Singapore productivity

Singapore should aim to grow faster than eventual 2-3% long-term rate: Gan Kim Yong

Even as a mature economy, the Republic’s growth rate does not have to slow down yet, he says

Between 2010 and 2024, Singapore sustained productivity growth averaging 2.3% a year.

Productivity gains key to unlocking wealth creation

Singapore has one of the highest rates of such growth among advanced economies, thanks to the interplay of industries, technology and people

PM Wong says the government will provide short-term support to businesses “without blunting the incentive for them to restructure”.
SINGAPORE BUDGET 2025

Costs and competition are unavoidable, but the government will help businesses transform: PM Wong

The country must press on with improving productivity, he says

From 2005 to 2015, labour productivity had a compound annual growth rate of just 0.5 per cent, said past reports.

Singapore’s labour productivity up 2.4% a year since Industry Transformation Maps roll-out: MOF

Real income grows 1.9% per annum in the 23 ITM sectors, says latest Singapore Public Sector Outcomes Review

Senior Minister Lee Hsien Loong says he is "quietly confident" that Singapore will overcome the difficulties of a shifting global dynamic.

Singapore will be doing ‘quite well’ if it can sustain annual growth of 2% to 3%: SM Lee

This can be driven only by workforce growth and productivity gains, he said

Singapore has very high urban land rents, which have hurt its relative productivity.
THINKING ALOUD

Singapore’s gravity-defying property prices hurt productivity, innovation and diversity

A radical rethink of how real estate is allocated and priced in Singapore may be necessary

Singapore restructuring: defining success more broadly?

Singapore restructuring: defining success more broadly?

AS the pains of economic restructuring become more evident, questions have once again been raised over whether the growth Singapore is sacrificing in the short-term will pay off. Specifically, will th...

New rules to boost construction skills

New rules to boost construction skills

From 2017, at least 1 in 10 Work Permit workers must be of higher skill, says DPM Tharman

Employers should proactively train workers, while workers should take charge of their own development, says SNEF president Robert Yap.

Singapore firms must transform for productivity amid economic uncertainty: SNEF

THOUGH economic conditions have become gloomier, firms should press on with transforming for productivity, said Singapore National Employers Federation (SNEF) president Dr Robert Yap in his May Day Me...

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😁 Can we have a four-day work week, please?

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