Committee of Supply 2026 debate, Day 1: Victor Lye on managing capital for a networked economy
As a capital exporter. Singapore should manage its national capital to build a network economy, shifting from a Gross Domestic Product to a Gross National Product mindset. In parliament on Thursday (Feb 26), MP Victor Lye proposed three pathways to do so, including strategic investing in global nodes, “hunting as a pack”, and placing Singaporeans overseas. As a small city-state, Singapore must capture value across global networks, he said. He added that managing capital exports strategically will strengthen Singapore’s future economy, grow its enterprise ecosystem and generate good jobs for Singaporeans at home and abroad.
As a capital exporter. Singapore should manage its national capital to build a network economy, shifting from a Gross Domestic Product to a Gross National Product mindset. In parliament on Thursday (Feb 26), MP Victor Lye proposed three pathways to do so, including strategic investing in global nodes, “hunting as a pack”, and placing Singaporeans overseas. As a small city-state, Singapore must capture value across global networks, he said. He added that managing capital exports strategically will strengthen Singapore’s future economy, grow its enterprise ecosystem and generate good jobs for Singaporeans at home and abroad.
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