Singapore, March 19 -- Budget 2020 has singled out workers in their 40s and 50s as the most vulnerable group (Measures to boost careers of S'poreans in their 40s and 50s, March 4).
They face greater job insecurity due to Singapore's ongoing economic restructuring efforts to raise skills and productivity, as well as disruption caused by rapid technological changes.
They have significant financial commitments, as Trade and Industry Minister Chan Chun Sing highlighted in his Committee of Supply speech.
The Government is investing about $1 billion to boost the employment prospects of Singaporeans over the next five years, through the SkillsFuture Mid-Career Support Package, SkillsFuture Enterprise Credit and enhanced Productivity Solution...