REACH (Telegram) 154 - What are your thoughts on Singapore’s future economic strategy? What should be prioritised to ensure Singapore remains competitive while creating good jobs and opportunities for Singaporeans?
(SK)
06 Aug 2026 (10am - 7pm)
REACH (Telegram)
[6/8/2026 9:56 am] REACH Singapore: Dear contributors,
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[6/8/2026 10:00 am] REACH Singapore: 📢 Topic 📢
On Aug 5, Parliament debated Singapore’s future economic strategy following a Workers’ Party (WP) motion titled “An Economy of the Future that Works for All Singaporeans”. Ministers outlined the Government’s approach to maintaining a trusted and open economy, strengthening local and global enterprises, investing for the long term and helping workers prepare for change.
Transport Minister and Second Minister for Finance Jeffrey Siow said he found agreement with several ideas raised during the debate, including providing better support for SMEs and start-ups and building a stronger base of local companies. He said these suggestions were “very much in line with the direction” of the Government’s Economic Strategy Review (ESR), and that there was “considerable common ground”. However, he disagreed with the characterisation that Singapore’s economic model was imbalanced and needed to be fundamentally reoriented.
💬 What are your thoughts on Singapore’s future economic strategy? What should be prioritised to ensure Singapore remains competitive while creating good jobs and opportunities for Singaporeans?
📌 A united economic strategy
Minister for Trade and Industry (Energy and Industry) Tan See Leng said Singapore’s future economy would not be powered by one type of company, one source of demand or one government programme.
He said local companies, global enterprises, domestic and external demand, and Singaporeans and Singaporean capital venturing abroad are “mutually reinforcing parts of one united economic strategy”.
The Government will maintain a trusted and open economy, invest for the long term, address capability, financing and market-access gaps and help workers prepare for change.
Businesses must also transform and invest in their people, while workers must keep learning, investors must take informed risks, and entrepreneurs must build, compete and persevere, Dr Tan said.
While the Government cannot guarantee that every venture will succeed, every job will remain unchanged or every transition will be painless, it can ensure that every person has a fair chance to try, a pathway to progress and support to recover from setbacks, he added.
📌 Strengthening local enterprises and innovation
Mr Siow said Singapore needs both multinational corporations (MNCs) and small and medium-sized enterprises (SMEs) for its economy to thrive. He said Singapore is not in a zero-sum situation, as the growth of local companies and MNCs reinforces each other.
SMEs are critical to Singapore’s economy as they employ the majority of the country’s workforce. Mr Siow noted that nearly $2 billion in direct grants is set aside each year for SMEs. The Government will help more companies tap these schemes and provide more resources if demand grows. Businesses can also receive support to improve productivity, redesign their operations and adopt digital and AI solutions.
Mr Siow acknowledged that it has become more difficult for SMEs to venture overseas in the current economic climate. However, he said Singapore should not turn inward, given the small domestic market. Instead, local companies should be strengthened to compete more effectively in more overseas markets and build greater resilience.
MNCs also bring resources, capabilities and technology, including AI capabilities that would otherwise take Singapore years to develop. Many local companies grow through their relationships with MNCs, while global companies create high-skilled and high-paying jobs. “We are not choosing between SMEs and MNCs. We need both,” Mr Siow said.
[6/8/2026 10:00 am] REACH Singapore: 📌 Supporting youths and entrepreneurs
Minister of State for Manpower Dinesh Vasu Dash said the Government recognises the concerns that many fresh graduates and their parents have about entering the workforce.
However, he said the current employment picture was more resilient than suggested. In the first quarter of 2026, Singapore had about 32,800 entry-level professional, managerial, executive and technician vacancies, exceeding the number of graduates looking for jobs. About nine in 10 university graduates from the 2025 cohort also found employment within a year of graduation.
Mr Dinesh said the system had served Singapore well but must continue to evolve with a new generation of workers and a changing work environment. The Economic Strategy Review recommended bringing learning closer to work, including formally recognising on-the-job training as part of qualifications, to give young Singaporeans a good head start in their jobs.
He also said advances in AI and other technologies were making entrepreneurship an “increasingly viable pathway”. The Government is expanding support for promising start-ups to build, grow and reach global markets. The ESR recommendations will strengthen access to growth capital, technology, networks and overseas markets.
Dr Tan said Singapore’s ambition should not be measured only by how many companies are formed. It should also be measured by how many good ideas become viable businesses, how many businesses can scale, and how many anchor capabilities, intellectual property and good jobs in Singapore.
📌 Helping workers prepare for change
Dr Tan said most Singaporeans experience the economy through work. A good job provides income, but should also enable a person to build skills, experience and confidence over time.
Addressing concerns over job disruption, he acknowledged that job losses raise fears about income and whether a worker’s experience will continue to count. He said these concerns were real and should not be answered merely by pointing to aggregate statistics or the number of available courses.
Support for workers must therefore begin earlier. The ESR has proposed “career bridges” linking workers in at-risk roles to more resilient occupations through training, guidance and job matching.
The Government will maintain a trusted and open economy, invest for the long term and help workers prepare for change. Workers must also continue learning and adapting as jobs and industries evolve.
👉 https://www.channelnewsasia.com/singapore/parliament-wp-motion-economic-review-6301206
👉 https://www.straitstimes.com/singapore/politics/parliament-affirms-amended-wp-motion-on-the-future-of-spores-economy
👉 https://www.straitstimes.com/singapore/politics/both-mncs-smes-needed-for-singapores-economy-to-thrive-jeffrey-siow
👉 https://www.channelnewsasia.com/singapore/wp-support-youth-entrepreneurs-pap-parliament-motion-6301071
----
[6/8/2026 10:22 am] Jun Ming: Erm I think it's a mismatch of skill aspiration and the job we have in the market right now
[6/8/2026 10:23 am] Jun Ming: As what I have ask before would you recommend people to broaden their skill set or recommend people to sharpen into one specialist skill set
[6/8/2026 10:27 am] Jun Ming: When you start working both strategy have their pros and cons.
If you start learning broadly you will gain many entry level skill set you will have no worries of job. But cons you need to spend a lot of money and time to learn and get licensing. So you can do the career switch
[6/8/2026 10:28 am] Jun Ming: If you start specialize your skills the pros is you earn much more quickly but you may get replace one day if that industry or that role got got replace or move out
[6/8/2026 11:30 am] REACH Singapore: [ Poll : 1. I am confident that Singapore’s economic strategy will continue to create better jobs, higher incomes and opportunities for Singaporeans. Share your reasons in the chat! ]
- Strongly agree
- Agree
- Neutral
- Disagree
- Strongly disagree
[6/8/2026 11:30 am] REACH Singapore: Dear Contributors,
Please take a moment to participate in our polls and share your opinion.
The poll questions are pinned for easy reference and your vote is anonymous.
We look forward to hearing your thoughts on today’s topic!
💬 What are your thoughts on Singapore’s future economic strategy? What should be prioritised to ensure Singapore remains competitive while creating good jobs and opportunities for Singaporeans?
Thank you.
Megan 😊
[6/8/2026 12:24 pm] REACH Singapore: Dear Contributors,
We want to HEAR MORE from you!
💬 What are your thoughts on Singapore’s future economic strategy? What should be prioritised to ensure Singapore remains competitive while creating good jobs and opportunities for Singaporeans?
We have had good feedback from this group, and we hope that we can keep the discussion robust and active!
Do also share your opinion by participating in our polls! The poll questions are pinned for easy reference, and your vote is anonymous.
Thank you!
Megan 😊
[6/8/2026 1:04 pm] REACH Singapore: Dear Contributors,
Please take a moment to participate in our polls and share your opinion.
The poll questions are pinned for easy reference and your vote is anonymous.
We look forward to hearing your thoughts on today’s topic!
💬 What are your thoughts on Singapore’s future economic strategy? What should be prioritised to ensure Singapore remains competitive while creating good jobs and opportunities for Singaporeans?
Thank you.
Megan 😊
[6/8/2026 1:09 pm] LCL (Danny 心):
Source:- Google Gemini AI
As of current:-
Small and medium-sized enterprises (SMEs) make up 99% of all registered business enterprises in Singapore.
They also employ about 70% to 72% of the country's total local workforce and contribute nearly half of Singapore's gross domestic product.
[6/8/2026 1:58 pm] LCL (Danny 心) in reply to LCL (Danny 心):
> Source:- Google Gemini AI As of current:- Small and...
Not sure what is new from WP?
Future economy playbook?
Sounds like a past running economy that have already been deeply entrenched in Singapore economy started at the beginning of 2000s after corporatisation from nationalisation.
An old cook book.
[6/8/2026 2:00 pm] REACH Singapore: 📢 Topic 📢
[6/8/2026 2:01 pm] REACH Singapore: Dear Contributors,
We want to HEAR MORE from you!
💬 What are your thoughts on Singapore’s future economic strategy? What should be prioritised to ensure Singapore remains competitive while creating good jobs and opportunities for Singaporeans?
We have had good feedback from this group, and we hope that we can keep the discussion robust and active!
Do also share your opinion by participating in our polls! The poll questions are pinned for easy reference, and your vote is anonymous.
Thank you!
Megan 😊
[6/8/2026 2:51 pm] LCL (Danny 心):
My close friend comments:-
1. For SMEs, when they have no experience, no good business proposal with good prospects, good market demand with good customer base, providing taxpayers funds, jumping into business is a sure waste of taxpayer money.
2. The problem is as SMEs are small in scale - there are demerits - inefficiencies, lack of ability to attract talent and scale which are the main obstacles in growing the SME business.
3. It sounds like WP wants gov to provide more grants from taxpayers money to fund the SME business - Basically burn more money.
My comments:-
Yes there is nothing new to the WP future economy playbook which we have already implemented 2000s years ago except to :-
- do more
- do better
- meaning ask Gov to spend more taxpayer money.
[6/8/2026 3:22 pm] LCL (Danny 心) in reply to LCL (Danny 心):
> My close friend comments:- 1. For SMEs,...
1. In addition, WP suggest legislating retrenchment insurance - with premium to be paid by both employees and employers.
2. What are the demerits of such retrenchment insurance:-
a. Employees and employers already have to set aside 20% by employees and 17% by employers for CPF.
This reduces the take-home pay for employees.
b. So if employees got to further pay additional amount to pay insurance premium for retrenchment insurance - how much money left for take home pay?
[6/8/2026 3:30 pm] LCL (Danny 心):
c. So if employers are legislated to pay some premium for retrenchment insurance - 羊毛出在羊身上。 That means employer will deduct from the employees salary to foot the premium - and leave even lesser take home pay for employees.
d. Also it means if employees didn't get retrenchment throughout their careers, then these workers are in fact subsidizing those workers that are retrenched - with no benefits to them, at their expenses with lesser take home pay.
[6/8/2026 3:34 pm] G in reply to REACH Singapore:
> Dear Contributors, Please take a moment to participate in our...
How to remain competitive?
Look hard at main business cost drivers and which entity controls the prices
1. Rental - driven up by REITS. Several of these REITS are govt linked, as at 2019 count, 54% of REITS are govt linked. Govt has significant control over rent prices
2. Utilities - prices set by govt
3. Taxes - quantums set by govt
Prices for necessities are controlled by govt. Yet govt will not lower them.
Instead of lowering them, govt chooses to increase cost of govt by coming up with more and more schemes for "targeted approach" that require more and more administrative work, which increases demand for tax dollars, which triggers demand for higher tax rates
Govt needs to overhaul their approach. Take a system level long hard look at themselves to identify unnecessary cost drivers that ultimately get imposed on businesses
[6/8/2026 3:34 pm] LCL (Danny 心):
e. There is a concept of FIRE - Financial Independence, Retire Early coin by the new generation.
So WP retrenchment benefits - is it to encourage all the rest of the workers to subsidize the retrenchment benefits of those who get retrenched to do FIRE - financial independence from retrenchment insurance and retire early at the expenses of all other workers working hard to subsidize them?
This means in no time, all the youth will get employed, pray to get retrenched so that they can reap the retrenchment insurance pay by majority of the working people - and our youth will adopt 躺平 (lay flat) and retire early - no workers want to work anymore - Singapore economy collapse as business leave Singapore.
[6/8/2026 3:49 pm] LCL (Danny 心):
1. Another thing that I want to comment about setting KPI on the number of SMEs to setup subside by the government grants.
2. What are the demerits of these KPI?
a. There will be a rush to meet the KPI number of startups or SMEs - regardless of whether the business concepts work or not, or whether they can penetrate the overseas market - using taxpayers money.
End up, alot of taxpayers money will be wasted because of the KPI set by WP.
[6/8/2026 3:49 pm] G in reply to LCL (Danny 心):
> e. There is a concept of FIRE - Financial Independence,...
Don't need for that. With PAP policies, businesses are already exiting SG
[6/8/2026 3:50 pm] LCL (Danny 心):
Source:- Google Gemini AI
Singapore ranked 8th globally in the Kearney's 2026 FDI Confidence Index, jumping from 15th the previous year. Net inflows remained robust, with over S$55.7 billion recorded in the first quarter of 2026 alone, driven heavily by digital infrastructure, semiconductors, and AI-related ecosystems.
[6/8/2026 3:59 pm] G in reply to LCL (Danny 心):
> 1. Another thing that I want to comment about setting KPI on...
Yes. Let's not waste anymore taxpayer money than necessary.
Taxes collected are to fund govt. Govt budgets need to be slashed.. especially in this prolonged era of govt posture of "monitoring" / "wait and see".
Smaller govt = less tax required = lower tax rates = more conducive for businesses
Govt also cannot maintain iron rice bowl mentality and practices. This contributes to wastage
[6/8/2026 4:00 pm] LCL (Danny 心):
Job losses to AI and moving out of business to neighbouring economic zones?
[26/05, 1:06 pm] ☸️ Danny 心: https://vt.tiktok.com/ZSxxc2qWQ/
@Babe:1. Singapore FDI investment in 2026 - reach record high $58.6 billions per quarter hitting $197 billions.
FDI mainly in high end high value added sectors such as finance, technologies & IT and advanced manufacturing - producing high salary jobs.
2. Singapore median monthly salary reaches $5,775 (including CPF).
3. Singapore achieve full employment in 2026 (companies finding it difficult to recruit workers in Singapore).(Note :- in economic terms 3.1% unemployment is universally considered low - as there are workers not actively looking for jobs).
[26/05, 1:15 pm] ☸️ Danny 心:
@Babe:1. Joint Development zone (with JB, Batam) missions is to rationalize joint attraction of global FDI into our investment zones - to capitalize and exploits the merits offer by each zones.
2. Eg. Singapore offer high values RHQ, logistics, financial services, high technology advanced manufacturing, well connected ports, air cargo etc but come with high rental and manpower cost.
3. JB and Batam - provides the advantages of low cost land rental, lower manpower costs.
4. Hence, Gardenia, H&M, Amazon that do online fresh groceries deliveries - are well suited to move into JB and Batam - because they require low cost, blue collar workers input - that does not fit into Singapore economic transformation landscape for advanced manufacturing and high paid jobs.
[26/05, 1:20 pm] ☸️ Danny 心:
@Babe:1. StanChart job cuts are mainly corporate function roles, support roles that include positions such as risk management and regulatory compliance - that can be automated by AI.
2. StanChart however are increasing job roles to hire more relationship managers, accelerate product innovation, improve digital and client experience, as well as upgrade and launch new client centres.”
@Babe:1. Singapore financial capital under management has increase to more than $6 trillion - plenty of wealth relationship management jobs required by StanChart to tap the wealth management.
@Babe:The total financial assets under management (AUM) in Singapore's fund management industry has surpassed S$6 trillion, building upon the S$6.07 trillion (US$4.46 trillion) recorded prior to the latest growth period.
The wealth and asset management sectors continue to see healthy client inflows, driven by the steady expansion of family offices and private equity.
@Babe:So Singaporeans must be able to see the complete picture how Singapore economic transformation landscape are evolving in order to appreciate how Singapore business and jobs have been elevated into a higher value, higher income jobs - instead of being alarmed by some movement of business out of Singapore and retrenchment of some workers.
Able to see the big picture and connect the dots - will make Singaporeans more informed instead of becoming alarmist.----
@Babe:1. Through carefully calibrated economic transformation:-Singapore has become the highest GDP PPP per capita in the World.
2. Top 5 Global GDP (PPP) per Capita Leaders.The most recent figures from major global financial institutions demonstrate Singapore's dominant economic standing:
Singapore: \(\sim \$150,000 – \$173,000+\)
Luxembourg: \(\sim \$140,000 – \$158,000\)
Ireland: \(\sim \$140,000+\)
Macao SAR: \(\sim \$125,000 – \$135,000\)
Switzerland: \(\sim \$105,000+\) [1, 2, 3, 4, 5]----
@Babe:Singapore is globally recognized as one of the most AI-ready economies and leading smart nations.The city-state’s strategy focuses on large-scale AI deployment and workforce resilience rather than building frontier models from scratch.This approach is driven by the National AI Council (NAIC) and the Economic Strategy Review (ESR).----
@Babe:1. In layman terms, do we want companies that offer $1,000, $2,000, $3,000 jobs - to make bread, clothing, pack grocery or do backend mundane excel spreadsheet, print invoice, go through paperwork.
[6/8/2026 4:00 pm] LCL (Danny 心): 2. Or do we want our Government to attract high value high salary jobs that pay $5,000, $6,000 to above $10,000 - that do advanced manufacturing such as AI chips, chips design, wealth relationship manager, AI developers, creators, R&D, etc?
3. Singapore economic resiliency transformation and national AI council is to create high salary jobs for Singaporeans.
====
"Some businesses will lose out amid deeper Singapore-Malaysia economic integration, but both sides will benefit: Tharman.
"We have to accept that, with the larger win, there will be some losses. And that is a mature way of thinking about the bilateral relationship, on both sides," says Singapore President Tharman Shanmugaratnam."
https://www.channelnewsasia.com/singapore/president-tharman-malaysia-state-visit-economy-businesses-6255946#:~:text=Some%20businesses%20will,President%20Tharman%20Shanmugaratnam.
====
[6/8/2026 4:01 pm] REACH Singapore: 📢 Topic 📢
[6/8/2026 4:11 pm] Ginie/Komal ZENDORA J: Different topic all together. Someone here recommended kaki one service if need contact different agencies. If we find any problem with our estate. Just to let Reach know need to make kaki simplified. I wrote in regarding something to do with parking. Send in the blk no. Plus pictures. It's robot is asking for the location, while I am moving. Not a good app
[6/8/2026 4:12 pm] LCL (Danny 心) in reply to Jun Ming:
> If you start specialize your skills the pros is you earn much...
As for whether young undergraduates should take more broad base education to secure jobs when specialization change or drill in to specialisation and secure immediate jobs but when industry transform, it will lead to obsolency?
My suggestion is, take both broad base and specialization in IHL.
[6/8/2026 4:14 pm] LCL (Danny 心):
Eg.
1. Take subjects that cut across domains and industries (eg. Business, Economics, Finances, Psychology, Marketing, Accounting etc).
2. Specialize in say computer science or AI, or computer engineering.
[6/8/2026 4:16 pm] LCL (Danny 心) in reply to Ginie/Komal ZENDORA J:
> Different topic all together. Someone here recommended kaki...
The GPS take your location at where you stand, cannot travel by car and submit - because the longitude and latitude of the gps will change and capture the wrong location.
[6/8/2026 4:17 pm] LCL (Danny 心):
The accuracy of the gps location is up to 1 metre from where you stand when submit - can even zoom in.
[6/8/2026 4:50 pm] LCL (Danny 心):
My close friend comments:- Is the sme driven economy inspired by china's 地摊经济?
My comments:- Sorry, how does it work?
My close friend comments: - China resorted to this method primarily because global demand weaken by covid by tariffs etc. so individuals can start setting up road side stall to sell their wares for survival. China is a big supplier also a big market. Excess produce and products hope to be absorbes by local economy.
My comments:- Don't know REACH participant can accept such concept or not.
My close friend comments:- Singapore being small, we have to depend on exports, and this needs scale, outreach which SMEs don't have the muscle to do.
The result may be local competition to death.
My comments:- Yes. This is the problem face by our SMEs.
Except some can make it like Sheng Siong, Raffles medical, osim, money max, maxi cash, FuHua, Yeo Hiap Sing, Grabs etc.
[6/8/2026 5:08 pm] Jun Ming in reply to LCL (Danny 心):
> My close friend comments:- Is the sme driven economy inspired...
So we need a local ecosystem and help to bring sme to the altitude..
[6/8/2026 5:08 pm] LCL (Danny 心) in reply to Jun Ming:
> So we need a local ecosystem and help to bring sme to the...
Honestly, this is a hard topic.
Doing business is not easy.
[6/8/2026 5:09 pm] LCL (Danny 心):
Especially when our Domestic economy is so small.
[6/8/2026 5:09 pm] Jun Ming: Giving them advice how to expand or what can be improve
[6/8/2026 5:10 pm] Jun Ming: Recently my father shop change some feng shui. Like how the store attract more customers etc
[6/8/2026 5:10 pm] Jun Ming: And maybe can give advice for ready businesses to expand overseas
[6/8/2026 5:11 pm] LCL (Danny 心) in reply to Jun Ming:
> Giving them advice how to expand or what can be improve
I think this was done in the early 2000s when venture capital, entrepreneurship, SMEs concept, government grants, follow GICs to overseas market, follow EDB, IE Singapore etc are coined.
Only few SMEs that I mentioned earlier make it.
[6/8/2026 5:11 pm] Jun Ming: Then identify what's the failure and what can we improve
[6/8/2026 5:11 pm] Jun Ming: I believe it's not just monetary issue
[6/8/2026 5:12 pm] Jun Ming: Maybe diplomatic issue
[6/8/2026 5:12 pm] Jun Ming: Or Singaporean are too honest
[6/8/2026 5:12 pm] LCL (Danny 心):
Failure could be due to business concepts, business prospects, customer base, how to manage the business, risk management, managing different culture, expectations, availability of Management talents, workers talents, navigate foreign business and customer environment, money, resources, staying power, relationship etc.
Not easy.
[6/8/2026 5:13 pm] Jun Ming: Need to research on market and not based on imagination
[6/8/2026 5:14 pm] Jun Ming: Even research does not give real results
[6/8/2026 5:14 pm] LCL (Danny 心):
Not easy.
[6/8/2026 5:15 pm] Jun Ming: But we start local first. If most of our local business barely survive in local than something is wrong
[6/8/2026 5:16 pm] LCL (Danny 心) in reply to Jun Ming:
> But we start local first. If most of our local business barely...
Because domestic economy is too small, too many competition will kill the SMEs.
Cost issues also a problem.
[6/8/2026 5:16 pm] Jun Ming: Gov need to protect local business
[6/8/2026 5:17 pm] Jun Ming in reply to LCL (Danny 心):
> Because domestic economy is too small,...
Reduce unwanted competition
[6/8/2026 5:17 pm] LCL (Danny 心):
Protectionism will lead to inefficiency and taxpayers money will be drain.
[6/8/2026 5:18 pm] LCL (Danny 心):
See India, Malaysia etc that adopt protectionism, economy cannot flourish.
[6/8/2026 5:18 pm] Jun Ming: Then the strong will become stronger the weak will die off
[6/8/2026 5:18 pm] Jun Ming: Before getting strong
[6/8/2026 5:18 pm] LCL (Danny 心) in reply to Jun Ming:
> Then the strong will become stronger the weak will die off
This is what happens to our SMEs that grown like those I mentioned earlier.
[6/8/2026 5:19 pm] Jun Ming: For a oversea own business an extra 50% tax?
[6/8/2026 5:19 pm] LCL (Danny 心):
Many smaller ones already die out.
Eg. Bike sharing is one example.
Ev battery charging companies - many also dying.
[6/8/2026 5:20 pm] Jun Ming: Or a local own business 50% less tax
[6/8/2026 5:20 pm] LCL (Danny 心) in reply to Jun Ming:
> For a oversea own business an extra 50% tax?
Sorry I don't get your point.
[6/8/2026 5:21 pm] Jun Ming: So gov can implement for foreign business need to pay an extra 50% tax
[6/8/2026 5:21 pm] Jun Ming: And local business we reduce a 25% tax as an incentive
[6/8/2026 5:21 pm] LCL (Danny 心):
Then many foreign investment that create jobs for local workers won't come in.
More Singaporeans lose jobs.
[6/8/2026 5:22 pm] Jun Ming in reply to LCL (Danny 心):
> then many foreign investment that create jobs for local...
Then can add terms and conditions unless this company are able to hire 1k and above Singaporean
[6/8/2026 5:22 pm] LCL (Danny 心):
Imagine if we do that, AIA, ibm, Microsoft, micron, Citibank etc pull out.
Then many high paying jobs gone.
[6/8/2026 5:23 pm] Jun Ming: So this will stop small and unwanted foreign business enter
[6/8/2026 5:23 pm] LCL (Danny 心) in reply to Jun Ming:
> Then can add terms and conditions unless this company are able...
I think our trade Ministers have already negotiate very favourable terms for Singaporeans.
[6/8/2026 5:23 pm] Jun Ming in reply to Jun Ming:
> Then can add terms and conditions unless this company are able...
Or your company have reach a certain amount of capital
[6/8/2026 5:24 pm] LCL (Danny 心) in reply to Jun Ming:
> So this will stop small and unwanted foreign business enter
Economics is a very delicate topic that have many fine balances and many considerations.
Not a simple topic.
[6/8/2026 5:24 pm] Jun Ming: This is to protect sme to grow big enough to compete with big companies
[6/8/2026 5:25 pm] Jun Ming: Just like baby you need to protect them with care. When they grow up they can fight their own
[6/8/2026 5:28 pm] LCL (Danny 心):
You see, even WP who touted their future economy playbook and suppose to aspire to be our alternative government - got so many fatal loopholes.
As amateur economist - can easily spot those fatal loopholes.
Hence economic policies are no joke.
Cannot get it wrong.
One wrong move, the whole country finances, economy and jobs can suddenly crumple.
That is why I say economic is not an easy topic.
The whole world's government are struggling to do it well.
But not easy.
[6/8/2026 5:32 pm] LCL (Danny 心):
Source:- Google Gemini AI
Protecting local businesses through trade barriers or market subsidies
causes higher prices for buyers, less choices, and lazy local companies
. It also starts trade fights with other nations and hurts overall economic growth.
Economic Drawbacks
Higher Prices: Tariffs and import limits force buyers to pay more for goods, lowering overall public spending power.
Less Innovation: Protected firms face weak competition, reducing their drive to improve quality or cut costs.
Market Inefficiency: Resources flow into propped-up, weak sectors instead of high-performing, natural growth areas.
Trade Retaliation: Other nations may impose their own penalties, hurting export-heavy local industries.
[6/8/2026 5:53 pm] Jun Ming: Off topic I feel that tengah forest city is a scam
[6/8/2026 5:54 pm] LCL (Danny 心):
Tengah where got forest city?
I thought in JB?
[6/8/2026 5:54 pm] Jun Ming in reply to Jun Ming:
> Off topic I feel that tengah forest city is a scam
Cause I don't see any forest
[6/8/2026 5:54 pm] Jun Ming in reply to LCL (Danny 心):
> Tengah where got forest city? I thought in JB?
Forest town
[6/8/2026 5:54 pm] LCL (Danny 心) in reply to Jun Ming:
> Cause I don't see any forest
Hahaha.
[6/8/2026 5:55 pm] Jun Ming: https://www.weforum.org/stories/2021/04/singapore-sustainable-smart-town-tengah/
[6/8/2026 5:55 pm] Jun Ming: False marketing
[6/8/2026 5:55 pm] LCL (Danny 心):
Don't know.
Didn't realize it.
[6/8/2026 5:55 pm] Jun Ming: Instead forest are cut down
[6/8/2026 6:00 pm] REACH Singapore: 📢 Topic 📢
[6/8/2026 6:03 pm] 여자친구, 첫사랑 🏆 in reply to Jun Ming:
> Off topic I feel that tengah forest city is a scam
Tengah? Yeah somewhat yes in that it wasn't car-lite like LTA was saying.
[6/8/2026 6:03 pm] 여자친구, 첫사랑 🏆: Feels like American suburbia when you go down the main arterial road.
[6/8/2026 6:46 pm] REACH Singapore: Dear Contributors,
⏰ We will be closing the chat in 15 minutes ⏰
Thank you very much for being part of our Telegram chat and participating actively.
Goodnight!
Megan 😊
[6/8/2026 7:05 pm] REACH Singapore: Dear Contributors
We will be closing the chat for today.
Thank you very much for being part of our Telegram chat and participating actively.
Goodnight!
Megan 😊
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