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SINGAPORE: Acting Manpower Minister Gan Kim Yong on Friday said that Singapore has to brace itself as the global economy slows.
He said that new jobs created may not be as robust as the 144,600 created in the first half of the year.
But Mr Gan assured there is still a pipeline of investments which will continue to create jobs for Singaporeans.
In manufacturing for example, Seagate is ramping up its third and latest hard disk media plant.
The Seletar Aerospace Park has got off to a "flying start" with a slew of commitments from companies such as Rolls Royce, Pratt & Whitney and ST Aerospace.
In petrochemicals, Shell and Exxon Mobil have announced major investments in Singapore, which will come on stream by 2011.
Mr Gan continued to say that jobs will also be created in other sectors such as tourism and healthcare.
While these investments create new jobs, he said they will be different from the jobs of today, requiring different skill sets.
Therefore, Singaporeans need to invest time and effort to learn new skills, even when they are doing well in their careers, he explained.
This will ensure that the workforce is dynamic and responsive to economic changes and new challenges.
Mr Gan was speaking at the launch of the Workforce Development Agency's new vision statement: "A Competitive Workforce, with workers Learning for Life, and Advancing with Skills."
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