Chan Chun Sing: People Have Faith In Our Standards

This article was last updated on April 16, 2022

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The Social and Family Development Minister Chan Chun Sing while addressing at the annual Economic Society of Singapore dinner yesterday night said that the people all over the world have immense trust in Singaporean standards. The dinner was attended by economists, policy makers, businessmen, academicians as well as bankers.

He further highlighted the importance of being connected to the world but stressed that the Singaporeans should stay rooted and contribute more to the society. Law and trust, he said, was another key strategy. He informed that this would enable Singapore to use its competitive advantage to stand out amid global competition. “When I was young, I travel past Serangoon Road everyday on my way to school. I was always very intrigued why Indian tourists came to Singapore to buy gold from India. Recently, I was very tickled when someone told me that the pharmacies in Changi Airport were doing a roaring business. I did not understand. Could it be that there were so many transit passengers that fall sick in the short time that they are with us? Actually, both of these episodes demonstrate the faith that people have in our standards and systems. And strangely, it allows us to make a living,” said Mr Chan.

“Darwin said that only the fittest will survive. But fitness is not just about strength but more about the speed of adaptation. To adapt fast, we must be open to ideas and talent. Ideas and talent are attracted to systems that protect and reward them,” said Mr Chan.

 

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