Business is bustling at pawnshops in Singapore, with more transactions and redemptions at their highest ever in the first quarter of this year. In all, more than S$2.2 billion was retrieved, a seven per cent increase from the same period a year ago.
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How about legal loan and illegal loan business?
Petrobras bribery scandal involving Keppel (Keppel O&M) surfaced. A crackdown on money laundering in Brazil since 2014 uncovered massive corruption involving many companies doing business with Petrobras and involving Singapore government-linked Keppel. (Poor corporate governance in GLCs)
PWM nothing more than establishing multiple minimum wages for various sectors
In actual fact, it is nothing more than establishing minimum or “floor” wages for the various industry sectors. At present, only 3 sectors have been identified: security, cleaning and landscaping.
Minimum wages in these 3 sectors are enforced through licensing. That is to say, companies in these 3 sectors can get their licence to operate only if they pay a minimum wage in their respective sector:
But of course, she didn’t reveal that the wages for workers in these 3 sectors were pathetic to begin with, thanks to her government’s open-door policy allowing waves of foreign workers to flood Singapore depressing their wages.
As far back as 2012, ex-GIC Chief Economist Yeoh Lam Keong already observed that mass immigration of foreign unskilled workers has depressed the wages of working-class Singaporeans. Local firms obviously prefer to hire foreign workers who are willing to accept lower pay, depressing the salaries of our locals.
As for PWM being a ladder to help, say, cleaners to “move up” in their “career” to become machine Operators, “multi-skilled” cleaners or supervisors, that would depend on the employers, wouldn’t it?
For example, what is to prevent a cleaning company director “parachuting” his brother into his company to become the supervisor instead of promoting an existing cleaner?
The next you know is GST hike again in 2024. Do you think those struggling poor will have anything left to pawn in 2024?
The PAP govt is ranked the most effective in the world, while pritam singh of WP and lee hsien yang of PSP are probed by the police for lying. What a stark contrast between PAP and the opposition parties. 👍👍
Thanks to women
Panic move
Thats not good news.
Signs of Good Times
So he says bis increased 10%. So his next year tax pay how much?
Not sure if this is a good news. Usually you go to a pawnshop as last resort
With All Due #Respect, Thank You CNA For Sharing This News With Us All. Yes Indeed.
people getting poor lah due to pay, pay, pay HDB loan..