Stop trying to build Singapore MNCs
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The next phase should focus less on replacing MNCs with local champions and more on making Singapore harder to bypass, says the writer.
ST PHOTO: LIM YAOHUI
Tan Chong Huat and Tan Poh Hwee
The real path to economic resilience lies in deep-tech niches, patient capital and turning humble local suppliers into indispensable linchpins of global supply chains.
To those who cite the dearth of world-beating Singapore companies, consider AEM Holdings and Micro-Mechanics.