SINGAPORE: In a speech in Parliament final week, Staff’ Occasion Member of Parliament (WP MP) He Ting Ru (Sengkang) mentioned that the long run prosperity of Singapore doesn’t rely solely on financial development or connectivity, but additionally on guaranteeing that these advantages attain Singaporeans.
“Finally, financial development should translate into stronger companies, higher safety, and most significantly, higher lives for Singaporeans,” she mentioned, underlining the necessity for the city-state to stay indispensable to the worldwide neighborhood even because it builds a fairer, extra resilient, and inclusive economic system to the benefit of employees, households, and companies.
Connectivity, not simply competitiveness
Ms He was one among six WP MPs who spoke on the Transport Movement (Reinforcing Singapore’s Place as a International Transport Hub) on July 7, saying that with the world in turmoil, what Singapore can do is redefine its position as a trusted connector facilitating the motion of products, capital, folks, and concepts, not simply turning inward or solely specializing in competitiveness.
The MP urged the federal government to make sure that digital commerce agreements and internationalisation don’t solely profit multinational companies however, extra importantly, Singaporeans and native SMEs. Amid quite a few digital economic system agreements, corporations and employees are nonetheless battling wages, greater residing prices, job safety and AI-driven disruption, she argued, including that clearer measures are wanted for figuring out whether or not digital economic system insurance policies are creating higher jobs, stronger native enterprises and higher alternatives for unusual Singaporeans.
In her speech, Ms He additionally acknowledged how susceptible Singapore is because of its trade-reliant nature, particularly when it comes to maritime commerce, imported vitality and meals provides. Due to this fact, conflicts and assaults on important infrastructure corresponding to submarine cables might trigger extreme disruptions to the city-state even when it isn’t instantly concerned.
On this gentle, the MP referred to as on the federal government to supply higher readability on contingency plans to safeguard transport, communications, vitality and provide chains throughout future crises. Ms He argued that resilience planning ought to be deeply built-in into Singapore’s infrastructure and financial methods. /TISG
Learn additionally: He Ting Ru shares reflections after lunch with lecturers: ‘Is it actually so dangerous to have a lot coronary heart?’
