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These companies aren't here for the local workers. They're merely taking advantage of our lucrative tax structure and also the ability to have free and unfettered access to cheap, plentiful foreign labour. Sure, they could have set up shop in another low cost country, but over here they can make full of of the infrastructure which is funded by taxpayer dollars as well as the rules which are written heavily in their favour. Here, there are also no unions to protect worker rights and CUNT is only too happy to be in cahoots with them to please their PAP masters.
The boosting of GDP growth can also be used to maintain high public sector and ministerial salaries. Its a win win situation for the political and economic elites.