Daily Archives: February 6, 2019

6Feb

Singapore News: Economy will ‘keep on developing’ this year, challenges ahead: PM Lee in Chinese New Year visit to SATS

SINGAPORE: With economies around the globe backing off because of the progressing exchange spat between the United States and China, Prime Minister Lee Hsien Loong said Singapore and the district would be influenced.

“A year ago was great development, year before was additionally great development. This year will keep on developing; it might be not exactly as lively as previously, but rather we buckle down, and regardless of whether this year is slower, the year after we can improve it,” said PM Lee on Tuesday (Feb 5), talking on the sidelines of a thankfulness visit to SATS laborers on the primary day of the Chinese New Year.

While a year ago’s development was more than 3 percent, he said the economy was probably not going to be as solid this year.

“We need to keep on, in this condition, to continue redesigning ourselves and enhancing lives for our laborers. We will have difficulties ahead,” said Mr Lee.

He said thanks to SATS laborers for propping the air center point up amid the bustling merry season, and noticed that it is a vital piece of Singapore’s economy.

Against the setting of the general economy, he compared the difficulties that Singapore will look with those of the flight business, saying rivalry will come locally as well as from abroad and particularly the area.

Notwithstanding, he said that in the long haul the business will continue developing as individuals will continue voyaging and business in the long haul will get. “On the off chance that we ensure we are focused, they will fly through Singapore,” said Mr Lee.

A year ago, a record 65.6 million travelers went through Changi Airport.

At the point when asked how the progressing avionics and oceanic strains with Malaysia will influence the air business, he stated: “Our issues with Malaysia, we will examine with them.

“We will buckle down to ensure we empower Changi to keep on having the capacity to work easily, and the Malaysians likewise, to have their airplane terminals working easily, and traffic can stream all through the locale.”

Mr Lee was joined by National Trades Union Congress (NTUC) Secretary-General Ng Chee Meng, NTUC President Mary Liew, just as association pioneers and Members of Parliament amid the visit.

Prior in the day, Mr Ng and Speaker of Parliament Tan Chuan-Jin likewise visited 1,000 cabbies at the different Changi Airport terminals in a comparable show of appreciation.

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