CONCLUSION

Mr Speaker, Sir, globalisation has brought with it new challenges. Today, the world economy is much more open. Investments and labour flow freely across borders. Many more opportunities abound. But competition in this new global environment is also keener, and much more intense. Singapore's continued success will depend critically on our ability to adapt and adjust to this new world economic order.

Singapore's economic fundamentals are sound. We have invested in the education of our work force, built up an excellent infrastructure, and fostered an environment which is conducive to business and economic growth. If we continue to adopt far-sighted policies, remain alert to new opportunities and challenges, and stay nimble and fleet-footed, I am confident that we will be able to succeed in the new global economy, and continue to do well in the years ahead.

Mr Speaker, Sir, I beg to move. [Applause].

Mr Speaker: The Question is, "That Parliament approves the financial policy of the Government for the financial year 1st April, 1997 to 31st March, 1998." In accordance with paragraph (1) of Standing Order No. 86, the debate now stands adjourned.

Debate to be resumed on what day, Dr Hu?

Dr Richard Hu Tsu Tau: Monday, 21st July, 1997, Sir.

Mr Speaker: So be it.