7/14/2015

Singaporeans better in banking jobs


13 Jul 15, a Business Times article by Fiona Lam reads, ‘Banks in Singapore act to deepen local talent pool’. I am delirious. I think I might end up in IMH after reading the content and the comments made by the respective drones in HR. Why was Tharman talking about building a Singaporean core in banking and finance? Yes, you know the answer. For the last couple of decades, these drones could not find Singaporeans worthy of banking and finance jobs. So they went all out to hire foreigners, fakes and cheats also can, you can bet there are plenty of them entrenched in the banks.  Today, after all the kpkbs in the social media, they finally acknowledged that they had shortchanged and sold out the Singaporeans by replacing them with foreigners in this vital industry. Singaporeans were not talented, no skills set, in other words unfit to be bankers. Bloody hogwash!

Now you know what I am getting mad at? Listen to these drones and their comments. Oh, they are all starting to recruit Singaporeans to build a Singaporean core in banking and finance since yesterday. Wait a minute, aren’t they taking a big risk hiring untalented Singaporeans for banking? If Singaporeans are no good, (how can they be good overnight?) they must not be recruited into the industry just because we want a Singaporean core. They must be recruited based on  meritocracy, not nationalities. Are they not taking a big risk, compromising the interests of the banks? Who built OCBC, UOB, OUB, Tat Lee Bank, Chung Kiaw Bank and all the local banks? Not Singaporeans right?

Ok, here is one comment by a ‘Neil Clark, director of finance job site efinancialCareers, hiring managers here are showing a preference for local manpower. “This is because local candidates have a solid understanding of the operating environment and business culture, and are lower risk hires in the long term.” ‘ Wow, wow, say that again? Is he mad or what is he smoking? Are you telling the truth or you just discover the truth, that Singaporeans are better hires? Then why were the banking industry hiring foreigners in the last two decades instead of Singaporeans leading to this ugly and pathetic state that required govt intervention?  What cock?

JP Morgan’s de Josselin said, ‘wherever possible, it prefers to hire Singapore citizens and permanent residents.’ Pardon, me, who were JP Morgan hiring in the last two decades, Singaporeans, PRs or foreigners? How many Singaporeans are there in the bank versus foreigners?

Here is another one, ‘Theresa Phua, Singapore head of human resources at DBS, said homegrown staff also have a wider network and connect better with local clients.’  Ooooh, how come I dunno?  Thank you for saying that. Many people need to be educated on this, including the govt and CEO’s of banks and their top management. And here is the catch. ‘DBS has been recently focusing on local manpower…’  Recently? What was DBS hiring before recently focusing on local manpower? Why recently? How recent?

‘At Credit Suisse, the proportion of Singaporean staff has grown steadily over the past three years, said Lito Camacho, the bank’s vice chairman for Asia Pacific.’ So things are starting to change only in the last three years.  By the way, more than 70% of its employees are Singaporeans and PRs. Oh, how many are Singaporeans and how many are PRs? Can tell or not?

Why the volte face? Why the sudden interest in Singaporeans? As they said, the horse has bolted and they are trying to close the door to the barn. After two decades of damage due to reckless discrimination against Singaporeans, and a generation lost, the drones are droning a different tune. What would happen if Tharman had not spoken about a Singaporean core? Would it still be foreigners good, Singaporeans no good. Foreigners talented, got skills set, Singaporeans untalented, got no skills set? Is this another election gimmick to appease the angry Singaporeans?

My head is spinning and my eyes are rolling. What is happening? I must be having too much intoxicant? I am now in Alice’s Wonderland.

PS. Which bank wants to employ me, a true blue Singaporean, just to vet and clear the deck of fake degrees and degree mills? My biological age is 45 as fit as any 45 year olds.

22 comments:

agongkia said...

//Which bank wants to employ me//....
Have lah.But dun complain Sai Kang or whatever. Above 45 oso can.
My neighbourhood bank create jobs by getting 2 lau aunties to stop customers from getting queue numbers.
And they teach you how to sms them before your arrival to the bank.
Your problem if no handphone or unable to call to get queue no.
Battery weak cannot show queue no. the teller will use their discretion to see whether you csn be trusted before serving you.
Must act as bortartcheh ah pek or ah soh ah lian ah huay then they give you q no.
You only need to jaga the q machine with your partner.
Such Banking job suits you.

Anonymous said...

Rb: "the horse has bolted and they are trying to close the door to the barn"

The Chinese have similar phrase:

"亡羊补牢"

Mending the broken fence after the goats are gone!

Anonymous said...

This shows that the elections are very near. Very, very near.

Sinkie opposition, are u ready? I mean ready for the elections lah, not ready to be govt.

Anonymous said...

This horse bolted, "亡羊补牢" (incompetent ) phenomenon is not only happening in the banking and financial industry but in several other aspects such as the education system, TFR, FW policy, MRT/ public transport system, law and order .......

The decline probably started after TCC was "forced to step down" in 1980, GKS in 1984 .......

A trickle became a huge leakage and subsequently a floodgate after "老羊" became the "puppet" in 1990 ......

The past 30 years since 1985, but especially past 25 years since 1990, have been a constant decline yet they were asking for higher pay and more and more bonuses each passing year ( 20 or more months bonuses annually ).

Just like the PRC dysfunctional inflated stock market with many caps in 3-digit PE ratios in recent months, such happenings and inflated balloon situations CANNOT continue unabated without a nasty burst or implosion.

Without dramatic reversal in nation-debilitating policies, at best, Sinkieland may find itself slipping back to a 3rd world basket case in another generation.

The worst case situation may be too gloomy and depressive to be uttered ......

Good Luck!

Anonymous said...

Which bank wants to employ me, a true blue Singaporean...My biological age is 45 as fit as any 45 year olds.
RB

Hahahahaha. The above alone will qualify hundreds of thousands of true blue Singaporeans. Are there that many jobs in the bank, including toilet cleaners?

Anonymous said...

Rb // PS. Which bank wants to employ me, a true blue Singaporean, just to vet and clear the deck of fake degrees and degree mills? My biological age is 45 as fit as any 45 year olds. //

Wow!

To siff through the fake documents, a whole new occupation needs to be created ......

This cancerous growth and cancer is not small in sinkieland. ......

And it doesn't sound like it is in its early and higher chance curable stage ......

病入膏肓?

The cancer sounds like in the 3rd or even terminal stage ......

还有救吗?

Any chance of a recovery from this cancer or cancerous growth allowed to fester to this late stage ....?

Chua Chin Leng aka redbean said...

The silly IBs are trying very hard to save the last drop of shit before the diarrhoea going to hit their faces. They still think it will not hit them and things will be fine.

Anonymous said...

When 'erections' are very near, everything they say pleases the ear. Because in every 'erection' the next thing that follows is 'loveplay' and finally 'orgasm'. I like it.

Anonymous said...

"Singaporeans better in banking jobs"
------------------------------------
wah! It's a miracle!
we suddenly "discover" this just before the General Elections.
So many miracles just before GE 2015.

Q: How to ensure such miracles continue after GE 2105?
A: I know. I know. I vote more Opposition into parliament.

More Opposition MPs ensures we have a loyal patriotic core of Singaporeans in parliament.

Anonymous said...

But I hope, as per normal, we do not drag in 'teochew ah hia' and 'hylam ah kor' into the banking jobs discussion because they are not ready to form the next government.

Anonymous said...

But I hope, as per normal, we do not drag in Toothpick Say Swee Swee and Kee Chiu Ah Seng into the banking jobs discussion because they were never ready to stand up for Singaporeans at anytime during their political life.
True or not?
Fair or not?

Virgo 49 said...

Whether form the government or not is irreverent.

As long as got members to ask what is this, what is that???

See even coming maybe no more PM got to answer NMP question.

Anonymous said...

RB
You can be driver for the CEO. If DBS accept you, you must reject their job offer because the CEO is FT. You can apply UOB, at least, its local CEO, but not really also since father came from China.
Or security guard.
Or Company photographer

I think its better you stay where it is now lah. It suits you and like it anyway.

Anonymous said...

MOM should engage RB to set up a new dept to check on fake degrees and degrees from degree mills. This is a massive exercise.

Lim Swee Say, want or not?

Anonymous said...

Still on financial but 2 other financial centres and major stock exchange markets, after 3 trading sessions of interventions since last Thursday 10 Jul 2014, today HSI down > 200 and SHI down abt 50 as of 2pm, 14 Jul 2015. What will the future forestall given current apparent malaise?

2016 is Taiwan PE.

Ma's pro-unification KMT is expected to lose by a "landslide" as of current dynamics. ....

DPP is a known pro-independence entity ......

Their current leader is Chairwoman Tsai Ing Wen.

Her opponent is likely KMT vice-chairperson Hung Hsiu Chu, precipitating an all-woman match up.

If DPP wins, severe "geo-political" headwinds might arise in NE Asia geo-politics ......

If DPP raises their "pro-independence war cries" during period of China's intense internal political "power struggle", financial "turmoil" and economic "upheavals" and neighbouring countries like the Japenis, PinoyLand and Vietnam joining in the " sabre-rattling " with the US possibly having also a potential all-woman match-up in their Nov 2016 PE, NE Asia and Asia as a whole might be going into a turbulent period in 2016/ 2017 and even beyond. .....

How would the Xi-Li-Wang axis response and react in the midst of acute undercurrents internally on several fronts?

Sinkieland may be behind the curve in preparation for any geo-political turmoil or upheaval. ......

Should the aristocrats be so fixated with hawker centre ceiling cleaning, Teochew Ah Hia, an early 30+ young man or a 16-year old teenager ...... ?

Should they not focus on the proper "fixing" of the MRT frequent breakdowns, "3rd world standard" new BTO and DBSS flats, perennial pathetic TFR problem, employment issues, severe economic structural, competitiveness and long-term growth problems, chronically low productivity ....... etc etc?

Being a snort-size cuntry ( in the words of some Taiwanese writers ), Sinkieland could not and should not be oblivious to some potentially "dangerous" trends/ developments "brewing" in the horizon especially in the Asian Pacific/ South China Sea region .....

The current reactionary rather than pro-active stance of some aristocrats might prove fatal if there is a confluence of perfect storm external ( and internal ) factors.

Only time will tell .......

Good Luck!

b said...

It has nothing to do with nationality or race. There are bad and good ones everywhere, every race, every species etc. none is without flaws. none is perfect.

b said...

Anywhere, locals can easily become foreigners once they can fulfil migrants test of other countries.

Anonymous said...

Know why there is deliberate locals' banking destruction in past many years. Maybe so that no local talent, can surface at visible foreign banks' banking CEO jobs that be more talented then TOP ah leng TRADER, Mdm HOLE CHIN of Tummy very Sick. Ah girl, HOLE CHIN buy-high sell-low strategy repeated again successfully then had a huge stomach-stress-ache during Greet Ficknancial Crisis after buying Angmo tikuo banks shares very high and cut loss at bottom...wanted to quit...changed mind after market rallied....hahaha...mkt bailout courtesy helicopter Bernie. Sparetire sent back to down under. Ho chio....ho chio...ho say luio....ho say luio.

Anonymous said...

So easy meh? Try to become an Australian or an American and see?

Anonymous said...

Even big countries with small population have very stringent immigration policies. So, the irony is, a small peesai wants a big population but cannot cope with it. See the problems surfacing in housing, transportation and cost of living.

Those earning millions are not living with those problems. Those at the bottom are.

Anonymous said...

Anon 9:04,
Your suggestion of a banking job for RB is good. I got a better suggestion. How about banking your arse?

Anonymous said...

Eyes tuck stamp