The pollution will hit tourism-related industries in Singapore, which make up as much as 6 percent of the economy, as well as construction, Joey Chew, an economist at Barclays Plc, said in a research note on June 20. A disruption for one week could cost the economy about $1 billion, Barclays economist Wai Ho Leong said in an e-mail on June 19. Dry weather in 1997 fed blazes that caused $4.4 billion in damages, according to the World Wide Fund for Nature. Full story
Hazardous Fire Haze Clouds Outlook for Singapore Tourism
The pollution will hit tourism-related industries in Singapore, which make up as much as 6 percent of the economy, as well as construction, Joey Chew, an economist at Barclays Plc, said in a research note on June 20. A disruption for one week could cost the economy about $1 billion, Barclays economist Wai Ho Leong said in an e-mail on June 19. Dry weather in 1997 fed blazes that caused $4.4 billion in damages, according to the World Wide Fund for Nature. Full story
