Our universities claim to be Top 10, but cannot even produce bankers?
MAS chief Ravi Menon MAS chief Ravi Menon more or less confirmed that 57% of senior management from the banking sector are foreign employees. That’s almost 61%, of the popular vote share PAP got in the recent GE. If that is a clear mandate for the PAP, then 57% is no less clear that the banking industry clearly regards foreign...
Raising the qualifying salaries of foreign employees will lead to a Singaporean core?
Does Jo Teo really think raising the qualifying salaries of foreign employees will lead to a Singaporean core? Just a few weeks ago, an employer was caught paying his employees Employment Pass and S-Pass qualifying salaries, only to collect a substantial portion of the salaries back in cash. He banked in their salaries, made...
Political succession issues in Singapore
Shinzo Abe The sudden resignation of the Japanese Prime Minister, Shinzo Abe, has set me thinking again about political succession issues back home. Mr Shinzo Abe announced today that he has resigned due to a deteriorating medical condition. That must have been a very difficult but a very brave and responsible decision that...
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