During the 2025 Budget statement, Prime Minister Lawrence Wong said rapid technological advances particularly in the area of AI will transform workplaces and jobs. That means workers need to be equipped with new skills to remain competitive and relevant. On that note, SkillsFuture remains a cornerstone in our social compact. On top of this, PM Wong has announced more measures on supporting our enterprises in Workforce transformation. 

Besides measures introduced to supporting workers throughout life, the measures specific to businesses generally fell within three key areas: technology and innovation, our enterprise ecosystem, as well as infrastructure investments amidst resource constraints. 

So how is Budget 2025 giving support to workers in terms of upskilling and life long learning? And how will our growth frontier, our businesses be advanced? 

On MONEY MATTER’s Budget 2025 Conversation, Hongbin Jeong and Chua Tian Tian speak to Terence Ho, Associate Professor at SUSS and Nicholas Fang, Director of Security and Global Affairs at Singapore Institute of International Affairs and Director of Strategic Consultancy Black Dot, to find out more.