TR EMERITUS

The rate of return of 6.57% from it’s worker’s dorm business, as claimed by Centurion Corp, is highly misleading - it gives the impression that the operation in Singapore is only earning normal profits, when in fact, it is earning super-normal profits. The bulk of Centurion Corp’s revenue comes from the worker’s dorm... 

It was reported that a sum of $35 million provided as wage subsidies to 32 commercial firms had been returned to the government. Apparently, these companies do not need money from our reserves. Another 29 companies also reported that they do not wish to receive further wage subsidies. No amount has been stated or how much they... 

As expected, employers are pleading their cases to continue using foreign migrant workers. The reasons they cite are the usual scare tactics: loss of competitiveness if we do away with cheaper migrant workers, can’t find locals who want to do these dirty and dangerous jobs, longer completion time of projects, etc. All these...