01 Aug '11, 2pm

Thank you, 60% who voted PAP last May - No change in economic direction, says PM Lee

Thank you, 60% who voted PAP last May - No change in economic direction, says PM Lee

SINGAPORE: Prime Minister Lee Hsien Loong has assured investors that Singapore will not be changing its economic direction. Speaking at the Economic Development Board's 50th anniversary dinner, Mr Lee said investors have been asking if Singapore will change direction after the recent General Election. Mr Lee said the country's fundamental constraints remain and it needs to stay connected to the world to survive. Addressing top CEOs and the business community, Prime Minister Lee said Singapore has overcome the odds and transformed its economy in the past 50 years, taking it from Third World to First. Today the GDP per capita is almost S$60,000, or 13 times that of 1961 in real terms. For the next 50 years, Mr Lee said the government would continue to take a long-term, rational perspective, remain an international hub, and be open to global investments and talent. It will al...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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