Singapore sets up new economic committee

The committee on "The Future Economy", which was recently announced by the Singaporean Government, will review policy measures that have been in place since 2010.
Singapore sets up new economic committee ảnh 1Singaporean Finance Minister Heng Swee Keat (Source:todayonline)

The committee on "The Future Economy", which was recently announced by the Singaporean Government, will review policy measures that have been in place since 2010, according to the country’s Ministry of Communication.

The committee, chaired by new Finance Minister Heng Swee Keat, aims to help create more jobs and help firms adapt to a lean workforce, among other future challenges.

Heng said he is currently assembling his committee and a timeline will be announced at a later date.

Over the past three decades, a number of planning committees have been set up to review and set the direction for Singapore's economy.

The two most recent establishments were the Economic Review Committee (ERC) in 2003 and the Economic Strategies Committee (ESC) in 2010.

The two committees took about a year to submit their recommendations to the Government.-VNA

VNA

See more

The RoK's Finance Minister Choi Sang-mok speaks at a trilateral meeting with his Japanese and Chinese counterparts in Georgia. (Photo: Yonhap)

ASEAN+3 to create new financing facility against regional crises

The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.

Thailand to apply VAT on imports sent via post

Thailand to apply VAT on imports sent via post

The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
Malaysia asserts pioneering role in halal industry

Malaysia asserts pioneering role in halal industry

Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
ASEAN Future Forum 2024 enters first session

ASEAN Future Forum 2024 enters first session

The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
ASEAN youth empowered to unleash potential: ASEAN chief

ASEAN youth empowered to unleash potential: ASEAN chief

ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
ASEAN bolsters intellectual property cooperation

ASEAN bolsters intellectual property cooperation

The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.