Ministerial Statement on refreshed economic strategy and enhanced support measures has been released.



  • On 05 October, the Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance, Mr Heng Swee Keat, delivered a Ministerial Statement regarding the refreshed economic strategy and enhanced support measures for Singapore.
  • Building on the industry transformation maps, the refreshed economic strategy is focusing on
    • Remaking Singapore as a Global-Asia node of technology, innovation and enterprise
    • Redoubling efforts to foster inclusive growth
    • Investing in economic resilience and sustainability as a source
  • Besides, enhanced support measures, including continued and new supports for workers and jobs through various aspects had been included ;
    • Extension of support for wages
    • Jobs growth incentive for new local hire
    • Extension of Enhanced Training Support Package
    • Extension of Temporary Bridging Loan Programme
    • Adjustment of support for Enterprise Financing Scheme
    • Enhancement of capability-building grants for businesses