arecentarticlebythenewaper,"theaustralian",commentedhowcorporatesingaporewascontrolledtightlybyasmallgroupofpeople.thesamefewsingaporeaareontheboardsofmanycompaniesandgovernmentstatutoryboards.
thejournalistdidnotknowtherealreason.thetruthis,wedonothaveenoughcorporatetalenttodrawon.hence,somanydemandingjofallontheshouldersofthesamefewpeople.
wehavegoodlocaltalent,butweneedtotopitupwithglobaltalent.
othersarerecruitingtalenttoo
wearenottheonlyonestohaveconcludedthatglobaltalentiseential.
australiarecentlyenlargeditsimmigrationprogrammetobringinabout45,000skilledmigrantsayear.andjapanisfinalisingablueprinttoimportatleast30,000itprofeionalsinthenextfiveyears.
theuseconomyhasdoneimmeelywellbecauseitenjoysa"braingain"yearafteryear.
forexample,onequarterofthecompaniesinsiliconvalleyarecreatedbyorledbyindianandchineseimmigrants.also,since1945,theushaswon60(228)ofallthenobelprizesineconomicsandthesciences.atleast30oftheseeconomistsandscientistswerebornoutsidetheus.
attractingmulti-nationaltalent
thatiswhywehavetobringinmulti-nationaltalent,likethewaywebroughtinmncs.
likemncs,multi-nationaltalent,ormnts,willbringinnewexpertise,freshideasandglobalcoectioandperectives.ibelievethattheywillproducelastingbenefitsforsingapore.
thecompetitionformntsisintee.justasweuseincentivestoattractmncs,wemayneedtocoiderecialmeasurestoattractmnts.
retainingsingaporetalent
butthewarfortalentisnotjustaboutattractingforeigners.retainingourowntalentisgoingtoproveabigchallenge.brightsingaporeaarebeingharvestedbyothersevenbeforetheygraduate.
yeocheowtongtoldmethatjpmorgan,al
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