Ease of connectivity, not geography per se that determines economic relations, says Chan Chun Sing
“Historically, geographical distances have shaped economic cooperation,” Education Minister Chan Chun Sing said. “By virtue of Southeast Asia’s geographical position, goods, capital, people and culture have flowed between Southeast Asia and China for thousands of years. Physical proximity was a natural enabler of the development of interdependencies.” But is Geography still Destiny? Speaking at the […]
Creating a new generation of jobs for Singaporeans: Chan Chun Sing
In his speech at the launch of the Temasek Polytechnic Advanced Manufacturing Centre (TP AMC), at Temasek Polytechnic, Education Minister Chan Chun Sing shared with students on how Singapore can scale up its manufacturing sector qualitatively and be in niche areas that will make us hard to displace down the road. To do this, Singapore […]
Embrace a global mindset, yet treasure your local identity: Chan Chun Sing
In his closing remarks to students at the Pre-University Seminar 2021 Virtual Closing Ceremony, Education Minister Chan Chun Sing exhorts them to embrace a global mindset while treasuring their local identity. The minister was heartened to see their ‘determination and desire to co-create a vision for the future of our country’. Here’s the excerpt from […]
BioNTech to establish Regional HQ and first mRNA facility in Singapore
BioNTech SE announced on 10 May its plans to establish its Regional Headquarters for Southeast Asia in Singapore. This is a key milestone in the Company’s international expansion. It follows the establishment of of its U.S. Headquarters in Cambridge, MA in 2020. In addition to selecting Singapore as its future regional headquarters, BioNTEch also plans […]
Staying open and forging a way forward amidst uncertainties
During The Economist’s Asia Trade Insight Hour series, a webinar was held on the economic outlook for trade. Mr Chan Chun Sing, Minister of Trade and Industry, noted that global trade has lifted millions out of poverty. There is, however, a growing number of people who oppose trade because of the uneven distribution of benefits. […]
In fast-evolving ground realities, standing still is not an option
The world has changed irrevocably. The geopolitical environment that has allowed Singapore to thrive in the last 50 years has changed. To thrive in a fast-evolving landscape, the nation will need to continue to innovate with a purpose by turning possibilities, fuelled by passion, into reality. Geopolitical tensions Tensions between major powers are rising. Hopefully, […]
No, Singapore isn’t returning to the pre-COVID days
A steep slump as the Singapore economy contracted by 13.2% year-on-year in Q2, 2020. This makes for our worst quarterly performance on record as Singapore narrowed its economic forecast for 2020 to a contraction between 5 and 7%. Grim outlook. It reflects the devastating impact of Covid-19 as well as the deeper forces reshaping the […]
Happy 55th birthday, Singapore.
In a National Day message video posted today, President Halimah Yacob shared that Singapore’s 55th birthday would have been a milestone and a cause for great celebration if not for the ongoing Covid-19 pandemic. Indeed, the coronavirus has caused impacted every aspect of life, severely disrupting life for many. We are facing a global economic […]
Singapore and Australia sign Digital economy Agreement
The Signing of the Singapore-Australia Digital Economy Agreement (SADEA) on August 6 2020, marks a milestone in the long-standing and multi-faceted partnership between Singapore and Australia. It will allow our companies to take advantage of opportunities in the digital economy and tap on new technologies to create new digital products and services, Trade & Industry […]