'Important to take a longer term view': DPM Gan announces 5 new committees to strengthen Singapore's economic relevance
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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 (Au'Important to take a longer term view': DPM Gan announces 5 new committees to strengthen Singapore's economic relevance
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