Singapore is spending big to future-proof its slowing economy

The island has few natural resources, hardly any land and faces many of the challenges that beset bigger developed nations such as Germany and Japan -- an aging society, resistance to immigration, reliance on global trade. More than a third of the nation’s exports go to Greater China or the U.S., putting it on the front line in the trade war and battering its latest export figures.

1. Green SkiesWith 5.6 million people on an island half the size of Houston, Singapore’s urban plan has long been to build up. Most citizens live in high-rise public housing developments that are up to 50 stories tall. As space runs out, the city is also putting more unusual amenities in the air. The bank has hired and trained 80 iPad-toting seniors to assist elderly clients navigate digital banking, said Yeo Wenxian, head of DBS & POSB branch banking. Last year, DBS launched a health and payment program for seniors, complete with a “Smart Sleeve” device that can track daily steps and make everyday payments.

The nation’s first robot masseuse, Emma, from AiTreat Robotics started work almost two years ago now and Changi airport’s autonomous cleaners, developed by local manufacturer LionsBot International with the Singapore University of Technology and Design, will fan out across the island by year’s end.

Source: News Formal (newsformal.com)

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