Singapore – pluses and minuses ahead

Singapore like everywhere else is in a panic over the economic hit from the virus. Tourism, international trade, travel, construction and offshore engineering sectors (migrant workers) are all experiencing a sharp downturn. But there are also areas of expansion – in electronics and precision engineering, biomedical manufacturing as well as finance and insurance, with a strong demand for digital payment processing services, as well as IT and digital solutions. So not all negative. &nbs