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Singapore well-positioned to serve as centre for digital businesses: S Iswaran

Speaking at the inaugural China-Singapore Digital Economy Forum, the Minister for Trade and Industry (Industry) says this is due to its highly reliable infrastructure for information and communications technology.  

SINGAPORE: Singapore is well-positioned to serve as a centre for digital businesses as it offers companies a highly reliable infrastructure for information and communications technologies, said Minister for Trade and Industry (Industry) S Iswaran on Tuesday (Jan 19). 

He was speaking at the inaugural China-Singapore Digital Economy Forum co-organised by International Enterprise (IE) Singapore with the Ministry of Trade and Industry and Cyberspace Administration of China (CAC).

Mr Iswaran said almost 200 million new Internet users in ASEAN are expected to come online by 2020 and as businesses go digital, this will generate an annual economic impact of S$625 billion by 2030. He also cited a study by Accenture entitled “Surfing Southeast Asia’s Powerful Digital Wave". 

"Recognising these trends, the Government is committed to growing Singapore’s capacity to contribute to and benefit from the growth of the digital economy," said Mr Iswaran.

He added: "This sector is expected to create exciting and good job opportunities such as 2,500 jobs for data analysts and 2,000 e-commerce related jobs by 2020. Hence, it will be a key area of focus for the Committee on the Future Economy which aims to develop economic strategies to position Singapore well for the future."