04 Aug '11, 10am

Tan Kin Lian's reply to Business Times on: What are his thoughts on the present climate of this presidential...

"What are your thoughts on the present climate of this presidential election, taking place during great economic uncertainties in the world? How ready are you to be involved in crucial decisions that affect the economic future of Singapore?" REPLY BY TAN KIN LIAN The global economic and financial situation is challenging, with large government debts in the USA and several European countries and the risk of down-grading of the rating of these sovereign countries and the possible turmoil in global markets. In times of uncertainty, it is important for our reserves to be invested prudently, to avoid speculation and to invest for the long term. While the markets may be volatile, we should not be unduly worried about changes in the market values. Instead, we should focus on the long term earning yields of the assets and avoid leveraging. I am familiar with volatile markets and e...

Full article: http://tankinlian.blogspot.com/2011/08/president-and-econ...

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