Thick smog engulfing Singapore from neighbouring Indonesia's forest fires could potentially cost the economy more than the country's 1997 haze crisis
It comes at a time when Singapore's fragile manufacturing sector knocked the economy to a 1.4% quarter-on-quarter contraction in the opening three months of 2013.
Many analysts say that the situation could be worse than the 1997 haze crisis that swept across south east Asia, when slash and burn farming in Indonesia caused smoke to billow across the region causing visibility and health problems. It cost the affected countries, including Singapore, around $9bn (€6.9bn, £5.8bn). Full story
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Singapore, Malaysia face economic hit from prolonged smog - Reuters UK
