Top Singapore banker urges rethink of city’s large reserves

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Top Singapore banker urges rethink of city’s large reserves
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Top S’pore banker urges city’s large reserves rethink FMTNews FMTBusiness

According to DBS chief executive officer Piyush Gupta, Singapore has yet to accept the fact that it is a wealthy nation.

“We’ve still not caught up around the fact that we are a rich country,” Gupta, the CEO of DBS Group Holdings Ltd, said at a conference titled Reinventing Destiny on Monday. “We have capital resources, how do we put it to work to create competitive advantage?”

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