SINGAPORE - In view of Finance Minister's Heng Swee Keat's illness, Minister for Trade and Industry (Industry) Mr S Iswaran will be appointed as co-chairman of the Committee on the Future Economy (CFE), the Prime Minister's Office said in a statement on Monday evening.
The CFE, which was announced last October, is tasked with charting the course of Singapore's future economy- studying key areas that are crucial to sustaining economic growth and equipping workers with skillsets needed for the future.
The statement added that Minister in the Prime Minister's Office Mr Chan Chun Sing will be appointed as the Deputy Chairman in place of Mr Iswaran.
The appointments are with immediate effect.
Mr Heng had suffered a stroke last week during a Cabinet meeting and is currently in stable condition at the Tan Tock Seng Hospital.
In a Facebook posting this evening, Mr Iswaran said that he and Mr Heng had been " working closely, together with the other committee members, to scope out the structure and priorities of the CFE. The CFE has made good progress over the past few months. In particular, the efforts of the five sub-committees to reach out to many representatives from the private sector and government agencies has generated interesting ideas."
The five sub-committees are looking into key areas such as identifying new growth industries, cultivating corporate innovation, preparing workers for the new economy, developing sustainable urban spaces and studying how Singapore can remain well-connected as a competitive business hub.
Mr Chan said in a Facebook post this evening: "I will work closely with Minister Iswaran to build on the good work of Minister Heng and the CFE team. Our goals, to develop the strategies for our next phase of economic growth and to create good jobs for Singaporeans, remain unchanged. We wish Swee Keat a good recovery and look forward to having him with us again soon."