Artwork

Kandungan disediakan oleh Jeremy Au. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Jeremy Au atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
Player FM - Aplikasi Podcast
Pergi ke luar talian dengan aplikasi Player FM !

Singapore: New Prime Minister Transition, Immigration Assimilation & Schools and CTO & Engineering Pass with. Shiyan Koh- E419

24:22
 
Kongsi
 

Manage episode 417902330 series 3243141
Kandungan disediakan oleh Jeremy Au. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Jeremy Au atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

Shiyan Koh, Managing Partner of Hustle Fund, and ​​Jeremy Au talked about three main themes:

1. New Prime Minister Transition: Jeremy and Shiyan discussed the transition of Prime Minister leadership from Lee Hsien Loong to Lawrence Wong. They discussed the potential challenges that the new Prime Minister would face such as addressing wealth inequality and evaluating the efficacy of current social programs. They also speculated on potential policy shifts that might occur under the new leadership including those related to property taxes, GDP growth focus, and social welfare enhancements. They empathized with local negative/ positive sentiments regarding the future and the dropping Total Fertility Rate (0.97 in 2024) which eventually leads to a shrinking population.

2. Immigration Assimilation & Schools: Jeremy and Shiyan discussed Singapore's distinctive "barbell" immigration strategy, which primarily attracts either high-skill individuals through initiatives like the Tech Pass and Global Investor Program or blue-collar workers, leaving a notable gap at the mid-skill level where many startups find their needs. They highlighted that startups often employ young, promising talents compensated more heavily with stock options, which are not adequately recognized in Employment Pass criteria, and lack eligibility for EDB support typically reserved for MNCs. This situation compels local founders to opt for remote hiring and training, nurturing the next wave of startup leadership in the region instead of inside Singapore. They suggested that the government should broaden and increase the ASEAN scholars program.

3. CTO & Engineering Pass: They proposed the introduction of a "CTO/ Head of Engineering Pass" to attract highly skilled technical rising stars (rather than Tech.pass which is for senior, mature executives). These individuals are more plugged into the next generation of tech needs (e.g. AI, biotech), hungrier to lean in and build, and leverage "robots" that can upgrade the productivity of their startups, clients and the broader SME sector - thus increasing the Total Factor Productivity of Singapore’s economy, boosting GDP and thus tax revenues for social welfare programs. In contrast, Malaysia has launched a new open-door tech talent policy to attract and poach startup founders and highly productive immigrants who cannot get to work in Singapore.

Jeremy and Shiyan also shared how they hadn't foreseen that USA legislation could be structured into a "collective deadline/ ticking time bomb" phasing - law to be established in principle and win political points - but 1. implemented far out enough to mitigate political repercussions for the US elections 2. give a longer preparation/ migration period for affected advertisers and consumers, 3. structure in discretionary extension periods for more negotiating power 4. given enough space for legal battles over whether it can actually be implemented. They compared this approach to Singapore's swift and China’s retroactive law enforcement for passed legislation.

Watch, listen or read the full insight at https://www.bravesea.com/blog/singapore-new-prime-minister

Get transcripts, startup resources & community discussions at www.bravesea.com

WhatsApp: https://chat.whatsapp.com/CeL3ywi7yOWFd8HTo6yzde

TikTok: https://www.tiktok.com/@jeremyau

Instagram: https://www.instagram.com/jeremyauz

Twitter: https://twitter.com/jeremyau

LinkedIn: https://www.linkedin.com/company/bravesea

TikTok: https://www.tiktok.com/@jeremyau

Instagram: https://www.instagram.com/jeremyauz

Twitter: https://twitter.com/jeremyau

LinkedIn: https://www.linkedin.com/company/bravesea

English: Spotify | YouTube | Apple Podcasts

Join us at the startup conference Echelon X! We have 30 exclusive complimentary tickets for our podcast listeners. Sign up and use the promo codes BRAVEPOD or ECXJEREMY to claim your free tickets now!

  continue reading

438 episod

Artwork
iconKongsi
 
Manage episode 417902330 series 3243141
Kandungan disediakan oleh Jeremy Au. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Jeremy Au atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

Shiyan Koh, Managing Partner of Hustle Fund, and ​​Jeremy Au talked about three main themes:

1. New Prime Minister Transition: Jeremy and Shiyan discussed the transition of Prime Minister leadership from Lee Hsien Loong to Lawrence Wong. They discussed the potential challenges that the new Prime Minister would face such as addressing wealth inequality and evaluating the efficacy of current social programs. They also speculated on potential policy shifts that might occur under the new leadership including those related to property taxes, GDP growth focus, and social welfare enhancements. They empathized with local negative/ positive sentiments regarding the future and the dropping Total Fertility Rate (0.97 in 2024) which eventually leads to a shrinking population.

2. Immigration Assimilation & Schools: Jeremy and Shiyan discussed Singapore's distinctive "barbell" immigration strategy, which primarily attracts either high-skill individuals through initiatives like the Tech Pass and Global Investor Program or blue-collar workers, leaving a notable gap at the mid-skill level where many startups find their needs. They highlighted that startups often employ young, promising talents compensated more heavily with stock options, which are not adequately recognized in Employment Pass criteria, and lack eligibility for EDB support typically reserved for MNCs. This situation compels local founders to opt for remote hiring and training, nurturing the next wave of startup leadership in the region instead of inside Singapore. They suggested that the government should broaden and increase the ASEAN scholars program.

3. CTO & Engineering Pass: They proposed the introduction of a "CTO/ Head of Engineering Pass" to attract highly skilled technical rising stars (rather than Tech.pass which is for senior, mature executives). These individuals are more plugged into the next generation of tech needs (e.g. AI, biotech), hungrier to lean in and build, and leverage "robots" that can upgrade the productivity of their startups, clients and the broader SME sector - thus increasing the Total Factor Productivity of Singapore’s economy, boosting GDP and thus tax revenues for social welfare programs. In contrast, Malaysia has launched a new open-door tech talent policy to attract and poach startup founders and highly productive immigrants who cannot get to work in Singapore.

Jeremy and Shiyan also shared how they hadn't foreseen that USA legislation could be structured into a "collective deadline/ ticking time bomb" phasing - law to be established in principle and win political points - but 1. implemented far out enough to mitigate political repercussions for the US elections 2. give a longer preparation/ migration period for affected advertisers and consumers, 3. structure in discretionary extension periods for more negotiating power 4. given enough space for legal battles over whether it can actually be implemented. They compared this approach to Singapore's swift and China’s retroactive law enforcement for passed legislation.

Watch, listen or read the full insight at https://www.bravesea.com/blog/singapore-new-prime-minister

Get transcripts, startup resources & community discussions at www.bravesea.com

WhatsApp: https://chat.whatsapp.com/CeL3ywi7yOWFd8HTo6yzde

TikTok: https://www.tiktok.com/@jeremyau

Instagram: https://www.instagram.com/jeremyauz

Twitter: https://twitter.com/jeremyau

LinkedIn: https://www.linkedin.com/company/bravesea

TikTok: https://www.tiktok.com/@jeremyau

Instagram: https://www.instagram.com/jeremyauz

Twitter: https://twitter.com/jeremyau

LinkedIn: https://www.linkedin.com/company/bravesea

English: Spotify | YouTube | Apple Podcasts

Join us at the startup conference Echelon X! We have 30 exclusive complimentary tickets for our podcast listeners. Sign up and use the promo codes BRAVEPOD or ECXJEREMY to claim your free tickets now!

  continue reading

438 episod

Semua episod

×
 
Loading …

Selamat datang ke Player FM

Player FM mengimbas laman-laman web bagi podcast berkualiti tinggi untuk anda nikmati sekarang. Ia merupakan aplikasi podcast terbaik dan berfungsi untuk Android, iPhone, dan web. Daftar untuk melaraskan langganan merentasi peranti.

 

Panduan Rujukan Pantas

Podcast Teratas