Nurturing innovation and value creation


LATE last year, Finance Minister Heng Swee Keat observed that Singapore needs to shift from a value-adding economy to a value-creating economy. His message was clear – while a value-adding focus has served the country well for many years, now is the time to tilt that focus. The finance minister expanded on this message through Budget 2016 by challenging local businesses to innovate, scale up and internationalise. Paying tribute to Singapore's founding father, Mr Heng challenged all Singaporeans to do as Lee Kuan Yew did: to dream, plan and build for the next 1,000 years.

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