Singapore Sees Opportunities in Global Environment

The changing global landscape, underpinned by protectionist politics and advances in technology, presents both challenges and opportunities for Singapore, and the city state’s firms and workers must enhance capabilities to thrive, according to the country’s finance minister.

Presenting the annual budget statement in Parliament on Monday, Finance Minister Heng Swee Keat said Singapore must take “decisive action” to position the country amid such “deep shifts” in the global economic environment.

Outlining the government’s revenue and expenditure for the financial year 2017-2018, Heng said Singapore is expected to see an overall surplus of S$1.9 billion ($1.3 billion).

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.