Singapore among 'most resilient' in face of risks
Chief threat is financial market crash, which can cost US$1.3b of annual output: Lloyd's
Add BT as a preferred source
Singapore
SINGAPORE has been ranked among the world's most resilient cities in the face of 22 man-made and natural risks considered in Lloyd's City Risk Index (CRI) 2018, the insurer said in a statement on the report released today.
The biggest threat to the city-state is financial market crash, which could cost it up to US$1.3 billion of its annual economic output. This accounts for more than 40 per cent of total gross domestic product (GDP) at risk of US$3.2 billion, ranking Singapore third after Manila and Jakarta for the most GDP at risk among 13 cities in South-east Asia.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
BlackRock said to be in exclusive due diligence for Capri by Fraser China Square
‘Very low chance’ that US-Iran deal reverts energy flows to South-east Asia through Hormuz: Bloomberg Economics
Tiger Beer lines up new products as Singapore operations’ role shifts from brewing to innovation
