With some of the most ambitious, creative, and passionate people in business, the arts, and culture, Singapore’s unique blend of values and mindsets allows passion to flourish. This best-in-class innovation isn’t reserved for a few, instead it’s part of the fabric that makes the island.
With some of the most ambitious, creative, and passionate people in business, the arts, and culture, Singapore’s unique blend of values and mindsets allows passion to flourish. This best-in-class innovation isn’t reserved for a few, instead it’s part of the fabric that makes the island.
Singapore’s location has long played to its advantage. Ideally positioned as a hub for trade across the Asia-Pacific region, the country is a vibrant cultural crossroads that has resulted in companies creating innovative solutions that are shaping the wider world. It’s this spirit of innovation that’s made the island a key player in a number of global industries, including biomedical sciences, where the country is pushing boundaries in diagnosis and treatment for millions of patients worldwide. In fact, eight of the top 10 pharmaceutical companies have facilities in Singapore, with four of the top 10 medications by global revenue manufactured there.
Singapore’s location has long played to its advantage. Ideally positioned as a hub for trade across the Asia-Pacific region, the country is a vibrant cultural crossroads that has resulted in companies creating innovative solutions that are shaping the wider world. It’s this spirit of innovation that’s made the island a key player in a number of global industries, including biomedical sciences, where the country is pushing boundaries in diagnosis and treatment for millions of patients worldwide. In fact, eight of the top 10 pharmaceutical companies have facilities in Singapore, with four of the top 10 medications by global revenue manufactured there.
As the Asia-Pacific region continues to lead global economic growth, despite global uncertainty, economies such as Singapore’s have been key to driving the region forward. Look beyond the skyscrapers that punctuate the skyline of this global financial hub and you’ll discover the Asian giant is also home to a skilled manufacturing industry that makes up nearly a fifth of the country’s GDP. Travel north-west from the downtown central business district and you’ll find yourself passing research centers specializing in everything from precision engineering to biopharmaceuticals. Keep going and you’ll find engineering start-up HOPE Technik, which, despite being small in size, is making big waves across the world.
As the Asia-Pacific region continues to lead global economic growth, despite global uncertainty, economies such as Singapore’s have been key to driving the region forward. Look beyond the skyscrapers that punctuate the skyline of this global financial hub and you’ll discover the Asian giant is also home to a skilled manufacturing industry that makes up nearly a fifth of the country’s GDP. Travel north-west from the downtown central business district and you’ll find yourself passing research centers specializing in everything from precision engineering to biopharmaceuticals. Keep going and you’ll find engineering start-up HOPE Technik, which, despite being small in size, is making big waves across the world.
While Singapore may not immediately leap to mind when one thinks of innovation, a quick visit will reveal why the Lion City recently claimed top spot on the Global Innovation Index as “Asia’s most innovative economy.” With a foundation built on a rich cultural heritage, contemporary Singapore is poised to take a prominent position on the global stage. Industry leaders point to Singapore’s vibrant start-up culture, blossoming media industry and inimitable art and design as evidence that Singapore is future-thinking and a place where businesses of all stripes can thrive.
While Singapore may not immediately leap to mind when one thinks of innovation, a quick visit will reveal why the Lion City recently claimed top spot on the Global Innovation Index as “Asia’s most innovative economy.” With a foundation built on a rich cultural heritage, contemporary Singapore is poised to take a prominent position on the global stage. Industry leaders point to Singapore’s vibrant start-up culture, blossoming media industry and inimitable art and design as evidence that Singapore is future-thinking and a place where businesses of all stripes can thrive.
After 13 years, the ASEAN Economic Community (AEC) is here. But what will it mean for the region? First, while there’s an obvious instinct to compare it to the European Union, the AEC represents a much more tentative stage of integration. Flexibility is the key tenet, with no plans for EU-style central governance. And while labour mobility is increasing, the focus is on select high-skill sectors first. The most significant change? The reduction of intra-regional tariffs and trade barriers.
After 13 years, the ASEAN Economic Community (AEC) is here. But what will it mean for the region? First, while there’s an obvious instinct to compare it to the European Union, the AEC represents a much more tentative stage of integration. Flexibility is the key tenet, with no plans for EU-style central governance. And while labour mobility is increasing, the focus is on select high-skill sectors first. The most significant change? The reduction of intra-regional tariffs and trade barriers.
(See the infographic enlarged.)
(See the infographic enlarged.)
The Association of Southeast Asian Nations (ASEAN): pitted together, the 10-nation group makes up one of the world’s largest and most promising economies of recent years. ASEAN comprises 625 million inhabitants spanning nations as diverse as Laos, the Philippines, and Singapore, and its ten member GDP now totals more than $2.5 trillion, surpassing even India in economic clout.
The Association of Southeast Asian Nations (ASEAN): pitted together, the 10-nation group makes up one of the world’s largest and most promising economies of recent years. ASEAN comprises 625 million inhabitants spanning nations as diverse as Laos, the Philippines, and Singapore, and its ten member GDP now totals more than $2.5 trillion, surpassing even India in economic clout.
