30 Apr '11, 6am

Go Vivian!! Haha! National reserves well managed by govt, says Dr Vivian Balakrishnan #SGelections

Go Vivian!! Haha! National reserves well managed by govt, says Dr Vivian Balakrishnan #SGelections

DR VIVIAN Balakrishnan said the Government has managed the national reserves very well and the portfolios of GIC and Temasek Holdings were back to the pre-crisis peaks. At the local level, investments by the Town Touncils have also been 'positive', reaching $19 million, with an annual rate of return of 2.5 per cent or more, he said during a walkabout in Holland-Bukit Timah GRC on Saturday. The minister, who is facing a Singapore Democratic Party team in the four-member GRC, also rebutted SDP candidate Tan Jee Say's charge at a rally on Friday that the GIC and Temasek could have lost tens or even hundreds of billion dollars in bad investments. Mr Tan had argued that his $60 billion economic proposal was 'small change' compared to the bad investments. Dr Balakrishnan disagreed the amount was small change.

Full article: http://www.straitstimes.com/GeneralElection/News/Story/ST...

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