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Economic transformation is a collective effort. To succeed, the Government, businesses, Trade Associations and Chambers (TACs) and workers must work closely together. Our rules and regulations must also be ready to support innovation and new business ideas. We will continue to promote well-functioning markets that enable consumers to benefit from more choices and competitive prices.

Fostering long-term partnerships with TACs
   Fostering long-term partnerships with TACs
  • Enterprise Singapore will develop 5-year strategic roadmaps with TACs to strengthen their capabilities and drive industry transformation
 
Providing a conducive environment for businesses to thrive
   Providing a conducive environment for businesses to thrive
  • Streamline regulations to help businesses save time and costs

  • Make it easier for businesses to apply for licences
    • Pilot of one-stop portal for food services sector, to automate application process and cut down processing time
 
Empowering consumers with more choices
   Empowering consumers with more choices
  • Enable easy access to information so that consumers are aware of their market options
    • MTI and CASE are working on the development of a crowdsourcing app that allows users to share price information and compare prices for groceries and cooked food
 
Speech by Senior Parliamentary Secretary, Tan Wu Meng - Empowering Businesses, Empowering Consumers
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