Singaporean Minister Gan Kim Yong has encouraged companies to implement CSR strategies that focus on the significant challenges the society will face in the future."
We encourage companies in Singapore to become more aware of CSR and to implement CSR strategies that focuses on the significant challenges that we, as a society, will face in the future", he has said. This report
quotes him as saying "Singapore adopts a practical approach to CSR, and believes that economic and social progress should go hand in hand. In our pursuit for economic growth, we have also not forgotten to strengthen our social capital, which is what makes a nation strong and resilient. Indeed, the strong tripartite relationship we see today, which has been a source of Singapore’s competitive advantage and enabled us to weather many difficult times, would not have been possible without strong social capital." I wonder how Singporean busineses will respond now that government has, at last, endorsed CSR.