Facing the challenge of economic triage

THIS WEEK'S TOPIC: Should support be provided to every business equally, or should structurally unviable enterprises be allowed to fail?

Victor Mills Chief Executive Singapore International Chamber of Commerce

No government is in a position to know or predict which businesses are structurally unviable unless those businesses first declare bankruptcy or collapse for other reasons. The business of government is to govern not to run someone else's business.

Equally, no government can or should support businesses indefinitely. In four Budgets, this year the Singapore government has responded appropriately and wi…

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Sign UpVIEW ALL