Tharman is the man, besides the Prime Minister, who will be the key brains behind Singapore's strategy to overcome the impending slowdown. In 2009, he devised and introduced a whole slew of measures to not only cushion the impact of the crisis for Singapore but also to take advantage of the lull to encourage workers to upskill and be ready for when the economy picked up again.
The government's S$20.5 billion Resilience Package was designed to keep businesses running, save jobs and allow workers to upgrade their skills. It was the first time in Singapore's history that the government had had to dip its hands into the country's reserves to fund the programmes in the face of the country's worst economic crisis since independence.
Read the full article, written By Andrew Loh for Yahoo Singapore, here: All hands on deck for S’pore to weather storm.
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