THE National Day Rally speech offered little cheer for businesses, a DBS Group research note said on Monday.
Singapore Prime Minister's National Day Rally speech gave good reasons for the citizens to cheer but little for businesses.The brokerage highlighted the development of Jurong Lake District as a long-term positive for the Singapore construction sector, noting this will add to the "already robust" construction pipeline in Singapore.
But the government is likely to roll out the Lakeside plans at a measured pace given labour constraints.
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