The Singapore government has once again made efforts to debunk the misconceptions about the India-Singapore Comprehensive Economic Cooperation Agreement (CECA), this time in two Youtube videos explaining two “serious falsehoods” relating to CECA....
The first video, which was posted by the Gov.sg on Monday (23 Aug) as an “abridged version” of the video, started off with the fact that CECA is one of the 26 Free Trade Agreements (FTAs) that was signed by Singapore in 2005.
It revealed that the investments made by Singapore companies to India have grown to S$61 billion since the inception of CECA, of which these companies supported a total of 97,000 local jobs in Singapore as of 2019.
At the same time, Singapore gained help from Indian companies to boost its Infocomm sector.
Above quoted from an article, 'Singapore Govt produces Youtube videos to explain “serious falsehoods” about CECA' in the now banned TOC.
Singapore invested S$61b through CECA and this ended up supporting 97,000 jobs in Singapore. This type of argument 'sibeh heon' from sibeh clever millionaires. 97,000 jobs! If no CECA die leow. How to create 97,000 jobs in Singapore? Still scratching my head, pumped in S$61b in India and this created 97,000 jobs in Singapore? How ah? Only bone I want to pick is the word 'local' jobs. Local means not necessary to be Singaporeans. What if 90% of the local jobs go to foreigners, then how ah?
What are the companies that have created these 97,000 jobs? Those in Singapore's Chennai Business Park?
No need to worry about the details. This is put up by the government, so must be true. Sibeh heng ah, got CECA and got S$61b to invest in India. If S$61b invest in Singapore sure cannot create 97,000 jobs.
So, don't criticise or attack CECA. CECA creates jobs for Singaporeans, or is it locals? The feeling is so good for the locals. How many of the locals are Singaporeans? When they dared not count the Singaporeans, what did it mean?
10 comments:
When a justification sounds circular, looks circular and presented in a circular argument without proofs, without concrete, accountable and measurable evidences, it is just that. Circular!
It is like a novice Tai Chee kungfu student doing shadow boxing, trying to make use of the opponent's strength to counter-attack but backfired like a boomerang to hit himself right onto his numb skull head.
The investment of $61 billion was mainly made by Temasek Holdings and GIC. with a few Bandwagon private companies probably formed by PAP's cronies?
The 97,000 jobs are the employees of Temasek Holdings and its subsidiaries, as well as those directly or indirectly employed by the GIC, and probably also NTUC?
What this said is that Sinkieland without CeCa becomes BaiKa (cripple), true or not? Think is definitely untrue. The real cause is Someboli jus wanna gamble to win mah, so suss it up it mann..
Using official government deals for private enterprises. If this is not corruption, what is?
The ruling party is in denial. They make serious economic errors and decisions regarding CECA but because of their stubborn silly false ego they no matter what must argue their case disregarding the welfare and well being of Singaporean citizens.
Fools and idiots must not be allowsed to govern the island city.They are driving Singaporeans to the graves.Buddha please have mercy and help Singapore.
The criminals and their descendants will die of cancer and other incurable sicknesses one by one, without fail, in the years to come. This will be the retribution of their bad karma.
The local 97000 jobs created in Singapore by Indian investment must be for the the FTs from India. Goes without saying. If these created jobs have been taken up by Singaporeans, I am certain the 4G government will broadcast this fact loud and clear. The fact that there is no information on who the jobs have gone to, indicates that 90% of the jobs have gone to FTs from CECA. What do you think?
Singapore keeps 8th place in global innovation index
People often accuse me of bias because I never criticize the government in Singapore. As I explained many times, it would be a bit like criticizing Usain Bolt for not running fast enough. Perhaps he could have done 100m in under 9.50 seconds but I'm not in a position to preach how.
And here you have another example of just how well regarded Singapore's governance is abroad - from the Global Innovation Index published annually by World Intellectual Property Organization.
Now, I'm not big on rankings myself (since they tend to be arbitrary and very subjective), so we may treat it as just another "opinion". But in it, the people who have computed multiple different factors have come to the same conclusion: that Singapore boasts the best institutional environment in the world (scoring 95.1 out of 100) for business and innovation.
And its political environment - including government effectiveness - received a perfect 100/100 score.
So, really, I'm not the only one struggling to find fault with the city-state and its authorities. It is as good as it gets anywhere on this planet right now.
https://vulcanpost.com/763018/singapore-is-turning-covid-19-into-gold/?fbclid=IwAR0bvWbwqLFGfBQUFCwPqzwCB_Rp83m4_840Yaruc9VMEbuxAbessMFI1To
While the ongoing COVID-19 pandemic is a worldwide problem, it certainly does not affect all countries equally.
Remarkably, one of the places most dependent on international travel, trade and business — Singapore — not only appears to be among the least negatively impacted, but it is literally turning the crisis into gold (or at least money and golden business opportunities).
In the past few months, I have highlighted how the city-state has actually gotten richer, thanks to rapid appreciation of assets its vast reserves are invested in — yielding a net gain (even accounting for over S$50 billion in various pandemic relief packages) of a few hundred billion dollars.
But stock market inflation, triggered by loose fiscal and monetary policies around the world, is not the only positive outcome the virus has brought to Singapore.
As it turns out, Singapore’s carefully managed response to the pandemic — neither too strict nor too loose — is winning it even more favours with the international community.
越描越黑,
越痴越悲。
Why is the PAPPIES so enamoured with India?
How many Indians are actually employed in Singapore through the provisions of CECA?
500.
Yes - FIVE HUNDRED. Not five thousand, not fifty thousand, no a hundred thousand, not a million.
500
5-0-0
5
0
0
This was clearly stated by Tan See Leng, minister of manpower, in July. ICTs, Intra-Corporate Transferees, i.e. people sent from foreign companies to their Singaporean branches, under provisions of various FTAs, add up to just a few thousand people out of all EP holders.
Currently this figure is 2.37% - for ALL countries.
�� Out of 177,000 EP holders, 4,200 are ICTs, out of whom around 500 are from India.
For comparison, National Stadium has a capacity of 55,000 people. All Indian ICTs would take up just one small sector in it - less than 1% of its total seating.
You could fit 500 people in:
- two carriages of a single six carriage East-West Line MRT train
- in one half of a single Circle Line MRT train
- in 4 double-decker buses
- in a single Airbus A380 and there would still be seats to spare
If ALL of them went for a meal to Lau Pa Sat together, they would occupy just 20% of its 2,500 seat capacity.
And, let's not forget - ICTs have to be employees of the company in their home country for at least a year, receive a pass for up to 3 years, with a maximum extension to 5 years and cannot remain in Singapore after that time.
�� They DO NOT COMPETE for employment with Singaporeans because the are employed by the company ALREADY - they are just TEMPORARILY sent over to SG.
Intra-Corporate Transfer is not a specific invention for CECA or Singapore's FTAs but is a standard all over the world, to allow companies to move some of their staff between signatory countries for business purposes.
But they are EVEN MORE STRICTLY regulated than regular EPs. They have to fulfil certain criteria, cannot extend their stay and their families now also face tougher restrictions on their stay in the country.
Anybody making a fuss about CECA doesn't have the faintest clue what they are talking about. It is, therefore, not surprising they may be struggling to find any job if they can't comprehend something this simple.
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