23 Jan '12, 4am

S'pore well positioned to cope with global slowdown: President Tony Tan

SINGAPORE: President Tony Tan Keng Yam said Singapore is well positioned to cope with the global slowdown. This is because it has an educated and well-skilled workforce and one of the most business-friendly environments in the world. He said unlike countries with high sovereign debt, fiscal prudence over the years has enabled Singapore to build up its reserves, providing the government with the resources to intervene when necessary to support businesses and homes. Dr Tan was speaking at the Singapore Chinese Chamber of Commerce and Industry's (SCCCI) annual Lunar New Year celebrations on Monday morning. He said even as Singapore braced itself for leaner growth over the next couple of years, the country and people can face the future with confidence. This is provided everyone presses on with efforts to upgrade, raise competitiveness and emerge stronger when the external env...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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