[SINGAPORE] The Republic must prepare for “more churn”, as economic dynamism requires that companies be allowed to fail, said Prime Minister Lawrence Wong in Parliament on Wednesday (Sep 24). While multinational corporations (MNCs) remain key economic anchors, Singapore must work harder to energise its enterprise ecosystem, he said in the debate on the President’s Address. The country aims to become more attractive to startups and emerging companies, whether these are home-grown or overseas ones seeking a base in Asia. “These are the companies that will shape our future success.” A different approach is needed here, he said. Some enterprises will fail, and inevitably spark calls for government support.   https://www.businesstimes.com.sg/singapore/singapore-must-prepare-more-churn-company-failures-are-part-ecosystem-renewal-pm-wong (ICE SINGAPORE)

Fonte notizia: The Business Times, 24 September 2025