S$3,000 (RM6,983) Monthly Salary Sustainable?

relevant to hardworking ACCA candidates



























Above pictures: Singapore. An Attraction?

Dear ACCA Candidates,

Yep, that's right. When you graduate from ACCA, RM6,983.00 per month pay is what you attract working in Singapore. That is without experience! But is it sustainable? Singapore has attracted more than 500,000 talents issuing them Permanent Residence. Now the locals are worried they were outnumbered, out-competed and outside the rapid Singapore economic growth. Thus the public dissent.

What a happy problem they have! Too many talents lead to further strong growth. Please refer to P3 (Business Analysis, ACCA) on Porter's Diamond Theory. There are every indication that the world's 9th richest economy will have stronger growth than even developing economies like BRIC Countries.

There are many Malaysian talents there, but they are invited to convert PR to Singapore citizenship, many declined as this means giving up Blue IC or Malaysian citizenship. Looks like Singapore is a place to 'harvest' earning much and return to Malaysian soil to retire.

What is the appropriate strategic move?
Continue invest heavily in time and efforts to optimally prepare your ACCA exams and GRADUATE. In Kasturi College, we have strong performance on number of graduates and some pleasant surprise seen in certain papers like F5 and F8. For example many scored more than 65% and above.

Work very hard and you will gain rich rewards (monetarily) and enjoy good stuff in Singapore like Sands, Universal Studios, World’s best restaurants concentrated in Orchard Road, addictive shopping malls like Takashimaya and the new One Orchard.

Read the following ‘happy problem of Singapore’.

Work HardER,
Marcus


New division to handle foreign talent

THE number of Singapore Permanent Residence (PR) applications to be granted this year will drop, due to the tightening of immigration criteria introduced last last year, said Mr Wong Kan Seng, Deputy Prime Minister and Minister for Home Affairs, in a written Parliament answer on Thursday.

Compared to 2009, where slightly more than half of the number of applications to the government were approved, Mr Wong replied that the number of PRs to be granted in 2010 will be noticeably lesser.

A total of 132,200 applications were received in 2009 and 2010. Out of 115,900 applications processed, 51 per cent were successful.

Mr Wong's response was in reply to Nominated MP (NMP) Assoc Prof Paulin Tay Straughan's question on the number of successful PR applications in the past year.

She also asked whether the fall in proportion of PRs is due to more stringent immigration policies and the implications of this restriction in the long term.

He explained that majority of those who were granted PRs were qualified under the Professional, Technical and Skilled Workers Scheme.

Others who were granted are dependants of Singaporean citizens or are dependants of these economic PRs.

The Minister added that the government will "continue to be stringent in our requirements for PR and that residency will only be granted to "those of sustainable quality".

"If we were to close our doors to immigrants tomorrow, we can expect the old-age support ratio to fall very fast.

"In short, we would still need immigration to make up for the shortfall of babies and help
ease the pressure of an ageing population," said the Minister.

Apart from immigration, the government has made extensive efforts to tackle declining birth rates to address the challenges of an ageing population, added Mr Wong.

Source: AsiaOne, 2010, Fewer PR applications to be approved, http://news.asiaone.com/News/AsiaOne%2BNews/Singapore/Story/A1Story20100916-237564.html, Sep 16