Government of Singapore Allots S$450M for Construction Prod

Since the growth and development of Singapore has been thriving, the government has turned its attention to the core of industrialization in the country: construction. With the risk of other neighboring cities like Jakarta, Indonesia, Kuala Lumpur, Malaysia and Seoul, South Korea of surpassing Singapore of its throne in Industrialization, the government allotted S$450 million for its construction productivity alone. The budget allocation is also due to the increase in businesses in the country. Local construction companies like Axis Capital Group, is set for a hectic year ahead.