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Submission: On May 09 via manual from GB — Scanned from GB
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× Hello, your email is unverified. Please confirm for access to all your SPH accounts. RESEND VERIFICATION EMAIL Skip to main content Government & Economy * * * BT Luxe * Feature * F&B * Design * Style * Beauty / Wellness * Arts * Travel * ALL NEWS * Asean Business * Awards * Banking & Finance * Brunch * Companies & Markets * Consumer * Dining Out * Energy & Commodities * ESG * Focus * Garage * Global Enterprise * Government & Economy * Infographics * Leadership & Management * Life & Culture * Magazines * Opinion * Podcasts * Real Estate * SGSME * Stocks * Taking Heart * Technology * Transport * Videos * Wealth * Wealth & Investing * BREAKING * LIFESTYLE * Arts * BT Luxe * Design * F&B * Feature * Movies * Style * Travel * Wellness * OPINION * PODCASTS * E-PAPER * BRANDED * * SUBSCRIBE * LOG IN * * * NEWS * LIFESTYLE * Breaking * Top Stories * E-Paper SECTIONS * Asean Business * Awards * Banking & Finance * Brunch * Companies & Markets * Consumer * Dining Out * Energy & Commodities * ESG * Focus * Garage * Global Enterprise * Government & Economy * Infographics * Leadership & Management * Life & Culture * Magazines * Opinion * Podcasts * Real Estate * SGSME * Stocks * Taking Heart * Technology * Transport * Videos * Wealth * Wealth & Investing * Feature * BT Luxe SECTIONS * Arts * BT Luxe * Design * F&B * Feature * Movies * Style * Travel * Wellness Facebook Twitter Whatsapp LinkedIn Telegram Email * SUBSCRIBE * LOG IN YOU ARE HERE Home > Government & Economy SHANGHAI PORT LOCKDOWNS NOT EXPECTED TO HIT SINGAPORE’S SUPPLY OF ESSENTIAL ITEMS: LOW YEN LING Mon, May 09, 2022 - 2:07 PM UPDATED Mon, May 09, 2022 - 2:07 PM Tessa Ohtessaoh@sph.com.sg@TessaOhBT The Chinese cities which Singapore imports most of its food supplies from are not currently classified as high-risk ones, Minister of State for Trade and Industry Low Yen Ling said in Parliament. GOV.SG SHANGHAI’S Covid-19 port lockdowns are not expected to significantly impact Singapore’s supplies of essential food and healthcare items, while manufacturers here are also coping with delayed supplies so far, said Minister of State for Trade and Industry Low Yen Ling in Parliament on Monday (May 9). Singapore’s reliance on China for essential supplies is “relatively low” and the Chinese cities from which Singapore imports most of its food supplies are not currently classified as high-risk ones, said Low. The government will continue to adopt a “multi-pronged approach” of import diversification, local production and stock piling to minimise supply shocks, she added. Low was responding to a question from Workers’ Party Member of Parliament (MP) He Ting Ru on the impact of China’s lockdowns on supply chains and rising prices in Singapore. Low noted that cargo is still able to leave from the Shanghai port, and where necessary, is also being re-directed to other ports in China or other transport modes such as air. The degree to which industries will feel the impact of supply chain disruptions will vary based on their dependence on imported supplies from China and their contingency planning, she added. SEE ALSO CHINA’S APRIL EXPORTS SLOW, IMPORTS UNCHANGED AMID EXPANDING VIRUS CURBS STAY UPDATED WITH BT NEWSLETTERS Sign up By signing up, you agree to our Privacy Policy and Terms and Conditions. Your feedback is important to us Tell us what you think. Email us at btuserfeedback@sph.com.sg Singapore’s key imports from China are electronics, machinery and metals from China – primarily intermediate goods needed by companies in the manufacturing and construction. “Based on feedback from companies in these sectors, we understand that most of them have been able to cope with the delays in shipments from China thus far,” said Low. But the ongoing movement curbs have further strained supply chains – already under stress due to Russia’s war in Ukraine – and may thus exacerbate global inflationary pressures in the near-term, she noted. “How this plays out over the longer term will depend on the scale and extent of the lockdowns and their impact on China’s economy”. She reiterated that the government has extended help to businesses and lower-income households – helping the former with cashflow needs and the latter through ComCare – and will continue to monitor the situation closely. READ MORE * Shanghai tightens lockdown to hit zero-Covid goal by late May * Securing Singapore’s supply chain for the future * MAS could further tighten monetary policy in October despite April's double tightening * China * covid-19 * ministry of trade & industry * supply chain BT is now on Telegram! For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes GOVERNMENT & ECONOMY INDONESIA’S APRIL INFLATION AT HIGHEST SINCE 2017 MUSK’S TWEET ON JAPAN DOOMED BY LOW BIRTHRATE PROVOKES ANGER – BUT NOT JUST AT HIM CHINA’S APRIL EXPORTS SLOW, IMPORTS UNCHANGED AMID EXPANDING VIRUS CURBS CHINA SAYS IT CONDUCTED EXERCISES NEAR TAIWAN ECB SHOULD RAISE RATES AS SOON AS JULY: FINLAND BANK CHIEF AS UKRAINE WAR RAGES, BIDEN TEAM REVIVES ASIA FOCUS BREAKING NEWS 01:41 PM May 9, 2022 01:41 PM Government & Economy INDONESIA’S APRIL INFLATION AT HIGHEST SINCE 2017 INDONESIA’S consumer price index in April rose 3.47 per cent from a year earlier, official data showed on Monday,... UPDATED 27 mins ago 01:34 PM May 9, 2022 01:34 PM Government & Economy MUSK’S TWEET ON JAPAN DOOMED BY LOW BIRTHRATE PROVOKES ANGER – BUT NOT JUST AT HIM AN ELON Musk tweet saying Japan would “eventually cease to exist” without a higher birthrate set off a flood of... UPDATED 33 mins ago 01:34 PM May 9, 2022 01:34 PM Companies & Markets BROKERS' TAKE: SAC CAPITAL INITIATES 'BUY' ON UNDERVALUED KIWIFRUIT PRODUCER SHENSHAN SAC Capital on Monday (May 9) initiated coverage on mainboard-listed China Shenshan Orchard Holdings with a “buy”... Vivienne Tay 01:08 PM May 9, 2022 01:08 PM Garage COMPANIES ENVISION TAXIS FLYING ABOVE JAMMED TRAFFIC AS urban traffic gets more miserable, entrepreneurs are looking to a future in which commuters hop into “air taxis”... 01:01 PM May 9, 2022 01:01 PM Opinion GOOD CORPORATE GOVERNANCE IS ABOUT ACHIEVING THE RIGHT BLEND SUBSCRIBERS MUCH of what constitutes good corporate governance involves issues that are not new. Proper and timely disclosure... David Gerald RECOMMENDED FOR YOU ASIA: STOCKS TUMBLE ON GLOBAL ANXIETIES OVER INFLATION WESTPAC SHARES CLIMB ON PROFIT BEAT, FURTHER COST CUTS EUROPE’S GAS CONUNDRUM CHINA SAYS IT CONDUCTED EXERCISES NEAR TAIWAN SOUTH KOREA HUNTS TUNGSTEN TREASURE IN RACE FOR RARE MINERALS Purchase this article Recommended * Advertisement Pensioners born before 1962 are now eligible for new hearing aids Dec 31, 1969 Compare Hearing Aids * Advertisement How to clear your bowels before going to sleep (nutritionist) Dec 31, 1969 Sanalyslab * Advertisement Slimming patches at night: helps lose belly fat Dec 31, 1969 Well-being-review.com * Advertisement Unsold Laptops Are Being Sold for Almost Nothing Dec 31, 1969 Laptops on Sale | Sponsored Listings * Advertisement Why is This £54 Monocular Better Than £3000 Telescope? 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