GMT : Tue, 21 Feb 2017, 04:31

Will there be a new flood of FTs and bloodshed of locals in finance industry?

Bloomberg published a news article yesterday (14 Feb) saying that the government will now allow foreign takeovers of Singapore’s three finance companies, as part of wider industry changes.

The 3 affected finance companies are: Hong Leong Finance, Sing Investments & Finance and Singapura Finance.

Foreign institutions are known to notoriously replace our local staff with their own foreign kakis when given a chance.

In fact, the situation got so bad that then Manpower Minister Tan Chuan Jin and DPM Tharman got to go down to have a “chat” with those foreign CEOs of the foreign banks. This was disclosed by Minister Tan himself in parliament few years ago.

Unfortunately, anecdotal evidence shows that these foreign managements are just paying lip service. Local staff continue to be sacrificed.

So, it may very well look like if the 3 local finance companies are taken over by foreign entities, be prepared for a new exodus of our local staff and new flood of FTs into our finance industry. More people will be lining up to seek help from their MP soon.

*Facebook post by We want Minister Grace Fu to resign

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13 Responses to “Will there be a new flood of FTs and bloodshed of locals in finance industry?”

  • rukidding:

    Kenna “Betrayed” by “traitors”…better known as Pimps and prostitute ( P.a.p.) gang !

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  • Evil Tyrant and PAP Terror:

    $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

    EviI PAP terror … the undertakers business profits reach all time high every year for our dead locals !!!

    $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

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  • thebastardPAPparty:

    rukidding:
    Kenna “Betrayed” by “traitors”…better known as Pimps and prostitute ( P.a.p.) gang !

    US and UK smart

    the vote for trump and BREXIT

    those farking PAP

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  • opposition dude:

    Good lah, eventually every single business and landlord will also be foreign owned. Might as well go all the way right, why stop at only certain companies.

    Thanks again ah, 70%!

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  • LIONS:

    Of course,the young educated voters have given the green light for the PAP to do so.

    What do these young voters think?
    Keep their jobs till 65?!

    Even my pet dog understands as much.

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  • UniQ:

    Anyone asked why the sudden laylong of these 3 institutions ? What happen to the dream of making Singapore a Financial Center ?

    Is Singapore so badly in need of $$ or there is another story of how these entities can be channel to some ‘preferred’ owner/shareholders interest ?

    Hmmmm……..

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  • William C:

    They are selling all and ran road. Then Sinkies will be stateless like the Rohingya.

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  • Bapak:

    William C:
    They are selling all and ran road. Then Sinkies will be stateless like the Rohingya.

    This one l agree. I see it coming too.

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  • raja gupta:

    sure,member-get-member campaign will go on and on with the PAP’s consent.

    check this out.
    one indian named gupta heads DBS and found another SVP at SEMBCORP?

    Are they related?

    real talents or not?

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  • Python 5:

    https://sg.linkedin.com/in/technologycommercializationexe
    1986 start working. 1990 can become CEO????

    the rest of the sembcorp top brass:

    SVP Business Development at SembCorp Industries Ltd
    Hayley Pham

    Head- Investments, Sembcorp Green Infra Limited
    Nomi Ahmad

    Senior Vice President, Group Business Development & Commercial at SembCorp Industries Ltd
    Juvenil Jani

    Chief Financial Officer at Sembcorp Green Infra Limited
    Chaturvedi Sanjay

    Senior Vice President at SembCorp Industries Ltd
    Gurmeet Chadha
    AVP-HR at Sembcorp Green Infra Limited

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  • Lye Khuen Way:

    Add me as well, ” Bapak “. Our once fine country has been on sale for some time already. Treacherous? Just replaying what a few did some 75years ago.

    They even renamed The Old Ford Factory after what the Invaders wanted this British Singapore to be known.

    Bapak: This one l agree. I see it coming too.

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  • mingyang meets ahloong:

    when u invite an indian ah neh, his whole village will come….

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  • Bapak:

    thebastardPAPparty: US and UK smart

    the vote for trump and BREXIT

    those farking PAP

    Because Sinkies bo lam par type.

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