Innovation is key to vibrant enterprise: Chun Sing
He defines his ministry's areas of focus; 5 other ministries also unveil plans for a vibrant, innovative economy
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Singapore
INNOVATION will be the core competitive advantage of Singapore's local enterprises, said Minister for Trade and Industry (MTI) Chan Chun Sing on Thursday.
Businesses will be supported in their research and development (R&D) efforts to come up with new products and services, as Singapore aims to take advantage of its position in Asia where the "next billion middle-class consumers will be", he said in his ministry's addendum to the President's Address, which was released on Thursday.
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