Jobs are being created and made redundant so quickly and the economy disrupted so frequently that it has become a difficult task to form major policies for training and retraining workers, and designing jobs for them.
Important to study 'convergence of sectors' as tech changes lead to overlaps: Minister
But contraction in overall size of workforce needs close watching
The sector's Industry Transformation Map (ITM) also aims to equip workers with skills in high-growth areas such as data science, analytics and artificial intelligence.
Industry transformation map also sets out to add $4b in value to manufacturing in the industry
Last month was the 16th consecutive month of improvement in manufacturing, which makes up a fifth of the economy. The marginally lower reading was attributed to a slower rate of expansion in factory output and inventory.
The Singapore economy expanded 3.1 per cent in the last three months of 2017, higher than economist expectations of 2.6 per cent growth.
SINGAPORE - Singapore's economy grew by 3.5 per cent in 2017 - more than double the initial forecast - and incomes rose across the board, especially for low- and middle-income earners, said Prime Minister Lee Hsien Loong on Sunday (Dec 31).
Government forecasters expect an economic expansion growth of 1.5 to 3.5 per cent for the coming year.
FACEBOOK0TWITTEREMAIL Better 2017 growth forecast, STI's strong performance and healthy corporate earnings growth add to cheer