30 Apr '11, 10am

Ministers attack calls to draw down on reserves #SGelections

Ministers attack calls to draw down on reserves #SGelections

SINGAPORE may not have any natural resources, like oil or minerals, but it has its reserves - built up over generations. 'This is something that is our heritage,' said Minister for Trade and Industry Lim Hng Kiang on Saturday, rebutting opposition parties which want to draw down on the reserves for various programmes. 'Do you just sell off all your oil, your resources? Or continue to conserve all this so subsequent generations can benefit?' Mr Lim referred in particular to the Reform Party's (RP) call to divest state investment arms Temasek Holdings and GIC, and dividing the proceeds among Singaporean citizens. 'Do we preserve the nest egg and pass it on? Or have one great redistribution exercise with our forefather's savings?' asked the minister. Separately, Minister for Community Development, Youth and Sports Vivian Balakrishnan on Saturday continued a war of words with ...

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

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