Source of article: Reuters

Writer credits: Anshuman Daga

Singapore is a city state in comparison to our ASEAN neighbours. Countries like Thailand and Indonesia have much bigger markets for goods and services, including their stock markets vis-a-vis Singapore.

As the Chinese idiom says, “the sparrow may be small, but all its internal organs are complete”.

I believe the Singapore stock market has what it takes to be a “light-weight” champion. We have a solid global reputation for our political stability, excellent legal system and judiciary, first class security, sterling infrastructure and software that makes this place an oasis of calm and reliability for investors and businesses.

With the new stock market booster initiatives that was announced by the Minister for Trade & Industry last Friday, we need to sync and integrate all the composite components that have made Singapore successful in the last 56years, to maintain our global market standing as a metropolitan financial and business hub of Asia.

We should not rest on our laurels and be complacent that what Singapore has achieved in over five decades represents the pinnacle of our achievements.

In the present digital age, the ineluctable hard truth is that you either head spin ahead fast or spiral down-hill in a tail spin. There is no let up in the competitive global arena. Singapore must be swifter, and be better organised in proactively making careful and courageous decisions to scale and sustain the heights of all our aspirations and future achievements. The best must yet to be.

#business #digital #future

My original LinkedIn post is here.