SINGAPORE: As Singapore charts its economic blueprint amid global uncertainties, it is strategising ways to bring in more high-growth companies, encourage local firms to go overseas and become a global node for flows of data and low-carbon energy.
These are some of the “bolder moves” and “calibrated risks” that the government’s Economic Strategy Review team is focusing on to boost economic growth in the years ahead, Acting Minister for Transport and Senior Minister of State for Finance Jeffrey Siow said on Wednesday (Nov 19).
Mr Siow, who co-chairs the review’s committee on global competitiveness, also said it hopes to put up a mid-term report around next year’s Budget and receive some funding support.
“But between now (and then), it doesn’t mean that we’re waiting for the report before we implement these ideas. As we go along, when the ideas make sense, we will roll them out and start to execute,” said Mr Siow.
The government’s Budget is typically announced in February.
