The Malaysian Insider, 25 Jan 2009
SINGAPORE, Jan 25 – By taking the unprecedented step of unlocking Singapore's reserves, the Government is sending out this clear signal: It intends “to respond to the crisis decisively and with all means at our disposal”, said Prime Minister Lee Hsien Loong.
And to underscore its severity, he warns that the crisis is one that could see the economy contract for 'more months, and perhaps for the whole year”.
His remarks in his traditional Chinese New Year message are his first on the Budget since Finance Minister Tharman Shanmugaratnam unveiled it last Thursday.
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