SINGAPORE, April 17 (Xinhua) -- Singapore's security experts on Tuesday said businesses should take action to limit social and economic impact of terror attacks.

    Some 500 experts attended a conference, organized by the Singapore National Security Coordinating Secretariat (NSCS) and the Singapore Manufacturers' Federation, to discuss ways to increase the resilience of the business sector in Singapore, local television Channel News Asia reported.

    Experts said that preparedness is competitive advantage for businesses.

    Singapore's Minister of State for Trade and Industry S. Iswaran said, "If I'm able to demonstrate as a company that I've taken reasonably secure measures to protect my operations, to protect my supply chain and so on, when I deal with my customers and they see this, they will have greater confidence in giving me more business. That's the advantage."

    Experts also suggested that senior level managers are provided certification to oversee security issues.

    Iswaran noted that the government and the industry could work out the scheme to cooperate in overseeing security issues.

    Created in 2004 to counter terrorism, the NSCS helps businesses to prevent and react strategically to terror strikes.