Prominent economist and father of Lee Suet Fern, Lim Chong Yah, dies aged 91
He was later awarded a scholarship to study economics at the University of Malaya, which was then located in Singapore, and later joined the Singapore administrative service.
He leaves behind two daughters and two sons. His eldest child is lawyer Lee Suet Fern, who is married to Mr Lee Hsien Yang – the younger son of first prime minister Lee Kuan Yew, and the brother of Prime Minister Lee Hsien Loong.As founding chairman of the National Wages Council – which issues guidelines on wage-related matters each year, based on tripartite consensus – from 1972 to 2001, Prof Lim contributed to the economic development of Singapore.
“At the time, I was already planning to return to Canada, but it was Prof Lim who encouraged me to come to Singapore instead. He mentored and advised me throughout my many years at NUS. Subsequently, it was Professor Lim again who encouraged me to take on a new role at NTU as head of Economics in the newly established School of Humanities and Social Sciences in 2005,” said Prof Quah.
Professor Lim Chong Yah signing books for guests at the launch of his book on the history of the National Wages Council in 2014. PHOTO: ST FILE “Prof Lim was a true Singapore son, and rightfully proud of his small part in the Singapore story. He still had a very sharp mind right to the end, and his powers of analysis were as solid as ever. I will miss those lunches very much.”
He had written a commentary in The Straits Times in defence of Prof Lim in 2012, after the latter proposed that the NWC call for a temporary moratorium on salaries of top executives earning more than $1 million a year.
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