US firms can help Asia-Pacific face challenges: Heng

Singapore

FIRMS from the US can play a constructive role in helping the Asia-Pacific region face challenges such as Covid-19, US-China relations, and rising global debt, said Deputy Prime Minister Heng Swee Keat in his keynote speech at the AmChams of Asia Pacific Business Summit on Tuesday.

At the hybrid event, with 28 AmChams (American Chambers of Commerce) from the region, Mr Heng said that while global recovery from the pandemic is likely to be long-drawn and uneven, he shares the International Monetary Fund's (IMF) view that over the next two years, the Asia-Pacific is expected to rebound faster than the rest of the world.