Some progress in Singapore's productivity efforts: DPM Tharman
Singapore has started to see some progress in its efforts to raise productivity, but the country is still in the early to middle stages of its economic restructuring and so it has to press on with its efforts, Deputy Prime Minister Tharman Shanmugaratnam has said.
The upcoming Budget, which he will unveil on Feb 21, will therefore include more measures to help companies, especially support small and medium-sized enterprises (SMEs), to stay the course, he added.
Mr Tharman was speaking to the media on the sidelines of a family carnival in his Jurong constituency on Sunday.
He said Singapore has to press ahead with the restructuring of the economy and the upgrading of its SMEs especially, so that the country can create better jobs and wages of average and lower-income workers can rise over time.