Right approach needed to meet the challenge of disruption from technologies: Heng Swee Keat

Right approach needed to meet the challenge of disruption from technologies: Heng Swee Keat

BEIJING – New technologies will have an impact on a wide range of sectors and jobs, but there are ways to respond to make the most of the coming disruption while minimising harm, Finance Minister Heng Swee Keat said on Saturday (Nov 25). Responding to questions from students of Tsinghua University, Mr Heng said a more globally integrated and digital economy means competition can come from totally unanticipated sources, pointing to home-sharing firm Airbnb, for example, which nowhas the largest network of "hotels" in the world. Other sectors that are seeing significant change include manufacturing and finance, where fintech […]