Singapore needs to build a more resilient ecosystem

Changes needed: People buying vegetables at the Chinatown Food Complex and Market in Singapore. As the island-state has a small and ageing workforce, it must remain open to drawing talent from the region and around the world. — Bloomberg

SINGAPORE: With more frequent global shocks and greater economic and financial volatility expected to become a regular feature of the post-pandemic world, Singapore needs to build an even more resilient networked ecosystem, says deputy prime minister Heng Swee Keat.

The republic’s economic transformation efforts thus far have put it in a better position to deal with these shocks, enabling businesses to respond and pivot in the changing operating environment through the Covid-19 pandemic, he said.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Singapore , ecosystem , resilient , global shocks ,


Next In Business News

A-Rank to focus on maintaining cost efficiency
Level of debt a concern in China, says Moody’s
D&O shining bright on rising use of LEDs in cars
Affin appoints Fairuz as new director
Sunway redeems sukuk in advance
Uzma benefiting from current energy upcycle
Nvidia plans to help build Japan AI ecosystem
Carlsberg gets licence for Sapporo
South Korea economy grows 0.6% in 3Q
Advancecon wins RM36mil Klang contract

Others Also Read