August 31, 2017 10:00 am JST

How Singapore is going from trade hub to innovation hub

City-state looking to compete with Silicon Valley

TAKASHI NAKANO, Nikkei staff writer

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.