Warrior88 0 Report post Posted September 28, 2010 SINGAPORE: It is a permanent residence scheme for million-dollar investors, one which spells out clearly the financial criteria that an applicant needs to fulfill. But from Oct 1, foreign entrepreneurs applying for permanent residence under the Contact Singapore's Global Investor Programme (GIP) will find the bar raised. They must now have a company turnover of at least $30 million per annum in the most recent year and at least $30 million per annum on average for the last three years to qualify. Previously, they needed at least $10 million in the most recent year and $10 million on average for the last three years. Also, from Jan 1, they will have to invest at least $2.5 million in a new business entity; or in the expansion of an existing business operation; or in a GIP-approved fund. In the past, entrepreneurs needed only to invest between $1 million and $2 million. The changes, announced on Aug 31 on the Contact Singapore website, come on the back of a tighter immigration policy. They are also a sign that the Government is being "more selective" about the kind of foreigners the country is taking in, said Government Parliamentary Committee (Manpower) deputy chairman Charles Chong. "In slowing down the number of immigrants, we could either set the criteria higher or resort to balloting which we don't want. We want to attract higher category applicants. These economic migrants are beneficial for the country," he said. Mr Chong, who is a Member of Parliament for the Pasir Ris-Punggol GRC, dismissed the notion that this was an election ploy. He described the move as a "general policy shift to reduce the number of immigrants". However, he acknowledged that the changes could result in fewer entrepreneurs qualifying under the GIP scheme. Still, Mr Chong added: "The policy is not cast in stone, I'm sure the Government will be flexible and adjust to the needs of the nation." - TODAY/fa Share this post Link to post Share on other sites
therat 18 Report post Posted September 28, 2010 good. They should review all those Cerf doc that they had submit for EP, S-pass and PR. will not surprise, they might found sth.. Share this post Link to post Share on other sites
bepgof 20 Report post Posted September 28, 2010 (edited) Prices of pte pty will be kena. Once one's stomach is full, become choosy of food. Rule of human nature. Anyway, 2 hands 2 legs support le Edited September 28, 2010 by bepgof Share this post Link to post Share on other sites
Warrior88 0 Report post Posted September 28, 2010 good. They should review all those Cerf doc that they had submit for EP, S-pass and PR. will not surprise, they might found sth.. Yap, check TCM, school teacher, pilot, bankers ... sure got some Share this post Link to post Share on other sites
Warrior88 0 Report post Posted September 28, 2010 Prices of pte pty will be kena. Once one's stomach is full, become choosy of food. Rule of human nature. Anyway, 2 hands 2 legs support le Interesting to read how China curb pty speculations. Developers also kena MOP. Those who hold land more than 1 year without developing ban from next land tender. Share this post Link to post Share on other sites
bepgof 20 Report post Posted September 28, 2010 (edited) Interesting to read how China curb pty speculations. Developers also kena MOP. Those who hold land more than 1 year without developing ban from next land tender. See China's recent announced foreign currency reserve portfolio "suck" JPY, & EUR, "throw" USD. A joke for a day: People say there is no difference between COMPLETE & FINISH ... But there is! Marry the right lady, you are COMPLETE, Marry the wrong one, you are FINISHED.... And when the right one catches you with the wrong one, you are COMPLETELY FINISHED!......loh Edited September 28, 2010 by bepgof Share this post Link to post Share on other sites
Warrior88 0 Report post Posted September 28, 2010 See China's recent announced foreign currency reserve portfolio "suck" JPY, & EUR, "throw" USD. A joke for a day: People say there is no difference between COMPLETE & FINISH ... But there is! Marry the right lady, you are COMPLETE, Marry the wrong one, you are FINISHED.... And when the right one catches you with the wrong one, you are COMPLETELY FINISHED!......loh LOL .... nicely written.... anymore for difference between complete/finish/over/end Share this post Link to post Share on other sites
bepgof 20 Report post Posted September 28, 2010 (edited) I'm not joking abt the recent China's foreign exchange reserve policy drift. Where she goes, players follow, I think USD now is in the "suay" trend. China also suffered huge loss due to her investments in Fannie Mae & Freddie Mac. Now scared. Look at our GIC, TMSH, lost some already cry father & cry mother, forming don't know what the committee to minimise risks, siad Tony Tan today. Well known fact that Americans have been living in luxurious through printing money & raising bonds/treasury, indirectly "spending" others' money. Once they are declared bankrupt, the others "suay". Edited September 28, 2010 by bepgof Share this post Link to post Share on other sites
bepgof 20 Report post Posted September 30, 2010 (edited) USD down again, Gold up. 1USD=1.42, feb 2010 1USD=1.37, sep 2010 Now UOB sells golds, 1kg=SGD55,xxx A year ago at, 1kg=SGD56,xxx Don't know want to buy or not le. "Currency war" in the forming. World govs are "dumping" USD. US gov still wants to print more money, sigh. Printing money like turn on tap water, let it runs freely.... Appreciate RMB will help create more jobs in the US? Labour-intensive mfg jobs US already "thrown away" long long ago, cos little/no-value added. Poor China still doing...too much manpower. Edited September 30, 2010 by bepgof Share this post Link to post Share on other sites
