When Singapore does reopen, it won’t happen all at once, Lee said. Rather, it will reopen step by step, with critical industries and those connected to global supply chains going first. Places that draw crowds, such as entertainment outlets and large-scale sporting events, will have to wait.
(May 1): Singapore can only relax its partial lockdown measures and progressively restart its economy after the city-state brings down the number of new coronavirus cases, according to Prime Minister Lee Hsien Loong, who cautioned that things won’t ever get back to what they were before.
Lee warned “significant structural changes” to the economy are likely even after the virus abates, with some industries disrupted permanently, companies having to change their business models to survive and some jobs simply disappearing. Many workers will have to accept pay cuts so their companies can survive, he said.
