{"id":20372,"date":"2021-08-06T07:20:52","date_gmt":"2021-08-06T07:20:52","guid":{"rendered":"https:\/\/sms-bridges.com\/staging\/?p=20372"},"modified":"2025-08-21T13:25:55","modified_gmt":"2025-08-21T13:25:55","slug":"singapore-a-future-ready-economy","status":"publish","type":"post","link":"https:\/\/sms-bridges.com\/staging\/singapore-a-future-ready-economy\/","title":{"rendered":"Singapore: A \u2018future-ready\u2019 economy"},"content":{"rendered":"\n
\"\"
Celebrating its 55th anniversary this year, Ultraman has been chosen as the headline character to represent the 55th year of Singapore-Japan relations in the \u201cSingapoReimagine Ultraman\u201d campaign. | \u00a9TSUBURAYA PRODUCTIONS<\/em><\/figcaption><\/figure><\/div><\/a><\/div>\n\n\n\n
\"\"
Lam Yi Young<\/strong>, Chief Executive Officer of the Singapore Business Federation | \u00a9Singapore Business Federation <\/em><\/figcaption><\/figure><\/div><\/a><\/div>\n\n\n\n

Celebrating 55 years of bilateral relations this year, Singapore and Japan are actively seeking ways to consolidate their relationship while playing increasingly important roles on the world stage.<\/p>\n\n\n\n

Progressive business environment<\/h3>\n\n\n\n

\u201cSingapore is an attractive business hub that offers many competitive advantages for international companies, be it as a global hub or as a gateway to ASEAN (the Association of Southeast Asian Nations) and Asia,\u201d said Lam Yi Young, chief executive officer of the Singapore Business Federation.<\/p>\n\n\n\n

\u201cWe offer a stable business and political environment with a fair and transparent legal system. As a recognized financial hub, we have a progressive environment for businesses to raise and mobilize capital. As a signatory to various bilateral and multilateral free trade agreements, Singapore supports the open and free flow of goods, services and people.\u201d<\/p>\n\n\n\n

\"\"
Victor Mills<\/strong>, <\/em>Chief Executive of the Singapore Chamber of Commerce and Industry | \u00a9SCCI<\/em><\/figcaption><\/figure><\/div><\/a><\/div>\n\n\n\n

ASEAN<\/h3>\n\n\n\n

The ASEAN region is expected to become the world\u2019s fourth-largest economy by 2030 and Singapore lies at the very heart of this dynamic economic region.<\/p>\n\n\n\n

\u201cSingapore already plays a very active role in ASEAN and across the wider region,\u201d said Victor Mills, chief executive of the Singapore Chamber of Commerce and Industry.<\/p>\n\n\n\n

\u201cIt is a major investor in many economies and its hub status for wealth management, business and legal services remains in demand. Even more importantly, its growing importance as an innovation hub, and one with finance, is relevant to the region and will continue to be even more relevant in the coming decades.\u201d<\/p>\n\n\n\n

Government<\/h3>\n\n\n\n
\"\"
Jun Yamazaki<\/strong>, Ambassador of Japan to Singapore | \u00a9Japanese Embassy<\/em><\/figcaption><\/figure><\/div><\/a><\/div>\n\n\n\n

\u201cJapan and Singapore continue to be important and valuable partners,\u201d said Japanese Ambassador to Singapore Jun Yamazaki.<\/p>\n\n\n\n

\u201cJapan is Asia\u2019s largest investor in Singapore, while Singapore is the largest investor in Japan among Asian countries. Moreover, Japan and Singapore are key members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, since they are the chairman of this year\u2019s and next year\u2019s CPTPP Commission, respectively.\u201d<\/p>\n\n\n\n

CPTPP<\/h3>\n\n\n\n

In addition to Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru and Vietnam, Singapore and Japan continue to be active members of the CPTPP trade agreement. Today, the eleven signatories represent 13.4% of global gross domestic product (US$13.5 trillion).<\/p>\n\n\n\n

\"\"
Eiji Hisatomi<\/strong>, Managing Director of JETRO Singapore | \u00a9JETRO Singapore<\/em><\/figcaption><\/figure><\/div><\/a><\/div>\n\n\n\n

JETRO <\/strong>\u201cSince its establishment in Singapore in 1959, the Japan External Trade Organization has served as a bridge between the companies of the two countries,\u201d said Eiji Hisatomi, managing director of JETRO Singapore.<\/p>\n\n\n\n

\u201cBecause of this, we have established a solid reputation in both the Japanese and Singaporean business communities. Since the outbreak of COVID-19 last year, business between the two countries has moved towards an online style and although doing business online is convenient and efficient, it is only possible if there is trust between the two sides.\u201d<\/p>\n\n\n\n

\u2018Society 5.0\u2019<\/h3>\n\n\n\n

As trusted partners, Singapore and Japan continue to work closely together and Japan\u2019s \u201cSociety 5.0\u201d initiative is driving social change and creating opportunities for technological innovations and increased sustainability in both countries. Singapore\u2019s advances toward Society 5.0 are benefiting people, businesses and society and associated collaborations with Japan are helping to ensure Singapore becomes a \u201cfuture-ready\u201d economy.<\/p>\n\n\n\n

\"\"
Takeshi Oshima<\/strong>, President of the Japanese Chamber of Commerce and Industry, Singapore | \u00a9JCCI Singapore<\/em><\/figcaption><\/figure><\/div><\/a><\/div>\n\n\n\n

\u201cIn Singapore, where the world\u2019s most advanced information technologies are found, we are hopeful that the initiatives of Japanese companies will deepen in partnership with Singaporean companies in a wide range of industries,\u201d said Takeshi Oshima, president of the Japanese Chamber of Commerce and Industry, Singapore.<\/p>\n\n\n\n

One of the world\u2019s major cities<\/h3>\n\n\n\n

Singapore has come a long way since its founding as a British trading post in 1819 by Sir Stamford Raffles.<\/p>\n\n\n\n

Raffles Hotel, the Marina Bay Sands, the Singapore Flyer, the Buddha Tooth Relic Temple, Botanic Gardens and Gardens by the Bay, as well as Orchard Road and Resorts World Sentosa are just some of the attractions that bring people to Singapore.<\/p>\n\n\n\n

\u201cDue to the COVID-19 pandemic, international travel has been restricted,\u201d said Markus Tan, regional director for North Asia at the Singapore Tourism Board.<\/p>\n\n\n\n

\"\"
Markus Tan<\/strong>, Regional Director for North Asia at the Singapore Tourism Board | @STB<\/em><\/figcaption><\/figure><\/div><\/a><\/div>\n\n\n\n

\u201cTo ensure that Singapore remains top of mind as a travel destination, STB has partnered with media and tourism industry players to organize online interactions and in-market activities in both Japan and Singapore. This allows fans of each country to continue to experience, enjoy and learn about the respective destinations. As a result, the exchange between the two countries has remained strong and vibrant.\u201d<\/p>\n\n\n\n

\u201cEven with the reopening of borders, it will take time for mass leisure travel and traveler confidence to return. Singapore has been working with our trade partners and other government agencies for a safe resumption of travel, while providing meaningful customer experiences. This includes testing new standard operating procedures, enhancing safety protocols, and raising the standards of environmental public hygiene at tourism establishments. The industry\u2019s collective effort and resilience provide confidence that Singapore will remain one of the world\u2019s major cities for international travelers for years to come.\u201d<\/p>\n\n\n\n

\"\"
Integrating nature with engineering created the world\u2019s tallest indoor waterfall at Jewel Changi Airport in Singapore. | \u00a9STB<\/em><\/figcaption><\/figure><\/div><\/a><\/div>\n\n\n\n

www.asean.org<\/a><\/strong>
www.sg.emb-japan.go.jp<\/a><\/strong>
www.sbf.org.sg<\/a><\/strong>
www.sicc.com.sg<\/a><\/strong>
www.jcci.org.sg<\/a><\/strong>
www.stb.gov.sg<\/a><\/strong>
www.visitsingapore.com<\/a><\/strong>
w<\/strong><\/a>ww.jetro.go.jp\/singapore<\/a><\/strong>
www.jetro.go.jp<\/a><\/strong><\/p>\n\n\n\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Celebrating 55 years of bilateral relations this year, Singapore and Japan are actively seeking ways to consolidate their relationship while playing increasingly important roles on the world stage. Progressive business environment \u201cSingapore is an attractive business hub that offers many competitive advantages for international companies, be it as a global hub or as a gateway […]<\/p>\n","protected":false},"author":1,"featured_media":20387,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[331,292,259,293,978,519],"tags":[518],"class_list":{"0":"post-20372","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-331","8":"category-articles","9":"category-bridging-japan","10":"category-editorial","11":"category-editorial-singapore","12":"category-singapore","13":"tag-editorial"},"yoast_head":"\nSingapore: A \u2018future-ready\u2019 economy - Bridges Magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sms-bridges.com\/staging\/singapore-a-future-ready-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Singapore: A \u2018future-ready\u2019 economy - Bridges Magazine\" \/>\n<meta property=\"og:description\" content=\"Celebrating 55 years of bilateral relations this year, Singapore and Japan are actively seeking ways to consolidate their relationship while playing increasingly important roles on the world stage. 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