Gulfnews.com, 10 May 2011Singapore: Singapore will need to ensure it has sufficient reserves as global uncertainties will be the "new norm" in the next decade, Prime Minister Lee Hsien Loong said. Singapore will need to buffer its economy "against volatility and storms by accumulating adequate reserves," Lee, who is also deputy chairman of Government of Singapore Investment Corp., said today at the sovereign wealth fund's 30th anniversary conference. It will invest its reserves "prudently and shrewdly, with a long-term view," Lee said. Full story
