Committee of Supply 2026 debate, Day 3: Shawn Loh on growing Singaporean MNCs rooted in Singapore
Size matters - and when the Singapore enterprise scales successfully, it anchors high-value headquarter functions in the country, develops local managerial talent pipelines and contributes to economic and supply-chain resilience. MP Shawn Loh said this in parliament on Monday (Mar 2), adding that Singaporeans will benefit from having more local companies crossing the S$1 billion mark in annual revenues. He asked the Ministry of Trade and Industry to consider setting a target for a number of new local firms to reach that scale by 2035 so that all government agencies can marshal their resources to achieve this.
Size matters - and when the Singapore enterprise scales successfully, it anchors high-value headquarter functions in the country, develops local managerial talent pipelines and contributes to economic and supply-chain resilience. MP Shawn Loh said this in parliament on Monday (Mar 2), adding that Singaporeans will benefit from having more local companies crossing the S$1 billion mark in annual revenues. He asked the Ministry of Trade and Industry to consider setting a target for a number of new local firms to reach that scale by 2035 so that all government agencies can marshal their resources to achieve this.
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