Singapore must be prepared if the US continues to impose its great taxes, such as those that multinational corporations may choose not to use Singapore as a hub for their exports, according to Mr. Wong.  ,
They may begin to consider moving up to the US to work for the US, which would have a” important effect” on Singapore’s economy.  ,
The Eastern tale, however, was Mr. Wong’s “one bright spot.” Companies will want to reorganize their supply stores and look for a” trusted starting to invest in Asia for Asia” because Asia has a huge and expanding business and a growing middle class.  ,
Singapore is take advantage of these opportunities, he continued, but it also requires that the nation maintain a stable business and political climate.
” We must keep our businesses open and competitive so that we can build a strong network of assets and continue to provide better jobs and better opportunities for all Singaporeans.”
This will require a significant overhaul of our economy, which the government will need to” properly manage,” he said. The nation had require skilled hands and capable individuals to guide it.  ,
The government does “invest substantially” to reskill and make Singaporeans for these opportunities because the new jobs are different from the ones created today.
JOB Options
Mr. Wong brought up the government’s plans for three different types of workers on the home front.  ,
The state will increase career counseling, career counseling, and job-matching programs at institutions of higher learning for recent grads. This will include assisting recent alumni in getting jobs and traineeships.
According to Mr. Wong, those who are already employed will receive” a new and significant injection of skills” to stay relevant and competitive.  ,
The government has already made significant investments in the SkillsFuture program, and it will continue to do so to make it easier for people to find trained, reskill, and advance their careers, as well as to find more advantageous work for themselves.
” We will be there to get you and help you swing back stronger,” he continued for those who lose their jobs.  ,
He cited the JobSeeker Support Scheme, which was introduced a few weeks ago, as “our type of employment insurance, but it’s better.”  ,
It’s not just about the rewards, though, but we’ll give you up to six months of temporary help. We will also stand with you, lend a hand to you, and help you with career counseling, mentoring, and career training.
NOT” ONE-OFF” SOUTH SUPPORT FROM BUDGET
Mr. Wong, who is also the Finance Minister, stated that the budget’s aid offer is” not a one-off thing.”  ,
” We does remain the assistance as much as we need it, so that we may also be prepared to do more if things get worse.” And box plans are all set to become activated.
Because the state had already made” hard and responsible” fiscal decisions, Mr. Wong claimed he could provide this assurance with confidence.
” And that’s why we may face the challenges that lie ahead confidently now.” We have the tools to help you. We have the tools to help Singapore navigate this turmoil without incident.