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Knowing the the economy is going to get worse, the PAP needs to get the election over with ASAP. The following are 4 key policies which will be implemented only immediately after the election otherwise can have impact on the election result. Thus everything is being done to keep the economy limping along for the next few months.
1. More PMET work pass holders will be approved only after the election for obvious reason. Every time Sinkies talk about PMET jobs, the PAP turns the conversation to about the need for foreign workers in construction and other essential services.
2. The GST will increase to 10% to replenish the reserves. Incidentally the reserves have been used to support foreigners as well.
3. Reduce the interest on CPF. Again having used so much of the reserves no longer can pay a higher interest than the bank.
4. Mass retrenchment will commence after the election. SIA employees will not be protected and there is no requirement to retrench foreigners first.
1. More PMET work pass holders will be approved only after the election for obvious reason. Every time Sinkies talk about PMET jobs, the PAP turns the conversation to about the need for foreign workers in construction and other essential services.
2. The GST will increase to 10% to replenish the reserves. Incidentally the reserves have been used to support foreigners as well.
3. Reduce the interest on CPF. Again having used so much of the reserves no longer can pay a higher interest than the bank.
4. Mass retrenchment will commence after the election. SIA employees will not be protected and there is no requirement to retrench foreigners first.
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