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About: http://data.cimple.eu/news-article/f6bf5750ffd14bb2d0e8f7a6bbd054aa82b3f11449d6b4b218ddc29a Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Singapore's leader Wednesday touted the city-state as a "safe harbour" from political instability elsewhere, and said it remained an attractive destination for companies even during the coronavirus-induced global economic downturn. The affluent financial hub has long been a popular destination for international businesses to base their Asian headquarters, and is home to a large foreign population. Political instability in rival financial hub Hong Kong, including massive protests and China's imposition of a controversial security law, has prompted speculation firms may shift to Singapore. Singapore's Prime Minister Lee Hsien Loong has, however, said previously he is not trying to woo businesses from Hong Kong. Addressing parliament on Wednesday, Lee said that "all over Asia and in the world, societies are under stress, and politics is in flux". "In places where investors already have regional headquarters and projects, they are rethinking the merits of their locations, and looking for alternatives." "Companies are seeking a safe harbour, where the politics is stable, there is rule of law, the people are hardworking and united", he added. Singapore is, however, battling the economic devastation unleashed worldwide by the coronavirus, with its economy shrinking 42.9 percent in the second quarter. But despite the poor economic climate, Lee claimed many investment projects were interested in coming to Singapore. While Singapore takes "no joy" in other countries' problems, he added, "it is a fact that in a troubled world, Singapore is one of the few trusted countries that stand out." He also insisted Singapore was still welcoming of expatriates, even as officials tightened policies on hiring foreigners. Some 40 percent of Singapore's 5.7 million inhabitants are from overseas but concerns about the number of foreigners, particularly in white-collar jobs, has increased during the pandemic. But Lee said: "Even as we adjust our work pass policies, we must be careful not to give the wrong impression that we are now closing up, and no longer welcoming foreigners." mba/sr/qan
schema:headline	Singapore PM touts city-state as 'safe harbour'
schema:mentions	Master of Business Administration Prime Minister of Malaysia Unleashed (band) Robert E. Lee Asia Singapore Hong Kong Pandemic China Severe acute respiratory syndrome coronavirus 2 Wrong Impression Victoria Harbour White-collar worker Flux Lee Hsien Loong Occupational stress
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-02 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	82 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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