Budget 2025 debate: Desmond Tan on embracing training and transformation
Budget 2025 - coming at a time of significant uncertainty for businesses and workers - is responsive and, more importantly, responsible as it presents long-term growth strategies to ensure that Singapore’s economy stays competitive and workers’ skills remain future-ready. Senior Minister of State in the Prime Minister’s Office and NTUC Deputy Secretary-General Desmond Tan said this in parliament on Thursday (Feb 27). He noted that in a rapidly changing global landscape, the skillsets that brought Singapore success before may not be sufficient to secure its future. To remain competitive, individuals and the nation as a whole will have to embrace a culture of innovation, learning and continuous upgrading. Mr Tan called on more employers to prioritise employee training and for more local SMEs to urgently adopt artificial intelligence. He highlighted NTUC’s Company Training Committee (CTC) initiative, which was started in 2019 to enhance workers’ skills in a targeted manner and aid business transformation. Since then, more than 3,000 CTCs have been formed, nearly 500 transformation projects approved and more than 7,000 workers have benefited from higher wages or career development plans.
Budget 2025 - coming at a time of significant uncertainty for businesses and workers - is responsive and, more importantly, responsible as it presents long-term growth strategies to ensure that Singapore’s economy stays competitive and workers’ skills remain future-ready. Senior Minister of State in the Prime Minister’s Office and NTUC Deputy Secretary-General Desmond Tan said this in parliament on Thursday (Feb 27). He noted that in a rapidly changing global landscape, the skillsets that brought Singapore success before may not be sufficient to secure its future. To remain competitive, individuals and the nation as a whole will have to embrace a culture of innovation, learning and continuous upgrading. Mr Tan called on more employers to prioritise employee training and for more local SMEs to urgently adopt artificial intelligence. He highlighted NTUC’s Company Training Committee (CTC) initiative, which was started in 2019 to enhance workers’ skills in a targeted manner and aid business transformation. Since then, more than 3,000 CTCs have been formed, nearly 500 transformation projects approved and more than 7,000 workers have benefited from higher wages or career development plans.
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