Singapore (VNA) – Singapore is stepping up efforts to secure its economic future as global challenges intensify, Singaporean Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong said at the Parliament on September 22. To adapt, the government has formed the Singapore Economic Resilience Taskforce (SERT) to help firms and workers respond to global uncertainties, while preparing a refreshed Economic Strategy Review (ESR) to be released early next year. Second, Singapore aims to reinforce its role as a hub for global firms, supporting multinational corporations as well as local champions to expand high value-added activities. To secure its future in a changed world, Singapore must stay globally competitive, by building strong industries, grow its enterprises, strengthening its capacity to embrace technology, investing in its workforce and finding ways to overcome the country’s resource constraints. Singapore must also continue to expand its international economic space, by strengthening its networks of trade and investment, reinforcing a rules-based global trading system, and positioning Singapore as a trusted hub in a more uncertain and turbulent world, he said./.