Can Singapore maintain its leadership in Asia, and continue to influence the dynamics and movements affecting its partners and neighbors across the region?
It is a question that would not have been asked years ago. The island nation remains the top tech hub in Asia and is sought-after by both talents and students alike for the quality it offers in terms of health, lifestyle, and education. Unlike other Asian countries that had been rocked by terrorism and downward spirals in the economy, Singapore still exudes that rare winning combination of stability and progress.
However cracks are showing in the once-confident image, and underlying issues that had to be resolved were subtly addressed by Prime Minister Lee Hsien Loong during his yearly policy speech last August 20. As reported by Asia Nikkei, Prime Minister Lee emphasized that to continue their leadership into the future, programs would be developed.
In particular, the improvement of programs aims to enhance the current educational system, better the Singaporean’s way of life through cutting-edge technology, and eradicate debilitating illnesses like diabetes. The words of a statesman do bring up matters that are close to his citizenry’s heart but noticeable is the absence of any reference to the Prime Minister’s recent debacle with his other family members who had accused him of “abuses of power.”
The accusations had centered around the use of public property, an issue that would be considered almost negligible in other nations that routinely combat graft and corruption. Singapore has been the only country in Asia to remain in the top ten of the least corrupt countries in the world. As reported by Strait Times, recent findings by the Transparency International Corruptions Perception’s index showed that Singapore did climb one level higher in the corruption ladder. It was previously ranked number 8 among the least corrupt nations but moved up to number 7.
The slightly upward jolt does not significantly damage the international reputation or business processes of Singapore. However, to the staid Singaporeans who pride themselves on their integrity as well as their efficiency, it is like a slight tremor in a land that has never experienced any quakes. The Prime Minister is on the right track to commit more investments in the health, education, and technology of his country, but he might also want to look at the slightly growing cracks of business transparency.
6 enterprise tech trends to consider in 2019 and beyond
Here are the tech trends that could bring groundbreaking changes to businesses this 2019 and even the years to come.
Securing consumer rights in a cashless society
The new EU payment directive might spark concern about a move away from cash—but blockchain technology could protect consumers.
Back to basics: The best investments that you should be looking into
Everyone is trying to make money, and one way to do so is through investing in businesses. Before you dive...
Tinctures reign supreme in CBD industry for simple and versatile uses
CBD tinctures have become the product of choice for many users as they are easily customizable according to their individual...
Should you bet on communication services stocks in 2019?
While the communication services sector is a relatively new market segment, it is expected to post revenue growth for 2019.
- Sponsored2 days ago
The fight against cybercrime makes cybersecurity the top investment choice for 2019
- Business3 days ago
How blockchain can solve the broken link of supply chain logistics
- Business4 days ago
A guide to investing in your first commercial property
- Commodities5 days ago
What gold investors should expect this 2019
- Crypto4 days ago
Bitcoin welcomes 2019 with an unexpected price surge
- Business3 days ago
More Chinese middle class buying lower-priced US houses
- Economy5 days ago
Japan PMI surveys reveal more upbeat sector of global economy
- Featured5 days ago
Here’s an investing lesson to learn from Puerto Rico