SINGAPORE - Singapore's ruling People's Action Party (PAP) was returned to power recently after securing more than half of the seats in the 84-member parliament, official results showed. Immediately after that, the reelected Prime Minister Lee Hsien Loong decide to laid out his foremost priority for his government.. to 'improve the life for our citizens.' Mr Lee was speaking at the 30th anniversary conference of the Government of Singapore Investment Corporation (GIC) at the Shangri-La Hotel on Monday.
To achieve this, Mr Lee said Singapore must first grow the economy by staying plugged into the world by attracting investments and talent, encourage local enterprises to diversify, expand and move abroad, among other things.- Mr Lee added that it is also the government's objective 'to raise income across the board', including the 'the middle income households and those at the lower end' by upgrading productivity through re-training and education of workers, and restructuring Singapore's industries.
Other ways to grow the Singapore economy include buffering it against volatility by accumulating adequate reserves and maintaining political support for policies which benefit Singaporeans.Mr Lee acknowledged in his speech that it is not easy for Singaporeans to cope with rapid changes, even when the overall standards of living are rising and that his 'newly elected PAP government has its work cut out for it.'
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