Capabilities of firms, workforce buffer for headwinds
DPM Heng says such capabilities can help Singapore weather the current economic challenges; also urges firms to deepen industry partnerships
Singapore
SINGAPORE is vulnerable to uncertainties in the global environment and its buffer against present headwinds are companies and workers' capabilities, which will enable it to ride the eventual upturn, said Deputy Prime Minister Heng Swee Keat on Tuesday.
"But capabilities can only be built if we have strong partners who have confidence in us, and who are willing to stick with us through business cycles," he added at the Distinguished Partner in Progress Award ceremony at the Mandarin Oriental Hotel.
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