What Lee Kuan Yew (LKY) had built will soon be destroyed at the hands of his prodigal son. While LKY gained mass support during his tenure as PM by winning elections after elections, and monopolised our political scene albeit with autocratic leadership, his genius mathematician son, reverse all those sterling performances his father had painstakingly achieved.
Tony Tan’s track record at Government of Investment Corporation (GIC) has been a disaster. According to the Wall Street Journal, during his time as Deputy Chairman, GIC lost approximately $42 billion. In January 2008, just when investors are shorting U.S. banks, Tony Tan spent billions of dollars of Singapore taxpayers’ monies to invest in Citigroup and UBS.
1. Population white paper is good - its good for you because when they bring in more foreigners, more jobs will be created in the process. Fact - many local PMETs were replaced by incoming foreigners and even if they could find job the salary is being suppressed. Real reason - government wants to convert as many foreigners into new citizens for their votes. 2.Polytechnic education is enough - why study so hard for a degree when you can't get a job afterwards?
In a Facebook post on Wednesday night, the PM made another statement of breathtaking economic illiteracy. He said, “Singapore must never fall into the same hole as some countries which spend more than they can earn,” Perhaps it is the fact that he studied Mathematics rather than Economics that has led him to make such a fallacious statement.
Madam, every year, International Students receive about $12,000 to $75,000 each to study at our Institutions of Higher Learning. In total, the Government dispenses about $210 million in tuition grants per year to these students. This is not a small sum of money and the only requirement the Government asks of these International Students is to work for a Singapore-based company for a period of 3 years upon their graduation with no other strings attached.
Madam Speaker, thank you for allowing me to join the 2014 Singapore Budget debate. This year's budget, like last year's, is a socially inclusive one and taken together with the budget since the last General Elections, we now have many measures to help us address the widening income gap among Singaporeans. I am particularly glad that the government no longer pursues a "growth at all cost" economic policy and instead focuses on sustainable and inclusive growth. As we approach the 50th anniversary of Singapore next year, it gives us a good reason to recognize and reward the Singaporeans before us who worked hard to build Singapore into what it is today.
During the Committee of Supply Debate in Parliament today, Worker's Party MP Png Eng Huat, raised the issue of crane operators still being mostly foreigners despite Khaw Boon Wan saying last year that they were looking for more local crane operators and advertising that it was a good job that could earn up to $7k. Png raised the fact that last year, about half of all crane operators in Singapore were locals but due to a new relaxed ruling, companies can now hire 4 foreigners for each Singaporean crane operator that they hire.
By MP for Aljunied GRC, Sylvia Lim [Delivered in Committee of Supply on 6 March 2014] Madam, I am concerned about many Home Team uniformed services turning to outsourcing as a response to increasing demand for services and manpower shortages. For example, in October 2013, the SCDF added only four more emergency ambulances to increase its fleet to 50 vehicles, but doubled the number of private ambulances to 20.