Prof Lim, an eminent economist who was conferred the Distinguished Service Order in 2000, died on Saturday, aged 91. Read more at straitstimes.com.
SINGAPORE – As founding chairman of the National Wages Council , the late Professor Lim Chong Yah made a major contribution to Singapore’s economic take-off, and established principles that continue to benefit the country to this day, said Prime Minister Lee Hsien Loong on Sunday.
As a teacher, Prof Lim was “patient and caring”, an attribute he said many generations of students could attest to, PM Lee said. “The NWC’s annual negotiations and recommendations paved the way for smooth industrial relations and progressive wage adjustments. The Economic Committee which he chaired recommended cutting the CPF contribution rate from 50 per cent to 35 per cent. It also suggested restraining wage costs to maintain Singapore’s competitiveness with other newly industrialising economies such as South Korea, Taiwan and Hong Kong.
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Prominent economist Lim Chong Yah dies, aged 91SINGAPORE - Professor Lim Chong Yah, an eminent economist who led a body forging wage consensus for Singaporean workers for nearly three decades – died on Saturday morning. Read more at straitstimes.com.
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Prominent economist Lim Chong Yah dies, aged 91He served as chairman of the National Wages Council for 29 years and held the title of Emeritus Professor at both NUS and NTU. Read more at straitstimes.com.
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Prominent economist Lim Chong Yah dies, aged 91Professor Lim Chong Yah, an eminent economist who led a body forging wage consensus for Singaporean workers for nearly three decades – died on Saturday morning. He was 91. The son of a shopkeeper, Prof Lim was born in Malacca. His mother died when he was...
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