REACH (Telegram) 91 - What are your views on the Government’s approach to supporting fresh graduates in the job market? What more can be done to support fresh graduates in the job market?
(SK)
25 Aug 2025 (10am - 7pm)
REACH (Telegram)
REACH Singapore, [25/8/2025 9:56 am]
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REACH Singapore, [25/8/2025 10:01 am]
📢 Topic 📢
Recent and soon-to-be graduates can apply for traineeships under the Graduate Industry Traineeships (GRIT) scheme to tackle job concerns amid a more uncertain labour market and volatile economic climate. Minister for Manpower Tan See Leng announced the details of the new GRIT and GRIT@Gov programmes, which aim to support fresh graduates who are keen to gain exposure in private sector organisations and public sector agencies respectively, on Aug 22 by at the OCBC Grow Your Way festival.
💬 What are your views on the Government’s approach to supporting fresh graduates in the job market? What more can be done to support fresh graduates in the job market?
Manpower Minister Tan See Leng said the programme is designed to help fresh graduates gain industry experience and practical skills via traineeships, which can then help them explore their career options while also raising their employability.
The scheme was first announced by Prime Minister Lawrence Wong in his National Day Rally speech on Aug 17 and is aimed at boosting employability for young Singaporeans, namely Institute of Technical Education, polytechnic and university graduates.
Applications for the government-funded traineeships start in October, with up to 800 positions offered across various sectors for a start, each lasting three to six months. Trainees will receive a monthly allowance ranging from $1,800 to $2,400 for the duration of their stint. The Government will fund 70 per cent of the allowance, while the host organisation will fund the rest.
📌 More Vacancies for Fresh Graduates:
Dr Tan said that besides these traineeships under GRIT, the public sector is also offering about 2,400 immediate vacancies for fresh graduates via the Careers@Gov job portal. He added that the authorities are prepared to increase the level of support, including funding more traineeships, if the labour market worsens and if long-term unemployment continues to rise.
📌 Starting on a Smaller Scale:
Dr Tan said that the Government has started on a much smaller scale in terms of the numbers, so as to be mindful that it does not cannibalise the full-time employment opportunities for young graduates. He added that the Government does not want it to cannibalise more mature employees so companies must not have retrenchment plans in place so that they can then use this as a cheap source of labour and that the Government we will be very strict in terms of how it dispenses these monies.
📌 Identifying Host Organisations:
Workforce Singapore said it would, together with other agencies, identify “progressive host organisations from growth sectors” such as financial services, information and communications technology, as well as manufacturing and wholesale trade, to offer traineeships. Dr Tan said companies in key growth sectors, including Grab, Micron, OCBC Bank, ST Engineering, and Sea and its subsidiaries, will be among the companies offering traineeships. Roles will include those in areas such as data science, strategy and planning, business analytics, digital marketing and engineering.
📌 Previous Traineeship Scheme:
Traineeships were previously offered in the midst of economic uncertainties during the COVID-19 pandemic through the SGUnited Traineeships Programme, which was launched in 2020. Based on WSG’s experience, the SGUnited Traineeships facilitated longer-term employment outcomes for most trainees.
The government will assess whether the scheme's capacity needs to be expanded based on the economic situation and labour market indicators, as well as sentiments on jobs and the economy among fresh graduates, it added.
If the situation worsens, the government is prepared to put in more funding, said Dr Tan.
👉 https://www.straitstimes.com/singapore/govt-funded-traineeships-for-fresh-graduates-to-kick-off-in-october-with-up-to-800-places
👉 https://www.channelnewsasia.com/singapore/traineeship-employment-fresh-graduate-economic-uncertainty-5306581
👉 https://www.mom.gov.sg/newsroom/press-releases/2025/0822-grit
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Jun Ming, [25/8/2025 10:19 am]
Not very useful... Thanks
Jun Ming, [25/8/2025 10:20 am]
Scope is too limited
Khai Mun L., [25/8/2025 10:20 am]
What's so special about this year's graduates that government has to step in?
Khai Mun L., [25/8/2025 10:21 am]
I also had hard time to find job when i graduated 10years back. They need to lower their expectations and cannot expect society to spoonfeed
Adam, [25/8/2025 10:21 am]
We need systematic changes to improve job security as a whole. This is a bad band aid
Adam, [25/8/2025 10:22 am]
Why would company pay so much for workers here that need expensive rent and expensive meals. Reduce COL and we are more attractive to mncs
Adam, [25/8/2025 10:26 am]
And are the incentives to pay locals enough to give an edge over foreigners? I dont think so. Locals already have difficulty with moderate income and have to pay cpf reducing take home pay,
Also company has to pay more cpf for younger employee than older too. For the same wage in job listing, you get a discount hiring elders
Adam, [25/8/2025 10:28 am]
I dont want band aids. I want long lasting policies the benefit local born singapoteans as a whole
365, [25/8/2025 10:28 am]
Entitlement gets stronger with each generation. You're not entitled to a job just because you graduated.
Graduated from a private uni, accepted a relatively low-paying job and worked my way up.
A lot of spoonfeeding from the government and yet still not satisfied.
Adam, [25/8/2025 10:30 am]
I feel companies will exploit this spoonfeeding too. I wonder how well they evaluate these places. Sure they might hire based on traineeship. But did they reduce their normal fresh grad job listings? Would be cruel to achieve net zero
Jun Ming, [25/8/2025 10:35 am]
I feel that work study programme is much better than grit
Jun Ming, [25/8/2025 10:35 am]
As the scope is wider
Jun Ming, [25/8/2025 10:38 am]
And I am sure they need some interviews process right
Ginie/Komal ZENDORA J, [25/8/2025 10:38 am]
Add more cameras around the school for bullying.
Jun Ming, [25/8/2025 10:38 am]
It's not like a free pass
Ginie/Komal ZENDORA J, [25/8/2025 10:40 am]
For K pod n vapes, go to all pub n clubs. Every other person have them
Khai Mun L., [25/8/2025 10:53 am]
A lot of times, i have heard from other departments that the new joiner would be able to immediately contribute to the team. E.g. plug and play type.
Not many are willing to spend time and effort to train new joiners/graduates. It's this way that retaining of staff is difficult
Would need mindset change from company boss/managers (local and foreign)
REACH Singapore, [25/8/2025 11:05 am]
[ Poll : I am confident that the scheme will effectively boost the employability of young Singaporeans. ]
- Strongly Agree
- Agree
- Neutral
- Disagree
- Strongly Disagree
G, [25/8/2025 11:26 am]
Fresh grads unable to find jobs..
Isn't it concerning that graduates from the NUS (ranked 8th in the world, QS) and NTU (ranked 12th in the world, QS) cannot find jobs in SG?
So is it the uni education is inadequate? How come fresh grads need to go for skills future upgrade so soon after graduation?
What's being done to review the relevance of uni education?
Adam, [25/8/2025 11:27 am]
Yeah one thing i worry the company will only bring these trainees for plug and play roles without a path for future development. One big issue is thats how the incentive the gov give is structured.
If the gov is so gung ho about using the traineeship system, the incentive will need to align with the outcome. Or some compromises so the company moves in the direction the sg gov wants. We cannot just give them freebies.
Instead of simply paying throughout the tenure and abruptly stopping, give some much lesser incentive for holding for longer. Maybe if a corp has a high share of sg citizens by paycheck, not employment numbers, we can give tax benefits.
And we cannot just give carrots. Since the gov give support there must be some accountability. Gov have to audit employment and talent management practices of the company. Why werent they hiring sgeans before? if need support now, will hiring stop later? Are sgeans not goven advanceme t opportunities and why?
Do not give a free meal. Companies wont die without it.
xXx.SCAR.xXx, [25/8/2025 11:42 am]
I don't think the scheme is that beneficial to grads and there's opportunity costs to not securing a permanent job after taking up this offer.
But it is still better than nothing or not doing anything while developing/waiting for a perfect solution.
Another way that the government can help is to be more flexible with NS ICT call-ups while these grads find or had just found a job.
Adam, [25/8/2025 11:47 am]
Lol, ict would basically be the gov paying an nsf a traineeship 2k salary. Well nsfs are paid like trash anyway but as our minister said, their contributions cannot be measured in dollars and cents
Khai Mun L., [25/8/2025 12:04 pm]
The measure by paycheck could also misleading. CEO's pay would be much higher than most of the new grad's pay combined. Haha
Nicholas, [25/8/2025 12:09 pm]
I'm supportive as understand that the job market is really bad for fresh graduates currently. However I wonder what caused the turn in the labour market. Just two years ago, it was quite hard to hire good fresh graduates as they were getting multiple offers. Then layoffs started appearing in the news and now fresh graduates are unemployed. I hope the ministerial committees looking at this can expedite and give the report by end of the year instead of mid next year, as there seems to be a systemic issue.
Nicholas, [25/8/2025 12:11 pm]
Also in the 2008-2009 crisis, government agencies stepped up hiring significantly. Are they doing that now? And also why are government agencies only offering 2-year contracts instead of full time employment. Short term contracts only push the issue down the road, doesn't resolve it.
Adam, [25/8/2025 12:13 pm]
Yeah so would you rather the ceo of the company that benefits from traineeship grants be singaporean, or have have corps with foreign upper and middle management lord over freash grads with no path up?
Joomua Tng, [25/8/2025 1:06 pm]
the world is changing fast...if still stick to the traditional attitude of employability...then Singaporeans will face an increasing problem.
I have no solutions for it. I am out of the race so much so...driving taxi for income and hoping to master trading and make it work for wealth growth and livelihood.
for employment and employability...i am totally dropped out of the race..
up to the young graduates to use their youth and fast mind and education to compete in the ever increasingly competitive world.
.......
good luck and have fun discussing and hopefully provide a feasible solutions.
REACH Singapore, [25/8/2025 2:05 pm]
📢 Topic 📢
REACH Singapore, [25/8/2025 2:14 pm]
Dear Contributors,
We want to HEAR MORE from you!
💬 What are your views on the Government’s approach to supporting fresh graduates in the job market? What more can be done to support fresh graduates in the job market?
We have had good feedback from this group, and we hope that we can keep the discussion robust and active!
Do also share your opinion by participating in our polls! The poll questions are pinned for easy reference, and your vote is anonymous.
Thank you!
Megan 😊
LCL (Danny 心), [25/8/2025 2:27 pm]
My close friend comments:-
I also think this GRIT thingy is a stop gap measure 😬.
My comments:-
Yes.
It is a temp measure.
Because a black swan event is emerging.
Many companies not employing.
This is a stop gap measure to entice companies to employ hopefully they will eventually employ the trainees to be a permanent staff.
LCL (Danny 心), [25/8/2025 2:30 pm]
My close friend comments:-
Then there were other serious challenging periods like asian financial crisis '97 and global financial triggered by collapsed of Lehman's brothers in 2007.
The gov undertook more fundamental measures like pay structures monthly variable components, yearly variable components such that in bad times, companies can take away some or all of the variable components and keep people employed.
Grit then sounds like a temporary stop gap measure to keep grads occupied, entrusting host companies to take good care of them. Sure? I think some would.
I think pay re- structure, have to step in and it's going to be really difficult. Past few years of property boom - many might have max out their financial capability. And a straw poll from the young - don't think younger gen pay structures has variable components. Of course, they don't have to tell me the truth..long term survival for sg is a totally new game. If the world can get they acts tog minus 1 big country. The excess capacity cannot be absorbed , and what's the point of producing excess to sell at lower price? This diminishing returns will result in downsizing => long term unemployment => social unrest, conflicts and even war.
The path to survival is to find a way (1) we win, others lose (2) all win , we win more, others win less or (3) all win, we win less and others win more.
We lose is a non option. Means the end for Singapore.
LCL (Danny 心), [25/8/2025 2:52 pm]
1. Personally, I think some seisimic events are unfolding compounded by a tech disruptor that disrupt jobs -- and hence result in a global job phenomenon that have a great impact affecting employment of fresh graduates.
2. The seismic events are in effect pulling the rugs of international trade that fuel many decades of Global Economic growth in many countries bringing prosperity through trade, investment, business and job creation to many Countries.
It fundamentally change how Countries do business with one another, exchange of labour, trade through competitive advantage and job creation - an Economic the world is familiar with - into something the World is adverse of --- to be Protectionist, Isolationist and win-lose proposition --- that will have a very bad consequences to small Countries like Singapore - who is lopsidedly dependent on trade 3 times the size of our GDP (US$1.25 trillion) in trade to fuel our Economy - GDP of about US$500 billion.
3. So a black swan event is emerging - notably the Geopolitical challenges that will change the way we prosper, we do business and we create jobs.
a. Tariff War
It is an unprecedented event that mirror the 1930s Deep Depression that trigger WW2 - when tariff were imposed on foreign countries at 20% or lower.
Now the tariff imposed by Trump are 10%, 20%, 46%, 50%, 100% for semiconductor and higher for pharmaceutical.
This is emerging into an unchartered water.
Tariff is computed to bring US$600 billion revenue a year to US Treasury - not sufficient to repay US mammoth public debt of US$37 trillion.
b. Genius Act - US Stablecoin
In fact this will be the killer - that is changing the way trade payment is made - not through SWIFT US$ for trade payment and remittance - but using US StableCoin (programming code) to exchange for foreign countries cold hard cash for trade settlement and remittance.
(The U.S. dollar has for years been the world's reserve currency of choice, but that reputation was thrown into question earlier this year when foreign investors appeared to be pulling out of the U.S. Treasury bonds market.
The country's Treasury Secretary Scott Bessent has indicated that he thinks stablecoins will boost the appeal of Treasuries.)
My close friend comments:-
Kanye West's YZY Token Collapses 65% After Insiders Control 94% Supply https://share.google/EAagRSSMZDvBo9XIh
Another token collapsing. Many ways to manipulate...
I just googled Stablecoin collapse, wah! A lot ah. Stablecoin may be the next global scam.
A super scam to write off their 37T debt, scotch free.
My comments:-
Yes.
That's why crypto token, Stablecoin issuers very risky.
They try to exchange hard cash with investors.
And then collapse running away with investors cash.
Trump did that and earn hundred of millions of investors' money.
A few crypto and Stablecoin issuers also did that.
That's why we need to setup our Stablecoin to 对冲 with US Stablecoin.
Cannot use our S$ as trade payment with them.
Too dangerous.
Jun Ming, [25/8/2025 2:53 pm]
I think one reason is there's too many people in Singapore that's why not enough job
Adam, [25/8/2025 2:53 pm]
Omg why you bring crypto into this
YKC, [25/8/2025 2:55 pm]
It is important for the Fresh grad to start and start on right foot. Instead of 躺平 or do something irrelevant to their study, they get a job, and hopefully gain the momentum.
YKC, [25/8/2025 2:55 pm]
Dear Contributors,
We want to HEAR MORE from you!
💬 What are your views on the Government’s approach to supporting fresh graduates in the job market? What more can be done to support fresh graduates in the job market?
We have had good feedback from this group, and we hope that we can keep the discussion robust and active!
Do also share your opinion by participating in our polls! The poll questions are pinned for easy reference, and your vote is anonymous.
Thank you!
Megan 😊
LCL (Danny 心), [25/8/2025 2:56 pm]
1. Companies worldwide are pulling their stop in employing fresh graduates and even firing entry level workers.
These phenomenon affect countries like US, UK, EU, China and many other developed Countries.
In fact youth unemployment in China is 17.8%.
Some unemployed youth have to pay office staycation - to "pretend to work" - to ensure mental balance.
Adam, [25/8/2025 2:57 pm]
Do you have any idea how many hopeful grads work outside their degree?
I think moe and mom need to have a long long talk on what the job market needs and whether we are training the future for it
Jun Ming, [25/8/2025 2:58 pm]
Some field are actually very narrow
LCL (Danny 心), [25/8/2025 2:58 pm]
"Job seekers ‘can’t rely’ on the usual tactics, HR expert says: ‘We’re in a market we’ve never been in before’" - US.
https://www.cnbc.com/2025/08/21/job-seekers-are-in-survival-mode-hr-expert-says.html#:~:text=Job%20seekers%20%E2%80%98can%E2%80%99t%20rely%E2%80%99%20on%20the%20usual%20tactics%2C%20HR%20expert%20says%3A%20%E2%80%98We%E2%80%99re%20in%20a%20market%20we%E2%80%99ve%20never%20been%20in%20before%E2%80%99
Jun Ming, [25/8/2025 2:59 pm]
Passion is one of it and job market that give a preference is another
LCL (Danny 心), [25/8/2025 3:00 pm]
"US tariffs threaten millions of jobs in India’s textile sector as American buyers pull orders".
https://www.straitstimes.com/asia/south-asia/us-tariffs-threaten-millions-of-jobs-in-indias-textile-sector-as-manufacturers-look-for-new-clients#:~:text=US%20tariffs%20threaten%20millions%20of%20jobs%20in%20India%E2%80%99s%20textile%20sector%20as%20American%20buyers%20pull%20orders
Adam, [25/8/2025 3:01 pm]
Good luck to all grads. We now have ai hr looking at ai resume. People who do things properly will die
LCL (Danny 心), [25/8/2025 3:01 pm]
"China's unemployed young adults who are pretending to have jobs"
https://www.bbc.com/news/articles/cdd3ep76g3go?xtor=AL-72-%5Bpartner%5D-%5Byahoo.north.america%5D-%5Bheadline%5D-%5Bnews%5D-%5Bbizdev%5D-%5Bisapi%5D#:~:text=at%20any%20time-,China%27s%20unemployed%20young%20adults%20who%20are%20pretending%20to%20have%20jobs,-Sylvia%20Chang%20%2D%20BBC
YKC, [25/8/2025 3:02 pm]
Understand and agree we can't help all. The market is changing very fast and hard to predict.
Adam, [25/8/2025 3:03 pm]
Maybe this is a good time to introduce ns for women. Halve the pool of labour entering the market for 2 years and guaranteed work with allowance too.
Adam, [25/8/2025 3:03 pm]
Reduce supply of fresh grad will make employment shoot up
Hanny, [25/8/2025 3:10 pm]
New grads are not having a good in finding jobs for the next few years. This is happening all over the world. It is important that we have a stop gap measure to address the problem. Having gov to pick up the slack is a good step. It will help new grads. As employment situation improve, they can move to private sector.
Hanny, [25/8/2025 3:11 pm]
Even existing workers are not having a good time now. A lot of restructuring to match new tech and new biz climate.
Hanny, [25/8/2025 3:13 pm]
One good thing about Singapore is even if our workforce is expensive (compared to other countries), MNCs are still staying in Sg. Singapore has its own magnets to make these companies have a substantial presence in Singapore.
Adam, [25/8/2025 3:13 pm]
Yeah i keep saying the gov needs to have an overarching long term plans and solutions. Would the pap of early years give handouts to build singapore? We cant keep doing stuff like gst voucher for inflation. Traineeship for job.
LCL (Danny 心), [25/8/2025 3:14 pm]
1. My close friend has rightly pointed out that GRIT is a stop-gap measure. There is a need to look into the deeper economic structure, transform, revamp and make our Economy sesimic proof - in the onslaught of the tariff challenges, the Stablecoin challenges as well as the AI disruptor that have great impact to our fresh graduates jobs and even the current workforce.
2. I concur with my close friend views, and I am console that the Economic Resiliency taskforce - if I am not wrong - is looking seriously into such transformation - even though little information are coming out from it - because the global scene is still dynamic and evolving very quickly.
3. Hence there is a need to have a temporary stop gap measure to ensure that this current batch of IHL graduates are able to secure a useful jobs - even traineeship programme with the private sectors as well as with the Government - to build up experience - and when our Economy is successfuly transformed or/& when the Economy pick up - the trainees will be converted into permanent staff and become useful to the organisations offering this GRIT traineeship.
4. Notably, 2,400 jobs are government permanent jobs under GRIT@Gov - as this is a recruitment annual norm for the Governmnet.
Whereas 800 are traineeship programme with the private sectors - in which I feel, this will be a jumping board for participating companies to eventually engage majority of these trainees upon completion of the traineeship programme.
Hanny, [25/8/2025 3:15 pm]
I would say the long term plan is to make the workforce agile. Be able to move with the market. It's not easy as you get older. At 50+, I still have to learn new tech. It's a never ending story.
Hanny, [25/8/2025 3:17 pm]
I know there is already an existing scheme under mas where people can switch into banking and this is partly paid by gov. I dont know how many people can participate. And I have seen some people actually managed to convert to permanent position.
Adam, [25/8/2025 3:17 pm]
We cannot have an agile workforce in singapore just like we cannot have an agile housing. Imagine ideal agile world. You can switch housing quickly to be closer to workplace. But currently with mop and loans and approvals being a pain its impossible.
I agree it could be one ideal but reality is hard.
Hanny, [25/8/2025 3:18 pm]
I would say it's partly luck as well. If the bank happens to have a position and the person is there and proven capable, he will be converted.
Adam, [25/8/2025 3:18 pm]
But yeah overall, we can help alleviate job concerns with a lot of stuff like helping with housing and col situation. Make singapore more attractive to work in
Adam, [25/8/2025 3:20 pm]
With the job market, there is too much luck involved. Companies keeps their processes too closed to avoid liability. I wonder if anything can be done but doubt the gov will do something less biz friendly
Adam, [25/8/2025 3:21 pm]
Im pretty sure companies are also doing ghost listing and hidden processes so they can do internal hires or pull from abroad
Adam, [25/8/2025 3:22 pm]
If luck is a % chance then some grads will have 0% getting job in their dream company they spent a day writing resume for
Hanny, [25/8/2025 3:22 pm]
I cannot say about other gov agencies. When I was in GovTech, the agency actually made it mandatory for people to achieve certain certifications. These are well sought after certs. It makes people more marketable.
Hanny, [25/8/2025 3:24 pm]
Hiring process is not that simple. If there is a position available, that position will be posted out. Internal transfer is not that easy. I have seen it twice where it is actually people from outside who got hired instead of internal transfer.
Adam, [25/8/2025 3:25 pm]
But with all the marketable skills in the world, what makes us so unattractive? Isnt nus and ntu ranked highly? Is there a gap we are missing? The gov can skillsfuture and upskill and so and so make a perfect candidate. But then where is job?
Hanny, [25/8/2025 3:25 pm]
Well respected companies will do proper hiring practice.
Adam, [25/8/2025 3:26 pm]
This might be a stopgap, but the trend is already there. The trend is being ignored. We cannot simply help the fresh grads while ignoring the bigger picture
Hanny, [25/8/2025 3:27 pm]
One of my son's friend got internship in a company and was paid 4k. This is NUS student.
Hanny, [25/8/2025 3:27 pm]
what you study matters.
Hanny, [25/8/2025 3:28 pm]
NUS grad and major in philosophy. I am not sure about his employability.
Hanny, [25/8/2025 3:29 pm]
Gov is doing what it can to make singapore an attractive destination for MNC.
Adam, [25/8/2025 3:31 pm]
I hope so. But not just an attractive destination for mncs to base, but also attractive to hire local singaporeans
Adam, [25/8/2025 3:32 pm]
We can pull lots of mncs but can we make them hire our citizens?
Hanny, [25/8/2025 3:32 pm]
two weeks ago I met an american, son of a friend's sister. He is a Harvard graduate with 2 years working experience. He is trying to find a career in Singapore because he finds Singapore an attractive place to build his career. He was in one of the big US bank before.
Adam, [25/8/2025 3:34 pm]
Wah american might be hard. Wont he get double income taxed?
LCL (Danny 心), [25/8/2025 3:35 pm]
1. Next I want to dwell into the what difficulties the fresh graduates face in the current market so that we can know the depth of the job market problem for freshie :-
a. Graduates resumes run into hundreds when send to any companies - and it is too voluminous for the HR to sieve through the resumes and invite graduates for interview.
Hence, even good graduates will miss the chance of a face-to-face interviews -- which explain why fresh graduates can send hundreds of resumes out to many companies but no reply, and no chance for a face-to-face interview.
b. Even if fresh graduates are invited for interviews, there are too many round of interviews 3 even to 9 according to a news article.
The hiring process is too daunting and not pleasant.
c. A good many CEOs make the mistake that AI can replace many entry level jobs. MIT do a research and discover that 95% of the CEOs that do it are facing a big backlash as using AI to replace entry level jobs introduce too many hidden bugs and causing systems to fail.
In fact many big tech such as Amazon, Microsoft etc are discovering this problem.
Cisco and some other big tech are holding fort that entry level workers and fresh graduates are needed and AI is merely a productivity tools like computer and internet. AI cannot be totally replacing fresh graduates and entry-level staff.
d. I will use my nephew and nieces experience as fresh graduates in securing jobs through internship, housemanship to illustrate.
Initially, many cannot secure permanent jobs, even with those companies they have internships with.
However after I express my anxieties in REACH and with the Government announcing GRIT traineeship programmes, many companies change their minds.
Some of my nephew and nieces' companies offer permanent jobs after their internships.
Some offer scholarships to PHd.
Some are still in housemanship.
So I felt that the Government GRIT traineeship programme is a good catalyst as an indicator of confidence to encourage Companies to offer jobs to fresh graduates despite the seismic geopolitical challenges and AI disruptor compounding the hiring scene.
e. Hence I support the Government GRIT traineeship programme.
LCL (Danny 心), [25/8/2025 3:36 pm]
My close friend comments:-
There are traditionally jobs that required "traineeship" eg medicine/dentistry, law and in the past teaching profession.
But teaching profession has changed. Management trainee positions are also a form of traineeship programs.
Then it backs the question, what areas would benefit from this vis-a vis providing grants to swaddle fresh grads for another 6 months.
LCL (Danny 心), [25/8/2025 3:39 pm]
"MIT survey that put a number on what so many people seem to be feeling: a whopping 95% of generative AI pilots at companies are failing."
https://fortune.com/2025/08/24/is-ai-a-bubble-market-crash-gary-marcus-openai-gpt5/#:~:text=MIT%20survey%20that%20put%20a%20number%20on%20what%20so%20many%20people%20seem%20to%20be%20feeling%3A%20a%20whopping%2095%25%20of%20generative%20AI%20pilots%20at%20companies%20are%20failing.
Adam, [25/8/2025 3:39 pm]
If im not wrong, these programs early in the career of these fields are intense and unhealthy. May be somewhat exploitative too. I hope these things wont be extended to the rest of the workforce. I think if more young adult in their prime have to do it for lesser jobs we will be having crisis ranging from tfr to health
LCL (Danny 心), [25/8/2025 3:40 pm]
Cisco CEO: I don’t use AI to cut jobs, I just want our engineers to ... be more productive and innovate faster. - The Times of India
https://share.google/MrfzXaFr40Tb0lZZE
365, [25/8/2025 3:40 pm]
Maybe it's a loud minority from nus/ntu who expected their certs to carry them and worked on nothing else?
I graduated from private uni, didn't really receive any assistance in job application or interview guidance. I had to look up online on how to approach interviews, and studied how to craft my resume on my own accord, then landed a job.
Cannot be everything go back and blame uni/gov. This is a consequence of the government spoonfeeding too much that even at this age where they should be responsible for their own lives, still want external help.
Why never mention those from nus/ntu that managed to get stellar jobs and positions instead? Or are we sure that there's none of them?
Adam, [25/8/2025 3:41 pm]
Perhaps it could be one of the flaw of our uni education system. If they got a degree, why arent they prepared to enter.
Whats the value of a cert if still need extra spoonfeed
LCL (Danny 心), [25/8/2025 3:42 pm]
I think current job situation different from last time.
External factors impacting.
LCL (Danny 心), [25/8/2025 3:43 pm]
Previously all those who take internship will mostly get the permanent jobs.
Now many companies hold back recruitment.
Adam, [25/8/2025 3:43 pm]
But times are hard and looks desperate. If the gov thought that sending every fresh grad for a jobhunt skillsfuture will work, they would have done it
365, [25/8/2025 3:43 pm]
Value of a cert is just to show you have knowledge of the curriculum taught. It's a bonus for job hunting, not a ticket.
Adam, [25/8/2025 3:44 pm]
So yeah mayyybe grads are coddled, but i think teaching them the ways of the jobhunt will help them land one
Hanny, [25/8/2025 3:44 pm]
Someone told me that hongkongers are more resilient than singaporeans. I guess it might be due to the fact that hongkongers cannot rely on the gov to help them.
LCL (Danny 心), [25/8/2025 3:44 pm]
My close friend comments:-
Areas which traineeship can provide are emerging sectors where perhaps the IHL had not adjusted it's curriculum to embrace the new era but sg has to jump in to seize the opportunity and stay ahead.
I would think AI is one of the areas.
There is probably too much hype and overpromising now yet we should not wait to embrace.
Well defined sectors like accountancy/audit for example can go with the normal route - big 4 and accounting/audit firms can offer year 2 - year 3 internships and identify their catch and give provisional job offers before they graduate.
Management and leadership traineeship programs are invaluable.
Not all "A" grade graduates can make it, because senior and leadership positions require a lot more about the person than just knowledge.
365, [25/8/2025 3:47 pm]
I don't know if this is the expectation we should follow down the road. The more we push responsibilities on the government to teach and help everything, the more coddled the future generations will be.
Why is it that in both local and private uni, prestigious and non-prestigious, there are graduates who land stellar jobs, average jobs, or are jobless.
But we always focus on those who are jobless, and think that it's an institutional issue instead of an individual one?
Adam, [25/8/2025 3:47 pm]
Is the gov really funding and encouraging trainees for leadership and upper management? Its only significant if theres internal sttuctured programs. You cant do a management skillfuture
Adam, [25/8/2025 3:50 pm]
The grads are already doing their best. I heard most of them are doing multiple internships and some even on top while studying. You want the to do even more internship?
Adam, [25/8/2025 3:51 pm]
They probably worked many times harder to earn their credentials than decade ago and are many times more productive. So why is everyone struggling?
LCL (Danny 心), [25/8/2025 3:53 pm]
Next I want to briefly touch on why US Stablecoin is more adversely impactful on our financial system than the tariff challenges that impact our trade and affect our jobs.
Simply the Maga Lago accord intent is to make the whole world pay for US public debt of US$37 trillion.
LCL (Danny 心), [25/8/2025 3:53 pm]
心法, [20/8/2025 9:21 pm]
1. So to counter Trump's stablecoin and prevent a similar Soro type of speculative attack on our S$ (as stablecoin is a financial asset that can also be traded in future contracts) ---- Singapore need to come out with another measure.
2. Singapore need to issue a S$-StableCoin for trade payment in US trade to do hedging.
(Stablecoin 对冲).
S$ Stablecoin to US$ Stablecoin - program code to program code exchange.
3. We cannot use our $S hard currency to exchange for US stablecoin in trade payment.
Else we lose our S$ in exchange for strings of program codes (Stablecoin) a useless assets - if issuers default or de-couple from its US bonds or currency.
4. The establishment of $S-StableCoin can come under an Act call "Divine Act" driven by MAS.
心法, [21/8/2025 4:05 am]
[21/08, 2:38 am] ☸️ Danny 心: "GENIUS Act was signed into law one month ago. What did it change?"
https://crypto.news/genius-one-month-what-is-the-impact/#:~:text=GENIUS%20Act%20was%20signed%20into%20law%20one%20month%20ago.%20What%20did%20it%20change%3F
[21/08, 4:04 am] ☸️ Danny 心: Take note of the intent of Stablecoin under the Genius Act:-
1. Stablecoins really have the potential to ensure American dollar dominance internationally, to increase the usage of the U.S. dollar digitally as the world’s reserve currency, and in the process create potentially trillions of dollars of demand for U.S. treasuries.”
2. The growing popularity of USD-pegged stablecoins across the world facilitates an indirect demand for the U.S. dollar and the U.S. Treasury bills. Especially given that the GENIUS Act requires stablecoin issuers to back their supply and make each token redeemable.
3. Thus, stablecoin issuers stimulate the buy pressure on USD and keep these dollars to back their supply instead of selling them, while people will keep on using stablecoins not only to dodge sanctions or buy illicit goods, but simply because individuals and institutions find paying in stablecoins is easy.
心法, [21/8/2025 3:52 pm]
[21/08, 1:42 pm] ☸️ Danny 心:
The impact of tariffs very widespread and cover many sectors in US.
I read some articles that say, US can collect about $600 billion dollars in tariffs in total per year.
But unable to cover the huge public debt of $37 trillion.
Republican party suggest giving 350 million Americans with tariff rebate of $600.
But evidently not enough to cover the debt of $37 trillion, how to give tariff rebate?
With high inflation due to tariff $600 per Americans also not enough to cover their high cost of living.
Hence Trump think of using Stablecoin to suck the world hard cold cash through trade to finance its $37 trillion debt.
So be very careful, don't fall into its Soro trap. Soro hedge fund use currency exchange rates through future trading of financial assets to steal the hard cold cash of targeted countries currencies.
Hence after discussion with my son, I propose setting up S$-StableCoin.
To 对冲 for trade payment to protect our hard cold S$.
[21/08, 1:50 pm] Close friend: Like during Japanese occupation, Japanese introduce banana notes. People rather hoard food and items refuse to sell.
[21/08, 1:50 pm] Close friend: US trying to change the currency.
[21/08, 1:52 pm] ☸️ Danny 心: Yes.
Exactly like Japan banana money.
This time we use program code to replace banana money to exchange with US Stablecoin banana money.
Don't use our S$ hard earned cold money to exchange.
Else they steal all our hard earned money away.
[21/08, 1:54 pm] ☸️ Danny 心:
This notion come to my mind when my son drop hint to me - when he relate how Soro use currency exchange rate and future trading to steal our money.
That's why it spur me to think of setting up S$-StableCoin banana money for trade payment and preserve our $S.
That is US pay our exporters with US Stablecoin.
We pay US exporters with S$-StableCoin not S$.
Else if US default on their Stablecoin, we only left with program code and no US$.
But US will possess our hard cold S$ if we use Sing currency to pay US exporters instead of S$-StableCoin.
365, [25/8/2025 3:55 pm]
Who is "everyone"? Is there no one within the cohort who managed to do well? Multiple internships sure, but how well did they fare during the internships? How did the organization assess them?
On the other hand, I've also heard of graduates rejecting jobs due to different reasons. Not only pay, some due to distance, work hours, culture, not enough benefits, etc. So we are working with both ends of the spectrum here, but which is the one that always makes the news?
I think there is a selection bias in the situations of graduates in news media.
Adam, [25/8/2025 3:58 pm]
I thought there has always been a bias toward seeing good outcomes because people want to save face. Especially in ges. If we are seeing more bad either people are more open on talking about failures or things are serious
Adam, [25/8/2025 3:59 pm]
Since the gov is actively adressing it instead of monitoring the situation, im pretty sure the situation isnt too good
Adam, [25/8/2025 3:59 pm]
Since the gov is actively adressing it instead of monitoring the situation, im pretty sure the situation isnt too good
LCL (Danny 心), [25/8/2025 4:00 pm]
1. Eg. US importers pay our exporters US Stablecoin instead of US$.
2. Our importers pay US exporters S$ cash.
3. When this happens, Singapore is laden with US Stablecoin and US will get all S$ cash.
4. If US Stablecoin issuers default, the US Stablecoin we hold become worthless.
5. But if we set up S$-StableCoin, instead of using S$ cash, our importers pay US exporters S$-Stablecoin and not S$ cash.
6. So if US Stablecoin issuers default, we don't lose our S$ cash but still hold on to their worthless US Stablecoin while their exporters hold on to our S$-Stablecoin.
7. Then what happens to our exporters, the holder of US Stablecoin? And what happens to US exporters holding our S$-StableCoin?
8. Very easy, we will exchange the US Stablecoin with their exporters who hold our S$-StableCoin - if our exporters can't convert US Stablecoin into US $ cash. US exporters holding their US Stablecoin will chase their Stablecoin issuers for US$ cash dollar for dollar. If default, US government will solve their problem with their exporters and Stablecoin issuers - and it is non of our business.
9. But for our exporters who now hold S$-StableCoin our government or issuers will convert it to S$ cash - $1 for $1.
10. Hence we preserve our S$ wealth - and not stolen by US Stablecoin issuers who default with the useless digital programming code.
Adam, [25/8/2025 4:00 pm]
I hope the gov wont say all jobs are good jobs like how all schools are good or all hdb is choice
365, [25/8/2025 4:01 pm]
I think this holds true in the past, but the culture has shifted already.
And as much as I appreciate the government for what they are doing, it is still politics in the end and they will take action for what may earn them more votes.
I'm not sure if you'd agree, but I graduated and found a job when covid started, and I don't think that classifies as a good job market.
Adam, [25/8/2025 4:02 pm]
If i was offered a flat in choa chu kang ill also reject and hope for a better flat near my workplace or parents. Unless the price is too good of course
Adam, [25/8/2025 4:02 pm]
Same for jobs. Have to reject if not good enough
Adam, [25/8/2025 4:03 pm]
Gov cannot spam low quality jobs. Every singaporean can find a job if willing to be grab driver
365, [25/8/2025 4:04 pm]
They are free to reject, but it is also a choice they made. There is no guarantee of a next job offer, so it's a risk they are taking.
It unemployment risk worth the prospect of a better job? Up to each individual to decide.
For some, if travel > 1hr is considered low quality.
There's a lot of individual preferences built into this, so the data is not always that great.
REACH Singapore, [25/8/2025 4:05 pm]
📢 Topic 📢
Adam, [25/8/2025 4:05 pm]
Yeah is a tough decision. Some people argue that getting a bad first job is worse than a few months of unemployment for long term career
LCL (Danny 心), [25/8/2025 4:06 pm]
心法:
====
[22/08, 3:37 pm] Close friend: We buy US stuff using stable coins. But because we are experiencing trade deficit with US, we have to hold more stable coins. In that sense, sg 白白 buy/hold computer generated codes. And there are ways to pump up prices of stable coins so we may end up paying and paying.
[22/08, 3:42 pm] ☸️ Danny 心: Hmm....
That's why we need to study the mechanism in details.
Most important we need to try to maintain a balance payment equilibrium or surplus with US.
Because even though our trade with US is in deficit, our service with US is in surplus.
Thus we will ensure we have a advantage when trading with US whether in goods and services.
With S$-StableCoin, we can ensure our S$ cash is not suck away - that is our defence mechanism is in place already - just need to tweak our trade in goods and services accordingly.
If Singapore don't issue our Stablecoin, we completely lose out whether we are in trade surplus or deficit.
====
[22/08, 7:48 pm] Close friend: We don't have strong manufacturing. Balance trade is not a target. Eg. Defence expenditure enough to tip the balance. Can't be trying to buy different weaponry from different countries. Soldiers pilot should be very familiar with their gadgets. Cannot anyhow today train in US jet. Tmr fly Germany's. Furthermore got integration problem with central control and radar systems.
[22/08, 7:49 pm] Close friend: Consumer products, where cheap buy from there.
[22/08, 7:49 pm] ☸️ Danny 心: That's true.
That's why got to plan properly.
We may have some disadvantage because we have trade deficit with US and got to keep more US Stablecoin.
But the risk is make smaller.
[22/08, 7:50 pm] Close friend: IT products pay MS, oracle licensing pay until xiao.
[22/08, 7:51 pm] ☸️ Danny 心: True.
That's why got to layout everything and then allocate accordingly.
Eg. Big finance from US come to our financial hub through swift.
[22/08, 7:53 pm] Close friend: Pharm products got patent still have to buy from country of origin such as US. Generic drugs then can buy from cheaper source.
[22/08, 7:53 pm] ☸️ Danny 心: Hmm...
That's true.
[22/08, 7:56 pm] ☸️ Danny 心: Our trade deficit with US is US$28.4 billion.
[22/08, 7:57 pm] ☸️ Danny 心: But total trade is US$131 billion - so very big amount.
[22/08, 8:04 pm] ☸️ Danny 心: That is US$28.4 billion is at risk to US Stablecoin because we have deficit with US but safeguarded (US$131 billion - US$28.4 billion) = US$102 billion with our S$-StableCoin.
[22/08, 8:52 pm] ☸️ Danny 心: US FDI investment in Singapore is $424.21 billion in 2023.
I think we are quite safe even though our trade deficit with US is US$28.4 billion.
[22/08, 9:47 pm] ☸️ Danny 心: That means US MNCs in Singapore will have to remit its money or profit back to US using US Stablecoin.
This will further reduce our trade deficit exposure of US$28.4 billion.
Because assume US MNCs profit is 10% annually, that will be US$42.42 billion and can offset our trade deficit of US$28.4 billion when transmit from Singapore banks to US banks using US Stablecoin.
So I think as long as we have S$-StableCoin, we are relatively safe.
Our risk exposure to US Stablecoin is greatly reduced when hedge against them using our S$-StableCoin.
Adam, [25/8/2025 4:06 pm]
You should ask your close friend to join reach tele
LCL (Danny 心), [25/8/2025 4:08 pm]
My close friend has been asked to join Whatsapp REACH and telegram REACH - but prefer to remain anonymous.
Anyway our backend conversation has generated many insightful thoughts that have great impact to our country.
365, [25/8/2025 4:08 pm]
Another example is some feel that 5k per month is too low of a salary so they reject. It's their choice.
I feel maybe there can be a survey to find out what Singaporeans (or graduates) are willing to accept on average.
Expectations mismatch could be another issue. While market is indeed tough now, there's another factor that employers and prospective employees have different expectations.
If this mismatch of expectations continue, I think there will be no long-term solution.
Understand the root cause first.
Adam, [25/8/2025 4:10 pm]
I wonder if future salary will be pegged to traineeship pay. Will employers hesitate to double the trainee from 2.5k to 5k when become full time? Im not sure if the traineeship will even have jobs in fields with median or above salary
365, [25/8/2025 4:13 pm]
Median currently is sitting around 5k for all employed. So I doubt most grads come out can reach 5k straightaway, only the ones who really excel. I have a friend who hit near 10k just the 2nd year after he graduated, and I am lagging far behind.
Not bitter, but this is where I really believe in merits. Not just uni certs, he actually went and look for the requirements in the job listing, and trained himself for it before applying, so he got it.
365, [25/8/2025 4:14 pm]
I can admit it's my own decision to not work as hard as he did for it, so I'm not getting that kind of pay.
LCL (Danny 心), [25/8/2025 4:14 pm]
[22/08, 1:08 pm] Close friend: Just last year, fresh grads complaining $4000 too little, some openly wishing for $10k...
[22/08, 1:11 pm] ☸️ Danny 心: Yes.
I still recall.
The economy turn for the worst very suddenly when Trump announced his tariffs against the world.
The global economy suddenly turn for the worst.
Adam, [25/8/2025 4:15 pm]
Im not sure what jobs there are out there exactly but heard lots of high pay early career work their employees to the bone. I am kinda fortunate to find a pretty sweet spot with nice flexibility and benefits while also well paid
Adam, [25/8/2025 4:16 pm]
The hope is that eventually the high early pay will translate to high future pay with less workload
Khai Mun L., [25/8/2025 4:16 pm]
My own experience, getting a lower paying job could be a step to a better one.
E.g. i joined as an outsourced vendor with lower than average pay. Did well and abit of luck that the client company had opening to offer me
Adam, [25/8/2025 4:16 pm]
But thats another gamble jobhunters have to take.
Khai Mun L., [25/8/2025 4:18 pm]
To me, having a job with lower pay is better than jobless. No income, cannot do anything.
Plus being in a job, can help network with possible employers and give applicants something to elaborate during new job interview
Khai Mun L., [25/8/2025 4:20 pm]
Need to get out of the house and earn their keep instead of depending on others.
Who knows, might meet their potential spouse during their temp work
365, [25/8/2025 4:20 pm]
I agree, which is why I suspect there might be an expectation mismatch.
And honestly I'd like to be proven wrong on this.
365, [25/8/2025 4:22 pm]
Good job > bad job > no job
You have a choice to reject a bad job, but that does not guarantee a good job afterwards.
Adam, [25/8/2025 4:26 pm]
Some grads choose to do further studies to ride out bad market but now dunno if masters cert will be worth
Khai Mun L., [25/8/2025 4:27 pm]
Yup, that's a possibility. It's a risk they have to take.
Plus further study would need money, where would it get it from?
Adam, [25/8/2025 4:28 pm]
There might be a rich poor divide too. Despo grads have to accept first offer. If got rich parents support and no debt, they can spend more time applying
Adam, [25/8/2025 4:29 pm]
Wait, middle class parents will support. Truly rich ones have lobang for guarenteed spot
Adam, [25/8/2025 4:31 pm]
Sometimes feel all the feel good vibes of people saying they think they and their peers have it good in job market. They are from fortunate backgrounds
Jun Ming, [25/8/2025 4:39 pm]
Agree my friend have been jobless since her contract ends for a year already
Jun Ming, [25/8/2025 4:41 pm]
She has been going interviews and interviews to try to secure a job
Jun Ming, [25/8/2025 4:41 pm]
Now she just stick with part time
LCL (Danny 心), [25/8/2025 4:50 pm]
"I'm a high-school student who wants to be a coder. I'm betting some of my peers will rely too much on AI."
He is absolutely right, vibe code from AI cannot replace a knowledge programmer who have solid foundation of the coding fundamentals.
AI can solve one thing and break another in a complex system.
A person solely relying on AI without strong foundation in computer science will be of no value compared to a knowledgeable computer science graduates who can solve AI mistakes and hallucinations and fixed them.
https://www.businessinsider.com/high-school-student-coder-despite-ai-2025-8#:~:text=I%27m%20a%20high%2Dschool%20student%20who%20wants%20to%20be%20a%20coder.%20I%27m%20betting%20some%20of%20my%20peers%20will%20rely%20too%20much%20on%20AI.
LCL (Danny 心), [25/8/2025 4:51 pm]
"China’s youth unemployment hits 11-month high as army of graduates joins job hunt.
China’s youth unemployment hit 17.8 per cent in July, the figure’s highest level since August 2024, as millions of degree holders seek work".
China youth unemployment much more serious than Singapore.
https://www.scmp.com/economy/economic-indicators/article/3322347/chinas-youth-unemployment-hits-11-month-high-army-graduates-joins-job-hunt#:~:text=China%E2%80%99s%20youth%20unemployment,holders%20seek%20work
Jun Ming, [25/8/2025 4:55 pm]
Maybe gov should not only consider job option but open another route through entrepreneurship
LCL (Danny 心), [25/8/2025 4:56 pm]
Just to close the loops on MRT/ DC discussion in previous topics.
心法:
1. Yes you are right.
2. The actual configurations for most primary and backup data centres nowadays are active-active - both DCs taking in network traffic in parallel.
3. My illustration of failover from primary to secondary - is to depict a network traffic flow from a user standpoint (also mimicking a MRT commuter action if a MRT line is down, walkover to another working line) - akin to a web user traffic path if a network hit is down - hence the term "failover" is used
4. But in actual fact, both DCs are operating in an active-active mode. Not active-passive, that need to bring up the backup DC if primary fail. This is the older design.
5. New design is active-active, both DCs sharing traffic load.
6. But in the context of Global Data Centres whereby there are a few DCs operating in various continents, usually priority is for users in the respective continent to hit its network traffic locally rather than accessing another continent's active DCs.
7. Reason being, the routing cost will be very high if accessing other continents' DCs rather than local DC.
Also response time will be much slower as it go round the trip across the globe rather than a very short distance for local DC.
Local data are stored in overseas DCs servers, storage and backup if accessing foreign DCs network system in which some companies want their data to be stored locally and not overseas servers and storage.
8. Hence techniques such as primary DNS to resolve URL are point to local DC rather than overseas DCs, tweaking the route metric, prioritise local traffic to local DC, caching etc.
9. Only when local DC is down, will the GLB 3DNS resolve the URL to overseas DCs.
10. Hence even though primary and secondary DCs are configured as active-active, all local hit will be directed to local DC.
Only when local DC fails, will then local traffic be "failover to secondary DCs in other continents".
Hence "failover" is used in this scenario giving the impression that active-backup configuration is used - which in fact all DCs are configured as active-active.
But a global multiple active-active DCs need to operate this way - that is local traffic go to local DC.
11. As for the uptime requirements of DC 99.99%.
12. Depending on how to specify failure.
13. Rightfully it should be measured as service availability to customers.
14. If measured by components failure, then the absolute uptime should be very low because everyday yellow icons are bound to have.
15. Red icons happen once in a while due to fault and bugs occur in various hardware, software and supporting devices.
Definitely not once every year. It will be a myth, a fairy tale.
16. But because of full redundancy built-in, IT services to customers are not impacted - hence can uphold the service level agreement of 99.99% DC service availability.
Jun Ming, [25/8/2025 4:56 pm]
Let the graduates start opening companies at a very low cost
Jun Ming, [25/8/2025 4:56 pm]
Try and error
Jun Ming, [25/8/2025 4:57 pm]
As now nobody can afford a failure
Jun Ming, [25/8/2025 5:07 pm]
In this way you create job along the way
Jun Ming, [25/8/2025 5:09 pm]
Like a mall for startup
Jun Ming, [25/8/2025 5:12 pm]
Then rental maybe as low as 1k. So sgt brands got chance to shine
LCL (Danny 心), [25/8/2025 5:20 pm]
My close friend comments:-
All said, we have to brace ourselves for the worst case scenario, high unemployment not just for fresh grads. GRIT is not the cure but can help to alleviate some pain points.
Before asian financial crisis in late 90s, those around me were still partying and making big purchases with loans.
Lehman's brothers collapse, those around me asked why I'm worrying and very shortly the domino effect hit everyone and become a global financial tsunami.
In fact, I'm quite pessimistic this round, just quietly hoping I would be wrong.
If everything turn out well, then just withdraw the program.
LCL (Danny 心), [25/8/2025 5:38 pm]
1. Trump trade tariff - immediate impact is on trade reduction, manufacturing fall, business fall, job cuts. US tariff revenue is US$600 billion - a dwarf, child-play compare to its annual deficit US$3 - 5 trillion and US$37 trillion public debt.
2. Trump US Stablecoin - is a medium and long term goal - targeting at the global finances (in fact, this is the "real killer").
It aim to "print money", "quantitative easing" - that leverage on its trade advantage to force global exporters, global investors - to exchange their hard earned cold cash with the useless assets programming code (Stablecoin) - to help US finance and pay their mammoth US public debt of US$37 trillion.
3. If we don't have counter measures - and still continue to use our traditional bank financial system aka S$ hard cold cash to do trade payment and investor remittance - not long after we will be laden with US Stablecoin (useless assets - programming code - that can be defaulted) and our $S all ended up in the coffer of the US Treasury.
This is the "Killer".
LCL (Danny 心), [25/8/2025 5:38 pm]
That's we can suddenly go bankrupt.
LCL (Danny 心), [25/8/2025 5:43 pm]
1. Read how Soro currency speculative attack Country by Country - bring down UK financial system in less than 4 months using exchange rate through future trading.
Mexico financial system.
And the Asian financial crisis that bring down Thailand, Malaysia and Indonesia.
2. Previously, 1 pound = S$3.5.
Now, 1 pound = S$1.73
1 ringgit = S$1
Now, 3.28 ringgit = S$1
3. So our currency can plummet if US StableCoin come into effect -- if we don't prepare a counter measure.
Moses Kor kwang loong, [25/8/2025 6:20 pm]
Of course if government funded fresh graduates,will be more happy than ever
But if our ruling government can support private security industry and that'll be best
LCL (Danny 心), [25/8/2025 6:45 pm]
Channel 8 news, DPM Gan Kim Yong say government not only looking at jobs.
But also looking into Economic Restructuring and Resiliency by the taskforce —— in ensuring our business are resilient and jobs are secured for our workforce.
This confirm our understanding that the GRIT traineeship programme is indeed a temporary stop-gap measure.
More lasting and resilient measures are evolving to ensure our business and jobs are resilient-proof.
REACH Singapore, [25/8/2025 6:46 pm]
Dear Contributors,
⏰ We will be closing the chat in 15 minutes ⏰
Thank you very much for being part of our Telegram chat and participating actively.
Goodnight!
Megan 😊
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