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Economist genius Chan chun sing casts his pearls of wisdom again

Cottonmouth

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Minister for Trade and Industry (MTI) Chan Chun Sing gave his Committee of Supply (COS) debate speech on the afternoon of Mar. 2, 2021.

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In response to discussions on how to use the reserves and how to do more for various groups in the society, Chan said that we shouldn't lose sight on how we "need to earn our keep" as we are still trying to get out of "the most serious economic recession since independence".

Not returning to pre-Covid world
"We are not returning to a pre-Covid world," he said.

He added that even if Singapore's gross domestic product (GDP) returns to pre-Covid levels quantitatively, the economy will be qualitatively different by then.

This includes the share of sectors and industries, the types of products and services we manufacture and trade with the world, and the types of skills we need to earn.

Singapore has to start building a new economy now, Chan said.

Turning challenges into opportunities
However, there are many challenges including:

Concerning geopolitical tensions
Accelerating technological disruptions
The mutating Covid-19 virus and the uneven pace of vaccine rollouts
Global supply chains are being reordered and reconfigured, not always for economic reasons
The rules-based global trading order, underpinned by the proper functioning of the World Trade Organisation
To remain competitive and relevant despite these challenges, Chan suggested to turn them into opportunities by:

Being a safe harbour for capital, talent and ideas in an uncertain world.
Being a connected, trusted and resilient node in order to serve different markets in a bifurcating and fragmenting world.
Embracing new technologies to be the disruptor rather than to be disrupted.
Mastering digitalisation to transcend the constraints of Singapore's size and geographical location.
Leveraging Singapore's small size to pivot faster and more nimbly than competitors.
He also shared three broad strategies which Singapore has to execute:

1) Strengthen Singapore's position as a global hub for business and technology
In 2020, Singapore has attracted investment commitments of about S$17.2 billion in Fixed Asset Investments and S$6.8 billion in Total Business Expenditure.

These, according to Chan, are votes of confidence and faith in Singapore.

To distinguish Singapore in a global class of the few high-quality and high-trust business hubs, he suggested:

Clear, transparent, consistent and coherent legal and policy frameworks to do business
Progressive rules to enable new business models to thrive
Superior networks that will give Singapore denser and more secure connections with the world, allowing global businesses to operate out of Singapore
A mix of local and global talent to serve global markets
Entrenching critical parts of the research and development value chains so businesses will include Singapore as part of their global innovation networks, even in times of crisis
2) Entrench ourselves as a critical node in global value chains that would make Singapore hard to displace
Singapore will need to pursue critical capabilities needed to anchor ourselves in every industry that we choose to compete in, Chan said.

In a globalised world, it is easy to be dis-intermediated and displaced by cheaper competitors or digital platforms.

He added that Singapore has to become the exchange that adds value through ways like the provision of complementary services.

3) Deepening corporate capabilities and workers' skills
Singapore will spare no effort to help the enterprise and workers acquire new and better capabilities to compete, said Chan.

He said there are different schemes to help companies of various sizes because their needs are different.

The goal for large enterprises is to help them compete globally by providing access to superior trade networks, research and development and talent networks.

Such support would see Singapore help by providing growth capital and support for the commercialisation of research and development.

The goal for medium-sized enterprises, on the other hand, is to have more of them and bulk them up to compete in niche areas.

Recounting the initiatives, Chan singled out programmes like Scale-up SG and Enterprise Leadership Transformation that will help to build deep capabilities for them to compete on a global scale.

For small and micro-enterprises, he said it is important to provide them with shared and digital platforms to improve their productivity and efficiencies by accessing shared capabilities.
 
lunch corporal want to slap him, but cannot. he is general
 
Another legacy of LKY: many SAF fuckwits burrowed deep in positions of power and influence.
 
I think if they can make it in a real world
 
All stay within their cirlclea ,cos PAPigs MPs can not survive outside in the real world,whoo woukd hire them unlesd GLC company ,no wonder they privatised all for this n sliwly the company belong to simeone else
 
Pearls to swine obviously. So good u don't a prec8? :cautious:
 
One look at his smug face, all credibility is gone! He can only talk to recruits and conscripts in the SAF barking out orders. Go and be the NDP parade commander once again.
 
The only talent this fucker has is distributing chicken rice to old folks at erection rallies.
 
Many a times when we watch football, your player missed a sitter and all of us will shout "my grandmother can play better than you".

We always complained about the company or the bosses that we work with. Yet you forgotten that you have a choice to quit and choose a better opportunity. I have seen many Sinkies complained and talk bad about the company but was still around after more than a decade. They forgotten who have been making them gainfully employed and help to pay bills. This is what we called mutual agreement. There is no free lunch in this world.

We can make comments about how bad our leader is - end of the day you have a choice to elect him or not? I doubt you can do a better job if given a chance. Why your boss is on top of you have its reasons. Only low SES people knows how to comment but without any solution.

IQ and Race
worldiqmap.jpg
 
The only talent this fucker has is distributing chicken rice to old folks at erection rallies.

He's a mango and old abalone collector too. Grace Fu, Josephine, Amy, Lily, all these abalone he tasted before. He even licked indranee's bombay black hole.
 
This fucktard knows nothing about business. Just because he has some bootlickers in Chinese Chamber of Commerce doesn’t make him an expert in China trade. Lol
 
Send him to get some combat experience from the female Kurdish women fighting ISIS. I think ISIS is very fearful of them because if gana shot by them, those ISIS will go to hell and have no virgin girls waiting for them.
 
Send him to get some combat experience from the female Kurdish women fighting ISIS. I think ISIS is very fearful of them because if gana shot by them, those ISIS will go to hell and have no virgin girls waiting for them.
He will be busy inspecting Kurdish chicken eggs
 
I live in Tanglin Halt and I am so proud of General Chan my GRC MP. He has fucking amazing wisdom that none can compare.
 
I get an uncontrollable rush of mixed emotions every time I see him attempt to preach and dispense "wisdom". I feel embarrassed for all sinkies, I also feel upset and depressed at the same time. Reading about him is going to send me to an early grave, that much I know.
 
If Ng YC destroys companies, Keechiu destroy countries.

The common denominator here is SAF and fake generals.
 
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