4. Purposes of Fund

Terms defined in s 2

• developmental purpose

  developmental purpose

  Defined · s 2

  “developmental purpose” means —(a)to promote, assist in or facilitate the establishment, development or expansion of any industry or class of business enterprise that will enhance, directly or indirectly, economic growth and employment opportunities in Singapore, that enjoys good export market prospects or that will enhance Singapore’s international competitiveness;(b)to construct, improve, extend or replace any buildings, building or engineering works, plant, machinery, equipment or other infrastructure required in respect of or connected with the economic development or general welfare of Singapore;(c)to reclaim or develop any land in Singapore or to commercially exploit or apply any scientific knowledge or technology; or(d)to promote, assist or facilitate any research, survey, investigation or other work preparatory to any purpose referred to in paragraph (a), (b) or (c);

  Open s 2
• Fund

  Fund

  Defined · s 2

  “Fund” means the Developmental Investment Fund established under section 3;

  Open s 2
• invest

  invest

  Defined · s 2

  “invest” includes entering into a transaction or an arrangement for the protection or enhancement of investments;

  Open s 2
• property

  property

  Defined · s 2

  “property” means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description;

  Open s 2
• public authority

  public authority

  Defined · s 2

  “public authority” means any board or authority established by or under any written law to perform or discharge any public function;

  Open s 2
• securities

  securities

  Defined · s 2

  “securities” includes shares, inscribed stock, debentures, bonds, debenture stock, notes or any other document creating, evidencing or acknowledging indebtedness;

  Open s 2