The Government will have five new committees to strengthen Singapore's economic relevance amid geopolitical uncertainties and technological disruptions.The new committees were announced by Deputy Prime Minister Gan Kim Yong at a press conference on Monday (Aug 4), where he detailed Singapore's Economic Strategy Review (ESR).The ESR, he said, will chart a «forward-looking economic blueprint» to sharpen Singapore's economic competitiveness and deepen its economic resilience. This comes amid major disruptions to the «rules-based multilateral trading system» caused by US tariffs, which make it «important to take a longer term view». DPM Gan, who is the Minister for Trade and Industry and the chairman of SERT, said that the third workstream of SERT — aimed at developing longer-term strategies and responses to transform businesses and support the workforce — will be replaced by the five new committees.SERT stands for the Singapore Economic Resilience Taskforce.The five committees will develop longer-term strategies in the following areas: Read more