[26/05, 1:06 pm] ☸️ Danny 心: https://vt.tiktok.com/ZSxxc2qWQ/
@Babe:1. Singapore FDI investment in 2026 - reach record high $58.6 billions per quarter hitting $197 billions.
FDI mainly in high end high value added sectors such as finance, technologies & IT and advanced manufacturing - producing high salary jobs.
2. Singapore median monthly salary reaches $5,775 (including CPF).
3. Singapore achieve full employment in 2026 (companies finding it difficult to recruit workers in Singapore).
(Note :- in economic term 3.1% unemployment is universally considered low - as there are workers not actively looking for jobs).
[26/05, 1:15 pm] ☸️ Danny 心: @Babe:1. Joint Development zone (with JB, Batam) missions is to rationalize joint attraction of global FDI into our investment zones - to capitalize and exploits the merits offer by each zones.
2. Eg. Singapore offer high values RHQ, logistics, financial services, high technology advanced manufacturing, well connected ports, air cargo etc but come with high rental and manpower cost.
3. JB and Batam - provides the advantages of low cost land rental, lower manpower costs.
4. Hence, Gardenia, H&M, Amazon that do online fresh groceries deliveries - are well suited to move into JB and Batam - because they require low cost, blue collar workers input - that does not fit into Singapore economic transformation landscape for advanced manufacturing and high paid jobs.
[26/05, 1:20 pm] ☸️ Danny 心: @Babe:1. StanChart job cuts are mainly corporate function roles, support roles that include positions such as risk management and regulatory compliance - that can be automated by AI.
2. StanChart however are increasing job roles to hire more relationship managers, accelerate product innovation, improve digital and client experience, as well as upgrade and launch new client centres.”
@Babe:1. Singapore financial capital under management has increase to more than $6 trillion - plenty of wealth relationship management jobs required by StanChart to tap the wealth management.
@Babe:The total financial assets under management (AUM) in Singapore's fund management industry has surpassed S$6 trillion, building upon the S$6.07 trillion (US$4.46 trillion) recorded prior to the latest growth period. The wealth and asset management sectors continue to see healthy client inflows, driven by the steady expansion of family offices and private equity. [1, 2, 3]
@Babe:So Singaporeans must be able to see the complete picture how Singapore economic transformation landscape are evolving in order to appreciate how Singapore business and jobs have been elevated into a higher value, higher income jobs - instead of being alarmed by some movement of business out of Singapore and retrenchment of some workers.
Able to see the big picture and connect the dots - will make Singaporeans more informed instead of becoming alarmist.
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@Babe:1. Through carefully calibrated economic transformation:-
Singapore has become the highest GDP PPP per capita in the World.
2. Top 5 Global GDP (PPP) per Capita Leaders.
The most recent figures from major global financial institutions demonstrate Singapore's dominant economic standing:
Singapore: \(\sim \$150,000 – \$173,000+\)
Luxembourg: \(\sim \$140,000 – \$158,000\)
Ireland: \(\sim \$140,000+\)
Macao SAR: \(\sim \$125,000 – \$135,000\)
Switzerland: \(\sim \$105,000+\) [1, 2, 3, 4, 5]
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@Babe:Singapore is globally recognized as one of the most AI-ready economies and leading smart nations.
The city-state’s strategy focuses on large-scale AI deployment and workforce resilience rather than building frontier models from scratch.
This approach is driven by the National AI Council (NAIC) and the Economic Strategy Review (ESR).
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@Babe:1. In layman terms, do we want companies that offer $1,000, $2,000, $3,000 jobs - to make bread, clothing, pack grocery or do backend mundane excel spreadsheet, print invoice, go through paperwork.
2. Or do we want our Government to attract high value high salary jobs that pay $5,000, $6,000 to above $10,000 - that do advanced manufacturing such as AI chips, chips design, wealth relationship manager, AI developers, creators, R&D, etc?
3. Singapore economic resiliency transformation and national AI council is to create high salary jobs for Singaporeans.
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