SINGAPORE: Singapore’s Economic Strategy Review (ESR) Committees have unveiled recommendations as a guideline to secure future growth and create good jobs amid global uncertainties.
The recommendations included eight thrusts, guided by three imperatives — sharpening Singapore’s value proposition, enhancing its agility and adaptability, and building resilience alongside efficiency.
Singapore Deputy Prime Minister, Gan Kim Yong said the ESR is not only a response to immediate global challenges but also a catalyst for the republic to build resilience while driving competitiveness.
“The ESR is about how Singapore positions itself for the longer term to stay competitive, create good jobs, and remain relevant in a more contested, fragmented and fast-changing world,” he said in his keynote address at the Future Economy Conference (FEC) 2026 on Wednesday.
Established in August 2025, the ESR Committees engaged more than 7,700 stakeholders across various sectors to understand the challenges facing businesses and workers and opportunities to be seized.
Gan, who is also Singapore’s Minister of Trade and Industry, said energy security remains one of the republic’s key challenges, with supply chain resilience expected to become increasingly important in the near term.
“We must continue diversifying sources, strengthening buffers, and planning ahead for disruptions.
“We need to understand where our key dependencies lie, and work with industries on practical responses – whether through diversification, substitution, stockpiling or trusted partnerships,” he added.
Gan also emphasised that Singapore must play its role as a reliable energy hub even as the energy system changes.
This translates to strengthening its role in existing energy flows, while building capabilities in emerging areas such as liquified natural gas, hydrogen, ammonia, sustainable aviation fuels and low-carbon technologies.
“We must also deepen partnerships with like-minded economies on supply chain resilience, so that essential flows can continue even during disruptions,” he added. – BERNAMA
