Singapore pours it on even in rough waters

摘要

Singapore has endured its fair share of economic hardships during this downturn, but instead of running for cover, the island nation is forging full steam ahead while weathering the latest storm. Aimed at promoting itself as an investment hub for foreign investors and responsible for transforming Singapore into a wafer-manufacturing powerhouse, the country's Economic Development Board (EDB) launched the Industry 21 project in early 1999 to develop knowledge-based industries in Singapore over the next 10 years.