SINGAPORE (Jan 28): New economy, R&D, biotech, pharma, fintech: These are the buzzwords of the future. Singapore plans to continue to focus on innovation as part of its new economy strategy and its Smart Nation initiatives. But who benefits? Which companies? On the face of it, all companies that digitalise can reap greater efficiencies, access more customers and move into new markets — as evidenced by banks and fintech.

For stable returns, though, look no further than industrial real estate investment trusts (REITs). On Jan 23, Dyson, best known as the UK company that makes bladeless fans and bagless vacuum cleaners, and whose owner James Dyson supports Brexit, announced that it was shifting its head office to Singapore. Last October, Dyson said it planned to build electric cars in Singapore.

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