Badly affected by global and internal factors

Singapore's economy is affected by the global demand. When the global demand contracts, we will feel its bad effects. This is beyond the control of our government and businessmen, so we cannot blame anybody.

However, the drop in demand affects our business sector more acutely because of our high cost. So, it is exceptionally painful. This is a bad result of our economic policies that push the rental and the cost of doing business at a high level.

http://www.channelnewsasia.com/…/singapore-s-…/2374516.html…