Q5:Why can't we focus our efforts on other engines of growth?
Ans:Let our tourism industry carry on as it is and focus our efforts elsewhere.Our external environment has changed significantly. To grow and prosper, Singapore needs to adopt a multi-pronged strategy to seize economic opportunities swiftly.The development of our tourism industry cannot be viewed in isolation from other sectors of our economy. Even as we continue growing Singapore as a healthcare, aviation and life sciences hub, we must enhance our entertainment quotient and destination appeal to leisure and business visitors and foreign talent. For example, our status as an aviation hub depends significantly on how attractive we are to overseas leisure and business visitors. The growth of our life sciences industry depends on our ability to attract foreign talent. Hence, our efforts in enhancing our tourism industry through projects such as the IR would have wide-ranging impact on other sectors of our economy.
