Three Strategies to Grow Singapore's Economy

The Government of Singapore said that it will cut red tape within the government sector by pro-actively seeking feedback from businesses and also providing a safe environment that encourages innovation. According to Chee Hong Tat, the new strategy should be based on the following principles:

  • Being pro-business.
  • Pro-Singapore.
  • Pro-talent.

It was stated that nowadays some areas of the economy suffer from excessive bureaucratisation, the main one being the food sector.