Deputy prime minister Heng said that in the hyperconnected world of Industry 4.0, “no single manufacturing base is an island”. — The Straits Times
SINGAPORE: Singapore’s economy managed to add 4,400 new manufacturing jobs in the first six months of 2023, deputy prime minister Heng Swee Keat says.
This was despite the ongoing malaise hampering factory activity, even as economies emerged from the Covid-19 pandemic.
Speaking at the opening ceremony of the Industrial Transformation Asia-Pacific (Itap) 2023 event held at the Singapore Expo, Heng said that these additional jobs were the result of the “good progress” made since the previous edition of Itap in 2022.
Back then, he had launched refreshed industry transformation maps for five sectors – electronics, precision engineering, energy and chemicals, aerospace, and logistics – to boost resilience and seize new market opportunities.
Heng also said that in the hyperconnected world of Industry 4.0, “no single manufacturing base is an island”.
“Rather, each country is a node whose connection and connectivity with other nodes will shape the pace of progress and prosperity, globally,” he added. — The Straits Times/ANN
