Upgrading peasant expectations

We have made progress. We started by squatting on the roadside eating from street peddlers. We have moved to hawker centres, aircon food courts and into restaurants. Now we are even into fine dining. At hawker centres, the dirty hawkers would throw the plate of char kway teow at you, with the dirty chopsticks as well. And you cannot demand for anything. That was what you paid for. In fine dining, things changed. The cooks are of international standards and paid top dollars. They knew perfectly what they are expected to deliver. The ingredients are the finest and freshest. The dining tables and chairs, the crockery and cutlery, each piece may cost a few hundred bucks. The table cloth, the service staff, not simply waiters and waitresses, are specially trained with fine manners to pamper the diners. These are what the peasants must learn to expect in fine dining. And they need to upgrade their taste and attitude. They cannot simply accept slipshod services and quality of food. When the service staff are rude and uncourteous, they must be rudely told off. When the food are not well prepared, they must demand to see the chef. There is no excuses for poor quality. They cannot turn around and tell the peasants, 'If you don't like huh, you could yourself lah.' They may be peasant made good chefs, no matter. Professional chefs of international standards, and paid in millions, must live up to their reputation and deliver quality stuff. Anything less is shortchanging. There is no such things as asking the people on how to cook a meal. They are the experts, and they called themselves the experts. When the menu is for French cuisine, it must be French cuisine. How would the peasants know how to prepare fois gras or escargots? How would the peasants know what is good wine or higher grade vinegar? The attitude and expectations of both peasants and chefs must change. Peasants should be more discerning and demand for good service and quality products. And they must know what is good service and quality products. They have the right to demand. For they are paying top dollars for it. The chefs must have some self respect to do what they are paid for. They can't be expected to continue with hawker fares and shaft it down the throat of the peasants. It is terribly embarrassing for top chefs who can't deliver and still collect top pay checks. As we progress, everyone must upgrade their mindset, their training and skills and expectations. Then only we will have real progress.

How not to make friends?

I was staring at the Today paper this morning. And staring back at me, on the top right hand corner of the front page, titled, Where Money Talks, Some of Asia's least and most corrupt countries. Standing right on top is the famous brand, Singapore. Right at the embarrassing bottom, Indonesia. The thing is that there are many ways of presenting data that can help to blow our own trumpet without blowing foul air at people whom we have no reason to dismiss. Why can't the column just post the top 5 best and leave it as that? Or is it our nature to tell the brutal truth? I am best, you are last!

Myth 148 - The Golden Period

Many people will be turned off by this phrase. Many will sneer at its pomposity. Many will rubbish it off. But believe me, it is true. This is not a myth. We are indeed in the golden period. Never in our history have so many people who upgraded from HDB flats to live in mansions. And not only one mansion but another 5 or 10 private properties. And some better still, a few more properties overseas, to hedge just in case Singapore sinks tomorrow. With so much money to play with, they can have all kinds of contingency plans. Never in our history have there been so much wealth that $600k is rubbished as small change. And there are many people who have so much money that they can say, 'What is $5 million or $10 million?' And never have there been so many people bathing in money, earning millions and millions. If this is not the golden year, then what is? And the phenomenon is not only happening here. The same thing is happening in Malaysia. Many are also laughing all the way to the banks. Many have exceeded the Swiss standard of living by all means. For those who are left behind and cannot experience the golden ray, it is their fault. This is a land of opportunities. Exploit the system to your benefit. If you can't then don't blame others. I don't blame others though I am not experiencing any of the golden ray. Just not talented enough.

Infidelity - The Andy Ho Twist

We spent some time last week speaking tongue in cheek about lust and the sweet young things and about ladies night. The issue was how lusty and alluring these young things were compared to the more mature and experienced ladies in their matronly age. Who would be of more value to lure men to spend money on them in night clubs and to sought their company? It was all about how sex sells. Andy Ho has given the issue a new twist in his article in the ST today. He compares the value of the womenfolks with the value of aged women like his grandmother. Interesting way to include grandmother into the discussion on human lust. Now I am amused. Cheers Andy, for the humour.

Golden Period or Golden Era

There is a big debate going on now. No they are not arguing whether it is a period or an era. It is about who owns the most gold. And gold is what people should be going after. The prophecy of Matilah is coming true. The fiat money is shrinking so fast that once it took $1 million to buy a home, now it is going to take $2 million. Once it took $3 to buy a plate of noodle, not it is $4.50. Once it used to be $4 or $5 a trip on a taxi, now it is $8 or $10. The safest thing to do now is to convert all the fiat money to gold. Soon we may be trading, buying or selling things with gold when the fiat currency turns into banana currency. Good luck to your $200k or $1 mil savings in the CPF when you lay your hands onto it. Now you know why your savings will never be enough. Better to ask CPF Board to allow depositors the choice to convert their savings into gold. Welcome to the golden period.

Myth 147 - The good news myth

The landlord goes to his tenants with the good news. The economy is doing very well. Property prices are going up. But he is going to increase the rental by $500 a month. And another good news, he is giving the tenants 3 month's of rebates. So for three months in a year he would waive the $500. And a sweetener. Every month he is going to provide one packet of 3 in 1 coffee free for his tenants.

Why are prices higher?

Lilian Lee Pei Lin went to Shop N Saves and found that all the prices are higher than it used to be. And there are many signboards shouting loudly that the store is absorbing the 2% GST increases. A pack of eggs used to be $4. Now it is $4.08. Anyone needs a calculator? Wondering why is she asking 'Why are prices higher?' It will be more fun is Shop N Save puts up another sign saying 'It is good for you.'

A surprising GDP growth

8.2% yoy growth in the second quarter and economists are revising the whole year estimates which can possibly be double digits. That's a big surprise. Would there be surprising news for the people, I mean the citizens, the good kind of surprises? Basically, what's in it for the people? Higher income, higher employment rate, higher prices, higher costs? Would the better than expected economic data be justification for raising fees and rates in good times, quickly before the feel good moment is gone? That may not be surprising. Not at all.

Red Mosque - Violence begets violence

The situation at the Red Mosque left Musharraf with little choice. When militants chose the path of violence, it must be met with violence. Procrastination or appeasement will only bring on more pressure to the Musharraf govt. He is left between the devil and the deep blue sea and not between god and prosperity. The storming of the Red Mosque is like a repeat of the Tian An Men Incident. It is controversial and will be attacked by one side and defended by another. Once violence has been promised, it must be delivered to quell further violence. And it needs a greater violence to stop it in its path. Unfortunately, the violence of muslim militants will not be stopped by the storming of the Red Mosque. The disease is too widespread, it is an international problem and will be supported by international movements and organisations. It will never end until one party is extinguished. A similar situation is festering in southern Thailand. Peaceful negotiation is no longer an option. It is now a fight between God and Allah.

Political Party Manifesto 6

Education is the greatest leveller of our society. It facilitates mobility of people up the social strata. It is a relatively neutral vehicle to carry the people along and it must be kept that way. The citizens must be given every opportunity to take a ride on this vehicle without any obstruction. And political parties must ensure that the education vehicle assists and not inhibits the aspirations of the citizens. I am stressing on the word citizens and not people from all corners of the world. Doing a bit of charity for other people is acceptable but citizens must always come first. Violation of this principle is unacceptable if political parties are seen to represent the interest of the citizens. Provision of educational opportunities at minimal cost to the citizens is a key objective of political parties. It is investing in the people and the future of the country. This is different from investing in non citizens which is a hit and run option. Also, the country's resources are meant for the citizens. Non citizens have no right to this claim and neither any political party has any obligation to take care of them. A citizen's first policy is vital to the existence of all political parties.

Political party manifesto 5

No one shall be deprived of hospital care A motherhood statement that is politicallly correct to say but must be seen to be done. Means testing may be one way to do it to make sure that no one is deprived of hospital care and no one shall take advantage of hospital subsidies. Of course this is debatable. There are many ways to skin a cat. Maybe skinning a cat is not the right choice of phrase as it connotes the meaning of tearing off something and causing pain. There are many ways of providing health care, or there are many ways of charging health care. I think for political parties, the key issue is how to provide health care at a reasonable cost and not how to make profits from the sick. But both can still exist side by side, make profits to subsidise the less able to pay. At the profit end, there are people who are willing to pay and it is criminal not to make profits from them. At the lower end when people are sick and unable or unwilling to pay too much, it is sinful to force them to pay. Political parties have to strike a balance between the two and hopefully making one pays for the other. It would be nice to hear political parties come out with a position that B2 and C wards will be subsidised without the tedious and mean process of means testing. That people are given a choice to choose to pay little or pay more and the hospital facilities structured accordingly. Political parties should not have evil thoughts and mean minds to skin the poor and those who do not want to be skinned. The attempt to skin, the obsession to skin is bad.

Changi and NUH up charges

Singaporeans are so lucky that both hospitals have not raised their fees for the last 10 years. Finally, when costs are pushing up after 10 long years, they have decided that some of the fees like A & E have to go up by 10 to 15%. For the sceptical and cynical, they might argue that for the two hospitals to maintain the rates for 10 years without increasing, then either the fees they charged 10 years ago were giving them very good returns or that they were absorbing all the increasing costs and suffering losses. It all depends on how one looks at an issue. One can criticise or rejoice, complain or praise according to how one interpret the data. But the truth will still be out there.

CPF - Grabbing at straws

The Straits Times gives Chua Mui Hoon almost one whole page of the Editorial Page to justify why it is good to raise the withdrawal age for the minimum sum to 65. It is so pathetic. Her only good reason for not returning the money to its rightful owner is for CPF Board to improve its returns to the people. Who cares about those miserable returns that could not even keep pace with the GST increases. It is a non issue. Nobody is interested in the interest rate. The longer the money is kept, the lesser it is worth. The issue is what right has the govt to keep on holding on to the people's money? The life long savings of the people must be returned to the people at the earliest possible as it is their just reward for a life time of struggling and working. This is the last contentment for the ageing and dying men and women and no one shall deprive them of it. They have worked for a life time, waited for a life time, looking forward to this moment to breathe a little easier, to touch the money that they have slogged and saved all this while. How cruel it can be to die without seeing it, without touching it and without being able to spend it for themselves, to go for that holiday, to buy a good meal for themselves, or a little toy for their own amusement?

The strong Sing dollar

We have one of the strongest currency in the world. Great. Imagine what I can do with $200k in India. The thought of the possibilities is so pleasant. Find a little village and live like small Maharajah. Thanks to our strong dollar. Now the bad news. It is not even enough for my retirement here. Not enough even to buy a 4 room flat in town. May not be enough to go for a major operation in our world class hospitals. Barely enough to buy a good entry level continental car. That is the value of our strong dollar at home. Can any Singaporean with $200k afford to retire here? What about all those who have less than $30k when they retire? It is the good life,so bless to live in the golden years of this island paradise. I rather spend my money in the not so golden era of India and enjoy my twilight years bathing under the golden ray of my $200k. The rich poor Singaporeans. That is really stretching the dollar. Blessed are the Singaporeans.

When LKY talks about caution

Yes LKY cautioned that if we let our rental run wild and beat Hongkong to it, we will lose our competitiveness. We will gain the coveted title of the most expensive Asian city and make many property owners very happy. But that will be the last euphoria. Who is LKY addressing this remark? Food for thought.

No one be turned away for medical treatment

$20k deposit is required for a major ops inspite of medical insurance. This was what NUH expected from Rebecca Lim Ching Ling as she recounted her shocking experience in the ST forum. She was told by the staff bluntly that 'many people will tell me the same thing, and if they cannot pay, we make a loss.' The staff is right. NUH is not a charity but a business concern and they cannot make losing money decision. After making many frantic calls, Rebecca managed to get her deposit reduced to a smaller amount. How many people, ordinary beans, can afford to cough out $20k cash as deposit? How many people are resourceful enough and educated enough to make all the necessary phone calls to get the deposit reduced? It pays to be cash rich or educated. If not, just too bad. And you cannot blame the hospital or system. You want quality service, you pay the price. No one will be denied medical treatment. No conditions attached.

notable quotes from NKF Eunice Tay

'We cannot afford to let these people squander public money and rob the poor of their rightful subsidies.' NKF CEO Eunice Tay NKF is facing the problem of $1.8 million of unpaid fees by its 393 patients. One owes as much as $29k. Now this is serious and the New NKF is taking this very seriously. They have sought all ways to get the defaulters pay their debt and 'if they still refuse to pay, they will have to seek dialysis elsewhere.' Now this is the kind of tough business decision the NKF has to take. Owe money pay money. NKF is not a charity or is it, that can give free treatment and the patients refused to pay. They pay or go elsewhere for treatment. Tough decision for a tough problem. Shall this be a business decision or a human decision? Shall this be a political decision or a charitable decision? The patients do not go to NKF for a glass of wine or fine dining. It is a matter of life and death. Those who could pay will have to pay. Those who can't cannot go elsewhere as they still have to pay or they die. Period. No man shall be deprived of medical treatment because he cannot afford to pay. This must be in the manifesto of any political party.

Political party manifesto 4

I used to think that the people that form the lowest strata of our society and struggling to live a decent life may be just about 10%. With the shrinking dollar and a higher cost of living, this group could be much bigger. Any family of 4, with two school going children and has a household income of less than $3k a month is tough. And any family with 4 or 5 kids will need at least a $4k income to get by. For living decently in this island, we shouldn't be talking about subsistence level living or we might as well use the poverty stricken Africans as our yardstick, a $3k to $4k family income is barely enough. And if prices are going up, as they are expected here, surely, every year, the income will get smaller and smaller. Another way to look at it, for some individuals, is to say, forget about these people. They buck up and work harder or they live as they are. But political parties have to adopt a different stand from private individual views. They are to work for the people, all the people, at least that must be their declared objective. This must be clearly defined in their manifesto and supported by their actions. If they can't make it materialised, at least they must be seen to be pushing for it. There are at least 50 to 60% of the voters that will buy such an idea.

The unabashedly pro govt press.

P N Balji, Editorial Director of mediacorp, confirmed the unabashedly pro govt media stance and does not apologise about it. And the main reasons, other than a string of others that he gave, is money. Money is everything. And he quoted LKY saying, 'Once you have growth, all the problems can be managed.' Quite true. All money related problems can be solved with money, especially greed. The problem is whether money is used to solve the problems or whether the problems can be solved by money. What is scary is that money can buy everything, even the way media reports and its contents, especially the unabashedly pro govt one. What happens if money runs out? In the longer run, when all Singaporeans are driven by money, this drive for money will turn them against the interest of Singaporeans. That is for sure when all they think of is money for themselves and nothing else. Does it make any difference where the money comes from? Could foreign agencies provide the money for news that are favourable to them and get the msm to print it? Good luck Singapore. The other part of Balji's comment is the drying up of ideas in the msm to captivate the interest of its readers. With a press that is so predictable, focussing on reporting pro govt news, which may not necessarily be bad, what else is there to interest the readers. Where are the alternative views to generate discussions and thinking? Have no fear. The role of the msm is now confined to one of reporting facts and events. The role of providing commentary, interesting commentaries, opposing views, alternative views, lays squarely on the lap of cyberspace. The blogs and internet forums are the new sources of views on events and issues. Thank you msm for relinquishing your role and concentrate on what you now do best, factual reporting without views or commentaries.

The right to die

Visited a nursing home or a hospice? I assure you that it is not a pretty sight. My respect for all the care givers in the homes, paid or volunteered. Many of the inmates are no longer able to look after themselves. Can't see, can't hear, can't move, can't talk and can't think. And everything must be done for them. Is it a good thing to keep them living in those conditions? Are they living and enjoying life, or are they serving penance for a life not worth living? Many kind hearted souls will swear and fight tooth and nail to keep them alive and going. Life is precious. Anyone with a different view? We are not meant to live forever in this physical form. We come and we go. Different religions and races have their theories and teachings on what come next. Some may believe that this is their one and only existence. Some believe that there is life after death. Some believe that one's spirit lives on forever. The question is whether people should be preserved to live with such indignity, in such a pathetic condition, and celebrated as living. Living life must be living life, not suffering life, immobilised in bed. A lot of education needs to be done to prepare people to live and die gracefully and respectfully. People must not be imprisoned in their dysfunctional bodies in this world one day longer that they have to be. They must be set free to roam the universe, to carry on living as a free spirit. We have the right to live and also the right to die, in dignity. A lot of work must be done in this neglected area that has been left to chance and the opportunitists. We need some of our best talents to be trained in this field and to enlighten the ignorant masses on what life and living is all about and remove the fear of dying. Dying is the last act of grace. A beautiful moment to a new life. Dying is to live again. PS. Exclude the violent and unnatural deaths for they are not meant to die through natural wear and tear.

celebrating singaporean - Glen knight

This man had done wrong, punished, paid his price and live life again peacefully. He has come to terms with his past and taken them in his stride. He is like a buddhist who has found the meaning of letting go. He retreated from life in the fast lane and lives simply on the peripheral of civilisation, doing his things quietly and contemplating on nothing. The man has returned with the youthful enthusiasm to live life again at 62. You can see that he is happy and has no signs of lingering anger or unforgiveness. This is a reformed man, a born again man. Fallen, picked himself up and walks again. Singaporeans have a lot to learn from this man on the lessons of life and humility, and to regain self respect in the face of adversity.

Be mindful

I am not going into a discourse on Buddhism. Political leaders too need to be mindful of the life they want for the people and how the country should move forward. There is this opposing pull of forces to run the full capitalist way and the softer socialist way. The former will let things run their full course, where human nature and the law of the fittest survives will not be restrained. The latter, a more humane look at the inequalities of people and their social makeup that make them less able to pursue their dreams. Criticism of this path is that people are lazy and deserved to be in the doldrums. There will be such people, no doubt about it. Taking the capitalist road, a lot of wealth will be generated and a lot of rich people will be made. At the same time a lot of people will get poorer and less able to get by. In the long run, the pool of the very rich will shrink as they are supreme in their abilities to accumulate wealth at the expense of their less able countrymen. The system will breakdown unnaturally and there will be a new beginning. The role of the govt, with all the powers vested in their hands, has the privilege of being god, to allocate resources and wealth to the people. It has to be mindful where the wealth and resources are going and whether that is the best direction to take. For the last few years, we are seeing this relentless pursuit of money within the govt and outside the govt. The private sector, with money as their only motive while obligation to nation and society as incidental or not in their mindset, will push for the highest return they can get, at all cost. They will maximise profits for short term benefits and ruin the country in the long run. The future of the country is not their concern. Instant gratification, money is. We are seeing cost increases in properties, rentals, services and goods and salaries going only in one direction as if it is the law of gravity, that cost can only go up. The consumers will eventually bear the brunt of everything until they can bear no longer. Forget about the top 20% when their income will always outrun the rising cost and will not matter to them. There must be a price to all these. When will it stretch to a point where it snaps? It is dangerous to slow down growth by shackling the enterpreneurial drive of the able. They must be allowed to push to the limits of efficiency and returns. They are the growth drivers. What can the govt do to keep the less able part of the population more wealthy without increasing their income and pushing up cost? This is the other danger of losing our competitiveness. Rising cost will drive us out of business. Stretch their dollar! The people can live better and feel richer if the cost of 'their' living can be restrained and keep low. Housing, transportation, medical, education, food and essential services can be kept low to increase the value of every dollar these people. This will create a 'controlled economy' at the lower end when govt intervention is necessary to make life more manageable and without pushing up cost to an unbearable state. There can be two economies existing side by side, like two systems, one country. The full force of capitalism and free enterprise shall be allowed to run their 'full' steam in one economy and a managed one for the people who are mostly not so talented but needed to form the base of a thriving nation. This makes the human world different from the animal kingdom. It is the animal farm but subject to how the animals want it to be. This is the mindful part.

How open are we?

Skimming through the few pages of the Goh Keng Swee book by Tan Siok Sun in the papers, it is clear that Keng Swee left politics because of a new love and not too because of his health. In 1982, or even now, we are still a society of monks and priests. A second love life is uncomfortable and could become an embarrassment and the topic of gossips. So it was better to stay away from politics. And Singapore lost one of it brightest leaders because of our high moral standard of social norms. A few days back it was reported that Hilary Clinton was taking out her big gun in her presidential campaign. And that big gun was non other than the charismatic Bill Clinton. Clinton was still as popular as before with or without Lewinsky. The Americans have adored him for what he is and forgiven him for his little indiscretion. And he is still being invited to talk about his exploits in the White House and being paid big money for it. Are we that pragmatic as a people compare to the Americans 'can do' attitude towards life? Or are we just some uptight society that taking a second glance at a pretty face is scorned upon? Or are we just a hypocritical society that claims to be whiter than white and any little speck of dust marks the ruin of a man no matter how talented he is? America is a big country with a big heart for forgiveness. And they are not so uptight about the private lives of their people and leaders. They love them the way they are with all their warts and scars. George Bush is the best living example of how the Americans have accepted him as their president and all his boobs and slips. He is after all a man, and not god.

Sonthi's game of deception

The Bangkok Post had an article pointing to the misleading information and statements made by Sonthi and questioned if this man can be trusted. It reported that just one week prior to the coup he publicly denied that he was going to attempt a coup. And he did. And now he admitted that his charges against Singapore for spying was such for public consumption and was not true. The question now is how long can he get away from deceiving the Thai public? He is now in power and no one can touch him. When his grip on power slips away, how would the new man in power deal with him? Or how would the Thai people deal with him? Would they begin to have doubts about the NSC's charges against Thaksin given such a record? His downfall and disgrace are quite certain unless the Thais are willing to forgive him.

higher cost? have no fear

'Costs are always important but we are not going to allow costs to prevent us from growing. You do want the standard of living of Singaporeans to go up and a higher stand of living means more income in real terms.' Goh Chok Tong Recently we are seeing all kinds of increases, the euphoria of property prices and the jubilant cheers of property developers and beneficiaries of en bloc sales. We also hear some grumblings from the foreign business communities and the lower grade foreign talents that it is no longer feasible to work here and have their families with them. Can the rentals of office spaces and shop spaces continue to go on without somebody paying for the increases? High costs mean higher standard of living provided the income is growing as fast or faster. How many Singaporean's real incomes are growing? The 2% GST increases means that income has gone down by 2%. Period. The rebate is only a short term stop gap measure. And if the goods and service providers just add up their costs and transfer to the consumers, as many have seen recently, the increase in prices are more than 2%. Effectively cost of living is up and real income down. Then the surge in property prices that will filter down to the heartlanders. Real income must come down when buying a flat is now that much more. The en bloc hordes with their overflowing cash windfall can only benefit one time by downgrading. Unless the en bloc phenomenon can go on and on. But that does not change the fact that many first time flat buyers are going to pay more for their new flats. And if their incomes do not run away as fast as the prices, they are going to face the squeeze. We believe that our standard of living can go on the upward climb despite the high costs. Maybe the top 20% could do so. Do we believe that the general masses are that much smarter, productive and efficient that they deserve that much more for their effort and services than people around us? Many in India and China have proven that they could do as much and as good as us for lesser. The competition from these seas of humanities will not allow our workers' salaries to go on rising in line with the rising costs. I wish that I am wrong, that this island is really a pool of talented people that can command exceptionally higher remunerations for the quality of their work vis a vis the Asian giants. And we can continue to push up our cost and standard of living at will.

A biography of Goh Keng Swee

Before it is out controversy has already started. The wife does not want it published, claiming that it did not have his consent and thus disrespectful. The daughter in law claimed that Keng Swee did not object to it. Under normal circumstances, a book on the life of our pioneering leaders should be welcomed to shed light on the making of a giant and his contributions to the making of Singapore. It is part of Singapore's history and should belong to the people. Why would the wife want to distant herself and Keng Swee from the book? Are there unpleasant things that should not be there and it is better to say it out front first? Or is it the wish of Keng Swee that he does not want it to be seen as an ego trip while he is still alive? Definitely it is not a publicity stunt like another Harry Potter's magical book. All of Harry's books came out with a big bang and were instantly snapped up. Would Keng Swee's book be in the top sellers list? Or like he said, who would want to read about him? Let the people decide.

The power of feedback

Not the official kind where someone designated a box called 'Feedback' and expect people to throw their little slips of paper in and they vet whichever they wish to reply. That is the cheap kind of feedback, the sanitised version of feedback. The real and more powerful feedback comes from the spontaneous response of the people. The outcry that is heard. We have seen many, mostly through cyberspace recently. And we have seen the results without having to claim that it is effective. But there is a more powerful feedback that is in action. The silent feedback. This is a feedback where all those who knows, who matters, just keep quite and smile as if nothing happens. And the less they talk about an issue, knowing that the issue is so obviously foul, the more powerful it is. It is a kind of non communicated cynicism and waiting to blow up. And you can feel it, just like the force. It is not seen, not heard, but it is there.

Media's distorted truth

Fred Hilmer, the Vice Chancellor of the fallen UNSW(Singapore) has sung a different tune in 'The Australian.' And the fault, according to him, is EDB. He has his plans to continue with the Singapore campus, expecting EDB to foot his bill. And it was EDB's fault for the failure by not giving in to his terms. The right to make such statements in a press and be read, and if the other party is not given the same airing to tell the other side of the story, the one who is given space to print, will come out right. This is the distorted truth of main stream media. They take sides and present the side they wish to present. That is as professional or unprofessional as far as main stream media can be. EDB has now come out with a strongly worded reply in our local papers to explain its position. I wonder whether EDB's reply will be published in The Australian. Otherwise it is a purely waste of time as the target audience who read The Australian will still believe what Hilmer said without preview to the EDB side of the story. Or it is just for Singaporean consumption. Whoever controls the media controls the view of its readers.

A Declaration of War

It has begun. Ayman Al Zawahir, the number 2 man of Al Qaeda has order the 'Islamic fighters to strike Western interests worldwide and for regime change in Egypt and Saudi Arabia.' Al Qaeda is also talking about regime change. It is a struggle against corrupt regimes aiming at the interests of Crusaders and Jews. It is a war between Islam and Christians and Jews. "All those who have attacked the (Islamic) nation must pay the price, in our countries and theirs, in Iraq, Afghanistan, in Palestine and in Somalia, but above all where one can strike a blow against their interests,' he said. This is a very serious threat and all countries will have to take it seriously and beef up their securities. It is a cakewalk of a different kind. Expect more hits around the world. This could be the world war 3 that the world has been awaiting.

It is all Singapore's fault!

Juwono blamed Singapore for not having any intention to sign the DCA And Extradition Treaty. He claimed that Singapore intentionally made it difficult by insisting on having more days for military training just to make sure that the two treaties will not be signed. Now I understand why the Indonesians have no faith in the intelligence of their political leaders. They did not even know what they were signing and needed their Parliamentarians to show how stupid they were. And when proven so, they blamed the Singaporeans for conning them. One up for Singapore negotiators for being able to con simple minded negotiators from Indonesia.

What is happening?

The URA is urging the public to take media reports of rising office rentals with a pinch of salt. '...the public should take into consideration information on future supply of office space.' Now, does it mean that the media is not telling the public the full story? How can? How can? And the media is being accused of fanning the flames of high property prices. Now that cannot be. That will be irresponsible! The URA is worried about all the fanning and will give the public a 'more balanced perspective' by releasing more detailed data on office space vacancies and rentals. 'The media has played its role in increasing the profile of the property market, increasing the speed of the property sector,' said Mr Vasu Menon, chief editor of finatiQ.com. 'The public will worry about these media reports. People could get scared, thinking that they missed the boat,' said Menon. Wow, whacking of the media for not reporting accurately and misleading the public. What happens to all the professionalism?

NKF Story - Return of the Chairman

Richard Yong and his wife will be back after holidaying in Hongkong. He will soon be reunited with his right hand man in Changi. Maybe a new venture will be conceived given their enterpreneurial skills. Charity or Fashion Shows in aid of prisoners will be an innovative idea.

The nightmare that is coming

Another 10 or 20 years, many more Singaporeans will be in their 70s and 80s and 90s and still alive. All rich and happy with plenty of money in their CPF accounts. And thanks to the advancement of medical science, they will live to a ripe old age. Some may make do with a walking stick, some with a motorised wheelchair. Slow and a little feeble, life goes on. And in their midst, young, strong and sturdy foreign workers abound and plentiful. It is so tempting to take from the helpless and physically weak uncles and aunties. It is so easy. Will we see an increase in old uncles and aunties being robbed in broad daylight? Will old uncles and aunties fear living their homes? Will this nightmare visit us?

When cops doctored evidence

Lance Corporal Rohaniza, a key witness to the murder case of the Mongolian Altantuya Shaariibuu said that the police doctored her evidence. What she said was not what the police recorded and she was under harassment and pressure from the police who wanted to record what they want. This is a clear case of blind loyalty, where justice, right and wrong were sold away to protect people in high offices. When civil servants refused to think about justice, when they blindly accepted orders, the country will go to the dogs. How is it that civil servants can be so corrupted or feared power to become accomplices of crime against fellow citizens? Do they have any conscience or they can be easily bought?

political justice

Thaksin was ousted from power as the Prime Minister of Thailand. And what followed is a list of charges of corruption and misdeeds. His properties confiscated and his family members, practically everyone of them, is facing criminal charges or hefty fines. And there is a warrant out to arrest him and to extradite him from England. All these seem so right to the power of the day. No one questions the truth or validity of all the charges. It is political justice. George Bush commutes the jail terms of his former aide, Lewis Scooter Libby, after the latter had been charged and convicted in a court of law. Whether he is a friend, or a former aide, is not in question. He uses his power as the President to do what he thinks is just to him and his friend. Another kind of political justice.

Not in Our Name

This is the title of an artile by Asim Siddiqui in the Today paper. He challenges the Muslim intellectuals to take on the extremists who have hijacked Islam for their terrorist acts. He is against the Muslim extremists for using the western foreign policy of aggression against the Muslims as an excuse to wage a war of terrorism against the West. I fully agree with him that acts of terrorism, or as the West legitimised it by calling them acts of war, are unacceptable, immoral, and a primitive way of settling conflicts and disagreements. The Muslims should find a better way to tackle the West so that they will be treated better and as an equal to other human beings with a right to determine their way of life. But short of having the biggest gun and the biggest bomb, a language that the West understand, there is really nothing else they can do unless the West voluntarily gives up war as another way of bullying the rest of the world. But I find it hyprocritical in Asim's defence of England as a target of Muslim terrorism. He said that compared to the US, the UK has very few troops in Iraq. And the level of British troops in Iraq will get lesser and eventually no British troops will be there. So Britain should not be attacked. This kind of logic is the logic of the bully, where might is right. The British can go to Iraq and burn down the place. That is acceptable. And once they vacated Iraq, all must be forgotten. The British soldiers are no longer there. So leave Britain alone. What rubbish! If this kind of logic is what the world should live by, all the criminals should be spared. They have left the scene of their crimes. The British and the West must realised that if they start a fire, they must be prepared to be burnt. There is no escape.

Political Party Manifesto 3

The paternalistic policies of the PAP is from hole to hole, from cradle to grave. It is their policy, though not officially put, to manage the life of the people from the day they pop out from the hole till the day they drop into a hole. That is what the CPF is all about. What is the stand of the other political party on this? Do they also agree on this policy, that should they come to power, they will also manage the people's life in the same way? Or would they plan it differently? Under the present scheme, it requires a lot of savings from the people to provide for a flat, hospitalisation and retirement, excluding other uses that the CPF money can be released. On a broad brush basis, everyone would need $600k(for a 4/5 rm flat paying instalment over 25 years) plus $30k for Medisave and another $120k for retirement. These works out to $750k or $25k a year over 30 years, or approx $2k savings a month. Anyone with less than this amount will have nothing to take out at 55 if this withdrawal age is maintained. The first time they will get their monthly stipends will be 62 or 65 or 70 or whatever. It would be good for the other political parties to get feedback from the people, get in touch with the people and ask the people what they really want from them. This genuine connect with the people is essential as we enter another phase of our development when the people got sick of being treated like handicaps and never ever grown up children. The forever young policy will soon be a pain in the arse and it is a matter of time when people will insist that it be thrown out.

Different kinds of equality

In communist country, all men are technically equal. So all gets about the same pay. And this is bad as the talented or more hardworking type will not want to work as they will be working like a fool and earn the same as those who refused to work. In our case, everyone is equal in paying GST. All pays 7%. The rich may pay more by their higher consumption. And they are happy as it is a matter of choice and lifestyle. The poor, who are unable to make ends meet, also have to pay the same rate. Just too bad. Everyone is equal and treated equally.

Please return my money

This is about as far as what was suggested. Singaporeans should go down on their knees to beg the govt to return them their CPF savings. Have mercy, many have not seen anything more than $10k in their life and now that they have some money in their CPF, please return to them. Let them touch the thick wad of notes or feel the 5 digit number in their POSB passbook for once in their life time for they may not see tomorrow. How long must the govt continue to father the never to grow up children? Or will the govt only let go when they are about to die?

The New Undeclared War

The war that is starting in England is a new kind of war. It is undeclared war, fought in undefined territory by undefined enemy using undefined methodology and weapons. It is sporadic and erratic. And this war makes the soldiers obsolete. It is a war being fought by the police against an enemy hidden among its people. It is a war where the targets are the people and not the soldiers. It is a war when the police find themselves fighting and not patrolling the streets to guard against petty crimes. The world should brace up to this new warfare, the newborn child of the Iraqi war.

Good news, property prices up

There must be a lot of cheering and happiness going around for all the property owners, including HDB flat owners. Then there are cries from analysts and property trading firms that the red light is on. It is alarming that the price is running to the pre crisis level of 1996. They are calling for the govt to take appropriate measures to curb the exuberance. When the crisis hit in the late 1990s, harsh measures were taken to curb property speculations. So far nothing much was done except some cautionary words. Maybe we need the bubble to burst before something harsh will be introduced. In the meantime all the rich property owners are laughing to the bank. Their money and assets growing in leaps and bounds. For those who are genuinely looking for a home, sorry mate, your money value has just gone down by 7.9% if you are looking at the private property market and 2.9% in HDB resale market. Yes, your money is getting smaller. Not forgetting that practically everything is going up. Are the people really benefitting from all these price hikes and property boom? Some obviously are. The en bloc owners will be very happy too. Who is the last to laugh?

Political Party Manifesto 2

What should be the priorities of political parties? The current ruling party's main priority is economic development and growing the pie. There are progress in many areas. Many people are getting very rich. But many people may not feel that way. Many are expected to continue to work and work and never ever think of retirement. There should be a relook at the priorities of govt. The people and their lives, their well beings must be the first priorities. Not the obsession with accumulation of money. The top 20 percent are quite happy with what they are. But the 80%, the sloggers, horses and the cows, whose lives have become one of non stop working and with no security in old age. Everyone will get poorer by the day. Forget about the money in the CPF. Those money will never be enough. Forget about falling sick and getting hospitalised. That will be the end of whatever savings one have. What happened to the long term planning of the people's life? The planning from cradle to grave does not seem to be right. Compare to the older days, just 20 or 30 years ago, many did retired and managed to survive quite well. Why is it that people are now expecting to have more than $120k in their savings and still not enough? Still living in fear? Would any political party be able to come out with another super plan from cradle to grave that is not so precarious? What has gone wrong? Why is it that the people must be made to put aside more and more money and still not enough?

Brazen challenge on modesty

Below is a post submitted by a forumer. On Saturday 30 JUN 2007 @ about 1045 am, i met my client a SIN PR @ East Coast hawker centre. My client chose a seat (4person away from a Singaporean man) on same long bench. After buying coffee, i joined my client on the table. That man turned towards my client and said somewhat in this manner " Excuse, my wife is coming back here, can you put your legs down...it is not nice." My client was in his shorts & running shoes and i noted he was cross-legged while seated opposite me. My client was shocked and so was i. My client muttered, "there is nothing indecent here .." I added to the man " there is nothing indecent here.. you are acting out of jurisdiction..." My client insisted i carry on our conversation on the property and not to be distracted. In fact, i wanted to address the man again, but my client said to ignore him, which i did as we had important issues to talk about the property. The man man drove off first while me & my client continued our discussion in the car-park. The crux of issues was,... i do not think my client was acting indecently by crossing his leg which is very common. Besides it was a hawker centre not an air-con restaurant. Besides it is Saturday, it is encouraged that we do sports and take regular exercises. Neither was my client out of syn in his choice of running short. It was a decent running short. Why did the Man acted in this manner shocked me till today.. I personally do not think we had escalated matters here but think there was a serious breach of individual freedom & ways which makes SIN an attractive place to do business and deemed us an international cosmoplitian society. This incidence showed a) imposing one's standard of dressing on another using decency issues to intimidate. Using a "so-called" sikit atas attitute to impose, frustrate and cause maximun anger. b) Using the "wife" as the sufficiency of reason or to act as the actual barometer to issue a compliance to a fellow SIN resident. Is the wife the moderator of LAW & Compliance? Is the wife a walking judge issuing out arbitrary judgement based on his/her feelings of the day? Going around ticking people off for their behaviour based on his/her judgement... c) my client is small built but he was decently dressed except in his running shorts.He is well travelled and had lived in many bigger cities elsewhere. He is a banker not a Ah Beng. d) a form of extremism using method of intimidation through asking for compliance over a matter which possibly could cause conflict and to put challenge to the concept of racial harmony and/or written rule of Laws. . Using a upper crust scholarly attitute imposing one's standard using "decency" as a cover to disrupt harmony, rub society,imposing on one's civil liberty rights; as an excuse for rights of engagement ; this causing fractionalism & subtle anger to built up to disrupt another person's way of life. I hope SIN will not head down this road where individual rule the street using subtle methods of intimidation, imposing on other civil liberty rights and./or imposing on others their arbitary judgement. The above post describes a normal outing that could turn ugly when another person starts to impose his values and conduct or morality on others. What is unacceptable to him may not be acceptable to others. The danger is that it is very provocative and could start an argument or fight that could turn ugly. Every community and religious organisations should take it upon themselves to teach and educate their people to accept that in a multi racial society we must accept that other people are different and have different values and way of life. Modesty, morality, decency should be confined to one's own group and not imposed onto others. Obvious obscenity in the public is of course not acceptable. I would like to goreng that man's pisang. Tolerance man!

Too much caring

Anyone who is working, irrespective of his age or income or wealth, must contribute to Medisave and CPF. This is good for them. For by the time they reach the elusive withdrawal age, not likely to be a fixed number, they can withdraw a few hundred dollars a month from their CPF to pass the day. And very wealthy people like our millionaire bankers, property owners, ministers etc will benefit from this withdrawal, to keep them going on their retirement. How nice. I am sure people like Ong Beng Seng and Wee Cho Yaw or Quek Leng Beng or Ng Teng Fong would be very grateful. Their retirement pocket money is well conceived and protected. They will not run out of money. Straight jacket?

Political Party Manifesto

We are seeing new parties being formed. And every party has its new aspirations and aspirants to serve the people and country in their chosen way. Everyone will swear that whatever they are doing, it is always for the good of the people and country. But often the people do not believe. The people are seeing political parties existing for their own sake, for the politician's self interest. Am I right to make this generalisation? Definitely not all will agree to my observations. Some will die worshipping their chosen party and only see goodness in them. This can be see from their unstinging support for their parties in the msm and in cyberspace. Some even make it their personal quests to defend those positions and parties. What would be the expectations of the people of the politicians and political parties? The party must be for the people first and nation second, party third and politicians last. The nation is there for the people and not people for the nation. And definitely not people for a political party. Politics must be for the good of the people. A nation or country is just a non living entity, a concept that has no life. What is the point of a Singapore that is all dressed up to the finest, but the people struggling to keep up with the high cost of living? The wealth created by the nation, the taxes collected, revenue generated, must go to the people, their stomach, their health and their brainware. No need to build disneylands. Those are fantasies. But good if we can afford it without compromising on the well being of the people. The cumulation of wealth cannot be the end all of the govt. The wealth must be ploughed back to the people, for the people to live a better quality of life at an affordable cost. There must be a compromise between money for beautiful and wonderful infrastructure and money for living. Is the working of people to their death beds a people's choice, the way to live life? Is the savings for retirement just to eat 3 miserable meals and constantly fearing that a major sickness will turn one into poverty as compare to savings to see the world during the sunset years? Retirement has taken on a new meaning. There is so much fear of affordability of healthcare. So is saving that is never going to be enough. Golden years too have taken on a new meaning. More specifically, no more golden years. For all the savings will never be enough except for the few very rich.

When Means Testing is introduced

Looking at the general comments being made, when means testing is introduced officially, many Singaporeans will definitely not qualified. Only one specific group of patients would qualify, the foreign workers. But that should be the case as all Singaporeans are rich enough to pay more for better wards. Leave the Class C wards for the poor foreigners.

Wheelchairs and walking sticks

In the not too distant future these will be the prized items and gifts in the shopping centres. And Singaporeans' life will be organised around these precious items. In shopping complexes, workplace and residential neighbourhoods, instead of bicycle parks, there will be parks for wheelchairs and little slots in the ground for walking sticks. As the generation of the seniors increases in numbers and found everywhere, their needs will have to be catered for. Food courts will come without chairs and the customers will bring their own chairs. Walking sticks will be like tobacco pipes, aesthetically carved and designed, some high tech, to keep the dogs and molestors away. Some will have built in detectors, music, GPS, lost and found message and all the particulars of the owner. And wheelchairs will replace cars up to a point. It will become a mode of transportation for short distances, with remote control from the home. One good thing, no need to worry about speed limits. And a new COE will be issued to those who can afford to live longer than 70. They will be means tested to see if they have sufficient funds to keep themselves alive without public assistance. If they can, they will simply expire.

Who is more lusty and alluring?

Another get it all wrong concept. The hot and sexy debate of giving free drinks to women is getting all the wrong reasons and explanations. Should the issue be the number 35? Many will be turned off by the the young sluts that look anything but a lady. And many ladies well past to the wrong side of 40 are simply gorgeous and will turn every head. Fantastic as a prize catch for the night. Now, what's the problem? The reason for giving free drinks is to attract all the sexy women who in turn will attract all the sexy men to spend their money in the pub. All the kids in the management of the pubs should wake up to their ideas and look at the issue clearly. What they need is not ladies night but Come and Get Me Night. Women who are dressed to kill and give the inviting look should be allowed to get their free drinks despite their age. The gate keepers should be briefed to open the gate when they see one that is worthy of the come get me look. Better still, call it the Slut Night. Be proud to be a slut and be rewarded with free drinks. That is the crux of the issue man, not age.

Playing fiddle to the ox

The Chinese has this ancient phrase from the sages, playing a fiddle to an ox. What it means is simply that the ox cannot understand or appreciate the finese of music. LKY was interviewed by Berita Harian on the IDR issue. And again he took pains to explain how Singapore support the IDR on a win win basis. How could he expect the tribal chiefs to understand and appreciate such a win win approach when both parties would benefit from the cooperation? The moment they hear the word 'win' for Singapore they will go hysterical, deranged. How can Singapore win from this? Singapore is going to win more from this. Malaysia will win less, will be taken advantaged of. We cannot let Singapore win. It is a wrong approach, a wrong strategy to use the win win approach. They will not want to hear such an explanation. If Singapore is to be accepted in any deals or agreements, it is of utmost importance for Singapore to explain that it is a win lose agreement. Malaysia will win and Singapore will lose. Then go ahead and tell them how much Singapore will lose and how much Malaysia will gain. Only then will they be comfortable with the deal. And the onus is on Singapore to list out all the disadvantages and losses that it will have to face up with. They would not be able to think or see it for themselves. Let's negotiate and work on a win lose basis.

Memories of a property bust

It wasn't too long ago when property prices were driven sky high and let to a financial crisis. Then punitive measures were taken to curb the incessant demand and price increases. It was just a bad dream. Don't bother with it. Now all efforts are channelled to build hi end world best properties and at ethereal prices. Obviously many Singaporeans are not going to be beneficiaries to such exuberant enthusiasm. Several million dollars price tag are beyond the means of many Singaporeans. It is only for them to ogle. Then build all these high end properties for who, for what? Is this the best way to use our scarce land resources? And the profits from such sales and developments, for who?

CPF - A bugging feeling

Cpf is the people's life saving for their retirement. By the ever increasing withdrawal age, it appears to be an elusive dream. Just when one is about to touch it, it slips away again. The apparent slipping away act has led to many wild speculations that there is not enough money in the CPF. But the official position is to keep it a little longer for the people's own good. Hold it back a few more years, and the money will grow a bit more. It is such a nice feeling to know that one will have a big sum of money in the CPF at 90 if the withdrawal age ever reaches that number. For as long as the purpose of keeping the money for old age is still tossed around as the reason, it may still be tolerable to some. What if the retention of CPF is to allow the funds to be used in some mavericks' investment schemes? There is this bugging feeling that the CPF is a cheap source of fund for investment. And the longer it is retained, more funds will be available to do a lot of things. Th0ugh this may not be the case, people's imagination simply run wild. What would be most undesirable will be for people to incorporate CPF's savings into their financial planning. This will be contrary to what the CPF is all about. Investing CPF money should be a secondary objective, a kind of a need to grow the money since it is there. Not to make the funds available and withholding it from the people. Now why would people think that this may be the case?

Press must not forget freedom and democracy

Anwar is of the view that though socio and economic developments are important, an equally important aspect is the promotion of freedom and democracy. What is the point of having social and economic growth when freedom and democracy are stifled or strangled? Does the press think that social and economic growth are good enough and they can rest on their laurel as long as the people are fed and clothed? When the people are hungry, such needs are important. But after these are looked after, shouldn't the press move forward to a higher goal? Andrew Taussig, a trustee at the UK's International Institute of Communications, commented that 'It would be rashed to assume that there is a co relation between the two (press freedom and economic development).' The Singapore Media thinks that they are contributors of the economic development of Singapore by following the rules of the law of the country.

International surveys - the Bull and the Shit

Washington: Public attitudes towards China are turning more negative in the United States, Europe and elsewhere amid unease about its economic and military power, an international survey suggests. Bush was ranked more popular to Ahmadinejad and Hu Jintao. Islamabad: Public attitudes towards the US and Europe are turning hostile in the Middle East and Africa over its wars and dominations over the Middle Eastern and African nations. Bush was ranked as the Number One Enemy of the Arab Nations and Ahmadinejad its Number One Hero. Hu Jintao and Putin were ranked as the friends of the Free World. The US image continues to take a beating in many parts of the world, according to an anuthorititative poll, the Pew Global Attitudes Project....Global distrust of American leadership is reflected in increasing disapproval of the conrnerstones of US foreign policy. Which survey is more shitty?

2 more CDBs

Is this good news or bad news? From the point of generating income, it is good news. The designation of CDBs means charges for parking and car entry into the CBDs should go up. The prices of properties and rentals should also go up. So prices would generally go up. The economy will get a boost. Net effect, many people and organisations would be well positioned to reap a windfall. For the workers, there will be savings for transportations and travelling time, that is if they can relocate or find jobs nearer home.

Locals Not Welcome

From ST: June 28, 2007 Is it the colonial mentality or just plain rudeness? I WAS waiting to go into the fitting room at Zara Marina Square on June 22 during lunchtime. A Caucasian lady emerged from one of the fitting rooms with an armful of clothes, none of which she wanted to buy. As the Zara salesgirl took them from the Caucasian lady, she was all smiles and politeness. The salesgirl thanked the lady brightly and wished her a good day. I was next up. Immediately the smile vanished. As she took the one piece of clothing I was holding to remove the hanger, she looked almost annoyed with me for taking up her time. Her face was 'black'. I wouldn't have felt it if she had not treated the person immediately before me so well. Is it because that lady was Caucasian? Zara's clothes are nice, but the service is nowhere close. Veronica Chan Miao Hua I chance to see this letter. Some may feel irated by the behavior of the salesgirl. I suggest that since we are so cosmopolitan and encouraging more foreigners to be here, we should take such an attitude in our stride. Perhaps for shops that would like to cater for foreigners only, they should hang out a sign on their shop windows, 'Locals Not Welcome' or 'Expats Are Welcome'. That would make it very clear to the locals and the locals can avoid them and not become an irritant in the shop.

How awfully wrong

'Even if the man spent only $1000 a month, he would need $240,000 over the next 20 years. And that is before medical expenses are factored in. Would that be enough?' Lim Boon Heng How awfully wrong is the number. Even without taking medical expenses into consideration, he would need at least $480,000, taking into account inflation and the diminishing value of the dollar. The minimum sum, to be adequate, must be raised continuously to $1 million at least. The people must be educated and be prepared for this.

corporate governance and guardians

The issue of corporate governance is getting more attention. One principle that must not be violated, and for corporate governance to be effective, is that one cannot allowed the potential thieves to appoint his accomplices to guard the vault. Any system that allows this is flaw. Another principle is to have people who have a vested interest in the money in the safe to be the watchdog instead of people who are making a living as guards. Guards or guardians too may help themselves when the alternative is more attractive. You can always bribe the guards or guardians.

Zage versus Rasif - what's the message

From the trend of the questioning by Hri Kumar, the Zages should bear part of the blame for trusting Rasif and not taking reasonable precautions to safeguard their money. Though Mrs Zage was not called stupid, she broke down after being asked if it was wise of her to leave her money in trust for a property deal. The moral of the story is 'don't be too trusting with your money to anyone, even an organisation.' And remember what Gerard Ee said? Someone may just helped himself to the money. And this is exactly what happened. And recently we have seen so many cases of such nature. I want my money in my own pocket where I have full control over it. Do not trust anyone with your money. Not even god. The other point arising from this case is related to the Singapore Brand. People have so much faith in our system that they will sign away a $10 million dollar cheque. Would one do it in countries that one have doubts about the system? But if it goes on like this, soon this Brand will become No Brand. Once we lose it, once we lose the trust, it is gone. There is nothing wrong with the practice of depositing cheques in clients' accounts. It is a common practice in the finance industry. Only the safeguards appear to be in question. Are there loopholes? Or is it a case of fraud when parties are involved in facilitating the fraud? Again, don't trust your money in anyone.

NKF story - Efficiency in law enforcement

Am I proud of our system? The latest I heard in the news is that Durai will face another charge for paying $5000 to a non existing company to recruit a senior manager. It is clear that no stone is left unturned in the investigation. After the first charge of a $20,000 cheque, now another charge of a $5,000 payment. Will more be revealed in due course and bigger amounts appeared in the picture. Or is this the trend? $20,000, $5,000, $500....

There was a time, when...

It was just 40 or 50 years ago. Not that long. But many of you may not be born yet. It was a time when the people in this island were mere travellers, merchants, passersby etc. Even the natives were not more than part of the flora and fauna of the landscape. There was no such things as citizenship of the island. We were called subjects as in the English grammar. A sentence must have an object and a subject. That was what was written in my birth certificate. A subject, without the rights that come with a citizenship. And the island was run, managed and control by expats, just like a hotel. yes, we were a hotel at one time. And our forefathers' lives were dictated by the hotel managers. They were allocated red subject zone, blue subject zone and green subject zone to live in. The choice part of the island were reserved for the hotel managers. That is not all. Employment of plum jobs or jobs of some significance were the reserves of the expats. The subjects were at best employed as chief clerks. And the expats would handpick and favour a few of the subjects and elevated them to half their status, which was a great honour for the subjects. And clubs formed by the expats were reserved only for the expats. Locals and subjects not allowed. Don't ever think of becoming a member of the SICC or the Singapore Cricket Club or any of the expat clubs. Those were the days when the people of Singapore were denied citizenship status. And those were the lives of subject people without a country. Do we want to go back to those days and give away our citizenship and the rights of citizenship and become subjects or flotsams once again? Do we want our little piece of land to be turned into a hotel and we be kept out of it?

another quote for the good singaporeans

"Changes are being made so Singaporeans can have more money when they retire." Minister Of Manpower Jan 2007 Singaporeans are so lucky. The govt is planning for everyone to have more money when they retire. For the mean time, please stretch your dollar, if you have one.

something unbelieveable

ST Forum June 14, 2007 $200 GST offset, but so much more to pay ad infinitum I REFER to StarHub's announcement that it will increase cable TV subscriptions by between $4 for basic groups and $10 for sports content. This is an increase of 17 to 67 per cent. The reason given was that 'the price hike is a natural result of ongoing increases in prices of pay-TV content", without any mention of the GST increase. When I received my GST offset letter informing me that I will receive $200, I began to recall the things that I have had to pay more for in recent months. Over the last 12 months or so, there have been media reports about increases or announced increases in electricity, taxi fares, development charge for non-landed residential sites, refuse collection fees, food courts upgrading and food prices, bus and MRT fares, one- and two-room HDB rental, university fees, Goods and Services Tax (GST), postage, property tax, registration fees for medicines, polyclinic fees, hospital fees, car park charges, Electronic Road Pricing (ERP), Nets charges, ElderShield premiums, removal of medical fees guidelines, plastic bags, hospitals means-testing, electronic share application fee, a second postage rates increase, and now cable TV, et cetera, in chronological order. All these increases or announced increases are not even related to the impending GST increase, except for SingPost's postage rates increase which is 'specifically to offset the GST hike'. With the economy booming, resulting in increased revenue, profits, surpluses, possibly lower costs due to economies of scale, et cetera, why is it that prices can only go up but never lowered, or at least kept level? With the assurance that government fees will be frozen for one year after the GST hike, I hope that particularly those fees for essential goods and services that are not in the 'frozen list", like electricity, taxi fares, ERP, bus and MRT fares, university fees, health-care costs, et cetera, will not continue to rise again soon. Leong Sze Hian Is Leong Sze Hian right or wrong? The latest figure released is that cost of living is up .4% over the last month. And looking at such statistics, even after July 1, the next 6 months' CPI will not be more than 2.4%. Why are people claiming that everything is up? Mee rebus up 50c only, what else? All the items mentioned in Leong Sze Hian's article? Sounds quite fictitious. Something is unbelieveable here. It must be Leong Sze Hian's article. CASE has set up a special section to monitor any unreasonable or unjustifiable increases. So Singaporeans need not have to worry.

No need for CPF

Why is there a need for CPF? Singaporeans have been so used to this concept that even when they lay dying on their deathbeds they will still find it not right for not having money in the CPF. They have this mindset that is conditioned overtime to accept things without questioning. And this stupidity extends to all levels. Can’t disagree with Li Ao. CPF is a saving for retirement. It is money that one sets aside and needs when one is no longer working. When one retires younger, at 55, one needs more savings as one has more unproductive years ahead. When one retires at an older age, the savings needed should be proportionately smaller. And if one is to work till one dies, say at 70 or 80, why is there a need for a huge savings in the CPF? Medical needs? Why should one be so obsessed about that huge hospitalization bill when one is past 60? All of us will die one way or another, sooner or later. After 60 it is fair game. What is the point of having $100k to be spent in a 30 day hospital bill and still alive but no job and no money? Or is this a justification to have $200k in the CPF? Do we need to pay top dollars to idiots to tell us that we must keep on contributing money to our savings till the day we drop dead? Setting aside the need for hospital bills, as one ages, the physical needs for food and other frivolous items will fall. One probably can hardly eat, hear or see and be lying in bed or slouching in a chair waiting for the maker to call. Why should people in the 60s or 70s and working, be made to save more? At 55, and retiring, one has another 20 years to go. Working till 70, how many more years to go? Oh we need to save to live till 90. What crap? There is no need for more contribution to the CPF if one can work till he drops dead. A formula can easily be worked out to determine on a reducing scale, the amount of money needed for safety reasons so that a person can live on his savings without being a burden to the state. The need for unlimited contribution to the CPF regardless of age is silly.

Temasek's purchase of telco is business

At least this is what Sonthi is saying. And his earlier grunt about protecting national assets, confiscating Temasek's assets, was to appease the ignorant Thai masses. "I don't think they did anything wrong. We don't have any bad feelings about that. We still have a good relationship with Singapore." He said. This turnabout, from a hostile nationalistic bull charge to a sensible and friendly approach, would have toned down the temperature a bit. But how would it affect Thailand's reputation as a safe place for investors? Could they turn around again and start their chest thumping and war cry? The policies and actions of national leaders will greatly affect the confidence investors have of the country. Like Malaysia, after all the restrospective and retroactive policies and decisions, every investor will be wary about investing there. The precedence has been set, that they can do anything, to change to laws, to the detriments of investors. Thailand is heading towards this direction. The new posture is a retreat from plunging Thailand into a bottomless pit of no return. It will destroy Thailand's credibility and as a preferred country for investment if the Thai leaders did not adopt a rational approach to commercial issues. Let's hope the turnaround is just the beginning to unwind the damage that it has done.

The pathetic fight against 50c

Jeffrey Law Lee Beng stopped patronising the mee rebus stall because it charged him 50c more for a plate. This to him is profiteering from the GST rise. Didn't he know that all the cost to the mee rebus stall holder has gone up? To expect the stall to charge a 2% increase or 4c more is not only impractical but not enough to cover all the other costs. The stall holder is not only affected by the cost of his material but also cost of his livelihood. His rental, medical, children education, transportation, practically everything has gone up. He needs to earn a little more to make his living manageable. Now what is 50c? I am sure it is affordable. This is another way of looking at the current situation from one whose pocket is stuff with money.

Infidelity or telling the brutal truth?

GST up, all prices up, everyone, or it seems like everyone is unhappy. Really? What is another $2 or $20 or $200? Rubbish, too insignificant to be bothered by such trifles. The truth, yes, the truth is that many Singaporeans are so rich beyond the imaginations of the hardlanders. Life is a bit hard in the hardlands. But out of the hardlands, life is simply beautiful. Everyday is a day of opportunities to make more bucks. And not in the thousands but hundreds of thousands or millions. There are many Singaporeans who can splurge ten or twenty thousand for a night of entertainment. Or writing a cheque for a few millions without winking. That is the real truth. The pleasant truth of the good life. What is your station in life? Sometimes gripping about all the little increases is quite insane when you are in another station when a few millions is nothing, small change : )

The David Rasif case - a parallel

Lawyers for the victims of Rasif, Senior Counsel Harry Elias, 'accused the store of giving Rasif "dishonest assistance" and receiving money "rightfully belonging(to the Zages) under suspicious circumstances. Alarm bells should have sounded when they received the cheques from David Rasif and Partners - Client's Account. The store should verify the legitimacy of the cheques. Should alarm bells be sounded when Richard Yong sold his properties? Should those involved in the transactions raise the alarm?

From watchdog to watchtower

Or from watchdog to guard dog, to pet poodle? At a media conference held yesterday, a Bangladeshi journalist called for the media to take a different role, that of a watchdog to a watchtower. What a joke. He should be more realistic and pragmatic and take the advice of Patrick Daniel of SPH. Patrick said he made 'no apologies for being pro Singapore.' He said, 'We have grown and prospered along with the city state. We have willingly played a nation building role.' He added, 'We have a good sense of what's out of bound...but the fairways are wide enough for us to produce credible, quality newspapers. Freedom with responsibility does not mean we settle for third grade products.' So our media quality is at least better than third grade. It is either second grade or first grade. Must be first grade. And the Bangladeshi journalist has a lot to learn. For the facts cannot be denied. We are richer and more prosperous than Bangladesh. We are first world. An Indian delegate then questioned if Singapore's success should be attributed to its 'media restrictive regime.' Patrick Daniel did not answer directly but said, 'There are laws and I abide by the laws and I produce the newspaper.' I must congratulate Patrick Daniel for his insightful reply to the Indian delegate. And the call to be a watchtower dropped dead after that, I think.

Landed properties for foreigners

This is the suggestion of Goldman Sachs. And for good reasons. A lot of money can be made as the prices of landed properties are under valued compare to those of privated luxury flats. The seduction of money and instant wealth are very attractive. Many who are sitting on landed properties could instantly double their asset worth and cash out. What happens next? All the foreign funds will flow in to grab up all the landed properties. And soon a big chunk of Singapore's sacred asset will be in foreign hands. The foreigners can own Singapore by default. It is as good as selling off the island. What is the good of money when the land is gone? The Russians sold Alaska to the US. Where is the money now? Alaska is still there and appreciating in value. Where is the money that we received for Christmas Island? We will see whether there will be any fools that will say, good idea, let's sell out to the foreigners.

nice idea

Congress Votes to Outsource Presidency May 10, 2007: Washington, DC (AP) -- Congress today announced that the office of President of the United States of America will be outsourced to India as of July 1, 2007. The move is being made in order to save the President's $500,000 yearly salary, and also a record $521 Billion in deficit expenditures and related overhead that the office has incurred during the last 5 y ears. "We believe this is a wise financial move. The cost savings are huge. " stated Congressman Thomas Reynolds (R-WA). "We cannot remain competitive on the world stage with the current level of cash outlay." Reynolds noted. Mr. Bush was informed by e-mail this morning of his termination. Preparations for the job move have been underway for some time. Gurvinder Singh of Indus Teleservices, Mumbai, India will assume the office of President as of July 1, 2007. Mr. Singh was born in the United States while his Indian parents were vacationing at Niagara Falls, NY, thus making him eligible for the position. He will receive a salary of $320 (USD) a month but no health coverage or other benefits. It is believed that Mr. Singh will be able to handle his job responsibilities without a support staff. Due to the time difference between the US and India, he will be working primarily a t night, when few offices of the US Government will be open. "Working nights will allow me to keep my day job at the Dell Computer call center," stated Mr. Singh in an exclusive interview. "I am excited about this position. I always hoped I would be President." A Congressional spokesperson noted that while Mr. Singh may not be fully aware of all the issues involved in the office of President, this should not be a problem as President Bush had never been familiar with the issues either. Mr. Singh will rely upon a script tree that will enable him to respond effectively to most topics of concern. Using these canned responses, he can address common concerns without having to understand the underlying issue at all. "We know these scripting tools work," stated the spokesperson. "President Bush has used them successfully for years, with the result that some people actually thought he knew what he was talking about." Bush will receive health coverage, expenses, and salary until his final day of employment. Following a two week waiting period, he will be eligible for $140 a week unemployment for 13 weeks. Unfortunately he will not be eligible for Medicaid, as his unemployment benefits will exceed the allowed limit. Mr. Bush has been provided with the outplacement services of Manpower, Inc. to help him write a resume and prepare for his upcoming job transition. According to Manpower, Mr. Bush may have difficulties in securing a new position due to a lack of any successful work experience during his lifetime. A Greeter position at Wal-Mart was suggested due to Bush's extensive experience at shaking hands, as well as his special smile.

another great quotation

S'poreans need to learn how to stretch their savings: Lim Swee Say What does this statement mean? I think it makes a lot of sense. With 30 to 40% of their money saved, and very safe, in the CPF, Singaporeans should learn how to stretch whatever left that they have. Or else if what they have in hand are gone and money in CPF still very safe, they will have a little problem meeting their immediate needs. But I think many Singaporeans are already stretching their savings, if not an expert in it. When prices are going up ahead of salaries, they will be in big trouble if they do not know how to stretch their money. For those who still do not know how, they may want to ask the minister for some advices and ingenius ways to stretch their dollars.

It is my money

When would Singaporeans start to ask the ministers in public dialogue sessions that the CPF money is their hard earned money and not to be managed against their wishes? It would be nice if they ask the minister, 'Mr Minister, Sir, what makes you think you can decide whatever you want to do with OUR money?' And if the minister says that they have been elected by the people to decide what is good for them during the general election, then the people should accept it as they are the one who elected the ministers and MPs to Parliament. It was their choice, their right to decide who they want to represent them in Parlaiment. Having cast their votes, they have to live with their choices. And for those who did not get to vote or voted against, just too bad. This is the system, and this is our democracy.

Another frivolous pursuit

An 86 year old auntie signed on the dotted line to pay $52k for a slimming regime and her daughters are crying foul. Should they or are they being unreasonable? The auntie is not of unsound mind and wants to look slim and pretty. She was not coerced to sign and pay. She did it with eyes open wide wide. The daughter are complaining to CASE for a refund. Hey, it is caveat emptor. Or should we expect a slimming centre to tell a 86 year auntie that she shouldn't waste her money at her age? Is it the duty of a commercial slimming centre not to sell their products? They are there to promote and sell their products for profit. And if there is no misrepresentation, then there is no foul. Quite frivolous in all ways.

The St John Hospital case

This is simply a case of a CEO being underpaid. so he helped himself to the money to adjust his own pay. All the charity organisations should quickly do a salary review and make sure that their employees, especially the mangement teams, are amply rewarded at market rate. They can chose to peg themselves with other big charity organisations. How can they forgot about how Singapore or Singaporeans tick? Money and more money if they are to prevent such things from happening.

CPF, circular logic at works

Swee Say said, later retirement and extension of withdrawal age is not to lock up your CPF money. And that is the truth. Another truth is that your money will be locked up for another 3 years. I am confuse as to which is the greater truth. And this Michael Chwee said, 'If you want workers to work longer, we must have extra savings...' What is he talking? If a worker is employed to his last day of life, eg 85, he is expected to have a decent income till that day. Why should he need more savings? Only those that are not working and has no income need to have more savings. Once the retirement end is extened from 62 to 65, the workers are working 3 extra years, earning 3 more years of income. So his needed savings should go down by 3 more years. Is this reasoning so difficult to understand? And I am referring to people who are not working and have no income. Many may not be working but still have income. I do not buy the argument that the whole concept of filial piety or to take care of your parents, or just to give them a little pocket money are a total washout. If that is the case, our education has failed miserably and we should scrap teaching such concepts in schools immediately. It is a total waste of time and effort. A big farce. A big failure.

60 good men and women

To start with, 60 good men and women may be enough to present themselves as a credible political alternative. And it is not difficult to find 60 of them in this little island. There are many highly trained professionals and successful people available to form the core for a good alternative party. There are many who have made a name in the industries and are financially independent to be free from any kinds of threats, including those who are supposed to have retired. If these men/women would to offer themselves seriously to the people, and play the political game correctly, they may stand a chance. For it is not easy to run down 60 good men and women at one go with frivolous accusations. Any wrong move would antagonise the families, relations, friends and associates of these 60 people. And being successful people in their own right, they will have a fairly wide network to fall back on. And they could finance their own political battle or be able to canvass for funds to support their political cause. It is quite easy when the time is ripe for true leaders to appear to lead the nation for a better tomorrow.

Sunday best for frivolous pursuits

What shall we talk about on Sunday? I read about ladies being insulted because they were more than 36 years old. And the reason, they were not seen as useful to attract men to frolic or spend money in drinks on them. And socialites all dressed up to their nines for a night out ended being humiliated in public. Please don't come even if you put on several thousand bucks of hardware on their expensively treated skins. They are not going to waste a couple of free drinks on them. No deserving, past their prime. I am sure the ladies did not go to public entertainment places to be insulted. Then the beautiful below 36s. Would they feel elated that their youth is good enough to be given free drinks? Or would they be equally insulted that the free drinks were given to them as cheap rewards to attract customers to the joints. Were they exploited? Would they not feel cheated? Just for a few free drinks, they are paraded as commercial adverts and they have no inkling about it? All for a few free handouts?

help yourself

'Whether it is a charity or even among companies, from time to time you would have a case that comes up with someone who helps himself to the money. Ultimately, you're dealing with the vulnerability of the human weakness to temptation.' Gerard Ee Now this is a profound statement from the Chairman of the new NKF. I have been pondering over it again and again and I think I will be pondering over it over the whole weekend. How many people have been helping themselves to the money and laughing all the way to the bank? Then again I am very thankful that, perhaps this island is really blessed that we don't have so many people helping themselves to the money. At least the record shows that there were very few. Maybe Gerard is wrong. Or maybe he is right. Or maybe we are living in an island that is not occupied by humans, so there is no human weakness to temptation. The NKF and the latest St John Hospital case are just exceptions. Whew.

Is it the fault of the CPF?

Let me look at the CPF from another angle and how it could be the source of other ills of our society. Traditionally children were the insurance of old age for parents. And children became a necessary item of all families. They are the provider for the parents when they are old and feeble and can no longer toil for a living. What's that got to do with CPF? Yes, the CPF has become the substitute for children. People no longer depend on children for their old age. They have their own money to look after them. So no need to get married and have children. Does it make sense? Why not? The CPF has unwittingly becomes a substitute and contribute to the no need to get hitch and no need to have children society. Now where have the children gone? Who cares? This is only one social problem that the CPF may help to create. But the CPF can help to get rid of our oldies problem too. When the time comes, when all the oldies have a couple of hundred thousands in their CPF, and untouchable, what is the next best thing to do? Cost of living is extremely high in this little island for the jobless. The few hundred dollars to be paid out by the CPF will only be good enough for subsistence level lifestyle. Why not take all out? Yes, denounce the citizenship, take out everything and migrate to a cheaper paradise. The oldies may find such an option a more desirable and practical way to spend their old age and their life long savings. So the CPF will help to disperse our senior citizens around the world as rich old Singaporeans living out their golden years in wealth and in health. And our oldies and over crowding and welfare problems will be solved. Singapore will be forever young. Is this part of a well thought out plan?

"Indonesian Parliament rejects DCA" repeat

meds has left a new comment on your post "Indonesian Parliament rejects DCA": We must reject this unfair agreement. singapore, house of corruptor, feen form bastad money. we reject. unfair DCA sumedi, indonesian I received this post in the thread posted some time in May, deep inside the file. Many of you may not have read this reply so I decided to post it here. Hi Sumedi, welcome to the blog. I can appreciate your point. From the Indonesian perspective, they must see real benefits to go along with the DCA. And if they can't, then they should object to it or speak against it. It is the right of every citizen to talk and express their views on issues concerning their country. Otherwise the country will be run without the consent of the people. As citizens, I must say that we do not know the details of the agreements. I believe that the govt representatives of both sides are intelligent people who negotiated the agreements based on the best interests of their respective countries. And that your ministers would not have agreed on the DCA if Indonesia is not getting a fair and justified returns for the agreements. I would not simply run down the agreement without knowing the details. You may want to find out more from your ministers. There must be enough trade off for them to agree. They must have seen enough benefits in the agreements which the public may not know. Cheers

Why complain about working to 70?

I have read some forumers complaining about having to work till 70. Now that is a shame. I would love to work until 100. I am craving, and crazily in love with work. But I have a little problem. Can someone please offer me a job that pays $1 mil? Never mind $500k also can. I promise you that I will be the most happy worker and will not give anyone any problem. And the cpf can do anything they want with my money. Withdrawal at 100 years also can.

GST increase no longer an issue

According to Sue Ann Chia, the 2% GST increase apparently is not turning out to be a political hot potato. Now is this good news or bad news? I think the people will find the 2% increase not that painful. But what is hurting them will be the other increases that are not related to the GST increases, and much much more than the affordable 2% increase. Now why are there so many increases and in double digits? These are what that will hurt the people's pockets.

KL putting more men to police JB

More men, patrol cars and police stations to be set up to control the rising crime rate in Johore. Najib had told the Cabinet that he wanted immediate actions from the police and the Minister of Internal Security to fight the crimes in Johore. That is what KL wanted. That is what the govt wanted. What if there is a second agenda by a different group that wanted to perpetuate the crimes? What if this group has a stronger influence on the ground and has the ears of the police and the police chooses to look the other way? The pattern of the crimes committed recently tells of a sinister plot. I may be imagining, but I can't help imagining after reading the reports from the victims. And if there is really a sub plot in the hatching, all the additional men and patrol cars may not mean anything. I hope I am wrong.

nkf story - is it over or not over?

Thomas Koshy wrote about the closure of the NKF saga with the jailing of Durai. He questions whether witnesses in court who flip flopped in given evidence should be charged for perjury. The case of David Tan was a glaring example that prompted many questions to be answered. Would the NKF saga spawned another saga? I think there is a bigger saga about the whole case. Or there are many sagas that the people are watching. Many are very cynical about the whole saga and how the events developed. But many are not saying anything except behind closed doors. It is better not said and not heard and pretend that everything is alright. All settled and forgotten.

number one is relative

I posted about the world number one civil service that we have the other day. It is indeed number one in many areas. But sheeples are still sheeples. They take orders, implement to the best they could, without questioning the rights or wrongs of their policies. They are easily managed and controlled to do the works they are expected to do. Recently we have Ngiam Tong Dow standing up to question some of the govt policies. Sounded damn enlightening and refreshing. But sheeples are still sheeples. No question when swimming in champagne. It took so many years when the smell of champagne were gone and forgotten before he regained his questioning ability. The CPF issue is a case of great concern. Doesn't the civil servants know that it is the people's money and the people has a right to decide what they want to do with their money. And the civil servants may not be questioning, but this does not mean that they cannot think and understand such a basic issue. They are our brightest and it is insulting to think that what we can see they can't. Would any of them be brave enough to stand up and tell the minister, 'Sir, the CPF money is the people's hard earned money. It is the people's property, asset. We cannot suka suka decide for them how long we want to keep their money and how much we want to return to them. This if fundamentally not right. We are violating the right of the people to their money even if we pass a legislation in Parliament to allow us to manage their money anyway we want.' If only our civil servants have the conscience and righteous mind to tell the ministers that they cannot go on with policies that are fundamentally wrong, then we can really say they are the best in the world. The civil servants must work for the interest of the people. The Ministers may also think that they are working for the good of the people. The intention may be good. But the end does not justify the means. The people's money is the people's money. No two questions about this. When would the civil servants stand up and say something about this? If it is money taken from the national reserve, the people will not have any say as to how the govt want it to be distributed.

have faith. don't jump the gun

I visited the YPAP forum just now and read the several harsh statements against Boon Heng's suggestion to raise withdrawal limits. I think it is unfair for these peasants to jump to conclusions before hearing Boon Heng out. His suggestion is carefully thought out, after spending 6 days in Japan with his team of experts to look into the aged problem. He did not shoot it off his mouth without thinking. The peasants cannot assume that a multi million dollar minister will do that. And the problem of the aged is very intricate and needs a thorough understanding of the complex issues around it. Of course the peasants will just shoot it off their mouth. Give the minister some time. In 5 or 10 years time the peasants will understand how well thought out the solutions were. Have faith.

japan to learn from singapore

Japan to study Singapore's pension and CPF scheme Heard, not sure if it is true, maybe dreaming, that Japan will be sending a high level delegation to study our CPF and 3M schemes. They have admitted that their scheme is a flop and they are very impressed with our innovative schemes. Kudos to Singapore. We are the light to show the way to a brighter future.

i am dreaming

I am dreaming that one day a govt will be elected and say 'Here is your CPF money. You can take it back at 55.' And the govt is setting up a retirement fund from its surpluses/reserve to provide for the needy above 65 years old. Not every 65 year old will depend on the govt for financial assistance. Now that will be the day.

myth 146

Liberalisation is not good The sale of the 3 power plant to private operators have raised fears that the prices will go up soon. Afterall these are commercial organisations that thrives on profit and profit is their only reason to exist. They are not buying the plants in billions of dollars to do charity to Singaporeans. But the management of the power plants have assured the consumers that they have nothing to worry about. It will not affect them. So the consumers can rest and sleep in peace. With assurance from people in high management positions, they must be telling the truth and nothing short of that. Let's see how the charges can be maintained, assuming the assurance means the charges will not go up. Labour cost is going up that's for sure. Rental is going up, another unescapable truth. And oil prices are going up. So how can profit continues to grow? Its elementary. Innovation, new technologies that are more efficient and cost cutting measures. When production and productivity go up and cost goes down, profit will go up without raising fees. So have no fear. It is a good thing.

The solutions oozing out for the aged

The solutions oozing out for the aged Boon Heng has come up with his first gem after his 6 days tour of Japan. Don't withdraw too early to extend the fun or fund. 3 more years before the minimum sum can be withdrawn. And this comes with many benefits. Senior workers will now have the opportunity to work till 65 or 70, and protected by legislation. Their savings will grow, and earn another 3 more years of interest. And they will not squander away their money too early. In a nutshell, their future is safe and sound. I am wondering, why, if they could work so many years more, which means they will have more income than outcome, at least until 65 or 70, depending on when they stop working, these years should be net surpluses. Why should the minimum then be increased further when their non economic lifespan is now shorter? Should the need for the minimum sum be lessen instead of increasing? Or they need to live on gold during their golden years? I know that they burn gold papers.