A Guide to Productivity Measurement Spring Singapore provides a comprehensive guide to understanding and measuring productivity in various industries, including retail and food services. The book covers key productivity levers such as a holistic productivity measurement framework, effective entrepreneurship, and manpower management. The book also discusses the use of the Productivity Measurement and Enhancement system (ProMES) and its criteria for success.
The book covers a wide range of industries and business sectors, including manufacturing, service industries, and effective entrepreneurship. It also discusses the importance of a panel-based econometric model to investigate the impact of clusters of firms and educational institutions and R and D investment on productivity.
The book is available in multiple languages, including English, German, French, Italian, Russian, Dutch, Danish, Swedish, Norwegian, Finnish, Turkish, Slovenian, Swedish, Finnish, and Latvian. The book also provides an integrated approach to designing a productivity measurement system.
In summary, A Guide to Productivity Measurement Spring Singapore offers a comprehensive guide to understanding and measuring productivity in various industries, including retail and food services. It provides valuable insights into the importance of a holistic productivity measurement framework, effective entrepreneurship, and manpower management in the service sector.
📹 How Did Singapore Become So Rich? Singapore’s Economic Secrets
The Economy of Singapore’s GDP per capita grew over 125 times since independence, to become a high income nation. Rarely …
What is the productivity policy in Singapore?
Singapore’s deputy prime minister, Wong, has announced an ambitious goal of achieving an average annual growth of 2 to 3 per cent over the next decade, with one to two percentage points coming from productivity improvements. This ambitious goal requires continuous transformation, including learning new business methods, skills, and technologies, as well as replacing declining industries with new ones.
During the debate on Budget 2024, Wong highlighted the need for better growth, inflation assistance, and the sufficiency of Singapore’s social support system. The country’s development stage has only allowed it to sustain such high productivity growth.
What is the objective of productivity measurement?
Productivity measurement in the workplace involves assessing the effectiveness of individuals or teams in completing tasks and achieving objectives. It involves setting performance standards, monitoring progress, and evaluating outcomes to understand employee performance levels and work process efficiency. This is crucial in human resources management as it helps identify performance strengths and weaknesses, guide resource allocation for training and support, and align employee efforts with the company’s strategic goals.
Productivity assessment aids in employee development and organizational growth. Methods used to measure productivity include quantitative metrics like output per hour, qualitative assessments of work quality, time management analysis, and monitoring the completion of set objectives. Key Performance Indicators (KPIs) and regular performance reviews are also essential for a comprehensive productivity assessment, providing a multifaceted view of employee performance.
Why is Singapore booming?
Singapore, a high-income economy with a business-friendly regulatory environment and robust investments in infrastructure, education, healthcare, and public services, is the highest-ranking country in the 2020 World Bank Human Capital Index.
What are the three ways of measuring productivity?
The process entails monitoring the number of tasks accomplished by employees, evaluating the company’s output in relation to its resources, and soliciting feedback from employees regarding the quantity of work they complete.
What is the productivity trend in Singapore?
Singapore’s productivity declined from 126 points in the first quarter of 2024 to 114 points in the second quarter of the same year. This represents a departure from the average of 87 points observed over the period in question. A decline of 11 points was observed from 1980 to 2024. The country’s productivity, defined as the real value of output produced by a unit of labor, reached an all-time high of 126. In Q1 2024, the figure was 0. 00 points, representing a record low of 51. 70 points in Q2 1980.
What are the three major types of productivity measures?
Productivity is a measure of economic output, ranging from labor productivity to capital productivity, material productivity, and multifactor productivity. It is determined by the efficiency of capital used to produce a specific output, the total economic output generated per unit of material used, and the total productivity generated by all other factors combined. While some categories may include technology or managerial productivity, these are the most important and widely-used.
What are the 5 most commonly used productivity tools?
The article discusses the importance of finding the best productivity apps for individuals, as productivity is a deeply personal concept. The author believes that there are categories of tools that can help individuals become a better version of themselves, but not everyone needs an app from every category. Some productivity tools work better for more people than others, and not everyone needs an app from every category.
The author suggests that knowing what kinds of apps exist and what to look for in an app is more important than knowing the “best” app in that category. The article emphasizes that productivity is a universal feeling, and understanding what works for one person may not work for another.
What are the 4 types of productivity?
Productivity measures are divided into four main types: capital, material, labor, and total factor productivity. To measure productivity in an organization, use the labor productivity equation: total output / total input. Factors affecting productivity include energy, individual attitude, equipment and resources, objectives, leadership, and environment. The labor productivity can be calculated by dividing $50, 000 by 1, 000, resulting in 50. The combination of these factors significantly impacts an individual’s productivity, whether work-related or not.
What is the best way to measure productivity?
Productivity is a measure of efficiency, ranging from individual to entire companies. It is calculated by dividing output by inputs needed to create output. The higher the productivity, the fewer resources needed to produce the same output. Productivity is typically calculated using a productivity formula, which compares input resources to output over time. Each company has its own formula to suit its workforce. Productivity and profitability are often linked, with increased profits usually indicating increased company productivity.
However, this method is not perfect, as various variables can cause sudden increases in profits, so conducting an in-depth cash flow analysis is crucial to determine the exact cause and maintain the current level of productivity.
How does Singapore measure productivity?
The real value-added per actual hour worked, a measure of labor productivity in Singapore, has exhibited a growth rate of 2. 8% per annum over the past decade. This growth rate has met the ambitious target of 2 to 3% set forth by the Economic Strategies Committee.
What are the types of productivity measures PDF?
Productivity is a measure of how efficiently input resources are converted into outputs. It is a continuous process that requires measurement, evaluation, planning, and improvement. Productivity management involves developing plans for productivity programs based on the four-stage cycle: measurement, evaluation, planning, and improvement (MEPI). The total productivity model (TPM) is a diagnostic tool for productivity improvement, based on a total productivity measure and five partial productivity measures.
Productivity evaluation is a complementary part of productivity measurement, evaluated using productivity indices calculated during the measurement stage. With over 25 million members, 160 million publication pages, and 2. 3 billion citations, productivity management is essential for achieving high productivity levels.
📹 Safety is NOT a Priority – Safety Training Video – Preventing Workplace Accidents and Injuries
Safety is NOT a Priority – Safety Training Video – Preventing Accidents and Injuries A truck technician with almost 40 years …
Singapore is an amazing success . I’m from a twin island state Trinidad and Tobago . A population of 1.3 million . Blessed with an abundance of natural resources, oil, natural gas, fertile land, beautiful beaches and a great ecosystem . But we are also not blessed with a great deal of highly educated corrupt politicians . Singapore maybe a one party state, but it seems to me that their politicians are simply HONEST !
Hello there, I am a Malaysian Malay Muslim man age 33, from Johor Bahru, Malaysia, very good Singapore, you have done good job to developed your country, I have ever been working in Singapore, I am happy with quite good income with their payment of salary, it’s more better than I work in Kuala Lumpur, Malaysia about 10 years before. Thank you and well done Singapore.
I lived in Singapore. The unmentioned factor is that everyone works hard. They have had an unbelievable work ethic. The pioneer generation were given a good opportunity by an intelligent government, but they worked hard to improve themselves. Another unmentioned thing is the significant economic pressure on working families. They are required to look after their parents and want to educate their children. These are two very expensive things to do.
when one looks at world history one can see the rise and fall of a country, an empire or civilization as a result of the quality of leadership. a great nation can only be measured through its leaders. without proper leadership its direction can stray, specially with a multicultural population such as singapore. LKY provided the foundation and template and followed through this plan. the singapore we see now is a result and a testament to that vision.
Fun fact ; most Malaysian Malays would regard Singapore as a stolen land (from them) by the Chinese. And would often claim Singapore as a vice city with no regard to halal or Islamic way of that they should be. Finally and ironically, as the very reason to kick out Singapore during 1965, Malaysia is still battling racial issue till this very day.
Greetings from Singapore, and thanks for this. Checking out the rest of your articles and subscribing! Overall, a great job. Just a few minor points. LKY was truly one singular genius. He also picked a great team around him, people who don’t get the credit they deserve, such as Goh Keng Swee and S Rajaratnam. In a part of the world rife with ethnic and religious tensions, the vision was to make a place where these do not exist. I, for example, live in a neighborhood where a Sikh temple, a Buddhist temple, a Catholic church and a Protestant church are all a stone’s throw from each other – and no one has ever thrown stones, not least since the 1960s. The PAP can indeed take credit for any things, I would say their guiding philosophy is I don’t care who has come up with a great idea or a solution, whether right or left, democratic or communist, I will study it and adapt it for our own needs. In the process, we have developed solutions that are truly our own, you mentioned housing and the CPF. Lastly, our leaders in government and in business know full well we have no resources to fall back on, no domestic market. We either succeed on the international stage, or we lose our independence. Keep up the good work and may 2021 be a great year for you!
Sg became successful because of the leadership of only one party every project is getting implemented and approved very quickly and corruption can easily be tracked. It has no ruling oligarchs to interfere with the economy. It may also put into note that true born singaporean are maybe just around 2m the rest are foreign workers which builds the manpower of this country. All in all LKY and his ruling party has unbelievable good governance. Singapore for what it became is the City of the future.
A fair and even-handed analysis of Singapore’s success and shortcomings. I’m especially impressed at how you’ve explained the root causes for Singapore’s inequality, low birth rates, and our dependence on migrant labour. These critical flaws are, to a large extent, a product of our own success. And yes, on both ends, bad and good, it’s got something to do with the way the country has been governed to date.
Thanks for doing this article. Found it most interesting. The people of Singapore are able to recognize caring and wonderful leaders and we voted for Forefather Lee Kuan Yew and his party again and again. This meant that the government could strategize and implement many long-term projects in education, infrastructure, economy, etc. In Singapore, we believe that if the country is blessed with a good leader, we should continue to follow him. As no leader is perfect, we do not mind small inconveniences / sacrifices. This is what makes Singapore so unique. It is what helps us to grow and prosper. We appreciate the wonderful leaders we have and are sadden when we see them age (spot white hairs / lose hair) before their time while steering Singapore ahead.
The success of Singapore is foremost a study of nation building. Upon being expelled from Malaysia, it does not have police and armed forces, currency, even water needs to be imported and it had millions of mouths to feed. Everything becomes a matter of survival. Lee Kwan Yew’s quote – “There is no free lunch”, becomes the pragmatic approach in its governance principles. Singapore knows that if it does run, it will fall back. Without endowment of rich natural resources, it cannot expect timely rescue effort from other countries. Hence, it’s a relentless drive to keep ahead – to survive and if fortunate enough, to thrive. Singapore’s no-nonsense, disciplined government policies are all carefully designed to ensure survival, most of all. It’s just that it is so well planned and administered that it actually becomes ‘successful’. Remember, there is no free lunch, nothing is guaranteed and nothing comes for free – one needs to work really hard for things one wants.
Singapore is what you’d call a benevolent dictatorship. Whether it’s a good thing or not is up to everyone’s opinion, but the stability that arose from such conditions makes Singapore an ideal place for businesses and multinational corporations. It’s kind of a PRC-USA fusion in which you try to take the best of both worlds and merge them into one. You have some basic freedoms but sacrifice others at the expense of stability and safety.
Might I add that Singapore, like China, is one of the safest countries to live in, in the world.. very few crimes and children don’t do drugs in schools (unlike in many Western countries where this is rampant). I heard that this is one of the compelling reasons for expats with school-going children to work and live in Singapore – parents don’t have to worry that their kids will be shot at or will do drugs at schools. Of course, good governance is key – hats off to the late Mr Lee & his ministers who built Singapore as well as to the current PAP party. The way Singapore managed COVID-19 (despite the initial blunder) is a good testament to its good policies and its people – most of whom trust their leaders and government.
I am Indonesian, and we have a lot of respect to Singapore. Indonesian must learn from Singapore. In fact, Singapore is on the top of mountain and Indonesia is at the bottom of the mountain. It is easier to climb up the mountain than keeping on the top of the mountain. Singaporean must keep them self on the top of the mountain or being forced to go down form the top
Singaporean here. Excellent article! You know more than most Singaporeans. Here’s another nugget: you mentioned the two wealth funds (Temasek and GIC), but there is a third, which is the Monetary Authority of Singapore (MAS). The value of Temasek and MAS portfolios are public but GIS is secret, as we don’t want external parties (eg. Soros) to speculate against our currency / economy and cause disruption (like the previous financial crisis).
Hard work, geographical position, an effective one party state and an application of Economic theory. Add a population with what became middle class aspirations (no aristocratic ruling class), a controlled media, a banking system with less transparency that Switzerland (Robert Mugabe is believed to have had billions in his Singapore bank account). Add too a fundamental belief in education (compare Britain) and its leading university has moved to the top 20 in the THES annual world rating. Draconian law and enforcement may also be a factor: miscreants are canned, drug traffickers hanged an even not flushing the toilet is against the law
Extremely Nice article and beautiful cities,vacations and going on tours seems to be a kind of relaxation to me,I find meeting new people from different race as fun and educating,each year I find out time to travel to at least 3 countries I have never been to,nevertheless comfort or would I say living the way I do is too expensive,as long as you can afford it,it’s fun
I may have some disagreements on some of the things they do as far as the punishments or overreach, but I respect them for why they have accomplished. They also choose this and appear to all work together for the betterment of all. They seem to enjoy their lives and should be proud of what they have built. I am going to research more on this country. It’s good to see a country focused on improving themselves through hard work and discipline without having to plunder nations around them. Great job guys!
YouTube presents an article concerning about ” how did SG become so rich? ” SG economic secrets. Since the the speaker has already explained with details of how come SG is so rich is mainly due to our government’s efforts which the speaker has already explained. Our neighbour has envy our success as we started from rag to rich. We did not have water, and other natural resources like Malaysia and Indonesia and Thailand. The credit is due to our government. In this instant let invite our friend Mr. Xavier Lauzac, who has criticised my earlier comments Malaysia – SG article. Hello, Lauzac, its all your.
Any Sg citizen saw the national reserve statement? A company without the balance is non transparent n be rejected by share holders. PR on wealth is highly questionable. National debt 2.6 trillion $. Debt to GDP more than 300%. The highest in the world. Why all these data’s are omitted on this media talk?
its simple, if politician focus on doing the right thing rather than calculating political outcome, also less of bribing and other under table deals to benefit the wrong people. Any country can do it. How can Singapore politician stop calculating political outcome over doing the right thing? simple, it has a bit of dictatorship at the start, and recent years this has been weakened. If this weaken dictatorship do not violet the current ways they are operating, then it will be okay, or else…..lets see Lets me clear, i am not for dictatorship but I come to realise no matter what you do, there is always ppl that 1) agrees 2) disagrees 3) dont care So even if you are making the right choice for the country, you will never ever ever be able to please EVERYONE, you will always get the 2)disagree population no matter how small they are. So what happens if you are doing the right thing for majority of the people, but your opposition party put a magnify glass over the 2)disagree population? You end up going nowhere and no where, especially these days the social media etc…and for me this was supposed to be the advantage of democracy, but it has come to an age where this part of democracy actually “sometime” making the country to not making the right long term decision, and multiple of these wrong decisions lead to…….”£%$^%£&%^
So proud of Singapore I have been several times and let me tell you learning about it from school and truly seeing it is way different like the people there are some of the hardest working yet nice people you will meet they love life and actually appreciate the things they worked for can wait to go back this summer hopefully
LKW use tough love to get his country in order. Nevertheless, it’s an island that he managed to consolidate his more authoritarian approach. Most of his defense arms supplies comes from the U.S. Otherwise, the tiny island would be taken over by China. LKW is pretty much like Tito for the Balkans. He used both the East and the West and his best approach is to maintain neutrality and using the funds to better his people.
I see as the main point that the government understood, that if you want to lift up a country, you got to lift up everybody. You can’t let people behind. You have to share the cake, even though not everyone can have the biggest piece. Other Asian nations are different, 95% have 5 % of the wealth and 5 % have 95 % of the wealth. But the gap is widening here, it has to be mentioned.
Actually Jakarta, Kuala Lumpur and to a extent Bangkok sits on the trade route too. And geographically, Bangkok can be a better air hub than Singapore. But these countries didn’t exploit their advantage as much, their leaders were also not as wise or as hungry as Singapore’s leader. Survival was everything for them. It is either do or die.
FunFact: Singapore has a larger economy than Egypt. Yeah, a city state of less than 5.8 million people, has a larger GDP than that of a nation of over 110 million, with another few millions living overseas as a diaspora, sending remittances back home, not to mention all the foreign aid they get on an annual basis, and a population living in 8% along the River delta of a 1.1 million kilometer square desert, that doesn’t even have oil under these sands. Singapore is even smaller than Cairo, in every sense imaginable. Hell, it’s even smaller than the city of Alexandria.
Malaysia did “not decide to part way with Singapore” Singapore was kick out of Malaysia because Singapore did not want Malaysia to be a racist country favouring only the Malays. The then Malaysian Prime Minister Tungku Abdul Rahman is a racist. The rest is history just looking a what Malaysia has become today.
The prime minister dud a grate job. especially he got all to save n through him the island became rich. my late sister visited Singapore via India n dubai. she bought me a sarie. its very beautiful work man ship is highest quality the working beads were sewn so properly it dosent fall off. everything is very expensive. Well visitors cannot afford to bring presants. thanks to President Lee they r rich. he made the island beautiful.onky the rich can visit.
Well done Singapore! 👏 This is a perfect example of how an island nation can be prosperous, the carribean needs to take notes. They didn’t have much resources either, but they focused on developing and exporting technology. That’s the only way we can progress, we don’t have a choice. Start focusing on the right industries, I’m sure we could do great things!
Singapore before n now all credit must go to Mr Lee Kuan Yew n his political party . PAP . LKY want zero corruption from all his party politicians n all gov’t servants . From zero corruption policy Singapore before n now achieved with flying colours . Singapore a very small island without natural resources . Only business — services ! Every things Singapore needed all are IMPORTED . ( Even PRO N P ……. from others countries ) .
Double thumbs to you Sir. I like how you explained each factors that affects Singapore’s booming economy very well. I agree with your thoughts about whether the kind of Singapore’s approach in improving its country (good transportation, excellent city planning, etc) would work in larger scale(let’s say the Philippines or Vietnam which are some of the developing countries in SEA) considering its being a small city state. Nevertheless, good governance in a country is always the core of a stable economy.
It’s fascinating perusal these articles and not ONE is about the emerging GIANT of the 21st century. Africa with its new African Trade Deal linking all 54 nations, making it the largest and most profitable trading block on earth. The raw materials on the continent ate no longer simply going to used be manufactured in the West with those products sold back to Africa at ridiculous cost. Manufacturing of the abundance of raw materials like coltan, rubber, gold, cocoa, coffee, cotton is being done on the continent and sold intra Africa. This makes trading with EU and the US almost irrelevant with the huge population on the continent and millions of people moving into the stable middle class etc…Rwanda is a close partner with Singapore using it as a model. Rwanda has implemented universal healthcare, a living wage, free education from kindergarten to University and has increased it’s manufacturing base by %2000. During the pandemic lockdowns when the EU blocked the US and England Rwanda was on the short lists of countries who had handled the virus with efficiency allowed to travel to Europe. Your series is like most things in the West predictably out of touch 🙄🤔
Trillions and trillions of money from neighbouring countries, e xpecially from Indonesia, were invested in Singapore in early 1960s. At that time there was strong anti Chinese feelings particularly in Indonesia, and the rich Chinese was looking for safe heaven to place their money. Many time Indonesia tried to get back their money but failed. Indonesia even offer amnesty recently, but got peanuts back. Singapore become financial hub with neighbours money.
It is Government POLICIES And method of handling and backing the policies – made Singapore Great.* Not like Policies, left uncared as in India, Only making leaders To enjoy – Pleasures of Power. Any Country, Supported And cared accordingly will enjoy, as well – But, if supported as of IMF -, THE SITUATION WILL ONLY FOLLOW, AS TO THAT OF – PRESENT SRILANKA. * BHAI.
Unfortunately this gives the impression that everyone living in Singapore are living in total luxury. Nothing is further from the truth. Singapore, like some of the British islands in the Caribbean, are major “banking” (read money laundering) centers, with some really rich workers. It totally skews the per capita income. There are hundreds of thousands of people just getting by with no hope of retirement. Get the facts. I wonder who pays for articles like this.
Expensive cars is not a policy designed to make people use the public transport. You got it backward. It is expensive to reduce car dependency and number of cars on the road. People use public transport because it is one of the best in the world, not because they are forced to. If you need a car because public transport sucks so bad, you are going to get a car by any means necessary.
Tbf, since the last century, it is not so rare for countries to become rich (or at least a lot less poor) quickly. Singapore yes, but so did HK, Taiwan, S/Korea, Japan, West Germany, Chile, Botswana, China, Poland and so on. Catch up growth is easy, it is politics that’s the problem. Populist policies that require high spending and taxing, anti-trade policies, anti-business policies, corruption. .. Those are what stifle what should be easy growth. Even Africa is growing Ina sustained way for what is probably the first time.
Excellent article👍 it’s well balanced and focused on main areas leading to country’s success (topic of article). Keeping article short on this platform is important. LIKED the mention regarding country’s debt rankings in the world, I remember a time when it was decided (although not needed) it was necessary to borrow.. Simply to help develop a more vibrant Bond-market and with ratings’ development.
Singapore become rich, because our goverment are honest and hard working…….. And in return singaporean also work hard, and earn clean honest wages, and together we move on and become rich.. sg dont pretend, we are sincere to all who come and invest in sg,. We dont cheat or bully the investor, and our sincerity has encourage them to ask their friends to also come and invest in sg also..and this made sg become rich, and all investors also become rich also..
Hahaha I am not jealous, no worry. I am a German with a very nice life in Indonesia. Singapore is not the only country whoms wealth come from money laundring. Eg. Switzerland, Luxembourg, HK, Virgin Island, Malta etc etc etc Money laundring is actually a failure of capitalism, same like stealing the tax. But as we see right now very clearly, capitalism is collapsing. To be honest I am keen to see what this money laundring and tax heavens will do than ? Cause their business model no more work………. By the way I actually built Singapore with hundreds of German machines and plants since 1996. And as thank you, the last two times Singapore immigration deported me, cause I said what I thought. What is wealth good for, when you can not say your opinion in a totalitarian state ?
I applaud your depth and fairness in your presentation. I do not want to come across as defensive, but I do want address 2 points. Apologies if I come across as overly defensive. 1) Expensive cars. Yes, it is most expensive to own a car in Singapore. Somehow, it’s like it’s an unwritten human right to own a car. Or at least it seems that way. I think one of the reason is because in some cities in the West, public transit is so bad, that a car is a necessity. No so in Singapore. I’ve lived and studied in Vancouver, and the buses run every half hour during peak hours, and every hour during non-peak hours. And in some cases, the nearest bus-stop was quite a walk. I recall that the buses were so infrequent, I preferred to walk for 20 minutes, rather than wait for the bus. In Singapore, you don’t NEED a car. The buses run every 10 minutes. The less popular services, may run every 12 to 15 minutes. Even during off-peak hours. Cars are not necessary, and are bad for the environment, bad for congestion, and bad for our health. So they are priced to account for all these externalities. 2) Press Freedom. in the article we were compared to Venezuela (ranked #147). Note also that our ranking was decided by the “World Press Freedom Index” which I assume (am I wrong?) is made up of journalists. Probably western journalists or predominantly western journalists. But let’s see how our neighbours did. Malaysia is pretty good at #101. Indonesia is at #119. Philippines is at #136. Myanmar is at #139.
I am always amused whenever Singapore’s success is mentioned and invariably some will mention the fact that Singapore is a small city state. The reason being a small country is easier to manage. There are so many small countries that are failed states or failing. If size is a factor, then the solution is simple – just slice a big country into small slices. Actually, you don’t even have to do that – most countries comprise cities, counties, provinces, states etc that are of manageable sizes. In fact, China actually copied Singapore’s many economic and social policies. China did that by first implementing those free-trade policies in the coastal cities. Once proven successful, it is then implemented in the other cities, second-tier cities, and slowing moving west into the less developed provinces. Yes, small size is easier to managed. For big countries, it is simply a matter of implementing these policies at an appropriately sized chunks of landmass, be it village, town, city, country or province levels.
One quirk about singaporeans is the endless complaining and grumbling about high costs of living, but those same middle-class folks will buy new flashy luxury brand cars and own multiple properties, while holidaying overseas, even boasting about skiing. The govt is progressive and pragmatic, but large number of the older citizens are arrogant, petty, uneducated and inconsiderate. Their affluence has made them self-important and too full of themselves with their embarrassing, ignorant opinions.
But despite all the criticism of press so many international press has regional HQ here BBC CNBC Bloomberg Reuters and so many more Even NYT LA times Washington post and many others print their asia edition here We didn’t place any major restrictions on any press coming to report here All we did was to keep the press accountable and that only the truth is shown to the public and not false and misleading information like what is happening in the west USA in particular. While large countries can afford such unaccountable freedoms for a tiny city state like Singapore smaller than new york and London we need to have accountable civil liberties because our priority is the survival and well beings of singaporeans then come democratic norms. It’s very impt to treasure the success of singapore and not take it for granted because we are a small shrimp in the sea of sharks and if we collapse no one is coming to save us. It’s small it’s vulnerable and tight measures are need to ensure it’s continuity and sustenance. I can’t speak for the future generations but if they take things for granted then they only have themselves to blame and we won’t have another lee kuan to save us. We will sink underwater faster than the titanic
Singapore can be seen as rich country but nobody knows how much poor local people are living in 1 room flat or rental flats only and those figures are not shown, most of the rich people are basically the new citzens or permanent residents or investors so not all local citizens are rich and many locals have lost their jobs due to much foreigners taken away their jobs this are facts . Therefore Singapore is getting expensive to live in, To those out there do your research before you settle here thank you.
my wife is from Singapore so i think i know what i am talking about. what they always show you is the facade. you see the buildings they show you? that’s the financial district. sort of showing manhattan and say that everyone in US is rich. the thing is, they put lot of attention on foreigners and little on the locals. yes you get jobs if you are local, but low skilled jobs are really paid peanuts. also, the govt houses are pretty bad, meaning that yes you have a roof over you head but a family with 6 children gets a 1 bedroom flat… i know it’s not govt job to tell you how many children you can hae, but shows you that the living standard is actually low. European countries yes do have debts, but the living standards are way higher.
many countries should learn from Singapore and other Asian countries. Asians have good work ethic and focus on practical skills. The ‘compassion’ politics of the West are destroying itself, enabling so many bad actors who want indefinite dependence, like a doctor who doesn’t want their patient to become well.
One of the secrets which many dunno that made Singapore rich is that because of the “divorce” with Malaysia in 1965 after gaining merger in 1963, the young island nation was “gifted” by Malaysia a cheap water agreement from Johore (for 99 years till 2061) which is priced at just 3 sens (1 Singapore cent) per 1000 gallons for 99 years. Plus Singapore is entitled 250’000 gallons of water each day from Johor hence many times the Malaysian state faces lack of water due to the increasing population in Johor state during drought times and had to buy from Singapore at a much higher price. Even China charges HK 30’000% more despite being the same country. Mahathir as PM-4 had the chance to review the water price in 1987-88 but he chose not to do so as it does NOT benefit him or his cronies but it was a great loss to the country itself.
The ways how Singapore become so rich …was duplicated in China. In 1979, Teng XiaoPing met Lee Kuan Yew in Singapore… He was impressed by Singapore’s ways .. in creating jobs, growing its economy, its social engineering and its meritocracy policy. Teng sent almost 20,000 Chinese officials to Singapore for training in adopting the LKY’s system. Goh Keng Swee retired to become Teng’s advisor on economic development. Teng started with a pilot project in Shenzheng… the rest was history. The Singapore’s way can be duplicated in bigger countries…even as large as China.
Singapore is rich but I m not. The middle class and lower class work their asses off with lower paid jobs. It is not all crazy rich asians in Singapore contrary to what all the whites think. The older people have to go to hawkers to work and clean tables and work in McDonald’s.It is not all a rosy picture of big structures like marina bay sands. Singaporeans are hardworking people and have been taught to apply critical thinking all the time. It is stable governance to count for but it’s extremely stressful to work in Singapore, every Singaporean knows that. Pay is once a month, and people look forward to mid and year end bonuses to be truly motivated. So every country has its own trouble. Hospitalisation is still bloody expensive. But then again singapore can’t be like australia with free Medicare and all, otherwise it”ll go from rich to debt.
You are only reporting the good and being a local, we see and experience a lot of the others that you have missed. Do you know that over the years, a large portions of the locals are becoming the bottom of the workforce chain? Do you know that the salaries of the ministers? Do you know the loss made by the GRC and the Temasek holding? Do you know that the government is not disclosing the spending and investment? Do you know that owning public housing is only available for “up to 99 years”?
Workers are a leased asset that require maintenence, you invest in assets. Everywhere else workers are viewed as expenses. This should be all you need to know about Singapore. People make the self perpetuating education and policies. Businesses go there for the policies, skills and subsidies in upskilling.
This documentary can be right but the real jump in singapore was education, the focused on that more than anything else and that is why there was such a growth, is not only by economical mesures that a country can develop in such a rate. The real factor is how well the citizien are thougth that’s the key reason, then all the rest.!!! Education education and education!!!
When Singapore became independent in 1965, her population was about one million. The implementation of a series of clever policies, including that of immigration had had attracted two major types of new citizens and permanent residents. The first is the well educated or the so-called foreign talents and the second is those who brought in the country with wealth they already had had before they became the Singapore citizens or permanent residents. The population of Singapore now is 5.6 millions. A simple calculation will show why Singapore could become so rich in a span of 60 years.
Thank you all friends for praising our achievements. Basically, these can only be achieved with citizens cooperation and good leaders. I am quite upset if LKY done such there is nothing to commentate a Public holiday for all his effort that should and always be recognised so that future generations will not forget where we started from. Where we are and will be in future. Sadly speaking not even an official public holiday when he pass away. I hope the will be a PH in the name of him as a mark of respect to thank him not only on this very day but not to forget who spent a whole life to bring up this Island to a country.
Truely, if not for the great foresight and superb execution of 25years plans ahead, Singapore would not have become such a attractive place for FDI. Not surprise that in the midst of Chaos…people (especially the SUPEr Rich) are flooding to SG either to divest their business into this Small Tiny City or shifting their asset to SG. It just shows that stability of the governance of the country is the Key.
Singapore has been governed by only one political party since its independence and that is the PAP. Some critics says that this is a bad system as the government will become complacent if in control by the same political party for too long. Singapore has proven that this has not been the case and so has China. So to those who have this idea i hope you will look into these two countries for an answer to your concoction
I would put the seaport as the top natural asset Singapore has for being rich. The leadership 2nd. The seaport – and its very strategic location – was what made Singapore a bustling city since the British colonial days. LKY is the most brilliant leader in the world. But he would never be born in Singapore had the seaport city had not been successful enough to have attracted his ancestors to move and settle there. Without the strategically located seaport, no amount of brilliance would bring us to this level of success, this quick.
There are many reasons to make Singapore very rich : Far-sighted or long term strategy, Clean, pragmatic and effective governance, Equal treatment to all citizens regardless of races, religions, cultures, etc, so as to forge united people and social harmony and to attract foreign investments, Good educational system to create all kinds of elites, Good national budget to accumulate financial reserves and to avoid unnecessary expenses, Government is firm believer in FACTS SPEAK LOUDER THAN WORDS. Government encourages all citizens to strive for better livelihood.
My wife was born in malaysian Singapore 🇸🇬 in 1963 – only 18 years after the end of WWII. Her grandmother was an ethnic Chinese who suffered at the hands of the Japanese. My mother-in-law would often refer to the “white devil” when describing certain events of her youth. I am honoured to have had the privilege of being married on the grounds of Fort Canning in 1995. My daughters are what we call “heinz 57” here in Canada 🇨🇦 ❤. Blessings to all who strive to make S’pore a better place!
I not surprised about this because when Malaysia kicked out Singapore on 1965, After Chinese base Party like PAP rule this Country, Many Chinese Entrepreneur from All Around the World give fully support and Invest & open business in Singapore.And the Important thing is United States, UK, Israel, Australia & Most of Non Muslim Country Support Singapore Economy.World Bank & Many Financial Organization give Support to Singapore.Singapore easy to borrow & get loan from Many World Financial Organization.After they get a Money So They Plan to Develop & Build Singapore to be More Better From The Past.
Why is Singapore so rich. You don’t need a rocket scientist to answer that. They left Malaysia, They don’t have NEP, Bumiputers sahaja policy, UMNO, Mahathir, Pewaja steel, 1MDB, Bank Bumiputera, Sapura Energy, PNB, MAS, MEC, GLC bailout and many more. If Malaysian GLC would have just done Goreng pisang, Nasi lemak and Ikan Bakar business we would been on top ten in the world.
Is a place rich when the total economy has lots of money or is a system rich when the min wealth is high? If I have 200 billion, you can’t use my wealth to make all the poor people rich… Weirdly that seems to be the data you use. USA and UK is technically a system with high amount of wealth, but 80% of the population is living in a world where they have less or no money when they die. People see their children doing worse than they did…
Yes the indigenous population was white British sir Sidney Raffels first set foot on the Island, nobody owned it and no one lived there. The Dutch had taken all the good realestate Indonesia, He said I will make this Island the richest in the world, his crew said your crazy he carried on and introduced British Common law and a business your word is your bond. The result is a successfull country.
In #Kenya the #singapore vision is what is envisaged by #Rail Odinga to take of advantage of the ever-rising literacy of 80% of the #Kenyan population but unfortunately, #USA and #UK to some extent #EU do not want #Kenya revolutionising the #Singapore or #Isreal way because its highly educated population which extends to all those countries in diaspora. They would like to keep the brain drain to their countries which is working in aerospace and highly in demand brain and heart surgeries, rising kidney disease, etc. #Singapore and $Israel worked on these obstacles tactically by first ensuring domestic use of innovations before exporting.
Making sure extra money are keep in the nation reserve and not to be website elsewhere and do not increase the expenditure without control. This is how perhaps Singapore is rich in certain sense. Money is very attractive can be compared to a pretty girl which can seduce many to want them more and would seem to be never enough. It not wise to be remember one can have 4 woman and 7 more, that may keep one preoccupied with woman or more better petty girl. Diverting to other less interesting things may help this addiction whether woman or money. Both usually leads man to mistakes.
Singapore became rich is because they got a very good government who is fair and not racist. Their government got good and smart ministers and good governmence. Every citizen get a fair share and not like Malaysia who only give pririoty to their own race. Singapore is moving forward while their neigbor Malaysia is going downwards. This is why Singapore is so rich. But Malaysia only those corrupted minister are rich but the citizen are poor.
Every dollar that leaves one country must end up in another. Very often, this means that illicit financial outflows from developing countries ultimately end up in banks in developed countries like the United States and United Kingdom, as well as in tax havens like Switzerland, British Virgin Islands, or Singapore.
Hi, please give reply, iam from Hyderabad, india, i think after India’s independence in 1947, many caste society elders & members got benifits from hidden public trust or union government India related commonwealth crown estates or london stocks or princely kings paid taxes mater.., Can u explain about this very common secret public benifits mater?
Can a large country adopt learn from and follow the Singapore way and be just as successful? Ask China. Deng Xiaoping said that China could learn from Singapore and be bigger and do better. They have. They now have stable, competent, meritocratic governance coupled with a socialist economy that lies somewhere in between the extreme vulgarities of totalitarian Communism and laissez faire Capitalism. In many areas of governance, from housing policies to public transportation, industrial development, environment renewal & protection, and the like, Singapore has shown what is possible with honest, diligent, responsible and imaginative efforts from both its government and its people. Other countries, both big and small, can certainly improve their lot in the same way..
🌈 I’m a Singaporean. Hope you now understand our Struggle, the Discipline, the Attributes, Intellect, and the Secret of our Success! We don’t have problem with Money nowadays… and we deposit our money (GDP) in HELPING THE POOR AND DEVELOPING COUNTRIES! Most people are here nowadays going “VEGAN”… and (you knew that) such COMMITMENT being made by “SINGAPOREANS” cannot be very wrong!
I completely agree that it’s not safety first and not a priority. Safety has to be embraced as a value. Only when it’s a shared value can organizations have a safety culture. My number one goal is to make money and earn a paycheck, even as a safety professional. I love that you said that. Great article. Personal responsibility, brilliant, needs to be pushed more. Cheers, Todd
After perusal the article, I can agree, but I think that even when employees take an active role in ensuring their own safety on the worksite, it is still crucial for employers to take the lead in implementing strong safety measures, providing comprehensive training, and actively eliminating hazards. No matter how cautious workers are, they cannot compensate for a lack of proper safety systems or an unsafe work environment.
Corporate must give top priority to their workers safety. This is one of the concerns of unwanted accidents because some companies do not take action with this issues. But of course, it should be also the responsibility of the person, he should take control and know how to avoid this accidents! That is why we should always use our safety gear, mine is Softgle Comfort. Best in keeping you safe and comofrtable!
i need your help! i am a student trying to make a company training article using Adobe Flash for my final project. my theme is workplace safety. i have to add a article clip inside my movie and this article is perfect! if i could get your permission to use it and a copy of it somehow that would be awesome! i of course waited last minute to ask 🙁 i need it by Tuesday. i would really appreciate your help, thank you so much in advance! 🙂