“Running a government is not much different to running a company just keep your books well,” advises Singapore finance minister Richard Hu. The former Shell Singapore chairman an engineer by training has been at the helm of the republic’s finances for the past 13 years and has so far managed to avoid the worst of the region’s troubles.
But the good times are well and truly over and the government is now anxious to prepare its citizens for the sort of hardships facing many of its neighbours there is even talk of recession in the pristine streets.
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