Change of Decision

On 25 March 2003 when Singapore was affected by SARS (Severe Accute Respiratory Syndrome), the then Minister of Manpower/Education Dr Ng Eng Hen said that Ministry of Heath has advised Ministry of Education against the closing of schools in Singapore during the SARS outbreak. It was publicaly announced. This can be verified: http://misas.nhb.gov.sg/avs/public/internetSearch/catalogueForm.jsp?command=loadUpdate&id=2003000603&total=817&searchType=1&startIndex=200&currentPageNo=21&startPageNo=21&startNoBatch=200&count=10&source=MediaCorp%20Radio

On 26 March 2003, a joint statement release by Ministry of Education and Ministry of Heath said both ministries have decided to close all schools from 27 March 2003 to 6 Apr 2003. This can be verified: http://www.moe.gov.sg/media/press/2003/pr20030326.htm

On 15 October 2008, during the financial crisis, Mr Tharman Shanmugaratnam said that Singapore's central bank does not need to follow other Asian Central banks in providing guarantees for deposits. This can be verified : http://938live.sg/portal/site/938Live/menuitem.43735da1634c4377d21b2910618000a0/?vgnextoid=476e1e8957ffc110VgnVCM1000001f0aa8c0RCRD&vgnextchannel=18d2638896593110VgnVCM100000e101000aRCRD&mcParam=18d2638896593110VgnVCM100000e101000aRCRD

On 16 October 2008, Monetary Authority of Singapore issued a press release that The Singapore Government has decided to guarantee all Singapore Dollar and foreign currency deposits of individual and non-bank customers in banks, finance companies and merchant banks licensed by the MAS. This can be verified: http://www.mas.gov.sg/news_room/press_releases/2008/MOF_and_MAS_Joint_Press_Statement.html