SINGAPORE: The Economic Strategies Committee tasked to chart the way forward for Singapore's economic transformation held its first meeting on Tuesday.
It aims to develop and recommend strategies to grow Singapore's future as a leading global city in the heart of Asia and enable sustained economic growth that is faster than other advanced economies that provides opportunities for all.The committee has set up eight sub-committees to review key issues, among them, how to seize opportunities and tap on the global and regional markets.
The committee will also develop strategies to foster the growth of local companies and attract more multi-national corporations, especially those in Asia, to set up business in Singapore.
In a statement, the Finance Ministry said each sub-committee will be co-chaired by a representative from the public sector, with the other co-chair being from the private sector or labour movement.
More details can be found on the ESC website at www.esc.gov.sg.
The 25-member committee will present its main recommendations to the government by next January. Its full report will be released by mid-2010.
- CNA/ir