Comments on ECS Reports

Singapore, at this decade’s crossroad, is vulnerable without effective change of its growth framework. With the underlying growth momentum and quantum growth rate of 8-9% of some countries in the region and without a cohesive growth strategy, Singapore may be swept under the swift current of change. In a single breath, we need both productivity and innovation to take us to the next lap.



The Economic Strategies Committee’s strategic thrusts are forceful and laser-sharp to pinpoint areas of growth and innovative developments. Now Singapore is at the helm to dream and to deliver to the world. We are to be a vital, thriving city in Asia. With a lack of manpower and raw land, we are using the concept of multiplier to virtually do more with less. Shortage of manpower is compensated by skill development and productivity increase – which is to up-skill unit of labor to produce more. To be a growing, vital, thriving city with a continuous subterraneous city is both innovative and daring. This will virtually and instantly create a larger space for a land-constrained Singapore. This will, effectively, form part of our land expansion effort in addition to our continuing land reclamation which can be cripplingly slow.



Singapore’s economic rejuvenation must be focused on energizing the growth of right industries and premised on the growth of local enterprises which in turn will pull along employment, quality of life and quality of environment.



Innovations will be the catalyst multiplier for Singapore in this competitive heat and productivity will be our answer to manpower optimization.