SINGAPORE – With the Covid-19 outbreak under control, it is time for Singapore to refocus on the future, said Prime Minister Lee Hsien Loong in his National Day Rally speech on Sunday (Aug 29). He also noted that the pandemic had sharpened fault lines in society and made some difficult issues more urgent. The bulk of his speech addressed three of them: supporting lower wage workers, addressing anxieties over foreign work pass holders, and managing race and religion. Here are seven highlights from the speech. 1. Generating new growth, jobs and prosperity PM Lee said Singapore has survived its worst economic crisis since independence and must now “change gears”. “It is no longer about drawing down reserves to keep ourselves on life support,” he said. “It is about generating new growth, jobs and prosperity for the future.” With the global economy picking up, the Ministry of Trade and Industry is more confident that Singapore will also do well. The Republic’s growth forecast has been raised to 6 per cent to 7 per cent. It was previously 4 per cent to 6 per cent. To sustain longer-term growth, Singapore must preserve its status as a business hub, attract more foreign investments, and… Read full this story
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