The Singapore Commentator

Singapore saw more innovative businesses being set up last year.

Singapore attracts more innovation-driven enterprises from a rich diversity of industries & geographies
Last year, 3,664 new high-tech businesses and companies were formed in Singapore, of which 624 were foreign. This high level of innovation-driven enterprise formation affirms Singapore's pro-enterprise environment.

However, Singapore also saw fewer babies being produced last year.

New record low of 36,900 babies born in 2004, but trend reversing
The number of babies born last year has hit a new historic low. According to the Health Ministry, there were 700 fewer babies born last year as compared to 2003.

I guess Singaporeans can only afford to do one or the other, but not both.