Too much money to burn? GIC invests in unsecured bonds

[PrinceCharming]

Look at the news article published on 17th December 2013, page B13 of The Straits Times

Could a clever person explain to me why Pinky's GIC invests in US$35 million of unsecured bonds? (I only have GCE "O" levels and find it difficult to understand.)

 

[laksaboy]

Green Dragon Gas is involved in the Diaoyu Islands dispute.

http://menasborders.blogspot.com/2013/10/offshore-exploration-tender-issued-by.html

The state-run company is also thought to be investing $5 billion in developing submerged gas fields in the East China Sea, with the possibility of tapping gas deposits in Japanese waters through diagonal and horizontal drilling methods. The company has already come under scrutiny this month from Green Dragon Gas, which claims that CNOOC breached production sharing contracts by drilling wells on its licences without notification.

In June, China angered Vietnam by inviting IOCs to jointly participate in the development of nine blocks in the waters around Hainan, blocks which Hanoi considers overlap into their maritime territory. CNOOC's usual operating procedure is to team up with foreign firms during the exploration phase, but holds the right to take a 51% in the block once a commercial find is made. PetroVietnam was involved in a dispute with its northern neighbour last December when Beijing accused it of 'unilateral oil and gas exploration activities'.

 

[Physiocrat]

They try to convince the chinks that S'pore is on their side.

 

[Narong Wongwan]

They try to convince the chinks that S'pore is on their side.

$44 million to spend on diplomacy is sup sup water....
With china as big bro sinkies can yaya...$44 million count as protection fees la...cheap cheap