A Tax Holiday May Help Singapore

8:11 PM ET Tue, 20 Jan 2009

Give a tax holiday and switch to a "pay-as-you-earn" system, suggests Song Seng Wun, regional economist at CIMB-GK Research, as the Singapore government tries to mitigate its worst economic contraction on record. He tells CNBC's Martin Soong & Sri Jegarajah more.