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Drawing FDI still relevant to Singapore but is no longer enough: Ong Ye Kung

In his maiden parliamentary speech, he highlights how China and India may affect the country's economic fate

Lee U-Wen

Published Mon, Jan 25, 2016 · 09:50 PM

Singapore

THE post-colonial strategy of attracting foreign direct investment remains relevant for the Singapore economy but it is not enough in this next phase of nation-building, said Acting Education Minister (Higher Education and Skills) Ong Ye Kung on Monday.

Delivering his maiden speech in Parliament on the first day of the week-long debate on the President's Address, he noted how things would be different for the economy in the next 50 years.