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Singapore risks losing competitiveness if it doesn't digitalise: Minister Chan

Amala Balakrishner
Amala Balakrishner9/22/2020 06:24 PM GMT+08  • 4 min read
Singapore risks losing competitiveness if it doesn't digitalise: Minister Chan
Singapore must transform its economy immediately to avoid losing its hub status
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Singapore needs to act on transforming its economy immediately to avoid losing its hub status and seeing its businesses’ and workers’ relevance slipping away, Trade and Industry Minister Chan Chun Sing said on September 22.

The urgency for this comes from the reality that Singapore will not be returning to a pre-Covid-19 world. So, “now is the time to re-engineer our processes, build a new economy and transform to create the right opportunities for our businesses and people,” he added in his speech at the opening of the Future Economy Conference.

This year’s event focuses on “Empowering People & Embracing Digitalisation for Resilience and Resurgence”

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