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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 40 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? Listen to the gripping, untold story that began with the currency separation from Malaysia to GIC’s humble beginnings to the global sovereign wealth fund it is today. A tale of ingenuity, resilience and vision.
Episodes
Friday Sep 17, 2021
Friday Sep 17, 2021
The untold story of Singapore’s reserves and its sovereign wealth fund, born of vision, ambition and creativity. Steered ahead by its founding leader, Dr Goh Keng Swee, GIC was a radical, unheard-of proposition at the time. But alongside his band of “buccaneers”, Dr Goh defied convention and adversity time and time again to protect the reserves of our young nation, forging GIC’s values in the crucible of Singapore’s finances in its formative years and ensuring that GIC would fulfil its mission of securing Singapore’s financial future.