HR NEWS

PM Lee: Singapore to continue economic restructuring plans in 2018

PM Lee: Singapore to continue economic restructuring plans in 2018

In his 2018 New Year Message titled A Strong Foundation for the Future, Singapore’s prime minister Lee Hsien Loong noted that incomes in Singapore have gone up across the board, especially for low and middle earners. In fact, the nation’s economy grew by 3.5% – more than double its initial forecast.

While the city has benefitted from the global economic upswing, more fundamentally, according to PM Lee, the nation’s productivity has grown. He remarked: “Singaporeans are upgrading and learning new skills, while businesses are innovating and adopting new technology.”

“That is how we will stay competitive and ready for the future,” he continued.

Agenda for 2018

Apart from highlighting last year’s initiatives and efforts in review, PM Lee also shared the agenda for 2018 – one of which is to press on with the economic restructuring plans.

He said: “The Future Economy Council is working closely with unions and businesses to implement Industry Transformation Maps, inculcate lifelong learning in our workforce through SkillsFuture, and help affected workers to adapt and grow in new jobs and careers.”

“We are building more preschools to give children a strong start in life,” he added.

Meanwhile, commuters can look forward to an expanded MRT network. According to PM Lee, the government aims to improve rail reliability and grow its MRT network.

Not only that, PM Lee remarked: “We will also be undertaking major infrastructure projects including Changi Terminal 5, the Tuas Megaport, and the High Speed Rail link to Kuala Lumpur, to enhance our status as a transport hub.”

For the government’s agenda for the rest of the term, PM Lee said that President Halimah Yacob will deliver it in her inaugural President’s Address when the new parliamentary session opens in May.

He commented: “This will bear the imprint of the fourth-generation leadership, who are taking on greater responsibilities, and putting forth their ideas for Singapore.”

 

5 months ago

By admin


Social Share : Share      

Comments.....

Submit new comment

Most Viewed

Walmart gives workers a way to get paid earlier...

6 months ago

637,000 new pilots required for airlines over next 20 years: Boeing...

11 months ago

Wanted Admin Manager - NEXA/AUTOFIN LIMITED. Click here for more details...

7 months ago

Opening for the post of Data Analyst, Human Resources - British Columbia, Canada...

5 months ago

Tata Steel Netherlands workers protest Thyssenkrupp merger...

8 months ago

Air India recruitment 2018: Job notification announced, 10th pass candidates, Gr...

6 months ago

Artificial Intelligence more concerning than North Korea: Elon Musk...

10 months ago

Unitech money laundering case: Court rejects bail plea to promoters, sends Sanja...

10 months ago

Wanted Assistant Manager - Admin, National Film Development Corporation Ltd. Cli...

6 months ago

New skin patch may help reduce obesity: Study...

6 months ago

Most Shared

Mass redundancies for Quebec cookie factory...

2 years ago

Trump this: 5 bold predictions for how he’ll impact HR...

2 years ago

InfoTycoon appoints existing President and COO Kevin George to succeed James Dav...

2 years ago

Sushant Dwivedy joins Aspiring Minds as SVP-Enterprise Client Solutions...

2 years ago

Uber introduces special reward programme...

2 years ago

Standard Chartered Bank to reduce 10% corporate & institutional banking staff...

2 years ago

National CineMedia (NCM) creates Affiliate Partnerships team, names Stacie Tursi...

2 years ago

OCC Names New CFO, Treasurer, and Chief Compliance Officer...

2 years ago

Beards at work are now a major turn-off say 61% of female office workers...

2 years ago

First female fast jet pilot of Britain hired as director at PwC...

2 years ago