Singapore must strengthen economic connectivity and the labor force must remain flexible

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Singapore is exploring options to manage significant investments into critical entities in the city state, said Trade and Industry Minister Gan Kim Yong on August 28, 2023.

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“We will need to strengthen Singapore’s position as a trusted hub for businesses to invest with confidence. And to do that, we will need to make sure that investments into critical entities do not affect Singapore’s economic resilience and our national security interest,’ Mr Gan said.

He was speaking to the media on the sidelines of the MTI Economic Dialogue 2023 held at Nanyang Technological University’s alumni house at one-north.

“Singapore has always earned its living by remaining open, expanding its economic space, and staying connected to the world,” he added.

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