Workers’ Party to table motion calling for an ‘economy of the future’ for all Singaporeans

He then said his speech will cover how Singapore can create a business climate in which dynamic local firms can emerge and succeed.

Mr Tiong then added that his speech will bring up ideas on funding research and development. Responding to separate question, he said the WP MPs will also be addressing how Singapore can foster a “dynamic enterprise and innovation ecosystem” that maximises value in spite of high business costs and physical constraints.  

In a press release, the WP said that the motion speaks for Singaporeans who feel that the economy is “no longer working for them”. 

This includes groups such as young Singaporeans who have “done everything asked of them and still struggle to find their footing in the world”, as well as the small local businesses that employ the majority of Singaporeans but “find it harder each year to keep going”.

“Though their circumstances may differ, the underlying question is the same: is this economy working for all Singaporeans?” said the party.

“That is the question this motion asks the House to confront, and the challenges we face today are why we believe it is time to re-envision Singapore’s economic future.”