SINGAPORE (Jan 11): The headwinds of geopolitical stresses, market turbulence and policy uncertainties in the major global economies are no friend to small, open and trade-­dependent Singapore.

Apart from finding new economic growth drivers, Singapore also faces growing socio-economic issues at home. For one, it has a rapidly ageing population, which has implications for its housing and healthcare policies.

For instance, average inpatient bills in the private sector have risen 9% a year between 2007-2017. In public restructured hospitals, where healthcare costs are regulated, bills at an ‘A’ Class ward went up 4.9% annually over the same period.

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