The high trust that other countries and investors have in Singapore is a vital advantage that must be upheld, says Prime Minister Lee Hsien Loong.
SINGAPORE: This year, our economy has slowed down significantly. This is primarily due to weakening global demand and international trade, which have impacted our manufacturing sector and trade-related services.
One of these is by Finnish energy company, Neste, which is investing more than S$2 billion to expand its renewable energy plant here. This is a huge project which will create quality jobs for Singaporeans. This shows Singapore’s high reputation among investors. Facing economic uncertainties as we do, it is all the more crucial to work hard to protect this trust that investors have in us.Meanwhile, we must keep on strengthening our economic fundamentals to secure our longer-term competitiveness. Deputy Prime Minister Heng Swee Keat and the younger ministers are leading our economic transformation efforts. Their efforts are beginning to bear fruit.
Jumbo’s success is in large part due to its emphasis on training and development. This has helped it to retain Singaporean staff, in an industry that typically has a high turnover rate. By tailoring training to employees’ individual potentials and providing good mentorship, Jumbo has enabled its staff to upskill and grow with the company.
They are a diverse group, ranging from F&B to education, from furniture and maintenance to hospital and dental. If they came together, they could provide comprehensive services for an HDB township. On the course, they made friends, shared experiences and discovered potential opportunities to collaborate.
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