Speaking Of Asia: Asia faces three tsunamis and it can look to Singapore's Budget for pointers

Finance Minister Heng Swee Keat's Budget statement offers useful pointers for others in the region on meeting the challenges posed by the forces of change

A decade ago as the Global Financial Crisis raged and Mr Heng Swee Keat was managing director of the Monetary Authority of Singapore, the country's central bank, I wrote in these columns that Mr Heng performed a dual role: watchdog and watch tower for the local economy.

The watchdog kept a weather eye on what happened inside the nation's banks and businesses; the watch tower had its attention on the near and far horizons.

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A version of this article appeared in the print edition of The Straits Times on February 22, 2019, with the headline 'Asia and the three tsunamis'. Print Edition | Subscribe