Tag Archives: economy

SINGAPORE’S ECONOMIC MODEL HAS FAILED!

Foreign talent, 6.9 million population, immigrants to make up work force and tax payer base. Foreigners to create jobs for Singaporeans. Foreigners can help Singaporeans. Does all these sound familiar? It makes one wonder why the PAP keeps on managing Singaporeans like economic digits. Well, it's the model that the PAP government has adopted to keep SG growing, which is now at the expense of Singaporean due to foreigners.

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LIM SWEE SAY: ONE WRONG STEP & S’PORE ECONOMY MAY FACE PROBLEMS OF OTHER DEVELOPED ECONOMIES

According to Minister for Manpower Lim Swee Say, although the issue of foreign labor is a hot topic these days, the more critical issue is about the remodeling of the Singapore economy. As growth moderates, Mr Lim says Singapore's economy has to restructure into one that is less reliant on manpower, creates better jobs and ensures a healthy delivery of Singaporean workers, who ideally form the core (at least two-thirds) in all the major sectors.

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1980 TO 2015: S’POREAN LIVELIHOODS HAVE TURNED FROM BAD TO WORSE

I am born in Singapore just before 1980s. The economy is doing well and jobs are stable. There is hardly anything called retrenchment, reorganisation or cost-cutting. Now in 2010s, with the current job market, Singaporeans start to experience retrenchment as early as late 30s to 40s. Finding another job gets less easy and they have to accept much less attractive remuneration. I am just disheartened that the livelihood of Singaporeans have not gotten better over the years.

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JOBS BANK: 82 APPLICATIONS, 1 INTERVIEW

What is the breakdown of the total number of jobs in the Information and Communications category and IT jobs, into Singaporeans, PRs, employment pass, S-pass and work permits?" What’s the point of having an Infocomm plan to promote learning or higher economic growth, when we allow foreigners from all over the world to flock to Singapore to compete unfairly and take away jobs from Singaporeans?

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SINGAPORE RANKED 4TH GLOBALLY FOR NUMBER OF MILLIONAIRES PER POPULATION

The Global Wealth report from Boston Consulting Group (BCG) said the number of millionaires in the world grew to 17 million in 2014, up from 15 million in 2013. The world's millionaires now control 41 percent of the $164 trillion in global private wealth, up from 40 percent in 2013. The report said millionaires are expected to control 46 percent of the world's wealth in 2019. "The wealthier are getting more and more wealthy," said Anna Zakrzewski, a BCG partner and managing director. "They have a much larger share of their wealth invested in equity markets and last year was a good year for market performance."

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ECONOMISTS WARN OF RECESSION AS TOTAL EMPLOYMENT IN SG FALLS

Total employment in Singapore fell for the first time in 5 years. 6,100 lesser people were employed this quarter, as compared to the first quarter of this year. The sectors that had reduced employment are manufacturing, construction and parts of the services industry. Services has been the main propeller of growth for the past few years, but slowed down dramatically. Figures in March 2015 show that total employment stands at 3,617,800, which is 2.7% more than last year's figures.

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MYANMAR FOOTBALL FAN THREATENS TO TAKEOVER S’PORE & MAKE S’POREANS JOBLESS

A reader contributed this disturbing screenshot to All Singapore Stuff. In it, it showed a Myanmar football fan making incendiary comments against Singapore. This was after Myanmer defeated Singapore 2 - 1 in last night's SEA Games qualifying match at the Jalan Besar Stadium. The Myanmar netizen with the online moniker Guidingstar Mmu threatened to takeover Singapore and make Singaporeans jobless.

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SINGAPORE’S S$421 BILLION NATIONAL DEBT INCREASING TAX BURDEN ON CITIZENS

Our National debt is rising over to S421,000,000,000.00 (421 Billions), we need our government attention how not to burden increase on citizens pocket expenses. The last ten years our cost of living, housing, property, consumer, utilities, public transportation, rents, goods continued to rise, such as government debt increases and cuts in state government and may fall into crisis, the government must understand and self-review where that the problem appears?

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