Exceptional circumstances required use of Singapore's reserves
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE'S very existence is at stake as it battles the coronavirus pandemic, and the country has to draw on past reserves to take care of its people, said President Halimah Yacob.
The national reserves should only be used in "very exceptional circumstances", and the Covid-19 outbreak fits this definition, she added in an interview with reporters over video conferencing on Friday .
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
