Malaysia Hotline: +603- 2141 8908
SINGAPORE: Given China’s stuttering economy and the
United States struggling to get out of first gear, Singapore will need to look
closer to home for comfort next year while it re-positions itself for longer
term prosperity.
This was the consensus among experts interviewed by
TODAY. They added that export-oriented sectors will bear the brunt of the weak
global economic environment, and the Republic will have to lean on its services
segment for the time being even as it strives to increase productivity and
innovation in order to maintain its competitive advantage.
The soon-to-be-established ASEAN Economic Community
(AEC) will provide ample opportunities, and companies should look to cash in on
the country’s thriving backyard, the experts said.
Credit Suisse economist Michael Wan stressed the
need for Singapore to enhance its services sector by, for example, focusing on
the tradable segments such as finance and insurance, as well as information and
communications. “Over time, as technology improves, what was non-tradable
services might eventually become tradable too,” he said.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my