(Oct 9): At the BlueMist bistro in Tanjong Pagar, Song Seng Wun sips a beer while tapping out his latest Facebook post, a snippet about how he is celebrating the start of what he believes will be a more upbeat quarter with a bowl of wonton noodles.

A well-known economist to whom The Edge Singapore has regularly turned for comment over the years, Song has his finger on the pulse of the domestic business sector as well as global financial trends. And, despite the currently improving economic data, he sees more uncertain times ahead for Singapore. The main reason is that the city state is no longer able to plan its economic development as it has traditionally done.

“We cannot plan [policies] with as much certainty as we did in the last 50 years because technology is changing rapidly,” says Song, who works at CIMB Private Bank. “In [Budget speeches] to come, you will not see a lot of detailed policies… but more broad-sweeping policies. We don’t know exactly what will work and what will not. This is the new global norm.”

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