Jun 25, 2013

    Economic impact to S'pore could be worse than in '97

    Singapore and Malaysia could face a bigger economic impact than that of the air-pollution crisis 16 years ago, if slash-and-burn fires in Indonesia continue to rage, turning off tourists and raising business costs. The haze crisis in 1997 lasted about three months and cost South-east Asia an some US$9 billion from disruptions to air travel, health expenses and other business impacts.