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Singapore productivity is at 60 – 70%

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Singapore’s productivity level is 60—70% of what is possible according to Singapore Prime Minister Lee Hsien Loong.

Singapore’s productivity level is 60—70% of what is possible: PM Lee

SINGAPORE: Singapore’s Prime Minister Lee Hsien Loong said Sunday the country has a considerable way to go in its productivity drive, especially when compared with other countries which have achieved significant productivity growth.

He said Singapore’s productivity level is 60 to 70 per cent of what is possible.

Mr Lee’s remarks follow the release of the Economic Strategies Committee Report, which placed productivity as the key growth strategy for Singapore’s economy.

Well I think my productivity is 83% (my favorite random number). Now, is 60% to 70% just some arbitrary range or is it based on some metric?

Singapore politicians say the darnest things

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Enough of George Bush quotations, here is a list of quotations by local politicians. There may exist misquotations, after all the source is an email.

“Right now we have Low Thia Khiang, Chiam See Tong, Steve Chia. We can deal with them. Suppose you had 10, 15, 20 opposition members in Parliament. Instead of spending my time thinking what is the right policy for Singapore, I’m going to spend all my time thinking what’s the right way to fix them, to buy my supporters votes, how can I solve this week’s problem and forget about next year’s challenges?”
Lee Hsien Loong, 3 May 2006.

“…you have to pay the market rate or the man will up stakes and join Morgan Stanley, Lehman Brothers or Goldman Sachs and you would have an incompetent man and you would lose money by the billions!”
Lee Kuan Yew said on April 2007

“For a person who runs a million-dollar charitable organisation, $600,000 is peanuts as it has a few hundred millions in reserves.”
Mrs Goh Chok Tong

“If you don’t include your women graduates in your breeding pool and leave them on the shelf, you would end up a more stupid society… So what happens? There will be less bright people to support dumb people in the next generation. That’s a problem.”
Lee Kuan Yew in 1983

“Only 5% are unemployed. We still have 95% who are employed.”
Yeo Cheow Tong

“Retrenchment is good for Singapore. If there is no retrenchments, then I worry.”
Goh Chok Tong

“We must encourage those who earn less than $200 per month and cannot afford to nurture and educate many children never to have more than two… We will regret the time lost if we do not now take the first tentative steps towards correcting a trend which can leave our society with a large number of the physically, intellecually and culturally anaemic.”
Lee Kuan Yew in 1967

“Contrary to public perception, the White Horse classification is not to ensure that sons of influential men gets preferential treatment. Instead it is to ensure that they do not get preferential treatment.”
Cedric Foo

“No, it was not a U-turn, and neither was it a reversal of government policy. But you can call it a rethink.”
Yeo Cheow Tong

“I give you an example: you put out a fun podcast, you talk about”bak chor mee’; I will say “mee siam mai hum”, then we compete.”
Lee Hsien Loong

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