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We must resist these pressures. A less linked world indicates a poorer world and fewer opportunities for all. A less linked Singapore suggests less and poorer-quality jobs for us. Even in a more protectionist, less connected world, we can still make a living and more. We can develop capabilities to play critical functions in global supply chains to produce high-quality products and services that others worth.

Our resilience originates from building networks, and diversifying our supply sources and markets. We will never ever be able to have everything we would perhaps require, for the next crisis. Indeed, when lockdowns began across the world three months earlier, numerous of our supply chains were interrupted, if not broken. More Discussion Posted Here goes to the resourcefulness and tenacity of our people for keeping us going.

Individuals from PSA, SIA (Singapore Airlines), Sats, ST Logistics, NTUC, Sheng Siong and numerous more. Without all these unrecognized heroes, we would not have actually had the ability to live our lives as generally as we performed in the last few months. Thank you all! Another intangible strength is trust. Singapore is trusted internationally.

We did not enforce export restrictions or nationalise foreign investments. We kept our production lines open for worldwide supply chains, consisting of important products for surgical masks. We dealt with business to increase their production, so that we might satisfy Singapore's and the world's needs, and we facilitated the continued circulation of essential products and people through our ports and airports.

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Organizations have actually seen. When they make their next financial investments to diversify their worldwide production bases, we will be in the running. Simply as how we did not limit exports during the 1970s oil crises - that boosted our trustworthiness later to develop Jurong Island as a worldwide petrochemical center. Our investors have actually stood by us through this hard period.

We will work carefully with you to get rid of the challenges together. We will keep faith with you, as you have with us. We will work to remain gotten in touch with the world, even as the world threatens to piece and regress towards protectionism. In spite of our size, we can reveal the method, if we have good ideas.