THE Government of Singapore Investment Corporation's (GIC) investment approach provides an important cushion for crisis situations, said Mrs Lim Hwee Hua, Senior Minister of State for Finance and Transport.

It generates a continuous stream of income that can contribute towards the Government's budgetary needs, she added.

Although guidelines for GIC have not changed, it has diversified to higher-risks and higher-returns investments. The Government will 'continue to review from time to time whether the guidelines are appropriate'.

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