SUBSCRIBERS

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

Published Tue, Jun 5, 2018 · 09:50 PM

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.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes