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Singapore Budget 2005
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Budget Speech 2005
   

Leverage on our hub status to grow services

 

2.13 Our services industries have great potential because of our hub status in the Asia-Pacific region, the high quality of our workforce, world-class infrastructure, and a conducive regulatory environment. We have developed a wide range of services – headquarters and professional services, info-communications activities, creative industries, an international financial centre, tourism, and logistics. This has diversified our economy and created many jobs.

2.14 In this Budget I am taking specific measures to grow financial services, logistics, and tourism. All three industries benefit from, and contribute to, Singapore’s hub position.

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