Singapore's fund pays off

International Journal of Productivity and Performance Management

ISSN: 1741-0401

Article publication date: 26 July 2011

Citation

(2011), "Singapore's fund pays off", International Journal of Productivity and Performance Management, Vol. 60 No. 6. https://doi.org/10.1108/ijppm.2011.07960faa.002

Publisher

:

Emerald Group Publishing Limited

Copyright © 2011, Emerald Group Publishing Limited


Singapore's fund pays off

Article Type: News From: International Journal of Productivity and Performance Management, Volume 60, Issue 6

In Parliament recently, Deputy Prime Minister Teo Chee Hean of Singapore, who chairs the National Productivity and Continuing Education Council, gave an update on the progress on the national productivity initiative. The council has endorsed the productivity roadmaps of seven of the 12 sectors, with the remaining set to submit their blueprints this year.

And almost half of the S$1 billion National Productivity Fund has been disbursed on productivity initiatives.

Said Mr Teo: “We have made a good start in our national productivity drive. I am heartened that many have already stood up to be counted... But we need many more to do so.”

The sectors that have received the council’s nod on their plans – which include construction, retail, electronics and F&B – account for a quarter of Singapore’s gross domestic product (GDP) and about a third of the country’s workforce. The sectors that have yet to do so include manufacturing, info-communications and health.