The CFE Report

Photo Credits: Channel News Asia


SINGAPORE: An economy that remains open and well-connected to the world, a working population equipped with deep skills and a lifelong learning attitude, and companies scaling up through innovation – these are the key features of how a future-ready Singapore looks like in the eyes of a 30-member committee tasked to chart out the country’s longer-term growth path.

To achieve that, the Committee on the Future Economy (CFE), which is made up of five Cabinet ministers and 25 members from the private sector, laid out seven recommendations on Thursday (Feb 9) after a year of deliberations. The recommendations, if well-implemented, should help the economy to grow an average of 2 to 3 per cent per year, the report said.

Following the unveiling of the report, Prime Minister Lee Hsien Loong said the Government will pursue all the strategies proposed and added that the publication of the report marks “the beginning of another chapter of the Singaporean story”.

Read the full report here.

Original article by Tang See Kit