SANTIAGO, CHILE - The economic crisis Singapore is facing is different from what it has battled before, said Prime Minister Lee Hsien Loong, but the focus of its response is the same: To keep people in jobs.
The current crisis is a global one, unlike the 1995 recession, which encompassed the region, and the 1985 downturn, which was due mainly to Singapore's costs running out of whack vis-a-vis other developing economies.
But, as was the case before, Singapore will aim its ammunition at making sure its people are employable and the economy remains competitive.
