// Adds dimensions UUID, Author and Topic into GA4
Monday, June 22, 2026
26.6 C
Singapore
type here...
BusinessSG Economy
Less than 1 min.Read

The double whammy of moving our funds overseas and signing-off our jobs to foreign talents

The Independent
By The Independent

By: Frank Doe

Is Singapore businesses’ interest in India growing or is it just Temasek Holdings?

Aside from “The Celebration Mall” in Udaipur, India, Capitaland has quite a few others in Bangalore, Mangalore and Hyderabad.

At the light-ceremony at “Celebration Mall” yesterday in Udaipur, Capitaland announced plans to open two more mega malls in India.

India expressed interests and plans to Capitaland to build a 100 more Smart Cities and Ascendas-Singbridge & SembCorp Development is bidding to be master developer for Andhra Pradesh’s new capital Amaravati.

Temasek Holding’s involvement in the development of India and China (Chongqing Raffles City for example) is phenomenal, building mega infrastructures, immovable assets, and creating jobs & an economic multiplier therein.

It’s a double whammy, creating jobs overseas with our funds and yet signing away jobs locally to foreign professionals as seen in the CECA (Comprehensive Economic Partnership Agreement) signed with India to mandate 127 professional jobs here going to foreign Indian professionals.

This is going on while the local PMETs here are languishing way behind in their professional job search.

Singaporeans have got no other choice but to wonder what is happening?

- Advertisement -
Google News Follow Google News WhatsApp Join us on WhatsApp Telegram Follow us on Telegram

Hot this week

Singapore News

New EZ-Link card readers that allow commuters to ‘tap anywhere’ coming soon to all buses

Passengers will no longer need to point the reader at a specific sensor area; they can simply tap anywhere on the screen to complete the payment, improving convenience.
Singapore News

Singapore dollar rises to six-month high against M’sian ringgit, breaking through 3.20 level yet again

Although the SGD has weakened slightly against the US dollar over the past two months, the ringgit has weakened even more, reaching a six-month low.

Popular Categories

Singapore NewsFeatured NewsSG EconomySingapore PoliticsLifestyleCelebrityInternational
document.addEventListener("DOMContentLoaded", () => { const trigger = document.getElementById("ads-trigger"); if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { entries.forEach(entry => { if (entry.isIntersecting) { lazyLoader(); // You should define lazyLoader() elsewhere or inline here observer.unobserve(entry.target); // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); observer.observe(trigger); } else { // Fallback setTimeout(lazyLoader, 3000); } });

The Independent SG

Also Visit

Social Media

© The Independent Singapore

// //
Enable Notifications OK No thanks