Singapore investing into digital development
A recent study carried out by the Economist Investigation Unit (EIU) has concluded a lack of confidence in hiring new talent in Singapore for digital services. However, 43% of executives said the government’s programs and events are the most helpful source of external support and about 53% said that they have used government programs to finance initiatives in recent years, higher than any other city in the study.
Digitalisation initiatives are currently key for the country’s development and Singapore seems to take the right steps for investors’ confidence and encourage industry growth in the country.
There are some challenges ahead, such as cyber-security; nevertheless, with the continuous work of the administration combined with the ease of doing business in the country, we can only expect a positive outcome.