Town council funds safe: Khaw

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December 18, 2008 Thursday

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Home > Breaking News > Singapore > Story

Dec 18, 2008

Town council funds safe: Khaw

By Aaron Low

THE People's Action Party (PAP) has assured Singaporeans the town councils it runs are in good shape financially.

Also, the $2 billion in the sinking funds of its 14 town councils manage are in good hands, said Mr Khaw Boon Wan, the PAP's first organising secretary.

Mr Khaw, the Health Minister, gave the assurance in an interview with The Straits Times on Wednesday, aimed at addressing the issues raised by the public over the investment losses of some town councils.

Read Aaron Low's full story in Friday's edition of The Straits Times.

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