Singapore to double down on new growth areas in next phase of economic transformation

Deputy Prime Minister Heng Swee Keat said Singapore needs to strengthen its tripartite partnerships. He was speaking at the Future Economy Conference, where a report was released on the country's economic transformation over the past eight years. It showed the importance of strengthening Singapore's position as a global Asia node for technology, innovation and enterprise. The report also highlights how Singapore will be doubling down on new growth areas. Singapore Business Federation CEO Kok Ping Soon shared more about Singapore's next phase of economic growth.