Workers' Party files Parliamentary motion for a 'more equal and inclusive economy'
The Workers' Party (WP) will file a motion to speak on how Singapore can upgrade her economic structure for the benefit of all citizens when Parliament sits on Tuesday (Aug 4).Titled «an economy of the future that works for all», the motion expresses the need for a «more equal and inclusive economy» that gives households, businesses, workers and innovators more opportunities.It also states that the economy should be driven by local companies and domestic demand, as well as the expansion of Singaporean capital overseas.Most WP MPs are expected to debate various economic issues and topics in the motion led by Aljunied GRC MP Kenneth Tiong and Sengkang GRC MP Assoc Prof Jamus Lim.Tiong told reporters on Saturday (Aug 1) that Singapore has relied on multinational corporations (MNCs) to grow the economy, but companies are beginning to move their regional headquarters and production facilities elsewhere.«Singapore faces a new set of challenges and markedly different global realities. We cannot rely on a safe playbook to succeed, and we cannot just rely on headline growth numbers to propel Singapore forward,» he said.