2% or 3% GDP growth maybe about right for a mature economy

We are going to get this kind of growth rate for a while given the maturity of our economy. Many mature economies are going at the same rate unlike the emerging countries that are talking of 5 to 10% growth rate. We had a miracle of 15% in 2011 which could be the last flash in the pan.

What is not so comfortable is that the GDP growth is attained through high population growth, inflated housing prices, high rentals and high car prices, or at least these items contributed to a large extent to provide the growth numbers.

What would happen without the influx of more migrants, if property balloon gets deflated, if a more efficient COE system is implemented to replace this highly inefficient and loaded system? Where is the growth going to come from without high inflation?

Are our industries growing and chalking up decent numbers to give the GDP a positive number? Or are we running out of steam, running out of ideas and by hook or by crook we will need to inflate the economy, bring in more head counts, retain the COE to keep car prices high, keep housing prices high, keep medical cost high and higher? And yes, introduce Medishield Life to boost the GDP and whatever that needs to be boosted.

Without these highly inflated industries what would become of the economy? Is there a growth sector that can uplift the economy to show growth?

Dubai – Food for thought for material Singapore

‘So many myopic comments here. Myanmar is a far larger and more complex country than tiny Spore. And Myanmar should not adopt Spore’s style of meritocracy and penchant for material success.
 
A better comparison is Dubai which has emerged from the bleak landscape of the desert to be a vibrant financial and tourism place. Dubai is more than 95% managed and operated by foreigners and is thriving. They also have brilliant Emerati leadership and top class CEOs.
 
Singaporeans are a very unhappy lot. They do not appreciate the journey that Spore has taken since independence and Dubai imitated Spore initially but has over-taken Spore in many aspects.’
 
The above is a comment by a Webex in TRE. For a country like Singapore to be over taken by Dubai is nothing surprising. There was really not much growth in the island for many years if we take out the elements of influx of foreigners, the housing balloon, the ever increasing high rentals, the COEs and car prices and the high medical fees. These factors alone could have wiped out all the growth there was, or negative growth in their absence. How’s that?
 
But with the example of Dubai there is real hope. Singapore should imitate Dubai to over take Dubai with our brilliant leadership, at the moment second only to Dubai. What Singapore needs is to rely more on foreigners. 50% foreigners could only bring us 2-3% growth. Dubai is managed by 95% foreigners. If we follow Dubai, we could increase our growth by 4-6%, which is good. According to a banker Mak Weijie as quoted in the Today paper, ‘As long as the person is capable enough, it doesn’t matter what nationality he is.’ (My comment: Are you a citizen or a new citizen? We have a country, not a shop)
 
And what is 6.9m? Go for it, 95% foreigners, Singaporean core reduces to 5%, and we will be so much richer as a shop, oops, I mean a country. Our population could be what, 30m? Knn, what am I thinking?

Fake degree holders – Get out while you can

The Philippines Embassy is warning its citizens here to submit only genuine degrees and certificates and avoid being caught with their pants down. It seems that they have been given notice that the MOM is coming down hard on fake degree holders. If this be the case, it means that all the embassies must also been notified of the next move by the MOM.
 
For those fakes currently under employment here, it may be wise for them to get out while they still can. The easiest thing to do is to submit their resignation and return home as soon as they can. Any day of delay will increase the risk of them being detected, caught and charge in court. The sentence could be $20k fine or up to 2 years of imprisonment.
 
The window period for those who are here under fake qualifications is closing down fast. They must know how efficient the Singapore govt is when they made up their mind to go after the culprits. They are damn good. The real Singapore talents when tasked to do a job will do it extremely well. Get out you still can and do not hesitate or waste a single day here. Never think that you have been here for many years and you can get away with it. Trust the Singapore talents to do what they are good at.
 
Good luck. And this will also apply to those who have converted to citizens or PRs using fake qualifications. You will be caught. It is a matter of when. When the Singapore govt means business it is business. You have been warned. Just because things were slack before they can be taken as slipshod and did not know what was happening. When time to be efficient, you bet they will be very efficient. Our car park attendance is a good example of how good they are.

USA, The Biggest and Most Evil Rogue State

                                                     USA  --  The Biggest Rogue State And  International Terrorist Country

It is time to carry out a regime change in USA  -  The Evil Empire which is the cause of all troubles, wars, distability and strive in all aspects of life in this world. Since the end of the Second World War, USA has wasted no time in creating endless wars and distability in various parts of the world. The biggest industry in USA is the War Industry and so The Evil Empire has always been using the medium of wars as a conduit of sustaining this industry and enriching itself by selling arms to other countries at wars incited and fomented by USA through sowing seeds of dissension , suspicion and contention among the targeted unsuspecting victimised nations. The White American concept of perpetual and permanent warfares both direct and indirect through proxy wars has been on going and institutionalised since the first year of its independence from Imperial Britain. With this insidious policy America has always used it to grab lands and resources from other countries and to hold sway and hegemony over all other countries big or small. The original USA started with thirteen states comprising a territory of about five hundred thundred thousand square miles. Then with its aggressive policy of wars of expansion it marched westward to attack, conquer and eventually annexed all the selfgoverning native American Indian states and of course after killing eighty-five million or over ninety-percent of the native American Indians. Then from 1840s to around 1890s The Evil Empire continued  its war of aggression against the Mexicans and took by force Mexican lands of about one million six hundred and fifty thousand square miles comprising the present territories of Florida, Texas, Utah,Nevada, New Mexico, Dakota and California. At present this concept of perpetual wars of aggression and expansion shows no sign of stopping. Instead it is getting hotter and more hostile as can be seen in the American fomented wars and distabilities in the Middle-East, North Africa, in East Asia, South China Sea and its surrounding countries and South Asia in India , Pakistan and South West China.

The Evil Empire has created enough trouble, wars and miseries in this world. When can all the countries wake up and unite to put a stop to this Western carnage headed by USA? It is time the countries of the world unite to carry out regime change of the USA government, failing which it will allow The Evil Empire to drag the whole world to virtual destruction.

Southernglory1

The silly myth of bringing in better talents

The craps of not wanting to lose out on a better foreign talent is being waved by everyone especially the foreigners and foreign recruiting agencies as the excuse to bring in foreign talents. This silly reasoning must be put to a stop. I can replace every Sinkie in every profession, including ministers as there will be one better foreigner to replace him.
 
We must be very clear why we allowed foreigners to work here. We need better foreign talents, we are short of talents/professionals in some fields, but no, we don’t need to bring in another foreigner because he happens to be a little better than another Sinkie so we can replace the Sinkie.
 
Take the foreign footballers as an example. What good is there to bring in the foreign footballers? Do they make our national team better? Or should we replace everyone in our national team with these foreign footballers? In this particular case, the only reason for them to be here is to fill up the numbers in the few clubs that we have. Even this is really not necessary, unnecessary. We can still have our football league with our local boys kicking the balls around and the bets going on as usual. There is no real value add with all the foreign footballers here.
 
What is so great about having a few better accountants, managers, engineers, bankers just because they are claimed to be better? Did they change anything in the game? If they are game changers, that makes a big difference. Those are the type of talents that we need. Do we need more talented mee siam sellers to replace our mee siam sellers?
 
For practical reasons, we only need professionals to fill jobs where there is a real shortage in a particular field. Many of the professional jobs can be filled by Sinkies or by so called foreigners and nothing really changes. A good example is the way the Australians handle such economic migrants. There is a list of jobs like plumbers, sewerage engineers, carpenters, cooks, nurses etc that they need as they did not have enough Australians working in these jobs. The migrants are allowed in not because they were better plumbers, better cooks or better nurses, but because there is a shortfall.
 
If the logic is to bring in better talents in mundane routine jobs, we don’t need Sinkies anymore. And mundane routine jobs can be PME jobs. We have enough trained and qualified Sinkies for these jobs. And only stupid and irresponsible people will accept the stupid reasoning that we should replace Sinkies with foreigners because the foreigner is a better talent than the Sinkie. What difference does it make if a better foreign civil engineer or IT professional is recruited to replace a Sinkie? Nothing. They are all doing the same job, nothing more nothing less, unless the Sinkie is not qualified and cannot do the job.
 
Shouldn’t a graduate be employed to be a petrol pump attendant as he is better talented? Is he going to be more productive than a ‘boh tak cheh’ ah pek? The graduate is a talent of course, a better talent than the ah pek. So? What is the competition, competing against who and making money from where and who?
The only good reason is that we don’t have enough in the profession that we need foreigners. We don’t need foreigners so that our Sinkies can be replaced and made jobless, no matter how talented the foreigners are.
 
Stop spewing rubbish and myths to con the daft Sinkies.