With Singapore aiming to grow its pharmaceutical industry, it is no wonder why the number of people working for pharmaceutical companies has increased, despite overall decrease in employment in the manufacturing sector over the years, according to the Economic Development Board (EDB).
The pharmaceutical industry is an increasingly important component of Singapore's manufacturing sector. And the pharmaceutical exports are a bright spot for Singapore's economy, as the Covid-19 pandemic drives demand, according to Fitch Solutions in an August 27 report.
Furthermore, the Singapore government has placed a focus on the development of innovative pharmaceuticals, making its long-term ambition.
