TWO town councils - Holland-Bukit Panjang and Pasir Ris-Punggol - have about $12 million invested in troubled structured products.

These products include Lehman Minibonds, DBS High Notes 5, Merrill Lynch Jubilee Series 3 and Morgan Stanley Pinnacle Notes Series 9 and 10.

Senior Minister of State (National Development and Education) Grace Fu gave this update in Parliament on Monday, in response to a question from Nominated MP Eunice Olsen.

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