PoliticsParliament motion: Jeffrey Siow outlines an economy of the future that works for all

Singapore needs to reinvent itself as the world changes, while retaining the foundations that helped make it successful, Second Minister for Finance Jeffrey Siow said in Parliament on Wednesday. He argued that the country should renew and strengthen its economic formula rather than discard it. Siow said proposals put forward by the Workers’ Party in its motion on Singapore’s economy were “very much in line” with the government’s Economic Strategy Review. He nevertheless identified one major difference: the Workers’ Party appears to believe that Singapore’s economic model is…