Tag: Singapore productivity

The Heart of Singapore’s Productivity Challenge

January 14, 2015 Blog, Business and Management no comments

Flying Robots Singapore

Flying robot waiters are nifty, but are they enough? (courtesy of RT.com)

How can we raise Singapore’s productivity? That is the multi-billion dollar question.

A recent report in Business Times offered suggestions by economists to lower the steep productivity growth targets for Singapore from 2-3 percent per annum to 1-1.5 percent. Various suggestions such as supporting Research & Development for the PIC scheme (which IRAS already supports by the way), and offering discounts for not hitting the foreign worker hiring ratio were suggested.