Minister Tharman should get his facts straight on Taiwan....

[Confuseous]

Using Taiwan to justify Singapore's large foreign influx is wrong and Minister Tharman better start getting his facts straight otherwise he loses more credibility. His earlier assertion that people earning $1000 can own a HDB flat has raised many eyebrows and fallen flat under close scrutiny.

For those in the electronics sector, hearing a Singapore minister say that Taiwan will lose its competitive edge globally sounds ridiculous. Why? Singapore has lost to Taiwan competitively in almost all areas in the electronics industry. Temasek owned Chartered Semi-con took in billions in taxpayers' and shareholders money but lost out to Taiwanese competitors like UMC and TSMC. Chartered was later sold off to a foreign company. Chartered Semi-conductor hired "foreign talents" massively at all levels -from the CEO all the down to production engineers while TSMC & UMC hired mostly Taiwanese except in a few selected posts. If Tharman's theory is true that we have become more competitive by importing foreign talent, how did we end up losing so badly in the head on competition in the semiconductor industry? Today, Taiwan holds its own against much larger countries in the electronic sector - many of their companies are truly world class - HTC, Acer, Asus, Via Technologies, Realtek etc. After importing so many "foreign talents" into the electronics sector to make us 'competitive' , where do we stand today vs Taiwan?

Tharman again cites nominal income as a measure of govt success. But we know that too many tricks can be played with this number. A country can raise GDP and nominal income by importing rich individuals to bump up the number without benefiting their own citizens[Link].

- http://singaporemind.blogspot.com/2012/04/tharman-should-get-his-facts-straight.html

 

[ginfreely]

Using Taiwan to justify Singapore's large foreign influx is wrong and Minister Tharman better start getting his facts straight otherwise he loses more credibility. His earlier assertion that people earning $1000 can own a HDB flat has raised many eyebrows and fallen flat under close scrutiny.

For those in the electronics sector, hearing a Singapore minister say that Taiwan will lose its competitive edge globally sounds ridiculous. Why? Singapore has lost to Taiwan competitively in almost all areas in the electronics industry. Temasek owned Chartered Semi-con took in billions in taxpayers' and shareholders money but lost out to Taiwanese competitors like UMC and TSMC. Chartered was later sold off to a foreign company. Chartered Semi-conductor hired "foreign talents" massively at all levels -from the CEO all the down to production engineers while TSMC & UMC hired mostly Taiwanese except in a few selected posts. If Tharman's theory is true that we have become more competitive by importing foreign talent, how did we end up losing so badly in the head on competition in the semiconductor industry? Today, Taiwan holds its own against much larger countries in the electronic sector - many of their companies are truly world class - HTC, Acer, Asus, Via Technologies, Realtek etc. After importing so many "foreign talents" into the electronics sector to make us 'competitive' , where do we stand today vs Taiwan?

Tharman again cites nominal income as a measure of govt success. But we know that too many tricks can be played with this number. A country can raise GDP and nominal income by importing rich individuals to bump up the number without benefiting their own citizens[Link].

- http://singaporemind.blogspot.com/2012/04/tharman-should-get-his-facts-straight.html

Ever watched a Taiwan program that mentioned their health care system takes care of kidney dialysis. Spore? Kidney dialysis is either self paid or fall under the responsibility of charity sector.