The Committee on the Future Economy (CFE) is a 30-member committee comprising members from different industries that operate in both global and domestic markets, as well as enterprises both large and small. It is co-chaired by Minister for Finance Mr Heng Swee Keat and Minister for Trade and Industry Mr S Iswaran. Minister in the Prime Minister's Office Mr Chan Chun Sing serves as Deputy Chairman.
The CFE aims to keep the Singapore economy competitive by helping to position Singapore for the future, as well as identify areas of growth with regard to regional and global developments.
To do this, the CFE will build on and update the 2010 Report of the Economic Strategies Committee (ESC), whose recommendations have enabled us to keep our economy competitive. But rapid changes in the global environment, technological change, and a slower labour force growth has presented us with new challenges and opportunities. Thus, it is timely for us to review what we are doing and to see how we can position ourselves better for the future.
The committee aims to complete its work by the end of 2016.