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MONEY MATTERS
Value creation, S'pore's new mantra after 50
The success in creating value is expected to drive Singapore's equity market over the next couple of decades
SINGAPORE'S Straits Times Index (STI) has returned a CAGR (compound annual growth rate) of 8 per cent, compared with a nominal GDP CAGR of around 9 per cent, since the inception of the index around 40 years ago. However, during the past five years, Singapore equities have underperformed world...
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