It's coming up roses: 100,000 more talent as economy fastest in world

[besotted]

Singapore
Home > Breaking News > Singapore > Story
Jul 14, 2010
100,000 more foreign workers
By Chua Chin Hon, US Bureau Chief

HOUSTON (Texas)- SINGAPORE can expect the number of foreign workers to increase by at least 100,000 this year in response to the demands of the booming economy, said Prime Minister Lee Hsien Loong.

Speaking to the Singapore media here on Tuesday as he wrapped up a six-day visit to the United States, Mr Lee said the government had taken steps to moderate the number of foreign workers, but a rise was inevitable given the strong growth.

He added: 'It cannot be helped because with the market so tight, if we don't allow the foreign workers in, you are going to have overheating.

'But we are managing the number of foreign workers. Their levies are being calibrated to moderate the inflow.

'But even with that, I would imagine there would be more than 100,000 extra foreign workers this year. I cannot see it otherwise. We have to accept that.'

The Ministry of Trade and Industry released fresh economic data and estimates on Wednesday morning showing that Singapore's economy could grow by 13 to 15 per cent this year, up sharply from the earlier forecast of 7 to 9 per cent.

 

[besotted]

Singapore
Home > Breaking News > Singapore > Story
Jul 14, 2010
World's fastest growing economy

SINGAPORE looked set to become the world's fastest-growing economy on Wednesday after the government upgraded its 2010 forecast to a blistering 13 to 15 per cent expansion, economists said.

The new forecast, up sharply from earlier predicted 7-9 per cent growth, outstrips estimates of around 10 per cent growth in regional powerhouse China and came despite lingering worries over the US economy and Europe's debt crisis.

'Singapore will be the strongest growing economy in Asia for the year and probably in the world,' said Song Seng Wun, a Singapore-based regional economist with CIMB Research.

David Cohen, a regional economist with research house Action Economics, said Singapore will 'probably come on top of the charts worldwide.'

Mr Cohen, however, said this should be seen in the context that Singapore's economy contracted by 1.3 per cent last year due to the global economic crisis, while China's gross domestic product (GDP) grew at around 9.0 per cent Robust demand for Singapore's manufactured exports, particularly biomedical products, resulted in the sharp upgrade for the trade-driven island's GDP growth forecast.

Growth in the first quarter was 16.9 per cent from a year ago, the Ministry of Trade and Industry said, while second quarter expansion is estimated at 19.3 per cent. -- AFP

 

[no_faith]

Singapore
Home > Breaking News > Singapore > Story
Jul 14, 2010
100,000 more foreign workers
By Chua Chin Hon, US Bureau Chief

HOUSTON (Texas)- booming economy, said Prime Minister Lee Hsien Loong.

booming??? increase more FT? wat kind of joke is that?:oIo:

 

[besotted]

Can't you feel it? Everywhere is packed with activity, businesses booming, rents rising as demand surges. The economy is strong...strongest in the world

 

[red amoeba]

erections coming...hazard a guess? Jan / Feb 2011...around CNY....

 

[scroobal]

We aleast got to to be grateful that the SPH managed to track him to Houston to get a quote on local matters. One day hopefully he can be seen and heard in Singapore.

 

[makapaaa]

He added: 'It cannot be helped because with the market so tight, if we don't allow the foreign workers in, you are going to have overheating.
=> In other words, he is telling Sporns have a max wage, but no min wage. You sure want this kind of Sell Country Thief to be PeeM???

 

[makapaaa]

The new catch phrase from Ass Loon:

'It cannot be helped.'​

 

[no_faith]

he is telling the the 66% of the ppl. faster take more loans, go buy more units, buy bigger cars etc.
gt high interest nvm. the future is bright, u can pay off the debts.

 

[metalslug]

汉奸!!

叛徒!!

卖国贼!!​

 

[Blazars]

'But we are managing the number of foreign workers. Their levies are being calibrated to moderate the inflow.

'But even with that, I would imagine there would be more than 100,000 extra foreign workers this year. I cannot see it otherwise. We have to accept that.'

I thought the last few years there was an overflow of the FT/FW coming in? Aren't we suppose to use them to offset for this 1-2 years? Now is already june and we stil need another 100k??!! This govt is amazing!!
!&!!

 

[wrcboi]

He added: 'It cannot be helped because with the market so tight, if we don't allow the foreign workers in, you are going to have overheating.
=> In other words, he is telling Sporns have a max wage, but no min wage. You sure want this kind of Sell Country Thief to be PeeM???

66.66% approved it and they are happy with that...they are willing to earn 20k and pay 15k to the company......what can u do about it???

i already give up hope!!! get F everytime by friends for being critical to the company....

 

[gerard126333]

Learn from Australia....
http://news.smh.com.au/breaking-news-national/gillard-rejects-rudds-big-australia-20100627-zbov.html

 

[garlic]

The issue is not tight labour market or not enough skilled or unskilled labour. The problem is Singapore has a lack of employers willing to pay decently or at market rate... and that is a fact which PAP, being the largest employer in SG does not want to face..

 

[besotted]

Initially I prefer to hire Singaporean

Then I realise they have very bad work attitude and like to talk back

With PRC and Pinoy work attitude so good, it cannot be helped that my business boomed because of these FT

Especially PRC so hardworking, always ask me if there is overtime, if there is more they can do

Waiter also help in kitchen, help cleaning, help sales

Sinkie waiter only wait, or else relak one corner no initiative