The new measures taken by Singapore to control the influx of foreigners
working in Singapore ‘has irked India as the new law does not give India
a preferential treatment incorporated in the Comprehensive Economic
Partnership Agreement (CECA) between the two countries, operational
since 2005. This stance by the Singapore Government is expected to
affect Indians working as middle-level managers, executives and
technicians.
Speculations are rife that India might take up the issue with World
Trade Organization’s (WTO) dispute settlement body. However, according
to Singapore such a decision was imperative in the interest of the
natives as the share of the foreign workforce is rising very rapidly.
“… I do not think we have contravened our commitments in the WTO or the
CECA. Moreover, this is not specifically targeted to any one country. We
remain very open to foreign talent,” a senior Singapore government
official told Business Standard…. According to Indian officials involved
in the negotiations, this is a violation of the services trade
agreement under CECA. This will also adversely affect Indians who are
working there as it might lead to job losses, especially for the middle
level workers.
India has submitted a request to Singapore for addressing the matter but has not received a formal communication yet.
Currently, there are about 200,000 non-resident Indians in Singapore
working in ITES, financial services and scientific research sectors
among others, according to one estimate.’ - Business Standard 29 Oct.
http://www.business-standard.com/article/economy-policy/govt-decries-ceca-violation-by-singapore-113021700123_1.html
Did Singapore sign an agreement with India or any other country that
allows that country unlimited entry of its people into the island? Can
this really be the case? Imagine a little island of 760 sq km signing
such an agreement with countries that have more than a billion people
and they can send any number of people they want here? I don’t think
Singapore officials are that stupid right? There must be some
misunderstanding or misinterpretation of the agreements in this case by
India. No silly govt in the world will open their country to any country
with no restrictions. It is like inviting an invasion and a takeover of
the country.
What is happening? I have faith that our super talents with foresight
and great intelligence would not sell out the country blindly with such
agreements. How can it be?
10/31/2013
A poser, what can be worse?
Heard of the saying, the blind leading the blind? This statement has
often been quoted to denote a bad situation, a lost cause when nobody
knows what is happening, and the blind is being led by an equally blind
towards the cliff. Actually it is not that bad as the blind has no bad
intention and if luck is on his side, he could lead them to paradise of
plenty, by accident.
Then there is another situation where the blind are led by the crooks. This is about sums up the situation in the USA. The whole banking and finance industry, including the stock exchange, are led by the crooks. The bankers are selling fraudulent and gambling chits as sophisticated financial products to their clients. The stock exchange has been redesigned and turned into a gambling den, with trading system that is worse than a computer game or a real casino. At least computer games and casino have rules to regulate some level of fair play with the odds known. The stock exchange is designed to cheat the innocent investors by using computers to trade against them.
Here the blind congressmen and women could do nothing as they did not know enough of the game to press the right button. And for those who knew, they were simply bought over. So they have very little regulations under the guise that deregulation and little regulation are good for the market and the finance industry. So the crooks rule the day and run the industry and stock market the way they want it.
The third situation is slightly different. Here we have a bunch of very clever and self serving talents running the show, leading the blind by telling them that they are there to serve them. Instead the super talents are serving themselves and laughing to the banks and the blind did not know what is happening. Can’t blame them as they are blind. So the blind are happy and the super talents are happier.
The three scenarios are just generalization. They are not applicable to Singapore. We have a fourth version where the super talented are leading an intelligent population, not blind. The super talented are there to serve the intelligent and highly educated populace. They are honest, upright, incorruptible and selfless, only thinking of serving the people whom they have acknowledged as their masters. Just look at how well regulated is our banking and finance system and the stock exchange, unshakable and in the pink of health. No gambling chits being sold and the exchange is running a system that is fair, and a level playing field for all investors. Soon other govts will be sending their delegates here to learn from us, world best banking and finance system and world best stock exchange. And rightly our Finance Minister is voted the best finance minister in the world. Just a bit puzzling is the rating for our MAS boss. How could they give him a B rating, worse than the USA and Malaysia and many other countries.
The USA and the rest of the world would be in better shape if they have adopted our banking and finance system or have a situation where their leaders are selfless serving servants of the people, and very talented as well.
Then there is another situation where the blind are led by the crooks. This is about sums up the situation in the USA. The whole banking and finance industry, including the stock exchange, are led by the crooks. The bankers are selling fraudulent and gambling chits as sophisticated financial products to their clients. The stock exchange has been redesigned and turned into a gambling den, with trading system that is worse than a computer game or a real casino. At least computer games and casino have rules to regulate some level of fair play with the odds known. The stock exchange is designed to cheat the innocent investors by using computers to trade against them.
Here the blind congressmen and women could do nothing as they did not know enough of the game to press the right button. And for those who knew, they were simply bought over. So they have very little regulations under the guise that deregulation and little regulation are good for the market and the finance industry. So the crooks rule the day and run the industry and stock market the way they want it.
The third situation is slightly different. Here we have a bunch of very clever and self serving talents running the show, leading the blind by telling them that they are there to serve them. Instead the super talents are serving themselves and laughing to the banks and the blind did not know what is happening. Can’t blame them as they are blind. So the blind are happy and the super talents are happier.
The three scenarios are just generalization. They are not applicable to Singapore. We have a fourth version where the super talented are leading an intelligent population, not blind. The super talented are there to serve the intelligent and highly educated populace. They are honest, upright, incorruptible and selfless, only thinking of serving the people whom they have acknowledged as their masters. Just look at how well regulated is our banking and finance system and the stock exchange, unshakable and in the pink of health. No gambling chits being sold and the exchange is running a system that is fair, and a level playing field for all investors. Soon other govts will be sending their delegates here to learn from us, world best banking and finance system and world best stock exchange. And rightly our Finance Minister is voted the best finance minister in the world. Just a bit puzzling is the rating for our MAS boss. How could they give him a B rating, worse than the USA and Malaysia and many other countries.
The USA and the rest of the world would be in better shape if they have adopted our banking and finance system or have a situation where their leaders are selfless serving servants of the people, and very talented as well.
10/30/2013
How the American govt wasted their taxpayers’ money
Edward Snowden’s report has revealed more than 35 countries were
subject to American spying, including phone communications of their
leaders, many of them were friends of the USA. Millions of ordinary
citizens’ phones were tapped. In Spain alone, 60.5m phones were tracked
in a single month. Multiply this by the number of months and the number
of countries, the number is mind boggling. Asian and African countries
are up in arms against this rude intrusion into the lives of their
leaders and citizens. And they are welcoming the American pivot.
How much would all this cost? The listening stations and the equipment and the staff deployed to maintain the equipment and do the listening? The number of staff to translate and record the conversations, to analyse them and the equipment they used must have cost a lot of money to the American taxpayers.
And the money is being spent for years without the American public knowing. The best part, many of the American ordinary citizens are also subject to the same surveillance in home soil, including senators and congressmen.
American people, this is how your govt spent your money. This is the way of the Empire.
How much would all this cost? The listening stations and the equipment and the staff deployed to maintain the equipment and do the listening? The number of staff to translate and record the conversations, to analyse them and the equipment they used must have cost a lot of money to the American taxpayers.
And the money is being spent for years without the American public knowing. The best part, many of the American ordinary citizens are also subject to the same surveillance in home soil, including senators and congressmen.
American people, this is how your govt spent your money. This is the way of the Empire.
Brokerages restricting trading on stocks
More broking houses are starting to enforce restricted trading on more
and more penny stocks. AmFrasers is reported to have put 11 stocks in
their restricted list while UOB Kay Hian has a list of 56 stocks. Such
stocks can only be traded under conditions set by the broking houses
like cash out front, limited volumes to buy per investor or for the
whole house to limit the risk exposure, etc etc.
What would happen if the number of stocks on the restricted list increases into the hundreds? What are the implications,… that these stocks are dangerous, not fit to be listed in the exchange, not suitable for trading by normal investors? If these stocks are so dangerous, should not they be put into a separate list and investors be made to sign an indemnity form to declare they know the risk when they trade these stocks? We do not want them to complain that they did not know these stocks are so dangerous when they lose big sums of money, right?
Hopefully these stocks are not in the same category as Lehman Bonds or toxic notes, high risk and should not be touched with a ten foot pole. For these stocks to be listed in the main board they must be worth something or at least have some respectability and soundness, or have been vetted to be ok.
Let’s hope the restricted lists do not grow longer and the few stocks there are an anomaly, exceptions than the rule.
What would happen if the number of stocks on the restricted list increases into the hundreds? What are the implications,… that these stocks are dangerous, not fit to be listed in the exchange, not suitable for trading by normal investors? If these stocks are so dangerous, should not they be put into a separate list and investors be made to sign an indemnity form to declare they know the risk when they trade these stocks? We do not want them to complain that they did not know these stocks are so dangerous when they lose big sums of money, right?
Hopefully these stocks are not in the same category as Lehman Bonds or toxic notes, high risk and should not be touched with a ten foot pole. For these stocks to be listed in the main board they must be worth something or at least have some respectability and soundness, or have been vetted to be ok.
Let’s hope the restricted lists do not grow longer and the few stocks there are an anomaly, exceptions than the rule.
The fake qualification problem has stabilized
A few months back about 20 foreigners were caught for submitting fake
qualifications when applying for employment passes. Some were fined and
some were sent home. Since then no more new cases have been reported.
In the case of dengue fever, 500 cases were reported a few days back, saying that the dengue problem is still not resolved or very alive. Can we then take comfort that of the more than a million foreigners working here, all is in order. Their qualifications are genuine and authentic. And this is the reason why no more new cases have been reported since.
We are so blessed that all the foreigners among us are so honest and well qualified, with real qualifications. The hooha recently that there were many foreigners with fake qualifications getting good jobs here must be unfounded, based on unjustified rumours. The fact says all is well.
In the case of dengue fever, 500 cases were reported a few days back, saying that the dengue problem is still not resolved or very alive. Can we then take comfort that of the more than a million foreigners working here, all is in order. Their qualifications are genuine and authentic. And this is the reason why no more new cases have been reported since.
We are so blessed that all the foreigners among us are so honest and well qualified, with real qualifications. The hooha recently that there were many foreigners with fake qualifications getting good jobs here must be unfounded, based on unjustified rumours. The fact says all is well.
Subscribe to:
Posts (Atom)