SINGAPORE - Innovative business ideas are an important driver of growth, particularly in the current economic downturn, said Minister of State for Trade and Industry Low Yen Ling.
Ms Low said that as the economy evolves amid the Covid-19 pandemic, more business models that cut across multiple domains might emerge. "It might have been a very long process because we don't know who to talk to. With PEP and MTI, it helped us to smooth out the communications and make this process much faster," he said.
Since Singapore's phase two of reopening in June, the number of users has increased compared with pre-circuit breaker, said Mr Chow, 35.
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