katongkaren

As so many Singapore postings at the moment, thought I'd make this a separate thread.

Okay this is a bit speculative but.... it would seem that Sing gov is doing a big U-turn on increase in expat numbers (due to recession fears). I saw a feature on Thai TV with a feed from Singapore saying pretty much that big corporates should be employing more locals.

Now, the word is out from MM Lee.

http://www.channelnewsasia.com/stori...367750/1/.html

Usually what MM Lee says, happens big time.

Many benefits for the nation (usual sensible policies from the Sing Gov as always) but clearly it'll mean a weaker Sing Dollar (making Sing more competitive) and probably the bottom dropping out of the housing market. (Who's gonna fill all those new condos??) That'll mean CHEAPER rents undoubtedly.

Okay - it's just my opinion and some food for thought. Be interested in anyone else's opinions on the subject.

Kooky.

Gosh, Karen, I do hope you are not insinuating that the MM still runs the country.

Thanks for posting that - I no longer look on the CNA site and amazingly haven't read about it on my usual Singapore-based site. Interesting...