Singapore trade not significantly affected by global supply chain disruptions: MAS



Ovais Subhani | The Straits Times

SINGAPORE – Singapore’s trade flows, the life and blood of its manufacturing sector, held up relatively well amid the global and regional supply chain disruptionswrought by the pandemic, the Monetary Authority of Singapore (MAS) said on Thursday (Oct 28).

Strict Covid-related restrictions implemented mostly by some Asian countries in recent months have resulted in congestion at ports, delaying shipments and boosting freight costs worldwide.

But Singapore’s relatively resilient trade performance suggests that it has not been materially affected by the disruptions, said MAS.

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