The Lion City Roars
On Tuesday, news broke that Novartis will invest US$700 million in a new biotech plant in Singapore, while on the same day the Monetary Authority of Singapore released figures showing that the country’s economy grew by 7.9 percent last year (though this is predicted to slow next year). Then on Wednesday, Singapore’s Manpower Ministry announced that the country’s unemployment rate fell to 1.7 percent during the past quarter—a 10-year low—causing a pay spike in high-demand areas like financial
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