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Singapore: New Prime Minister Transition, Immigration Assimilation & Schools - E419

00:00:00 - Preview 00:01:29 - TikTok Legislation Discussion 00:10:51 - Immigration Policies and Startup Challenges in Singapore 00:11:33 - Malaysia's Innovation Ecosystem and Talent Attraction 00:15:02 - Education and Immigration: Proposals for Singapore 00:19:06 - The Need for a CTO Pass Shiyan Koh, Managing Partner of Hustle Fund, and ​​Jeremy Au talked about three main themes: 1. New Prime Minister Transition: Jeremy Au and Shiyan Koh delved into 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 rather than downsizing or merging Singapore’s top-tier schools in response to declining birth rates, the government should broaden and increase the ASEAN scholars program. Expanding this initiative would accommodate more immigrant children who are keen to integrate, fostering assimilation with local students who would benefit from enhanced global perspectives and networks. 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. They can also nurture the next generation of technical leaders in Singapore, and help Singapore stay competitive as a tech hub. In contrast, Malaysia has launched a new open-door tech talent policy to attract and poach startup founders and highly productive immigrants that cannot get to work in Singapore. Jeremy and Shiyan also shared how they had not 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/singapo... Nonton, dengar atau baca wawasan lengkapnya di https://www.bravesea.com/blog/jsingap... 观看、收听或阅读全文，请访问 https://www.bravesea.com/blog/singapo... Get transcripts, startup resources & community discussions at www.bravesea.com WhatsApp: https://chat.whatsapp.com/CeL3ywi7yOW... TikTok:   / jeremyau   Instagram:   / jeremyauz   Twitter:   / jeremyau   LinkedIn:   / bravesea   Spotify English: https://open.spotify.com/show/4TnqkaW... YouTube English:    / @jeremyau   Apple Podcast English: https://podcasts.apple.com/sg/podcast... 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! #Singapore #TikTokLegislation #PoliticalLeadership #GlobalTechLeadership #StartupImmigration #VC #VentureCapitalist #BRAVEpodcast