Source : https://www.spireresearch.com/newsroom/media/singapore-celebrates-its-golden-jubilee/

Singapore celebrates its golden jubilee


7 – 13 August 2015
China Daily – Asia Weekly

Singapore celebrates its golden jubilee

Singapore celebrated its golden jubilee as one of the world’s developed economies. Following the death of founding father Lee Kuan Yew and the current global economic headwinds, can economic momentum be maintained? Japnit Singh, Senior Director, Singapore and India, of Spire Research and Consulting shared his insights in China Daily – Asia Weekly.

Singapore has successfully built a strong foundation for its economy with human development indicators such as education, life expectancy and per capita income on a positive high.

Singh cautioned that the nation needs to focus in order to take bold and productive political decisions without becoming complacent. Moreover, it would be interesting to see if the next generation of political leaders would take difficult decisions with the same firmness and transparency as the founding fathers have done in the past.

Singapore’s GINI coefficient – calculated as the ratio of income of the top 20% of population with the bottom 20% – is the third highest in Asia. Singapore has concentrated on wealth creation thus far. Distributing this wealth more equally among its citizens should be the next objective. Singh opined that access to education and skill development would help to curb rising income disparity.


For media enquiries, please contact:

Nidhi Singh
Assistant Manager, Group Corporate Communications
Spire Research and Consulting
Phone: (91) 124 646 5499
E-mail: nidhi.singh@spireresearch.com


About Spire Research and Consulting

Spire Research and Consulting is the leading research consultancy in global emerging markets. Spire's competitive advantage lies in its ability to deliver actionable intelligence on the external business environment in support of its clients’ strategic decision-making in marketing and business development. Spire's clients include 50 Global Fortune 1000 companies and government agencies in 15 countries. For more information, please visit www.spireresearch.com.


For media enquiries, please contact:

Alyssa Tan
Manager, Group Corporate Communications
Spire Research and Consulting
Phone: (65) 6838 5355
E-mail: alyssa.tan@spireresearch.com

Nidhi Singh
Executive, Corporate Communications
Spire Research and Consulting
Phone: (91) 124 654 2062
E-mail: nidhi.singh@spireresearch.com