Singapore’s regulatory environment may be an important competitive advantage in the future when it comes to nurturing the next tech giant, said Education Minister Ong Ye Kung. He spoke about the importance of regulation. In many markets, start-ups took off due to a lack of regulation, the minister noted. “Singapore can never be that kind of market because we are (an) urban city, everything in Singapore is well-regulated,” said Mr Ong.” Instead, for us, we must become and urban test-bed; well-regulated but able to harmonise and reconciliate different trade-offs.” This balanced solution creates an environment where the best solutions can test-bed in Singapore, which will be a strong competitive advantage, he said, adding that this has become a model for other countries to look at.... Continue Reading