What to expect of Singapore’s budget & economic strategy in 2017

SINGAPORE (Feb 6): DBS Group Research is expecting this year’s impending Committee on the Future Economy (CFE)  report to “map out the longer-term future of the economy”, while projecting Budget FY17 to feature more “bite” for the near- to medium-term.

CFE is a 30-member committee which aims to promote domestic enterprise development and skills to ensure local enterprises and Singaporeans are “future-ready”, based on what it defines as the five pillars of Singapore’s future economy. These pillars comprise: city connectivity, growth industries & market, capabilities & innovation, as well as jobs & skills.

In a Monday report, analyst Irvin Seah shares his predictions for developments which could possibly take place in Singapore’s economy for the year ahead following announcements of CFE’s report and Budget FY17 in the coming weeks.

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