Singaporeans being squeezed out of banking sector by foreigners
I am currently working in investment banking department of a foreign bank. What really concerns me is the employment trend in many big foreign institutions as a result of our Singapore’s employment policy. A global head once told me it is very easy for the bank to employ foreigners to work in Singapore. So easy that many banks...
PAP housing announcements for upcoming election is too late and too little
Over the last few months Mah Bow Tan and HDB have been aggressively announcing new releases of HDB flats. This election strategy is clearly in response to heightened anger over acute housing shortage and high prices. However a check at the HDB website reveal that many of the recent announcements will not be ready for occupancy...
Prices of resale HDB flats grow by 13.3 percent last year
The prices of HDB resale flats grow by a shocking 13.3 percent last year compared to 8.1 percent in 2009 in spite of more new flats being built by HDB to cater for the housing shortage. Together with the 13.8 percent increase in 2008, prices have increased by 35.2 percent in the last three years alone. The sky-rocketing prices...
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