Chaired by Deputy Prime Minister & Minister for Finance Mr. Heng Swee Keat, the Council comprises members from government, industry, unions, and educational and training institutions. At its essence, livable density is about creating quality … There are a number of key trends that will make the economic environment that Singapore must operate in more turbulent, while also creating new opportunities for growth. Singapore sits astride the three greatest economic stories of the twenty-first century — the explosive growth and transformational development of China, India, and ASEAN. What intrigues you the most about this fascinating city? The new development will comprise offices, two hotels, shops and residences. A few weeks ago, William Koh's futuristic digital renderings of Singapore made its rounds on social media. As a city-state, Singapore’s position has always been precarious in a global economy dominated by a few big nations and monopolies. Positive, yet declining, natural change and net migration will ensure that Singapore’s population grows at a decelerating rate up to 2030. Singapore is a high-income economy with a gross national income of US$54,530 per capita, as of 2017. Ministries understand that preparing for the future is just important as drawing insights and reacting to the present. The Master Plan is a land use plan that guides Singapore’s development needs over the next 10 to 15 years and is updated every five years. Singapore in Southeast Asia is at once an island, a city, and a country. Given our land constraints, Singapore has no choice but to adopt high-density development. During his speech at the launch of the Draft Master Plan 2019 Exhibition, Mr Lawrence Wong, Minister for National Development, said: “Cities everywhere have their own processes for urban planning. Ageing, compounded by falling birth rates and increasing life expectancy, will continue to shape the demographic landscape. A lock ( ) or https:// means you’ve safely connected to the .gov website. The sectors are: finance, hub services, logistics… This has required integrated an… The younger generation seem less happy to slot into the roles they are expected within the family unit as well. Under the government’s Research, Innovation and Enterprise (RIE) 2020 plan, Singapore is investing in its smart future, with around S$4 billion (US$2.8 billion) to be used for boosting research and innovation each year from 2016 to 2020. These are just some of the futures Singapore could face in the year 2030, according to a new research report by the CIPD, the professional body for HR and people development, and the Human Capital Leadership Institute (HCLI). The commitment reflects the city-state’s drive to maintain its competitive edge in building a knowledge-based economy and society. To maintain trend growth, Singapore must focus on SMEs to provide local innovation. Future Cities: Singapore focuses on the exceptionally forward-looking urban approach of the island nation, to learn about the challenges of planning for future generations. In Singapore's 2020 Budget, I hope to see a greater commitment to sustainability and urban development. With 5 million people condensed into 700 square kilometers, space is at a premium. “Government does not have a choice here, we must do both,” Maniam believes. The Future Economy Council (FEC) drives the growth and transformation of Singapore’s economy for the future. Share sensitive information only on official, secure websites. With visionary thinkers and innovators as the guides, City of the Future: Singapore dives deep into the latest innovations and technology being created and implemented to blaze a path into the future. As a small island city-state with limited land and no natural resources, Singapore appreciates well the challenges of sustainable development. This means connecting eight in 10 households to within 10 minutes of a train station. The Report of the Committee on the Future Economy highlights seven key sectors that will help Singapore maintain its momentum in the coming years. Regardless of your starting point, you can realise your goals and aspirations through a holistic system of education and training. Singapore: Charting The Future The city-state has long thrived as a vital hub in the heart of south-east Asia, but recent events have shaken up global trade. Singapore has enjoyed a period of impressive economic development, and the key for its sustained success lies in the talent of its people. Four Visions of Singapore future 2030 ‘Steady as she goes’ – a recognizable projection of the present. In the decades after independence, Singapore rapidly developed from a low-income country to a high-income country. SkillsFuture is a national movement that provides opportunities for all Singaporeans to develop to their fullest potential at different stages of their lives. The most feasible solution to Singapore's economic and unemployment woes was to embark on a comprehensive program of industrialization, with a focus on labor-intensive industries. A look into the video and image below will provide a better understanding visually on the future of Jurong Lake District. It will be the future permanent home of the Singapore Garden Festival. The complex is scheduled for completion in 2016. Economic growth generates the resources to invest in education, research and development, security, infrastructure, and public services. Relying solely on adopting technologies that are developed abroad is no longer sufficient to boost our economic growth. Secure .gov websites use HTTPS. Singapore is considered one of the most advanced regions in the world. The majority … Developments around Jurong Lake District In 2015, the location of the Kuala Lumpur – Singapore High Speed Rail (HSR) Station was announced to be within the Jurong Gateway area. SINGAPORE: More homes will be built in the central business district (CBD) and Marina Bay area, the Urban Redevelopment Authority (URA) said on Wednesday (Mar 27). The country provides one of the world’s most business-friendly regulatory environment for local entrepreneurs and is ranked among the world’s most competitive economies.. Unfortunately, Singapore had no industrial tradition. Singapore will move from a phase of rapid catch-up growth to a phase of trend growth, marked by a likely GDP growth of less than 2% per annum. For this reason, our research explores the future of ‘talent’ in Singapore … Future Retail can’t avoid arbitration process in Singapore India import hurdles hit Apple iPhone, Xiaomi devices from China: Report There’s no end to the festivities with the Audi Q8 Celebration Our target by 2030 is to expand the rail network to about 360km. South Beach is a planned commercial and residential complex to be located on Beach Road in the Downtown Core of Singapore. The declining birth rate is one. With no natural resources, Singapore has had to be resourceful to make a living for ourselves. Singapore is a smart city known for its autonomous systems on security and maintenance, its forthcoming driverless taxis, and soon enough, it’s going to get even more complex. Here, the freelance concept artist talks about his motivation behind his personal project, "Neo Singapore 2085," how science fiction movies influenced his work and why some parts of Singapore might become more industrial in the future. This has entailed finding ways to create and add value, producing goods and services that are in demand by others, and making careful use of resources. Still, unnaturalness may well be the world’s conceivable future; certainly it will be Singapore’s, as the country prepares to terraform itself in search of space. With 360km of rail network, Singapore will have a total rail length that is longer than major cities such as Tokyo or Hong Kong today, and be on par with London and New York City. Singapore has the opportunity to take a leadership position on urban living in Asia by evolving our current policies to better encourage and reward developers that champion sustainable practices across all elements of their projects. Expected within the family unit as well means connecting eight in 10 households to within 10 minutes of a station. Our land constraints, Singapore ’ s drive to maintain trend growth, Singapore well! 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