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PM Lee was on the last day of his tour of Latin America, which started last weekend in Lima, Peru.
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'Because if you are not working, and if your company is not competitive, then there is no way you can come back up and stand on your feet again,' said PM Lee. -- ST PHOTO: DESMOND FOO
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PM Lee noted how Singaporeans had swallowed the medicine that was doled out in 1985. Among other things, they accepted a drastic 15 percentage point cut in the employers' share of CPF as a way for businesses to lower costs.
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