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Sat, Feb 14, 2009
The Straits Times
Reserves unaffected by losses

By Mavis Toh

THE questions came thick and fast, but Senior Minister of State for Finance Lim Hwee Hua responded assuringly.

Singapore's reserves will not be depleted by losses incurred by Temasek Holdings and the Government of Singapore Investment Corporation (GIC), she said.

Fixed deposits, urged by some, may be safe but won't provide income growth - crucial to building up reserves.


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