Friday, June 4, 2010

Task 1

Contributions of Dr. Goh Keng Swee

In 1949, Dr. Goh Keng Swee founded the Malayan Forum, which is a political discussion group that met regularly to rally support for the independence for Malaya and Singapore and comprises Malayan and Singaporean students in London.

He offered incentives and drew in foreign investments by initiating the setting up of Economic Development Board (EDB), the Development Bank of Singapore (DBS) and the Jurong Industrial Estate

He helped in building up the foundations of the Singapore Armed Forces (SAF) from scratch by implementing compulsory national service for all male Singaporeans above 18 years old, basing on a concept of a combination of conscription and a professional military on the model of the Israeli Army.

Together with Lee Kuan Yew in 1965, they helped Singapore remain as one of few independent states to issue currency under a currency board until 2003.

In 1970, Dr. Goh was the chairman of NTUC Income for around 10 years. He guided NTUC Income to establish a foothold in the tough business environment.

In 1979, he contributed to the education of Singapore, which is the key to economic development, by introducing streaming to primary and secondary schools. He also tried introduced religious education to schools but this was no longer in school curriculum now.

During the 1985 recession, he quickly stopped the downward slide of the Singapore dollar and also promoted Singapore into an international financial centre.