FT Island!

[Ktglfc]

 

Lol, that means if there are 100,000 unemployed singaporeans. they will put as 99,999 as retired, self-employ or not looking for job.....

last one put as deceased.....that one will make our employment rates look good.......

 

Huh... like that I cannot trust whatever the media reported liao...

Take it with a pinch of salt

[Enye]

another "new citizen" doing the usual thing. carrying balls

 

 

 

http://therealsingapore.com/content/deutsche-bank-hires-many-indian-nationals-high-paying-positions

 

https://www.facebook.com/therealsingapore/posts/911213568923811

 

 

http://forums.hardwarezone.com.sg/eat-d ... 26385.html

 

OOOUV68.jpg

 

bank VP work @ open desk? not even a cubicle with walls?

 

[SuPerBoRed]

sometimes it is good to take note of such threats or seditious comments otherwise we will have a "Pearl Harbour" in SG whereby the Americans at that time ignore and underestimate such information that their rivals is on their way....

 

there are also a few cases happening in the states where a korean boy posted video online stating he want to kills his classmates and teachers and no body bother or in your own words

" No point waste our time over a single FW... "

 

no one bothers then.. what happen? why must wait things to actually happen then start to push blame to each other and then learn......

 

ok.. u piqued my interest...

 

pray tell wat that dumb pinoy has said constitutes a viable threat which would warrant a police investigation?

[Kangadrool]

wu yay boh?

 

 

mai spread hate

 

Singaporeans fully employed

we really need these foreigners to work

 

http://news.asiaone.com/print/news/business/tight-labour-market-get-even-tighter

Tight labour market to get even tighter

Tuesday, January 6, 2015 - 10:33

Chuang Peck Ming

The Business Times

Some economists are predicting that the clarion call to labour-starved bosses to be more productive will sound louder this new year because there are now fewer housewives and retirees to woo back to work.

Labour force participation rates among women and older folk climbed to new highs in 2014 - 58.6 per cent for women and 68.4 per cent for men aged 55 to 64. Economists say these levels are about the limit already, which means the last sources of such workers for employers may soon be depleted.

United Overseas Bank's Francis Tan said: "The government has done all it can to help companies bring back these workers, but there's still not enough of them. It's going to be harder because this pool is drying up."

He added that when the demand for part-time workers picks up in the months ahead, the reality of there being fewer housewives and retirees returning to the job market will probably sink in.

The timing can hardly be worse. Economists expect that even more hands are needed on deck this year, in an already tight labour market, to help out with Singapore's 50th birthday bash; other major events on the calendar, such as the South-east Asian Games, will also create job vacancies.

CIMB's Song Sen Wun said that shops, restaurants and hotels would need to hire more workers to cope with the increased business.

Elaine Ng, managing partner of HRBS, a human-resource consultancy firm, added: "In the retail sector, humans are still needed to serve the customers; machines can't be employed."

But where are the bosses going to get the extra workers when even housewives and older Singaporeans are hard to come by?

The economy has been in full employment, making workers scarce. The last available official figures pointed to a 2 per cent jobless rate last September; economists and professional recruiters such as Adecco believe that the unemployment rate would remain largely the same this year and even beyond.

OCBC Bank's Selena Ling said: "If the global recovery pans out while the supply-side policy curbs remain intact, then the unemployment rate will stay at historically low levels in the near term."

The government has said that there would be no more drastic curbs on the import of foreign workers, but levies on these workers have been raised to levels that have deterred hiring - and there is still one more increase in the levy to come this July.

Tightening the tap on foreign workers is a key move to restructure the economy and raise productivity. Ng Wei Wen of ANZ Bank said that such supply-side restructuring moves would continue to pose a big challenge to businesses in 2015.

CIMB's Mr Song said that many small and mid-sized firms (SMEs) are not up to it, with DBS Bank's Irving Seah expecting more firms being forced to close shop or lay off workers this year.

Restructuring has made many workers redundant, though they have been able to land jobs quickly because there have still been many openings. The number of laid-off workers jumped from 2,410 in the second quarter of last year to 3,500 in the third quarter, the latest figures from the Ministry of Manpower show. More than half of these redundancies (58 per cent) were in services.

But the labour crunch is likely to stick around, with employers having fewer sources of workers.

UOB's Mr Tan, noting that the push to rehire housewives and retirees and to boost productivity was the government's answer to the labour shortage, said that employers have only one avenue left - which is to raise productivity.

The government aims to double productivity growth to 2-3 per cent yearly by 2020, but has had little progress to report in the last five years; Mr Tan and DBS's Mr Seah separately estimated that overall productivity growth was zero during the period.

CIMB's Mr Song said: "The big companies have responded to the productivity drive and pulled up their socks, but many SMEs - and SMEs make up the bulk of the numbers - have not made much progress."

The productivity lag caught the attention of Prime Minister Lee Hsien Loong, who lamented in his new year message that productivity growth had been weak for the third year in a row, and that in the first nine months of 2014, it was minus 0.5 per cent.

"We must do better," he declared, and asked for effort to be put into helping companies and workers upgrade and become more productive.

The poor productivity performance would have put a lid on sharp pay hikes; salary increases have stayed pretty tame despite an over-stretched labour market and relatively high inflation: The nominal median monthly income for full-time resident workers rose just 1.8 per cent over the year in June 2014.

Economists and human-resource practitioners say high costs and greater competition in a slow-growing economy have also played a part to moderate wage rises.

HRBS's Ms Ng, who predicts wage hikes of 4 to 5 per cent this year, said: "Employers, though facing a tight labour market, are not going to price themselves out of the market and solve this problem by increasing salaries of their workers unduly."

Productivity must thus rise to support real wage increases - and this reality is likely to hit home this year because employers will have few solutions to their labour shortage.

Still, many companies - the SMEs in particular - remain trapped in a vicious cycle. They have not been able to spare the workers for training and upgrading because they have already been so short-handed, and there is a limit to the degree they can automate, especially in the services sector.

A tighter labour market is not necessarily going to help; it may give companies an even bigger headache. But they have little choice. The alternative is to pull down the shop shutters.

 

 

[SuPerBoRed]

 

bank VP work @ open desk? not even a cubicle with walls?

 

honestly... its not juz deutsche.... so many many more..

 

many FWs are in high paying jobs as well.. with very decent housing allowances... just look at those in district D10... and there level of success? rarely tangible.

 

for this... our 3 big locals are really much better... at least make decent effort to support singaporeans

[frenchfly]

 

bank VP work @ open desk? not even a cubicle with walls?

 

 

run to carry balls would be faster cos no need open door

[Mustank]

wu yay boh?

 

 

 

 

[Duckduck]

 

honestly... its not juz deutsche.... so many many more..

 

many FWs are in high paying jobs as well.. with very decent housing allowances... just look at those in district D10... and there level of success? rarely tangible.

 

for this... our 3 big locals are really much better... at least make decent effort to support singaporeans

 

if u rook at our garmen linked coys, they hire alot of singies, but look at MNC mostly FTs, so question is y garmen allow MNC to open shop n not give locals a fair shot at learning n working in an MNC? Open MNC here simply to benefit corporate tax haven, or also benefit local skillset? quite obvious answer

 

if MOM wana investigate, just goto JPM, deutsche bank etc in their FX trading floor n count how many singies... prob use only 1 hand...

 

Edited January 6, 2015 by Duckduck

[Evillusion]

 

ok.. u piqued my interest...

 

pray tell wat that dumb pinoy has said constitutes a viable threat which would warrant a police investigation?

err...u didnt read how he demean the malay and muslim people har? If SG lang did that kana lim kopi liao! Somemore make fun of a certain phrase!

[SuPerBoRed]

err...u didnt read how he demean the malay and muslim people har? If SG lang did that kana lim kopi liao! Somemore make fun of a certain phrase!

 

really?

 

me old school... still in dumb age... you guys are my source of info.. keke

then can use ISA on him rite??

[Evillusion]

 

really?

 

me old school... still in dumb age... you guys are my source of info.. keke

then can use ISA on him rite??

haha....i was thinking to repost what he said but decided against it. Its that bad! Edited January 6, 2015 by Eviilusion

[ShellVpower]

 

mai spread hate

 

Singaporeans fully employed

we really need these foreigners to work

 

http://news.asiaone.com/print/news/business/tight-labour-market-get-even-tighter

Tight labour market to get even tighter

Tuesday, January 6, 2015 - 10:33

Chuang Peck Ming

The Business Times

Some economists are predicting that the clarion call to labour-starved bosses to be more productive will sound louder this new year because there are now fewer housewives and retirees to woo back to work.

Labour force participation rates among women and older folk climbed to new highs in 2014 - 58.6 per cent for women and 68.4 per cent for men aged 55 to 64. Economists say these levels are about the limit already, which means the last sources of such workers for employers may soon be depleted.

United Overseas Bank's Francis Tan said: "The government has done all it can to help companies bring back these workers, but there's still not enough of them. It's going to be harder because this pool is drying up."

He added that when the demand for part-time workers picks up in the months ahead, the reality of there being fewer housewives and retirees returning to the job market will probably sink in.

The timing can hardly be worse. Economists expect that even more hands are needed on deck this year, in an already tight labour market, to help out with Singapore's 50th birthday bash; other major events on the calendar, such as the South-east Asian Games, will also create job vacancies.

CIMB's Song Sen Wun said that shops, restaurants and hotels would need to hire more workers to cope with the increased business.

Elaine Ng, managing partner of HRBS, a human-resource consultancy firm, added: "In the retail sector, humans are still needed to serve the customers; machines can't be employed."

But where are the bosses going to get the extra workers when even housewives and older Singaporeans are hard to come by?

The economy has been in full employment, making workers scarce. The last available official figures pointed to a 2 per cent jobless rate last September; economists and professional recruiters such as Adecco believe that the unemployment rate would remain largely the same this year and even beyond.

OCBC Bank's Selena Ling said: "If the global recovery pans out while the supply-side policy curbs remain intact, then the unemployment rate will stay at historically low levels in the near term."

The government has said that there would be no more drastic curbs on the import of foreign workers, but levies on these workers have been raised to levels that have deterred hiring - and there is still one more increase in the levy to come this July.

Tightening the tap on foreign workers is a key move to restructure the economy and raise productivity. Ng Wei Wen of ANZ Bank said that such supply-side restructuring moves would continue to pose a big challenge to businesses in 2015.

CIMB's Mr Song said that many small and mid-sized firms (SMEs) are not up to it, with DBS Bank's Irving Seah expecting more firms being forced to close shop or lay off workers this year.

Restructuring has made many workers redundant, though they have been able to land jobs quickly because there have still been many openings. The number of laid-off workers jumped from 2,410 in the second quarter of last year to 3,500 in the third quarter, the latest figures from the Ministry of Manpower show. More than half of these redundancies (58 per cent) were in services.

But the labour crunch is likely to stick around, with employers having fewer sources of workers.

UOB's Mr Tan, noting that the push to rehire housewives and retirees and to boost productivity was the government's answer to the labour shortage, said that employers have only one avenue left - which is to raise productivity.

The government aims to double productivity growth to 2-3 per cent yearly by 2020, but has had little progress to report in the last five years; Mr Tan and DBS's Mr Seah separately estimated that overall productivity growth was zero during the period.

CIMB's Mr Song said: "The big companies have responded to the productivity drive and pulled up their socks, but many SMEs - and SMEs make up the bulk of the numbers - have not made much progress."

The productivity lag caught the attention of Prime Minister Lee Hsien Loong, who lamented in his new year message that productivity growth had been weak for the third year in a row, and that in the first nine months of 2014, it was minus 0.5 per cent.

"We must do better," he declared, and asked for effort to be put into helping companies and workers upgrade and become more productive.

The poor productivity performance would have put a lid on sharp pay hikes; salary increases have stayed pretty tame despite an over-stretched labour market and relatively high inflation: The nominal median monthly income for full-time resident workers rose just 1.8 per cent over the year in June 2014.

Economists and human-resource practitioners say high costs and greater competition in a slow-growing economy have also played a part to moderate wage rises.

HRBS's Ms Ng, who predicts wage hikes of 4 to 5 per cent this year, said: "Employers, though facing a tight labour market, are not going to price themselves out of the market and solve this problem by increasing salaries of their workers unduly."

Productivity must thus rise to support real wage increases - and this reality is likely to hit home this year because employers will have few solutions to their labour shortage.

Still, many companies - the SMEs in particular - remain trapped in a vicious cycle. They have not been able to spare the workers for training and upgrading because they have already been so short-handed, and there is a limit to the degree they can automate, especially in the services sector.

A tighter labour market is not necessarily going to help; it may give companies an even bigger headache. But they have little choice. The alternative is to pull down the shop shutters.

 

 

I don't think I need to elaborate the quality of our MSM.

You really need to get your sanity checked if you readily believe everything publish by the MSM. LOL!!

[Jayy25]

err...u didnt read how he demean the malay and muslim people har? If SG lang did that kana lim kopi liao! Somemore make fun of a certain phrase!

 

yup he made a lot of negative comments in his google+, youtube and facebook since Aug 2014...

 

probably that time no one actually bother or simply take it with a pinch of salt until the recent one... where he threaten to take over SG and enslaved the women and kill off the men that certainly get most SG folks work up...

 

what is interesting is exactly a year ago at this time when the Indonesians named their warship after that 2 marines whom bombed Sg way back..... why did the SG govt unhappy about it since it is history and during my reservist at that period, my CO and the high ranking officers even had a session with my battalion about why the Govt is unhappy about the naming and what we can do as soldiers to protect our country blah blah....

 

now, we have this pinoy guy but authorities kept quiet. why? simply because govt bodies only work when thing actually happen then they start to wayang or play the blaming game.

 

look at the jover chew, Bukit batok rats, and now this pinoy joker...... until the things get out of hand they will step otherwise they also bo chup and I'm not surprise if any minister step forward to say Singaporeans should look at ourselves why the pinoy called us "Loosers" the next few days or weeks

 

[Skymax]

I never believe our MSM news, their ranking dropped to 151 above North Korea below Myanmar for a reason, utter untruth and fabrication. Can also say "put wool over your eyes"

Now, thru social media, we heard about Jover, Anton, Ello , and many more PMET losing job/self esteem/etc. Now thats more newsworthy.

The rate things are going, before long, everything will be foreign in no time like our Sing post, Singapore Power. I fear for my next generation, don't you?

[Scion]

被指在面簿侮辱新加坡人的菲国男护士暂调做行政工作。

 

《新明日报》昨日报道一名来自菲律宾目前在陈笃生医院工作的男护士面簿上竟出现辱骂国人的贴文指新加坡人在自己的国家都是失败者迟早会被菲律宾人取代等诋毁性内容。

 

男护士也在留言中诅咒新加坡人说希望新加坡会发生巨大灾难当新加坡人全都死光时他就会高兴地庆祝。

 

男护士的留言一出立刻引起网路轩然大波网友疯传他的留言谴责声四起。许多网友纷纷批评男护士的言论并为国人以及病人的安危感到担忧。有人也呼吁医院辞掉这名男护士。

 

不过陈笃生医院昨日说男护士声称他的面簿被人入侵并且已经报警处理。

 

完整报道请翻阅06.01.2015《新明日报》。

[ChickenMob]

 

Huh... like that I cannot trust whatever the media reported liao...

Take it with a pinch of salt

 

Hahahaha I never trust those sitting high above words........

 

they say $1000 can buy HDB, I trusted them.....in the end I am still paying a lot of loan every month ...

OT got AT meh ?

 

 

 

bo leh.....only see thai , Vietnam and Pinoys.....

 

but long time no go liow.......maybe invaded also.....lol

[Yuan]

 

Huh... like that I cannot trust whatever the media reported liao...

Take it with a pinch of salt

 

I trust the media for football news niah. Like the EPL scores over the weekend.

[Coolad]

 

Who own asiaone har?

 

So many FT... they bring there "hire own kampong" culture... all rise up PMET rank liao.. tat's Y labor crunch at low level jobs again... so wat's the solution from our dear multi-million paid MIW... import more lah....