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COLLABORATIVE SOCIETY

Government to take facilitator role

By plugging gaps in the business ecosystem and taking a forward-looking approach to regulations, the government can nurture a more flexible, nimble economy, says the CFE report.
Thursday, February 16, 2017 - 05:50

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The MAS launched in mid-2016 a "regulatory sandbox" where new technological solutions can be tested safely, without potentially affecting their main operations or customers, even if the project fails.

THE government should use its power as a regulator and procurer to facilitate risk-taking and innovation, rather than to anoint winners, observers say in agreement with the recommendations of the Committee on the Future Economy (CFE).

In that evolved role, the government would be a

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