Economic uncertainty: Pedestrians cross a street in the Chinatown district. The Monetary Authority of Singapore has reduced the pace of the local currency’s trade-weighted appreciation in its second such move in 2025 to support economic growth. — AFP
SINGAPORE: Five ministers and three leaders from the labour movement as well as business and employer groups will lead the new Singapore Economic Resilience Taskforce to help local businesses and workers navigate uncertainties sparked by the sweeping tariffs recently imposed by the United States.
The task force, chaired by Deputy Prime Minister and for Trade and Industry Minister Gan Kim Yong, held its first meeting on April 16.
