Economic Strategy Committee report

Overall the report highlights did point out the path the country needs to take in order to survive in the compeititve world in the next 5 - 15 years.

But I hope it would really materialise simply because organisations might be turned off into invest to improve productivity in the name of profits. One example I could think of is the inefficient single trip MRT ticket system. I'm told by LTA that it's not possible to upgrade to using the efficient RFID chip as like in Taipei, ROC because of 'cost'.

I think we should start to rethink should we continue on building MRT since it cost billions and yet upgrading of current systems of solving our current problem and basics is not a priority citing 'cost'. Seems we've forgotten how we came from - of getting the basics settled before moving on further.

At the same time land usage has to be prudent. I hope no more of the flop of having 2 Boon Lay Bus Int to occur again elsewhere. It ends up counterproductive.