Low Yen Ling on National Productivity Fund
Over the past five years, the National Productivity Fund (NPF) has disbursed more than S$1 billion for 47 projects relating to productivity improvements and continuing education and training (CET). About half was spent on productivity improvement projects and the other half was spent on CET programmes. Larger projects funded by the NPF include sector-specific schemes like the Construction Productivity and Capability Fund, as well as schemes to support enterprise and workforce transformation. Minister of State for Trade and Industry Low Yen Ling gave this update in reply to an MP’s questions in Parliament on Thursday (Mar 2). She said projects supported by NPF complement the wider range of schemes and projects in driving productivity improvements. In identifying the areas for productivity improvement, the sector agencies take into account feedback from industry, best practices in Singapore and globally, as well as relevant benchmarking studies, she added.
Over the past five years, the National Productivity Fund (NPF) has disbursed more than S$1 billion for 47 projects relating to productivity improvements and continuing education and training (CET). About half was spent on productivity improvement projects and the other half was spent on CET programmes. Larger projects funded by the NPF include sector-specific schemes like the Construction Productivity and Capability Fund, as well as schemes to support enterprise and workforce transformation. Minister of State for Trade and Industry Low Yen Ling gave this update in reply to an MP’s questions in Parliament on Thursday (Mar 2). She said projects supported by NPF complement the wider range of schemes and projects in driving productivity improvements. In identifying the areas for productivity improvement, the sector agencies take into account feedback from industry, best practices in Singapore and globally, as well as relevant benchmarking studies, she added.
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