Singapore—The managing director of the Monetary Authority of Singapore, Ravi Menon, warned on Monday (Oct 12) that the current pandemic may cause “deep scarring” to as much as twenty per cent of the country’s economy, with the tourism and aviation sectors expected to take serious hits. “What is going to happen to the industry when … Continue reading MAS Chief: As much as 20% of Singapore’s economy faces ‘deep scarring’ from pandemic