Jude Chan

The bourse operator itself, meanwhile, is thriving

Having MAS that worries out loud and two reserve funds that hedge while they buy might be the most sensible set-up available

Investors pay a premium for growth, but market swings reveal unease about incentives driving the boom

A year after its Catalist debut, it is trading on the SGX mainboard, the value of its shares has trebled

It is changing its playbook to match a new reality as the global world order shows structural shifts

The challenge then is to work out how to cut needless friction in the system without weakening safeguards

The lessons from the Republic’s previous experiment with blank-cheque companies still hold

To pan its returns is to miss the basic point of sovereign wealth, which is to aim to survive market winters

In the financial year ended March, the portfolio hit a record S$518 billion, adding S$51 billion in new investments while divesting S$31 billion

Strategically, the move gives the group the master key to the entire Valley Point site