Celebrating productivity excellence

AS Singapore's economy matures and enters a slower growth phase, future economic expansion will have to be strongly supported by productivity gains. The country faces a tight labour market and manpower costs are rising. Raising productivity is therefore critical for businesses to maintain their competitive edge.

In recent years, the government has renewed the national drive for raising productivity. The message is clear that for sustainable growth at both the national level and individual business level, all will have to join hands and work smarter. By doing so, they can reap the benefits of productivity growth through higher wages and a better living environment in the country.

Singapore Business Federation (SBF), as the national apex business chamber of 21,500 companies working for business facilitation, voice representation and capacity building, is playing a key role in promoting the productivity movement in the country.