Industry Insight: Opportunities and challenges in S'pore’s manufacturing sector

Singapore’s manufacturing sector, which contributes over 20 percent to its gross domestic product, continues to be a cornerstone of the economy and a key driver of growth. What are the current trends shaping Singapore’s manufacturing industry? Given the challenges such as rising costs, and geopolitical tensions, how can the sector weather headwinds to stay globally competitive and achieve long-term growth? Lennon Tan, President of the Singapore Manufacturing Federation, weighs in on the current landscape and the impact of Budget 2025 on the sector. See omnystudio.com/listener for privacy information.