Closures, layoffs likely to rise, but nation will pull through: PM Lee

Singapore

BUSINESS closures, retrenchments and unemployment are all likely to rise in the coming months, said Prime Minister Lee Hsien Loong on Sunday morning, but he remained confident the country will get through the current crisis.

In his National Day message, Mr Lee outlined the government's current plans to help people find jobs and acquire new skills, adding that it might take longer than in the past for Singapore to get through this crisis.