Companies and nations in Asia urgently need to develop their talent, Singapore Prime Minister Lee Hsien Loong said here on Tuesday.
Speaking at Singapore Human Capital Summit, Lee said that for a small country like Singapore, acquiring and nurturing human talent is a matter of survival.
"Without much of anything else, we rely on human ingenuity and effort to build our economy and society," he said.
He added that to be a home for talent, Singapore must be at the forefront of human capital development, so that people see here as a place to stretch and achieve their potential.
He outlined several new human capital initiatives the country has taken to realize this.
Singapore's Economic Development Board (EDB) is spearheading the Singapore Leadership Initiative for building Networks and Knowledge (LINK). The Singapore LINK will bring together business schools, corporate universities and professional services firms in a single campus devoted to leadership and talent development.
Within the Singapore LINK, the Ministry of Manpower and the Singapore Management University will also establish a Human Capital Leadership Institute. The institute will offer a course which will provide leadership development, networking opportunities, as well as exposure to leading human resource and talent management practices in Asia.
"Let us work together to build a strong talent base for Asia, one which will create prosperity for our economies and better lives for all our peoples," he concluded.
Source:Xinhua
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