Prime Minister promises ‘good news’ in the upcoming 2011 Singapore Budget

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PRIME Minister Lee Hsien Loong announced that government revenues have been greater than projected and highlighted that Singaporean citizen can expect “very good news” in the upcoming Price range which will be announced in Feb 2011. He mentioned Singapore should use this growth to improve the lives of its citizens across the board. He further added that major investments will be made in wellness care and transportation as nicely as in abilities coaching and education to equip workers to do much better jobs and raise productivity. He reiterated the Government’s commitment to give Singaporeans “full opportunities, a excellent education and a worthwhile stake in the country”. Education and coaching has often been on the best priority of the Singapore government considering that day 1 of Singapore’s independency, 45 years ago.

With the economy recovering significantly much better than anticipated, a lot of organizations like MNCs, Financial institutions such as Standard Chartered, HSBC and DBS are on major recruitment drives to beef up manpower in anticipation of the continued expansion of the international economies.  There is a massive demand for talent in the sources scare nation where the government competes aggressively to recruit the greatest talent offered in the private sector to join the government services.

Singapore has been functioning on creating itself up as a centre for top human-capital practices, to aid firms and HR professionals raise their standards by equipping them with the most recent abilities set in organizational psychology, talent management and strategic HR Leadership and succession preparing approach. In the course of final week’s dialogue, PM Lee pointed out that much more than 240 possible election candidates have been invited for “tea” sessions, and far more than 40 have been interviewed by a committee chaired by PAP’s secretary- common, PM Lee.  He is confident of presenting a “first-class slate of candidates” in its leadership-renewal procedure with its current pool of talent.

By attracting top universities such as Chicago Booth Graduate School, INSEAD, City University of New York and SUNY Buffalo to offer you Executive MBA, Master of Organizational Psychology, HR and Leadership program in Singapore, will redefine the HR sector by cultivating and nurturing an eco-program for research and company applications. This is also important given that when an upswing comes, far better educated workers and firms will advantage for their investment into education.

PM Lee speech was delivered at the People’s Action Party’s biennial conference, its last just before the subsequent General Election, in front of 1,700 cadres and activists at the National University of Singapore’s Cultural Centre.