EXECUTIVE SUMMARY
“Meeting the quality and quantity
demands of high knowledge, high
income services sector economy”
Raising the bar for productivity and
capability of the current workforce by:
• Encouraging SMEs to provide training for
their employees.
Addressing critical incentive gaps
especially with regard to human capital
• Providing co-funded scholarships to ensure
supply of top talents to local services
providers
• Research Incentive Scheme for Enterprises.
Enhancing
of current
workforce
Graduate
industry
readiness
Tapping into
alternative
talent pools
Dynamic manpower
planning system
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Quality of general education
system1
1 Addressed in the National Education Blueprint
Figure 4
Sectoral Governance Reform
“Ensuring the removal of structural barriers and outdated regulations in order
to create an efficient and flexible business environment for the private sector”
Reform existing
regulations
Establishing best practices
for future regulations
Accelerating sectoral
regulatory reforms
Expanding and
accelerating NPDIR rollout
Introducing regulations portal
Figure 5
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