04 Mar '11, 10am

Singapore encouraging productivity-led growth

Singapore encouraging productivity-led growth

Trade and Industry Minister Lim Hng Kiang highlighted the focus on efficiency and maximising the manpower resources on how firms are pursuing productivity as a means to grow. -- ST PHOTO: LAU FOOK KONG USING a passport scanner to shave two minutes off the check-in time for hotel guests may not sound like a revolution in productivity but for newly opened Grand Park Orchard, every minute counts. This focus on efficiency and maximising their manpower resources, was highlighted by Trade and Industry Minister Lim Hng Kiang as an example of how firms are pursing productivity as a means to grow. Productivity-led growth is one of the three economic strategies that the Government is embarking on to help local firms seize opportunities and expand into new markets, Mr Lim said in Parliament Friday. Apart from pushing for productivity gains, the Government is developing Singapore into...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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