Singapore will compete harder to be the destination for multinational corporations (MNCs) looking to relocate their operations and research and development facilities in the face of US tariffs. This was named as a priority of the Economic Strategy Review (ESR) Committee on Global Competitiveness during a press conference on Aug 4. The committee is headed by Mr Jeffrey Siow, Acting Minister for Transport and Senior Minister of State for Finance, and Ms Low Yen Ling, Senior Minister of State for Trade and Industry, and Culture, Community and Youth. TIMESTAMPS 00:01 Jeffrey Siow on developing a competitive edge 01:16 Pursuing new growth areas 03:09 Advanced manufacturing and global champions 04:21 Singapore as a global hub Follow The Straits Times on YouTube: https://str.sg/ytsub Turn on notifications 🔔 to stay updated. -------------------- WEBSITE ➤ https://www.straitstimes.com WHATSAPP ➤ https://str.sg/whatsapp TIKTOK ➤ https://www.tiktok.com/@straitstimes INSTAGRAM ➤ https://www.instagram.com/straits_times FACEBOOK ➤ https://www.facebook.com/TheStraitsTimes TWITTER ➤ https://twitter.com/straits_times TELEGRAM ➤ https://t.me/TheStraitsTimes PODCASTS ➤ https://str.sg/stpodcasts #straitstimes #singapore