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SINGAPORE: Singapore\u2019s economic success has always depended on its ability to adapt quickly to a changing world, and that approach must continue as global uncertainty intensifies, said Economic Strategy Review (ESR) committee co-chair Jeffrey Siow.<\/span><\/p>\n Young Singaporeans should not fear an increasingly volatile global landscape but instead view it as one filled with opportunities, he added.\u00a0<\/span><\/p>\n \u201cI want to get young Singaporeans to feel that you don\u2019t have to fear \u2026 You will have a strong base to work on,\u201d he said.\u00a0<\/span><\/p>\n \u201cAs a young person, if you’re just following a tried and tested path, at the end of the day, what we have achieved, we just have walked the road that others have walked \u2013 but why not we just walk a new road for ourselves? I think that is the measure of the man.\u201d<\/span><\/p>\n Mr Siow was speaking to CNA\u00a0on Friday (May 22), following <\/span>the release of the five ESR committees\u2019 recommendations<\/span> earlier this month on how Singapore can steer its economy forward.<\/span><\/p>\n The 32 recommendations \u2013 which focused on emerging growth areas such as artificial intelligence \u2013 came after nine months of consultations involving more than 7,700 stakeholders, including businesses, unions and workers.<\/span><\/p>\n The recommendations are aimed at positioning Singapore for long-term growth in a more fragmented, contested and fast-changing world.<\/span><\/p>\n Mr Siow, who co-chairs the ESR committee on global competitiveness, said Singapore\u2019s core strengths remain relevant even as the global economy becomes more protectionist.<\/span><\/p>\n \u201cThe characteristics that have propelled Singapore’s success over the last couple of decades, whether it’s trust, connectivity, openness to talent and capital \u2013 all these remain relevant in the new world, where it’s more volatile and more uncertain,\u201d he added.<\/span><\/p>\n<\/div>\n SINGAPORE: Singapore\u2019s economic success has always depended on its ability to adapt quickly to a changing world, and that approach must continue as global uncertainty…<\/p>\n","protected":false},"author":1,"featured_media":55482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/dam.mediacorp.sg\/image\/upload\/s--i9h8zbiT--\/c_fill,g_auto,h_676,w_1200\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2026\/05\/26\/screenshot_2026-05-26_144514.png?itok=-2VyYhmz","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[21503,86,3655,23508,3275,2245,22,3276,2165,526],"class_list":["post-55481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-news-sg-global","tag-bets","tag-bold","tag-competitive","tag-fragmented","tag-jeffrey","tag-making","tag-singapore","tag-siow","tag-stay","tag-world","wpcat-2-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/55481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55481"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/55481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/55482"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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