The Independent Singapore / Get ready for a new flood of FT’s and bloodshed of locals in finance industry

The Independent Singapore
The Independent Singapore / Get ready for a new flood of FT's and bloodshed of locals in finance industry
The Independent Singapore
The Independent Singapore / Get ready for a new flood of FT’s and bloodshed of locals in finance industry

Look at Independent Singapore spreading fear and panic to create anti-foreigners and anti-govt sentiments? Even if there are any foreign take overs, they still need to abide to the MOM rules of hiring foreigners what!


Source:

  • http://www.channelnewsasia.com/news/business/mom-to-refine-workpass/2678560.htmlAnd while foreigners only account for 21 per cent of jobs within the Employment Pass (EP) range – salaries of S$3,300 and above – the ministry will be working to fight the perception that Singaporeans are a minority in their own country, said Mr Lim.

    Calling the situation pockets of “EP concentration”, the minister said that the ministry will refine the processing of workpass applications for EPs. While current processing only assesses “individual related” critera – such as the qualification, experience and salary of the applicant, “company related” factors will be looked at in future:

    1. How strong the Singaporean core is in the company
    2. Whether firms with a weak Singaporean core have a commitment to nurture and strengthen the core in future
    3. And how relevant these companies are to Singapore’s economy and society

    The assessments will be carried out by the Tripartite Alliance for Fair Employment Practices (TAFEP), and “Triple Weak” companies will be added to a “watchlist”. TAFEP has already served notice on 100 companies, said Mr Lim.

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