Singapore's success story, professionalism and other economic positives ... owe a substantial debt to Malaysia, or rather Malaysians who have chosen to study and/or work there. Even I was there for 3 years. I am only guessing but I think maybe one third of the upper management of the whole of Singapore are Malaysians (or ex-Malaysians). That is the big reason why, Malaysians cannot take out their CPF when they decide to move back to Malaysia to work (before retirement), they will make it as "unenticing" as possible for Malaysians to move back. Many would want to in particular if their flat is already worth S$700,000 and their CPF balance is over S$300,000. You are talking close to RM2.5m for mid level exec to move back to Malaysia. But I digress.
Singapore is laughing secretly and keeping hush ... they do not bear any cost of bringing up the kids, but at their ripest, they get to cherry pick the top 5% of the crop - where got such good deals????
You may have your reasons to let them go but it only drives down the quotient for capable labour force over time. You want to create "more opportunities" for bumis, thats not the way to do that. You end up with a prolonged deteriorating capable workforce, thus less value added services to overall economy. You compensate by bringing down average labour cost to maintain competitiveness - EVER WONDER WHY A SO-SO ECONOMY LIKE MAYSIA KEEP INCREASING ITS RELIANCE ON FOREIGN WORKERS ... thats the only way to maintain competitivess. At the same time it drags normal Malaysians' wages lower in growth.
Yes, we may still be able to make a living, yes, plenty do make money from the property market and maybe stock market - ever wonder why???, these are not absolutely value driven industries, these are vehicles that attract liquidity. Without oil and gas, we are dead a long time ago, I mean worse than Cambodia or Burma even.
Yes, some people do benefit from the policies, the elite few at the expense of the vast majority of all races.
You can ignore these often said sentiments, you are taking the whole country down the road of no fucking return.
- See more at: http://www.theantdaily.com/Main/Malaysia-s-bright-sparks-head-south-of-the-border#sthash.cPBIW689.dpuf
The Leakers - Helmed by the often brilliant Herman Yau Nai Hoi (whom I believe was from Malaysia who became a great success in HK films). 7...
Nobody is spooking anyone by revealing the level of debt the country is facing. Before we can properly address the debt, we have to be hone...
(Farah Ann Abdul Hadi) There are tons of financial newsletters but the only one I read religiously is Maudlin Economics. ...