Singapore’s virus budget will challenge Hong Kong: Andy Mukherjee

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Coronavirus: Singapore Budget will be watched in rival Hong Kong. YahooFinance

-- With more than two-score coronavirus infections and the threat raised to the second-highest level of severity, Singapore may not want to leave anything to chance when the budget is unveiled next week. The city-state is building an early reputation for handling the crisis professionally. Hong Kong, which is getting brickbats for ineptitude, will take note of its arch-rival’s fiscal defense.

When SARS hit Singapore in early 2003, China, the origin of that outbreak and of the coronavirus, had been a member of the World Trade Organization for a little more than a year. The global electronics supply chain wasn’t as threatened as it is now by shutdowns and delays on the mainland. Much of today’s Singapore — the Universal Studios theme park, the indoor Gardens by the Bay, or the two casinos — didn’t exist back then. The city received 7.

That priority must change. The new goal should be to ensure that Singaporeans don’t blame the PAP, which has ruled uninterrupted since before independence in 1965, for not doing enough to shelter their lives and livelihoods.

 

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