WP to table a motion setting out its vision for Singapore’s economy in Parliament on Aug 4
MPs will cover themes including innovation, the cost of doing business and jobs.
On August 4, the Workers' Party (WP) will present its vision for Singapore's economy in a motion at Parliament. All 12 members of the opposition party will speak on the matter, with topics covering innovation, the cost of doing business, jobs, and helping Singapore's businesses to regionalize. Kenneth Tiong, who filed the motion, and Jamus Lim, who seconded it, discussed these plans at a press briefing on August 1.
The motion encompasses two parts: the first questioning if the House believes in a more equal and inclusive economy, while the second inquires if it believes in an engine driven by dynamic local companies, healthy domestic demand, and Singaporeans venturing abroad. Tiong, a first-term MP, stated that the WP's motion aims to answer pressing questions and "write its own economic playbook."
Singapore's economy has historically relied on investment from multinational corporations (MNCs), but now faces challenges as companies establish regional headquarters in other Asian countries due to lower manpower and rent costs. The Government launched a review of Singapore's economy in June, resulting in 32 recommendations across eight focus areas.
The WP will scrutinize the Government's plans and propose its own vision for executing these details. Lim emphasized that the WP's ideas are not a substitute for the Government's plans but rather complement them, filling in gaps and providing alternative solutions. Tiong, the first speaker of the motion, will deliver a 40-minute speech and close it, with each subsequent MP allotted 20 minutes to address the topic.
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