Singaporean President Halimah Yacob (C) speaks at the opening of the 14th Parliament (Photo: https://www.todayonline.com/)Hanoi (VNA) - The need to sustain jobswill remain a top priority for Singapore over the next few years, Singaporean PresidentHalimah Yacob said at the opening of the 14th Parliament on August 24.
According to the President, the COVID-19 endemic amplifies the financialpressures faced by Singaporean workers.
To create more jobs, the country urgently needs to transform its economy andseek new ways to ensure livelihoods for its people.
Yacob stressed that the Singapore Government should consider how to strengthensocial safety network so that people can better cope with risks in their lives.
During its economic transition, Singapore needs to gradually resume theaviation industry, strengthen the region's digital connectivity, and further reinforceresilience in key sectors such as food, healthcare and supply chain managementto create momentum for new sources of growth.
Previously, Deputy Prime Minister and Finance Minister Heng Swee Keat said theSingaporean Government will spend 8 billion SGD (5.8 billion USD) to support companiesto maintain and create jobs for labourers, and fully tap opportunities foreconomic growth.
As Singapore's economy in the second quarter of 2020 witnessed its worst growthin history and the COVID-19 pandemic remains complicated, Singapore will promoteeconomic recovery strategies, focusing on creating new jobs, supportingindustries that most affected by the health crisis, and utilizing growth opportunities./.
VNA
