S'pore overtakes HK's GDP

The Republic has overtaken Hong Kong's gross domestic product (GDP) for the first quarter of this year as the emphasis on the manufacturing sector continues to sustain growth. Visiting associate professor (practice) Bernard Lee said: “Another key factor in Singapore is the drive by its Government to move up the value chain of concentrating in more innovative, knowledge-based sectors. For the economy to grow, it must constantly build successful companies that are globally competitive.”