Tag: SG reserves

In Parliament: WP’s Gerald Giam concerned over “potentially large burden of returning $52 billion...

Singapore—Workers’ Party MP Gerald Giam (Aljunied GRC) expressed his concerns in Parliament on Wednesday (Oct 14) over the "potentially large fiscal burden of returning...

Goh Chok Tong thanks “mighty reserves” for “mighty” Resilience Budget

Singapore – Emeritus Senior Minister Goh Chok Tong has taken to Facebook to thank the "mighty" Singapore reserves for coming in handy for the...

Halimah Yacob: Gov’t considering using Past Reserves “to support our people and our businesses”

Singapore—In the light of the current hit Singapore is taking because of the Covid-19 outbreak, President Halimah Yacob said in a Facebook post that...

Is S$500 billion in aggregate reserves enough or does Singapore need higher taxes?

Singapore’s aggregate reserves is a state secret, however, analysts’ estimates place it at well over S$500 billion (US$370 billion). Maybank Kim Eng economist Chua Hak...
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