This small island with limited resources that has no money to award scholarship or even university places to local and have to hike fees regularly because local undergrads are consuming a disproportionate portion of the education budget, seems to have a different set of accounts when it comes to foreign students. At the cost of $120k each scholar, full fees covered, $6000 per year spending money, free medical insurance etc, the "journalist" did not think it was necessary to account to the taxpayers how many of those hundred thousands did not deliver on their promise of 3 years of work with a Singapore registered company. Even if this spending is a "proportionate" one, why not raise the length of their obligations every year, like how undergraduate fees must always go up?
Then again, if such scholarships are offered to Singaporeans, who would still take up the PSC scholarships that comes with far more constraints. From the article and from my anecdotal experience, many of the scholars have trouble staying employed. They are magnanimously allowed to take another undergraduate programme (another scholarship?!) or start a company or even suspend their obligations and work overseas. Not the kind of flexibility that local scholars can hope for.
And when it comes to calculating the length of contracts, the article conveniently added in the years of undergraduate study, which is unusual, for when scholarships are mentioned for locals, the study years are never counted. If counted this way, I think the A*STAR scholars would have contracts nearly two decades long.
On another page, PRC secondary school girls point out that they did not get into local schools through the "backdoor", and that they did not need to satisfy local exam requirements because they have passed many rounds of "rigorous" interviews before being granted the scholarship. Well, you tell that to the generations of Singaporeans who were mercilessly denied education opportunities because they failed their English or Mother Tongue exams, but were no less brilliant than the PRC scholars otherwise.