Panel meets to chart Singapore growth strategies

Bernama (18 Apr 06)
19 Apr 06

A high-level panel of international advisers is meeting in Singapore over the next three days to discuss the island state’s growth strategies.

The discussion will focus on the “evolving economic landscape” and the opportunities as well as the challenges it presents for Singapore’s growth strategies, the Economic Development Board (EDB) said.

Other issues for deliberations at the EDB’s International Advisory Council meeting include how the city state could ride the Asian growth, the board said in a statement.

Defence Minister Teo Chee Hean will chair the meeting comprising top captains of industries from the United States, Europe and Asia.

The council will be meeting Prime Minister Lee Hsien Loong, Minister Mentor Lee Kuan Yew as well as other cabinet ministers, public sector and business leaders.

Singapore foresees its economy to grow at about five per cent per year over the next five years.

Lee was reported today as saying that the next three to four years would be “good growth years”.

Besides chairman of DBS Group Holdings and DBS Bank Koh Boon Hwee who is the council’s deputy chairman, others sitting on the panel are John Allan who is DHL Logistics chief executive; chairman and chief executive officer of Institute for Global Futures Dr James Canton; Robert A. McDonald who is vice chairman of Global Operations of Procter and Gamble Company; Taizo Nishimuro who is adviser to the Board of Toshiba Corporation; and Rolls-Royce chief executive officer Sir John Rose.

SDP: First, if our ministers cannot figure out our growth strategies, why are they demanding million-dollar salaries? Second, if this is not foreign interference, what is it?

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