Population woes
-
limlim:
Just saying.. I mentioned before, most pple like me are only exposed to 1 side of the story most of the time.. you cannot expect any layman to be economic or biz experts.
But you keep repeating over and over and over, \"if all those companies are so profitable, why don't they pay more.\"3Boys:
[quote=\"limlim\"]3Boy, I do not discount what you wrote about biz operations.
I just want to clarify why my views towards importing foreign labor with regards to FW & FT is different.
You say \"Landlords should bite the bullet\".
I mean, do you even know what you are asking for?
Does it mean layman cannot comment? cannot post in forums? No right?.......
It also created opportunity for you to share the \"other\" side of the story for readers who may never post. Isn't it?
You mentioned \"vacuum of understanding of how business\" work.. ok lor.. I'm not a businessman so not going to dispute that.
no need get so worked up mah..
Anyway, I guess the govt knows best how to deal with it.. I don't want to debate further as I have nothing constructive to add at the moment. Also not free to dig deeper.. I'll trust them in their judgement for now.[/quote]
:xedfingers: 3boys, I think what our dear limlim is saying is Peace!!
I also love this thread as it gave everyone a medium to \"think\" out loud and gave us a platform to safely share our thoughts.
-
the recent changes in labour policy has resulted in a cancellation of an investment into singapore that could have created 200 jobs in the S’pore company (perhaps 80 locals / 120 foreign workers)
with it, the banks like UOB and DBS are losing out in servicing the business with a targeted turnover of US$200m in the first year, rising to US$500m in the third year; the lawyers and auditors lose a client that could have given more jobs and fees…their planned IPO in Singapore will be shifted to elsewhere that welcome them
the shipping business lose out as S’pore will not be the manufacturing base any more
the R&D sector also lose out as there is no point transferring the R&D into Singapore as manufacturing will not be in S’pore any more
net result : singaporeans lose out because we don’t welcome foreigners
Singapore is getting nationalistic and xenophobic -
Hmmm… a proposed investment with a local employment target of only 40%. But I think it is fair for any proposed host country to seriously consider whether this is necessarily of net benefit to the host country. Even before the tightening, unless they have some stupendous technology or knowhow that can be transferred to our workers or propose to build some highly sophisticated infrastructure that cannot be removed, I doubt that they would have been given permission to have a 60% foreign workforce .
As for the planned IPO, I am not impressed. What? They want to tap Singaporean capital on top of bringing in a 60% foreign workforce? Seriously?
I think they should look for a host country that is a better fit for their investment. Perhaps somewhere they can operate with a 60-70% local workforce instead of 40%. Like maybe across the causeway… -
bupashu:
So which country has this company chosen to be listed? Hong Kong? Kuala Lumpur? Taiwan? Which of these allow them to bring in 60% foreign workforce? or can single handedly provide all the expertise required?the recent changes in labour policy has resulted in a cancellation of an investment into singapore that could have created 200 jobs in the S'pore company (perhaps 80 locals / 120 foreign workers)
with it, the banks like UOB and DBS are losing out in servicing the business with a targeted turnover of US$200m in the first year, rising to US$500m in the third year; the lawyers and auditors lose a client that could have given more jobs and fees....their planned IPO in Singapore will be shifted to elsewhere that welcome them
the shipping business lose out as S'pore will not be the manufacturing base any more
the R&D sector also lose out as there is no point transferring the R&D into Singapore as manufacturing will not be in S'pore any more
net result : singaporeans lose out because we don't welcome foreigners
Singapore is getting nationalistic and xenophobic -
the relevant departments have agreed to be flexible in view of the technology transfer and the spin offs, but the owner is thinking thrice due to the uncertainty of govt policies
-
pirate:
Totally agree. This type of low value investment better off in jaybee and batam. They can access large number of cheap workers. Banking, auditing and legal fee there are also cheaper.Hmmm... a proposed investment with a local employment target of only 40%. But I think it is fair for any proposed host country to seriously consider whether this is necessarily of net benefit to the host country. Even before the tightening, unless they have some stupendous technology or knowhow that can be transferred to our workers or propose to build some highly sophisticated infrastructure that cannot be removed, I doubt that they would have been given permission to have a 60% foreign workforce .
As for the planned IPO, I am not impressed. What? They want to tap Singaporean capital on top of bringing in a 60% foreign workforce? Seriously?
I think they should look for a host country that is a better fit for their investment. Perhaps somewhere they can operate with a 60-70% local workforce instead of 40%. Like maybe across the causeway...
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Register Login