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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