Archive for the ‘Economy’ Category
Two different perspectives to raise pay
Reasons to justify pay hike for workers Increase in productivity If recommended by the NWC Better employee performance Increase in company profit Cost of living adjustment Difficulties in recruitment Need to pay for talent Reasons to justify pay hike for ministers Difficulties in recruitment To prevent corruption To pay for...
Prof Lim clears up 2 misconceptions of earlier Economic Restructuring
Prof Lim Chong Yah Two misconceptions of ER I Permit me to clear up two fallacies on Economic Restructuring I (ER I), now euphemistically termed Shock Therapy I (1979-81). One is that some learned and responsible opinion claimed that ER I was not successful. Official statistics show that Singapore had an average of 6.4-per-cent...
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