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SERT to undergo economic strategy review to sharpen Singapore’s economic competitiveness

Douglas Toh, Felicia Tan and Jovi Ho
Douglas Toh, Felicia Tan and Jovi Ho • 6 min read
SERT to undergo economic strategy review to sharpen Singapore’s economic competitiveness
The review will comprise five committees co-chaired by two political office holders. It includes recognisable industry names such as DBS’s Tan Su Shan, Sats’ Kerry Mok, SIA’s Goh Choon Phong and AEM’s Loke Wai San. Photo: Bloomberg
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The Singapore Economic Resilience Taskforce (SERT) will undergo an Economic Strategy Review (ESR) in a bid to come up with a new economic blueprint for Singapore, announced Deputy Prime Minister (DPM) and chairman of SERT, Gan Kim Yong, on Aug 4.

The ESR will replace the SERT’s third workstream, which is meant to review longer-term strategies. It will comprise five committees covering global competitiveness, technology and innovation, entrepreneurship, human capital and managing the impact of restructuring.

Each committee will be co-chaired by two political office holders, spanning acting ministers to senior parliamentary secretaries. The committees will also include “relevant members” from the private sector, unions and other relevant stakeholders.

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