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ECONOMIC TRANSFORMATION

Key industries to be grouped into 6 clusters as economy begins next phase of transformation

Clustering them is aimed at maximising opportunities for collaboration among them, says the minister

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"In a hawker centre, stalls sell different foods and are competing, but at the same time, they are cooperating - people know that hawker centres will always have a great variety of good food. This is what I hope Singapore companies can also do. Everyone is good at something, and together, we can build a reputation as the best 'hawker centre' in town." - Mr Heng.

Singapore

THE next phase of Singapore's economic transformation will involve deepening the linkages between complementary industries by grouping them into clusters, said Finance Minister Heng Swee Keat.

The aim is to position Singapore as a key node...

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