WP motion: Kenneth Tiong proposes NTU innovation zone, Pritam Singh calls for legislated retrenchment benefits
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Workers' Party MPs on Wednesday (Aug 5) put forward a range of proposals in Parliament aimed at addressing challenges facing Singaporean workers, young people and local businesses.A motion titled «an economy of the future that works for all» was mWP motion: Kenneth Tiong proposes NTU innovation zone, Pritam Singh calls for legislated retrenchment benefits
Workers' Party MPs on Wednesday (Aug 5) put forward a range of proposals in Parliament aimed at addressing challenges facing Singaporean workers, young people and local businesses.A motion titled «an economy of the future that works for all» was moved by Aljunied GRC MP Kenneth Tiong, who said in his opening speech that Singapore needs an updated growth model.Speaking on the challenge of innovation and entrepreneurship, he submitted the creation of a «special» zone consisting of residential and commercial space, including local enterprise and R&D, around Nanyang Technological University (NTU).Tiong said the State land in this district should not be priced at market scarcity value. Instead, it «takes its return in the companies that grow there instead of in rent».Tiong argued that high land costs have become a barrier to research, entrepreneurship and innovation, particularly for younger Singaporeans.He described the proposal as an «experiment» that could create a district that is both «pro-worker and pro-business».









