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A nation known for its infallible governance has been thrown a curve ball. SINGAPORE Deputy Prime Minister Heng Swee Keat dropped a bombshell when he announced his decision to step down as the leading fourth generation leader. This simply means he won’t succeed 69-year-old Prime Minister Lee Hsien Loong. Heng, 60, cited age as a factor, saying he will be 65 by the time the Covid-19 crisis is expected to be over, and expressed hope that “a younger leader. (with) a longer runway can take over.” As part of the arrangement, DPM Heng will step down as the 4G (Fourth Generation) leader and Finance Minister. ....
COMMENT: Heng Swee Keat - Chosen as Singapore PM, chose to quit msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Firms must invest in people to emerge stronger from Covid-19 pandemic, says Heng Swee Keat straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.
The government plans to hire more than 200,000 locals and provide up to 35,000 traineeship and training opportunities The Singapore government announced its Budget 2021 aimed at helping families, workers and businesses weather the Covid-19 pandemic. There was a big focus in the budget on digital transformation and upskilling workers to prepare for the shift to digital, which has been accelerated by the pandemic. “As a small, open economy, Singapore’s economic recovery is contingent on how the global situation plays out. Not everything is within our control. We need to adapt nimbly to the wide range of possible outcomes,” said Singapore’s deputy prime minister and finance minister Heng Swee Keat. ....
Support measures set to taper, but Budget 2021 to remain expansionary: Analysts Toggle share menu Advertisement Support measures set to taper, but Budget 2021 to remain expansionary: Analysts People walk during their lunch break at the financial business district of Raffles Place in Singapore on Jan 11, 2021. (Photo: AFP/Roslan RAHMAN) Share this content Bookmark SINGAPORE: The upcoming Budget on Feb 16 is expected to be expansionary, but more calibrated than the extraordinary fiscal resuscitation applied to the economy in 2020, analysts said. This means that Budget 2021, which will be delivered on Feb 16, may post a deficit despite it being the first budget of the Government s new term following a General Election last July, an unusual circumstance in fiscally conservative Singapore. ....