Homelander Posted September 6, 2020 Share Posted September 6, 2020 (Bloomberg) -- Singapore will set aside an extra S$1 billion (US$733 million) to boost the domestic workforce in a further move to protect local jobs amid the pandemic recovery, the manpower ministry said on its website. Some companies in the island state will receive up to S$15,000 for each local hire under 40 years old and S$30,000 for those older, according to the announcement. The government will pay 25% of the first S$5,000 of these under-40 employees’ monthly salaries for a year and 50% for those over that age, it said. To qualify, companies need to increase their number of local employees over the next six months, particularly in jobs that pay at least S$1,400 a month. The rule applies to firms that were established on or before Aug. 16. The topic of local employment has been in focus recently, with Singapore authorities making several moves to support domestic talent and curb the amount of foreign employees on its shores. Last month, the government announced an increase in the minimum salaries for employment and S-pass holders, which could make it tougher for companies to hire overseas workers over Singaporean applicants. The country is facing the worst recession in its history amid the coronavirus pandemic. Singapore’s unemployment rate rose to 2.9% in the second quarter, the highest since a decade ago during the global financial crisis. https://www.mom.gov.sg/newsroom/press-releases/2020/0904-jobs-growth-incentive-scheme 1 1 Link to comment Share on other sites More sharing options...
aaur4man Posted September 6, 2020 Share Posted September 6, 2020 That's a small move in the right direction. Let's hope the funds do get to those workers 2 Link to comment Share on other sites More sharing options...
Camper Posted September 6, 2020 Share Posted September 6, 2020 Eventually all these money need to pay back double time 😁 1 Link to comment Share on other sites More sharing options...
chamfer Posted September 6, 2020 Share Posted September 6, 2020 At first look look nice but never mention what types of job. If 40 years old pmet with 10 or more years working experience got hire as $1400 cleaner like that also can..... The question is pmet jobs. This one govt never give answer on it...... 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted September 6, 2020 Share Posted September 6, 2020 1 hour ago, Homelander said: (Bloomberg) -- Singapore will set aside an extra S$1 billion (US$733 million) to boost the domestic workforce in a further move to protect local jobs amid the pandemic recovery, the manpower ministry said on its website. Some companies in the island state will receive up to S$15,000 for each local hire under 40 years old and S$30,000 for those older, according to the announcement. The government will pay 25% of the first S$5,000 of these under-40 employees’ monthly salaries for a year and 50% for those over that age, it said. To qualify, companies need to increase their number of local employees over the next six months, particularly in jobs that pay at least S$1,400 a month. The rule applies to firms that were established on or before Aug. 16. The topic of local employment has been in focus recently, with Singapore authorities making several moves to support domestic talent and curb the amount of foreign employees on its shores. Last month, the government announced an increase in the minimum salaries for employment and S-pass holders, which could make it tougher for companies to hire overseas workers over Singaporean applicants. The country is facing the worst recession in its history amid the coronavirus pandemic. Singapore’s unemployment rate rose to 2.9% in the second quarter, the highest since a decade ago during the global financial crisis. https://www.mom.gov.sg/newsroom/press-releases/2020/0904-jobs-growth-incentive-scheme 1 hour ago, aaur4man said: That's a small move in the right direction. Let's hope the funds do get to those workers actually too little too late liao. wrong economic policies in the decade and a half resulted in sgp economy being very vulnerable. ah heng has announced 4 stimulus packages over the past 6mths. if the economy is resilient, just 1 supplementary budget will do. taking taiwan as an example, the reason why the taiwanese economy is able to weather this wuhan well is not becos of the competency of vege english but becos KMT built up a strong technology supply chain economy in the 1980s. 2 Link to comment Share on other sites More sharing options...
socrates469bc Posted September 6, 2020 Share Posted September 6, 2020 9 minutes ago, Camper said: Eventually all these money need to pay back double time 😁 fiscal sustainability, fiscal sustainability!!!!!! i foresee if the global situation dont turn ard in the next 2 yrs, the sgp economy may be in doldrums for a long time. 1 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted September 6, 2020 Share Posted September 6, 2020 11 minutes ago, chamfer said: At first look look nice but never mention what types of job. If 40 years old pmet with 10 or more years working experience got hire as $1400 cleaner like that also can..... The question is pmet jobs. This one govt never give answer on it...... i worry more abt whether the economy will be able to readjust in time. nb, all the money placed on casino leaves no plan b now all lost. song bo????? 1 1 Link to comment Share on other sites More sharing options...
XianGe Posted September 6, 2020 Share Posted September 6, 2020 24 minutes ago, chamfer said: At first look look nice but never mention what types of job. If 40 years old pmet with 10 or more years working experience got hire as $1400 cleaner like that also can..... The question is pmet jobs. This one govt never give answer on it...... Yup... Will hire entry level sinkies but senior mgmt gib FTrash... Basically it can help fresh grads or low level... 1 Link to comment Share on other sites More sharing options...
Camper Posted September 6, 2020 Share Posted September 6, 2020 20 minutes ago, socrates469bc said: i worry more abt whether the economy will be able to readjust in time. nb, all the money placed on casino leaves no plan b now all lost. song bo????? Everyone focusing on ceca, the biggest elephant in the room are those damn casinos and X number of frigging airport terminals 😁 2 Link to comment Share on other sites More sharing options...
Chestnut Posted September 6, 2020 Share Posted September 6, 2020 18 minutes ago, XianGe said: Yup... Will hire entry level sinkies but senior mgmt gib FTrash... Basically it can help fresh grads or low level... Yea. And then go interview those cb interviewers will ask "huh! U work only like tht uh?" Shalala lala la la ~ 🌠 Link to comment Share on other sites More sharing options...
XianGe Posted September 6, 2020 Share Posted September 6, 2020 6 minutes ago, Chestnut said: Yea. And then go interview those cb interviewers will ask "huh! U work only like tht uh?" Should allow applicants to complain on interviewers 1 Link to comment Share on other sites More sharing options...
Chestnut Posted September 6, 2020 Share Posted September 6, 2020 3 minutes ago, XianGe said: Should allow applicants to complain on interviewers Ya lo. Next time they ask me stupid qn i will f them Shalala lala la la ~ 🌠 Link to comment Share on other sites More sharing options...
socrates469bc Posted September 6, 2020 Share Posted September 6, 2020 10 minutes ago, Camper said: Everyone focusing on ceca, the biggest elephant in the room are those damn casinos and X number of frigging airport terminals 😁 exactly,. ceca is a relatively easy issue to resolve yet most r not looking beyond the big picture. the casinos and 4 changi terminals r now big white elephants which we can do nothing sexcept suck our thumbs. becos of how sudden and swift this wuhan strike, sgp economy basically has no time to react. even if i want to re-tool the workforce and adjust my education system to produce more tech specialists instead app coders, the time needed will take many yrs to come to fruition. i can only see 1 way out in the st as a policy maker and hope the situation will change for the better but unfortunately, the ruling party of the day still fail to see it. haiz.............. 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted September 6, 2020 Share Posted September 6, 2020 34 minutes ago, XianGe said: Yup... Will hire entry level sinkies but senior mgmt gib FTrash... Basically it can help fresh grads or low level... 12 minutes ago, Chestnut said: Ya lo. Next time they ask me stupid qn i will f them u look at dbs, sats catering and singpost u know liao. nb, sgp no local talents to run bank, catering services and post services????? need a failed indian vc, ah moh ex-banker and ah moh ex-consultant to run it????? Link to comment Share on other sites More sharing options...
Chestnut Posted September 6, 2020 Share Posted September 6, 2020 24 minutes ago, socrates469bc said: u look at dbs, sats catering and singpost u know liao. nb, sgp no local talents to run bank, catering services and post services????? need a failed indian vc, ah moh ex-banker and ah moh ex-consultant to run it????? I really wondervwhy those hiring manyger ask those questions, they are actually singaporeans themselves btw 1 Shalala lala la la ~ 🌠 Link to comment Share on other sites More sharing options...
ManOfTheHour Posted September 6, 2020 Share Posted September 6, 2020 Knn using taxpayer money to ask ppl hire locals? Wtf lah cb Josephine 2 Link to comment Share on other sites More sharing options...
socrates469bc Posted September 6, 2020 Share Posted September 6, 2020 23 minutes ago, Chestnut said: I really wondervwhy those hiring manyger ask those questions, they are actually singaporeans themselves btw the ultimate boss of these companies never go parliament to be questioned, so what do u think????? wahahahah Link to comment Share on other sites More sharing options...
socrates469bc Posted September 6, 2020 Share Posted September 6, 2020 10 minutes ago, ManOfTheHour said: Knn using taxpayer money to ask ppl hire locals? Wtf lah cb Josephine the seeds were planted 15 yrs ago on these 2 speeches. sgp is now paying for the mistakes as they come to fruition. wahahahhahahah https://www.nas.gov.sg/archivesonline/data/pdfdoc/2005041803.htm https://www.nas.gov.sg/archivesonline/data/pdfdoc/2005041802.htm 1 Link to comment Share on other sites More sharing options...
The_King Posted September 6, 2020 Share Posted September 6, 2020 1 hour ago, Chestnut said: I really wondervwhy those hiring manyger ask those questions, they are actually singaporeans themselves btw 1 hour ago, socrates469bc said: u look at dbs, sats catering and singpost u know liao. nb, sgp no local talents to run bank, catering services and post services????? need a failed indian vc, ah moh ex-banker and ah moh ex-consultant to run it????? can dont question them. They are very patriot Singaporean la. i know they will help Singapore and make Singapore proud. infact new Singaporean are so helpful they even help other country. 2 Link to comment Share on other sites More sharing options...
The_King Posted September 6, 2020 Share Posted September 6, 2020 (edited) 1 hour ago, socrates469bc said: exactly,. ceca is a relatively easy issue to resolve yet most r not looking beyond the big picture. the casinos and 4 changi terminals r now big white elephants which we can do nothing sexcept suck our thumbs. becos of how sudden and swift this wuhan strike, sgp economy basically has no time to react. even if i want to re-tool the workforce and adjust my education system to produce more tech specialists instead app coders, the time needed will take many yrs to come to fruition. i can only see 1 way out in the st as a policy maker and hope the situation will change for the better but unfortunately, the ruling party of the day still fail to see it. haiz.............. they should have see this quote 20yr ago A rich country is one where its people have high purchasing power, not just high salary rate or wage, even with a salary increase of up 10 or 25 per cent, if would not bring any good if the increase brought along rising cost of living. The salary is more, but the capability to buy is the same like before, although the country had high salary or wage rate, it was not a rich country. What’s the use of becoming a millionaire, if we can only afford to buy along the streets. talking about the app coders. few year ago, there this channel 8 drama, trying to promo app coder. lol lol lol. if a noob like me shake head, you know it real bad. still failed to see la. you look at the min wage talk you know already. does it look they are trying to discuss how to make it work? instead military personnel suddenly all become economics professor. trying to BS a real economics professor (with Bachelor of Business in economics, Master of Science in economics from the London School of Economics, a doctorate in international economics, Master of Arts in politics, work in Development Prospects Group and specialising in long-term macroeconomic projections, an economist at the Institute for Southeast Asian Studies and the Abu Dhabi Investment Authority.) Edited September 6, 2020 by The_King 2 Link to comment Share on other sites More sharing options...
Chestnut Posted September 6, 2020 Share Posted September 6, 2020 55 minutes ago, The_King said: can dont question them. They are very patriot Singaporean la. i know they will help Singapore and make Singapore proud. infact new Singaporean are so helpful they even help other country. Those singaporeans hr manager i cane across are those really true blood simgaporean , not ft becone singaporean 1 Shalala lala la la ~ 🌠 Link to comment Share on other sites More sharing options...
socrates469bc Posted September 6, 2020 Share Posted September 6, 2020 50 minutes ago, The_King said: still failed to see la. you look at the min wage talk you know already. does it look they are trying to discuss how to make it work? instead military personnel suddenly all become economics professor. trying to BS a real economics professor (with Bachelor of Business in economics, Master of Science in economics from the London School of Economics, a doctorate in international economics, Master of Arts in politics, work in Development Prospects Group and specialising in long-term macroeconomic projections, an economist at the Institute for Southeast Asian Studies and the Abu Dhabi Investment Authority.) actually no need to study so much can be good in economics liao. as long as have plenty of common sense and mathematical aptitude can liao. but apparently most of the pappies in the august House dont seem to have any. wahahahhahahha 3 Link to comment Share on other sites More sharing options...
socrates469bc Posted September 6, 2020 Share Posted September 6, 2020 9 minutes ago, Chestnut said: Those singaporeans hr manager i cane across are those really true blood simgaporean , not ft becone singaporean u dont know what is monkey see monkey do ah???? wahahahhahaha Link to comment Share on other sites More sharing options...
Chestnut Posted September 6, 2020 Share Posted September 6, 2020 1 hour ago, socrates469bc said: u dont know what is monkey see monkey do ah???? wahahahhahaha Dont know lor. Because i am chestnut not monkey wat 1 Shalala lala la la ~ 🌠 Link to comment Share on other sites More sharing options...
Camper Posted September 6, 2020 Share Posted September 6, 2020 33 minutes ago, Chestnut said: Dont know lor. Because i am chestnut not monkey wat Monkey jiak chestnut 3 Link to comment Share on other sites More sharing options...
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