Looking Forward to a Post Pandemic World
The Singapore Budget Webinar 2021, jointly organized by Complete Corporate Services (“CCS”) and Moore Stephens LLP was successfully concluded on 23 February 2021. Prominent guest speakers included Mr. James Cheo (Chief Investment Officer, South East Asia, Private Banking and Wealth Management, HSBC) and Mr. Song Seng Wun (Director and Economist at CIMB Private Banking).
The Year 2020 proved to be a year where Singapore showcased its unity, resilience, and fortitude in view of the challenges presented by Covid-19. Despite the raging Covid-19 cases worldwide, Singapore managed to keep its Covid-19 cases under control and successfully, but cautiously, reopened its economy. While the Singapore GDP contracted (by 5.4%) in 2020, Singapore had reacted with various decisive monetary, fiscal, and transitional measures, and in doing so, was able to avert a worse recession, and protect the jobs and livelihoods of Singaporeans…
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