PMET job displacement
The Government is going to make it more costly to hire Employment Pass holders. This is a step in the right direction but is this the cure to our PMET job displacement woes? First and foremost for perspective let’s be clear that this measure is targetted at the chronic resentment against foreigners from that segment of foreigners...
Indonesia has more democracy than Singapore
Indonesia may not be as rich as Singapore, but it has more democracy. Unlike workers in Singapore, those in Indonesia have their voices heard. With businesses ravaged and unemployment skyrocketing due to Covid-19, the Indonesian government is going all out to encourage investments and create jobs. But part of the reason investors...
Sombre update of our country’s fiscal position by DPM Heng
Finance Minister Heng Swee Keat gave a sombre update of our country's fiscal position in Parliament this afternoon. "Revenue collection are expected to fall across all categories of revenue"- Heng Swee Keat. "We expect our revenue position to be weak for a number of years"- Heng Swee Keat. Of course this is not the end of the...
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