23 Apr '11, 4am

[CNA] GE: Lim Hng Kiang rebuts SDP's proposal to shrink manufacturing sector

[CNA] GE: Lim Hng Kiang rebuts SDP's proposal to shrink manufacturing sector

SINGAPORE: Trade and Industry Minister Lim Hng Kiang rebutted the economic policies proposed by the Singapore Democratic Party's (SDP) Tan Jee Say, one of which is to shrink the manufacturing sector. Mr Lim said the manufacturing sector is important because it creates many synergies and linkages for other industries to grow such as financing and wholesale. Mr Lim was speaking to reporters on the sidelines at the official opening of Clementi Public Library. Mr Tan, who is a former MTI official, was unveiled by the SDP as one of its candidates on Friday. Mr Tan had suggested that the economy be restructured to reduce Singapore's dependence on the manufacturing sector and in turn help reduce the dependence on cheap foreign labour and reduce the volatility faced through global economic cycles. He also suggested that Singapore should focus more on growing the services industry,...

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

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