The Members of Parliament and the Government is concerned about rising business costs. http://www.todayonline.com/Singapore/EDC120303-0000046/Rising-business-costs--MPs-ask-if-Govt-can-do-more
But they are still blind to the causes of the high cost which can be attributed to:
But they are still blind to the causes of the high cost which can be attributed to:
- Unnecessary and time wasting regulations
- Inefficient payment system
- GST administration, adding cost and creating offsets
- Poor leadership in addressing the issues, i.e. avoiding responsibility
- Rising rentals - due to privatisation of industrial and commercial cost
- Higher cost of living, which results in the need to increase wages
The situation has grown progressively worse over the past decade. No one wants to look into the real causes of the situation. Things will continue to get worse, unless the real causes are tacked. I have mentioned many of these causes in my blog.
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