Singapore faces a rapidly changing global economy, an ageing workforce, and mounting technological disruption—but opportunities abound for those ready to adapt. Deputy Prime Minister Gan Kim Yong urged the nation to aim higher than the projected 2–3% annual growth over the next decade by harnessing AI, robotics, and automation to boost productivity and expand higher-value industries.
Addressing Parliament on September 22, DPM Gan emphasised the need for workforce upskilling and reskilling to prepare Singaporeans for future roles. “As we transform our economy towards higher-value-added activities, we must empower workers with new skills for the future, including being AI-fluent,” he said.
The Economic Strategy Review will strengthen existing sectors like advanced manufacturing and financial services while targeting emerging areas such as precision medicine, AI and deep tech, the green economy, autonomous vehicles, and space. Southeast Asia’s growing markets were also flagged as key opportunities due to their young populations and rising middle class.
DPM Gan highlighted the importance of supporting SMEs and heartland enterprises while building a globally competitive workforce. He encouraged international work exposure, openness to global talent, and adoption of new technologies to sustain growth.
‘Together with determination and imagination, we can continue to grow our economy, create good opportunities for our people, and build a better and brighter future for Singaporeans,’ he concluded.
Source: Straits Times
Published On Sep 23, 2025 at 08:00 AM IST
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