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Singapore: Competence 'not enough'
AuthorLeow Si …    文章CopyFromST|http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_596272.html    Hits991    UpdateTime2010-10-28    

 

Singaporeans should strive for excellence or they risk losing out to other countries

Dr Hon Chiew Weng, principal of Hwa Chong Institution, Finance Minister Tharman Shanmugaratnam and student Alexander Lim at the breakfast. -- ST PHOTO: LENNE CHAI

MOST Singaporeans are satisfied with being competent at what they do, with few actually striving to be exceptional. This, said Finance Minister Tharman Shanmugaratnam, is a challenge the country will need to overcome.

He was speaking to student leaders from Hwa Chong Institution (HCI) at a breakfast meeting where they had a chance to talk to 10 chief executive officers of companies here. The CEOs included Far East Organization's Philip Ng, StarHub's Tan Tong Hai and UPP Holdings' Koh Kim Huat.

Addressing an audience including entrepreneurs, 80 students and staff at the Orchard Hotel, the minister said: 'We are always in danger in Singapore of mistaking excellence for competence.

'Most people in Singapore are happy to be competent, above average rather than exceptional.'

He said there are 'not that many people in Singapore who really want to be extremely good at what they are doing', and added that this sort of attitude may result in Singaporeans losing out to those who survive in countries plagued by problems such as poverty and corruption.

The minister called on his audience to push for excellence in their chosen area and said: 'We shouldn't be afraid of being different and wanting to make a difference.'

Read the full story in Thursday's edition of The Straits Times.

siwan@sph.com.sg

 

New look for Capitol area 6:00 AM

AN ICONIC stretch of colonial buildings on Stamford Road will be transformed into a vibrant retail, hotel, residential and arts precinct after the plum site was sold for $250 million yesterday.

A new 15-storey building with shops, eateries and apartments will rise above the conserved heritage buildings Stamford House, Capitol Building, Capitol Theatre and Capitol Centre as part of the $700 million redevelopment, which inludes the land cost.

Group wins City Hall site 6:00 AM

AN ICONIC stretch of colonial buildings on Stamford Road will be transformed into a vibrant retail, hotel, residential and arts precinct after the plum site was sold for $250 million on Wednesday.

A new 15-storey building with shops, eateries and apartments, will rise above the conserved heritage buildings Stamford House, Capitol Building, Capitol Theatre and Capitol Centre as part of the $700 million redevelopment. The winner of a closely-watched tender for the 1.43 ha 99-year leasehold site was announced on Wednesday by the Urban Redevelopment Authority (URA). It is a consortium formed by Mr Pua Seck Guan, the founder of Perennial Real Estate Group, Pontiac Land's Mr Kwee Liong Seen and Top Global.

Long road to merger 6:00 AM

SINGAPORE Exchange (SGX) chief executive Magnus Bocker returned to the local bourse on Wednesday and started what is likely to have been a whirlwind of meetings with members of his key management team and shareholders.

On the top of his to-do list: Get them to fully back Monday's proposed A$8.4 billion (S$10.6 billion) merger of SGX and its Australian counterpart ASX.

 

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