My take:
1. Create new virtual frontiers
There is so only so much we can do for e-commerce. Unlike US, Taiwan, China, Japan, Korea or even Vietnam, we don't produce as much reputable web companies. We missed out a lot in Fintech because Fintech is unable to flourish in Singapore due to MAS's indifference towards frauds and bias.
2. Seizing growth opportunities in sustainability
We are not being down-to-earth. Growth from this area will only be supported by our fiscal policies.
3. Enabling global champions and growing an agile, strong “Singapore core”
Singapore Core is comprised of uncompetitive fat cat GLCs, which made up of retired SAF personels and strawberry scholars who are rewarded for being reckless and bailed out each time they failed. Such "Singapore Core" global companies will get wiped out, reset in each recession, and will not be sustainable.
4. Institutionalise the Singapore Together AfA model - Alliance for Actions
Recent efforts are hindered by red tapes in government agencies. The novice officers from government agencies such as MTI, Enterprise Singapore, JTC are risk-adverse, yet too eager to be involved to boost their personal portfolios.
5. Strengthen international partnerships, especially with Southeast Asia
Agree, there is still so much to tap in ASEAN, given its relatively young population, Singapore businesses should stay close to our shores. However, COVID-19 situation in neighbouring Indonesia, Malaysia, Philippines look set to worsen further in 2021/2022, and along with the political uncertainty in Thailand and Myanmar, ASEAN is unlikely to grow strongly in the near future.
