Tag: economy

  • Positive Outlook For Singapore Economy In Immediate Future

    Positive Outlook For Singapore Economy In Immediate Future

    With a strong pipeline of investments, the overall outlook for Singapore looks positive in the immediate future, said Minister for Trade and Industry Lim Hng Kiang.

    However, he also cautioned that Singapore faces some challenges in the immediate one to two years – these include an ageing population and the task of matching Singaporeans’ aspirations.

    Mr Lim was speaking during a visit to the Braddell Heights ward on Sunday (Feb 1) – his first visit in 20 years. During a dialogue with residents of the ward, he was asked for his take on Singapore’s future economy and population.

    Citing a 2011 World Bank study of 101 middle-income countries, Mr Lim noted that Singapore was one of just 13 countries that managed to move from middle- to high-income, over a period of 50 years.

    But he stressed that Singapore still has to be cautious: “What it means for us as we celebrate 50 years is – number one, it is not very easy to become a high income country; and number two, it is also not very easy to stay there.

    “There is a lot of competition and if you mismanage like some countries – for example Greece – you can drop very quickly and the drop need not be gradual, it can be a very severe drop over a period of five years. As we look after Singapore and we look to our future, let us be careful and reinforce those things which make us successful. Let us also be careful not to fall down the slippery slope and end up with such problems.”

    With investments coming into Singapore and local companies investing overseas, Mr Lim said he is confident that the country will be able to maintain steady growth of between two and four per cent. This is because of Singapore’s strong pipeline of investments, the Economic Development Board still being able to attract investments to Singapore, and Singapore companies investing overseas – which allow them to generate good jobs with their headquarters in Singapore to look after their overseas subsidiaries.

    However, he cautioned that there may be some ups and downs. One challenge is the slowdown in Europe, China and Japan’s economic engines.

    “We have to find new opportunities for our companies. But overall, we are still optimistic that we can generate the jobs and the big challenge now is how to match Singaporeans with these jobs,” said Mr Lim.

    “HUMAN RESOURCE IS THE BEST AND ONLY RESOURCE WE HAVE”

    Thus the need for Singapore’s focus on education and training. “Human resource is the best and only resource that we have. Other resources, like land and energy, will face greater constraints. If you look at what we’ve achieved in the last 50 years and look ahead to the next 50 years, there’s optimism we can do more,” said Mr Lim.

    He cited how in 1966, only half of Singaporeans continued education past the primary six level. This is reflected in a high percentage of the current workforce having primary and secondary level qualifications.

    But Mr Lim noted that this demographic has changed – more than 50 per cent of those who are under 30 and entering the workforce are now graduates. Another 30 per cent are polytechnic graduates, with less than 15 to 20 per cent having primary or secondary school qualifications.

    He said that while an increasingly educated workforce is welcomed, this poses challenges as well and the economy has to adapt: “If your restaurants depend currently on the older workers with less education to be serving them – 10 to 15 years from now, these people will not be in the workforce. Your new workforce are polytechnic diploma holders and graduates. Therefore, you have to restructure your service industry to cater for this new profile of workers.

    “In MTI and MOM, we are very concerned and we study all these statistics very carefully… The objective given to us is to make sure we are able to restructure the economy, make sure we can generate good jobs that satisfy and meet the aspirations of our new workers.”

    About 280 people attended the dialogue, which lasted for over an hour. Questions ranged from Singapore’s education system, to changing consumer habits and the Central Provident Fund. One participant also asked what the role of SMEs looks like in Singapore’s future. Mr Lim said that moving forward, it will be key to have a strong pipeline of startups and SMEs, and to facilitate local SME tie-ups with big companies and foreign SMEs.

     

    Source: www.channelnewsasia.com

  • Foreign-Born Singapore Citizen Thinks More Singaporeans Now Think They Are Owed A Living

    Foreign-Born Singapore Citizen Thinks More Singaporeans Now Think They Are Owed A Living

    From “overfussiness” and complacency to an inability to accept criticism, many things about Singaporeans’ attitudes to work irk Mr Victor Mills. The Northern Ireland-born Singapore citizen, 55, who took over as chief executive of the Singapore International Chamber of Commerce (SICC) last June, speaks his mind to Walter Sim.

    What was your first impression of Singapore when you arrived 30 years ago?

    When I graduated (with a master’s in East European Political Science from the University of London), it was during a major recession and there were no jobs.

    So I joined an international bank and was first posted to Hong Kong, and then Singapore in 1985.

    What really impressed me about Singapore was that it preached good race relations – and actually had them.

    This was different when compared to Northern Ireland (which had a lot of political violence at the time due to the Protestant and Catholic conflict) and it was the first thing that struck me about Singapore.

    What also struck me, which we have since lost, is that Singapore was much more egalitarian and relaxed back then.

    People didn’t wear suits. They certainly didn’t wear ties – even the Government or businessmen. Anybody could talk to anybody.

    How have things changed?

    We’re now going through a period I saw in Hong Kong in the 1980s.

    The level of materialism – what you wear, where you live, what you drive, what you wear on your wrist – has become a key determinant of the value of human life. This is absolute nonsense.

    But it’s the unintended consequence of the fantastic economic success which we have enjoyed. In our headlong rush for more money, a lot of values seem to have been lost.

    The ability to communicate with anybody else is less evident, and people now, generally, want to interact only with people of their own perceived social group.

    So we’re now a more stratified and polarised society, which is why you hear people longing for the return of the kampung spirit.

    What impact does Singapore’s success have on workplace attitudes?

    There are lots and lots of people – more than before – who feel that life, their employer and the Government owe them a living.

    This has manifest itself in an overfussiness or a sense of entitlement which businesses, whether large or small, foreign or local, have been telling me about.

    They all say the same thing. The problem may vary in degrees in different sectors, but it exists across all sectors.

    But please don’t get me wrong. There are hundreds of thousands of my fellow citizens who do a fabulous job, day in and day out.

    One issue that has become a challenge for many businesses is excessive job-hopping. This has come about only because of our economic success and a very tight labour market.

    I have seen one extreme example in the SICC. We had employed an assistant finance manager who had a lovely personality with all the right experience and skills.

    We thought we hit gold. But she turned up for work for just one day and then disappeared.

    When we tracked her down a few days later – she was not answering her phone – she said: “It just wasn’t for me.”

    But my response was: “How could you possibly know after just one day? You are not giving yourself or the organisation a chance.”

    It’s an extreme case, but there are just too many stories of people leaving their jobs after a couple of months. I’ve not seen so many morose people in the workforce.

    All this job-hopping is stressful, and it doesn’t produce a lot of happiness. Yes, it may give $50 to $100 more in the pay packet but it doesn’t produce satisfaction.

    It is fine to say: “Look, I’ve given this 18 months, two years and it’s not for me. I’ve tried everything and raised issues. But it’s time to move on.”

    That’s healthy. What is unhealthy is not turning up for work because you don’t like it.

    It’s bad for businesses because it increases costs unnecessarily. The churn is just constant, and they have less time to focus on executing their business strategies.

    What other issues have you observed?

    Another problem is the unwillingness to accept feedback, even when given constructively.

    The attitude now is that if you don’t like me, I’ll go. People think they are great and are unwilling to believe that they can learn something as an employee.

    Distance is also another issue.

    I know of an industrial fragrance company which invested $25 million in Singapore. But they could not get a Singaporean to do the job. No matter what they paid, there were no takers because there was no direct bus or train. Also, nobody could tahan (Malay for tolerate) the smell at the plant.

    I think all this is very disappointing. This was not the case 30 years ago. People then were very hungry for a job, and so they were willing to work. And worked hard.

    So all this suggests that people have a misplaced sense of entitlement, but not necessarily retained a sense of responsibility.

    Instead of a two-way street, the employer has to do all the walking. Some employees are not prepared to even meet their employers halfway.

    It’s only because we are so successful that we have a prevalence of these attitudes. People are no longer hungry enough.

    But now, if we have – God forbid – a dreadful recession or some cataclysmic event that curtails employment opportunities, I have every confidence in the pragmatism of my fellow Singaporeans that they will change tack and attitudes.

    How is Singapore unique in the workplace issues that you have observed? Don’t most, if not all, mature cities face such problems?

    There are those who say we have to accept this as a way of life and that we cannot do anything, that a tight labour market produces this sort of behaviour.

    I do not agree with that.

    We are a city-state and cannot behave like another developed country, which can rely on something else happening in a different sector or a different part of the country.

    There is a school of thought that the days of Singapore’s vulnerability are over. But my contention is that Singapore will always be vulnerable. This is because of our size and the geopolitical space where we are located. It will not take much to upset the very delicate balance we have spent 50 years building.

    So we have to be careful in order to sustain our society and way of life. Singapore is an incredibly special place, and not enough of my fellow Singaporeans realise that. We cannot afford complacency because, without a vibrant economy, we can’t exist as a society.

    What repercussions will Singapore face if the negative workplace attitudes persist?

    Our neighbours have not only caught up with us, but are now much more nimble than before.

    They’re capable of producing good-quality talent who can produce good output consistently. They also have a more realistic assessment of remuneration.

    I met a 29-year-old US Silicon Valley technopreneur last year who first came to Singapore in 2012 to launch a start-up.

    But when he arrived, he discovered many problems – among them was a shortage of good IT developers, unrealistic remuneration expectations. He was also disappointed with the quality and quantity of output.

    He cut his losses within one year and moved to Jakarta after having tried everything, including counselling his staff.

    So how can the Economic Development Board say “Come to Singapore, we’ve got the right workers” when companies will very quickly find out that, in large numbers, we do not?

    We need to watch our attitudes because it is indicative of our attractiveness as an investment opportunity on a sustainable basis.

    On salary expectations, Singapore has much higher standards of living than its immediate neighbours. Is it really unfair to expect more?

    That is a fair point. Of course, we have a more expensive lifestyle and the cost of living is higher, but we must make sure it does not get to the point where it undermines our competitiveness.

    This is why the Government has been putting in so much energy to communicate, and facilitate an increase in productivity.

    We need to sit down and talk about how to help people make that mindset change.

    It’s not meant to be some kind of highfalutin, ivory-tower academic debate. These are real rice-bowl issues!

    You have also been a passionate champion against workplace ageism. How big of a problem is it?

    Many talented people above 40, especially PMETs (professionals, managers, executives and technicians) who lose their jobs due to economic restructuring, cannot find jobs due to an extraordinary degree of ageism here.

    HR managers would look at their CVs and think they are too senior and probably stuck in their ways. But age is not the issue here. Rather, it is their skills, experience, capabilities and, above all, their potential.

    Admittedly among this group are people who do not want to take a pay cut because they think they are going to lose face. Or they do not believe in continual learning because they think that’s for young folk. That is wrong. Those attitudes must change too.

    How do you think Singapore could do better in the way it crafts its manpower or workplace policies?

    I don’t think we are lacking in policies, though I sometimes think we are lacking in their execution.

    Our manpower policy is a classic example, because it is a one-size-fits-all blunt instrument. What we need is a much more focused sectoral approach, and an honest assessment of which sectors Singaporeans want to work in and which sectors they do not want to work in.

    The policy itself is clever because it tries to wean businesses off a 30-year addiction to foreign labour, and a real effort to force companies to think about how to improve their processes.

    We cannot just hire an extra body anymore. But we must realise we are in danger of wage inflation if we keep the mistaken belief that if you pay more, Singaporeans will do these jobs.

    That may be so for some jobs, but for the vast majority that Singaporeans are not doing today, it’s because people have taken the conscious decision not to do those jobs.

    So it becomes a double whammy for businesses.

     

    Source: http://news.asiaone.com

  • Slow Wage Growth Likely To Persist

    Slow Wage Growth Likely To Persist

    For those who have placed the blame for slow wage growth squarely on cheap imported labour, this year’s headline figures in manpower would have been sobering. Despite sharp pullbacks in manpower inflows in the past few years — to the extent that the percentage of vacancies being filled by Singaporeans rather than foreigners this year hit its highest level since 2011 — average pay cheques, after adjusting for inflation, grew by only 0.4 per cent amid tight labour market conditions.

    And if Singapore’s struggles with boosting productivity persist, the picture on the wage growth front next year is unlikely to be any rosier, said economists, especially given the poor global economic outlook. The impending cessation of the Wage Credit Scheme (WCS), which subsidises firms for pay raises, will add another chokehold, they added.

    “Companies don’t want their margin to be squeezed. They want to save more, hold on to a profit margin, to prepare for the next year when there’s no more WCS,” said UOB economist Francis Tan. “Once you increase the wages, it will be hard to move them down again. And if … the workers are still not as productive as you want them to be, it can be quite dangerous for the existence of the company.”

    Labour productivity contracted 0.8 per cent year-on-year in the third quarter, worse than the 0.3 per cent fall in the first half, figures from the Ministry of Manpower showed. The first half of last year registered a 1.3 per cent decline, but this improved to 0.8 per cent growth in the second half.

    The repercussions of flagging productivity, as the International Monetary Fund (IMF) has warned, could extend to the whole of the Republic’s economy. With the tightening of the tap on foreign workers pushing up wages more quickly than productivity, not only will firms pass on the higher costs to consumers, but Singapore’s potential growth and competitiveness could also suffer a blow, the IMF said.

    DBS economist Irvin Seah noted: “Businesses are unable to pursue more orders because of this labour crunch. This will also prevent them from increasing their top-line, unless the productivity of the existing manpower is able to improve.”

    Besides sluggish productivity growth, OCBC’s Ms Selena Ling said companies face pressure from higher rental costs. Singapore is expected to top the rental forecast for Asia-Pacific cities, with a 25 per cent increase in office rents from this year to 2019, based on a report from property consultancy Knight Frank in September.

    In adjusting to these costs, business will take into account the differing flexibility of the various types of business costs. Between rental and wage costs, wages provide a “little bit more room for negotiation”, said Ms Ling.

    Agreeing, Mr Tan said many companies have been moving towards higher variable components in wages to help buffer against economic cycles.

    Workers who benefit from WCS — those earning below S$4,000 — are not considered as vulnerable as low-wage workers. But given the modest growth prospects next year, some economists speculate that the Government could extend the scheme.

    “At this moment, it looks like the United States is showing signs of much more broad-based sustained recovery, while the rest of the world is in different stages of recovery and slowdown,” noted CIMB Research economist Song Seng Wun.

    Mr Seah, however, noted that the WCS, which represents a form of government transfer, was never meant to last and that the more sustainable approach to boost workers’ pay is to equip them with the right skills.

    “Although I think our fiscal policies are gradually becoming more socialistic in nature, I think the Government has continued to emphasise the need for self-sufficiency and the notion of meritocracy,” he said. “I think such principles should continue to remain the hallmark of our economic policies.”

    Indeed, firms have had no choice but to pay more in the stretched labour market, which workers have been quick to capitalise on.

    “And it’s not just the blue-collar workers, but the senior and middle management too,” said RecruitPlus Consulting’s managing director, Mr Adrian Tan.

    Mr Erman Tan, president of the Singapore Human Resources Institute, added that firms will face pressure to keep wage growth at least on a par with inflation. Core inflation, which indicates the rise in everyday out-of-pocket costs, has been estimated at 2 to 3 per cent next year, higher than the 2 to 2.5 per cent expected this year.

    “Inflation is still putting pressure on staff. Firms have to make sure staff have the peace of mind to work, so you can change work procedures, change mindsets and invest in automation, leading to improvement in productivity,” he said.

    There has at least been one bright spark this year in the push for wages to grow because of productivity improvement. In September, the cleaning industry became the first to adopt a skill-wage ladder as a criterion to secure licensing, representing a breakthrough in lifting the pay of a group of workers who have seen their income stagnate. The Progressive Wage Model was also announced for security guards and will be implemented in 2016.

     

    Source: www.todayonline.com

  • Lee Kuan Yew Not The Visionary Leader Who Transformed Singapore

    Lee Kuan Yew Not The Visionary Leader Who Transformed Singapore

    Dear Professor Tan,

    I refer to the 5 Jun 2013 Straits Times report of your speech on the occasion of the conference of Doctor of Laws to Mr Lee Kuan Yew by NUS [1].

    Mr Lee wasn’t the visionary leader who brought success to the nation. Neither was he the man of imagination who pursued the unconventional. Instead, he pushed for import substitution, the conventional policy of developing nations then that eventually proved inferior to the less conventional policy of export industrialisation proposed by Dr Winsemius [2]. Luckily for us Mr Lee’s plans were scuttled with our expulsion from Malaysia and in the end; it was Dr Winsemius’ export industrialisation plans that ultimately brought success to our nation [2]. The qualities crucial to Singapore’s past success and big picture perspectives can thus be found in Dr Winsemius, not Mr Lee.

    Mr Lee did not lead Singapore from Third World to First for Singapore was already Upper Middle Income status according to World Bank’s classification of our 1960 per capita GNP [3]. At most, Singapore went from Next to First World to First World, led not by Mr Lee but by Dr Winsemius who was the leader behind Mr Lee.

    Mr Lee is thus not the global visionary you claim he is since the most important achievements associated with him actually belong to others. He may not be the best candidate to inspire the next generation for that might mean inspiring them to lock up opponents without trial, get more credit than they deserve and not fight for Singapore when Singapore is being invaded.

    All sense of hope and collective purpose is lost in Mr Lee’s leadership when he makes statements like these:
    • If Aljunied decides to go that way, well Aljunied has five years to live and repent.
    • If they choose the opposition, then I say, good luck to them. They have five years to ruminate and to regret what they did. And I have no doubts they will regret it.
    • If native Singaporeans are falling behind because the spurs are not stuck into the hide, that is their problem.
    • [our] women will become maids in other people’s countries, foreign workers

    Mr Lee isn’t quite the deep thinker you claim he is as he often cuts through complex issues wrongly or superficially. For example:
    • He theorised that high TFR in pre-world war 2 Germany led to war and expansion even though Germany in the mid-1960s had similar TFR levels but did not pursue war [4].
    • He claimed to be the long range radar looking for opportunities and threats but yet couldn’t see the impending collapse of the Global Financial markets in 2008 and the subsequent loss of billions by GIC and Temasek Holdings [5].
    • He claimed that we either embraced F1 and all the glitz of our globalised world today or we risk going out of business and running out of food [5] when the whole tourism industry constituted only 4% of our GDP (Singapore Tourism Board Annual Report 2011/2012 page 5).
    • He said New Zealand is green because it is the last stop on the bus line when similarly last-stop Easter Island and the Anasazi have become ruins over time [5].
    • He said English connected us to modern sciences [6] even as Japan, Taiwan, South Korea and Germany didn’t need English to be similarly connected to modern sciences.

    Lee was never a champion of education. For him, education always served the political purpose, not the other way round. When Singapore was to merge into Malaysia, Lee emphasised both Malay and English in schools but after our ejection from Malaysia, he emphasised English only [7].

    Similarly, Lee’s so-called transformation of Singapore education wasn’t for education’s sake but for politics sake. His closure of Chinese stream schools and Nanyang University and the undermining of the economic value of Chinese education were for the purpose of eradicating the political power of the Chinese educated masses [8].

    Finally, it was Lee Kong Chian, not Lee Kuan Yew, who first proposed bilingual policy in 1953 [9]. Lee Kong Chian even introduced bilingual education to the Chinese High School as early as 1949 [9] and many vernacular schools were already teaching English before that.

    Sources:

    [1] Straits Times, Top NUS accolade for Mr Lee Kuan Yew, 5 Jun 2013

    [2]
    • The Fraser Institute, Case Studies in the Relationship between Political, Economic and Civil Freedoms, page 155

    Lee Kuan Yew and the PAP proposed a political union with Malaysia, which would provide a good-sized domestic market for an industrial strategy of import substitution. Expulsion from the union with Malaysia in 1965, on political grounds by the government in Kuala Lumpur, destroyed the import-substitution strategy.

    • Lee Kuan Yew School of Public Policy, Asia Competitiveness Institute, Remaking Singapore, Michael Porter and Christian Ketels and Neo Boon Siong and Susan Chung, July 2008

    During the federation period and immediately afterward, Lee’s government initially pursued an import substitution strategy … but the alienation from Malaysia, with its much larger market, rendered the strategy impractical.

    • Helen Hughes, The Dangers of export pessimism: developing countries and industrial markets, page 225

    Until 1965, the economic strategy of the country hinged on a merger with Malaya to establish the larger domestic market, deemed necessary for economic viability [5-3].

    • Jacques Charmes, In-service training: five Asian experiences, Bernard Salomé, Page 21

    Singapore at first adopted the industrialisation policy of import substitution, followed after 1966 by the export of labour intensive manufactured goods.

    • Robert Fitzgerald, The Competitive advantages of Far Eastern business, Page 55

    Singapore’s industrialisation strategy was originally dependent on policies of import substitution within the Malaysian common market, but the attainment of political independence in 1965 led to export industrialisation.

    • Eddie C. Y. Kuo / Chee Meng Loh / K. S. Raman, Information technology and Singapore society, Page 87

    Import substitution was adopted in the early 1960s in anticipation of the Malayan common market. However, Singapore separated from Malaysia in 1965 dashing the hopes of the common market, hence an export strategy was promoted instead.

    • Sikko Visscher, The business of politics and ethnicity: a history of the Singapore Chinese Chamber of Commerce and Industry, page 171

    Lee Kuan Yew, appearing in tears on television when announcing separation, was devastated. His feelings strongly contrasted with scenes in Chinatown where firecrackers were set off to celebrate liberation from rule by Malays from Kuala Lumpur. Most Singaporeans did not share the government’s dismay. Winsemius also did not share Lee’s dismay. He said in a 1981 interview: To my amazement, a discussion had started: can Singapore survive? That is the only time I got angry in Singapore. I said: ‘now you have your hands free – use them!’ It was the best thing that happened during the whole period from 1960 till today.

    • Tong Dow Ngiam, A Mandarin and the Making of Public Policy: Reflections, page 66

    Dr Winsemius and I.F. Tang in their heart of hearts never believed in a Malaysian Common Market.

    Dr Winsemius and I.F. Tang made extraordinary contributions to the economic development of Singapore as leader and secretary of the first UN Industrialisation Survey Team in 1961.

    • Philip Nalliah Pillai, State enterprise in Singapore: legal importation and development, Page 30

    With Singapore’s secession in 1965, the United Nations Proposed Industrialization Programme for the State of Singapore became the basis for Singapore’s industrialisation strategy.

    • Danny M Leipziger, Lessons from East Asia, Page 240

    The 1960-61 United Nations mission led by Albert Winsemius helped develop a blueprint for Singapore’s industrialisation and development plan and recommended the establishment of EDB.

    [3]

    World Bank classifies nations as follows:

    Category Criteria (based on 2011 per capita GNI)
    High Income US$12,476 or higher
    Upper Middle Income From US$4,036 to US$12,475
    Lower Middle Income From US$1,026 to US$4,035
    Low Income US$1,025 or below
    World Bank GNI figures only stretch back to 1980. So have to rely on Penn World Tables instead. Although Penn World Tables doesn’t have GNI figures, it has GNP to GDP ratios which can be used to obtain GNP figures from GDP figures. GNP figures are similar to GNI figures and they stretch all the way back to 1960 for Singapore. The figures, in 2005 PPP USD, are then converted to 2010 PPP USD to obtain US$4,794 which puts Singapore in the Upper Middle Income bracket. 2010 is the last year available in Penn World Tables and is as close to 2011 as one can get.

    This is further supported by Carl A. Trocki who wrote on page 166 of his book “Singapore: wealth, power and the culture of control”: Singapore had already attained a middle income status in 1960 with a per capita GDP of $1,330.

    [4] Straits Times, Declining populations make peaceful neighbours, 1 Mar 2013, Lee Kuan Yew

    [5] Straits Times, 6 Jan 2010, excerpts interview with Mark Jacobson of the National Geographic

    [6] Straits Times, Mr Lee on…. 6 Sept 2011

    [7] Christopher Tremewan, The political economy of social control in Singapore, page 80

    PAP emphasised both Malay and English to establish credentials for merger with Malaya but when ejected from Malaya subsequently, emphasized English only.

    [8]
    • Carl A. Trocki, Singapore: wealth, power and the culture of control”, page 150

    – PAP systematically undercut Chinese education as it saw the Chinese educated as both political and cultural threats
    – PAP set about neutralising Chinese schools, which were powerful auxiliaries to labour unions and the Singapore Chinese Chamber of Commerce which is the major funding and controlling body for Chinese education in a bid to control education
    – PAP, through government policies, strengthened social and economic forces that reduced the number of Chinese schools
    – PAP quite often levelled the charge of “chauvinism” on prominent businessmen of the SCCC to destroy them

    • Christopher Tremewan, The political economy of social control in Singapore

    – Page 81 – PAP sought to destroy Chinese education
    – Page 84 – Racial integration policy was a cover for an all-out attack on Chinese education
    – Page 85 – PAP undermined Chinese education autonomy while attempting to win Malay support by appearing to be multiracial
    – Page 89 – the 1969 bilingual policy, while appeasing Chinese public opinion, completed the demolition of the Chinese education system
    – Page 79 – The government being the largest employer in Singapore could have given better job opportunities to the Chinese educated but refused to.

    • Tong Chee Kiong, Identity and ethnic relations in Southeast Asia: racializing Chineseness, page 62
    – PAP promised equal treatment for all language streams but not equal employment opportunities for people from non-English streams

    • Stephan M. Haggard, Behind East Asian Growth – Political foundations of prosperity, business, politics and policy, page 89
    – The questionable political loyalty of local Chinese businesses was a possible reason why the PAP government favoured GLCs and MNCs over local entreprises then.

    [9] Singapore Infopedia: http://infopedia.nl.sg/articles/SIP_978_2006-06-16.html

    • In 1949, he convinced the principal to introduce bilingual education.
    • 1953: Proposed introducing bilingual and trilingual education, and equal treatment for schools of all language streams. His proposals were accepted by the colonial government and included in the White Paper on Education Policy that introduced a unified education system for Singapore.

     

    Source: www.therealsingapore.com