12 Jul '11, 3am

(TTR) Are foreign talents from India and Philippines real talents?

Please don’t buy into the label Foreign Talent. If they were really talent, they government wouldn’t need to coin that term up. These people usually come here either jobless looking for employment or they get recruited by overseas agents, and they spend sometimes thousands in fees just to get in. They are not here because their company transfered them here. They’re not here to work for a few years like the expats did, enjoy, spend money locally and then go home. They are here to recoup their losses. They don’t spend money because they have a whole village to look after back home. They snap up HDBs because that’s the easiest way for them to bring in more relatives and maximize their own profits. The same way companies are maximizing theirs by employing them. Give it a while, and you will eventually see productivity going down, efficiency standards dropping even further and ...

Full article: http://www.temasekreview.com/2011/07/12/are-foreign-talen...

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