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eadingwallstreetinvestmentbank,recruitedhisdaughterbeforesheevenstartedherfinalyearinatopusuniversity.uponjoiningthebankaftergraduation,shewasaignedtoacorporatefinanceteamthatexecutesbillion-dollarprojects.apartfromthepay,suchafirstjobexcitedandchallengedher.

iaskedcheowtongwhetherhisdaughterwouldcomebacktosingapore.hecouldonlysay,"ihopeso."ihopesotoo.

ihopethedaughterofmrabdulrashidgani,managingpartnerinthelawfirmofkhattarwong&artners,willcomebacktoo.shewasoneofthetopstudentsincornelluniversity.duringherfinalyear,threetopfinancialititutioinnewyorkwooedher.theyflewhertonewyork,putherupinfirstclahotelsandtookherouttofinerestaurants.sheisnowworkingforcreditsuiefirstbostoninnewyork.

greenharvestingofbrightstudentsisacommonpracticeinamerica.itshowshowhardtopcompaniestrytorecruittoptalent.wemaylosemanysingaporeathisway.

othersmallcountriesfacesimilarproblemsretainingtalent.newzealandisagoodexample.manynewzealandersworkoverseas,inaustralia,britainortheus.somanynewzealandershaveemigratedthatnewaperswriteabout"theflightofthekiwis",eventhoughkiwiscaotfly.

recently,aneminentprofeorfromthelondonschoolofeconomics,profeorrobertwade,okeataconferenceinauckland.hesaid:

"onceathresholddeityofskilledpeopleislost,therateofout-migrationislikelytoaccelerate,companiesandorganisatiowillhaveincreasingtroublemeetingstaffingneeds,thequalityofpublicserviceswilldecline,thetaxbasewillerode,andsoon."

profeorwadealsookeofhowoverseastaiwaneseandkoreaareofferedcoiderableincentivesandsuidiesbytheirgovernmentstoreturnhome.evenchinaisnowdoingthis.howmuchmorecriticalmustitbeforsingaporetoattracttalentfromaroundtheworldandtoretainourtalent?

inthenextfewmonths,asoureconomyslowsdownandunemploymentincreases,somesingaporeamayagainquestiontheneedformoreglobaltalent.iurgeyoutounderstandthatthisisamatteroflifeanddeathforusinthelongterm.ourowntalentisbeingcreamedoff.ifwedonottopupourtalentpoolfromoutside,in10years''time,manyofthehigh-valuedjowedonowwillmigratet

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