Singapore must create synergy and focus on industry transformation at all cost – Heng Swee Keat

and members of Congress and the US administration in Washington, Singapore’s Finance Minister Heng Swee Keat expounded on the need for Singapore to create synergy and make industry transformations by all means possible.While he admitted that the Singapore economy will definitely go through economic phases brought about by current global developments, the Singaporean Government is well prepared for it.

“They are looking at how they can take on the best technology and how it can be used for innovative activities that can benefit people across different realms,” he said. What he saw made him realize that it is imperative for Singapore to really push ahead with technology innovation. “I think we must position Singapore as a global Asian node of technology innovation and enterprise.”

“Whether it is the schools that they go to, the education that they have, the background training they have been in – whether it is engineering or businesses – as well as the range of countries that they come from,” Mr. Heng said.

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