“It all appeared that after a difficult two years in the Covid-19 frying pan, we would get a breather. Are we getting a breather?” asks Tan.
Times are tough. Period. Just when the world was reaching the light at the end of the tunnel, another tunnel has appeared and again the light seems far away. The Covid-19 pandemic is almost history, but the world is smack in the middle of an ongoing war between Russia and Ukraine, as well as tensions brewing between China and Taiwan.
“It might seem now that we’re jumping from a hot pandemic, to a hot war, hot prices and a hotter planet. The hot pandemic and the hot war have led to hotter prices,” says Alvin Tan, Minister Of State (Trade And Industry) and Monetary Authority of Singapore (MAS) board member at the Maybank Invest Asean 2022 conference on June 8.
