Not sure we are looking at the same numbers...Wd40 wrote:If you see the % growth in the population of work permit holder(EP+SP) from 2010 to 2011 it is 4.29% and from 2011 to 2012 it is 4.79%.
So the loss in EP holders is more than made up by S Pass holders.
You are right. I goofed up, I used the Work Permit(Total) number that was just below EP and SP, thinking that it was the total of the 2.AngMoG wrote:Not sure we are looking at the same numbers...Wd40 wrote:If you see the % growth in the population of work permit holder(EP+SP) from 2010 to 2011 it is 4.29% and from 2011 to 2012 it is 4.79%.
So the loss in EP holders is more than made up by S Pass holders.
- The increase of combined EP+S-Pass was 23% / 44,900 and 20% / 47,300 respectively for 2009 to 2010, and 2010 to 2011. For 2011 to 2012, it was only 9% / 26,900, and for the first half of the year, it is 3% / 10,000 so far compared to Dec-2012. Keep in mind that 2009 was a year of recession, with very low increase.
Also consider this: in December 2007, there were just 143,700 EP+SP holders, now there are 326,200 - or in other words, more than twice as many.
Yup, pretty much. S-Pass population still growing quite strongly at the moment, but I am wondering how long this can go on, as there are quotas in place which have actually been decreasing, so there needs to be a ceiling at some point. In other words, we would see S-Pass population becoming stagnant at some point in the not-so-far future. The F&B industry is already suffering quite a bit, to my knowledge.sundaymorningstaple wrote:So this would easily explain what we already know, by anecdotal evidence, that new passes are being rejected more and more as the exponential growth in EPs & S passes has slowed down meaning they are mostly doing renewals and a few replacements but S passes are being filled up by former Q or P2 pass holders. I don't think we've seen the end of it yet either.
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