Singapore's economy not beholden to any single market

As Singapore’s closest neighbour, Malaysia’s political and economic trajectory will no doubt have an impact on Singapore’s economy, said Minister for Trade and Industry Chan Chun Sing. However, he added, while Singapore will continue to pursue win-win situations with Malaysia, it would also be prudent for companies here to diversify their sources and supply chains, so that Singapore’s economy is never beholden to any single market for its products and services.

He was speaking in Parliament at the Committee-of-Supply Debates 2019 on 4 March 2019.

Singapore's economy not beholden to any single market singapore government hospital
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