For companies and Singaporeans concerned about being left behind, the Government will announce measures in the next Budget to help them upskill, reskill and seize new opportunities, he added.Cautioning against complacency, Chan said the investment climate remains challenging and competitive.
Ongoing US-China tensions and technological disruption have also led to shifting supply chains, he said, adding that whether Singapore can play an important role in these depend on how it positions itself. There are also domestic challenges to contend with in Singapore, from improving the competitiveness of firms to upgrading the skills of older workers, he added.
Source: News Formal (newsformal.com)
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