Following Prime Minister Lawrence Wong’s Cabinet reshuffle, the Singapore Economic Resilience Taskforce (SERT) has announced key changes to its line-up.
On Tuesday (27 May), newly appointed Acting Minister for Transport and Senior Minister of State for Finance, Jeffrey Siow, officially joined the task force. He replaces Desmond Lee, who has stepped down from the role.
Source: PAP
Also stepping into a new role is Teo Siong Seng, the newly elected chairman of the Singapore Business Federation (SBF), who takes over from former chairman Lim Ming Yan as SBF’s representative on the task force.
Source: Wikipedia
The updates took effect immediately, according to a joint statement issued by the SBF, Ministry of Trade and Industry, National Trades Union Congress (NTUC) and Singapore National Employers Federation (SNEF).
Other than the two new faces, the rest of the SERT members remain the same.
The task force, which is chaired by Deputy Prime Minister (DPM) Gan Kim Yong, now includes:
DPM Gan noted that the latest appointments reflect updates to the Cabinet and SBF Council.
However, he stressed that SERT’s core mission has not changed.
“SERT’s mandate remains unchanged,” he said. “We will continue to work with our tripartite partners to help our businesses and workers navigate the current uncertainties in global trade.”
Have news you must share? Get in touch with us via email at news@mustsharenews.com.
Featured image adapted from PAP and PAP.