whoi is the idiot who signed CECA allowing liberal uncontrolled intra-corporate transferees (ICTs) ?

orhneeorh

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ICTs exempted from Fair Consideration Framework and can bring whole family !!

basically SG has given up its sovereignty to India !!

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https://www.onlinecitizenasia.com/2...-from-jobs-bank-requirement-but-ceca-says-no/

Currently, a job is exempted from the FCF advertising requirement if it will be filled by an ICT. The FCF advertising requirement mandates that companies must advertise positions for Singaporeans on Jobs Bank before they can apply for EP to hire foreigners.

To be exempted, the foreign candidate has to meet the definition of ICTs under the World Trade Organisation’s (WTO) General Agreement on Trade in Services (GATS). WTO GATS defines an ICT as:

Manager, who has authority over day-to-day operations and, to hire and fire personnel;
Executive, who receives only general supervision or direction from management; or
Specialist, who possesses knowledge at an advanced level of expertise.
Additionally, under WTO GATS, an ICT:

Must have worked for the company outside Singapore for a minimum of 1 year
Are limited to a 3-year term but can be extended up to a maximum total of 5 years.
Singapore signs a more generous CECA with India

However, it’s almost impossible for the Singapore government to remove such exemption at least for ICTs coming from India. This is because Singapore has already signed the Comprehensive Economic Cooperation Agreement (CECA) with India in 2005, which supersedes some of the terms in WTO GATS.

In fact, it was none other than DPM Heng Swee Keat, who led the Singapore team in negotiating CECA with India back when he was the permanent secretary of MTI more than 15 years ago (‘ST says number of local IT grads set to grow while CECA continues to import IT workers from India‘).

Under CECA, it allows for “movement of natural persons” between India and Singapore. DPM Heng even negotiated more generous terms with India for ICTs:

  • Must have worked for the company for a minimum of 6 months with at least 1 year of industry experience
  • ICTs will be permitted entry and can work for up to 2 years. This can be extended to a total term of not more than 8 years.

There is also no quota requirement imposed on Indian ICTs, which means an Indian company can hire a whole “village” of staff in India and transfer them to Singapore 6 months later lock, stock and barrel, assuming they all have at least 1 year of industry experience.

Furthermore, under Article 9.3 of CECA, all the ICTs are to be exempted from any “labour market testing” or “economic needs testing”. That means, economic needs testing like Singapore’s FCF advertising requirement cannot be applied to them.

To top it all, Article 9.6 of CECA even allows the ICTs to bring in their spouses or dependents to work in Singapore too.
 

Joseph12

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You don't get it
It's not done by one minister

This is a collective cabinet decision and it was discussed and agreed beforehand
 

lifeafter41

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Frigging jokers signed a regional agreement that takes precedence over Singapore national policy of FCF.

Probably Singapore is the only country that does that......bunch of jokers.....
 

netzach

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it's literally the folks who voted for the whites who asked for this.
strictly speaking, its the hard truth.

:vijayadmin:
 

Renzokukenz

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I think signed by pinkie.

But who voted for pinkie? You know I know. So end of day blame who? You know I know.
 

swageat

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You don't get it
It's not done by one minister

This is a collective cabinet decision and it was discussed and agreed beforehand

whoever comes up with this idea and approved must be armchair strategist [ 纸上谈兵 ]
:s13::s13:
 

spinning_quirK

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Without the money being made by our excellent investments in cecaland, you think we can afford to pay our world class ministerial salaries?
 

MindHunter

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Josephine oredi increase S Pass salary cap to make companies build a Singaporean core liao right
 

Wizard88

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Mastermind Supreme leader Lee. And his two generals , ah heng and iswaran.

3 of them are responsible for a lousy policy that changed the landscape of singaporean future.

Dont bother chasing that degree. Half of u will still become grab food delivery men.
 

Joseph12

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whoever comes up with this idea and approved must be armchair strategist [ 纸上谈兵 ]
:s13::s13:

Dont know who came up with it but we know who approved it

LKY spent years encouraging more births. So did his son and Goh.
They even gave more money for new births.

But numbers like other industrialized countries aren't good.

If new births are low and with higher longevity, you cant support the old PLUS economy wont grow and WE KNOW ministers get bigger bonus with higher GDP

So what did they do?
Well, you know the answer don't you
 

orhneeorh

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Without the money being made by our excellent investments in cecaland, you think we can afford to pay our world class ministerial salaries?

Singtel posts first quarterly loss of S$668m on Airtel provision
https://www.businesstimes.com.sg/co...t-quarterly-loss-of-s668m-on-airtel-provision

Singtel’s annual net profit down 65.3 per cent thanks to Bharti Airtel investment through CECA
https://www.onlinecitizenasia.com/2...nks-to-bharti-airtel-investment-through-ceca/

Sembcorp Industries hit by startup losses in India
https://sbr.com.sg/energy-offshore/news/sembcorp-industries-hit-startup-losses-in-india
 
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Joseph12

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Only the naive believe sinkies will be placed before ceca.

The sad and harsh reality is these cosmetics is all they'll do

They arent going to send the Indians back and I strongly feel the flow of Indians WILL STILL CONTINUE
 

Joseph12

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Who the hell cares!!!!!


Even if Singtel makes 100 million net profit, they pay tax on it in India and Singtel will.only give dividends to shareholders. They're not giving nuts to Singaporeans
 

iammole

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Afaik, lead negotiator is heng, actual signing is by dishonorable son.
 
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