The critical situation, following the Covid 19 in many countries, shows the governments capabilities to react. This era is a venue for big businesses to act as effective as possible.
Singapore, a land for many leading companies which has retained its business stability during global hard times, has supported the country with over $73 billion in stimulus.
The greatest factors in improvement of Singapore’s GDP include business services, manufacturers, retailers, and financial industries.
Although the country suffered a new recession ever after 2009, multinational companies have created opportunities ahead.
An example is Manufacturer 3M which made over 800 million respirators to send across the world, even though border closing resulted in disruption in production. The business flourished soon in the country.
Additionally, the financial services have helped many businesses to go on working despite the lockdown.