MOM bars marine firm from hiring foreigners

[pianist]

Dont forget the boss is a PRC and most employees are foreign or PRC as well and the boss actually sack away Sporean to hire their own kind or to cut cost.

Who hire the Singaporeans in first place?

Looks to me that this company may be in dire financial situation to resort to such means to cut cost.

What makes them want or need to hire sporeans in the first place? Given a choice u think they want to?

I dont know, but if my co is in dire financial situation, i will retrench pp. Not replace pp.

good observation. many discussion here revolves around the noble/usual academic theories like economy, skills, competition,labor cost etc..
but i just want to speculate/opine certain industry/business has a moat/higher margin or able to run with capital injection/related trade/strong support from its Head Office jurisdiction e.g. china where market/business is big and opening a sub-branch/outlet/subsidiary in this red dot is just like planting an convenient eye for future/regional expansion. one example of 'brainless/not required deep expertise' business is e.g. oil bunkering go out sea pump fuel, not too difficult skills, repeatable yet prone to dirty money flow because it hard to trace this consignment of fuel purchase from russia to buyers which can be random, make sure inventory is well controlled

chinese companies plant some companies here for oil/material trading/shipping connected to sister companies in other offshore tax havens. is altogether possible complex group structure..also there is a RMB currency control back in china..so companies set up here to facilitate trade/fund/money flow.

above are personal observation to-date. unlikely this company is in dire situation, bet/guess is more like freeing and pulling some of its natives to want to live overseas. aplenty chinese wanna migrate overseas to look for greener pasture, get pr/citizen or put children through school here for better life.

through this process, this is probably how hot or sometime dirty monies flow through the boundary, and in the process, more tax coffers at the expense of inflated asset prices in the red dot

if my comment is inappropriate/offensive, moderator pl delete