14 Jan '11, 4pm

PM Lee says S'pore aims to be high-tech society

SINGAPORE : Singapore's Prime Minister Lee Hsien Loong said Singapore is aiming to be a high tech, high performance society. It operates at what he called "high clock rates" to produce breakthrough solutions. Speaking at venture capital firm Sequoia Capital's annual retreat, Mr Lee said Singapore and the firm shared a common purpose of creating value by identifying and seizing opportunities. He said it was precisely such an environment in Singapore that has attracted high tech companies like Facebook and Groupon here. Giving his outlook for the region, Mr Lee added that he sees Asia as a "bright spark in a world recovering from turbulence and recession", with China and India acting as twin engines of strong growth. But there are challenges such as possible risks of overheating economies and inflation. Mr Lee felt solutions were possible if economies band together. He said ...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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