Part 4/10:
The aviation and tourism sectors, which faced unprecedented setbacks last year, are set to receive continued support. Simultaneously, the government’s broader strategy involves helping companies innovate and tap into new markets, especially in Southeast Asia and China.
Focus on Innovation and Technology
Experts are optimistic about measures that bolster Singapore's position as a financial and technological hub. There is a particular emphasis on supporting fintech—financial technology—by enhancing tax regimes and regulatory frameworks to facilitate growth in financial services innovation. The information and communications technology (ICT) sector also remains a critical area for development, with continued investments to sustain digital transformation efforts.