Apache, there is no large untapped pool of "Asian Pilots", thats the ironic twist in this whole mad scheme. Usually wage arbitrage is between at least two existing markets. In this case, they are actually attempting to create a pool of pilots that doesn't actually exist in the target market (Singapore) to effect the arbitrage. Off-shoring to in-shore.
Judging by the number of emails I receive from multiple crewing companies for Asian assignments, there appears to be quite a shortage in Asia. Quite frankly, if you are going to be forced to work in Asia, would this be the mob of choice?
The Australian basing/lifestyle was always touted by management as the reason they could discount wages compared to other operators in less desirable locales. They appear to be attempting to kicking the leg out from under their own stool with Asian basings, hence the need for captive debt slaves.