The stages that let to a top financial centre in SE Asia having no local banking and finance talents

I dunno know want to laugh or want to cry when people so happily chirped that Singapore has no local banking and finance talents to fill up the top banking jobs. And no one seems to be disturbed by this fact like it is a natural thing, an expected outcome. We were and still are the top financial centre but someone forgot to train or nurture banking/finance talents and now we have to import them from the 3^rd world and less developed financial centres in the region whose banking systems are nothing better than finance companies and loan shark syndicates.

Just go back a couple of decades and look at the banking/finance landscape? Were not the top bankers mostly locals? What happened? Did these locals acted selfishly, foolishly by not training the next batch of talents to succeed them? Were they so irresponsible, so stupid not to see the need for succession planning? Didn’t they know that it was the govt of the day that consciously put them up into those positions of authority, to be indigenized, to be localized and be self sufficient with our own talents to run out own destiny?

Why is it that after this generation of top bankers had disappeared, there was a dearth of talents and the vacuum had to be filled by 3 world banking talents and not from local talents?

o reach such a state, assuming that we have clever people in charge, must either be a case of conscious design or someone fell asleep in his job. To take the position that someone fell asleep in his job is definitely unlikely.  The dangerous one is conscious design, a conscious choice or a conscious neglect, some kind of hidden agenda to get to where we are today, with no local top banking/finance talents. It cannot be by accident or neglect!

Let’s look at the stages of development to make this pathetic and deplorable state possible.

Stage 1. There is no succession planning. This will mean that after the last generation of top bankers left the scene, no one is suitable to fill the top banking positions through lack of success planning. Now isn’t this bad?

Stage 2.  Refusal or neglect, intentional or otherwise, not to train local talents or in a worst case scenario, intentionally by passing the local talents, not giving them the chance to move up, not giving them the exposure to gain experience to be at the top.

Stage 3. Consciously, by design, to go out to recruit foreigners in the name of foreign talents and so called international exposure as a prerequisite to rule out local talents, so local talents were swept into the dustbin. This becomes a vicious cycle, not given the chance, how to gain experience to become better, to fill the top positions?

Stage 4. Foreign CEOs were allowed to recruit more foreigners and giving foreigners more opportunities to gain experience and exposure and to move up. Local talents sidelined, by passed or made to do the unimportant tasks, backroom boys, office maintenance, jaga physical building security, anything but banking and finance.

Stage 5. The secondary and tertiary institutions were allowed to do as they pleased, even if they chose not to train banking and finance talents needed in the name of liberalization. But worst if the tertiary institutions were filled by foreigners who have different or hidden agenda. The result, no training of locals to feed the essential industries like banking and finance and no one would notice or be disturbed by this development. Bo cheng hu! No one in charge, no one consciously looking at the problem and allowed things to get worse and worse and the need for foreigners become more and more important and necessary. A self inflicted wound.

Stage 6. Allowing foreigners to call the shot. Foreigners said Singapore got no banking and finance talents, just accept it meekly and stupidly and let the foreigners in charge to bring in more foreigners. And let foreign recruiting agencies to have a field day recruiting whoever they want from 3^rd world villages and calling whoever they brought in as talents.

Stage 7. Close one eye to all the fake certificates and degrees and recognize all the 4^th and 5^th grade village universities as good universities. No need to check. Accept everyone that produced a piece of paper as genuine and quality qualification.

Stage 8. The rice is cooked. The realities hit. No local talents. So? No one even bother to ask so? No one was there to ask so. No talent ah, never mind, we will train them in our universities and in 30 years time we will have all the top banking and finance talents we need. Hopefully there will still be a Singapore in 30 years times and not a Singapore with new owners that are not Singaporeans. By then, even if we produced our own talents, the new owners would rather choose to hire their own kinds.

It is not easy for a top financial centre to wake up one day and realized it has no local talents.  It takes a long time, a lot of neglect, a lot of stages and things to happen to reach such a sorry state of affair. How can a first world country that everyday blows its own trumpet about how good it is in planning ahead with so many super talents it has to plan for the future and find itself without local banking and finance talents?

The only thing I can conclude is that it is a miracle to happen this way, an act of God, beyond anyone’s control. It happened. No one is responsible. Or was it part of the plan?

Malaysia under attack by the Empire

Australia and UK had issued terror attacks warning in KL, Malaysia and telling their citizens to avoid the country. Understandably Malaysia is furious. This terror alert is unwarranted and uncalled for. The question is why, but Malaysia knows the reason and is protesting.

Notice the calls are made by the UK and Australia and not by the Americans? This is similar to the calls made by the Australians on the MH370 missing aircraft. The innocent devil is not saying anything and wearing a halo over his head.

The next question, who the hell are the Australians to claim to know everything, from where the MH370 supposed to plunge into the Indian Ocean and now the terrorist attacks? To know for certain of such information, one must possess the intelligence network to infiltrate into the ISIS movement or have informers? Did the Australians and the British have more informers and intelligence agents collecting the information than the Americans? How credible are the British and the Australians given the big lies about WMD and MH370?

Why are the Americans so quiet and these two smart alecs so loud? Who is calling the shot? Malaysia must have antagonized the Emperor at Sunnylands and now facing the wrath of the Empire. Malaysia better be careful in case another of its aircraft would be shot down or gone missing. These warnings are a prelude to more problems to come for Malaysia for not toeing the line of the Empire.

The Empire is practicing divide and rule as usual this time with Malaysia as the only target among the Asean countries. It would take on one country at a time to give the rest a warning that they could be next and better behave and do what the Empire demands.

Welcome to the Empire. The Emperor has spoken.

500 Years Curse of Evil White Men's Aggression, Domination And Hegemonism.

  Resist and stop the Evil Empire's deceit, fraud , aggression and hegemony

People of Asia, Africa and Arab countries , the Third World have been subjected to Western aggression , invasion and domination for over five hundred years .
The economic exploitation by the Evil White Men, the Evil Race had depleted most of the wealth, resources and treasures of the countries in Asia, Africa and
Middle East. In such a ravaged and victimized society the people of the Third World found life a persistent never ending struggle for survival against the elements
and have to compete for the limited resources left behind by the expelled savage white marauders.

The countries of the Evil Race are on the country very rich and powerful. The crime against humanity with mass murders and genocide began on the day the
buccaneer Christopher Columbus landed in America on October 12th, 1492. That was the  day in which fate had changed forever the fortune of the Evil White
Men , the Europeans or the Caucasians at the deadly expense of the people of Asia, Afriica and the natives of both North and South America. Indeed many of
the natives in North and South America, Australia and New Zealand had been genocided by evil white men to almost extinction. During the five hundred years
of European domination the carnage committed by the evil race was unprecedented and the suffering , physical abuse , the loss of life, loss of land and wealth was
so great that the third world is still suffering the after effect of such  brutal carnage. The repercussion and remification of this tragical western domination and
exploitation will continue to haunt the Third World countries, the people of which may continue to take for granted their tragic past, miserable present. and uncertain
future.

Of course there are some rich and affluent people in the Third World countries. However if these few rich and affluent people choose to indulge themselves in
their wealth and look the other side instead of  doing something good for their countries then  the large majority of their people will continue to live in abject
poverty and will never be able to get out of the poverty trap. The Evil Race have never taken life for granted. They work hard  and strive for progress and go
out to look for opportunities and to exploit other people. At present the Evil Race is using other ways and means to continue to keep the Third world under their
control and hegemony. They are using the old tricks of divide and rule. They exploit the religious divide between the Sunni and the Shite Arabs and keep them
fighting permanently so that they can keep both on hold and thus enable the Evil White men to control the whole of Middle - East and with it , their oil and
other resources. They hypocritically use the term democracy to divide Korea into North and South Korea and China and Taiwan. They viciously exploit the
differences among the littoral states in the South China Sea and pitted these countries against each other. In this way the Evil Race , now represent by the Evil Empire, USA, hope to hijack control of
the South China Sea and hold hegemony over all the countries there about. Similarly the Evil Empire has manipulated Japan into confrontation against China
over the possession of the Chinese Diau Yu Dao in the East China Sea.

In addition to the divide and rule policy the Evil Race have made used of the United Nations to control all other nations and the World Trade Organisation
to control their trade and commerce .  They make use of the International Monetary Fund  ( IMF ) and the World Bank to control their economy and finance. On top of this they had by fraud and deceit tore apart and abandoned gold as a standard medium of exchange in international trade and instead by chicanery imposed the American Dollar as a standard medium of exchange in international trade and thus gain an advantage against other countries through their manipulation of the American Dollar to their advantage.
The Evil Race now represented by the Evil Empire, USA has never given up their obsession for world conquest and hegemony. It is imperative that people of
the Third World must always be told and reminded of the great carnage, atrocities, violence, killings, genocide and the vicious exploitation and stealing of
their countries' land, wealth and resources by the Evil White Men for the last Five Hundrfed years. They must not allow Evil White men to continue exploiting them and to divide and rule over them. Five Hundred Years curse of  Western aggression, violence, carnage, genocide, murders and killings, conquests, invasion and domination is enough. Third World countries need to unite and put a stop to this.

Southernglory 1

Another daft sinkie replaced by 3rd world pariahs, cheats and fakes

Below is an interview by Gilbert Goh’s Transitioning.org of a pathetic Sinkie being replaced by foreign talents despite her experience and respectable qualifications. Very likely she was replaced by the pariahs, cheats and fakes that are called foreign talents in her own country. Sad, very sad, dunno what to say for Sinkies to be dealt this kind of fate. Who to blame?

 

First of all, thanks for allowing us to interview you online AJ and can you provide us with some background information on yourself?

 i am a 36 year old Singaporean lady and earned my Economics degree and MBA from a top-notched business school. My last drawn was between $300,000 to $400,000 per annum.

What was your last occupation and you have told me that you were unemployed for a few months, can you tell us more about this and also your job search experience?

Been in finance industry (doing the same thing) for 15 years. Unemployed for 18 months. Initially, frustrating and embarrassing. Now more of frustrating and angry (especially after the MOM 2015 statistics). I must also add that I applied to all government and government related organizations (Temasek, GIC, MAS, Ministry of Finance), and the local banks (OCBC, UOB and DBS) but am faced with repeated rejections or was simply ignored. Not too sure what MAS and Ministry of Finance mean when they say they are looking to develop a strong Singaporean core for the finance industry (and in fact every industry). –

 See more at: http://www.transitioning.org/2016/02/18/36-year-old-banker-who-used-to-earn-300000-to-400000-per-annum-frustrated-at-labour-policies/#sthash.df7qsGlA.dpuf.. Also read 38-year-old ex-civil servant used to earn $8500 now works in Cambodia for half the salary Depressed Singaporean banker jobless for a year after forced to resign by foreign superior - See more at: http://www.transitioning.org/2016/02/18/36-year-old-banker-who-used-to-earn-300000-to-400000-per-annum-frustrated-at-labour-policies/#sthash.df7qsGlA.dpuf

There is hope that more Sinkies will face the same fate before real change can take place.

Benjamin Lim – Persona non grata?

The name Benjamin Lim is sounding so frightening that no politician deemed it a good thing to talk about it except for Wong Souk Yee of SDP. The politicians on both sides of the divide have been keeping mum for a very very long time. Perhaps it could be due to the Chinese New Year Celebration and it is not a nice thing to talk about Benjamin or anything inauspicious. Maybe after the festivities they would find the stomach to talk about this 14 year old boy that is no longer with us.

Often there were headlines in the media when a cat or a dog was wounded or killed and politicians, including ministers had been seen sharing their compassion for the poor things. Some have visited the injured animals to shower their love for the poor animals to the point that an animal lover was even elected to parliament. There was no report of any politician visiting the parents of Benjamin during their bereavement. Maybe they did not but reported.

Would Benjamin Lim be mentioned in the next parliament sitting? I was waiting for the legal fraternity to say something and finally in came. It was reported that Thio Shen Yi, President of the Law Society, wrote in the latest copy of the Law Society Gazette about the case of Benjamin Lim, lamenting that if the approach towards Benjamin could be ‘less intimidating’ would it make a difference, would Benjamin still be with his parents and enjoying the Chinese New Year, collecting his angpaos, and feasting himself, instead of the last cold bun he had on that dreadful day?

The concern of how Benjamin was handled must be very disturbing to the legal fraternity and it took great guts to have the issue in print in the Law Society Gazette.  Fellow lawyer Shashi Nathan was quoted in the media, ‘ This is a matter that has caesed some concern as to how young offenders may be treated by the police. The next step is to see how things will change going forward.’

Another lawyer Amolat Singh emphasized on the importance of this case appearing in the Law Gazette, ‘The fact that it’s the LawSoc President setting out his message will not be taken lightly or ignored.  It is sure to get the attention that it deserves. We can’t ignore that this has become a burning national issue.’

It may be a national issue but no politician is saying anything about it. Or are they waiting to create an impact by raising it in parliament? It is very brave for the LawSoc President to say something that everyone is avoiding it like a disease. Kudos to Thio Shen Yi.