Singapore Will Stay Open For Business: PM Lee

04 Apr 2013

Prime Minister Lee Hsien Loong unequivocally assured top corporate leaders in America that Singapore remains open for business and will help companies to succeed.

While Singapore is undergoing a challenging phase of economic restructuring and will grow more slowly, he promised them that Singapore will continue to welcome foreign talent and investments to its shores.

"I want to assure everyone here that Singapore remains open for business. We are focused on growing a vibrant economy, to generate opportunities for Singaporeans. We continue to welcome talent and investments, while being mindful of our physical and social constraints," he said in a wide-ranging speech to members of the US Chamber of Commerce and US-Asean Business Council on Tuesday.

His assurance comes as foreign investors raised concerns recently that Singapore is closing its doors to the world as it continues to tighten the inflow of foreign workers amid increased resentment to foreigners.

Source: http://www.straitstimes.com/breaking-news/singapore/story/singapore-will-stay-open-pm-20130403