[lvlrsSTI]

[cityhantam]

RCEP....

[lvlrsSTI]

RCEP....

[lvlrsSTI]

[Migrant]

Asean will definitely benefit from this.
Very helpful for Singapore business. Boost our trade.

[Migrant]

Good for you
Good for me
Good for everybody. 😂

[lvlrsSTI]

Good for you
Good for me
Good for everybody. 😂

94% tariff cut

[lvlrsSTI]

[Niubee]

No India. They will flop here

[Oyk]

Asean will definitely benefit from this.
Very helpful for Singapore business. Boost our trade.

It is already commercially viable to run Singapore-Beijing flight route.

Said already, this is the Asian century.  Those who do not see the economic benefits of RCEP for Singapore are daft.

We have an astute government, who made good choices because I know for a fact that behind the scene, they brainstorm.  Singapore signing RCEP, CECA, and even the one which Trump pulled out were not made without the due diligence of careful consideration....

[WhatDoYouThink?]

china shd be the 领头羊 

[lvlrsSTI]

RCEP will bring in business competition, cheap labour  and lower salary as well, be mentally prepared, more FTs will arrive in Spore, and Telstra from Australia and China Mobile will compete with Singtel & Starhub in local market in coming years.

[talky]

RCEP will bring in business competition, cheap labour  and lower salary as well, be mentally prepared, more FTs will arrive in Spore, and Telstra from Australia and China Mobile will compete with Singtel & Starhub in local market in coming years.

POWER N GAS GOT COMPETITION FROM OTHER COUNTRIES ?

CANT STAND GREEDY PAP MAKING US PAY N PAY 

SP PROFIT  ARD 1 BILLION/YR
THESE ARE ESSENTIALS SHLD NOT BE MAKING SO MUCH FR ITS CITIZENS

[lvlrsSTI]

POWER N GAS GOT COMPETITION FROM OTHER COUNTRIES ?

CANT STAND GREEDY PAP MAKING US PAY N PAY 

SP PROFIT  ARD 1 BILLION/YR
THESE ARE ESSENTIALS SHLD NOT BE MAKING SO MUCH FR ITS CITIZENS

Should be, then local companies have to lower the prices to survive the competition.

[Oyk]

RCEP will bring in business competition, cheap labour  and lower salary as well, be mentally prepared, more FTs will arrive in Spore, and Telstra from Australia and China Mobile will compete with Singtel & Starhub in local market in coming years.

Go and look at the map you posted upthread.

Big huge splash of red, but I could not even see Singapore on it.  When it's painted red, as it is, this little red dot becomes non-existent on the map.

From the way you wrote, you are fearful of competition, of FTs, FC (Foreign companies) coming in.....

Singapore is not a game setter, it is a taker, and certainly not a game changer.  We change when the rules are changed.  

Protectionism will get us no where.

Yes, workers will come in asking for lower wages.  Look at the Banglas...if not for them, you think we can still afford to build low cost HDB flats?  Try hiring 100% sinkies to do the job and see what happens.  Sinkie would rather do GRAB delivery earning $5000 a month than work as a construction worker, unless you pay them maybe $8K a month.

And you can forget about constructing the north-south corridor without cheap foreign workers.

On another level, there are the FTs...the engineers, IT experts, the doctors, etc.  You don't want them?  You want to pull an iron curtain around the island and stop FTs from coming in, so that we can enjoy super high wages?  It will not happen. Companies will leave.

[lvlrsSTI]

Go and look at the map you posted upthread.

Big huge splash of red, but I could not even see Singapore on it.  When it's painted red, as it is, this little red dot becomes non-existent on the map.

From the way you wrote, you are fearful of competition, of FTs, FC (Foreign companies) coming in.....

Singapore is not a game setter, it is a taker, and certainly not a game changer.  We change when the rules are changed.  

Protectionism will get us no where.

Yes, workers will come in asking for lower wages.  Look at the Banglas...if not for them, you think we can still afford to build low cost HDB flats?  Try hiring 100% sinkies to do the job and see what happens.  Sinkie would rather do GRAB delivery earning $5000 a month than work as a construction worker, unless you pay them maybe $8K a month.

And you can forget about constructing the north-south corridor without cheap foreign workers.

On another level, there are the FTs...the engineers, IT experts, the doctors, etc.  You don't want them?  You want to pull an iron curtain around the island and stop FTs from coming in, so that we can enjoy super high wages?  It will not happen. Companies will leave.

I am not fearful, I just want to highlight Spore not only gain from RCEP but also must bear the impact of it, be mentally prepared, no more complaining of FTs, more and more will come, Sporeans can also go other RCEP countries to work or do business paying lower taxes.

The map was found from Google search, Spore is too small to spot in the big red.

[lvlrsSTI]

Go and look at the map you posted upthread.

Big huge splash of red, but I could not even see Singapore on it.  When it's painted red, as it is, this little red dot becomes non-existent on the map.

From the way you wrote, you are fearful of competition, of FTs, FC (Foreign companies) coming in.....

Singapore is not a game setter, it is a taker, and certainly not a game changer.  We change when the rules are changed.  

Protectionism will get us no where.

Yes, workers will come in asking for lower wages.  Look at the Banglas...if not for them, you think we can still afford to build low cost HDB flats?  Try hiring 100% sinkies to do the job and see what happens.  Sinkie would rather do GRAB delivery earning $5000 a month than work as a construction worker, unless you pay them maybe $8K a month.

And you can forget about constructing the north-south corridor without cheap foreign workers.

On another level, there are the FTs...the engineers, IT experts, the doctors, etc.  You don't want them?  You want to pull an iron curtain around the island and stop FTs from coming in, so that we can enjoy super high wages?  It will not happen. Companies will leave.

RCEP means no more protectionism in these countries, RCEP countries will share natural resources and services in the region, they will also share cheap labour and technology. Competition will be tough as companies will hire best talents from other countries and cheap workers from less developed countries. More FTs from Australia, China, Korea and other ASEAN nations, more FWs will come to Spore from Cambodia, China, Laos, Burma, Vietnam and the Philippines.

[debono]

I am not fearful, I just want to highlight Spore not only gain from RCEP but also must bear the impact of it, be mentally prepared, no more complaining of FTs, more and more will come, Sporeans can also go other RCEP countries to work or do business paying lower taxes.

The map was found from Google search, Spore is too small to spot in the big red.

Is is sad and disappointing that the RCEP where the FTs can come here to work and compete with our PMETs.......

[lvlrsSTI]

The big question is how soon these countries will implement RCEP. CPTPP was signed among a dozen of nations in Dec 2018, 3 years have passed, nothing has been done. Hope RCEP will not be another RCEP just because the US is not part of it and Australia, NZ and Japan are Uncle Sam’s little brothers. 

Maybe China will push RCEP.

[lvlrsSTI]

Is is sad and disappointing that the RCEP where the FTs can come here to work and compete with our PMETs.......

It is part of globalisation, if Spore wants enter other countries’ market, other countries can also come here to take our market and jobs. PAP knew this, hopefully it is well prepared for the upcoming competition.

[Oyk]

I am not fearful, I just want to highlight Spore not only gain from RCEP but also must bear the impact of it, be mentally prepared, no more complaining of FTs, more and more will come, Sporeans can also go other RCEP countries to work or do business paying lower taxes.

The map was found from Google search, Spore is too small to spot in the big red.

Well said.

We are now about 60% local and 40% foreign.

Of that 60%, slightly more than half are the Merdeka and Gen X.  Therefore, there are less than 30% young Singaporeans vs 40% foreigners (who are most young).

So, if you go inside a typical company, you will see a lot of mature looking people....mostly Singaporeans, but when you see the young workers, they are mostly not locals.

For every two mature workers who are Singaporeans, there is only one YOUNG local Singaporean...which is basically the result of our TFR of 1 child for every 2 adults.  This is why a lot of young workers are imported to replace a fast retiring/aging older workforce.

But the fact that we have so many young foreigners means that we have a lot of workers who are not afraid to travel to anywhere to work.  If this dynamics continues, and our TFR continues to wipe out our local population, we would become a country of migrant workers...be it migrant FT or migrant FW, where Singapore is just Singapore Inc...people come and go, no love lost.  By then, it will be as you wrote...if our young locals are also willing to work overseas and seize the opportunities presented by RCEP.

[Oyk]

Is is sad and disappointing that the RCEP where the FTs can come here to work and compete with our PMETs.......

Do you seriously still think that we have lots and lots of PMETSs who are young Singaporeans? Are you not aware of our schools and junior colleges merging or closing down? Are you aware that if not for foreign students, it is not even viable to continue with our universities, and we would have to shut some of them down?

I guess you are not aware that most young workers are NOT Singaporeans but Malaysians, Chinese, Indonesians, Indians.

It is not that they displaced us, but rather, we just don't have the Singaporeans...who were never born!  (Please do not show me a picture of a man in green jersey riding a bicycle and tell me, jobs for FTs, GRAB for sinkies).

Out of curiosity, may I ask: how many kids do you have?

[webinarian]

PAP becomes more powerful and dominant when its economy is boosted.

We should see the benefits of economic boost.  

PAP is not the focus. Of course, if PAP can boost up our economy, it is good.  But PAP is not our main focus. It is the job of the ruling gov.    

.

[lvlrsSTI]

[cityhantam]

Chemical exports from Singapore get a leg up as RCEP begins

[debono]

Well said.

We are now about 60% local and 40% foreign.

Of that 60%, slightly more than half are the Merdeka and Gen X.  Therefore, there are less than 30% young Singaporeans vs 40% foreigners (who are most young).

So, if you go inside a typical company, you will see a lot of mature looking people....mostly Singaporeans, but when you see the young workers, they are mostly not locals.

For every two mature workers who are Singaporeans, there is only one YOUNG local Singaporean...which is basically the result of our TFR of 1 child for every 2 adults.  This is why a lot of young workers are imported to replace a fast retiring/aging older workforce.

But the fact that we have so many young foreigners means that we have a lot of workers who are not afraid to travel to anywhere to work.  If this dynamics continues, and our TFR continues to wipe out our local population, we would become a country of migrant workers...be it migrant FT or migrant FW, where Singapore is just Singapore Inc...people come and go, no love lost.  By then, it will be as you wrote...if our young locals are also willing to work overseas and seize the opportunities presented by RCEP.

Well said, I am impressed.....

[RiseofAsia]

After RCEP, the next big thing is to launch Asian Currency. Ditch USD and Euro…

Don’t be surprise, one day we can employ US maid.
Well done Asia…The day will come. Prosperity of Asia will last few hundred years…

China, Japan and Korea alliances are very important. This is the first step to form Asia unity. We shd bury all hatches for the grave mistakes in the past. These were not done by this generation. Hope next batch of Asian leaders have great foresight to make this happen.

[moonrab]

SG is a city relying on open sky, port, investment and supplies. 
Without rules and regulations, such connections are not reliable. 

RCEP come into Asia, binding most countries as one big market with stipulated agreements. 
What else can be better for a tiny city state? 
Must see further when thinking of our people's future welfare .

[lvlrsSTI]

Today is already the 2nd day of RCEP already, what happened?

[lvlrsSTI]

https://asia.nikkei.com/Economy/Trade/RC...ntegration