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01-07-2015, 05:30 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Businesses need to 'raise the bar in productivity': Iswaran
Even as the economy undergoes restructuring, Second Minister for Trade and Industry S Iswaran says Singapore is in a good position to overcome the hurdles and achieve long-term growth.
SINGAPORE: Businesses in Singapore need to raise the bar in productivity in order for the economy to achieve sustainable growth.
Second Minister for Trade and Industry S Iswaran said this on Tuesday (Jun 30) at an SG50 Luncheon organised by the Singapore International Chamber of Commerce (SICC).
Improvements in productivity will help reduce the reliance on foreign labour, which now accounts for one-third of Singapore's total workforce. Even as the economy undergoes restructuring, Mr Iswaran said Singapore is in a good position to overcome the hurdles and achieve long-term growth.
"I cite amongst other things the fact that we have today compared to 50 years ago a much better educated workforce, deeper skills we have the infrastructure and resources to invest in new capabilities in order to position ourselves for future opportunities so we are better equipped to face the challenges, said Mr Iswaran. What we need now is to come together and confront the challenges and ensure that we sustain our successes in the country.
The chamber also on Tuesday officially welcomed its 158th president, Mr Chaly Mah.
He said that going forward, productivity improvement and innovation, as well as a mindset change, are needed to help sustain Singapore's economic success.
"The change in mindset means we need to continue to be much more competitive and businesses need to change their mindset that the restrictions on foreign labour is the norm, and they need to continue to push themselves to improve productivity to be successful, said Mr Mah.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?209674-Now-more-scolding-from-PAP-apuneh-Minister-about-productivity&goto=newpost).
Businesses need to 'raise the bar in productivity': Iswaran
Even as the economy undergoes restructuring, Second Minister for Trade and Industry S Iswaran says Singapore is in a good position to overcome the hurdles and achieve long-term growth.
SINGAPORE: Businesses in Singapore need to raise the bar in productivity in order for the economy to achieve sustainable growth.
Second Minister for Trade and Industry S Iswaran said this on Tuesday (Jun 30) at an SG50 Luncheon organised by the Singapore International Chamber of Commerce (SICC).
Improvements in productivity will help reduce the reliance on foreign labour, which now accounts for one-third of Singapore's total workforce. Even as the economy undergoes restructuring, Mr Iswaran said Singapore is in a good position to overcome the hurdles and achieve long-term growth.
"I cite amongst other things the fact that we have today compared to 50 years ago a much better educated workforce, deeper skills we have the infrastructure and resources to invest in new capabilities in order to position ourselves for future opportunities so we are better equipped to face the challenges, said Mr Iswaran. What we need now is to come together and confront the challenges and ensure that we sustain our successes in the country.
The chamber also on Tuesday officially welcomed its 158th president, Mr Chaly Mah.
He said that going forward, productivity improvement and innovation, as well as a mindset change, are needed to help sustain Singapore's economic success.
"The change in mindset means we need to continue to be much more competitive and businesses need to change their mindset that the restrictions on foreign labour is the norm, and they need to continue to push themselves to improve productivity to be successful, said Mr Mah.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?209674-Now-more-scolding-from-PAP-apuneh-Minister-about-productivity&goto=newpost).