Budget Speech

Enhancing the Competitiveness of Our Pillar Industries

81.      The four well-developed pillar industries, namely trading and logistics, financial services, business and professional services, and tourism, are the major driving forces of our economy. In 2009, they made a contribution of 56 per cent to our GDP and brought about a total value added of $860 billion. The number of employees in these industries was over 1.65 million, representing 47 per cent of the whole labour force. I will now briefly describe the development of these four industries.

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