Today something changed. The truth must be spoken. It cannot be kept wrapped for any minute longer. The Singapore Business Federation submitted a 36 page economic strategy proposal to Heng Swee Kiat while he is still fumbling with his team to chart the course to take Singapore forward. The Federation is wasting no time. Time is crucial, the situation is serious and no more mucking around for another year to wait for another report. Actions need to be taken now. And the report ‘is backed by 28 trade associations and chambers and some 70 top level executives, including Singapore Press Holdings chief executive Alan Chan’. What the SBF is saying is that the dismal state of affairs of our economy has reached a point of BTH, ‘beh ta han’ already.
For the proposal to come out today, mind you, such a big committee cannot come out with something overnight. They must have spent many hours, days and months looking into the problems and to come up with their recommendations. What the proposal is saying is that things are bad, real bad and the govt must act on it quickly and seriously.
When Alan Chan’s name is quoted it means serious business. This is a very serious statement from the business associations and chambers and top honchos. Things are bad and must be made good. This is the truth, the reality, face it squarely and do something, now.
I will write something more about the recommendations later.