Singapore to turn to new hubs amid disruption

SINGAPORE (Aug 4): Over the past 50 years, Singapore has banked on a handful of industries for its growth and leveraged its history and geography to develop hubs in key areas such as transport and finance.

But with slowing growth and an unpredictable external environment, it needs to re-examine those economic drivers.

For a time, Singapore’s economy leveraged on the country’s beginnings as a trading port — getting a lift from offshore and marine (O&M) engineering, oil and petrochemical refining, and electronics manufacturing.

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