Singapore’s greedy maid employment agencies

The greedy employment agencies

September 17th, 2013 |  Author: Contributions

While drinking tea at Katong shopping centre, I watched a brand new Bentley driven by a maid agency owner. At Katong shopping centre, there are full of maid agencies. The money from slave trade is good. Most of these owners owned 3 or 4 condos. How they make that kind of money to own such luxuries? Readers, a very cruel way: For 8 months, the maid works for free. The money goes to the agencies. Suppose the maid salary $500, if one month the agency closed say 1000 deals, that work out to $500,000 per month, around the areas, you can see vultures of Bangla and Indian workers trying to exploit these poor Indonesia maids. They know, the maids are vulnerable, as for 8 months, they have zero incomes. These maids were forced into part time prostitution.Some of them borrowed from money lender or pawned their lands to pay to the Indonesian agencies. Why the government allowed these cruel things to happen?

Wan, a 25 year security officer, earning $1,600, a 12 hours job. I told him you are darn stupid. $1,600/30; 53$ /12: $4.40 perhr. I told him, you might as well work in 7/11. Good news, he resigned. Now he is working in maintenance side. Why are the security agencies having a unfair leverages?  Well, the government allow the malaysian to work. I told Wan, you are stupid, they paid the malaysian 1,500, $500 levies, total cost: $2,000, the best part they used you to killed you, they need the quota and they have to employed you to get the quotas.

Why the government allows all these disadvantages against our local workers? The companies are taking advantages against our locals. The genius scholars ministers, must find ways to close these loopholes that enrich the agencies. For your information, wan told me, agencies collected $2,700 from the owners, a clean $1000 profits, if the agencies having 500 personnel, wow, easily half a million dollars. Why the government allows all these profiteering?

While in the office of my friend who runs a employment agency, I told her, why do not you recruit Singaporean, she told me point blank, Singaporean cannot pay commissions. In lky, 90′s birthday, the PAP trolls were singing praises, how lky brought Singapore, what it is now. They are really myopic as our workers become slave to these greedy employment agencies.

The unfair practices by employment agencies have to put to a stop.

Aziz Kassim

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (, the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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