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Archive for the ‘Business’ Category
Will there be a new flood of FTs and bloodshed of locals in finance industry?

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... 

Angmo company Inchcape kicks out local staff and replaces them with own expats

Angmo company Inchcape kicks out local staff and replaces them with own expats

The news that infuriated me is this published by ST today. ST reported that Inchcape, the motor distributor based in UK, is moving angmo expats to fill the roles of Singapore staff who were retrenched by the company earlier. If you remember, it was reported on 30 Dec last month that Inchcape would be retrenching 120 local staff... 

Dr. Chee: Another one thick on tired rhetoric?

Dr. Chee: Another one thick on tired rhetoric?

If Mr Ong Ye Kung’s briefing on the soon-to-be-released Committee of Future Economy (CFE) report is anything to go by, it looks like another one thick on tired rhetoric. He said: One, Singapore has to identify areas of future growth like trade, its airport and seaport, and the digital economy. (Haven’t we been doing these... 

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