Pure bullshit. These MNC are under no obligations to hire only sinkies. Kindly walk into any MNC factory or plant in Singapore and see how many people are actually native born. If you can find more than 30%, its damn good already. The PAP is basically using tax payer money to give tax incentives to MNCs to hire people from other countries to work here. How fucking stupid is that? Any money that these MNCs pay for electricity, water, etc goes to the govt or a GLC, once again not directly benefiting any sinkies. Tax incentives have always been going on, and in the earlier post, this company received USD$2.85 billion over 10 years in tax exemption. I am not opposed to giving tax incentives, but only if they hire only sinkies or at least even give sinkies priority in employment. But $2.85 billion is too much. And you can be sure these MNCs do not give sinkies any preference. I can bet you in their Irish factory, you will be hard pressed to find more than 10% FTs working there, as you can be sure that govt will make sure the vast majority of jobs go to Irish people.
