Future-proofing Singapore

THIS WEEK'S TOPIC: What would be most essential for ensuring that the Singapore economy remains vibrant amid slowing global growth? How should Mr Heng Swee Keat's new economic committee position Singapore for the future?

Max Loh Managing Partner, Singapore and Asean EY

SINGAPORE must cement itself as a trusted brand and the indisputable hub and springboard to the region, thriving on the positioning that nobody connects business to Asia like we do. We must sustain our earned reputation as a great place to live, work and do business because of our robust and stable economic infrastructure and inclusive society. Our human capital must be at the front and centre of a future-ready Singapore: building the most skilled and productive workforce to drive higher value-add activities; and enabling more of our brightest and high-potential Singapore companies to accelerate growth and be globally competitive. Singapore should also aspire to be the Silicon Valley of Asia, nurturing and attracting innovators and entrepreneurs to exploit market niches and gaps, and creating an enabling ecosystem that is founded upon a strong sense of public-private and cross-sector collaboration, simply because going forward, no one will be able to "do it alone" anymore.