industries
Diverse range of service and manufacturing industries
Economic resilience
Electronic industry
Singapore is a global leader
Major players eg Intel, Micron, Infineon establish state-of-the-art facilities
Aerospace industry
Rolls-royce , Pratt & Whitney, Boeing set up manufacturing, maintenance and repair operations
Singapore has a strategic location, skilled workforce and robust infrastructure
Precision engineering industry
Singapore produces high value components and equipment for aerospace, medical etc
Pharmaceutical and Biomedical industry
Novartis, GlaxoSmithKline, Pfizer have established significant operations
Global financial hub
World-class logistics and transportation sector
Robust ICT infrastructure, a thriving hub for tech companies and startups
Highly interconnected with the global marketplace
Promotes free trade, foreign investment, international collaboration
Global connectivity well connected globally through extensive air and sea links
Foreign investment attracts significant foreign direct investments with a pro-business environment
Free trade agreements extensive network of free trade agreements, facilitating global commerce
Efficient public transit
MRT, bus etc
Global air hub
Changi
Maritime connectivity
Leading global container port, international trade
One of the most technologically advanced countries in the world
Highly educated population
Government support for innovation
E-commerce, fintech, smart city solutions and healthcare
Factors driving high tech adoption
Government support
Educated and tech-savvy population
Openness to innovation
Independent sovereign state
Efficient, transparent and meritocratic governance
Political stability, fostered economic growth
Robust legal framework
Active contributor to global initiatives
Video on Singapore's population trends, demographic changes
Singapore’s population is greying
Capitalise on improved life expectancy, higher retirement ages, productive aging
Growing pool of retirees, valuable knowledge
Aging population is an asset
Easily transform labour pools to adapt to new demands
Support to help businesses adapt to challenges
The more educated the labour pool is the easier it is to adapt
Reorganisation of paid work eg working from home
Many say lack of work life balance
Arranging how paid work can complement domestic responsibilities will be a more sustainable way of getting singaporeans to embrace both in their lives
Video on singapore's race to food security
Need to produce more with less, technology can help
Singapore has 220 farms, produce 10% of singapore's food supply
16kg of veg per person
Only 4% of vegetables are produced in singapore and 41% is from malaysia
Local farms only produce 10% of Singapore’s fish supply
Only 5% of fish are produced in Singapore and 24% are from other countries
Apollo Aquaculture Group in Neo Tiew Crescent
Singapore has 12 land based fish farms
Each floor only needs two workers
Farm hybrid grouper and coral trout because of their high market value
Technology used for farming makes them more competitive
Singapore consumes 2 billion eggs a year
Almost 100% of Singapore’s fruits are imported mainly from Malaysia which attributes for 39%