Supporting start-ups the best way to buffer against global uncertainty

Amid economic uncertainty, the aftershocks of Brexit, the anticipation of a potential hike in United States interest rates, and the lacklustre job data report, Singapore has also had to grapple with a contraction in its manufacturing output.

But the best way to buffer against global uncertainty is to encourage venture capitalists to support emerging industries and start-ups. Treading too carefully in this respect will be a major drawback.

Sluggish growth and global turbulence have left their mark on Singapore, with investment falling, owing to the increased risk involved. But this must be overcome in the long run to safeguard the interests of the economy. It is the companies that are enterprising that will be able to withstand the effects of global headwinds.