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GIC and Temasek

I am in the industrial field day in and out dealing with almost 80% WP, SP and EP from all over. But my Singaporean graduate friends mostly out of job, why? Simple, they have to pay more, even if they ask for the same pay, employer's mind thinking is they are not for long.

As long as there is option for cheaper workforce and outsider who wants to be here with mean packages, it's deal. The end result is more people coming to share the same size of cake.

 

MANAGEMENT LOCALISATION 

REVERSAL in New Millennium

? ? ? ?

In the 70s,  Top and Middle Management positions were taken by EXPATRIATES.

Over the 80s, there was the MANAGEMENT LOCALISATION PROGRESS to reduce EXPATRIATE OVERHEAD.

Progressively, C-Tier and M-Tier positions were filled by local Singaporeans.

SUDDENLY, in the New Millennium,  there is a TOTAL TREND REVESAL back to the 70S.

Local  Singaporean faces are now MiSSiNG at the C-Tier and M-Tier appointments.

WORST STILL,  even Local  Singapore Enterprises  STARTED  REPLACING  C-Tier and M-Tier appointments  TRADITIONALLY  HELD  by  LOCAL SINGAPOREANS  with  FOREIGN  EXPATRIATES.

Is  this a  PROGRESSION  or  DEGRESSION  or  DISGRESSION

of  LOCAL SINGAPOREAN  MANAGEMENT  TALENT  DEVELOPMENT  ? ? ? ?

 

Tripartite Labour movements over 45 years still iMmatured ? ? ? ?

Over 45 years, have not developed TRUE Labour Leaders ? ? ? ?

TRUE  Labour Leaders must be from the LABOUR RANK & FILE ? ? ? ?

They must RiSE from the bOttOm [if not HELL] ? ? ? ?

illogical for Labour Leaders to DESCEND  from  MANAGEMENT  [if not HEAVEN]  ? ? ? ?

sEEms  like there is NO  LOCAL  Labour Leaders ? ? ? ?

may  be  should CONSIDER IMPORTING  FOREIGN  TALENT  as  Labour Leaders  ? ? ? ?

After all, the Foreign Labour Component is now HUGE ? ? ? ?

 

Our PM Lee said to be keen to bring in another 100,000 FT pax, then what happen to this...

Wage increase likely to be better than previous year, says Mr Lim Swee Say

"We received feedback through our union leaders that some of the workers are finding this overtime becoming too excessive.  When we talk about improving productivity, we're not talking about getting workers to work longer hours, because that is not sustainable. So we have to find ways to work smarter, in a more productive manner, so that higher output need not necessarily be done at the expense of the work-life balance."

teeth53 thot - What does it mean to all ?, they come another 100,000 workers.

It mean this - 42 per cent of elderly workers earn less than $1,000

teeth53      ( Date: 19-Jul-2010 09:57) Posted: And this. Finance Ministry. Mr Tharman target to bring us by 10 years time, everyworkers more $$$. just wondering how he can get it a done job or I can only imagine becoming a richer ministry. and this.....mean This means that 42 per cent of elderly workers earn less than $1,000. Let hope for the best w/o us making effort. it won't work either. teeth53      ( Date: 19-Jul-2010 09:52) Posted: According to the Ministry of Manpower, for workers aged 55 and above, 18,600 earn gross monthly income of under $500, 64,000 earn less than $1,000, and 46,400 earn below $1,500. This means that 42 per cent of elderly workers earn less than $1,000. teeth53 thot - Just wondering FM Tharman target, to rise more $$$ to S$3,100/- for workers ?

 

In Sinjiapor. Go out to every corner, one can see and meet PRC gals / boys.

Just wondering will PM Lee bring another 100,000 pax, just say each S$2 millions.

Another $200 Sing billion in the bag.

alexchia01      ( Date: 20-Jul-2010 14:49) Posted: Ha ha ha... I've the same encounters too. out-of-the-box      ( Date: 20-Jul-2010 14:40) Posted: I travel rather frequent to western countries and often people there ask me where I am from and with my answer "Singapore", they will ask me again "Is Singapore part of China?"

 

Many are from Tungsun India and many, many more from Tungsun, PRC-China, not surprising. Something like that, oni state in S.E.A. promoting Mandarin as official language

alexchia01      ( Date: 20-Jul-2010 14:49) Posted: Ha ha ha... I've the same encounters too. out-of-the-box      ( Date: 20-Jul-2010 14:40) Posted: I travel rather frequent to western countries and often people there ask me where I am from and with my answer "Singapore", they will ask me again "Is Singapore part of China?"

 

The main issue is . . .  Do you mind it?

out-of-the-box      ( Date: 20-Jul-2010 14:40) Posted: I travel rather frequent to western countries and often people there ask me where I am from and with my answer "Singapore", they will ask me again "Is Singapore part of China?"

 

Ha ha ha... I've the same encounters too.

out-of-the-box      ( Date: 20-Jul-2010 14:40) Posted: I travel rather frequent to western countries and often people there ask me where I am from and with my answer "Singapore", they will ask me again "Is Singapore part of China?"

 

I travel rather frequent to western countries and often people there ask me where I am from and with my answer "Singapore", they will ask me again "Is Singapore part of China?" 

 

Is that smartly "suka suka" strategy?

pharoah88      ( Date: 19-Jul-2010 11:25) Posted: Management can increase own pay. is this logical ? ? ? ? SCAM ? ? ? ? FRAUD ? ? ? ? Management pay should be approved by SHAREHOLDERS at EGM ? ? ? ? Management appointment should be by PUBLiC  OPEN TENDER and AWARDED to  lowest  BiD on specfied Terms and Conditions ? ? ? ? Isolator      ( Date: 19-Jul-2010 09:18) Posted: The only way I see is to cut the top executive pay by 40%. They are overpaid for the least responsibility job. Their pay cut can bring in more capital to lower wages worker and also have more good quality projects too. But... no top people will want to see their own pay cut... Got to wait for the serious global crisis that last many years in order to see this happen... lol..

 

Are they brothers?

teeth53      ( Date: 20-Jul-2010 09:40) Posted: and now....AIA Vs Pru AIA's MArk Tucker and Prudential's Tidjane Thiam are likely to become big rivals Photo: Rex Features/Jane Mingay teeth53      ( Date: 28-May-2010 18:24) Posted: and this......teeth53 thot - Where will they Prudential, will to get their hands on those money to pay ?. Was thinking it has to help themself or trying to save themself ??. meanwhile Just wondering GIC is GISick or not ? and or Temasek is Temasick is invlove or not ??. I am pretty sure they do, then is shit liao. another short term for long term story.  And this...... Hope. U know what i mean for reading here. the same flock and she (PM wife), he is as Adviser and President of Temasick holding. She flocking to Temasick, so is he, seeking pot of gold. Posted 20 Feb, 2010-teeth53: Was thinking about Temasick Holding offering bonds and this Trouble here is...YES..the rest cannot say NO and if...A big if we depend just on one man, then we are dead liao...luck is with us as we still has a as many top talented 1st class rated (some retrired, afew is gone) running outside of the inner circle...to prop up a few "Yue Luo Yue Hu Too" type and this.....He needed badly Dr GKW around, but alas....is belate only. All the following needed him badly...I can only see S'pore w/o him going slowly into a melting golden pot. 28-Apr-2010 21:05 The world financial community is watching our dear Singaporean SWF, is important to us, for we do not want to becoming a 2nd Greek heavyly in debt.

 

and now....AIA Vs Pru

teeth53      ( Date: 28-May-2010 18:24) Posted: and this......teeth53 thot - Where will they Prudential, will to get their hands on those money to pay ?. Was thinking it has to help themself or trying to save themself ??. meanwhile Just wondering GIC is GISick or not ? and or Temasek is Temasick is invlove or not ??. I am pretty sure they do, then is shit liao. another short term for long term story.  And this...... Hope. U know what i mean for reading here. the same flock and she (PM wife), he is as Adviser and President of Temasick holding. She flocking to Temasick, so is he, seeking pot of gold. Posted 20 Feb, 2010-teeth53: Was thinking about Temasick Holding offering bonds and this Trouble here is...YES..the rest cannot say NO and if...A big if we depend just on one man, then we are dead liao...luck is with us as we still has a as many top talented 1st class rated (some retrired, afew is gone) running outside of the inner circle...to prop up a few "Yue Luo Yue Hu Too" type and this.....He needed badly Dr GKW around, but alas....is belate only. All the following needed him badly...I can only see S'pore w/o him going slowly into a melting golden pot. 28-Apr-2010 21:05 The world financial community is watching our dear Singaporean SWF, is important to us, for we do not want to becoming a 2nd Greek heavyly in debt.

 

Our darling FM lah !

pharoah88      ( Date: 19-Jul-2010 11:20) Posted: WHiCH  shinning BALD  HEAD ? ? ? ? There are sO many . . . . Also,  sOme  shinning BALD  HEADs cannOt be sEEn because of wIg . . . . boyikao3      ( Date: 02-Jul-2010 23:48) Posted: I think u should get that shiny bald head to read this !

 

After all Singapore will not be "TODAY" without GIC and TEMASEK, I presume!

pharoah88      ( Date: 19-Jul-2010 11:25) Posted: Management can increase own pay. is this logical ? ? ? ? SCAM ? ? ? ? FRAUD ? ? ? ? Management pay should be approved by SHAREHOLDERS at EGM ? ? ? ? Management appointment should be by PUBLiC  OPEN TENDER and AWARDED to  lowest  BiD on specfied Terms and Conditions ? ? ? ? Isolator      ( Date: 19-Jul-2010 09:18) Posted: The only way I see is to cut the top executive pay by 40%. They are overpaid for the least responsibility job. Their pay cut can bring in more capital to lower wages worker and also have more good quality projects too. But... no top people will want to see their own pay cut... Got to wait for the serious global crisis that last many years in order to see this happen... lol..

 

Management can increase own pay.

is this logical ? ? ? ?

SCAM ? ? ? ?

FRAUD ? ? ? ?

Management pay should be approved by SHAREHOLDERS at EGM ? ? ? ?

Management appointment should be by PUBLiC  OPEN TENDER and AWARDED to  lowest  BiD on specfied Terms and Conditions ? ? ? ?

Isolator      ( Date: 19-Jul-2010 09:18) Posted: The only way I see is to cut the top executive pay by 40%. They are overpaid for the least responsibility job. Their pay cut can bring in more capital to lower wages worker and also have more good quality projects too. But... no top people will want to see their own pay cut... Got to wait for the serious global crisis that last many years in order to see this happen... lol..

 

WHiCH  shinning BALD  HEAD ? ? ? ?

There are sO many . . . .

Also,  sOme  shinning BALD  HEADs cannOt be sEEn

because of wIg . . . .

boyikao3      ( Date: 02-Jul-2010 23:48) Posted: I think u should get that shiny bald head to read this ! pharoah88      ( Date: 28-Jun-2010 15:27) Posted: New Australian PM Gillard BUSTED the MYTH that population growth is the panacea to National Growth. Population is no no to National Prosperity UNLESS everyone of the lower 50%  percentile population has increasing annual income over and above the annual inflation rate plus the bank prime rate. Otherwise, population growth is equal to citizen poverty growth. DON'T be SWEPT OFF by the average Per Capital Income. Increasing average PCI is nOt equal to Growth in  individual citizen's person annual income. All average Statitics are SCAM because the figures are nOt suppOrted by TRUTH in the LIFE of the citizens.

 

The global trend will be that way . . . . . . . . Human resources will be inflated from year to year till next 10 years!

teeth53      ( Date: 19-Jul-2010 09:52) Posted: According to the Ministry of Manpower, for workers aged 55 and above, 18,600 earn gross monthly income of under $500, 64,000 earn less than $1,000, and 46,400 earn below $1,500. This means that 42 per cent of elderly workers earn less than $1,000. teeth53 thot - Just wondering FM Tharman target, to rise more $$$ to S$3,100/- for workers ?. Hulumas      ( Date: 19-Jul-2010 08:55) Posted: Be humble, always think of other's ability, do not praise of yourself

 

After election, they will forget about this... they will only remember to increase Top management team pay to record high again... lol...

 

Just sharing my thot - Income gap will continue to widen.

 

And this. Finance Ministry. Mr Tharman target to bring us by 10 years time, everyworkers more $$$.

just wondering how he can get it a done job or I can only imagine becoming a richer ministry.

and this.....mean

This means that 42 per cent of elderly workers earn less than $1,000.

Let hope for the best w/o us making effort. it won't work either.

teeth53      ( Date: 19-Jul-2010 09:52) Posted: According to the Ministry of Manpower, for workers aged 55 and above, 18,600 earn gross monthly income of under $500, 64,000 earn less than $1,000, and 46,400 earn below $1,500. This means that 42 per cent of elderly workers earn less than $1,000. teeth53 thot - Just wondering FM Tharman target, to rise more $$$ to S$3,100/- for workers ?. Hulumas      ( Date: 19-Jul-2010 08:55) Posted: Be humble, always think of other's ability, do not praise of yourself