Singapore set to be hit by global energy crisis as it unveils countermeasures

Singapore set to be hit by global energy crisis as it unveils countermeasures

Singapore’s economy will inevitably be hit by the global energy crunch even though it is in a better position to deal with the crisis compared with its neighbours, according to analysts, as the city state unveiled a raft of measures to help households and businesses. The conflict in the Middle East has roiled supply chains and sent fuel prices soaring in Southeast Asia, with governments scrambling to enforce measures such as fuel caps and work-from-home mandates. Singapore ministers in...

By Kolette Lim,Jean Iau