Economics
Singapore Faces Bigger Contraction as Malaysia Shuts Borders
- Hundreds of thousands of Malaysians enter Singapore every day
- Government to help companies find solutions for key workers
This article is for subscribers only.
Malaysia’s lockdown is the latest threat to a Singapore economy already reeling from the coronavirus outbreak.
The city state relies heavily on its neighbor’s workers and food, and Malaysia’s move Monday night to ban all visitors and prevent residents from traveling overseas for about two weeks will choke off a key labor channel.