"We overcame the odds and transformed our economy": Prime Minister

Mr Lee Hsien Loong said GDP per capita is now almost S$60,000 compared to the S$1,374 fifty years ago.

During the EDB 50th Anniversary Gala Dinner, he noted how Singapore was a very different place when EDB was formed half a century ago.

The Prime Minister said economic transformation was achieved with EDB playing a key role by attracting billions of investments and projects which created millions of jobs.

The Government and people must continue to focus on economic development, he said, and Singapore’s leading position amidst the many choices for companies in today’s globalised world should be reinforced.

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