NTU economist say 'putting a dollar value on haze' can help Singapore

Published on : 25-Jun-2013

Add up the cost of the haze in terms of medical bills, tourism losses, businesses hit and face-masks bought. Armed with this bill, Singapore could then go to a third-party country and ask it to exert pressure on Indonesia to reduce the smog-causing forest fires there. That is the view of Professor Euston Quah, who pioneered cost-benefit analysis courses at two universities here, and who put the bill of the 1997 haze here at almost US$300 million (S$383 million).
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