Is CECA really beneficial for Singapore?

I would like to call into question the benefits that CECA has to Singapore, namely:

1) Increased trade with India

Post CECA, trade with India has grown by 10 billion since signing in 2005. However, what isn’t said is the context – that global trade has

A) Exponentially grown. Just the bilateral trade between SG and Malaysia ( two relatively small countries ) in 2018 is more than the global GDP in 1900s; a mere 118 years ago

Generally, global trade has grown in an upward fashion. This can be attributed to not just free trade deals, but also macroeconomic factors such as increasing population leading to a bigger GDP

B) India’s GDP has skyrocketed from 834,218 million to 2.72 trillion – an almost 3 fold increase. This is to say that without CECA, there is a strong chance that trade with India would have grown to these levels

2) Growth of PMET jobs from 50% to 56%.

Again, this is another red herring thrown. How much of this 6% growth can be directly attributed to CECA?

At the end of the day, it depends on cost-benefit analysis. Is the cost worth the jobs and economic growth it brings?

The PAP keeps telling us that Singapore has a lack of local talents. How can this be, since it is virtually every sector and not just IT?

Even sectors like finance, accounting, marketing and HR where our universities pump out flocks of graduates we supposedly have a lack of talents?

Take banking as an example. JP Morgan’s MD and EDs are all indian nationals. I am neither a headhunter Nor have I worked in banking (save for 2 internship).

Yet I know 2 ex Wall Street Bankers who graduated from Ivy Leagues. They literally studied in universities like Cornell and NYU, and worked on Wall Street.

If I as a non-finance person know of two such qualified individuals – won’t a headhunter or HR person know many more locals who can fill those positions instead?

I have seen twice in my life the dark side of CECA – that a family friend was retrenched for an Indian.

Despite having stellar education (masters from a middle-tier USA university and NUS), stellar work experience and in a job for a local, no less.

This is what happens when you bring in a bunch of people who don’t believe in meritocracy – that is what the caste system was designed to do.

Is CECA worth the cost?

 

Joshua Loke

 

 

yyy
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42 Responses to “Is CECA really beneficial for Singapore?”

  • Let's be very clear:

    CECA =
    Lost of jobs.
    Huge losses in India investments.
    Lower productivity.
    Lower quality.
    Less competitive economy (in some sectors)
    Lost of continuity (due worker turnover very few years)
    More social integration issues.
    So on…

    Its basically mother of all stupidities in the history of Singapore national governance.

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  • Bapak:

    When TH loses money, they keep very quiet.

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  • doesnt this make us mad:

    http://theindependent.sg/forum-josephine-teo-proposes-damage-control-measures-on-singaporeans-losing-jobs-to-foreign-talents/

    always after the fact.
    why are we paying these non productive ministars mil$ salaries just to wayang wayang N.AT.O???
    nothing is going to change unless a review is done and new laws put in place…which is unlikely.

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  • tell us ..:

    what do sgs get in return?

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  • BusLoads:

    Busloads of Ah-Nehs, they thought will volt for them, cause, Ah-neh hometown put to shrine old man [was in the paper].

    Unlike the old man, the infilial one don’t know ‘balls’ about Ah-Neh. Once they got the grip, infilial one thrown under the bus. Otherwise soon, they form their own Party.

    Little India upturn bus.! Ah Neh will screw his As*./

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  • China Spy:

    https://youtu.be/zdR-I35Ladk
    Australia 60minutes documentary on alleged China spy kidnapping bookshop owners and trying to bring TW president down and murder in Australia.

    With so many India IT in SG doing govt projects, could spies have infiltrated ?

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  • Lee Faint Heng Coma:

    Let's be very clear:
    CECA =
    Lost of jobs.
    Huge losses in India investments.
    Lower productivity.
    Lower quality.
    Less competitive economy (in some sectors)
    Lost of continuity (due worker turnover very few years)
    More social integration issues.
    So on…
    Its basically mother of all stupidities in the history of Singapore national governance.

    But do you realise who is more stupid than the CECA ?

    THE VOTERS.

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  • Asd:

    It is very very good …
    Also very very good luck to you…

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  • Sadness:

    Once upon a time, foreigners were brought in to teach
    Sporeans how to lead major govt depts, companies.
    We learnt and we took over the reins
    Now, they do the job and are replaced with another
    foreigner if they leave. OR the leadership posts are
    given to ex army pple, who muck things up. So we
    cant rise up, and dun learn.
    V sad…..

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  • opposition dude:

    At the end of the day PAP is still in power and will just continue CECA’ing their way. They will tell us all sorts of nonsense to justify it but as long as we don’t show them a clear signal or 2 in the next GE nothing will ever change.

    PAP is banking on their new citizens and the kiasees to see them through the next GE. They know they won’t be getting 70% of the vote for sure, they are just hoping there won’t be too many casualties when the results are announced.

    Should PAP actually become the opposition you can bet your HDB that all their good for nothing ministers will all announce their retirements at the same time. Since they know they won’t be earning that obscene pay anymore then why bother to be in politics since they aren’t going to be protected from real competition?

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  • CECA = Good or Bad ?:

    The Indian market is huge. This is how the Indian leaders tempt our inexperience and greedy PAP leader into signing of CECA. One of the temptation is to allow DBS banks to open many branches in India. But how much profit does DBS Bank in India actually made. It was reported in the press that all along DBS had made a total loss of more than 100 million dollars until recently they have made a miserly profit of two million dollars. BIG DEAL.

    Recently Temasek was reported to have made a loss of over 4 billion dollars regarding the building of the capital city for the Andre Pradesh state which was ultimately cancelled by the clever Indian leaders.

    In return for CECA we have to allow the transfer of six month old employee from India office to the Singapore office without question. As a result they do not have to employ locals. Of course we are allowed to send Singaporeans to work in India. But how many have gone there to earn in Rupees salary. Many local PMETS have be replaced by these very large numbers of incoming Indians from India. Is it worth it ? Aren’t we helping India to cope with their unemployment problems by offering Singapore jobs to them instead of our own locals ?

    Many countries in the RCEP FTA are smart enough to reject India requirement
    to join RCEP FTA which must follow the condition as per CECA.

    Vote the PAP out as they have current leaders with very low EQ and not street smart who continue to make fatal errors and lose out to the other countries leaders in the negotiation. Or we will all kapoot.

    We really missed our first generation of PAP leaders.

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  • REGIME CHANGE is the solution:

    CECA is a compelling reason for REGIME CHANGE.

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  • patriot of TUMASIK:

    Lets put CECA straight…

    The Stroke is too Idiotic to Plan or Negotiate CECA…like the Idiot he is as all ministers mostly are he was TOLD to put his signature on the SHITTY PAPER… Prepared – Plan – & Proposed by the Cock Tot after a visit to Bangalore the supposed Silicon Valley of India…the Cock Tot that Singapore’s IT industries can move into Bangalore in EXCHANGE… a few went and mostly return going Belly-Up!!!

    Before THAT!!!

    A visit to Switzerland for a short trip and he RETURNED-to-TURN Singapore into The Switzerland of Asia by 2010…Today 2019 what happen arseHOLE??? still hanging on to parasite on the people after all the costly Failures???… The man who Con You is evil but this Cock is NOT evil but Cock-UP lah!!!

    One Con One Cock and another C..t with a useless Cock

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  • Playing with ur bakdoor:

    China Spy:
    https://youtu.be/zdR-I35Ladk
    Australia 60minutes documentary on alleged China spy kidnapping bookshop owners and trying to bring TW president down and murder in Australia.

    With so many India IT in SG doing govt projects, could spies have infiltrated ?

    Yes, the valid question not asked by any Opposition or MP is , given Singaporeans are lacking the skills India IT has, they are not able to find out if BACKDOORS are coded in programs written by them. If singkees are good enough , they would not have lost to India Nationals taking away their ricebowls.

    I fear for sg. When hacked by foreign actors they may not have full confidence who dug their back door.

    Is SG sovereign given its crippled without external trade?

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  • NotMyProblem:

    “The PAP keeps telling us that Singapore has a lack of local talents.”

    Please let me understand this! Why, what happened?

    We were once a dragon of Asia. Singapore only competed with Japan in the 70′s & 80′s. SG was a financial hub! SG was proud of its IT! SG was hub of this, hub of that! What happens now?

    Whose fault is that when Singapore lacks of talents? Our Universities are amongst the best, right?

    Shall we blame the PAP or the citizens who voted them it?

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  • TOC infiltrated by spies?:

    I feel that CECA is more bad than good sinoly because it is good on paper but in reality fake certs and experience have entered sg and ominipresent.

    Allow me to digress to raise alert that my observsation of TOC is that there are many Pro PAP now postinf on TOC .
    Take a look at this Article comments :

    https://www.theonlinecitizen.com/2019/11/25/pmds-a-story-of-class-and-crass/

    Its clearly postings by IBs.
    I was banned unreasonably by ANG CHER LING who cited fake reasons just to ban me. I sent in an article on how to free ourselves from PAP stranglehold in one GE.

    So, i have good reasons to believe she and some in TOC have sold their souls to yew know who.

    Assess for yourselves.

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  • Not all India same-same:

    “History shows us that where ethics and economics come into conflict, victory is always with economics. Vested interests have never been known to have willingly divested themselves unless there was sufficient force to compel them.

    My social philosophy may be said to be enshrined in three words: liberty, equality and fraternity. Let no one, however, say that I have borrowed by philosophy from the French Revolution. I have not. My philosophy has roots in religion and not in political science. I have derived them from the teachings of my Master, the Buddha.”

    B.R. AMBEDKAR, Father of the Indian Constitution

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  • n.a.t.o always!:

    its like inviting thieves into your house…wining n dining them ..then shouting “thief thief”.
    our inept bungling mini-stars have got to go!
    we have been overpaying them !

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  • the most basic of things:

    //Yes, the valid question not asked by any Opposition or MP is , given Singaporeans are lacking the skills India IT has, they are not able to find out if BACKDOORS are coded in programs written by them. If singkees are good enough , they would not have lost to India Nationals taking away their ricebowls.//

    aiyoh. not whether it is good enough or not good enough ? it is the natural financial mechanics of free-market and labour movement and it is open-leg policy to such ridiculous level and welcoming daft sinkies being replaced / displaced by not so welcoming FTs lar ?

    aiyoh, if you try paying FTs $1000/- in sinkie land for IT or office work, i don’t think they would want the jobs lor, so are they so hardworking or picky ? but $1000 in their own country may be gladly received because their COL is much better than in sinkie land ?

    take water, if sinkie land is good enough, we don’t have to buy water from neighbour lar and fully self-sustainable lar ? well, tekong camp got their own water source for the right number of people (enlistees / soldiers) right ? of course, if you have 6.9m open-leg policy in tekong, then water source in there will definitely be not enough lar ?

    take food, if sinkie land is good enough, we would be fully self-sustainable in food harvest / production lar ? of course, if you have 6.9m and 10m in sinkie land, there will not be good land to farm lar and land will allocated in development which can pay the highest dollars lor ? so ask yourself lor, a nation not so populated BUT with people well trained & educated enough is better than one squeezed by 6.9 or 10m or 50m open-leg policy under a puppy-eat-puppy environment ?

    another perspective to look at water & food, the most basic of things which sinkie land is not good enough to produce on our own (for the whole population) for survival other than air ? so we need FT water and food ?

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  • Honourable Citizen:

    Agree fully with the author’s view. Till today no one can actually provide hard proof of benefits CECA brought to Singapore. All we heard are just talks by ministers and MPs the huge benefits Singapore is reaping from CECA.

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  • got to change sinkie mentality:

    //I fear for sg. When hacked by foreign actors they may not have full confidence who dug their back door.//

    haha. aiyoh ? as far as the perception of the daft sinkies is kept as daft as possible by 151th standard, sinkie land is still safe and sound lar ? even if garment servants or officers know there is a breach, you think they dare to say it out meh openly ? may be charged for exposing confidential information ?

    white idiots like to talk about security a lot, with so many FT chat-ba-lang people inducted into their services (sometimes very senior positions in the some institutions), imagine the potential risk lor ? but never mind lar, trust the white idiots lar ? when they say bo-tai-chee, must be bo-tai-chee lar ?

    fear what lar ? got to change sinkie mentality already ? just treat it as a hotel lar weighing the pro-and-con like going for a holiday tour lar ? don’t get too attached with too much emotional investment on a hotel (unlike a true nation worth fighting for lar ?) ?

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  • oxygen:

    POLITICS AND CORRUPTION ARE THE TWO BIGGEST PILLARS undermining its economic development. Unless you have secured leverage to the seat of political power (which is fragmented and corrupt to infinity) investment into India is WHO DARES DIES.

    Cairn Energy ready to reinvest in India if retro tax issue is resolved: CEO

    https://www.livemint.com/companies/news/cairn-energy-ready-to-reinvest-in-india-if-retro-tax-issue-is-resolved-ceo-1564898649921.html

    Canadian oil/gas explorer, Niko Resources also got screwed by thuggish Indian government.

    “August 2015

    Niko announces that it has failed to make interest payments to noteholders. The company blames a new natural gas policy in India for prices rising less than it expected.”

    NIKO was forced to sell gas prices from its discovery to Indian consumers so cheap that it can’t even earn enough to pay for its interest costs to bondholders.

    How Niko Resources fell from TSX high-flier to delisting

    https://www.bnnbloomberg.ca/how-niko-resources-fell-from-tsx-high-flier-to-delisting-1.1228241

    NO FOREIGN OIL AND GAS ENTITIES WILL EVER INVEST IN INDIA.

    PAPpypolitics are virgin of experience. CECA IS A VERY BIG MISTAKE.

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  • TruBlu:

    CECA is plain stupid.
    No wonder LKY called sgs daft.
    Guess he was FORECASTER XO?

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  • TruBlu:

    *Papononics* is cesspool and so is CECA.

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  • PAP signed CECA:

    BusLoads:
    Busloads of Ah-Nehs, they thought will volt for them, cause, Ah-neh hometown put to shrine old man [was in the paper].

    Unlike the old man, the infilial one don’t know ‘balls’ about Ah-Neh. Once they got the grip, infilial one thrown under the bus. Otherwise soon, they form their own Party.

    Little India upturn bus.! Ah Neh will screw his As*./

    Once the Ah Nehs, Pinoys and PRCs form their own political parties, things will get very messy. It will be a matter of time before they want a bigger portion of the pie and if their demands are not met, they will form their own political activism and get their government at home to put pressure on us.

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  • Yes, it benefits ...:

    … Singapore.
    Singapore becomes richer, CPF Board lends billions $ to GIC and Temasek. PAP Ministers get richer, Temasek’s Ho Ching has more money to do charity, aka losing money in investments.
    MINDEF has more money, Singapore male can have allowance for their NS and ICTs to defend Singapore.
    Import of superior class like Northern Indians, upper cast, intellectual pedigree can boost the economic vibrancy and population of Singapore.
    More good jobs are created for true blue Singaporeans, only Singaporeans are allowed to do, like Grab driving and food delivery (sorry PHVD and gig economy enablers).

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  • lying pap S$m thieving liars:

    if ceca ah nehs so good india today won’t be the slum it is NOW.

    only pap brainless Ljs and pap brainless Cbs continue to say ceca creates jobs for local born.

    ffff the brainless 70% sheep too. they could have New Government doing a far better job than the current bunch of over paid S$600k monkeys and over paid S$m beyond mediocre pap Ljs and pap Cbs.

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  • T Thamayanthi:

    Why are all the comments in TR Emeritius on Indian IT expartriates. How about the millions of uneducated Chinese from China, Burma, Thailand, Indonesia, Phillipines and Malaysia who have taken over our jobs even in the Govenment sectors and taken over the privileges of the original minorities of Singapore. Please look around on how the Singaporean Chinese are treating the Singapore Indians and Malay 1st before commenting. I hope TR Emerious do some moderation on such unfair and sickening racial comments all over its articles.

    TRUE SIngaporean

    Note: Please do not reveal my true name

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  • Dear T Thamayathi:

    May I ask you a popular question in this forum.
    Did you vote for PAP?
    One more – are you going to vote for PAP again?

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  • Hmm ... T Thamayathi:

    I know only of one Indian unfairly treated … he is Tharman who earns a few millions every year. He is happily quiet being comfortably mistreated.
    By the way, are you mistaken … all Chinese look alike (unlike fairer skinned, sharper facial features of Northern Indians from Southern Tamils), although some more hairy than others, some fairer than others, some taller than others, even China Chinese now are fatter than some true blue Singaporeans.
    Aiya, there are so many China Chinese converted to Singaporeans and in Singapore streets and workplace, so you may not tell who is a Singaporean Chinese even he talks unless you can differentiate the accent.

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  • George:

    Khaw BW and Tan CJ have not been beneficial to Singapore, VOTE THEM OUT !

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  • @Thamayathi:

    So you are complaining minorities mistreated by the majority Chinese Singaporean? Why not you compare how minorities are treated in Indonesia, Malaysia and India?

    Don’t you think Chinese (together with Japanese and Korean) are the hardest working people? Looking at the productivity of some private sectors which haven been struggling after CECA was signed.

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  • Don't Talk Nonsense:

    @Thamayathi

    Tell me if our government is that stupid to recruit the uneducated Chinese from all the countries that you mentioned into our government service when they do not have the necessary skills ?

    Talking rubbish.

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  • Would Locals Work In India ?:

    No, unless they do not mind the smell of shits everywhere. There, people urine and shit on the roads, drains and everywhere. They even rape their own females like nobody business. It was reported that a man even raped a cow – Holy Shit.

    For Fark Sake Anei.

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  • Change We Must:

    Our unis ranked the best in Asia but why are our locally produced talents cannot fill those top position and need those inferior unis graduates from India? big question mark?? Either the survey is lying or the government is doing backdoor deal with India? Seems like Singapore is the jobs central in Asia and is creating jobs for many 3rd world countries around us.

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  • famous tower in orchart rood:

    //Tell me if our government is that stupid to recruit the uneducated Chinese from all the countries//

    not stupid lar ? miscalculation lar ? let’s not call it educated / uneducated lar ? you mean there are no legally-allowed-here on permits (be it A pass, B, C & D pass or work permit) perhaps educated / uneducated ones who engaged in sleazy activities ? I don’t know what you call that famous tower in orchart rood ?

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  • expressive & assertive:

    //Why are all the comments in TR Emeritius on Indian IT expartriates. How about the millions of uneducated Chinese from China, Burma, Thailand, Indonesia, Phillipines and Malaysia who have taken over our jobs even in the Govenment sectors and taken over the privileges of the original minorities of Singapore.//

    actually all are problems if they are here to squeeze out space / jobs against daft sinkies via 6.9m or 10m open-leg policy lar ? CN ppl’s behaviors also got highlighted / criticized if they behave in a not ‘civil’ way lar ? you think our own local true-blu can get away if they are not civil also – especially now in the age of smart-phone camera and video taking ?

    as for I IT expatriates, maybe they are expressive & assertive which is not the way of the majority daft sinkies ? but daft sinkies must learn how to adopt the way / behaviors of the FTs if daft sinkies are overwhelmed in terms of number (6.9m or 10m open-leg policy) and if that is the way to get things done and survive ?

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  • senseless m.o.u.s:

    CECA..Wonder what the gov gets in exchange.. certainly not jobs for SGs to work in India…and its certainly not creating good jobs for sgs in sg!
    its something else for sure that theyre not revealing….definately.
    cuz this ceca contracts are screwed! dont make sense at all from native sgs viewpoint.

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  • I dislike CECA Heng:

    CECA Heng must be kicked out of job!

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  • I dislike CECA Heng:

    TruBlu:
    CECA is plain stupid.
    No wonder LKY called sgs daft.
    Guess he was FORECASTER XO?

    But condoned by majority.
    This is called democracy.

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  • Idiots n traitors:

    Only idiots n traitors would applaud CECA. Pap has rapidly lapsed into a self serving single party rule since LKY began to think that all good patroits n talented Singaporeans r in his grib. But all he has r greedy, self serving idiots. His cinsistence in eradicating political opposition is his very self destructive notion of longing to be an international politician but instead the legacy he has left behind is a generation of political bastards self serving, arrogant n treasonous with the intent to replace Singaporeans with racists n religious fanatic n extreme greed with nfi of what it means by democracy n serving the citizenry. If LKY by his erotic desire to wipe out political opposition n citizens’ political criticisms adverse to his iinterest destroys the fundamental goodness of democracy by its tenets of separation of power, checks n balances. Trump is a classical example pf a political bast**d in democracy. LKY with his intellects if properly chancelled n translated to Nation loving n respect could easily become a
    Historic historian but his nepotic eroticism, self serving mentality imbibed with self gratification n self glorification brings his lies n cons and his name to his death bed. in fact when future Singaporean generation reflect on the History, he would certainly be looked at as the most destructive villiant of His singapore Nation Building. PAP think that 50 years as their pride but their serving mentality to themselves n aliens against Singaporeans incliuding the new Singaporeans which will have their status condemned the moment they became citizens will garbaged their political presence. Singaporeans shared the aspiration of First generation PAP sine LKY who harboured deep inside hime his erotc nepotic mentality. His cultivation of compliant buteaucrats destroy professionalism, innovativeness n entrepreneur ship of Singaporean talents. only political bastards corrupts public service into personal gains. Since LKY successfully put his erotic nepotism supported by a harem of compliant bureaucrats, bootlickers, brownosers, polanpas …., he virtually turns himself into the greatest politcal lying bast**d of centuriers n needless to say, the generation of pap he breeds as his legacy r increasingly tending towards fanatics in greed, self glorification n have absolutely nfi of what it means by democracy, n a government. in their vocal, it is con the citizens n exploit the aliens till they can be conned to join the daft LKY shameless declaration Singaporeans. The wave of change is sweeping across the world to rid these political bastards n reestablish goodness with sound separation of power n checks n balances to nib these political bastards from maturing like Trump n his alikes!

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