Paper recycling firms scaling down operations as materials fetching lower prices

Paper recycling firms are scaling down operations, because materials such as waste paper and cardboard are fetching lower prices. Local firms that sell paper waste to overseas buyers also have to pay more to collect and export them. The industry's association said these factors are why paper recycling is declining in Singapore. Singapore's paper recycling rate fell to 32% in 2024 from over 50% a decade ago. Eugene Chow reports.