10. Report of the Committee on the Future Economy (CFE) – Resolving Issues On The Ground

February 15, 2017

1. To be competitive, we need to tackle rising costs, including business costs and costs of living. If we want to attract foreign direct investments, it does not bode well to be rated as the most expensive city for expatriates and business travelers by the Economist Intelligence Unit. 2. As many of our mainstream and […]

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9. Report of the Committee on the Future Economy – Improving Total Fertility Rate

February 15, 2017

The challenges of decreasing total fertility rate (TFR) and aging population have a major impact on the strength and growth of our economy, security level, and society on a long term basis. These challenges continue to loom just across our horizon and the potential threats are getting closer to our view. We need to take […]

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8. Report of the Committee on the Future Economy – Grooming Talents

February 15, 2017

To take ourselves to the next level of growth, we have to focus on developing local enterprises and talents while at the same time, attract the best of economic resources to our shores. We need to continue to attract high value-added and high-tech firms to invest in our economy, especially if they are well-positioned in […]

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7. Report of the Committee on the Future Economy (CFE) – Establishing Corporate University

February 15, 2017

As part of the thrust for skills acquisition and utilization of skills, the authorities should also provide incentives for enterprises to set up a corporate university as part of their operations. Development of a corporate university is widely leveraged upon by many prominent companies to grow their businesses and it’s an important part of many […]

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6. Report of the Committee on the Future Economy (CFE) – Developing Deep Skills

February 15, 2017

To help workers stay relevant and effective in the new economy, we need to better define the meaning of deep skills and how workers can develop these skills on an ongoing basis. Acquisition and utilization of knowledge and expertise is predicated upon self-learning. Therefore, we should focus not only on what we can do for […]

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5. Report of the Committee on the Future Economy – Helping Vulnerable Workers

February 15, 2017

The government has done comparatively more for vulnerable workers than in many developed countries. However, this is an issue that requires not just the government but key stakeholders from the people, private and public sectors to collaborate and co-create solutions to tackle this issue. For example, many elderly workers, including PMETs with knowledge and skills […]

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4. Report of the Committee on the Future Economy – Helping Small and Medium Enterprises Raise Capital

February 15, 2017

Local enterprises are struggling through the double whammy of a slowing down of the economy and increasing business costs. They operate in a tight labour market and face headwinds competing with online businesses and other direct and indirect players in an open and global environment. One of small businesses’ biggest challenges is availability, affordability and […]

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3. Report of the Committee on the Future Economy – Analysing Big Data

February 15, 2017

To implement the recommendations proposed by the Committee on the Future Economy, we need to strengthen our repository of information and big data analytical resources. This is to ensure that our policy-development and decision-making processes are underpinned by relevant, accurate and up-to-date information. In a fast-changing world, there is a need to set up environmental […]

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2. Report of the Committee on the Future Economy (CFE) – Measuring Results

February 15, 2017

To ensure that recommendations proposed by the CFE achieve desired results, we need to continue to measure the outputs, outcomes, and impacts of these recommendations. http://patrickliew.net/recommendations-by-the-committee-on-the-future-economy-cfe-measuring-results/ Appropriate committees should be appointed to evaluate the results to improve on the recommendations and ensure that limited resources are deployed to achieve prioritized and discreet goals. Policy makers […]

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1. Report of the Committee on the Future Economy – Casting An Inspirational Vision

February 15, 2017

While the CFE has put together a commendable report, what seems to be lacking is a bold and inspiring vision. The report is also long on strategies but short on detailed action plans. Although we cannot predict the winners and losers in the future but still, that does not mean that we cannot create our […]

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