Preparing firms, workers for future even as Singapore’s coffers take a beating

Senior Political Correspondent

If there were fears that “zombie” firms would be kept alive by a drip-feed of state aid, or that certain segments of Singaporeans would be left behind in the future economy, Deputy Prime Minister Heng Swee Keat put them to rest in his ministerial statement yesterday.

There was always the risk that blanket Covid-19 support by governments around the world would merely prop up the corporate undead – especially in sectors where consumer habits have shifted for good.

Please subscribe or log in to continue reading the full article. Learn more about ST PREMIUM.

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content

Sign up for our daily updates here and get the latest news delivered to your inbox.

Get The Straits Times app and receive breaking news alerts and more. Download from the Apple App Store or Google Play Store now.

0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x