Total rethink needed for S'pore economy to stay relevant: business leaders

Singapore

IT will not be business as usual any more for Singapore's economy in the future, and this requires good foresight and preparation on all fronts for whatever changes that may come, business leaders have told The Business Times (BT).

Their comments, captured in BT's first Views from the Top survey for the year, come ahead of a seminal report that will recommend ways in which Singapore can chart its future economic direction.

Chief among these corporate chiefs' expectations of the report are how the economy and workforce can deal with disruptions, and how small and medium enterprises (SMEs) can play a larger role in the economy.

"Moving the pieces on a chess board is tactical. Moving the entire chess board so that it gives you an overall advantage is strategic,…