After 14 years, safe to say that the CEAC has failed Singapore

The Comprehensive Economic Co-operation Agreement (CECA) was signed in 2005 between India and Singapore. In a nutshell, our SWFs gained access to investment opportunities in India while their professionals were allowed liberal access into the Singapore job market.

After 14 years of its signing, what are we seeing?

Firstly, our SWFs and companies are making unimpressive returns from their Indian forays. For example, Singtel’s investment in Bharti Airtel has been a drag on its earnings while Bharti Airtel is now facing a massive US$13 billion in fines.

On the other hand, large numbers of Indian professionals and their families have flooded Singapore. This influx of Indian PMEs is quite contrary to what the PAP government had sold to Singaporeans – they didn’t just complement our workforce as many of them have since replaced our PMETs.

Often unseen, this has led to broken families, depressed local wages, reduced employment opportunities and underemployment for local PMETs.

Even former DPM Tharman Shanmugaratnam commented in 2017 that “it would be mindless to have an open border without any policy framework to govern and constrain the flow of people into your job market. It will not just be wrong politics but wrong economics.”

Indeed, many Singaporean graduates and PMETs are paying heavy prices for the incompetency and greed of their political leadership. If this continues, they need to understand that their future and their livelihood are at stake.

Very clearly, our book-smart PAP generals and scholars are no match at all for those street-smart Indian politicians. Lee Hsien Loong and his cabinet have been totally out-smarted, out-flanked and out-manouveured by the Indian government.

 

Simon Lim

 

 

 

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38 Responses to “After 14 years, safe to say that the CEAC has failed Singapore”

  • oxygen:

    CECA, ASSET ENHANCEMENT POLITICS and population recycling economics are MONUMENTAL FAILURES of PAPpypolitics/PAPpynomics.

    NO DOUBT ABOUT THESE.

    Tharman is right of his cautionary warning.

    CARRIED ON LIKE THIS, WE ARE HEADING FOR SUDDEN DEATH COLLAPSE.

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  • Tremendous:

    More complete to also mention that the Amaravati project is stalled and progress slowed to an insignificant level while our ministers slept well and continued to collect fat pay cheques. Meanwhile India has been playing with rockets and satellite to space while we are nowhere near them.

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  • White Uniform Syndrome:

    While pap and India’s PMEs are laughing all the way to the bank, our singaporean graduates are crying themselves to sleep every night.

    CECA has been signed 14 long years ago. There were GE2006, GE2011, GE2015 and GE2019, FOUR elections for singaporeans to change G, to get rid of the very G for betraying singaporeans, yet what we see was 70% voters still voting for the same old useless G that signed the agreement. How stupid can singaporeans be.

    Uniquely Singapore because of Uniquely Singaporeans?!

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  • @ Simon:

    Words of wisdom. CECA is not the problem; The 70% is.

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  • do it right this time:

    all the opposition parties need to write a script so shockingly truthful with all the bare facts, and use it in their campaigning speeches.
    scare the shit out of the 70% till at least half of them wake up n vote right!
    but first go around and identify who these 70% breed are made up of ..you need to speak their lingo..

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  • Tolon2:

    Look at mody………wear short pants will do………full suit can do what

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  • Man on the street:

    Who drafted the CECA Agreement without proper Policy Framework? Yea Heng Swee Kiat (next in line PM)! Did he really know what he was doing? 14 years of our Singaporeans working live lost, thanks to this “SMART” person.

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  • Lau Hoe Zhi x Huang Lian Por:

    But why wait until 14 years to realise this? Should smell a rat when they announce free flow of labour through FTAs.

    But gainfully employed Singaporeans will of course not bother.

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  • ang moh tua kee sgs daft:

    sgs are daft so says our revered LKY.
    OUR SCHOLAR-GAHMEN are oso singaporeans and they are daft.
    anything else?

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  • Homeless Cat:

    Failed? Failed?! It is a pact that screwed the country many times over. Enough! Time to dissolve the pact and fire the idiot who made it!

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  • No protection:

    If you compare the CeCa between Singapore and India to the ones involving India and other countries like Malaysia, you will find the former being very one sided.

    I’m not sure who vetted the agreement for us but they seem to favour India a lot more whereas the one involving Malaysia has protection for Malaysian citizens.

    CeCa must be reviewed by Oppo if they win.

    https://fta.miti.gov.my/miti-fta/resources/Malaysia-India/MICECA.pdf

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  • PAP Signed CECA:

    Tremendous:
    More complete to also mention that the Amaravati project is stalled and progress slowed to an insignificant level while our ministers slept well and continued to collect fat pay cheques. Meanwhile India has been playing with rockets and satellite to space while we are nowhere near them.

    Did SG’s TH and GLC seek compensation for any possible breach of agreement?

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  • The PAP Failed Badly:

    Look at how Heng handled the Schoolchildren death incident at the Sabah mountain. Now it is the CECA problems. Where is the brain ?

    The public voted for the PAP but Pinky and his clowns are trying their best to solve Other Countries Unemployment problems. There are now 300,000 Filipinos, 700,000 Indians, 500,000 Malaysian and about 1,000,000 Myanmarese, Banglas, Indonesians, Koreans and Chinese from China currently working in Singapore.

    You, your children and Grandchildren will sure end up becoming Grab drivers, Deliveroo Food delivery men, cleaners and security guards who will be insulted and bullied by these foreigners as in the Ramesh incident at the Riversuite Condo.

    To avoid these bad future, just vote the PAP out in the coming GE and the Oppo will take the necessary actions to make Singapore our country again.

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  • Ah bong:

    Ceca.in hokkien mean die kaki.(leg in malay.also mean partner.)”ce.”mean die.”ca.”mean leg.

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  • Spore ripe for ceca PM:

    pap unless it is dishonest or purely self serving must now finally realize Spore as it is cannot continue UNLESS the PM job is outsourced to ceca ah neh.

    look at local graduates from nus ntu smu. look objectively.

    compare them with ceca ah neh turned citizen with fake POSTgraduate diploma from ACL Computer School New Delhi.

    nus ntu smu local graduates jobless or driving Grab or just shaking at home.

    ceca ah neh without basic degree but fake POST graduate diploma from ACL Compueter School New Delhi S$66k pm + S$13k allowance. so much more talented even than lying lky son from cambridge.

    yah. just right. Spore is now ready for ceca ah neh as PM.

    continue just outsource PMET jobs to ceca ah neh. pap PM job, also pap minister jobs, all must be outsourced to ceca ah neh too. why restrict only to PMET jobs when current pap folks led by lky clown ain’t even performing?

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  • oxygen:

    PAPpypolitics ARE STUPID TO INFINITY – they entered the tiger cage of CECA after they GOT NICELY SCREWED in Suzhou Industrial Park fiasco.

    THEY GOT RAPED TWICE IN SUCCESSION BY DIFFERENT RAPISTS and each time the decision-makers were different – IT DEMONSTRATES ALL ROUND AND NEAR COMPLETE INFESTATION of INCOMPETENCE in the entire PAPpypolitics.

    The ownself-write-ownself paychecks are a cancer in our society endangering national survival.

    KICK THEM OUT IN THE NEXT GE

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  • oxygen:

    Ooops, typo error there, sorry

    oxygen: KICK THEM OUT IN THE NEXT GE

    should be read as

    oxygen: KICK THEM OUT IN THE NEXT GE to save ourselves and this motherland.

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  • PAP unable to grasp it:

    After 14 years, safe to say that the CEAC has failed Singapore

    Only that the multimillion-dollar salaried PAP leaders are unable to grasp it. Even less, that dumb idiot GCT who stupidly signed into it.

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  • Not the Full Picture:

    CECA is one of many tools India employs to find jobs for its huge population.

    If you read what the companies in India say about the labour force there, much of it is not market ready for a variety of reasons.

    There has been so much talk and hype about India becoming a rival to China. But at about USD2.5T, India’s economy is less than one fifth of China’s which stands at about USD13T. And this is with a population that is similar to China’s. After so many years, infrastructure is stuck. Quality of goods manufactured in India doesn’t stack up compared to those manufactured in other parts of Asia. So the main attraction for foreign companies is India’s large consumption base.

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  • CECA is Cancer:

    CECA allows free flow of India nationals. Then there are India nationals not keen recruiting Singaporean but prefer their own kind. Then there are recruitment agents especially Indians who also prefer Indian CVs over Singaporean.

    In totality we have severe employment issues faced by singaporeans.

    In addition our PMET job mark is Indianised gradually that will impact sg economy productivity and quality. I am sorry to say they are nowhere near the high standards of North East Asians.

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  • CECA is Cancer:

    By signing CECA sg gov is digging grave for themselves bcos the huge investments in India, through CECA investment incentives, do no bear any fruits but are now used by India government as bargaining power to pressurise sg for more employment advantages.india gov can lock up the investments any time they wish as they would bar anyone who wish to buy over the assets if sg gov want to withdraw its investments.

    How stupid is sg gov.

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  • CECA is Cancer:

    GCT who initated the CECA has not come out to praise the CECA bcos its a total failure.

    Money lost in India.

    Economy productivity, quality, innovation degrading in sectors dominated by India nationals. Go search the straits times report on sectors with worst productivity drop some years ago in construction, IT and finance/banking. The next year the later two were lumped into services to help cover up CECA failure.

    Mother of failures in all FTA signings.

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  • What a Comic Tragedy...:

    Run a Republic as obscenely-paid Corporate Executive Officers with unlimited capital from the people’s lifetime savings; hide the accounts books; take unwarranted credit for themselves; ignore the people as bonafide shareholders in the GLCs.

    How goes a kiasu kiasi meritocracy??? Drs. Goh Keng Swee & Toh Chin Chye are likely weeping tears in heaven, you know….

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  • NotMyProblem:

    @ Simon:
    Words of wisdom. CECA is not the problem; The 70% is.

    Your are so right! The 70% allowed the PAP to do it!

    Let’s hope this 70% is now smart enough to join Gilbert in Hong Lim Park on 3/11/2019 (Sunday) at 4 pm.

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  • DLLM:

    Very sorry to the pro-opposition supporters, but to the pro-government supporters, if you are PMET and driving taxi or jobless, you mother farkers deserved it. I am laughing happily at you because you idiots are the daftest in this world. This coming election, I bet you will vote for the corrupted PAP. No one can help you, you either die or save yourself.

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  • the hardest truth:

    The PAP Failed Badly:
    To avoid these bad future, just vote the PAP out in the coming GE and the Oppo will take the necessary actions to make Singapore our country again.

    A patriotic and nobel thought. But you will NEVER find the support for this to happen. Sporeans are genetically spineless, thoughtless and balless. All the “hoping” and “wishing” and “praying” will be of no use. The oppo will be let down (again) by our “kia everything” attitude. you will see for ureself when the GE results come out if you think there is hope for ppl like CSJ + LT okay?

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  • Defending Ramesh:

    Hello Stupid Oppie supporters,

    Singaporeans PMETs are unable to compete is because Singaporeans
    had:
    1. zero EQ – blindly follow law https://www.youtube.com/watch?v=FtdRqHFQ-0A
    the lowly Singaporean security guard is blindly following the law
    2. zero critical thinking –
    - from cradle to grave Singaporeans cheat to succeed with ten years series template. Things outside the template Singaporeans don’t know how to handle.
    - Singaporeans is frog in well who only think NUS and NTU is the best.
    - there are many more better uni than Singapore NTU and NUS like Southern Pacific University and University of Hull.

    Above 2 points is good enough not to hire Singaporeans.
    PAP.GUARANTEE.WIN.GE2019/20
    Majullah PAP, PAP Huat, Huat, Huat ah

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  • Not the Full Picture:

    It is so counter-productive to keep fingering the 70% as the problem.

    You really think any other party in Govt can choose not to do business with India? And when they do, you think India won’t use CECA to arm twist the Govt of the day?

    Stop spouting distracting nonsense…

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  • oxygen:

    @ Not the Full Picture

    TAKE OUT US AND CHINA, foreigners practically ignored India.

    https://www.livemint.com/news/india/india-gets-42-billion-fdi-inflows-in-2018-un-report-1560366016659.html

    For such a huge economy, it should have attracted bigger investment interest but has not.

    It has BIG SOVEREIGN RISKS worse than 3rd world countries, MASSIVE CORRUPTION DEEPLY ENTRENCHED, AND NEARLY IMPOSSIBLE INFRASTRUCTURE BOTTLENECK.

    Not the Full Picture: It is so counter-productive to keep fingering the 70% as the problem.

    You really think any other party in Govt can choose not to do business with India? And when they do, you think India won’t use CECA to arm twist the Govt of the day?

    Stop spouting distracting nonsense…

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  • Change We Must:

    CEAC failed big time!!

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  • Yoda:

    Good to know you both like to be screwed by Ah Neh Tua Kee.

    Defending Ramesh:
    Hello Stupid Oppie supporters,

    Singaporeans PMETs are unable to compete is because Singaporeans
    had:
    1. zero EQ – blindly follow law https://www.youtube.com/watch?v=FtdRqHFQ-0A
    the lowly Singaporean security guard is blindly following the law
    2. zero critical thinking –
    - from cradle to grave Singaporeans cheat to succeed with ten years series template. Things outside the template Singaporeans don’t know how to handle.
    - Singaporeans is frog in well who only think NUS and NTU is the best.
    - there are many more better uni than Singapore NTU and NUS like Southern Pacific University and University of Hull.

    Above 2 points is good enough not to hire Singaporeans.
    PAP.GUARANTEE.WIN.GE2019/20
    Majullah PAP, PAP Huat, Huat, Huat ah

    Not the Full Picture:
    It is so counter-productive to keep fingering the 70% as the problem.

    You really think any other party in Govt can choose not to do business with India? And when they do, you think India won’t use CECA to arm twist the Govt of the day?

    Stop spouting distracting nonsense…

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  • HDB flats depreciate to ZERO:

    It is not necessary to give Singaporeans jobs to Indians to make investments in India. India is very short of foreign investments. HSK negotiated a bad deal.

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  • Chinese do IT BETTER:

    Singaporeans are not being prostituted right?

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  • oxygen:

    @ Not the Full Picture

    SEE HOW INDIA SCREWED UP foreign investors in the oil and gas sector

    oxygen: It has BIG SOVEREIGN RISKS worse than 3rd world countries

    I should know. Here is how they do it.

    Financial Times :Since then, all three partners have struggled with geological complications, reducing gas output. The owners have also been beset by regulatory battles over the price at which gas from the field can be sold, and the rules governing future investment plans

    Canada’s Niko Resources to sell India deep sea gas stake

    https://www.ft.com/content/7454cf0a-b59e-11e4-b58d-00144feab7de

    “many analysts believe the field as a whole is now worth much less than the valuation implied by BP’s $7.2bn deal four years ago ( i.e. 2011).

    The Toronto-based explorer (Niko Resources) attempts to reverse disappointing discoveries that have seen it lose 85 per cent of its market capitalisation over the past year.

    AFTER THE HUGE GAS DISCOVERY, INDIA GOVT DICTATES WHAT PRICE THE GAS CAN BE SOLD AND CAN ONLY BE SOLD IN INDIA.

    This is daylight robbery worse than China.Someone with experience will never buy any shares with big India risks exposure. YOU WILL DIE CAWKED STANDING.

    CECA IS A COMPLETE SCREWED UP.

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  • arm / leg / neck twisted:

    //It is so counter-productive to keep fingering the 70% as the problem.

    You really think any other party in Govt can choose not to do business with India? And when they do, you think India won’t use CECA to arm twist the Govt of the day?//

    can choose to do business lar ? but not sign TOKA lar ? sinkie land is already open in the first place ? why lock your country in leh ?

    of course others can arm / leg / neck twist sinkie land lar, but can choose not to be arm twisted and leg twisted as sinke land is by far already very open-leg already leh ? white idiots only clever in arm / leg / neck twist own daft sinkies lar and so gong gong to be arm / leg / neck twisted by others meh ?

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  • Not the Full Picture:

    @ arm / leg / neck twisted:

    Those MNC jobs we have in Singapore is often because we have been arm twisted in some way to give them freebies. You can call it what you like: gong, or whatever.

    And yes, we Singaporeans are hardly as bright as many of us like to think when we get these nice plum MNC jobs.

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  • oxygen:

    HOW DOES INDIA WORKS of commerce and industry in the event of power outages when its energy supply is entangled like this?

    https://www.dreamstime.com/set-bundled-cables-power-line-india-mess-cables-power-line-india-image138558024

    THE ELECTRICAL ENGINEERS DON’T KNOW WHICH LINE IS CONNECTED TO WHICH SOURCE OR WHERE THE FAULT IS.

    DO THE ownself-print-ownself paycheck SIGNATORIES OF CECA TRAVEL TO INDIA b4 signing the agreement?

    If they did so, DID THEY LOOKED SKYWARDS in “modern” New Dehli to see what the tangled electrical power lines and thought about what that means for the business opportunities there – ON TOP OF THE IMPLACABLE CORRUPTION at every levels right up the seat of power in Govt?

    YOU WON’T SEE THIS IN EVEN RURAL CHINA.

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  • the brightest and smartest:

    //And yes, we Singaporeans are hardly as bright as many of us like to think when we get these nice plum MNC jobs.//

    don’t need to be a the brightest and smartest ? but willing to put in a decent amount of hard work and effort ? not that even if you want to work with some relevant education, still cannot find work ?

    aiyoh. a small number of islanders of a deserted island need not to be the brightest on earth, they just need enough resources (fertile land & nice environment to survive in a more agricultural economy) to edge out a nice living with plenty of fresh air ?

    imagine some super talented economists + a few scholars were to tell these islanders about gdp and reward their chief with plenty of gold & nice house to pawn off their land ? bet you in the future, these islanders & their forebears will most likely be a slave digits to these new colonial masters ? and their whole economy (sustainable for a few people with a reasonable big space) will turn into a puppy-eat-puppy economy (e.g squeezy 6.9m open-leg standard) just like in sinkie land ?

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