I received many DMs asking about my experience overseas. I wanted to share my time in Singapore, where we lived for 7 years. We moved there when my eldest was 6 months old. My second child was born in Singapore.
We were on an Employment Pass for many years before we made the decision to apply for Permanent Residency. About 4 years into our stay in Singapore, I received a letter from the government.
Letter was sent from a government unit. It was a personalised letter addressing my wife & children’s names. It talked about importance of people in Singapore’s nation building.
The letter also assigned me a relationship manager who gave me her contact details if I wanted to know about life in Singapore, assimilation & how I’d like to contribute to community or national development work
My colleagues said it was a cryptic way to encourage me to apply for PR. We were very comfortable in Singapore, it was home and we could see ourselves living there for a long time. We applied for PR.
Application process was easy, but lots of paperwork. Upon submission, I was called for a face-to-face interview 15 months later. The interviewers were very polite and asked me many questions from childhood, family, work. Very detailed. Session lasted 2 hours.
Few weeks later, on Singapore National Day I received an email saying our PR has been approved. Looking back at the process, they really did a lot of work to identify people, and zoom in. I was privileged to have been selected.
I believe my experience is shared by many PR holders in Singapore whom I have spoken to. Many are attracted to Singapore because you’re up against the very best in the industry (I can speak about investment personally). That’s how you become better at what you do. Competition.
There are many things we can learn from Singapore, how to retain talent is one aspect where we trail far behind. This is what will set us apart from the rest of the world; good human capital.
Rather than us debating about attracting Malaysians from abroad, let’s focus on keeping Malaysians from leaving the country first. We know the problems, we know the solutions, what’s left is to implement policies properly.

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More from @jalilword

5 Dec
(1) Malaysia gets downgraded from A- to BBB+ . What does this mean? fitchratings.com/research/sover…
(2) What are rating agencies? Rating agencies are third parties who are assigned to analyse a country’s bond and assign ratings. Besides Fitch, two other main rating agencies are; Moody’s & S&P
(3) Why does it matter? Fund managers have mandates in their portfolios which soecifically mentions what bond ratings they are allowed to buy. The higher the rating, the better. As ratings go lower, risk profile increases
Read 13 tweets
9 Nov
I had a look at the Budget and penned doen my opinions. Much has already been analysed on the nitty gritty details. I want to focus on 10 points from the strategic perspective. This is a thread.
(1) Way forward. There was not mich detail on the strategic direction of how C-19 economy will look like. What are our sources of revenue? How are we getting more income amidst poorer business sentiment? ..
.. I’d have liked the Budget to have been broken into short term (getting C-19 under control & jobs), medium term (re-opening country & borders) & longer term (structural)
Read 17 tweets
8 Nov
Agree. Decisions need to be decentralised.
There is going to be huge educational impact as result of lockdown. Not everybody is blessed to have a device for each child at home to do online learning. As a result, the digital & inequality divide grows further
Then schools. How many have the necessary infrastructure to conduct online learning. Teaching methods need to be altered, how do you evaluate progress. Kids need social interaction
Read 5 tweets
6 Oct
With C-19 not ending anytime soon, most hammered industry is aviation & tourism. Tourism is big revenue driver for Malaysia. It’s also the sector with biggest multiplier effect because people spend money on hotel, food, shopping - that benefits wide range of sectors
Malaysia Airlines - we must ask the question do we need a national airline? If the answer is an adamant yes, the thought process around how to run the airline must change. It must be part of larger tourism play, rather than focusing purely as an airline., as it’s been doing now.
This means looking at the Middle Eastern model where the state owns the airline, airport & some leisure / tourism assets. The airline is used as a means to draw tourists to the country.
Read 13 tweets
5 Oct
It happened once before with another institutional investor. Foolish to do it again with another. Same playbook, but lesson never learnt
Biggest company does not mean better. We have many large ones that are inefficient. One must ask why EcoWorld wants to merge (and lose ownership control) unless they are not doing well? There are severe cashflow problems, add that to weak demand for properties
You create this giant that you then feel compelled to rescue when in financial trouble. Why put yourself through this? When easier solution is to make UEM more efficient
Read 5 tweets
11 Sep
We have many different state funds in Malaysia, and often many are confused as to what they do and how they operate. I thought I’ll make a thread to explain
(1) Khazanah is a catalytic development fund that has been designed to align itself with the country’s policies. That’s why we have the PM as chairman ..
.. Khazanah received a seed injection upon inception in early 90s & since then had to raise money from
(i) raising debt
(ii) selling down stake ..

Unlike other sovereign wealth funds that Khazanah often gets compred to, Khazanah does not receive cash injection from the govt ..
Read 16 tweets

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