The Singapore Government has announced determination “to keep Singapore a nation of opportunity, where every Singaporean can succeed whatever his starting point, where pathways upwards are open to all, at all stages of life.”

A statement on the ambition issued by the Prime Minister’s Office on May 19 pointed out the country’s advantages such as “an open and business-friendly environment, a high reputation, good governance and strong institutions, well-developed infrastructure and a skilled workforce.”

It affirmed these will “help Singapore to transform its economy, raise productivity, invest in research and development, and sharpen the country's competitive edge.”

It adds, a strong economy would create more PMET (professional, managerial, executive and technical) jobs for Singaporeans and all young Singaporeans would be supported to maximise their potential through a good education.

In response to the announcement, ministries began mapping out their respective policies and plans.

The Ministry of Trade and Industry will set aside over 300 million SGD over the next three years to support small and medium-sized enterprises (SMEs) in their restructuring efforts, spend 1 billion SGD from the National Productivity Fund on productivity programmes, mainly targeted at SMEs, and help 40,000 to 45,000 young Singaporeans to enter the job market each year over the next three years.

The Manpower Ministry said it would enhance job facilitation efforts for all displaced workers, and improve accessibility to training for SMEs and their workers.

In terms of infrastructure, the government will continue to upgrade Singapore's port and airport and enhance the country's connectivity.-VNA