Singapore's ICT sector grew despite recession in 2009
By Lynda Hong, Channel NewsAsia | Posted: 06 March 2010 2233 hrs
By Lynda Hong, Channel NewsAsia | Posted: 06 March 2010 2233 hrs
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SINGAPORE : Despite the economic downturn last year, the
information and communications sector was the only area that saw growth.
And this trend is set to continue in 2010.
In addition, more jobs can be expected in the infocomm industry.
Last year, the strong areas of employment growth included digital media and animation, software development and research & development.
Acting Information, Communications and the Arts Minister Lui Tuck Yew said this at a gala dinner for the industry on Friday night.
He said the government will continue to ensure Singapore continues to maintain a pro-infocomm and pro-business environment - all to make Singapore an ideal place for investment.
Mr Lui said: "I expect IT spending to go up. The prognosis for the IT sector for 2010 is good. We know that in 2009, despite the downturn, it was one of the bright spots in terms of economic performance.
"For 2010, both the IDA (Infocomm Development Authority of Singapore) survey, and the SITF (Singapore Infocomm Technology Federation) survey indicated that 70 per cent or more of the companies have plans to expand their operations.
"2010 will be an even better year for them. And we think that this will result in more hiring and more opportunities for people."
As for homes, more than eight in 10 households are now connected to the internet. This is one of the fastest growth in years.
In 2008, three out of four households had an internet connection.
In addition, more jobs can be expected in the infocomm industry.
Last year, the strong areas of employment growth included digital media and animation, software development and research & development.
Acting Information, Communications and the Arts Minister Lui Tuck Yew said this at a gala dinner for the industry on Friday night.
He said the government will continue to ensure Singapore continues to maintain a pro-infocomm and pro-business environment - all to make Singapore an ideal place for investment.
Mr Lui said: "I expect IT spending to go up. The prognosis for the IT sector for 2010 is good. We know that in 2009, despite the downturn, it was one of the bright spots in terms of economic performance.
"For 2010, both the IDA (Infocomm Development Authority of Singapore) survey, and the SITF (Singapore Infocomm Technology Federation) survey indicated that 70 per cent or more of the companies have plans to expand their operations.
"2010 will be an even better year for them. And we think that this will result in more hiring and more opportunities for people."
As for homes, more than eight in 10 households are now connected to the internet. This is one of the fastest growth in years.
In 2008, three out of four households had an internet connection.
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CNA/ms
- wong chee tat :)
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