Singapore launches review of economic strategy to stay ahead of global shifts

Goh Yan Han

Aug 04, 2025

SINGAPORE – Singapore will carry out a fresh review of its economic strategy, with committees formed to develop longer-term plans in five areas that include strengthening the country’s global competitiveness and improving its start-up ecosystem.

Deputy Prime Minister Gan Kim Yong, who announced the review on Aug 4, said it will “chart an economic blueprint that will enable us to stay globally competitive over the longer term, and, in doing so, secure good opportunities for Singapore and Singaporeans”.

He noted that the country faces a very challenging and uncertain future, as it deals with tariffs imposed by the US and the uncertainty that these levies have created in the global economic landscape.

Read more here: https://www.straitstimes.com/singapore/govt-forms-5-new-committees-to-look-at-longer-term-economic-strategies-report-due-in-mid-2026