PM Lee: Make Singapore preferred place for business

PM Lee: Make Singapore preferred place for business

SINGAPORE - Singapore must continue to attract high-quality investments to create better jobs for Singaporeans, as well as develop a strong group of finance specialists and leaders here, Prime Minister Lee Hsien Loong said yesterday.

The country's economy and people have benefited from the vibrant financial sector here, he said.

"We also need to continue strengthening our pro-business environment, so international companies and professionals continue to find Singapore not just a good place to do business, but a preferred place to do business," he added.

Mr Lee was addressing over 250 finance-sector stakeholders and tenants at the opening of the Marina Bay Financial Centre at The Lawn @ Marina Bay.

Office towers 1 and 2 of the integrated mixed-use development - comprising office space, residential units and retail outlets - have been fully leased, as is the Marina Bay Link Mall.

Office Tower 3, which houses the headquarters of home-grown bank DBS, has reached almost 90 per cent occupancy.

Mr Lee noted that the financial industry has been doing well. It accounts for more than 12 per cent of Singapore's gross domestic product, and is expected to grow by 3 per cent this year, he added.

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