Five subcommittees tasked with directing Singapore economy’s future

Each will deal with a key area of development.

The newly formed Committee on the Future Economy (CFE) in its first meeting agreed on the establishment of five subcommittees to each oversee one key area of Singapore’s future economic development, according to a press release by the Ministry of Trade and Industry.

“To take a deep dive into these five areas of work, the CFE will set up five subcommittees. For a wider range of expert views, the subcommittees will draw in additional representatives from both the private and public sectors. Each subcommittee will be co-chaired by a Minister and a private sector CFE member,” the release stated.

The first subcommittee is Future Corporate Capabilities and Innovation Subcommittee, under Minister of Finance Heng Kee Sweat and Singapore Business Federation Chairman Teo Siong Seng.

The second is Future Growth Industries and Markets, headed by Minister for Trade and Industry S. Iswaran and K8 Global President and McKinsey & Company Senior Advisor Jean-Luc Botel.

The third is Future of Connectivity, under Prime Minister’s Office Minister and National Trades Union Congress Secretary-General Chan Chun Sing, and The Boston Consulting Group Partner and Singapore Managing Director Mariam Jaafar.

The fourth is Future Jobs and Skills, headed by Minister for National Development Lawrence Wong, and PSA International Group CEO Tan Chong Meng.

The last is Future Jobs and Skills, under Acting Minister for Education Ong Ye Kung and Singtel Country Chief Officer and Group Enterprise CEO Bill Chang.