SINGAPORE – In its efforts to contain fallout from the coronavirus outbreak, Singapore is focused not only on mitigating disruption, but also on positioning businesses here for the eventual recovery, Minister for Trade and Industry Chan Chun Sing told business leaders at the launch of The American Chamber of Commerce’s Covid-19 business impact survey on Wednesday .
“Technology has fundamentally changed supply chains in the region and beyond. Then the second wave came from US-China trade issues, and now with the disease outbreak, these three sets of forces have really added impetus to our efforts to re-examine our supply chains. “If Asean comes together, it’s a 600 million population bloc. ... How do you integrate your digital space, information and payment space to become a more attractive proposition as a 600 million population bloc, rather than 10 disparate countries doing different things at different times?” he said.
If it is a gradual U-shaped rebound, then the Government may need to put in more measures to help businesses overcome this crisis for a longer period than envisaged, he added.
Yes Sir..this we must! Our SGs osso not so kilat la... kia-soo, kia-see, kia bo-luei 😎😎😎. We must be steady Sir. Or our highly acclaimed NS training we boast so much is wasted MTI_Sg leehsienloong
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