The Star Online, 7 Feb 2009, Seah Chiang Nee
The need to dip into foreign reserves for part of a S$20.4bil (RM49.1bil) stimulus package raises questions on the government’s global investment policy.
AS RECESSION deepens and foreign investment values tumble, the government is facing rising public pressure for information on just how badly the national reserves are faring.
Singaporeans are becoming more anxious about not knowing how much their collective savings have been lost – or tied up – in troubled investments as a result of the global market collapse.
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