Local jobs growth 100: 50,202 new citizens/PRs?
I refer to the article “Local workers, note where the job compass is pointing” (Straits Times, Jan 29). Jobs growth: locals 100, foreigners 31,700? It states that “The number of locals in jobs last year increased by just 100, near zero growth. It is the worst showing since the 1998 Asian financial crisis. Even during the...
Is Your CPF At Risk if Stock Markets Fall Any Further?
A few days ago I updated my very approximate calculations of how Temasek’s portfolio was likely to be performing since the commencement of the 2016 bear market using the geographical distribution of their portfolio as at 31st March 2015. You can read about it here. Of course using global stock indices as a proxy for Temasek’s...
How many jobs do FT billionaires create for Singaporeans?
At a public dialogue in 2013 [Link], PM Lee said he would rather get more foreign billionaires into Singapore even if it increases the rich and poor divide here. His justification is that rich foreigners coming to Singapore will help create jobs here. He said, “In fact, if I can get another 10 billionaires to move to Singapore...
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