Singapore government to renew economy so all will benefit

AS Singapore adjusts to slower growth over the next 50 years, the government on Tuesday outlined its plans to keep the nation a place "where dreams are built and aspirations can be fulfilled".

To that end, four ministries released their addenda to the President's Address on Tuesday, with a focus on efforts to renew the economy, so as to provide opportunities for all.

These are the Ministry of Education, the Ministry of Manpower, the Ministry of Trade and Industry, and the Prime Minister's Office (overseeing both the Monetary Authority of Singapore and the National Research Foundation).

In addition to continued investment in education at the school level and in the SkillsFuture initiative, the government said, the Committee on the Future Economy will develop strategies to ensure all Singaporeans benefit from the country's economic progress.

More diverse and inclusive opportunities will also be created, to allow those with different strengths to progress and grow in their careers.

More ministries will release their respective addenda throughout the week. Parliament will sit again on Monday as the House gets set to debate the President's Address for five days.