Oil Supply Disruption Poses a Threat to Asian Economies

[Image from www.thecommonwealth.com]

Why should Singapore – and Asia, more broadly – care about the astonishing upheavals rippling across the Middle East and northern Africa?

While seemingly far away, there is much at stake in this troubled region. The current turmoil should be a wake-up call for Asia to realize that what happens there has a growing impact on its economies and even on security issues.

The Middle East is increasingly significant to the Singapore economy, given its growing business interests. An increasing number of Singapore companies, including SembCorp, Keppel and Hyflux, have established a presence in its markets.

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