Friday, October 12, 2018

Special zone for young people

Mr. Tan
I believe that rental is killing all. Instead of providing for the workers, monies was contributed to the landlord. In turn, a part of it will be contributed as tax.

should the government create a special zone for young people to venture into business where the rental is cheaper? Where it could be a buffer for them to reduce the rental and increase on income of workers?

REPLY
Yes. This is a good idea.
Dr. Goh Keng Swee used the same strategy to bring industrialization to Singapore. He provided special incentives for selected factories.

China also developed special economic zones. See the progress made by China today.

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