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How Singapore is going from trade hub to innovation hub

City-state looking to compete with Silicon Valley

Having built its fortune on global trade, Singapore is now looking to establish itself as the world’s leading center for innovation. (Photo by Ken Kobayashi)

SINGAPORE -- Nyha Shree and Joe Tusin are each drawing up plans to expand their businesses in an office opened by U.S. digital payment platform PayPal in Singapore's Marina Bay area.

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