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Serious MAS Chief Chettiar Wants To Punish Discriminatory Hiring Through Fines, Bonus Reductions And Promotion Freezing! No More Discrimination!

JohnTan

Alfrescian (InfP)
Generous Asset
1626339669716.png


Last Tue (6 Jul) in Parliament, the People’s Action Party (PAP) government continued to maintain that the India-Singapore Comprehensive Economic Cooperation Agreement (CECA) does not allow Indian nationals free entry to Singapore.

Health Minister Ong Ye Kung said that the Free Trade Agreements (FTA) and CECA have not curtailed the power of Singapore immigration authorities to regulate the entry of foreign PMETs into Singapore.

He further dismissed Progress Singapore Party’s (PSP) claim that the 127 categories of professionals listed in CECA allow Indian nationals to flood Singapore’s job market, saying that all foreign PMETs have to meet the relevant criteria set by the government to work here.

Manpower Minister Tan See Leng added, “None of our FTAs, including the India-Singapore Comprehensive Economic Cooperation Agreement (Ceca), gives intra-corporate transferees unfettered access to our labour market.”


Many netizens, however, remain unconvinced. Some claimed that they have first-hand knowledge of how CECA has caused an influx of Indian nationals in their previous workplaces. Others ridiculed Ong asking why the need to list down the 127 professions in CECA in the first place.

MAS Chairman now talks about need for Singaporean core
After an intense Parliamentary debate over CECA last week, Monetary Authority of Singapore (MAS) managing director Ravi Menon gave a speech at the Lee Kuan Yew School of Public Policy (LKYSPP) yesterday (14 Jul), saying that there is a need for a Singaporean core.

Just 2 months ago (4 May), he told everyone at a conference that Singapore will have to rely on foreigners to fill the vacancies for technology jobs in the next few years. He said that Singaporeans make up only one-third of the estimated 25,000 tech workforce in the financial sector. That is to say, Singaporeans are not the core tech workers at least in the finance sector.

He added that the pipeline of local tech graduates wasn’t enough to fill the vacancies. The large mismatch between demand and supply meant that “we have to continue to depend on foreigners to fill the growing vacancies for technology jobs over the next few years,” he emphasized.

“If we tighten this inflow excessively, it will impair not just the competitiveness of our financial centre but dampen the prospects for creating good jobs in the future, especially for Singaporeans.”

But yesterday, he turned around acknowledging that Singapore’s strategy of growing a strong Singaporean core while attracting foreign talents is “coming under strain” amid growing unhappiness among locals over job competition from foreigners.

He now said that the anxieties of how some Singaporeans feel about the influx of foreigners are real and need to be addressed. “We need to resolve this effective divide… Singapore cannot afford to be seen either as lacking in opportunity for our own citizens or unwelcoming of foreigners.”

He shared that some steps could be taken to raise the qualifying salaries of foreign workers here, as well as to do more to stop discriminatory hiring practices.

He suggested continue to raise the minimum qualifying salary for S Pass and Employment Pass (EP) holders with the S Pass minimum salary raised to around $4,500 from the present $2,500. But he cautioned against tightening EPs at the higher end, as it could lead to the loss of adjacent local jobs.

Secondly, he also suggested to do more to stop discriminatory hiring. “We might want to consider directly punishing the individuals in the firm found to have engaged in discriminatory hiring,” he said. Such measures could include imposing financial penalties, reducing bonuses and freezing promotions.

“We can accept this as long as the foreigners who come here are of high quality, help to expand economic activity, and thereby help to create job opportunities for Singaporeans… and Singaporeans are always treated fairly,” he added.

In any case, it’s not known how he is going to address the issue of growing a Singaporean core among tech workers in the financial industry, since Singaporeans only compose of one-third in that sector.

It’s also not known if Menon still wants to continue the practice of importing Indian nationals to fill the tech gap since Manpower Minister Tan told Parliament last week that the huge growth of Indian nationals from 14 percent in 2005 to 25 percent last year was due to the “growth of digital economy”.

https://www.theonlinecitizen.com/20...ed-after-intense-debate-on-ceca-in-parliament
 

mahjongking

Alfrescian
Loyal
cheebye wayang, fine for fuck? does the jobless sinkees get the fine money?
just sack the CECAs and replace them with qualified sinkees.....fucking pap insulting our intelligence again
 

tanwahtiu

Alfrescian
Loyal
View attachment 116328

Last Tue (6 Jul) in Parliament, the People’s Action Party (PAP) government continued to maintain that the India-Singapore Comprehensive Economic Cooperation Agreement (CECA) does not allow Indian nationals free entry to Singapore.

Health Minister Ong Ye Kung said that the Free Trade Agreements (FTA) and CECA have not curtailed the power of Singapore immigration authorities to regulate the entry of foreign PMETs into Singapore.

He further dismissed Progress Singapore Party’s (PSP) claim that the 127 categories of professionals listed in CECA allow Indian nationals to flood Singapore’s job market, saying that all foreign PMETs have to meet the relevant criteria set by the government to work here.

Manpower Minister Tan See Leng added, “None of our FTAs, including the India-Singapore Comprehensive Economic Cooperation Agreement (Ceca), gives intra-corporate transferees unfettered access to our labour market.”


Many netizens, however, remain unconvinced. Some claimed that they have first-hand knowledge of how CECA has caused an influx of Indian nationals in their previous workplaces. Others ridiculed Ong asking why the need to list down the 127 professions in CECA in the first place.

MAS Chairman now talks about need for Singaporean core
After an intense Parliamentary debate over CECA last week, Monetary Authority of Singapore (MAS) managing director Ravi Menon gave a speech at the Lee Kuan Yew School of Public Policy (LKYSPP) yesterday (14 Jul), saying that there is a need for a Singaporean core.

Just 2 months ago (4 May), he told everyone at a conference that Singapore will have to rely on foreigners to fill the vacancies for technology jobs in the next few years. He said that Singaporeans make up only one-third of the estimated 25,000 tech workforce in the financial sector. That is to say, Singaporeans are not the core tech workers at least in the finance sector.

He added that the pipeline of local tech graduates wasn’t enough to fill the vacancies. The large mismatch between demand and supply meant that “we have to continue to depend on foreigners to fill the growing vacancies for technology jobs over the next few years,” he emphasized.

“If we tighten this inflow excessively, it will impair not just the competitiveness of our financial centre but dampen the prospects for creating good jobs in the future, especially for Singaporeans.”

But yesterday, he turned around acknowledging that Singapore’s strategy of growing a strong Singaporean core while attracting foreign talents is “coming under strain” amid growing unhappiness among locals over job competition from foreigners.

He now said that the anxieties of how some Singaporeans feel about the influx of foreigners are real and need to be addressed. “We need to resolve this effective divide… Singapore cannot afford to be seen either as lacking in opportunity for our own citizens or unwelcoming of foreigners.”

He shared that some steps could be taken to raise the qualifying salaries of foreign workers here, as well as to do more to stop discriminatory hiring practices.

He suggested continue to raise the minimum qualifying salary for S Pass and Employment Pass (EP) holders with the S Pass minimum salary raised to around $4,500 from the present $2,500. But he cautioned against tightening EPs at the higher end, as it could lead to the loss of adjacent local jobs.

Secondly, he also suggested to do more to stop discriminatory hiring. “We might want to consider directly punishing the individuals in the firm found to have engaged in discriminatory hiring,” he said. Such measures could include imposing financial penalties, reducing bonuses and freezing promotions.

“We can accept this as long as the foreigners who come here are of high quality, help to expand economic activity, and thereby help to create job opportunities for Singaporeans… and Singaporeans are always treated fairly,” he added.

In any case, it’s not known how he is going to address the issue of growing a Singaporean core among tech workers in the financial industry, since Singaporeans only compose of one-third in that sector.

It’s also not known if Menon still wants to continue the practice of importing Indian nationals to fill the tech gap since Manpower Minister Tan told Parliament last week that the huge growth of Indian nationals from 14 percent in 2005 to 25 percent last year was due to the “growth of digital economy”.

https://www.theonlinecitizen.com/20...ed-after-intense-debate-on-ceca-in-parliament

Why don't PAP disband NSF and let local boys enter workforce with their fresh graduate qualifications than to waste 2 years in the PAP slave trade.

Fuck U PAP, the locals boys are 2 years behind those Indian fresh graduates to grab the jobs first. Two year behind for local boys means 2 years early work experiences fuck to the Indian bastards.

Imagine a local boy at age 20 enter work force 2 years later, but bastard fake degree ahneh already has from zero to heroes to Superstar work experiences 2 years ahead in their 20.

Is this fair to the local boys start at age 20 to get to from zero to hero to Superstar work experiences. The local boys can never catch up with the fucking fake degree ahneh in work experience in the work force.

Fucking PAP is dangerous and like Jesus must die...

Hey hello PAP, our boys didn't get the same work experiences in the course he finished studied in the army.

A boy graduate with Bs in Computer Science at age18 must enter the workforce immediately to learn as u earn in the IT industry.

No gap time shd wasted for he is freshed enter the IT pick up industrial experience immediately.

Fucking LKY son Loong must enter the US uni immediately with no gap time must finish NSF first. What is this scholarship holders can break the NSF obligation to enter the uni first, with no gap time must finish NSF first.

I think we shd sue PAP and jail the 2 sons of LKY for the evil crime the father has committed against humanity and human rights.

Commoners sons has equal human rights to enter the workforce immediately after graduate from the uni course, no gap time must finish NSF first, like the 2 sons of bastard LKY....

Fuck Loong...
 
Last edited:

birdie69

Alfrescian
Loyal
View attachment 116328

Last Tue (6 Jul) in Parliament, the People’s Action Party (PAP) government continued to maintain that the India-Singapore Comprehensive Economic Cooperation Agreement (CECA) does not allow Indian nationals free entry to Singapore.

Health Minister Ong Ye Kung said that the Free Trade Agreements (FTA) and CECA have not curtailed the power of Singapore immigration authorities to regulate the entry of foreign PMETs into Singapore.

He further dismissed Progress Singapore Party’s (PSP) claim that the 127 categories of professionals listed in CECA allow Indian nationals to flood Singapore’s job market, saying that all foreign PMETs have to meet the relevant criteria set by the government to work here.

Manpower Minister Tan See Leng added, “None of our FTAs, including the India-Singapore Comprehensive Economic Cooperation Agreement (Ceca), gives intra-corporate transferees unfettered access to our labour market.”


Many netizens, however, remain unconvinced. Some claimed that they have first-hand knowledge of how CECA has caused an influx of Indian nationals in their previous workplaces. Others ridiculed Ong asking why the need to list down the 127 professions in CECA in the first place.

MAS Chairman now talks about need for Singaporean core
After an intense Parliamentary debate over CECA last week, Monetary Authority of Singapore (MAS) managing director Ravi Menon gave a speech at the Lee Kuan Yew School of Public Policy (LKYSPP) yesterday (14 Jul), saying that there is a need for a Singaporean core.

Just 2 months ago (4 May), he told everyone at a conference that Singapore will have to rely on foreigners to fill the vacancies for technology jobs in the next few years. He said that Singaporeans make up only one-third of the estimated 25,000 tech workforce in the financial sector. That is to say, Singaporeans are not the core tech workers at least in the finance sector.

He added that the pipeline of local tech graduates wasn’t enough to fill the vacancies. The large mismatch between demand and supply meant that “we have to continue to depend on foreigners to fill the growing vacancies for technology jobs over the next few years,” he emphasized.

“If we tighten this inflow excessively, it will impair not just the competitiveness of our financial centre but dampen the prospects for creating good jobs in the future, especially for Singaporeans.”

But yesterday, he turned around acknowledging that Singapore’s strategy of growing a strong Singaporean core while attracting foreign talents is “coming under strain” amid growing unhappiness among locals over job competition from foreigners.

He now said that the anxieties of how some Singaporeans feel about the influx of foreigners are real and need to be addressed. “We need to resolve this effective divide… Singapore cannot afford to be seen either as lacking in opportunity for our own citizens or unwelcoming of foreigners.”

He shared that some steps could be taken to raise the qualifying salaries of foreign workers here, as well as to do more to stop discriminatory hiring practices.

He suggested continue to raise the minimum qualifying salary for S Pass and Employment Pass (EP) holders with the S Pass minimum salary raised to around $4,500 from the present $2,500. But he cautioned against tightening EPs at the higher end, as it could lead to the loss of adjacent local jobs.

Secondly, he also suggested to do more to stop discriminatory hiring. “We might want to consider directly punishing the individuals in the firm found to have engaged in discriminatory hiring,” he said. Such measures could include imposing financial penalties, reducing bonuses and freezing promotions.

“We can accept this as long as the foreigners who come here are of high quality, help to expand economic activity, and thereby help to create job opportunities for Singaporeans… and Singaporeans are always treated fairly,” he added.

In any case, it’s not known how he is going to address the issue of growing a Singaporean core among tech workers in the financial industry, since Singaporeans only compose of one-third in that sector.

It’s also not known if Menon still wants to continue the practice of importing Indian nationals to fill the tech gap since Manpower Minister Tan told Parliament last week that the huge growth of Indian nationals from 14 percent in 2005 to 25 percent last year was due to the “growth of digital economy”.

https://www.theonlinecitizen.com/20...ed-after-intense-debate-on-ceca-in-parliament
I think MAS chief Menon is now looking into the nationality of PMET employed in all our banks in Singapore.
He will penalise those banks very heavily not compliance with rules, especially those bank employees are solely from South Asia. As waiting for MOM to investigate is too slow, he wants to act now to show he really meant it not NATO.
Let wait how he materialise Singapore core in short period of time, as an usual efficient man in charge
 

JohnTan

Alfrescian (InfP)
Generous Asset
I think MAS chief Menon is now looking into the nationality of PMET employed in all our banks in Singapore.
He will penalise those banks very heavily not compliance with rules, especially those bank employees are solely from South Asia. As waiting for MOM to investigate is too slow, he wants to act now to show he really meant it not NATO.
Let wait how he materialise Singapore core in short period of time, as an usual efficient man in charge

PAP is wise in sending chettiar to deal with brahmins. I hope the chettiar goes easy on the brahmins. They've helped our local banks grow so much over the past 20 years.
 
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