14 August 2019
Prime Minister Lee Hsien Loong said in his National Day message that Singapore will face economic and existential threats as the world enters a “troubled period”.
On this front, the Government will continue to invest in Singaporeans to achieve their potential in the long term and help those with needs.
The Government intends to make education even more affordable, especially for lower- and middle-income families, as well as raise the retirement and re-employment ages for those who wish to work longer.
PM Lee added that each time the “world changed”, Singapore has managed to survive.
He said: “Each time, we reinvented and renewed our economy, our people and our city, and we thrived again. And this is what we must keep on doing.”
The workforce is also being reskilled and upgraded to be “future-ready”, he said, referring to how SkillsFuture initiatives are building up the skills of “tens of thousands of Singaporeans”, which will help workers to be more productive and employable, while preparing them for new jobs that are created.