SICC | Singapore International Chamber Of Commerce | Raffles Quay – The voice of international business in singapore
Having trouble viewing this email? Click here
SICC
9 MAR 2021  |  ISSUE 339
 
MEMBERCONNECT

Dear Members and Friends

Yesterday was International Women’s Day and Commonwealth Day. We all know the yellow brick road to gender and racial equality is never fast or linear. It is long and winding. Equal pay for equal work is still not the norm. Women are still under-represented on company Boards in Singapore and elsewhere. For every few steps forward we collectively take, something comes along which reverses progress.

One such unintended reversal appears to be last week’s announcement of the end of the Letter of Consent (LOC) system which enables Dependent Pass Holders (DPs) to work easily. The exception is business owners who meet specified criteria. Chief among these is providing employment to Singaporeans. The reality is most DP business owners do not earn enough to employ anyone but they can lead fulfilling lives.

The new rules impact women disproportionately because they are the majority of working expat partners and spouses. Some work in foreign national business chambers, others in private education teaching foreign languages. Others are entrepreneurs. Much of the work they do does not take a job away from a Singaporean.

What are the initial results? For now, and until we get clarity, lots of unhappy, partners and spouses worried about whether or not they will be able to work after their LOC expires and whether or not their businesses can survive. Schools worried about their teachers and students. The over 40’s worried about whether or not the minimum salary of SGD 10,000 applies to them.

This means lots of unhappy families. Relocating foreign executives to Singapore will be harder if they know their partner or spouse will not be able to work. The image of Singapore as welcoming talent takes another hit which we can’t afford. Our society will be the poorer for it and yet, will there be a significant increase in jobs for Singaporeans? Probably not.

Of course, the policy intent was not to impact anyone negatively. It was to harmonise DP employment terms with the work pass system. After all, other countries do the same. But other countries are not city-states. This city-state needs to stay exceptional to survive and thrive.

Yours faithfully
Victor Mills
Chief Executive
 
Ad Sponsor For advertising enquiries, please
email us
 
Upcoming Events Upcoming Events
Event1
24 March 2021
*Webinar* Distinguished Speaker Series: Mr Tan Chong Meng
Event1
31 March 2021
*Webinar* The ASEAN Series: Myanmar
Event1
21 April 2021
*Webinar* SICC-ESSEC Leadership Series: Dialogue with SGInnovate CEO, Dr. Lim Jui
Event1
5 May 2021
Virtual Certificate of Origin Seminar
Event1
11 May 2021
Virtual ATA Carnet Seminar
   
 
 Strategic Partners
 Sponsors
 Principal Strategic Partner
 Silver                                                                  Bronze
 logo-sas1  logo-essec1  logo-jamescook1  logo-prudential1 Global Partners Logo
Keep safe. Use TraceTogether.
Facebook LinkedIn YouTube
Singapore International Chamber of Commerce
6 Raffles Quay #10-01, Singapore 048580 | www.sicc.com.sg | [email protected]
Copyright © 2020 SICC. All rights reserved.
 
If you do not wish to receive future emails from Singapore International Chamber of Commerce, Opt-Out.


Cvent - Web-based Software Solutions