Singapore companies must take innovation and technology seriously, says Heng Swee Heat

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SINGAPORE: Singapore companies must respond quickly to the changing business environment while also taking innovation and technology ...

SINGAPORE: Singapore companies must respond quickly to the changing business environment while also taking innovation and technology seriously, said Finance Minister Heng Swee Heat on Wednesday .

He added: “The speed of technological changes, the speed that others are changing business models means that if you don’t change, you’re going to be left behind. So it’s quite critical, first and foremost, that our companies are really going out to all these changes quickly.” The unions take a “very supportive” approach, Mr Heng added. “They work with companies and say, what are the changes that are needed and how do I prepare our workers. If our workers are going to do that, will they benefit?”

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