Singapore needs more new ventures

Bangkok Post
24 May 2008

SINGAPORE : For Singapore's economy to stay robust, its business environment must remain a "fertile ground" for new enterprises, says Lee Yi Shyan, the minister of state for Trade and Industry.

With this in mind, the government has, for the past five years, supported the Action Community for Entrepreneurship (ACE), a movement to promote entrepreneurship in the island republic.

"ACE is one of the best examples of the unique public-private partnership model in enterprise development. Private sector entrepreneurs have worked hand-in-hand with government agencies over the past five years to foster Singapore into a more entrepreneurial nation," Mr Lee said.

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