As Hsien Loong put it in his May Day message,
‘We have spent many, many decades nurturing this reputation
for reliability, for openness. We have made a name for ourselves; not
necessarily the cheapest place but a competitive and dynamic city that’s worth
paying the premium for. And we must keep that reputation because otherwise
we’re dead.’
So, do we believe that we don’t have to compete to be the
cheapest? We have so many advantages, tangible and intangible, that all the
foreign businesses will be salivating to be here. Think SPGs aplenty. What a
life! Let those who want to leave, let them go. Be selective, shrink a little
to relief the pen up appetite for more FTs. We can start by getting rid of
those businesses that are here and employing mainly FTs. The Govt can start by
getting all GLCs to employ Singaporeans first.
Why be threatened by a few businesses and buckled under
their threats of not investing here? What would Goh Keng Swee and his
colleagues do when faced with such rubbish threats? Do we believe in ourselves?
Do we have confidence in our system and infrastructure that the businesses need
to pay a premium and not getting a Singapore
discount? We have world best universities with Angmoh professors that would
turn out graduates as good as Angmohs, if not, would still be better than third
world universities right? With so many high quality third world FTs replacing
our local graduates, I think I may be wrong on this count.
We have world famous man made gardens that cost us a
fortune, F1s, casinos, safe and secure streets to party till the wee hours.
These don’t come free. There is value for money. The more expensive the better
right? This one surely right. We keep on raising university fees to raise the
quality of our education, and also medical fees for better medical services and
professionalism. We have all these good stuff within 15 mins of driving, in a
world class city. Want cheap cheap, go to operate in third world countries lah.
See, I also can sell koyok for my country. It is time to
seriously relook and restructure and take in only those that are beneficial to
our bigger game plan that compliment and not sabotage our social and economic
development of our people. We want to continue to be in the First
World and not downgrade to cheap cheap Third World.
Swee boh?
I can also sing a song of being cheaper and cheaper and
cheaper or else all the foreign businesses will run away. Singaporeans must
tighten belt, compete with all the hungry workers. It is market forces at work.
The song I sing depends on my mood and the weather.