KICK! HIT! GOAL!!!.

Dr Tony Tan is our deputy Prime minister,

He was delivering a speech at the Gala Dinner.

singapore is a small country with a population of about 4 million with no natural resources except a strategic location. We have a short history of 40 years but we have come a long way since independence.

we started with labour intensive industries , then we targeted skilled intensive industries.
But now, times have changed, we are moving towards a knowledge based economy, a talent-intensive industry. Singapore kept up with the world's pace.

We have a good infrastructure(the underlying foundation or basic framework (as of a system or organization))
Other than regular storms, Singapore also has a stable and safe climate to invest and work in.
A skilled workforce.
It is indeed an attractive place for investments and businesses to operate in here, it is almost perfect, the government are constantly bending rules and taxes FOR THEM.
But we cant say they neglected locals, because we have various benefits as well.
I cant think of any though.

Other countries soon replicated our formula for economic success.

To stay ahead, we moved up the value chain to attract higher value-added investments, like electronics and chemicals, and recently, the biomedical sector too.

With our life sciences initiative launched in June 2000, we have moved yet another notch up the value chain. We are now training more post-graduates and post-doctorates for the highly knowledge intensive biomedical and pharmaceutical industries.

Talent is the key to economic success in the Twenty-First Century.

I do not know if you have realised, talents are not exactly referring to local undergraduates like ourselves, the government is focusing all their attention to "FOREIGN" talents.

This is only a summary cum modification of one-third of the speech, will continue emphasizing on its importance to PROMOTE singapore to welcome Foreign Direct Investments.

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Pm Lee continuously talks about EMBRACING globalisation to make use of it to wallop the FDI to attract more investments to bring wealth and prosperity at the expense of citizens, by posing a threat to locals. PM Lee told us not to worry but did not mention how he would help us.

One of the most important disadvantages or dangers of foreign investment is that it has a tendency to lead to a net outflow of foreign exchange and thus have a negative effect on the BOP. This is why government policies to regulate foreign investment are so important.

.][-Splattered my blood on
11:58 AM