As inventories pile up, they scaled down operations in Singapore. Now it's almost instantaneous. We've just got to accept this. We are part of this globalised economy. Without international trade and investments, causing the movement of goods, people and services, Singapore would have remained a fishing village.
Every technological advance brings both an opportunity and a threat.
We need to be alert and nimble to adjust to the changing environment. If we lose that capacity to adapt to a changing world, we will be side-lined. We are price takers, not price givers. We know what we have to do here. It's axiomatic that the new economy is about risk-taking.