What unexpected contingencies that LKY expect reserves to cater for?
Channel NewsAsia - Monday, March 3,(2008)
DUBAI : Singapore’s Minister Mentor Lee Kuan Yew has said sovereign wealth funds (SWFs) must be mindful of concerns of the countries they invest in.
Speaking to an audience of government officials and business leaders in Dubai, Mr Lee said developed countries need assurance that SWFs are commercially—focused investors.
ADVERTISEMENT The Gulf state of Dubai is also establishing its own Investment Corporation, similar to the Singapore’s Temasek Holdings.
Presenting awards to some of Dubai’s most promising companies, Minister Mentor Lee also told his audience that small states like Dubai and Singapore remain vulnerable to global changes.
He said that in a climate of uncertainty, corporations like Temasek and the Investment Corporation of Dubai are able to overcome volatility through their long—term investment horizon. And the accumulated reserves can help tide over unexpected contingencies.
Mr Lee said that without government interference, Temasek, for example, was able to maximise their returns...
http://sg.news.yahoo.com/cna/20080302/tap-332365-231650b.html
1.Rising tide?Dirty bomb?Bird flu?SARS?Military threat(s)?
Originally posted by noisylion:
rising knife/parang choppings? shooting in MRT? Dengue and prositutions in heartlands? Bullying in school? limping terrorist escape?
All still dunt seem work.
I hope Lee Kuan Yew can clarify, what sort of contingency is he talking about?
Don't give bullshit smart alec comments Lee Kuan Yew.
Lee Kuan Yew says that Mas Salamaat is not a threat, so I think Singapore can call off the search now, waste of resources.
not a threat why caused massive traffic jam and somemore must take thumbprint, ICA can't differentiate a chinese from a malay, any how take thumbprint,