Tag: economic fallout from Covid-19

Ending over-reliance on cheap foreign labour, a key issue in the rethinking of Singapore’s economic model

Singapore—In response to the announcement that Deputy Prime Minister and Minister for Finance Heng Swee Keat will be making a ministerial statement in Parliament on Tuesday (May 26) regarding further plans from the Government to extend assistance to businesses and individuals amid the coronavirus...

Covid-19 fallout: “You’re looking at economic devastation,” says Shanmugam

Singapore—Singapore’s Minister for Home Affairs and Law K Shanmugam said that fighting against the coronavirus will take a “very long time,” along with the  huge economic fallout that will follow. In an interview with CNBC, he said that the effects from the Covid-19 pandemic may...