Singapore wealth fund `hopeful' on ambitious Brazil pension plan. YahooFinance
Latin America’s largest economy may offer investment opportunities in sectors from healthcare to education and gas pipelines if it keeps inflation under control and reduces interest rates, according to Lim Chow Kiat, the fund’s chief executive officer.
Brazilian assets have jumped amid optimism about President Jair Bolsonaro’s administration, but could still be considered cheap if the government manages to push through its market-friendly agenda. So far, the rally has been fueled mostly by locals, with foreign investors staying on the sidelines even after Bolsonaro, who was the clear market favorite in the October runoff, won the election in a landslide.
GIC, which has over $100 billion in assets, has invested in Brazil for almost two decades. In 2014, the firm managing Singapore’s foreign reserves opened an office in Sao Paulo as a way to boost capital allocation in the region. That was right before the country plunged into a major political crisis and an once-in-a-century recession the economy is still recovering from.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Eight killed in Brazil school shooting, two suspects deadSAO PAULO: Two assailants opened fire inside a school near Sao Paulo on Wednesday (Mar 13), killing eight people including four children before ...
Read more »
Nine dead, including five children, in Brazil school shootingSAO PAULO: At least nine people were killed at a Brazilian elementary school where two young men were seen entering the building and firing ...
Read more »
Two ex-policemen charged in connection with Brazil politician's murderTwo former police officers were arrested and charged on Tuesday in connection with the murders of a local councilwoman and her driver that sparked ...
Read more »
Brazil does not see US backing OECD bid on Bolsonaro trip[BRASILIA] Brazil does not expect the US government to announce support for its bid to join a club of the world's advanced economies when its President Jair Bolsonaro visits Washington next week, a senior member of his economic team told Reuters on Friday. Read more at The Business Times.
Read more »
Brazil court orders Vale to stop operations at another mine[RIO DE JANEIRO] A Brazilian court ordered Vale SA to halt production at another of its iron ore mines, further reducing the company's output capacity after a deadly dam burst increased government scrutiny over its operations. Read more at The Business Times.
Read more »
Brazil city burying eight victims of school attackSUZANO, Brazil: Stunned family members on Thursday (Mar 14) prepared to bury the eight victims of a school shooting in Brazil, along with the two ...
Read more »
Inspired by Columbine, Brazil pair kill 8 and themselves in school shootingTwo former students opened fire at a Brazilian school on Wednesday and killed at least five teenagers as well as two school officials before committing suicide in an attack that police said was inspired by the 1999 Columbine massacre in the United States. Before entering the Raul Brasil school in Suzano
Read more »
Brazil pair kill 8 and themselves in school shootingSUZANO, Brazil: Two former students opened fire at a Brazilian school on Wednesday (Mar 13) and killed at least five teenagers as well as two ...
Read more »
Eight killed in Brazil school shooting, two suspects deadTwo former pupils shot dead eight people, most of them students and staff, at a high school near Sao Paulo, Brazil, on Wednesday before turning their weapons on themselves, authorities said. After shooting at students in the yard, the killers headed to the language center where several pupils were hiding
Read more »
US warns Brazil about Huawei and 5G in talks: senior US officialU.S. officials have warned their Brazilian counterparts of their security concerns about Chinese telecom equipment maker Huawei Technologies Co ...
Read more »