THE Singapore government and the corporate sector must work more closely together, especially against a backdrop of slowing global and domestic growth, Deputy Prime Minister and Finance Minister Heng Swee Keat told an audience of 800 business leaders at the Singapore Corporate Awards 2019 on Tuesday.
In his keynote address at Resorts World Convention Centre, Mr Heng said that the government will continue to partner businesses to promote forward-looking, pro-business regulations and policies. Other initiatives are underway. The Infocomm Media Development Authority is proposing changes to facilitate digital transactions, including the digitalisation of property transactions and cross-border trade documentation such as bills of lading, which are legal documents issued by a carrier to a shipper that detail information about the goods being carried. A public consultation was announced last month on the Electronic Transactions Act.
On the international trade front, while the support for globalisation has waned, the government will continue to promote an open, rules-based, multilateral trading system, Mr Heng said.
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