Singapore PM To Introduce Strategic Shift

Singapore’s prime minister, Lee Hsien Loong, promised a “strategic shift” in his country’s approach to “nation building” as he laid out plans to address widening income disparity and other threats to the island nation’s economic miracle of the past 20 years.

Mr Lee used a two-hour, primetime television address, with a presentation, on Sunday to lay out his plans, the fruit of almost a year of soul-searching by his ruling party as it has grappled with voter discontent.

There would be more government spending on healthcare, including a “pioneer package” of benefits for the older generation of Singaporeans who helped build the country in the 1960s. Housing would be made more affordable and social safety nets improved.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza