SINGAPORE - The performance of Singapore investment vehicles Temasek and GIC will come under scrutiny when Parliament sits on Jan 12, with at least 10 questions filed on the topic by MPs.

Mr Shawn Loh (Jalan Besar GRC) asked if the investment returns of Temasek and GIC have underperformed the Government’s expectations, while Associate Professor Jamus Lim (Sengkang GRC) asked if the two entities will still be able to provide a steady stream of contributions to the Government’s Budget amid a more volatile investment landscape.

They are among seven MPs who filed questions for oral answer on the topic, according to the order paper released on Jan 9.

Temasek, the Government’s investment company, and GIC, Singapore’s sovereign wealth fund, manage the country’s reserves. Their returns contributing to the Net Investment Returns Contribution portion of the Government’s annual Budget.

A Financial Times article published in December 2025 had questioned the performance of the two investment entities, saying that their recent returns have “compared unfavourably with many global peers”.

The article also said that the two Singapore investment entities are “among the weakest performers among 50 similar global organisations over a 10-year period, according to Global SWF data, despite being among the largest and best resourced”.

Among the questions filed are some on how investment benchmarking is done, and others on the mandate and strategy of Temasek and GIC. There are also questions on how the performance of the two investment entities might affect the fiscal position of the Government.

Parliament will also discuss the changes to the integrated shield plan (IP) riders, a topic which has caught public attention with new IP riders set to be disallowed from covering minimum deductibles from April 1.

The change is among several measures aimed at addressing rising insurance premiums and private healthcare costs.

Riders provide additional coverage on t...