Known worldwide as a top business, banking, and investment destination, Singapore has sustained its stellar international reputation for decades: It ranked 2nd out of 190 economies surveyed on the World Bank’s Doing Business 2020 Survey, with the bank reporting it is among the top five countries globally in categories including “starting a business,” “dealing with construction permits,” “protecting minority investors,” and “enforcing contracts.” Like the rest of the world, Singapore is facing unprecedented economic challenges; the coronavirus holds the potential to completely remake markets, economies, and societies. But Chng Kai Fong, Managing Director of Singapore’s Economic Development Board (EDB), stressed the importance of focusing on Singapore’s post-coronavirus future, as well as the opportunities presented by the current crisis.
“Our first priority of course is to manage the situation at the…