Sent to Straits Times on 13 December 2008, but not publised.
Editor
Forum Page
Straits Times
I refer to the letter by Mr. Ho Yew Kee entitled “A mistake to overreact” (ST, 13 Dec 2008).
Mr. Ho said, “It would be imprudent for the stewards of town council funds to play it safe and place their reserves in fixed deposits or government bonds, as the returns would not even offset the inflation rate.” He also said, “Corporate bonds provided a yield of 4 to 6 percent, but the corporate have different credit ratings”.
Read full article here:
http://wayangparty.com/2008/12/16/tan-kin-lians-reply-to-ho-yew-kee/
Editor
Forum Page
Straits Times
I refer to the letter by Mr. Ho Yew Kee entitled “A mistake to overreact” (ST, 13 Dec 2008).
Mr. Ho said, “It would be imprudent for the stewards of town council funds to play it safe and place their reserves in fixed deposits or government bonds, as the returns would not even offset the inflation rate.” He also said, “Corporate bonds provided a yield of 4 to 6 percent, but the corporate have different credit ratings”.
Read full article here:
http://wayangparty.com/2008/12/16/tan-kin-lians-reply-to-ho-yew-kee/
