Mr. Wong argued that the current global culture is “very uncertain,” and that this will put pressure on smaller and available economy like Singapore.
” We have to be prepared for tougher competitors and do everything we you,” he continued.
According to Mr. Wong, the government announced a$ 3 billion addition to the National Productivity Fund to provide “extra firepower” to stay competitive and draw in investors.
The fund was established in 2010 to help with initiatives to increase efficiency and teach staff members.  ,
” We are taking steps to improve our business ecosystem, our innovation and technology vehicles, and strengthen our system.” And these actions will ultimately lead to better jobs and better options for all Singaporeans, he continued.
According to Mr. Wong, the specialists will take “proactive steps” to make sure Singapore continues to be a trustworthy and trustworthy partner in international trade and commerce.
We may work even harder to remain present in today’s scattered world as a hub where businesses from all over the world you operate with confidence and assurance, he added.
Cultural Paying ARE EXPECTED TO AGREE,
Even with a robust and expanding business, Singaporeans ‘ day-to-day circumstances does change, according to Mr. Wong.  ,
Members on both sides of the house were quick to bring up this in their remarks over the past two weeks, he said,” Life in a small town like Singapore with no countryside can be aggressive and difficult.”  ,
He noted that “bolder moves” had been suggested by some aspirants for the government to implement social laws.  ,
He claimed that there are numerous instances of social support programs that started with the best intentions but merely turned out to be more problematic around the world.
For instance, some states provide universal health care, but they are now dealing with rising prices and a clogged healthcare system.
This is not about federal spending, Mr. Wong said to be evident.  ,
” We are willing to spend more where needed,” according to the statement” we are equally as important to get the policies right and make sure the general system is financially sound and sustainable.”
He claimed that” the foundations of our social system and social compact” are being gradually strengthened.