This report provides an overview of the economy of Singapore, including its current status and challenges. It discusses how enterprises can respond to the changing economic conditions by increasing productivity, exploring new markets, and forming joint ventures. It also explores how the government can support the economy through maintaining economic openness, supporting internationalization, and implementing tax reforms. Additionally, the report highlights the role of productivity and innovation in promoting international trading. Overall, it emphasizes the need for coordination between enterprises and the government to foster economic growth.