Friday 28 August 2020

Our ability to turn our economy around will depend on the strength of our tripartite partnerships



The close and unique tripartite relationship between government, employers and unions is our strength during a crisis. It has proven so in past crisis and in this current crisis of a generation, this tripartite relationship will stand us in good stead.

Instead of hostilities, the government work closely with unions and employers to protect jobs, create new jobs, create training opportunities and attachments. 👍👍💪💪

DPM Heng Swee Keat said:

We are doing all that we can to encourage job creation and provide training opportunities for jobseekers through the #SGUnited Jobs and Skills Package. In all, we have committed about $100 billion in the fight against COVID-19.

We are also redoubling our efforts to transform and grow our economy.

Doing so requires us to pull together a few critical pieces — from rejuvenating our industries through Industry Transformation Maps, to creating new value through innovation and R&D, and pathfinding the post-COVID world through the Emerging Stronger Taskforce.

This will be my key focus as Coordinating Minister for Economic Policies.

Our ability to turn our economy around will depend on the strength of our tripartite partnerships, and I am grateful for the strong support of our Labour Movement, businesses and all stakeholders.

The journey ahead will not be easy, but our collective strength and our determination to build back better will see us through this crisis and enable us to emerge stronger.

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