SINGAPORE may have to dip into its reserves again if dangers facing the "deeply troubled" global economy precipitate a major crisis, Prime Minister Lee Hsien Loong has warned.
"Drawing on our reserves should only be an absolutely last resort. Our first strategy is to ensure a resilient and dynamic economy. But our reserves give us confidence that we can weather any crisis, however severe it may be," Mr Lee said in a speech during the swearing-in of Singapore's new president, Tony Tan. Full story
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