Thursday, March 1, 2018

Overruling objections, Trump announces steep aluminum, steel 'tariffs'
Read more at https://www.channelnewsasia.com/news/world/overruling-objections--trump-announces-steep-aluminum--steel--tariffs--10004910
02 Mar 2018 11:05AM
Ricky Lim · 
Singapore
Trump is starting and will trigger a Global Trade War by levying tariff.
(1) US importing Countries will retaliate by reciprocal tariff on US goods - and US importers suffer as it will have to pay higher prices.
(2) US producers such as shipbuilders, plane builders, fridge builders, bridge builders, housebuilders, car builders etc that require alumininum or steel will have to buy them at higher cost from domestic or overseas market.
(3) US consumers and taxpayers will suffer as they have to buy goods at much higher prices.
(4) Overseas consumers will no longer buy US goods because it will be price much higher due to the higher alumininum and steel cost. Overall it will has an impact on US economy - as domestic and overseas demand for US goods fall.
(5) In 1930s Deep Depression - it is trigger by US starting a trade war by introducing tariff on imports and subsequently lead to World War 2.

Trump is not learning from all the past lessons.
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Trump says 'trade wars are good and easy to win'

image: data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==
Trump holds a meeting on steel and aluminum tariffs at the White House in Washington
U.S. President Donald Trump announces that the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum during a meeting at the White House in Washington, U.S., March 1, 2018. REUTERS/Kevin Lamarque
 (Updated: )

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WASHINGTON: President Donald Trump spoke out defiantly on Friday (Mar 2) against global criticism of his plan to impose tariffs on steel and aluminum imports, seeming to welcome the idea of a trade war.
"When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win," Trump wrote in an early morning tweet.
"Example, when we are down $100 billion with a certain country and they get cute, don't trade anymore - we win big. It's easy!" the president wrote.
After weeks of rumors and counter-rumors about his administration's intentions, Trump on Thursday announced he would sign off on measures designed to protect US producers next week.
The tariffs - 25 per cent on steel and 10 per cent on aluminum - cover two materials that are the lifeblood of the construction and manufacturing sectors.
The announcement was greeted with fury within key US trading allies such as Canada, the EU, Australia and Mexico, as well as rival China.
It also caused jitters across global stock markets.
Traders, already on edge over worries about rising US interest rates, followed Wall Street sharply lower after the president imposed levies on the commodities in his "America First" policy.
"Donald Trump's sudden lurch toward greater trade protectionism has spooked markets," London Capital Group analyst Jasper Lawler told AFP.
"Any tit-for-tat response from other nations to the newly announced tariffs on steel and aluminium imports could spark a trade war."
GERMANY HARDEST HIT?
"While Donald Trump considers himself pro-business, the imposition of tariffs across the aluminium and steel sector has led to fears over a collapse in global trade," added IG analyst Joshua Mahony.
"The threat of a trade war was always likely to hit the export-driven German economy hardest."
Aluminium and steel firms, as well as companies that use the products - such as electronics and auto makers - all took a major hit.
The world's top steelmaker Arcelor Mittal slumped more than four perncent in Paris, while German peer ThyssenKrupp shed almost three perncent in Frankfurt.
German automaker Volkswagen and industrials giant Siemens each lost about three perncent.
ASIAN MARKETS DOWN
Asian equities also dived, with Tokyo tumbling 2.5 per cent after Bank of Japan boss Haruhiko Kuroda indicated the central bank could start looking to wind in crisis-era stimulus as early as next year.
"I think the selloff was a number of things - not just trade - but including Kuroda's comments on timelines for exit of stimulus," said William Hamlyn, investment analyst at Manulife Asset Management.
"Markets are trying to decide whether this (Trump's tariffs move) is just specific to steel or whether it's the first step in a broader anti trade agenda," he added.
The Trump news, which was even opposed by elements inside the White House, was met with anger from key allies including the EU and Canada. China has previously warned it would be forced to act should Trump push through such measures.
The tycoon had campaigned on a protectionist platform, saying the US was being taken advantage of by other countries, and promised to throw up barriers to protect jobs at home.
Markets have also been slammed this week after new Federal Reserve boss Jerome Powell fanned expectations of sharper-than-expected US interest rate increases, while investors remain anxious over Sunday's looming election in Italy.
However, Powell struck a softer tone on Thursday, stressing that future rate hikes would be gradual and allow the world's biggest economy to expand.
Source: AFP/gs
Read more at https://www.channelnewsasia.com/news/world/trump-says-trade-wars-are-good-and-easy-to-win-10008088

China says following US example will harm global trade


image: data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==
File photo of a worker walking past a pile of steel pipe products at the yard of Youfa steel pipe p
A worker walks past a pile of steel pipe products at the yard of Youfa steel pipe plant in Tangshan in China's Hebei Province November 3, 2015. REUTERS/Kim Kyung-Hoon/File Photo
 (Updated: )

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BEIJING: Global trade will be harmed if countries follow the example of the United States, China's foreign ministry said on Friday (Mar 2), after President Donald Trump said he would impose tariffs on imported steel and aluminum to protect US producers.
Chinese ministry spokeswoman Hua Chunying made the comment at a regular news briefing, adding that President Xi Jinping's top economic adviser Liu He had constructive exchanges on economic issues with US officials in Washington on Thursday. 
Source: Reuters/aa
Read more at https://www.channelnewsasia.com/news/asiapacific/china-says-following-us-example-will-harm-global-trade-10006872
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Ong Ye Kung to Louis Ng: Generalisations tar public service 'with same brush’

Mr Ong encouraged Mr Ng to be part of the change, saying he should "work with and encourage the public service as it strives to transform itself to build a better Singapore."
Read more at https://www.channelnewsasia.com/news/singapore/ong-ye-kung-to-louis-ng-generalisations-tar-public-service-with-10002926
By Justin Ong @JustinOngCNA
 (Updated: )

Ricky Lim · 
Singapore
"They fear that they will be labelled as troublemakers and that their bosses will get angry. They fear it will affect their appraisal and their promotion," Mr Ng had said. "We now need to make sure that they don't work in a system where they feel they need to be silent, where they feel they need to be 'Yes sir' men or women and where they feel that nothing will change even if they speak up."

"I've urged the service to be bold, to think big, start small, act fast," he stated. "This deep change cannot happen if the public service does not welcome ideas from its own officers.
---

Government will listen if the ideas, opinions, comments, postings, solutions to problems are insightful and can really solve real life problem.

It is a fact - whether it from anywhere - even from social media in this era of Big Data / Metadata.

Information, data, ideas, views, solutions, facts etc (in addition to money) - is King, is Supreme - if tap correctly and used correctly.
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Finance Minister Heng Swee Keat takes to task WP's stand on GST hike
Read more at https://www.channelnewsasia.com/news/singapore/finance-minister-heng-swee-keat-on-workers-party-gst-hike-budget-10002450
By Monica Kotwani @MKotwaniCNA
 (Updated: )

Ricky Lim · 
Singapore

“We deliberately introduced rules on land sales and the 50 per cent NIRC cap so that we do not succumb to the temptation to draw more from our reserves to fund current expenditure or eat into the principal sum,” he said.
--

50% of reserve income save and 50% of reserve income spend --- will be the best formula --- as it used half for current spending and plough back half to earn more income.

If this formula is tamper with - Singapore will be in for trouble.

For eg. now say use 60% for spending and save 40% - so less income will be generated as more will be spent.

Another few years down the road, someone will say, let us use more 70% for spending, and save 30%.

Then another few years down the road, someone say let use 90% and save 10%.

And finally one day, someone say, let use all 100% for spending and save 0%.

This is moving away from Middle Path - and will spell trouble for Singapore.

So keep this 50-50 formula is the best formula - as it induced prudent spending of 50% and prudent saving of 50%.
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Ricky Lim · 
Singapore
So when income from reserve is used up now, and the principal does not grow ---- in future when more spendings is required, how to tap the principal reserve income when its income cannot grow ---- then got to tax the taxpayers more ----- and it come back to the square one.

And worst still, Singapore will have no more buffer to cushion the Economy and the people - when our reserves did not grow to earn more income - when we used up all our buffers --- and Singapore is sure to get into big trouble.

Thus keeping the formula 50-50 - save half, spend half - 中道 Middle Path is the sacred, divine formula - and must not be tamper with.
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Astronomers detect signal of Universe's first stars
Read more at https://www.channelnewsasia.com/news/world/astronomers-detect-signal-of-universe-s-first-stars-10001086
01 Mar 2018 02:42AM
Ricky Lim · 
Singapore
Posted on :- 8 Jan 2013

Origin of Universe
So why do I say “Origin of Universe” are like circle.

It means there is No Beginning, there is No End.

Why? Everything have a beginning and have an end what? Oh only if this is a linear world. Yes, there will be a beginning and there is an end – even if it is Infinity.

But everything is circle in Universe – all celestial bodies are circle.

Let us use the basic mathematics numeric system to explain the beginningless and endless --- or more appropriate English term – “There is No Beginning, There is No End” – to describe the “Origin of Universe”.

I recall many months back – Scientists, Mathematicians to focus on 0,1,Infinity and the Big Infinity and the Small Infinity and finally back.

Eg. 0,1,2,3 ………………. 99999999999999999999999 …. (Big Infinity) back to 0 (into endless loop) – many formation of Universe have evolved and die, and ready to evolve into another Universe endlessly)

0, 0.1……………………..0.999999999999999999 …. (Small Infinity) to 1. (one universe has evolved and die. Waiting for the next Universe to evolve).

This is the greatest hint I drop – hopefully to get a response from physicists, astronomers, mathematicians, geologists, psychiatrists, psychologists etc --- -to prove the above hypothesis or consciousness experiences.

Many months have passed until Sinbad hit.

So any Enlightened experts to prove the above hypotheis or consciousness experiences?

Once experts have proven the above hypothesis – then we will talk about the Supramundane Eternality of another type – which is very profound, very subtle – which may not be able to be proven by empirical science.

The purpose of the information (not preaching) - is to unravel the mystery of the Origin of the Universe for the benefit of mankind.

As well as to help scientists, astronomers, physicsists, psychologists, neuroscientists, geoglogists, nuclear scientists etc to find, test, trial empirical evidence to unravel the mystery, the secret of the Origin of Universe.

Note:- They are not preaching.

They are true nature :-

True nature of Universe phenomenon.
True nature of Mathematics.
True nature of consciousness - mundane consciousness and supramundane consciousness.
True nature of the Universal Law - explain in layman term.

So when Sakyamuni Buddha was asked point blank by a challenger - what is the Origin of Universe, why Sakyamuni Buddha kept quiet?

Because through His powerful projection of Jhana power - He see "endless loop" of "No Beginning, No End". He thus told the challenger to focus on meditation to look at his inner self rather than looking at exterior - the Origin of Universe.

If the challenger is told of the answer that Origin of Universe is an "endless loop" of "No Beginning, No End" - he may go insane through his drilling into the state of endless loop because of his practise - dwelling in external vastness of space...
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Ricky Lim · 
Singapore
Posted in :-
MONDAY, JULY 23, 2012

Origin of Universe, 1st Life & the Complex World
Origin Of Universe
Higg & all the Big Bang scientists have simulated and created the Origin of Universe in a laboratory. The experiment is in line with Buddha and His disciples experience that practice Anapansati meditation & Vipassana meditation and have entered into Rupa Jhana, Arupa Jhana & Fruitions.

1st Life in the Universe

The first life, a living thing can be created from “Nothing” as well in a laboratory.
Eg. Use a glass container, suck all oxygen & all gas out until it becomes a vacuum & seal it with air tight lid. Use microsope to check whether any micro-organism grow in the container or not.

If negative, it means without the presence of 4 Great Elements :-

Without water & air but with only the right room temperature & matter (glass), no living organism can be “created” or born.

Now introduced air (with oxygen) & put some water into the container & seal it with air tight lid. Leave it untouch for a few weeks. Then use a microscope to check whether is there any micro-organism “created” or born.

If yes, it has been proven that it is possible to create “Something” from “Nothing”.

This must be how the first life or living thing in the whole Universe appear, created and grow on Earth when the 4 Great Elements attain equilibrium to support life.

When the 4 Great Elements are ready to support life, 5 mental aggregates of life in its rudimentary primitive form find it suitable to sustain its life then begin to grow in these 4 Great Elements on Earth.

When both 4 Great Elements & 5 mental aggregates of life develop into more complex & sophisticated mental & physical faculties, animal realm (dinosaur) evolve follow by human realm. The mental faculties that for both the animal & human realms develop in various degree of sophistication are mundane consciousness.

Human realm which are more developed in logical & analytical thinking have the mental faculties to develop supramundane consciousness & understand the whole Universal Truth.

Development of the 1st Life into a Complex World

So we have successfully “give birth” or “created” micro-organisms in the glass container in the lab – proving that equilibrium in 4 Great Elements will cause 5 mental aggregates (空) to be “born” or “created” in the lab.

But I think people will wonder how does animal and human evolve from micro-organisms.

Let us look at the behaviour of the most primitive, rudimentary form of a cell. Cell is capable of dividing and multiplying itself as the 4 Great Element environment make it conducive to survive and multiply due to the “desire” or “urge” to “give birth” in this sensual desire realm of Earth (form) – 色界。

This conform to the Law of 12 dependant origination of life十二因缘法。

So how cells can evolve into such a complex world – with so many species of plant, animal and human? It is explain below :-

So cell will behave in many manner:-

(1) Some cells after dividing will want to merge or “fuse together” – and create another variants or form (one is male cell with a bolt eg. Call “Alan”, another is a female cell with a nut eg. Call “Evelyn”). Eg. Flu virus fuse with other virus – to form another variant flu virus. Or a male dog mate with a female cat – become “puppy-meow, meow” species. Cockroach male mate with grasshopper female – become “praying mantis” ho ho ho? This is one way to breed more descendants.

(Some cells will want to merge with their own species while some will want to fuse with another species.)

(2) Other cells will like to split itself to multiply like paramecium, or tree when cut off its branches can be a shoot to grow into another tree. Some plants have flower and seeds to become another plant. Some animals like birds decide to “lay eggs”.

(3) Some cells will end up fusing with the environmental matters around them (such as soil, plants, seeds, trees etc) – to become another type of variant cells.

(4) Human who have developed into complex mental faculties want to try many style – eg. Clone human, clone sheep, clone cow. Or human used test-tube baby, use all sort of human “birthing” style – and come up with many pattern of plant species, animal species and human people – thus the World become so complex. One type of orchid fuse with another type orchid by human – become a 3rd type orchid. An Alsatian dog fuse with a bull dog by human – become Al-bull dog. This is the complication of (form) – 色界.

(5) On the contrary, human fail to develop their mental faculties – only concentrating on “intellectual development of intelligence” – to create more complex and complicated World - (form) – 色界 – the mundane world.

(6) Only a very rare few know that – “simplicity” is the understanding of the “Universal Truth”. Concentration & Insight – zen – 禪 & 定 - 色 & 空 – mundane & supramundane – Samatha & Vipassana, law of relativity, dualistc – is the key to understanding of Universal Truth.
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Ricky Lim · 
Singapore
(1) So Big Bang Theory explain (1) the Origin of Universe.

(II) The lab experiment explain (1) 5 mental aggregates growing in a Equilibrium 4 Great Elements – explain the “creation” or “give birth” of a primitive, rudimentary life form of a cell.

(III) The 12 dependant origination explain the evolution of a primitive, rudimentary life form of a cell – into the complex world of plant species, animal species and the human species of (Adam & Eve ????) or Adam, Eve, Eve? – ha ha ha… ???

0, 0.00001, ... 1 represent 1st Universe.

1, 1.00001, ... 2 represent 2nd Universe.

99999 ... Back to 0 represent the final Universe.

The math tell us that in every Universe that look infinity is also finite. Eg. of finite is 0 to 1. Eg of infinity is 0.00001, ...0.999999

So in the 1st Universe that start with nothing, we can create something.

How to do it?

It start with 5 mental aggregates of Emptiness (五蕴皆空) (science call it the black hole). This is the Bliss of Rupa Jhana consciousness that all mental consciousness & mental aggregates are suppressed but not yet enter into fruitions.

When the suppression no longer can sustain, it expand in all 10 directions
(science call it the black hole explode into supernova when energy become too dense & powerful that cause the explosion and form the 1st Universe).

This is the Big Bang Theory that Higgs had proven in his lab with other scientists. The 5 mental aggregate emptiness (五蕴皆空) is confirm by Science of Big Bang Theory.

Then the infinity of 0.00001, ...0.999999 is how the various galaxies, solar systems, planets evolved. This is how cell organisms, dinosaurs, humans realms evolve & are still evolving.

From nothing (black hole), something is created (cell micro organism).

From something (cell micro organism), too many things are created now (the complex world today of many human, animal & plant species).

However, as Universe is finite example from 0 to 1 in the 1st Universe even though it appear to be in infinity of 0.00001, ...0.999999 As all form – are subject to birth, living, decay & passing away. What matter or living things not subject to decay in the Law of Impermanency (无常) and the Law of Karma (因果) that keep mundane life going?

So one day our Universe will end one day before another Universe evolve in the same way.

So how to ensure Eternality in Life and transcend from mundane to supramundane beating the Law of Impermanency and the Law of Karma that keep life going to attain No birth, No death?

As mention, 5 mental aggregates of Emptiness (五蕴皆空). evolve into life (science call it the black hole), then how to re-enter into Emptiness from 0 back to 0? It is called 4 Great Element Emptiness. (Math unfortunately know only discrete value of 0, 1, 2 .... Including decimal values like 0.00001, ...0.999999 all the way to infinity. But do not know how to come back to 0.

So only supramundane fruition consciousness will feel this gap still unexplainable by math.

4 Great Element Emptiness (四大皆空) (Final Universe) is possible when one attain 5 mental aggregates of Emptiness (五蕴皆空). From the foundation of 5 mental aggregates of Emptiness (五蕴皆空) permeates uninhibited into the space of 10 directions enwrapping the whole of Universe.

When Universe expand, the 4 Great Element Emptiness (四大皆空) will expand with the Universe.

When Universe contract, the 4 Great Element Emptiness (四大皆空) will contract with the Universe.

At this state, Omnipresent, Omniscience is say to have attained as 4 Great Element Emptiness (四大皆空) enwrap the Universe with the foundation of 5 mental aggregates Emptiness (五蕴皆空).

Math can use this model to find the answer how 0 to infinity back to 0. If can find the answer using math, then the Final Nirvana is attained and Eternality of no birth, no death is attained.

Now for which math & science give us clarity in computation and help us to define and put in figures & experiment our mundane & supramundane consciousness in crystal clear hypothesis and scientific outcome.
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Astronomers detect signal of Universe's first stars

Crucially, it is hoped the discovery will shed light on dark matter - an invisible, mysterious substance thought to make up a large share of the Universe.

image: data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==
An artist's impression of how the first stars in the universe may have looked
A handout photo released by the journal Nature shows an artist's impression of how the first stars in the universe may have looked. (AFP/N.R. FULLER)
01 Mar 2018 02:42AM

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PARIS: A signal from the Universe's first stars, born a cosmic heartbeat after the Big Bang, has been detected for the first time, astronomers said Wednesday, setting the science world aflutter.
The observation came after a decade-long quest, years earlier than expected, and was described by one excited observer as the biggest astronomical breakthrough since the Nobel-capped detection of gravitational waves in 2015.
The findings have to be confirmed by other experiments.
Crucially, it is hoped the discovery will shed light on dark matter - an invisible, mysterious substance thought to make up a large share of the Universe.
"Finding this miniscule signal has opened a new window on the early Universe," said Arizona State University astronomer Judd Bowman, the project's lead investigator.
"Telescopes cannot see far enough to directly image such ancient stars, but we've seen when they turned on" - that is, sparked to life - "in radio waves arriving from space."
Fingerprints of the stars, already active 13.6 billion years ago - a mere 180 million years after the Big Bang gave rise to the Universe - were picked up by a dining table-sized radio spectrometer in the Australian desert.
Such evidence had been expected, but not for years to come.
To everyone's surprise, and delight, the signal contained something curious.
The early Universe, the data showed, appears to have been twice as cold as previously estimated, at minus 270 degrees Celsius (-454 degrees Fahrenheit), according to the study in Nature.
Some suggested a role for dark matter - the theme of an accompanying science paper published by the same journal.
'WOW!'
The author of that study, Rennan Barkana of Tel Aviv University, said the freeze might be explained by ordinary matter interacting with, and losing energy to, dark matter.
"If Barkana's idea is confirmed then we've learnt something new and fundamental about the mysterious dark matter that makes up 85 per cent of the matter in the Universe, providing the first glimpse of physics beyond the Standard Model," said Bowman.
Data from the Planck satellite showed in 2013 that ordinary matter - which makes up everything we can touch and see - comprises a mere 4.9 per cent of the Universe, and dark matter 26.8 per cent. The other 68.3 per cent is dark energy.
Invisible to telescopes, dark matter is perceived through its gravitational pull on other objects in the cosmos.
But its existence is not explained by the Standard Model of physics - the mainstream theory of the fundamental particles that make up matter and the forces that govern them.
Finding dark matter particles could require updating the Standard Model with futuristic theories such as "supersymmetry", which postulates the existence of a heavier sibling for every particle in the Universe, or extra dimensions.
Expert observers' reactions ranged from "a truly amazing result", and "wow!", to advising caution.
"The apparent detection of the signature of the first stars in the Universe will be a revolutionary discovery if it stands the tests of time," said Nobel Prize-awarded astrophysicist Brian Schmidt of The Australian National University.
WINDOW ON THE UNIVERSE
"Astronomers worldwide will be holding their breath until the result is confirmed by an independent experiment," added Karl Glazebrook of the Swinburne University of Technology in comments via the Science Media Centre in Australia.
If it is, it would open "a new window on the early Universe and potentially a new understanding of the nature of dark matter."
Described as technically robust by expert commentators, the findings must nevertheless be confirmed by independent experiments.
Scientists believe that for about 400,000 years after the Big Bang, the Universe was dark - filled primarily with hydrogen.
Gravity slowly pulled the densest regions of gas together to form stars, according to the Arizona State University's School of Earth and Space Exploration.
The signals detected in the study came from primordial hydrogen, at a time that light from the first stars made the gas detectible for the first time.
Our own Sun and Solar System was formed about nine billion years later.
The earliest stars were the source of all heavy elements in the Universe, including those necessary for life to exist.
Source: AFP/de
Read more at https://www.channelnewsasia.com/news/world/astronomers-detect-signal-of-universe-s-first-stars-10001086
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Economic transformation the 'most critical challenge' facing Singapore: Heng Swee Keat

Speaking in his round-up speech for the Budget debate in Parliament, Mr Heng stressed the importance of growing the Singapore economy as the best way to ensure strong and sustainable revenues and the "most important way" for people to realise their aspirations.
Read more at https://www.channelnewsasia.com/news/topics/budget2018/heng-swee-keat-budget-debate-economic-transformation-10003176
By Lianne Chia @LianneChiaCNA
 (Updated: )

Ricky Lim · 
Singapore

He stressed that Singapore urgently needs to press on with the implementation of its Industry Transformation Maps (ITMs) to achieve economic transformation.
Highlighting examples of Singapore companies that are “developing know-how” to move into higher-value markets, Mr Heng urged all stakeholders – like businesses, trade associations and chambers, the labour movement and Government agencies – to double down on transformation efforts and communicate the importance and urgency of transformation to their members. Companies in traditional industries, he pointed out, are also transforming their businesses through innovation.
He added that internationally, people are paying attention to the “increasingly vibrant innovation scene in Singapore”.
“This year, Singapore climbed three places in the Bloomberg Innovation Index, to become ranked as the third most innovative economy globally,” he said. “Google has substantial operations in Singapore, with more than 1,000 staff in functions such as engineering and R&D.”
“These are encouraging signs of progress. We must build on this momentum.”
--

Ha Ha - ITM (Industry Transformation Map) turn out to be champion - to transform Singapore businesses and tackle disruptive technologies !!!

 Yap social media can shape and influence National events as well as World events - as long as views, opinions, solutions are insightful !!!
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Ricky Lim · 
Singapore

Ricky Lim ·
Singapore
(1) Industry Transformation Map (ITM)
- Idea is posted in 2012 to tackle disruptive tech and is adopted by the Government feature in Budget 2016.
- Now this idea is used in 23 industries where 15 industries led by one Minister-of-State have undergone transformation and has start to reap positive outcome - as a good number of companies have start to reap growth and profit through the newly transformed business.
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Ricky Lim ·
Singapore
Source of Origin of ITM :-

Ricky Lim ·
Singapore
The following is posted on:-

Tuesday, 1 May, 2012 2:57 PM
Ricky Lim
REACH RWEB Submission feedback RWEB2012050100010 via the REACH website: To raise productivity,

To raise productivity, everyone has a part to play :-
1. Business invest in capital tools and send workers for training
2. Workers upgrade skills to operate capital tools
3. Govt provide grants, provide good education, married govt R&D bodies with business etc
4. Government work with various industry to devise objective and tangible KPI to allow business, workers, union, gov, schools etc to shoot for the KPI.
5. Govt, business, bright individuals should scout overseas countries and industries that have make their industries productive and bring it back to Singapore and transform our business to be more productive.
6. Union encourage, provide relevant course for workers to upgrade
7. School train students in right course, right skills and married industry with courses.
8. Home, family members, social bodies have to support working members to provide a conducive environment for working members to be productive.
9. Look at whatever else things that can make the nation productive, to be productive.
10. Peg the wage increase vis-à-vis our regions, our competitors, our international competition to ensure that our wage increase are competitive and will not drive away business – causing massive job losses.

Sent: Tuesday, 1 May, 2012 3:24 PM
To: reachadmin@reachadmin.com
Subject: REACH RWEB Submission: Govt agenices working with industries to devise prodictivity figures

To elaborate further :-
(1) Ministry of Comm and iDA – should work with IT industries, foreign IT MNCs, local IT vendors etc to devise objective, tangible KPI productive figures in each technology areas and skillsets vis-à-vis global competition and regional competition – so that IT business and IT workers can target to meet the KPI productivity figures – and peg wage growth in % term and/or absolute term to the productivity figures and business profitability. Communicate this to the IT industries, business, IT workers, Union and schools. Make sure we are competitive with our global competitors and regional competitors.
(2) SLA should do the same with construction sector.
(3) Ministry of Finanace and MAS should work with the banking and financial sector. etc

ricky l
0Thumbs UpThumbs Down0Ricky L • a second agoRemove
That is, the concept above is how to transform Singapore Economy in 2016 - sector-by-sector (conceptualising the KPI for each sector) ---- and using targeted approach to transform each sector, each industry one by one.

Only then productivity in each sector, in each industry can be successfully transformed - supported by empirical, scientific measures.

Good that after 4 years --- the idea is taken up.
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Ricky Lim ·
Singapore
The origin of Industry Transformation Map (ITM).......................
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