SINGAPORE: Singapore businesses have to push on with innovation and transformation as part of achieving the country’s 2030 economic vision, said Trade and Industry Minister Gan Kim Yong on Monday .
“Most importantly, we need to achieve deep industry and business transformation, and build a bench of successful Singapore enterprises that can sustain strong growth and create good careers for our people,” Mr Gan said in a keynote speech delivered at the Firefly Symposium organised by his ministry and the Singapore Tourism Board.
Mr Gan said companies must press on with productivity improvement. He acknowledged the difficulties that firms face with a tight domestic labour market and noted that the Government has moved quickly to reopen borders as the pandemic situation improved. Companies also need to innovate, build deep capabilities and pivot their business models where needed.