09 May '11, 6am

S'pore's overriding priority is to improve lives of its citizens: PM Lee

SINGAPORE: Singapore's Prime Minister Lee Hsien Loong said the newly-elected PAP government has its work cut out for it after winning the people's mandate for five more years. Speaking at the 30th anniversary conference of the Government of Singapore Investment Corporation (GIC). Mr Lee said given the external environment, Singapore's overriding priority is to improve the lives of its citizens. To achieve this, it will firstly grow the economy by staying plugged into the world. Next, it will attract investments and talents into Singapore and also encourage Singapore enterprises to diversify, expand and move abroad. Secondly, the government will also transform and upgrade the economy because it cannot grow simply by increasing the workforce indefinitely. In this regard, it is also the Government's objective to raise income across the board and this includes the middle incom...

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

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