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CFE & You

In the future economy, our people should have deep skills and be inspired to learn throughout their lives, and our businesses should be innovative and nimble.

Read more about how the CFE recommendations aim to help:

▪ Transform our Small and Medium Enterprises (SMEs)
▪ Prepare Singaporeans for the future economy


Transform our Small and Medium Enterprises (SMEs)

Willing and ready businesses, especially SMEs, will be able to leverage support from Government and partners to build future-ready capabilities. SMEs can look forward to greater support to transform their businesses, innovate, and scale up. They should also continue to support employees to acquire and utilise deep skills, by actively participating in the SkillsFuture movement.

The following CFE recommendations aim to support SMEs:

▪ Help SMEs adopt digital technologies
▪ Strengthen nexus between acquisition and utilisation of skills
▪ Support enterprises to scale up
▪ Catalyse the private sector to provide more growth capital
▪ Set up a Global Innovation Alliance
▪ Deepen knowledge of our markets
▪ Tailor Industry Transformation Maps (ITMs) for each industry
▪ Adopt a cluster approach to maximise synergies across industries
▪ A greater role for TACs and unions
▪ Create a regulatory environment to support innovation and risk-taking
▪ Use Government lead demand to support the development of promising industries

Read more about them here

 

Prepare Singaporeans for the future economy

With the rapid pace of technological development, Singaporeans need to develop deep skills to stay relevant, throughout their lives. As technology replaces routine tasks, every individual needs to acquire deeper skills to create value, and ensure that they can utilise their skills effectively on the job. Singaporeans should take charge of their own learning and development, supported by the SkillsFuture movement.

By taking charge of one's own learning and development, Singaporeans can acquire and utilise deep skills, and expand their knowledge of markets. Working together with enterprises, unions and government, our people can achieve an economy that offers ample opportunities, with all Singaporeans enjoying sustainable wage growth and meaningful careers.

The following CFE recommendations aim to help prepare Singaporeans for the future economy:

▪ Facilitate acquisition of deeper skills
▪ Strengthen nexus between acquisition and utilisation of skills
▪ Deepen knowledge of our markets
▪ A greater role for TACs and unions

Read more about them here.

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