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Daily Archives: 2017-05-17

An urgent need to ban new foreigners from being hired as HR professionals?

I refer to the article “Why is a local PMET IT job posted in JobStreet’s Indonesia webportal?” (theonlinecitizen, May 16). It states: Editor’s note – Just last year, Singapore’s Foreign Affairs Minister, Dr Vivian Balakrishnan said in a meeting with Indonesia’s Foreign Affairs Minister, Ms Retno Marsudi, “We believe Indonesian universities and technical institutes will produce many graduates with digital skills and we are thinking of …

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GIC’s investment to UBS nine years ago might cost GIC a loss of US$4b

According to IFR calculations, Singapore's investment fund, GIC Private Ltd, is facing a loss in excess of 4 billion francs (US$4 billion, S$5.6 billion) on its emergency investment in Swiss bank UBS Group nine years ago. On Monday evening (15 May), GIC cut its stake in UBS, selling 93 million shares at 16.10 Swiss francs, each to bring in 1.5 billion …

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Stock market sees a technical pullback while political uncertainties rise

By Margaret Yang, CMC Markets Singapore’s Straits Times Index slumped 36.5 points or 1.12% yesterday, marking the biggest intraday loss this month. Selling was driven by profit-taking activity in local banks, and rising political uncertainty in the White House. Technically, all of the three local banks – namely UOB, OCBC and DBS – were overbought and are now facing a …

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A signal to exercise the inalienable rights of free citizens despite the threat of ISA and the law

by Christopher Tremewan Two of the Singapore regime’s greatest achievements are the Pavlovian concept of citizenship and the disguise of its daily operation through the petitionary politics of a neutered citizenry. The art of government lies in preventing collective action unsanctioned by the state, controlling not only the economy through far-reaching state capitalism but also monopolizing social space, what people …

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Outflow of income from SG economy by MNCs and foreign workers

by Chris Kuan A number of FB friends were asking me about the impact on the Singapore economy resulting from foreign workers' repatriation of savings in one of Tay Kheng Soon's post. There is no research particular to this but I can go one better - the impact of the repatriation of income by all foreign entities, i.e. workers, foreign …

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Five popular but terrible misuses of personal loans

by ValuePenguin The rise of household debt has been a big issue in Singapore. Due to lackluster real income growth compared to the rate of inflation, consumers have been borrowing more to fund their consumptions. While this has been particularly case for expensive purchases like cars, it has also led to rise of personal loans. For instance, Google's study of financial markets in Asia …

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Are taxi rides to Changi Airport ripping you off?

by ValuePenguin  Changi Airport is one of the biggest airports in SE Asia. In fact, it ranked as the 17th biggest airport in the world, with 60 million annual passengers passing through in 2016 compared to just 5.6 million people living in the country! While this is mostly because Singapore serves as a transfer hub for people travelling through Southeast …

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Primary 1 maths question puzzles netizens

A Primary 1 question posted yesterday on Hardwarezone Forum by 'AlmondShell' not only left netizens puzzled, but most also gave up answering the puzzle. The bonus question, worth four marks, required students to fill in the correct numbers in the empty circles to complete the number pattern. Comments from online readers ranged from trolling, to admitting they have given up trying, …

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