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Budget 2024 debate: Restructuring economy, adopting AI and uplifting lower-wage workers among MPs' concerns

For Singapore's economy to grow, there is a need for restructuring, said Deputy Prime Minister Heng Swee Keat in Parliament on Tuesday (Feb 27). Speaking on the second day of the Budget debate, he shared that it is harder to achieve economic growth in the coming years. Some factors contributing to this include protectionism and political unrest, as well as.

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Budget debate: DPM Heng cautions against too much emphasis on SkillsFuture take-up rates

Deputy Prime Minister Heng Swee Keat has cautioned against focusing on SkillsFuture take-up rates, after opposition MPs Jamus Lim and Gerald Giam cited that only three in 10 Singaporeans have used their credits so far. They questioned the scheme's capacity to help workers adapt to artificial intelligence and grow Singa

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Navigating the Red Sea crisis: Implications for global supply chains

This article is authored by Ananya Raj Kakoti and Gunwant Singh, scholars, international relations, Jawaharlal Nehru University, New Delhi.

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Red Sea shipping crisis set to persist and fuel inflation fears after latest Houthi attack

Freight rates were just stabilising but the missile attack against a Belize-flagged ship could further disrupt global trade and hurt consumers.

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