Singapore's reserves to be tapped only when absolutely necessary, not under pressure: PM Lee

SINGAPORE - Sacrifice and careful husbandry by earlier generations was how the Republic built up its nest egg of past reserves, and the current generation should see themselves as not just beneficiaries but also trustees who protect this inheritance for future Singaporeans, said Prime Minister Lee Hsien Loong. The past savings were built up at a unique time in Singapore’s...

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