He also feels strongly about grooming a new batch of Singaporean bankers who can helm the top jobs. As newly minted Manpower Minister Lim Swee Say said recently, one of the key areas in his new role is to nurture a core group of Singaporean workers....
A TOP banker has some advice for Singaporeans on the thorny question of hiring locals versus foreigners in the highly competitive financial sector. UBS Singapore country head Edmund Koh notes that at one time, foreigners were preferred when the Republic was developing as a financial centre.
This sinaporan banker did not understand that in the island, there are now 2 types of sinaporan, those born and raised in the country and those foreigners parachuted or imported from elsewhere into the island.
Do you groom those local sinaporan or the imported sinaporan for the top job? Local sinaporan are home bred where the island is their home. If sinapor sinks, they sink too. To the imported sinaporan, if sinapor sinks, they can always go back to wherever they came from.
Added to this mess is the pappies' policy of treating the SPR as if they are also sinaporan when it comes to applying for jobs. The pappies are too dumb to understand the SPRs are foreigners who are in the island for the jobs and the good life and will pack up and flee if the island becomes another Greece.