George Yeo calls for nimble adaptation to changing economic circumstances
Singapore
ENTREPRENEURS are the ones who sense the changes on the ground, assess the risk and then act on them, and governments must enable such adjustments to changing economic circumstances, so countries can pull out of the "middle-income trap", former minister for foreign affairs George Yeo said on Wednesday.
When entrepreneurs succeed, the entire nation's productivity will be increased, for they are the proverbial canary in a mineshaft, he said at a forum titled "Asia and the Middle Income Trap".
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations
Fed’s preferred core inflation gauge rose at a brisk pace in March
Thames water crisis risks £100 billion UK investment plan
Indian central bank issues draft guidelines for web aggregators of loan products