1.78bn London IPO
Telegraph reports, "The company, which is 70pc owned by private equity house Blackstone, won the equity injection from Government of Singapore Investment Corp (GIC), which will take 7.19pc of the enlarged group. The GIC deal provisionally values Travelport at $3.13bn.

Jeff Clarke, the travel company's chief executive, believed the float would prove GIC "came in at a discount".

"They came in early, large and long-term," he said. "Usually you get preferential treatment with that."

Mr Clarke said the IPO would see more than 50pc of Travelport's enlarged share capital sold to new investors, with the proceeds used to cut its $4.1bn borrowings to a target net debt of $2.3bn. Some of the cash will pay off $600m of pay-in-kind notes. "This is primarily about deleveraging," he said.

The company's other owners, each with 10pc, are Technology Crossover Ventures, One Equity Partners and the management. None of the owners are selling any shares."
read more: Telegraph

1/11/2010
GIC says booked loss from $675mln Stuyvesant investment
Reuters reports, "The Government of Singapore Investment Corp [GIC.UL] said on Monday it has already booked losses on its investment in Stuyvesant Town, given the New York apartment complex's debt problems.

"GIC recognised the losses following the ruling by the New York Court of Appeals in October 2009, which precipitated the default," a spokeswoman for the sovereign wealth fund said in response to a Reuters query.

GIC did not disclose its exposure or say how much it wrote off, although court documents indicate the Singapore fund held $100 million of equity and $575 million in mezzanine debt issued by the owner of the Stuyvesant Town/Peter Cooper Village complex in Manhatten. The complex, owned by a joint venture led by Tishman Speyer and BlackRock Inc (BLK.N), on Friday said it missed making a loan repayment, in a move that may trigger a foreclosure."
read more: Reuters
tax purpose.