SINGAPORE: A "strong, stable coherent political system" is needed to inspire confidence in the economy, said Minister for Trade and Industry Chan Chun Sing on Monday .
Prime Minister Lee Hsien Loong had said that the next general election is going to decide if Singapore can sustain a good and stable government and take care of the lives and well-being of Singaporeans. "It is critical in the next election for us to send that positive signal not just to ourselves but to the rest of the world, that we can easily go on an upward spiral and pull apart from the competition," said Mr Chan who is also the second assistant secretary-general of the People's Action Party.
Addressing Singapore’s position amid the global uncertainty, Mr Chan said that Singapore must continue to distinguish itself to “have a chance to stand out” amid the global turbulence and competition. As for long term challenges, Mr Chan said how the government manages its fiscal and financial system so that this generation leaves behind more resources for the next will determine the long term survival of Singapore.