SG is opening the doors for thousands of CECA talent
- Thread starter LITTLEREDDOT
- Start date
just pee on these fuckers. i fuck them loudly even in their own territory. These fuckers are cry babies. They have no balls. very fast to call police
- Joined
- Oct 15, 2023
- Messages
- 12,135
- Points
- 113
Judging on the amount of time these CECAs spend in the pool w/o a toilet break, they all must be peeing in the water.
- Joined
- Jul 22, 2013
- Messages
- 11,576
- Points
- 113
Scoot is going to hire 100 ceca pilots. Sinkies will get their cpfs very soon
- Joined
- Jul 25, 2008
- Messages
- 14,381
- Points
- 113
Standard Chartered cuts jobs in Singapore; moves them to India: Finance jobs portal
The bank had previously cut about 100 jobs across its Singapore, London and Hong Kong hubs in November 2024.ST PHOTO: KELVIN CHNG
Sharon Salim
Jun 18, 2025
SINGAPORE - Dozens of staff at Standard Chartered have reportedly been laid off in Singapore in a fresh round of job cuts by the London-based bank.
The move affected about 80 Singapore-based employees – understood to be from the bank’s technology and operations teams – with their jobs being offshored to India, according to finance jobs portal efinancialcareers.
In a website article published on June 12, the global financial services company noted that “sources at the bank in Singapore said the 80 jobs currently being offshored to India are likely only the start”.
“Singapore remains a critical centre for their global businesses and technology and operations teams,” a StanChart spokesman said when contacted by ST, without providing details such as whether the job cuts are part of the bank’s plan to save costs in a bid to return capital to shareholders.
“We continually look to enhance our operations to serve our clients better. As a global firm, we maintain a dynamic blend of world-class local talent in our key markets, including Singapore, and leverage the multi-disciplinary expertise housed in our global business service hubs,” he added.
The bank, which makes most of its money in Asia and the Middle East, is in the midst of a corporate cost-saving programme called “Fit for Growth” as it aims to return US$1.5 billion (S$2 billion) more to shareholders. It reported fourth-quarter earnings that beat estimates in February 2025.
The bank had previously cut about 100 jobs across its Singapore, London and Hong Kong hubs in November 2024. This was part of the Asia-focused lender’s plan to cut costs by more than US$1 billion (S$1.35 billion) through 2024.
StanChart’s head office in Singapore is at Marina Bay Financial Centre, with a network of 11 branches and over 30 ATMs islandwide.
A check on StanChart’s job openings on its website showed that the bank is still hiring for over 60 Singapore-based roles in areas ranging from operations to marketing and business development. Tech positions, such as infrastructure engineers and those related to digital products, are still open.
The job cuts follow other global banks that have made reductions to their workforce, including DBS, which had communicated its intention to reduce its contract and temporary staff by around 4,000 over the next three years as artificial intelligence increasingly takes on roles carried out by humans.
Meanwhile, HSBC had also announced a restructuring process in October 2024 that was expected to lead to job cuts, mainly involving those in senior roles to reduce duplication. HSBC Singapore was not able to comment on the number and type of senior management roles it has here, then.
The financial sector’s contribution to Singapore’s gross domestic product has grown from 12.5 per cent in 2018 to 13.8 per cent in 2024, with a workforce of close to 200,000 here.
- Joined
- Jul 25, 2008
- Messages
- 14,381
- Points
- 113
S’pore must manage new arrivals with utmost caution, but also stand firm against nativism: SM Lee
Senior Minister Lee Hsien Loong at a dinner hosted by the Singapore Indian Development Association and 14 other Indian community organisations on Jan 11. ST PHOTO: AZMI ATHNI
Anjali Raguraman
Jan 23, 2025
SINGAPORE - Singapore relies heavily on immigrants and foreign workers – who raise political sensitivities in many societies – to top up its population base and talent pool, said Senior Minister Lee Hsien Loong.
The inflow and integration of new arrivals must therefore be managed with the “utmost sensitivity and caution, to ensure the flows are balanced and sustainable”, noted SM Lee.
“But we must also stand firmly against nativism and xenophobia, and welcome the new arrivals to become part of our extended family,” he said in a speech at a dinner hosted by the Singapore Indian Development Association (Sinda) and 14 other Indian community organisations on Jan 11.
SM Lee said Singaporeans should help these new arrivals adapt progressively to the way things are done here, and to the country’s social norms and ethos. It is an ongoing process that takes time, but gradually they will integrate into the local community, he added.
“This is how earlier generations became Indian Singaporeans, and it will happen with this generation, and with new arrivals from other groups and places too,” he said.
This is how the Singaporean identity can be sustained and enriched, and the way to build a cohesive and inclusive society that is “connected to the world, strengthened and not divided by our diversity”, he said.
SM Lee was addressing around 2,000 guests, including Cabinet ministers, MPs, Indian leaders and volunteers who attended the appreciation dinner at Marina Bay Sands’ Sands Grand Ballroom.
A tribute video was screened, and organisers gifted him intricately designed elephant sculptures as a token of appreciation for his support for the Indian community during his tenure as Prime Minister from 2004 to 2024.
SM Lee said the Indian community has progressed with the nation, and made considerable contributions in many fields.
While the community may be small, it has played a full role in Singaporean society and worked with other communities to contribute in many ways, he added.
This shows the success of Singapore’s multiracial model, which has created full and equal opportunities, a harmonious society and better lives for all, including the minority communities, SM Lee said.
He acknowledged the migrants from many parts of the Indian subcontinent – including Tamils, Malayalees, Telugus, Sindhis, Punjabis, Bengalis and Sinhalese – who came to modern Singapore in its earliest days in search of a better future, and who formed part of the Singapore story.
“These different groups sank roots here, formed bonds with one another, and out of this kaleidoscope of backgrounds, there gradually emerged a distinctive and proud Singaporean Indian community,” he said.
Ms Indulekha, a volunteer with the Malayalam Language Education Society, handing SM Lee Hsien Loong a flame to light a vilaku, or traditional oil lamp, on Jan 11.ST PHOTO: AZMI ATHNI
SM Lee said the Singaporean Indian community is flourishing, benefiting from the efforts of self-help community organisations, such as Sinda, and the People’s Association’s Indian Activity Executive Committees Council, or Narpani Pearavai.
Cheques of $150,000 each were presented to the Singapore Indian Education Trust and Sinda during the dinner.
The community organisations can do good work because of the strong support of many selfless volunteers, he said, noting that their ranks include those who have moved to Singapore only recently.
Some have become permanent residents or citizens, while others are here temporarily, for school, family or work.
Regardless, they should be applauded for willingly stepping up to volunteer, said SM Lee, noting that this new crop comes from a wider range of backgrounds and places than earlier generations of Indian immigrants.
They add vibrancy and dynamism to Singapore’s Indian culture, and thus are contributing to the community and the country, he added.
The strength of the Indian community here has enabled it to reach out confidently to the rest of the world, SM Lee said, noting that Singapore has developed a healthy and extensive relationship with India and other countries in the subcontinent.
The Comprehensive Economic Cooperation Agreement (Ceca) with India has helped to foster extensive trade, investment, and travel links between the countries, he said.
“Many Indian companies have set up in Singapore to serve the region, while many local Indian businesses have successfully forayed into the Indian market,” he added.
“India is growing, and on the move,” said SM Lee, with Singapore seeing many opportunities to expand cooperation on several fronts such as bilateral trade, skills training and fintech, alongside exploring fields like healthcare, as well as digital and green economies.
“Singapore has a good brand name in India, and we have enjoyed very good ties with successive Indian governments,” he said, urging the Indian business community to make the most of these advantages.
- Joined
- Oct 15, 2023
- Messages
- 12,135
- Points
- 113
The SG Govt under LHL has already welcomed a Trojan Horse into our country. Yet he talks about managing new arrivals with caution. Just stop anymore CECAs from entering SG because true blue S'poreans cannot find white collar work these days.
J
Just look at the latest employment data released by MOM, so many more jobs were given to foreigners than local!
Is this considered as patriotic?
