From the Gallery

Preparing firms, workers for future even as Singapore's coffers take a beating

New: Gift this subscriber-only story to your friends and family

If there were fears that "zombie" firms would be kept alive by a drip-feed of state aid, or that certain segments of Singaporeans would be left behind in the future economy, Deputy Prime Minister Heng Swee Keat put them to rest in his ministerial statement yesterday.

There was always the risk that blanket Covid-19 support by governments around the world would merely prop up the corporate undead - especially in sectors where consumer habits have shifted for good.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's WhatsApp Channel and get the latest news and must-reads.

A version of this article appeared in the print edition of The Straits Times on October 06, 2020, with the headline Preparing firms, workers for future even as Singapore's coffers take a beating. Subscribe