I suggest that with a bit of brain left just live a simply low key life and focus on your personal improvement. Think yourself as a global citizen instead of a shittyzen to survive for the next phase (meaning if you need to move to another country, go for it).
"numero uno", you forgot to add one more passe strategy this government is still chasing. The strategy of given perks and tax breaks (typically directed by EDB) to Multinationals so as to "create jobs".
Unfortunately Singapore is a very expensive place now with mid to senior executives salaries on par with people in US and Europe (which suffering economic contractions since the financial crisis in 2008). Thus this MNC just parachute lots of angmos into Singapore (partly to save their jobs in the west). Worst is because the economic downturn, the angmos who came here now behave even in a more racist manner (tribal mindset which will typically increase when people are fighting for resources), either prefer to hire their own or some bootlickers (Ah-Neh, Pinoys). I will advise you to walk into any Angmo MNC (which is part of my job, and also info from friends), you will find Singaporeans a minority (20-30%), with even junior HR/Finance executives also foreigners. Mind you, these are not lousy blue collar or service industry jobs but actual white collar corporate roles. Singaporeans too fussy to choose them?
You can ask around and will find alot of these angmo (not all) playing politics, relax relax lifestyle, fly around to exotic holidays (Bali, Phuket), party all the time and rarely work (other than management by Excel Sheet and Powerpoint Presentations). The lower ranking Pinoys and Foreign Indians (again not everyone) are so ineffective in their work which is the culture brought in from their homeland ("yes yes" but then never actually complete the work when timeline is due).
The whole strategy has broken down so much (compared to back to 80s/90s when only senior management is angmo), that government agencies like IDA and stat-boards are creating lots of bullshit "program manager/project manager" etc jobs to save some PMETS who are laid off or politically pushed out from the MNCs.
To be fair most Singaporeans basically lack vision or guts. The local management mindset is still stuck in the 80s and all the "innovation" or "entreprenuership" talk are just lip-service. Plus I personally think many locals are frog-in-the-well, lack sense of artistry or quality. Just look at our local food brand companies like Super Group and BreadTalk. The branding and quality is like shit. SuperGroup products are so bad tasting that the Malaysian brands are killing them (just look at their share price and mumbo jumbo talk about building markets in South East Asia when even "third world countries" like Malaysia and Thailand produced far better packaging and tasting brands). Ding Tai Fung branding and business processes were created by the Taiwanese and only franchised by the local BreadTalk owner. You can walk into the Thai luxury malls which has the wow factor way way ahead of Singapore. The local mediacorpse content has the ugliest actors and worst acting capability in the region (compare to the actors in Thailand and Philippines). So there really nothing about quality or innovation. I laughed so hard when LHL went to Silicon Valley and ask those Singaporeans to come back. PLEASE!
Just look after yourself, your mind and your body. Be ready for the next massive tremor to come.