Mindset shift needed as Singapore's economic strategy evolves: Ong Ye Kung

Singapore

SINGAPORE'S growth strategy has traditionally been geared towards attracting foreign investment, but innovative local firms will play an increasingly important role as the economic environment shifts, said Minister for Education Ong Ye Kung.

This calls for a mindset shift - in addition to being diligent and responsible employees, individuals need to be entrepreneurial. Companies will have to pay more attention to collaboration, not just competition, especially when they venture overseas, Mr Ong added.