atans1

Another reason why ground is not sweet for the PAP

In Economy on 25/03/2019 at 10:43 am

PMETs are the S’poreans most affected by retrenchments, and hence by FT influx.

According to the labour market report released by the Ministry of Manpower (MOM) recently, PMETs accounted for 79.3% of retrenched residents in 4Q18. Overall, 2510 people were retrenched in the 4th Quarter. So 1990 of those retrenched were PMETs. (Aside no wonder young professionals are joining the SDP: SDP can learn from Thai Oppo parties)

This is a year-on-year increase of about 30% from the 2017 number and is also the highest level since such data was first published by MOM in 2006.

Educated get retrenched, WTF! 58% had degrees while 20% held diplomas. A substantial portion of individuals who were retrenched were those aged between 40 and 49 (34%) and over 50 (33.6%).

According to people interviewed by the constructive, nation-building ST, PMETs are becoming vulnerable and more steps need to be taken to reduce the risk of them being displaced. I’m surprised ST was allowed to say this.

The link between retrenchments and FTs by the A380 cattle class: a DBS analyst suggested that firms should raise the minimum qualifying salary for Employment Pass holders and increasing the length of time firms must advertise jobs on the national jobs portal before they can apply to hire a foreign professional.

Vote wisely.

Why the PAP should worry

Double confirm, ground not sweet for PAP

Will Oliver Lum and other Hyflux investors still vote for the PAP?

Hyflux directors, mgt & auditors kooning from 2016 onwards?

I said there

PAP voters get shafted:

Retail perpetual and preference share holders will have their S$900 million in claims swapped for S$27 million in cash and S$69.2 million shares, assuming that the shares are valued at 3.4 cents apiece. That works out to a 10.7 per cent recovery rate on their principal.

And there’s the retail shareholders.

But the cybernuts like bapak should not be raising their hopes of their hero Mad Dog forming a coalition govt of spastics. At the very least, the PAP will get only 60% of the popular vote (a 10 point fall) and retain a two-thirds majority and not win back Aljunied. No GRC will fall even to Team TCB.

The reasons:

Why 37,000+ sure to vote for PAP (But balanced off by above 34,000+ retail investors in Hyflux who could lose 90% of their investments)

Why S’poreans continue voting for the PAP to have 2/3 of parly seats

6,400 senior citizens each get $312.50 hongpao from a TLC

Why Milliennals will vote for the PAP

 

 

 

 

  1. PAPies will still get around 65%.

    They have been targeting policies for millennials since 2012 (jobs, salaries, housing) … and elderly since 2014 (PGP, MGP). This addresses the big elephants, demographically speaking — the most productive & upwardly mobile segment, those from 20 to 40, as well as the huge KPKB-tendency boomer cohort.

    Those in the 40s to late-50s are currently in the wilderness in terms of PAPies largess. Acceptable sacrifice numerically speaking (as well as some cost savings).

  2. western companies here mostly employ indian (india) “ft” men.

  3. I believe pap will get about 60% to 65% of votes….

    But if the opposition do play the by election strategy, could it be possible to win more grcs /smcs?

    Jus give up contesting those hard to win grcs like amk and tanjung pagar?

  4. […] — Another reason why ground is not sweet for the PAP. […]

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