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**MannoFr** · 09-04-2012, 04:59 AM

I think many would have heard about a series of decisions that is coming out from Ministry of Manpower. The series of measures and cuts across the various sectors are significant. The first to go was the what one would call the sacred cow - the 2 year EPEC (Employment Pass Eligibility Certificate) which was first introduced in 1992 ( yes 20 years ago) by no less than our Swiss Prime Minister - Goh Chok Tong. It is the first to go in Dec 2011 and it is this particular visa that is world renown from the Philippines to the London. It allows a Uni grad or a skilled individual to arrive and remain in Singapore for up to 2 years. As you know nearly all Indians and Filipinos are university graduates. LAlso popular with the Ang Mos an known lovingly as the "whore visa" as it allows their girl and boy friend to come in.

In July 2012, another series of measures followed and on 1st September even more cuts. There is a lot of talk and speculation about the impact and the common possibilities;

- significant impact on local small and medium enterprises

- perceptible reduction in overcrowding in lifts, MRT, pedestrian and road traffic

- drop in house and car prices

More importantly a definite drop in GDP ?

It looks like the cuts are driven by one single factor - the spectre of losing East Coast and even maybe BT. Joo Chiat is expected to be absorbed.

09-04-2012, 04:59 AM	#1
MannoFr Join Date Mar 2007 Posts 4,451 Senior Member	Is the Pendulum swinging back? I think many would have heard about a series of decisions that is coming out from Ministry of Manpower. The series of measures and cuts across the various sectors are significant. The first to go was the what one would call the sacred cow - the 2 year EPEC (Employment Pass Eligibility Certificate) which was first introduced in 1992 ( yes 20 years ago) by no less than our Swiss Prime Minister - Goh Chok Tong. It is the first to go in Dec 2011 and it is this particular visa that is world renown from the Philippines to the London. It allows a Uni grad or a skilled individual to arrive and remain in Singapore for up to 2 years. As you know nearly all Indians and Filipinos are university graduates. LAlso popular with the Ang Mos an known lovingly as the "whore visa" as it allows their girl and boy friend to come in. In July 2012, another series of measures followed and on 1st September even more cuts. There is a lot of talk and speculation about the impact and the common possibilities; - significant impact on local small and medium enterprises - perceptible reduction in overcrowding in lifts, MRT, pedestrian and road traffic - drop in house and car prices More importantly a definite drop in GDP ? It looks like the cuts are driven by one single factor - the spectre of losing East Coast and even maybe BT. Joo Chiat is expected to be absorbed.
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