Get businesses to contribute to contingency fund for future crises
Despite our sound macroeconomic foundation, Singapore's highly open economy is acutely vulnerable to contagion effects of global and regional economic crises. Ever since Independence, businesses in Singapore have relied on government fiscal policy interventions to tide them over when crises hit. The more serious the crisis -...
Cultivate new mindset to face future crises
It is time for us to take the flu or the common cold seriously. If we wake up with a cough or runny nose, we often will just pop a Panadol and carry on going to work or going to school. How many of us actually see a doctor, diligently take our medicine and rest at home? With our Singapore mindset, getting to school and getting...
Singapore should produce its own masks
Foxconn, the maker of Apple's iPhone and other consumer electronics products, is taking the unusual step to produce surgical masks, which is not its core business. Foxconn has about one million workers in mainland China. It argues that the masks are needed to protect its workers as a precautionary measure against the coronavirus....
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