remembered for the real achievements made and not for the public protests, violent demonstrations or unpopular security measures that some past APEC meetings were remembered for
APEC provides as it were, general goal setting for the entire region ... It's only 21 economies, but it's more than half the world's economy and half the world's global trade and it's by far the faster growing half of the world.
Unlike some previous APEC meetings in other countries, Singapore's APEC meetings went on peacefully without security problems, mass protest and law and order problems and this was achieved without having to shut down the city centre or declare a public holiday
Hence, many seek bilateral cooperation agreements with their neighbours and form regional and international networks to work out solutions. Singapore is amongst those that have undoubtedly benefited from regional and international cooperation.
What happens if an employer who is given the Jobs Credit misuses or abuses these subsidies?
In a way, putting money back to the employers comes with the expectation that they will do what is in their best effort to reduce the need to retrench. But some businesses, in all fairness, would still need to restructure anyway. So I think we would need to look at the specifics of the case.
The challenge for them, and for government, is not very different from those who have been rendered jobless from restructuring. So it is the same thing as those where the manufacturing activity has changed and they are now retrenched. We would then have to find new ways of re-skilling them, finding them...