“We’ve still not caught up around the fact that we are a rich country,” the head of DBS Group Holdings, said at a conference titled Reinventing Destiny on Monday (Aug 14). “We have capital resources, how do we put it to work to create competitive advantage?”
The financial hub has over the years accumulated a large, undisclosed sum of reserves, which has been estimated at over a trillion US dollars, a figure Gupta referenced in his remarks. Still, authorities have mostly batted off calls for a greater deployment of the pile, especially for welfare payouts.