Rewriting their playbook

Big plans: A general view shows the financial business district in Singapore. The city-state has created a 2030 roadmap to become a regional hub for carbon trading and green finance. — AFP

SINGAPORE: The triple shock of the pandemic, disruptive tech and climate change is pushing Singapore to rewrite one of the world’s most successful economic models.

Over the past two years, at least eight state-linked companies have announced major mergers, acquisitions, asset disposals or privatisations in the island’s biggest industrial overhaul in two decades.