With supply chain disruption, Singapore gains from 'insurance premium'

Singapore

IN THE face of severe supply chain disruptions, Singapore is gaining from an insurance premium that businesses are willing to pay to ensure continuity, said Monetary Authority of Singapore (MAS) managing director Ravi Menon.

"Right now, the world is in the throes of quite serious supply chain disruptions. These are driving cost pressures and inflation in a way that we did not expect six to eight months ago. Most of it is not likely to be permanent, but while they are there, they're still a cause for concern.