RUMOR ALERT! P1, P2 passholders may become PRs automatically
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DISCLAIMER: What follows is strictly a rumor. There's absolutely no confirmation and no one but the government can confirm it (and if you are the government, please don't sue me). I am only reporting what has reached my ears. This is something I have been hearing for 3 days in a row, from different people in different sectors. It is not my intention to spread FUD (fear, uncertainty and doubt).
From January 10, 2009 the government is planning to automatically convert all P1 and P2 employment pass holders to PRs.
This rumor is already doing the rounds in offices and other establishments.
My analysis: There are some 99,000 employment pass holders currently in Singapore. It would be a brilliant move on the government's part to convert their current status to that of a permanent resident.
Imagine how much money would accrue to the CPF in the process - likely in the range of $1 billion a year.
It would also enlarge the pool of potential home buyers by 99,000, driving up the demand for HDB flats and condos and reining in the price crash that has been predicted.
It would help retain many talented people within the country as PR status enables them to stay in town and hunt for other opportunities in case they get the pink slip.
It would also pave the way for a fresh wave of foreign talent, this time not from the US or the UK but from China, India and other neighbouring countries, who are only too keen to become Singapore PRs.
Another likely possibility: a small percentage of these PRs may start their own business, thus expanding the economy. -
hahaha.... FL in geylang become PR. Great ideas.... contributing to our social welfare in singapore. And so encourage more FL from all over the world to come in flooding our society with vice. And so our sillypore become a place for many PRs. Later better ideas will come out like all PR auto become citizens. Wow... even better so all Foreigners become local citizen will vote for the ghamen when our original citizens become minority. Long live the Leegime!
this is indeed a perverted generation as quoted in the Holy Bible.
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Anybody can be a PR in Singapore.
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hahaha.... FL in geylang become PR. Great ideas.... contributing to our social welfare in singapore. And so encourage more FL from all over the world to come in flooding our society with vice. And so our sillypore become a place for many PRs. Later better ideas will come out like all PR auto become citizens. Wow... even better so all Foreigners become local citizen will vote for the ghamen when our original citizens become minority. Long live the Leegime!
this is indeed a perverted generation as quoted in the Holy Bible.