UNCERTAINTY IS IMMEDIATELY THE” BIGGEST FACTOR,”
Mr. Gan repeatedly cited uncertainty in the global economy despite the” good news” that the trade war appears to be de-escalation.
He acknowledged the fall in US-China taxes as “encouraging developments” and called them “encouraging developments.”
After holding discussions in Geneva, the US and China late reached an agreement to reduce significant taxes for 90 days.  ,
” I if a word of caution, because the prospect is still very uncertain,” Mr. Gan said.
What will happen in 90 days is still a major problem level, and it’s not yet known whether negotiations with the other nations will go smoothly or whether they will ultimately reach an agreementable and practical level.
He added that the discussion between the world’s two largest economies serves as a” starting point” for a likely lengthy journey.
It’s encouraging that the US and China discussed the subject, but it’s too early to predict the outcome and the confusion persists, he told reporters. Many businesses are unable to make choices because they don’t know what the goal is.
It’s simpler for them to determine whether a business tariff is viable, no viable, whether they should trade or not if it is… Although it will be painful, it is at least specific.
It’s very hard for the business to make a decision if taxes are introduced and then removed at will and without guidelines, he said.
Revolution IN THE Work Power
In response to a big Cabinet reshuffle scheduled for the upcoming general election, Mr. Gan furthermore addressed a question about whether there might be changes to the members of the work force.
Five ministers are already members of the job force, including chairman Mr. Gan.
The various four officials are:
- Desmond Lee, Minister for National Development and Minister-in-charge of Social Services Inclusion
- Josephine Teo, the second-tier minister for household affairs and Josephine Teo, the minister for modern development and information
- Tan View Leng, the Minister for Manpower and the Next Minister for Trade and Industry,
- Chee Hong Tat, the Minister for Transport and Chee Hong Tat, the second secretary for funding
Because the work force visits were based on the officials ‘ portfolio, Mr. Gan speculated there may be some modifications.
The structure of the work force may shift if there are any changes to the portfolios. The prime minister will announce the new Cabinet roster, he said, so I urge you to remain calm.