Singapore’s economy is shifting up the value chain towards the - TopicsExpress

Singapore’s economy is shifting up the value chain towards the higher value services related activities in the manufacturing sector such as research and design. This could pave the way for future transformation and growth. In the recent economic data, industrial production has captured an uptrend in the higher value services, while physical goods exports are on the decline. The restructuring of providing higher value services related activities can be evident by companies setting their regional offices in Singapore. Some companies such as Facebook and Google are also setting their sales and marketing offices here. To remain its competitiveness, we can expect Singapore to restructure the economy to continue providing value related services.

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