No matter what challenges arise, Singaporeans will prevail and united
In his 2020 National Day Message, Prime Minister Lee Hsien Loong stated that Singaporeans come together every year, rain or shine, to celebrate the making of our nation, and renew our commitment to Singapore. As we celebrate National Day this year (“2020”), we are faced with a global COVID-19 pandemic. No matter what challenges arise, […]
Strong foreign exchange reserves kept us from starvation: Lee Kuan Yew
Is there a reason Singapore holds reserves? The reserves of Singapore serve three purposes: To provide a buffer against crises; Provide a stream of investment income to finance a part of government budgets; Maintaining confidence in Singapore’s exchange rate-based monetary policy. A reserve is therefore a rainy day fund, an endowment fund, and a stabilization […]
Tough love needed to maintain upward trajectory
National Day Message of Mr Lee Kuan Yew Speaking off the cuff, Mr Lee Kuan Yew said in his National Day Message in 1971, “I am not here tonight to preach blood, sweat and tears or talk about the apocalypse. You have done well, six superb years, a magnificent performance against all the odds, so […]
Happy 55th birthday, Singapore.
In a National Day message video posted today, President Halimah Yacob shared that Singapore’s 55th birthday would have been a milestone and a cause for great celebration if not for the ongoing Covid-19 pandemic. Indeed, the coronavirus has caused impacted every aspect of life, severely disrupting life for many. We are facing a global economic […]