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GIC believes in US' long-term potential; mutual trust has enabled sovereign wealth fund and US partners to prosper: SM Lee

Channel News Asia LogoChannel News Asia5h ago

GIC believes in US' long-term potential; mutual trust has enabled sovereign wealth fund and US partners to prosper: SM Lee - Channel News Asia

Quick Summary:

"The mutual trust and confidence that we established enabled us to prosper together," said Mr Lee in a keynote address at this year's GIC Insights gala dinner in New York.

During his speech, Mr Lee said that GIC continues to see investment opportunities in the US, especially in emerging areas like climate technology and sustainability.

"One is building a battery plant in West Virginia, on the site of an old steel mill, to manufacture iron-air batteries that provide long-duration energy storage.


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GIC believes in US' long-term potential; mutual trust has enabled sovereign wealth fund and US partners to prosper: SM Lee - Channel News Asia (Picture 1)GIC believes in US' long-term potential; mutual trust has enabled sovereign wealth fund and US partners to prosper: SM Lee - Channel News Asia (Picture 2)

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Category: EconomyBusiness

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 20:18:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 807 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23585693

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 67 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #27

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