It would seem a cliché to say Singapore has figured it out. But it has, more or less, especially when compared to its subpar neighbours.
Take Singapore Airlines. It is the island-state's flagship national carrier under majority ownership of Temasek Holdings, the country's sovereign wealth fund. Like other major legacy carriers with a large fleet and costly overheads being pressed by low-cost and peer competitors, Singapore Airlines is forced to find innovative ways to overcome mounting challenges.
Thitinan Pongsudhirak teaches International Relations and directs the Institute of Security and International Studies at Chulalongkorn University.
