
Cabinet Reshuffle Could Shake Up Singapore's Economic Resilience Taskforce, Says DPM Gan
2025-05-19
Author: Jia
In a potential shake-up for Singapore's Economic Resilience Taskforce, Deputy Prime Minister Gan Kim Yong hinted that changes might be on the way following the forthcoming Cabinet reshuffle.
Prime Minister Lawrence Wong is expected to unveil new Cabinet members soon, a move eagerly anticipated after the May 3 General Election. DPM Gan noted, "Adjustments to the membership may be necessary given that it's composed of ministers within specific portfolios." A revised lineup could be announced shortly after the Cabinet changes are confirmed.
Political insiders suggest this reshuffle may be significant, potentially paving the way for emerging leaders of the fourth generation (4G) to step into prominent roles. DPM Gan had previously indicated intentions to rotate these ministers into different positions for broader experience post-election.
Key Members of the Economic Resilience Taskforce
Currently led by DPM Gan, the task force also comprises:
- Desmond Lee, Minister for National Development and Minister-in-charge of Social Services Integration.
- Josephine Teo, Minister for Digital Development and Information, and Second Minister for Home Affairs.
- Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry.
- Chee Hong Tat, Minister for Transport and Second Minister for Finance.
Additional members include prominent figures like Lim Ming Yan from the Singapore Business Federation and Ng Chee Meng from the National Trades Union Congress.
International Trade Context
The task force’s formation follows a critical announcement from US President Donald Trump regarding tariffs on April 2. In light of intensifying trade relations, recent developments showed that the US and China reached an agreement to ease tariffs for 90 days, effective from May 14.
Under this agreement, US tariffs on Chinese imports will reduce from 145% to 30%, while China will lower its tariffs on US goods from 125% to 10%. DPM Gan expressed that this negotiation period could foster dialogue between the nations, although he cautioned that the future remains uncertain.
"We need to remain vigilant and ready to adapt as the landscape continues to shift," he remarked.