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Archive for February, 2008

SM Goh on using the reserves

Posted by tocquotes on February 17, 2008

 

“The reserves are like a golden goose which lays golden eggs. And if you try and dig into the reserves, you’re actually in a sense not feeding the reserves and the goose gets smaller. So we should, whenever we can, put some funds aside to grow the reserves and then use the earnings in the reserves, which is what we’re doing.

“Produce the wealth first and the surpluses before we talk about sharing and never, never dig into the reserves. That’s like killing the golden goose to get the meat. I think better try and fatten the goose, have more golden geese and then have more eggs to share.”

SM Goh
Channel NewsAsia,
17 Feb 2008

Posted in Goh Chok Tong | Leave a Comment »

PM Lee on rising cost

Posted by tocquotes on February 4, 2008

 

“Bread is bread, rice is rice.”

(Straits Times)

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Posted in Lee Hsien Loong | Leave a Comment »