Restructuring moves open to change, says GPC chairman

Singapore

THE government's restructuring initiatives are not set in stone and are open to change, said Liang Eng Hwa, chairman of the Government Parliamentary Committee (GPC) for Finance, Trade and Industry, on Tuesday.

"Of course, the schemes are not something cast in stone that we don't change. Over time, I think we should continue to fine-tune the schemes, or come up with new schemes. Some schemes may not serve their purpose anymore, and we should change them. This is something the GPC will always engage the MOF (Ministry of Finance) and MTI (Ministry of Trade and Industry) on," he said.