BIG multinational firms gave the thumbs up to Singapore's strategy in attracting & retaining companies here, saying that Singapore has plenty of competitive advantages.
The members of a high-powered panel advising the Economic Development Board (EDB) said that the Republic continues to keep its strategy of anchoring foreign firms here & also to extend in to new niche areas.
These include building capabilities in information management & analytics, green manufacturing & becoming an Asian thought leader in finance & economics.
Deputy Prime Minister Teo Chee Hean, who chairs the advisory council, said that the the fast-changing world provides plenty of challenges & opportunities for Singapore.
The council also reaffirmed the importance of manufacturing to Singapore, saying that Singapore has a key role to play in prototyping new technologies & manufacturing processes.
Members of the council include the chief executives of Procter & Bet Corporation, Micron Expertise Inc & GlaxoSmithKline.