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It was the question that Lee Kuan Yew used to ask when he founded Singapore, "what makes us relevant to the world?" If you're the fifth most populous country and you're 0.4% of global GDP, something, somewhere, is deeply amiss.''
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‘’Our biggest export sector, textiles, is less than 2% of the global textile industry. That's an interruption, that's not a disruption. Getting 2% of the global industry replaced in a year or two, that's not a hard ask.
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‘’We have a 30-year window where the entire edifice of our energy construct is wrong. The entire energy edifice is built of imported fuels. That is an unsustainable business model (which is why) our business model is now being disrupted.’’
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''If you look at our history, we've been through worse. We were officially sanctioned. Today we talk about the number being just south of 3 Bn, that's higher than where we were in 1998. And, we recovered from that to get 8% growth.
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