TR EMERITUS

The Singapore economy will be transformed. The global economy in the future will have less global trade. Most countries will manufacture a bigger proportion of their products at home. This will affect Singapore badly. There will be less global trade and the need for financial services. Many of the well paying jobs in the past... 

Except its “core business”, all other aspects of the business is contracted out. So, we have the telcos, hiving out the laying of fibers to a subsidiary company, Netlink Trust, which contracts out the work to main contractors who then sub-contract out to the sub-contractors. The Telcos squeeze the contractors for the best... 

In a Business Times survey with business honchos here recently, almost all of them say we can’t ditch the dependence on foreign workers, but we have to take better care of them. Is it any surprise? Cheap foreign workers enable them to make more profits, never mind it is not sustainable in the long run. After all, there is...