5 minute read In the recent Budget 2021, DPM Heng Swee Keat talked extensively about innovation as a key economic driver for Singapore’s recovery from the pandemic in 2021 and beyond. Creating a vibrant business community will require innovation and disruption, lest they be caught out by the rapidly changing winds of technology and geopolitics. Singapore’s recovery hinges on innovation because businesses provide not only goods and services but also jobs. If businesses can find unique and better solutions to existing problems in the country and the wider region, they stand a better chance at long-term growth and creating better jobs for their employees.