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Results of productivity push under question

Take-up rate of PIC scheme, especially among smaller firms, needs to improve

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While the take-up rate in 2012 was highest among large firms with a turnover of $100 million and above (81 per cent), it was lowest for micro-enterprises with a turnover of less than $1 million (24 per cent) - PHOTO: SPH

[SINGAPORE] So much has been spent to achieve apparently so little - it could well be time to take stock of just how effective the help rolled out by the government has been in boosting productivity levels here.

A closer look at the business community's hopes for Budget 2014 reveals that