The rise of intangibles and innovation

Published Thu, Feb 25, 2021 · 05:50 AM

IN this year's Budget, Deputy Prime Minister and Finance Minister Heng Swee Keat signalled Singapore's response to the post-pandemic economic landscape, which he noted is significant for the shift from physical to digital ways of transacting across borders, and the shift from tangible to intangible asset value creation as a pathway to economic growth.

The reference to intangible assets is an important and progressive one and demonstrates Singapore's grasp of the post-pandemic economic opportunity and the future of trade and enterprise regionally and beyond.

The Singapore economy is well-geared to navigate this new economic landscape, with its strong recent focus on science and technology innovation and digital transformation. It has acknowledged for some time t…