Remembering Lee Kuan Yew - Thank you - The nation with you in your final journey - See u in heaven

Remembering Lee Kuan Yew - Thank you - The nation with you in your final journey - See u in heaven
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Monday 30 March 2015

Prime Minister Lee Hsien Loong shared a series of old photos of his father Lee Kuan Yew on Facebook.



Prime Minister Lee Hsien Loong shared a series of old photos of his father Lee Kuan Yew on Facebook. 

-- PHOTO: LEE  HSIEN LOONG/FACEBOOK 







Can you spot Mr Lee Kuan Yew in these old photos?

The National Archives of Singapore (NAS) has uploaded its collection of photos and manuscripts onto a new Citizen Archivist Portal. It is inviting the public to write photo captions and transcribe the manuscripts.

I browsed the collection, and spotted my father in this set of photos. I think they were taken on election day on 21 September 1963, days after Singapore joined Malaysia. He was visiting Tanjong Pagar CC, which was a polling station in his constituency.

Many more photos are waiting to be discovered and tagged on the NAS portal. Do take a look at http://www.nas.gov.sg/citizenarchivist. Help us make the records easier to search and discover, and piece. more of Singapore’s history together!




Why Lee Kuan Yew switched from golf to running - LKY Final Journey State Funeral

Why Lee Kuan Yew switched from golf to running - LKY Final Journey State Funeral





Mr Lee running in Chengde, China, in 1980. He turned to running after a surgeon friend told him that pushing the heart to 

its limits for as long as possible would improve heart muscle tone and get rid of the feeling of lethargy. -- ST FILE PHOTO -

On Sunday, in his eulogy at a family farewell for his father, Mr Lee Kuan Yew, Prime Minister Lee Hsien Loong referred to a speech Mr Lee had made in 1972,.
Titled "Life is better when it is short, healthy and full", it was delivered at the 5th Asian-Pacific Congress of Cardiology Delegates dinner at Shangri-La hotel in Singapore on Oct 13, 1972.
PM Lee shared on his Facebook yesterday: "I had looked it up recently, and re-read it with delight. Some of the medical bits are a little out of date, eg preferring lean beef to pork, but the speech is vintage LKY. Here it is."
I AM overawed to find myself in the presence of so many eminent heart specialists. It's a daunting prospect to have to talk to some 500 people who, even as I speak, will run their professional eye up and down me, checking my age against my weight, height, the amount of alcohol I may be showing, either on my countenance or lack of crispness in my speech.
The reason I am here, of course, is that your chairman gives me an annual check-up to see whether the old ticker is degenerating faster than it should.
Every year, we go through the routine: electrocardiogram (ECG) lying down; ECG sitting up; ECG, after going up and down steps at a certain speed for several minutes; ECG to discover how quickly the pattern returns to normal after this exercise.
Each time, I leave a little encouraged. He knows I am suspicious. So he never tells me that all is well. His is the subtle approach - a quiet nod and a hum of satisfaction as he runs through the stream of paper graphing my heartbeat, and the very audible asides to my general physician about an athlete's heart.
It gladdens mine.
He knows that I read up all the medical articles in magazines ostensibly meant for more than just the average layman.
He knows I cut out saturated fat - lean meat, preferably beef, only selected parts of mutton and pork, and that only occasionally. Even in vegetable oils, some are to be avoided like coconut, which is saturated.
Yet, despite all this hotchpotch collection of dos and don'ts from articles and tips from friends like Professor Monteiro, I had all this while laboured under a grave misconception - that the heart should never be strained, that as one gets older, one should be careful not to push the ticker too hard.
So violent exercises like badminton and squash are to be eschewed. More leisurely ones unlikely to induce cardiac failure, like golf or swimming, are for me.
Then, one day, I was playing golf with a surgeon friend. He had read up the latest on aerobics.
He said the heart should be pushed to its uttermost limits to dilate all the arteries throughout the body and in the heart itself, and to increase the pulse rate to its maximum, for as long as possible.
It will improve heart muscle tone, and after a few weeks, the lethargic feeling will go.
I asked him if he had tried it out himself. Well, he said, running on the spot for him, bringing his knees as high up to his chest as possible, that was difficult because he was well in his 50s. So he walked on the spot.
But he assured me that he had got quite a few friends who had complained of feeling lethargic and slothful to run on the spot, more and more minutes each day, and now, they are almost bursting in song with a spring in their steps.
None has dropped down dead.
I asked him whether they were his friends or his guinea pigs. He countered that it was the results of experiments by a Canadian heart specialist.
He recounted a case of a Canadian pilot who was invalided because of heart problems. After one year of aerobics he had his pilot's licence and status restored.
This sounded convincing. So I tried it, but cautiously. I walked on the spot.
Nothing happened. So I began to run, but gently, on the spot. Still no ill-effects.
So I increased it day by day. Then, one day after a round of golf, I ran for five minutes.
Before that, I got my surgeon to take my pulse rate. He said it was normal, 70 plus. After five minutes, "Marvellous, 140."
After three to four minutes, back to 70-plus. Marvellous! Young man's heart, was his verdict.
If only I had known earlier, I would have been younger at heart all these past years!
My belief: Life is better short, healthy and full than long, unhealthy and dismal. We all have to die. I hope mine will be painless. As (Charles) de Gaulle said, "Never fear, even de Gaulle must die", and he did. And how lucky - heart failure during sleep.
Of course, it is preferable to die at home in one's bed - not in a motel. Just think of the embarrassment to one's children, all the gossip that the extra excitement of unaccustomed company caused a defective heart to falter.
When I was a young man, I considered the various professions that might be satisfying and fulfilling. I ruled out medicine. It was too noble. The oath of Hippocrates - to keep alive a patient as long as possible.
Sometimes, as I cast my mind back to my teenage years, I wonder, perhaps, whether I should not have been a doctor.
Never mind the nobility. It's a marvellous profession, the Hippocratic oath: Everything should be done to keep the patient alive.
Patients are kept alive longer with tremendous leaps in knowledge, breakthroughs in both medication and surgery.
And, of course, it creates more demands for services of doctors.
Like the car, so the body. When the carburettor gives way - repair or change it. When the piston rings wear out - change them. When the pistons get too small for the cylinder bore - grind-bore the engine block and put bigger pistons.
If the piston block cracks, put in a new piston block. Better still, take the whole engine out and put a brand new one.
Then door-hinges give way - change hinges, if necessary, change doors. Constantly repaint and retouch. With every passing year, it becomes more expensive to keep the car going.
So beyond a certain point - I think the third year - it becomes more economical to sell the car and replace it.
Now, in America, the economics have been worked out one stage further: Don't buy a car, lease it for two years.
If only one could do that with life! There is no point in owning a decrepit body with daily deterioration making it ever more expensive to stay alive. But you cannot change the human body. So it is good for doctors.
Your heart timing is wrong, they put in a timing device.
Then something else, like the kidney, gives way, in which case a kidney machine will keep the patient alive for years and years. But for what purpose?
Then transplants, just like spare parts in cars, and cortisones to prevent rejection of transplants, and sterile conditions to avoid infection, which with cortisones will be hard to detect.
It is a marvellous never-ending process. Each discovery prolongs life and moves the degenerative failure to some other part of the body.
The medical profession is the biggest and best trade union of all unions. It is a closed shop in all countries, and in some countries, even when you cross state boundaries, they make you become an intern or a houseman for many years before you are allowed to practise on your own.
Every breakthrough in medical science prolonging life creates more patients, as degenerative failures take place in some other part of the human physiology. And now geriatrics and gerontology have become respectable, but not yet lucrative branches of medicine because pensioners get poorer with galloping inflation in so many Western countries. So knowing this, the medical profession now promises, or holds out the prospect, not only of prolonging life but also of prolonging youth. This is an entirely different proposition. That means the man or the woman can work and make the money to pay his medical bills, which his pension cannot afford him to do.
Tonight, I have a unique occasion of some 500 heart specialists as a captive audience.
Can I say that the kindest thing you can do for me - if ever I have a partial cardiac failure or a stroke - is to let me die as painlessly as possible.
Nothing is more pitiful than to have stroke after stroke after stroke, with each one, both physical movement and intellectual capacity reduced until one becomes a vegetable.
One evening at dinner last year, I had a morbid discussion over coffee. My guest had coffee and liqueur. I stuck to my wine.
We discussed the right to die - euthanasia.
He was a very high-powered American executive. He had thought the whole question through.
He said: "But after the first stroke, and when the time has come to make the decision, one finds life is still sweet. And you will not make the request to die."
I said: "In that case, make the request before the event."
He said: "You will withdraw it when the event occurs, or you may not be in fit mental condition to exercise your judgment."
I countered: "In that case, let the decision be taken by a close relative or a friend." He said: "A close relative? God forbid, he is after your money! He may believe he is in your will."
I said: "Then a friend." He said: "He may be such a good friend that he believes, despite the fact that you are only 30 per cent of what you were, it is still worth giving you that 30 per cent and he will keep you alive."
There will never be a final solution to the problem of life and death, other than death itself.
And whether it is philosophy or logic or medicine or morality or law, we are all human beings with human imperfections, both as individuals and as societies.
And Singapore is an imperfect society.
But I hope, despite all the imperfections, you have found some pleasure in having come here.

Foreign dignitaries attend state funeral - LKY Final Journey State Funeral

Foreign dignitaries attend state funeral - LKY Final Journey State Funeral


Many heads of state or government from other Asean countries and close partners were present at the University Cultural Centre yesterday. These included (top row, from left) Bhutan Queen Jetsun Pema Wangchuck, Bhutan King Jigme Khesar Namgyel Wangchuck, Malaysia's Yang di-Pertuan Agong Tuanku Abdul Halim Mu'adzam Shah, Brunei's Sultan Hassanal Bolkiah, (front row, from left) Kazakhstan Prime Minister Karim Massimov, Japanese Prime Minister Shinzo Abe, Indian Prime Minister Narendra Modi, Cambodian Prime Minister Hun Sen, Australian Prime Minister Tony Abbott, and former US president Bill Clinton. -- PHOTO: STEPHANIE YEOW

Many heads of state or government from other Asean countries and close partners were present at the University Cultural 

Centre yesterday. These included (top row, from left) Bhutan Queen Jetsun Pema Wangchuck, Bhutan King Jigme Khesar 

Namgyel Wangchuck, Malaysia's Yang di-Pertuan Agong Tuanku Abdul Halim Mu'adzam Shah, Brunei's Sultan Hassanal 

Bolkiah, (front row, from left) Kazakhstan Prime Minister Karim Massimov, Japanese Prime Minister Shinzo Abe, Indian 

Prime Minister Narendra Modi, Cambodian Prime Minister Hun Sen, Australian Prime Minister Tony Abbott, and former 

US president Bill Clinton. -- PHOTO: STEPHANIE YEOW

Dignitaries who attended the state funeral yesterday included former US Secretary of State Henry Kissinger (above), Indonesian President Joko Widodo and his wife Iriana, Myanmar's President Thein Sein, South Korean President Park Geun Hye and Israeli President Reuven Rivlin. -- ST PHOTO: CAROLINE CHIA

Dignitaries who attended the state funeral yesterday included former US Secretary of State Henry Kissinger (above), 

Indonesian President Joko Widodo and his wife Iriana, Myanmar's President Thein Sein, South Korean President Park 

Geun Hye and Israeli President Reuven Rivlin. -- ST PHOTO: CAROLINE CHIA 


Dignitaries who attended the state funeral yesterday included former US Secretary of State Henry Kissinger, Indonesian President Joko Widodo and his wife Iriana (above), Myanmar's President Thein Sein, South Korean President Park Geun Hye and Israeli President Reuven Rivlin. -- ST PHOTO: CAROLINE CHIA

Dignitaries who attended the state funeral yesterday included former US Secretary of State Henry Kissinger (above), 

Indonesian President Joko Widodo and his wife Iriana, Myanmar's President Thein Sein, South Korean President Park 

Geun Hye and Israeli President Reuven Rivlin. -- ST PHOTO: CAROLINE CHIA 

Dignitaries who attended the state funeral yesterday included former US Secretary of State Henry Kissinger, Indonesian President Joko Widodo and his wife Iriana, Myanmar's President Thein Sein (above), South Korean President Park Geun Hye and Israeli President Reuven Rivlin. -- ST PHOTO: CAROLINE CHIA

Dignitaries who attended the state funeral yesterday included former US Secretary of State Henry Kissinger (above), 

Indonesian President Joko Widodo and his wife Iriana, Myanmar's President Thein Sein, South Korean President Park 

Geun Hye and Israeli President Reuven Rivlin. -- ST PHOTO: CAROLINE CHIA 


Dignitaries who attended the state funeral yesterday included former US Secretary of State Henry Kissinger, Indonesian President Joko Widodo and his wife Iriana, Myanmar's President Thein Sein, South Korean President Park Geun Hye (above) and Israeli President Reuven Rivlin. -- ST PHOTO: CAROLINE CHIA

Dignitaries who attended the state funeral yesterday included former US Secretary of State Henry Kissinger (above), 

Indonesian President Joko Widodo and his wife Iriana, Myanmar's President Thein Sein, South Korean President Park 

Geun Hye and Israeli President Reuven Rivlin. -- ST PHOTO: CAROLINE CHIA

Dignitaries who attended the state funeral yesterday included former US Secretary of State Henry Kissinger, Indonesian President Joko Widodo and his wife Iriana, Myanmar's President Thein Sein, South Korean President Park Geun Hye and Israeli President Reuven Rivlin (above). -- ST PHOTO: CAROLINE

Dignitaries who attended the state funeral yesterday included former US Secretary of State Henry Kissinger (above), 

Indonesian President Joko Widodo and his wife Iriana, Myanmar's President Thein Sein, South Korean President Park 


Geun Hye and Israeli President Reuven Rivlin. -- ST PHOTO: CAROLINE CHIA

LEADERS from 23 countries attended the state funeral of founding Prime Minister Lee Kuan Yew yesterday, in a testament to the deep regard many had for his achievements and his insights.

Gathered at the University Cultural Centre were heads of state or government from the other Asean countries and close partners.

They were Malaysia's Yang di-Pertuan Agong Tuanku Abdul Halim Mu'adzam Shah, Brunei's Sultan Hassanal Bolkiah, Indonesian President Joko Widodo, Cambodian Prime Minister Hun Sen, Laos' Prime Minister Thongsing Thammavong, Myanmar's President Thein Sein, Thai Prime Minister Prayut Chan-o-cha and Vietnam's Prime Minister Nguyen Tan Dung. Philippine Senate president Franklin Drilon represented President Benigno Aquino.

Australian Prime Minister Tony Abbott, Bhutan King Jigme Khesar Namgyel Wangchuck, Canada's Governor-General David Johnston, Indian Prime Minister Narendra Modi, and Israeli President Reuven Rivlin were also present.

Japanese Prime Minister Shinzo Abe, Kazakhstan Prime Minister Karim Massimov, New Zealand Governor-General Jerry Mateparae, South Korean President Park Geun Hye and Qatar Emir Sheikh Tamim bin Hamad Al Thani also attended the funeral.

Chinese Vice-President Li Yuanchao, former United States president Bill Clinton, British Foreign Secretary William Hague and Russia's First Deputy Prime Minister Igor Shuvalov were also there.

In his eulogy, Prime Minister Lee Hsien Loong said his father had raised Singapore's standing in the world.

"Mr Lee was not just a perceptive observer of world affairs, but a statesman who articulated Singapore's international interests and enlarged our strategic space," he said. He added that at crucial turning points, "his views and counsel influenced thinking and decisions in many capitals".

In the process, Mr Lee "built up a wide network of friends and acquaintances, in and out of power".

He knew every Chinese leader from Mao Zedong, and every US president from Lyndon Johnson. He established close rapport with President Suharto of Indonesia.

Other close friends, PM Lee said, included former British premier Margaret Thatcher, Mr Clinton, and former US Secretary of State Henry Kissinger, who was also at the funeral service.

"They valued his candour and insight. As Mrs Thatcher said, '(Mr Lee) had a way of penetrating the fog of propaganda and expressing, with unique clarity, the issues of our times and the way to tackle them. He was never wrong.'

"Hence, despite being small, Singapore's voice is heard, and we enjoy far more influence on the world stage than we have any reason to expect," PM Lee added.

Mr Modi earlier told reporters that Mr Lee "was among the tallest leaders of our times".

"Singapore's transformation in one generation is a tribute to his leadership... I am sure that he left satisfied with Singapore's achievements and confident about its future," he said.

"He inspired not just South-east Asia, but all of Asia, to believe in its own destiny."

Mr Modi described Mr Lee as a source of inspiration, whose "achievements and thoughts give me confidence in the possibility of India's own transformation".

Bhutan's King said: "His legacy will live on forever (not just) through Singaporeans, but all over the world. People such as myself, young people who have great admiration for Lee Kuan Yew, will continue to remember him with great respect."

Mr Clinton added that he appreciated Mr Lee's insights and candour: "Because Singapore had been friendly to the US and was friendly to the forces of reform in China, we were all able to have an informal relationship and just talk things through, and I think that's the way.

"People can deal with differences as long as everybody is on the level. Lee Kuan Yew was on the level. Whatever the deal was, that's what he would say. It was a gift, not just to the people of Singapore, but to the rest of the world."

The Straits Times / Top of The News           Published on Tuesday, 31 March 2015

By Rachael Au-Yong                                    rachelay@sph.com.sg

Foreign dignitaries attend state funeral - LKY Final Journey State Funeral




Political leaders share reflections on Mr Lee's legacy - LKY Final Journey State Funeral

Political leaders share reflections on Mr Lee's legacy - LKY Final Journey State Funeral





Prime Minister Lee Hsien Loong changed his previously sombre profile picture to one of him gazing at the Kallang River. -- 

PHOTO: FACEBOOK PAGE OF LEE HSIEN LOONG 




THE day after the funeral of Singapore's first Prime Minister Lee Kuan Yew, political leaders spent time reflecting on his legacy, with many sharing their thoughts online.

Prime Minister Lee Hsien Loong changed his previously sombre profile picture to one of him gazing at the Kallang River, with a group of people kayaking on the blue waters.

"Back in the 1970s, the Singapore River and Kallang River were badly polluted. My father challenged the Ministry of Environment to clean them up in 10 years," he wrote.

"They did. Today, the Kallang Basin is not just a water catchment area, but also a beautiful area for water sports."

signupalreadymember
He also posted a photo of colourful bougainvillea in bloom at home, adding that Mr Lee was passionate about making Singapore a garden city, a legacy that would be continued.

Many ministers focused on the next step forward for Singapore.

Labour chief Lim Swee Say wrote that Mr Lee "will forever live with us in our hearts". "Let us all move forward together in unity and face the future with confidence."

Mr Lim, who is also Minister in the Prime Minister's Office, said the best way to thank Mr Lee was to keep improving Singapore for future generations.

Others chose to let pictures speak for them, with a number of MPs returning colour to their profile and cover photos.

Mr S. Iswaran, Second Minister for Home Affairs, posted a photograph of his residents at last year's Tree Planting Day, alluding to one of Mr Lee's enduring legacies of the greening of Singapore, which he started in 1963.

Minister for Social and Family Development Chan Chun Sing put up a photograph of blue skies over Marina Bay. "A new dawn. A new beginning to continue writing our Singapore Story," he wrote.

The Marina Barrage was a 20-year dream of Mr Lee to turn the Marina Channel into a water catchment area and a symbol of his lifelong obsession with Singapore's water security.

Opposition politicians also looked ahead, with SingFirst party chairman Ang Yong Guan thanking Mr Lee for putting Singapore on the world map.

"Many of us Singaporeans will continue to strive for the open society which you once spoke of in 1964," he said, quoting a speech Mr Lee made in the Malaysian Parliament in which he argued for "the principle of the open society, the open debate, ideas, not intimidation, persuasion not coercion".

Former National Solidarity Party council member Ravi Philemon wrote about the next election.

"It will be interesting to watch who from PAP would lead that constituency in the next election," he said, noting that the last electoral contest in Tanjong Pagar was 27 years ago, in 1988. "He/she could very well be the next PM of Singapore."

The Straits Times / Top of The News       Published on Tuesday, 31 March 2015

By Lim Yan Liang                                     yanliang@sph.com.sg

Political leaders share reflections on Mr Lee's legacy - LKY Final Journey State Funeral

Tribute cards headed for library archives - LKY Final Journey State Funeral

Tribute cards headed for library archives - LKY Final Journey State Funeral

A selection from Istana site is being exhibited at National Museum



Flowers and cards left at the Tanjong Pagar tribute site by people who paid their last respects to Mr Lee Kuan Yew last 

week. The gifts left by bereft Singaporeans who thronged the 18 tribute sites across the island filled hundreds of large 

boxes, volunteers said. -- ST PHOTO: DESMOND LIM 



THE hundreds of thousands of cards that Singaporeans have written on the death of founding Prime Minister Lee Kuan Yew in the past week of national mourning will be sent to the National Library Board to be archived.

A selection of the cards collected from the Istana tribute site will be exhibited at the National Museum of Singapore starting today, said a spokesman for the National Heritage Board.

Meanwhile, the gifts - from handmade cards and posters to knick-knacks and craftwork - have been boxed up and will be delivered to Prime Minister Lee Hsien Loong and his family.

On Sunday, immediately after the 18 tribute sites across the island were closed at 6pm, People's Association (PA) staff and volunteers started sorting and packing the memorabilia left by people who paid their last respects.

Mr Lee Kuan Yew, who was Prime Minister from 1959 to 1990, died on March 23, aged 91.

The gifts left by bereft Singaporeans who thronged the tribute sites filled hundreds of large boxes, volunteers said.

At the Tampines tribute site, handmade posters left by students from nearby schools formed a stack 2m tall.

About 1,000 condolence books were filled up all together at sites across the island.

At Tanjong Pagar, Mr Lee's lifelong political base, 80 volunteers at the community club worked until 11.30pm on Sunday to return things to normal.

The big clean-up marked the end of an unprecedented period of national mourning that those working behind the scenes at the tribute centres said will stay with them forever.

In all, 1.2 million people went to the 18 sites over the week. The Tanjong Pagar and Ang Mo Kio centres had the most visitors.

Last Friday night, when the line to file past Mr Lee's casket at Parliament House was temporarily suspended for safety reasons, the crowds at the Tanjong Pagar tribute site swelled by five times.

PA group constituency director Tang Chi Ming, 43, recalled that "when we pressed the panic button, 50 more volunteers came to help out within an hour".

Volunteers stood ready across the island. At Sengkang, warehouse supervisor Johnson Ong, 57, ushered the crowds last Saturday night even though he was on medical leave for heart surgery last month.

The volunteers needed to be focused and efficient so that Singaporeans could grieve, said Tampines Central grassroots leader Alvin Yeo, 31, a teacher.

"I thought to myself that if I was going to help, I could not be distraught," he said.

Ms Rita Zuhaida, 28, a PA constituency manager in East Coast, said: "It was a call of duty, so I focused on getting things done and making sure people had a good experience in our centre."

As Mr Tang had to keep the Tanjong Pagar tribute centre running, he could not go to Parliament House, where Mr Lee's body lay in state. "I told myself that what I was doing was also a form of paying respect. If I did it well, more people would get to pay their respects to Mr Lee."

Straits Times / Top of The News                    Published on Tuesday, 31 March 2015

By Rachel Chang And Tham Yuen-C, Assistant Political Editors 

rchang@sph.com.sg                yuenc@sph.com.sg

Tribute cards headed for library archives - LKY Final Journey State Funeral
                            







New government bond offers rising rates


New government bond offers rising rates


The new bonds, which will be issued monthly, likely starting in the second half of the year, aim to provide a long-term, low-cost savings option that offers safe returns, said the Monetary Authority of Singapore yesterday





A new government bond on the way offers investors two unusual benefits - steadily rising interest rates and the ability to cash out early without penalty.
Normally, bonds have a fixed interest rate and investors can find themselves out of pocket if they redeem them early and the market price is less than their initial price.
The new product - the Singapore Savings Bonds - is taking a different approach.
Its interest rate will be linked to the long-term Singapore Government Securities (SGS) rates. But unlike SGS bonds, which pay the same interest rates every year, the new product will start with smaller interest rates that will keep rising the longer you hold on to the bond.
The bond will have a term of 10 years. This means if you hold on to it for the full 10 years, you will earn the same amount that the 10-year SGS would have paid. But if you cash out early, your returns will be lower. Still, there will be no penalty, and investors will receive their initial outlay with the accrued interest.
The 10-year SGS has mostly yielded between 2 per cent and 3 per cent over the past 10 years.
The new bonds, which will be issued monthly, likely starting in the second half of the year, aim to provide a long-term, low-cost savings option that offers safe returns, said the Monetary Authority of Singapore yesterday.
They are targeted at retail investors with a minimum investment of just $500, with additional multiples of $500 up to a cap to be announced later.
The bonds cannot be traded on the open market.
Securities Investors Association of Singapore chief executive and president David Gerald said the bonds "provide Singaporeans with a government-guaranteed savings product that has a return that is above the inflation rate and which is also capital guaranteed".
Experts added that fixed deposits are for shorter terms - one year, for example - compared with bonds. Mr Jeremy Soo, head of DBS Bank's Singapore consumer banking group, said would-be bond investors who have been deterred by the traditionally high minimum investment amount - $250,000 in many cases - may find the Singapore Savings Bonds to be "an ideal addition to their investment portfolio".
By Chia Yan Min And Wong Wei Han - The Straits Times
Published on Mar 31, 2015 6:48 AM

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My Tribute to Mr Lee Kuan Yew - Remembering Lee Kuan Yew - The world should know his stories, his contribution and his final journey - The Legend - He will be in the heart of every Singaporean 


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