What unexpected contingencies that LKY expect reserves to cater
for?
Channel NewsAsia - Monday, March
3,(2008)
DUBAI : Singapore’s Minister Mentor Lee Kuan Yew has
said sovereign wealth funds (SWFs) must be mindful of concerns of
the countries they invest in.
The Gulf state of Dubai is also establishing its own Investment
Corporation, similar to the Singapore’s Temasek Holdings.
Presenting awards to some of Dubai’s most promising companies,
Minister Mentor Lee also told his audience that small states like
Dubai and Singapore remain vulnerable to global changes.
He said that in a climate of uncertainty, corporations like
Temasek and the Investment Corporation of Dubai are able to
overcome volatility through their long—term investment horizon.
And the accumulated reserves can help
tide over unexpected contingencies.
Mr Lee said that without government interference, Temasek, for
example, was able to maximise their returns...
http://sg.news.yahoo.com/cna/20080302/tap-332365-231650b.html
1.Rising tide?Dirty bomb?Bird
flu?SARS?Military threat(s)?