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Re: Association of Small and Medium Enterprises hits out at Workers' Party population
hi! usually those foreign companies come SG will bargain with gov for favourable conditions.
those smart ones will ask to buy lands and built their own buildings with a lot of freebies. (tax exemptions etc.)be it offices or warehouse.
after a few years of doing business here, will rent it out or even sell it to reits, rent it back and start to down scale the operations here.
they will make a tidy profit from the real estate compare the core business over years in sg.
business are profiteering from real estate in sg rather than the core business due to the rising land cost and rental by the land owner(gov=pap) and biggest landlord (GLC).
A strange and puzzling question
Why would Indian companies want to set up business in Singapore and incur all the high costs, wages, rentals, living expenses, business expenses etc etc while at the same time employing mainly Indian FTs from India? (This issue is also applicable to Chinese companies or companies of any third world country when the cost is cheaper, if they also bring in the whole village and the schools here). Would it be more cost effective to locate in India and enjoy the comparative and competitive advantages vis a vis a set up here? I can understand if they are here to tap on the skilled local workforce. But they are not. They are bring their own workforce here.
One possible reason, they are getting their businesses right here and earning higher revenue to pay for the higher costs. A second possibility, if it is a western MNC, the cost is borne by the MNC and if they could keep the bottom line healthy, no one is complaining. A third possibility is to occupy Singapore and eventually turn it into another India city with Indians becoming a majority in the island.
What else could be a good reason for the Indian FTs to relocate schools, lock, stock and barrel to Singapore, and pay for all the higher expenses when the same business/school can remain in India at a fraction of the cost? The schools are run entirely by Indian teachers, Indian curriculum and Indian students. How many Indian schools are here and how many Indian FTs are here and how many are accompanied by their entire extended families?
It was reported that there are now 200,000 Indian PMETs here and growing. How many are exactly here including their dependents and how many have become citizens and not in the statistics? The percentage of Indians has risen by 2% or 66,000 from a citizen population of 3.3m.
If the whole population of residents, including PRs and EPs and WPs, were to be considered, what is the distribution of the different racial groups? Aided by the CECA and FTAs, are there bigger political and strategic objectives for foreigners to be moving into this island particularly for the two big countries like China and India?
Anyone got any statistics on this?
Posted by Chua Chin Leng aka redbean at 8:50 am
hi! usually those foreign companies come SG will bargain with gov for favourable conditions.
those smart ones will ask to buy lands and built their own buildings with a lot of freebies. (tax exemptions etc.)be it offices or warehouse.
after a few years of doing business here, will rent it out or even sell it to reits, rent it back and start to down scale the operations here.
they will make a tidy profit from the real estate compare the core business over years in sg.
business are profiteering from real estate in sg rather than the core business due to the rising land cost and rental by the land owner(gov=pap) and biggest landlord (GLC).