The relative truth

What is truth is all relative and depends on a person's background and what he/she wants to believe in. Some once exclaimed that $600k is peanuts. Temasek and GIC lost several tens of billions, near to $100 billion, but no one really bats an eyelid and no one say that it was a huge sum. Today we heard MAS lost $9.2 billion and the phrase used is this - 'So heavy were its losses that they wiped out about 80 per cent of MAS' combined gains of $11.29 billion in the preceding two profitable years...' Why was this loss described as so heavy when several tens of billions were simply another loss? If I were to put it, I will say $9.2b loss is peanuts. The truth, the real truth, depends on the person saying it, and the people listening to it also have their own truths and interpretations of the truths. When Chiam See Tong asked for some money from the reserves to be used to help the citizens, the response was that it would kill the golden goose. And I think he was not even thinking of a billion bucks. After losing several tens of billions, the golden goose is still healthy and swaggling around, still can afford to loose a few billions.

HDB flats are heavily subsidised

'New HDB flats are heavily subsidised and the board's priority is to help those who need such housing the most, such as those who are buying a flat for the first time and families who cannot afford private housing.' This is from a reply by Chan-Wong Jee Choo Lily, Dep dirctor, HDB. I am wondering whether old flats were heavily subsidised? I am also wondering how heavily subsidised were the flats at Duxton Pinnacles when they were sold at about $200k more the than the first launch at market prices?

Immoral morality

How could these two words be lumped together? It is either moral or immoral and not inclusive. In life, the moral and immoral parts are obvious, but the immoral morality part is kept under a veil. Sometimes what is obviously immoral is not so immoral and what is obviously moral is more immoral than anything else. Prostitution is an industry that easily fits into the immoral realm. So is the casino and gambling industry. But the prostitutes are trading their services for a fair price, wiling buyer willing seller. And the customers normally go away satisfied, provided the service does not include hidden diseases. The casino is what it is and because of that it is so well regulated that the risks are all upfront. The hidden cameras, loaded dices and electronic controls are not allowed to be introduced to cheat the customers, though some still do illegally. Actually I should call these industries moral immorality as distinct from immoral morality. Now what is immoral morality? The banking institutions, the financial industry are reputable industries, administered and regulated by man of principles and high morals. Today, their moral standard go as far as this statement, and no further. We have experienced and been hurt by the toxic products, frauds, misrepresentation, flawed systems, exploitation of technology against small investors, regulations and systems favouring the big funds without the small investors having any clue to it and thinking that the odds are fair. The casinos are fairer. At least the gamblers know the odds and know that they got to be careful with the casino operators. In the case of the finance industry, the trust is a given, but misplaced. Oh there are exceptions to the rule. Some are highly principled and moral, integrity beyond dispute. Now, did I give a good explanation of immoral morality? All their accomplices are meant to be people of high morals and will uphold fair play and walk around with a hat saying moral responsibilty is their name.

Would Singapore become another Mexico?

Brookes Business School was ordered to close by the MOE for issuing fake degrees. Now its subsidiary, Stamford Global Learning is also ordered to close. The former had 400 students while Stamford Global has 40. How would this affect Singapore's reputation as a world class education centre? Would Singapore be avoided like Mexico from the H1N1 flu, in this case, fake degree flu? To quote an affected China student, 'If people in China hear about this, fewer of them will come to Singapore.' This is not the first time such things happened. Is it so difficult to avoid such a mess? Just a few phone calls to the universities concerned will do the trick. Maybe it is too troublesome, too big a job. Maybe it is nobody's responsibility. Oh, free market, self regulations, caveat emptor. Now I am wondering how serious is this fake degree flu and how far it is going to spread. Totally irresponsible.

Potong Pasir and Hougang getting upgrading

The sun rising from the West? The two opposition wards are not only going to get the upgradings, they are queue jumping, as their turns are not due yet. Unbelieveable, how can opposition wards cut queues and get rewarded ahead of govt controlled wards? This must surely be signs of maturity, magnanimity and generosity. This is what an all inclusive society is all about. No one will be left behind.

AG office unhappy with govt depts

Lax procedures and inefficiency have resulted in money not collected or contracts awarded not at lowest cost or for convenience. This is intriguing given the quality and number of supertalents hired and paid so well. It is basic to buy services or products at the lowest cost unless the provider or product is substandard. The AG Report highlighted that the MOE could save between $1m to $15m if the cleaning services were awarded to contractors who quoted lower than market rate. Fair comment. But why are the words HDB, market pricing and water conservation tax keep popping up in my mind? The govt should be run as efficiently and profitably as possible. The business principles of buying cheap, below market prices, and selling high, at market prices or better, must be adopted by all ministries. Run it as a profitable business. Make as much money as the market can pay from the consumers. Who are the consumers?

Victims of Savages

Throughout history, the worst savages of racial discrimination, brutality and ethnic cleansing were the Americans and Europeans. They left their marks from North and South America, Africa and across Asia. Hardly any race was spared. The savage killings of the Red Indians, the slavery of the Africans, apartheid in South Africa were historical facts that western journalists and academics chose to shut up and to conveniently forget. In turn, they painted the Americans and Europeans as the beacons of human right champions, the hope to extinguish racial discrimination and the saviour of the world. And a straw man was used to replace the American/Europeans as the number one racist hoard, China and the Chinese. And all the silly Africans and Asians, including Southeast Asians, swallow this line of thinking conveniently. In reality, the Chinese were also the victims of savagery when the West invaded and controlled China, turned it into a semi colony. Then the minority Chinese in Southeast Asia themselves were victims of savages in their adopted countries. The Indonesians were the worst culprits followed by the Malays in Malaysia. Ethnic cleansing were quite a frequent affair, cultural and social oppression were written into laws and govt policies. The only place where the Chinese were not persecuted is Singapore. The only place that the minorities were not persecuted is Singapore. The only country where the minorities were treated fairly and enjoy as equal a right as the majority is Singapore. The Malay minority here is still angry with appointments in the military. But to be fair to the govt, the condition then was such that it was a matter of national security and survival. It was not racial to begin with. They may want to understand the situation then and ask themselves whether the govt could have done otherwise to keep the country peaceful and stable when our neighbours were out to do us in with possible military intervention.

Malaysia backtracking on teaching in English

Muhyiddin announced that Malaysia is scrapping the teaching of Science and Maths in English and the reason given is that it will undermine the students ability to learn Bahasa Melayu. The teaching of these subjects in English is also tough on the students as their grasp of the language is poor. I think the real reason is that there are not many competent teachers who are able to teach in English. The 40 years of abandoning the teaching of English has taken its toll. Many of the teachers educated under the new policy would not have much knowledge of English and will be incompetent to use the language as a medium of instruction. If the teachers are struggling, how could the students learn anything? Education policies or many national policies cannot be scrapped simply at someone's fancy as the consequences and impact are long term and long lasting. To unwind and start again is going to be very painful. The easy way is not to do it and continue with their current policy of using Malay as the medium of instruction. It is not easy to transform a nation of Malay speakers into an English speaking community overnight.

Crowds in property launches

Crowds are thronging new property launches and grabbing up properties like hot cakes. And property developers are cashing in on the affluence of Singaporeans and launching more projects for sale. The Singaporeans are really rich, buying properties costing at least a million like buying durians off the streets. Where is the recession? Where are the poor? It is all a myth. All the talks about poor Singaporeans living from hands to mouth or waiting for handouts are mere exaggerations. Singaporeans are rich like hell.

Myth 207 - Monkeys scattered when the big tree falls

Many have quoted this phrase as a truism, that all the monkeys in a big tree will scamper and scatter once the tree has fallen. No more branches to hang on to. Better to look for another big tree. Better still, be their own big tree. In such a scenario there will be many big trees contending for more monkeys to hang on to their branches. Will this be the case all the time? I think it will be, without exceptions. Big tree falls, means big tree no more. A replacement tree growing beneath may become another big tree, but will take some time to grow in stature. Another possibility is instant Angsana tree being used to replace the old tree. But instant trees have short roots and may not stand the gust of strong winds or a heavy downpour. And Angsanas are never know to be strong, like the old oak tree or the tembusu. Would this saying be as true as it was or would it just be a myth?

Free water in restaurants?

There are people demanding free drinking water from posh restaurants. How audacious! If they want to drink free water, go to the tap. Just as one of the posh restaurant owners said, they served great culinary fare. Why would people go to their restaurants to drink tap water? Ridiculous. These must be the cheapskates or people who cannot afford high class restaurants. They should confine themselves to eating at hawker centres. Incidentally, water is not free. Our water comes with a 30% water conservation tax. And that is huge in any terms. This outrageous tax has been in practice and the dumb people have been paying for, I think, more than 10 years or 20 years without complaining. Recently some little noises have been heard calling for the abolition of this highhanded tax to be removed. After so many years, the people must have learned to handle our precious water with care and not to waste them. The message must have gone through. Apparently not. It is here to stay no matter how nonsensical is the reasoning. Hit the people in the pocket where it hurts. But this policy is good and efficient. It may be obnoxious and totally arrogant to slam the people with this kind of reasoning and policy, but it is damn effective. Other then curbing some abuses of water, the revenue is handsome and can be used to pay people more handsomely. No matter how much I dislike this policy, its virtue is irresistible. I would like to suggest that the same reasoning and policy be introduced to curb wastage of petrol. Hit the drivers with another 30% petrol conservation tax. This can be extended to food wasting. Too much food are wasted by our unrestrained habit of eating and eating all day long. 30% rice and food conservation tax will ensure that the people save on food consumption and eat lesser. The benefits are tremendous. No need for wasting time in school children with obese problems. No need extra training for obese NSmen. No need to waste foreign exchange to import more food. And the additional revenue can be used to reward those who implement such policies. Anyone still want free water? Or is there free water?

Singapore Night Festival

More pictures in the Singapore Night Festival blog in link provide or http://singnitefest.blogspot.com

Don't be cock, learn from the Americans

We are America's most ardent fans in everything the Americans do. We will eat shit if the Americans say it is good. We have copied and aped practically everything they do in high finance, managing the stock exchange and playing with derivatives under a policy of free wheeling and dealing with minimum supervision. Now the Americans have created this huge mess for the world. But the Americans knew that they have done wrong. They are thinking deeply on where they have gone wrong and are trying to rewind from their mistakes. They are not foolish or stubborn people who refused to admit their mistakes and will continue to do the silly things. Today I read in the paper that Geithner is seeking more curbs on derivative dealers. The days of free wheeling and dealing with minimum supervision and control are over. "'We propose to require all derivatives dealers...to be subject to substantial supervision and regulation, including conservative capital requirements, and strong business conduct standards,' Mr Geithner said, essentially acknowledging there were few limits in the past." In addition, these traders are required to keep records and reporting requirements. The objective is to prevent market manipulation, fraud and other abuses by providing full information to regulators about activity in the OTC derivatives markets. I think this is not enough, especially in a small market like SGX. Market manipulation through huge buying or short selling and programme trading, among other things, were the tools that big funds and house traders employed to exploit the weaknesses of small traders. Small investors have been incurring huge losses over the years without a clue to these unfair advantages and manipulation of big funds. It is time to continue to follow the Americans and rectify the flaws in the financial system instead of adopting the belief that no complaints means that everything is doing well. Stop the bleeding in the stock market where small investors have their pockets emptied by the big players. The new measures to be introduced by Geithner will dampen the high volatility of the stock market. But it is a necessary evil to contain the destructive manipulations and excesses of the big funds. The volatile trading activities must be curbed and some sanity return to the market. The stock market must operate and on its original premises and assumptions and sound principles, not the rules of a casino.

The unsustainable ascent of property prices

Our property prices have skyrocketed over the years and the stratospheric prices of HongKong and Tokyo are within our reach. We will outshine them in a matter of time. Then why is it unsustainable when the prospect of prices going higher is so brilliant? Let me talk about the forces that will push the prices higher and higher. Our limited land is a fact that cannot be changed. Even with reclamation, we can just do that much more. The other reason is that with prices at such a high level, with many people ploughing their life savings into properties, many with high mortgages, allowing prices to fall is going to be catastrophic. So by hook or by crook, property prices must be maintained, if not higher, but not allowed to falter and slip. The solution is simple. Manage supply and demand. Supply is easy to contained. Don't build untill there is a demand. Don't sell land unless the price is high enough for a good return. The demand side, invite more rich foreigners to buy up our properties with attractive incentives, first world infrastructure, transparency, stability, and a value that can only go up. The rich foreigners can go for the high end. The not so rich can buy up HDB properties when they become citizens or PRs. As long as the demand for properties is there, have no fear that the prices will fall. But what about demand from the locals? There will be the upgraders who need a little more to move up. But will there be demand from the new entries, the new generation coming into the market? Can their income feed the high mortgages they will be paying, a stagnating income against an ever rising property market? The divide is going to widen. Many of the locals whose income is not going up will have to downgrade or go for smaller HDB flats. On the other end, the upper and high end market, demand will keep on soaring. And it is, or will be a good thing. They will help to prop up both the private and public housing markets. In the future, Singaporeans will have to beg the foreigners, and more foreigners, to come in to buy up their properties, to keep the property prices high. Without the foreigners and their cash, our property market will crash. Yes, the foreigners will be here to help the locals by buying up their properties so that they can downgrade and live on the profits. Hopefully the profits ill last their life time before they ran out. How many times can one downgrade? Without the foreigners, our high property price is unsustainable.

Authoritarian state and practices

George Bush started by prying into the private lives of people using the excuse of security after the 911 bombing. Now prying into people's privacy is no longer the exclusive practice of authoritarian states. Britain just uncovered journalists tapping into individuals phone lines to listen to their private affairs and to obtain private and confidential information from them. How far can a state violate the privacy of the individual in a non authoritarian state? Nothing to talk about in authoritarian system as that is a way of life. What about private organisations taking the same excuse and pry into the privacy of their employees? There are many ways that this can be done. The CCTV is everywhere and can be turned into a monster in the hands of unprincipled and uncrupulous scums. On the excuse of monitoring the security of the building, they could sit down, have a cup of coffee, and review everything inside the lift, or people accessing the building, watching them in close details in the privacy of their offices. They will watch whether he/she will be adjusting their private parts inside the lifts, pasting whatever they dug out from their noses onto the lift walls or any peculiar traits. Then the tapping of phone lines can also be easily abused. There is no privacy when your phone lines are tapped and people can enjoy listening to your flirtation with whoever is on the other sides. And if the other party happens to be an unsuspecting high govt official, he would not be too happy if one day someone is going to reveal what he/she said over the phone. It is so precarious, so scary, when monsters are lurking around, wearing ties and suits like perfect gentlemen. But they think they have all the right to pry into your lives, listen to your private conversations as their god given rights. And they have no moral conscience to even realise that it is wrong, unethical to do such a thing. It is an abuse of the system and a breach of trust. The authoritarian practices are found abundantly in the democratic world as well, where little unscrupulous warlords run their little henhouses.

HDB, what are you doing?

I totally disagree with the new HDB policies on housing as formulated by Mah Bow Tan. HDB as a public housing scheme, is to provide a roof to all citizens of the country. If it wants to provide housing to PRs, that is a separate issue but should not compromise the needs of the citizens. And the policy of not providing for everyone who needs a flat is not what a govt should do to its citizens. With the clever scheme of BTO, there is this additional need to plan and apply 3 years ahead for a flat which I feel is unfriendly to the citizens who need a flat urgently for one reason or another. Not everyone has the luxury of planning 3 years ahead. A little over supply is not a waste when the interests of the citizens is concerned. HDB is not any commercial property developer. It should aim to provide a roof for all citizens when they need it at as low a price as possible without making a loss. Public housing is for that roof over the head, not for speculation. Govt policies should not encourage people to speculate on the sole property they own. Speculation can lead to big profits and also big losses. Let the rich speculate all they want in the private property market. Don't mix the sheep with the wolves.

Minibond saga - The Missing Conscience

Greed is good. But greed with no tinge of conscience is bad. And this is the message that I would like to see to come out from the minibond saga. But no, it was totally missing. The whole scam was a business and when the product was found unacceptable, it was simply removed. There was no social responsibility or accountability. No human beans involved in the whole process except the poor losers who bought the products. I think all the decisions were made by robots, machines and computers. There must be social responsibility and accountability in business. And this applies to the management of all institutions, public or private, finance or the casinos. The next problematical institutions is the stock market. Why is it that hedge funds were not operating in the casinos? They have huge resources to fall back on to their advantage. In the stock markets across the world, the hedge funds bully and exploit the small investors by their unfair advantage of huge financial resources, technology and unfair practices. No matter how big they are, inside a casino, the advantage of hedge funds and small gamblers are the same. At least the casino has the conscience to ensure a level playing field. We have seen how the minibond saga exploded, only when the pain was too big. We have yet to see or hear small investors crying foul in the stock markets across the world. Are the operating systems and procedures in the stock markets fair to small investors? Or is it a case of caveat emptor? There must be the conscience and social responsibility to protect the interest of small investors, to provide a level playing field. An organisation or country that has no conscience to protect the small people and the disadvantaged is a lost cause.

Mechanical Appointees

I have a solution that will help organisations to cut cost. Organisations that think that they are paying too much for their Chairmans can head to ToysRUs and grab a mechanical toy. Bring it back, pin a name tag on it with the word 'Chairman' and plant it on the Chairman's office. By so doing they can save all the cost of paying for a Chairman. They don't come cheap today. And the best part of it is that they can happily fire the Chairman to appease the unhappy employees or shareholders should the oganisation fail to perform or make losses. And they can walk back to ToysRUs to get a newer model, version 1.1 to replace the ineffective one. I don't think such toys will cost very much. The same concept can be applied to Directors of companies. Any busy director who is unable to attend board meetings can send a mechanical toy as his representative in the board meetings. At least when he collects his director fee his attendance record is perfect. I claim intellectual property rights to this idea and anyone practising it only needs to pay me 10% of his first year income. ToysRUs can also pay me a small commission for higher sales of mechanical toys.

Perfect ending to a perfect storm

After 7 months of thorough investigations the MAS has come out with its findings and punishments for the minibond fiasco. The investigation was done very objectively and the three objects that were found to be the cause of the financial storm were financial institutions, training and toxic products. And the punishment was to ban the toxic products and the financial institutions from selling them. No human is at fault and no one will be made a scapegoat. Thank god.

A little bit history

Many of you may not remember the days when the majority in this island was discriminated. Yes it happened. It was an anomaly of history which escaped the notice of many, and many today took it for granted that the majority in power is a norm and will be here to stay, forever. During the colonial days, the masters called the tune. The ruling class and its coterie of officers monopolized all the govt offices, including big western corporations and banks. Key appointments were held by the British and the English speaking elite comprising mainly the Eurasians and those imported from the East India Company. Forget about the Chinamen, they could not speak English and looked funny with their slant eyes. Or maybe it was the British form of meritocracy and the Chinamen were not meritorious enough. When self govt was returned to the locals, all the high offices were naturally taken over by those from Her Majesty Services, filling the positions vacated by the British. The majority Chinese were in the peripheral of the govt. They were either in commerce for the richer ones, semi skilled craftsmen or small time hawkers, and the rest odd job labourers. They were thus grossly under represented in high govt offices. When the PAP govt took over, this state of affair continued for several years with key govt appointments continued to be dominated by the minorities. It took several decades to moderate this historical discrimination and a more representative govt service based on the population profile. But in so doing, many of the Eurasians who were favoured by the colonial govt left for Australia. That was how things were then. Would the majority be discriminated against one day? Given the twist and turn of history, anything is possible.

Planning a City for Crawlies

I watched the news last night and was very impressed with what SBS is trying to do to help the wheelchaired commuters. They have a special point with a button to press and the bus will come to the entrance of that point to pick up wheelchaired commuters. It was so convenient and so pleasant for these commuters. Along HDB estates, new hand railings have sprung up all over the walkways for the oldies to grab as their crawl along their ways. We can expect 300k or 400k of the 70s to 90s in the next 20 years, crawling all over the place. Some will wheelchair into buses or MRTs to have a swing in Orchard Road, some jogging in the parts on their wheelchairs, and many going to work, to their offices, if they are still employable. Yes, we are going to have crawlies everywhere, not the vibrant young things in their fanciful gears and makeups. We are ageing as a population. I too will be one of the crawlies. Actually there could be a few hundred thousands even now. Surprising thing is that not many are seen crawling around. Are we expecting them to appear suddenly in the next few years to swarm the city? 200 wheelchairs queuing for the buses at the interchange at any one time. How many buses will have to be at the designated pick up points and how long will it take to clear the queue? The parks, shopping malls, HDB void decks, all littered with crawlies? Possible? I think I will be content to sit in front of a terminal banging away and enjoy a cup of kopi. The only thing that will still be active and have some energy to do so will be the little ones, the fingers, and a few grey and dying cells in between the ears. I really cannot believe that the 80s and 90s will be so itchy to be crawling all over the places. They will only pose a safety and security problem to themselves. We haven't seen or heard any mugging of the oldies yet, except by their children. It may happen, daily, if they offer themselves too freely and easily.

A tragic hole

I still remember this little hole in the 60s, the hole that I crawled out before being buried in it. The parents were all illiterate coolies cramming into little cubicles with 10 or more in a family. Life was simple and without any aspiration. It was just living, working and sleeping. Many dropped out of schools in their pre teens and ended as kopi kias or kopitiam helpers. That was their fate if they failed in school. Never mind, just get a job and get on with life. The next phase of life for these ignorant and illiterate boys and girls was to get married and have children. They got married before they were 20, some at 18. It was time for big celebration. The following year would be parenthood time. At those juvenile age, it did not need much imagination as to what they knew was installed for them. The parents were around to help in the mothering of the new borns. And there went another chapter of their lives, cut out to replay the tragedy of their parents once again. Don't expect their children to be much better than these boy/girl father and mother. Fortunately with education and higher literacy, these things of the past are getting lesser today. These people are not helping themselves. But were they happy? I think they didn't know. It was just living, working and making babies and that was it. Surprisingly not all failed. A few ended up as contractors and became successful! I see it as a big gamble with many losers and few isolated winners.

Poverty and underprivilege are not exclusive to any race

Rewind back to the 1950s and 60s, the better off racial group was the Eurasians, partly because of their European heritage and ancestry, and partly because they were the next closest to the colonial masters in language skills and cultural affinity. The Malays, Indians and Chinese were all in the same boat, all ekeing a living as best as they could. In terms of housing, the Malays were living in quite spacious kampong houses while the non Malays were squeezed in cubicles in their respective town enclaves. Many Malays in the East Coast/Eunos areas were land owners if I am not mistaken. Came independence, everyone was literally on the same starting block, and the field was level to all. The English Language was the neutral instrument for all to learn and level up. The Malays enjoyed free schooling while the non Malays must be the poorest of the poor to be granted free schooling. In those years, the Malays received the most assistance from the govt vis a vis the other races. Why, after 45 years of independence, the socio economic divide between the Malays and the rest became a gulf? The other races did not get any special assistance from the govt in schooling or in the English Language. And they are not blaming the govt for not being able to keep up with the other races. Why are the Malays still asking for govt assistance as a necessary condition to be able to keep up, that without govt assistance, they are destined to fall behind, to be disadvantaged? As of today, there are proportionally as many poors among the Chinese and the Indians as the Malays. They soldier on, to compete with whatever they have. Some will make it, some will not. The field was never made uneven to their advantage. Some couldn’t cope with the mother tongue requirement and had emigrated. The mother tongue problem is especially more serious among the Chinese than the other races, as many Chinese could not speak their mother tongue, which incidentally was never Mandarin. Mandarin was a foreign language to many of them. It was not to their advantage to learn Mandarin. It was a very tough obstacle unlike the Malays coping with Bahasa. Assistance from the govt is a great help. But without assistance from the govt, life goes on. How and why are the Malays falling behind?

Not a mindset issue

Ridzwan Dzafir wrote a book encouraging the Malays to change their mindset to climb the educational and socio economic ladder. This is the same advice that the other communities, including the Chinese, have been told by the govt. What the Malay doyen was saying is a conventional wisdom. One needs to help himself to climb the socio ladder. There is no short cut. This elicited a reply from an Abdul Shariff Aboo Kassim in the Saturday paper. It is easier said than done. In our highly competitive educational system, the playing field is not level. The rich, with their resources, can do that much more to help their children. The poorer parents, ‘even with financial assistance, could not match the investment made by richer ones.’ I agree that the poorer families are at a disadvantage. But not all is lost. Personally I too grew up financially very disadvantaged, socially and academically handicapped in a very poor quarter of the society. I crawled all the way back, without any tuition or assistance from anyone, not even my parents or kin. Then came my children. They too did not benefit from any tuition or special conditioning to assist them in their studies. They went through schools as any average family children did. The only thing we did was to be at home, no drug taking, no clubbings, no havoc and heavy drinking or partying and leaving them at home on their own. We were just there as parents, to keep the family functional and intact. We provide the emotional and psychological support. I have witnessed many well off families with plenty of tuitions but not benefiting their children. The only advantage they really had was to pay for their degrees from an overseas university as they were not good enough for a place in the local universities. Poorer families are disadvantaged but not to the point that it is beyond hope, that they need a miracle to do well. I think any above average students with enough parental care and encouragement should be able to climb the academic ladder on their own. A little assistance would be welcomed, but without them is not the reason for their under performance academically. There are enough assistance schemes for those who need them. Poverty and underprivileged are not the exclusive rights of the Malay community.

Properties are up for grabs

Melvin Chua, a businessman, sold his 4rm flat in Jalan Membina for $550K and bought a 5rm for $638K. He only needs to top up $88K for a bigger flat. No sweat for a successful businessman. Sales of HDB flats have surged due to demand from young couples, upgraders, downgraders and PRs. It looks like the prices of properties will continue to rise, fuelled by demands from people who can afford them. The prices must therefore be reasonable. In the facing page of the ST was an article by Fiona Chan asking whether the property rally is sustainable? I can simply answer that with an affirmative yes. The pool of flats built by HDB is stable, no new flats are being built unless they have been booked in advance. This is a new concept compare to the old when flats were built ahead of demand leading to oversupply at times. And if the locals are not there buying, the huge influx of PRs and new citizens will be there to make up for the slack. We need them to shore up the CPF scheme. Anyway, what is $500k or $600k? Jet Li bought a bungalow for $14m or $16m. And in the Life page there is a huge bungalow of 7,500 sq ft sitting on 16,000 sq ft of land or the equivalent of 15 5rm HDB flats. The value could be more than Jet Li's. The PR hedge fund manager owner did not disclose the price but it is a handsome house in the choicest corner of Singapore. The rich are living very well here. And so are the average Singaporeans in their affordable 5rm flats. Those who cannot afford it, the losers, need not fear. The govt will look into their needs and build more affordable 2 and 3 rm flats to suit their pockets. And for the real losers, there will be more rental flat built specially just for them. Actually we should not be wasting our time talking about the losers. They make their lives that way, lazy, stupid, and failed to seize the golden opportunities to make more money to buy bigger and affordable flats or landed properties. Shall we say good riddance?

Not too long ago

I wonder how many of you remember the school days when a bus from the Institute of Health would arrive at the school weekly to fetch students for dental treatment. All the scalings, extractions, fillings and dentures were provided free to the students. And after each treatment, the bus would send the children back to schools, all the time accompanied by a nurse. It must be a very costly operation as there were many schools and many school children needing dental care. Those were the early years of our nationhood when the country was not that rich. But we could afford it. It was govt taking care of the people. Today, we don't even bat an eyelid for losing hundreds of billions. But healthcare is no longer free and no longer cheap. We could not afford it. Or it would lead to abuses, the country will go broke. Strange tale isn't it.

I am branded, not like Prada or Luis Vuitton

Matilah has branded me as alarmist and even irresponsible for highlighting the high cost of H1N1 test. My fear is that some people will not seek treatment or test because the fee is too prohibitive. You only need 5 people infected and walking around, not seeking treatment, and you will have an epidemic in your hand. This is alarmist? Denis Distant also wrote to the paper on the same issue of cost. Not everyone can throw away $85 or $214 just to confirm if one has contracted H1N1. It is not cheap. Let me list down a few things of what alarmist is. 1. Voting an opposition party into govt will chase all foreign investors away. 2. Voting an opposition MP will turn the estate into a slum. 3. Holding a party in a park can be a security issue, maybe rioting going out of control. 4. Our wives and daughters may become maids if we vote the opposition in. 5. If we give handouts, the people will develop a welfare mentality, a crutch. I could go on and on. If I am alarmist, I am in great company. I am not in the naming game or else I would give matilah a brand as well. But that will be cheapo. When has matilah joined the branding clique?

Was it $214 or $124?

A couple of days back a forumer wrote to ST, I think, to complain about having to pay $214 for a H1N1 check in a govt hospital, or was it a privatised hospital? H1N1 is an epidemic that is going to affect the whole population. What if everyone finds this too expensive and refuses to seek treatment, how would the situation develop? What would happen if the people find our medical fees too high and choose to skip treatments for all their deadly diseases and sickness? Can we say, well it is their own health and it is their own problem. If they die, we can replace them with more migrants or with new citizens. What if the diseases they are infected were highly infectious? Would it become a crime for not seeking treatment?

Sweet dream turning into a nightmare

I was at this long queue of happy people waiting for our angpows. The queue was long but the people did not mind. The govt had announced that it would be giving out $2b worth of angpows to the people as part of the Sharing the Nation's Angpow Programme(SNAP). This was mooted several years back and was finally being implanted. Profits from the country's investment of our reserves would be shared with the people. At an estimated sum of $500b and a 3% return it would give a neat profit of $15b annually. Of this, $2b would be shared with the people so that the golden goose would not be killed in the process. Everyone was in the queue. And so was I. Then screams were heard and the queue scattered in all directions. No angpow, not for another 10 years at least. The fund managers need to earn back the $100b that were lost. Without the loss, $100b at $2b a year could be spreaded and given to the people for 50 years. Now we have to live with not angpows. The people were angry but that was how fate had dealt the people a nasty blow. We had a lot of money and wanted to make more. Through no fault of anyone, the world financial system collapsed on our investment. It was a sweet dream that turned into a nighmare. Then I woke up feeling pissed.

Najib making very bold moves

After his proposal for closer cooperation with Singapore, Najib is making even bolder policy changes that will test his tenure in the hot seat. His new changes on foreign ownership of private corporations and properties even surprise me. My earlier impression of him was that of a careful and not to ruffle feathers PM. His third bridge has already created a storm. Now the announcement of these changes could raise a typhoon if he does not have the backings of his cabinet. While these are good to attract more foreign investments, the question is whether they are enough? Is there any assurance that the next PM would not remove everything and back to status quo as before? Would the foreign investors feel confident that this will be the new Malaysia for the forseeable future?

Discrimination - Another point to add

Another major difference between Malaysia and Singapore is that in Malaysia, racial discrimination is official, legal and morally a right thing to do. Anyone opposing such discrimination can be threatened with bodily harm or attacked by mobs running amok. In Singapore, the official position is no discrimination. It is against the law. The govt is embarrassed by whatever little signs of discimination and took pains to explain why it was a necessary evil, a temporary one. When conditions are favourable, we can see that all discriminations will be removed in a matter of time. In Malaysia, discrimination is institutionalised, a way of life, official govt policies and will be there to stay.

Putin was furious

Putin has been on a warpath against the high cost of living in Russia. He yelled at the grocer for selling sausages at $11! To him it was too expensive though the grocer told him it was good quality. He was on a rampage and took it personally to bring down the high cost of living. I was wondering what would he say if he knew that the flats at Duxton Pinnacles that could be sold at $300K was sold at $500k because the market forces said so, because people were willing to pay for it? Maybe if he were a Singapore leader he would say differently, and said, 'Very clever!' Or 'Good for the economy.'

Discrimination - Malaysian and Singapore models

We have discrimination on both sides of the causeway. In fact we have discrimination everywhere across the glode. Let's just look at some of the pertinent features of the two policies that discriminate its citizens. Discrimination Singapore style, not spoken too loudly but strongly felt by the Malay community, cannot be denied or brushed away. Among the other communities, they can hardly complained about discrimination as they were very well treated with hardly any discrimination at all. If they are discrimination, it is positive discrimination. In the case of the Malay community, discrimination is in the area of appointments in sensitive and strategic military appointments. If one look at this closely, one will notice that the discrimination was more of a contingency arising from the difficult relationship between Singapore and Malaysia in the early days. The tendency for the Malaysian side to target Malay Singaporeans was an issue that cannot be treated lightly or ignored. That was the gist of the discrimination policy. It was not intended as a racial discrimination policy to begin with. For that, the govt has tried in other areas to compensate for it by adopting affirmative policies to give the minorities more assistance and attention. Our policies towards the minorities is to favour them when all things are being equal. In contrast, the Malaysian discrimination policies were to favour the majority, with affirmative policies for the majority and discriminate the minorities in practically all fields. The discrimination is widespread and pervasive and without any need of disguise or apologies. Our govt, when questioned about the military appointments, has always been awkward and difficult. Hopefully, with time and better relations with Malaysia, and the different pace and development, we will become two distinct people with very different aspirations and inclinations that will put all forms of discrimination as a bad dream of the past. It is unthinkable if we were to practise the Malaysian kind of discrimination here. The best part of it is that the minorities in Malaysia are resigned to the discrimination policies and the govt is proud and think it is right to adopt those discriminating policies. PS. Are we able to discuss this issue in a mature manner without punching at each other?

A transient society

Seah Chiang Nee wrote about the transient nature of our society in www.littlespeck.com. Everything is transient and changing, from the traditional kopitiam to the population. Soon the original Singaporeans will be a minority in the island, at the rate new citizens and PRs are coming in. The original Singaporeans built this island from the leftovers of what was a British colony. The vestiges of our colonial past are well preserved and would probably be there for a longer while. Some of the old buildings in the clusters of Chinatown, Bugis and Little India may still be there to remind us of our inglorious past. When most of the original Singaporeans are gone, would the new Singaporeans, the more materialistic and in a hurry to make it good, feel any emotion or attachment to the things of old? Would they just wipe them off and build another phase of modern and high tech infrastructure? Would they harbour any misgivings or distaste for the less able Singaporeans and their history and think of economic and material progress, and erase all our past for a futuristic Singapore? Things are changing fast and our progress and economic development are built on the premises of pulling down the old and rebuild into new. For there is hardly anything or land left to generate more revenue. So build, destroy and rebuilt will be the key to keep the economy going. Don't be surprised one day a new batch of Singaporeans, hungry for growth, will tear down Chinatown, Bugis and Little India for the good of the country.

Revamping the financial system

Chok Tong talked about the changes in the financial industry and the fear of unscrupulous or toxic products. Investors are returning to basics, looking for smaller but steadier gains like bonds, govt bonds, not any cheap bonds. With all the cheats and thiefs exposed, and the American govt watching them like a hawk, hopefully they will not be allowed to design another batch of fraudulent products to cheat the masses. All the sins and crimes orginated from the US though they were brushed aside as something of lesser evil. Evil they were. So, how would all these white collar cheats and crimes affect us? Today we read in the ST that SGX needs to compete for IPOs. We either compete for good IPOs or be content with sub standard companies that ended up as another bunch of frauds. The confidence among our investors have also been hurt badly by all these fly by night companies. Many have been suspended due to frauds that were dressed up as pristine companies with great growth potentials. And the parties involved in the dressing ups, making all the fees, are still at large, laughing all the way to the banks. This is only one aspect of the financial systems that need to be placed under the microscope. The other are the practices adopted by big funds that capitalised on their muscle and technology to exploit the system to their advantage, often leading to the destruction of values of stocks. Dubious trading strategies and methodologies that are contrary to the well being of stocks and the stock market must not be allowed to be practised in our stockmarket. The gains of a little clearing fee and the fictitious churning to give the impression that the market is alive and healthy is not worth it for the huge losses incurred by innocent and small investors. There is a need to revamp the way the stock market is operating.

Proud owners of a $3m dollar piece of space

How many of you are proud owners of a $3m or $1m piece of space in the sky, with 4 walls that you called home? I bet there are many out there, some willingly forking our several millions to have a little space fancifully dressed up and called high end apartments. High end or low end, it is a big chunk of money that people are paying for. Imagine how many more things they can do with that kind of money to better their lives and the lives of other people? But relatively speaking, the money they spent is only a fraction of their worth. They still have a lot to spare to live a great life. At the lower level, at the HDB level, many are paying a relatively higher portion of their income for that space called flat or home. Why do we have to pay so much just for a place to sleep? The joke now is that the people who really enjoy the expensive flats or landed properties are the maids. They are the ones staying home while the owners slogged day and night to pay for the flat or houses. For many who just have one property to live in, a 4 rm or 5 rm flat is still a flat whether you pay $200k or $1m for it. High prices are good for those who want to trade their homes. And if the cost of a flat can be reduced, the savings can be used for a better quality of life, to purchase many other things. What is happening is that the money is now locked in this little flat called home. It is a deplorable allocation of resources. Asset rich and cash poor, and little money left for other things. Is this a good model?

Strong wings and deep roots

Chok Tong is worried that we are losing some of our top students who went overseas for their studies. This is a drain on our small talent pool and it is important to bring them home to roost. In a way they are a consequence of our success, giving them strong wings to fly high and far, but not deep enough roots to stay put back home. Chok Tong is asking the schools to inculcate emotional values or bonds in the hope of keeping them with us. How much is emotional bonds anyway? The brighter and smarter the students, the clearer they see and understand the ethos of our society. It is all about how much, and not about emotions, sentiments or silly values like giving back to your country or serving the people. Everything is calculated in monetary terms here. There is no room for ties or intangibles. No free lunch, there is a price for everything, except compulsory National Service. Now who have been passing such values to the young? But what is the problem? What we lost we can easily be replaced with talents from China, India and neighbouring countries. And they are not only better talents, they are also more appreciative of what of the goodness of our country. They may be new here, with no emotional ties, no family ties, and short roots. But we know that they will develop all these that Singaporeans born and brought up here, with family ties, cannot. Singaporeans are ungrateful and unappreciative of what the govt have done for them. The migrants will be grateful and appreciative and will not go away for greener pastures. Is there any contradictions or any hypocrisies? Haven't we been very successful in buying foreign talents here? Now, why are Singaporeans running away? In numerical terms, for every Singaporeans that went away, we can bring in 100 or more. In hard cold numbers, in our calculative ways, we are net gainers. Where got problem? Soon we will have a strong migrant population in the majority, and bringing our country to a higher level of material success. PS. More pics of the Singapore River Festival in the blog link.

Notable quote by Gerard Ee

'Many social entrepreneurs do not understand that social enterprises are for profit. Some even feel guilty about it.' Gerard Ee Do Singaporeans understand the above statement? Or do they need further explanations on the purpose of social enterprises? They are set up for profit, yes to make profit. What charity, what helping the needy, what nonsense? There is no need to feel guilty about making profit. That is the reason for all enterprises, govt, social or charitable organisations. The rest of the reasons of how noble, how kind and compassionate, the need to help those who need help, are all a big bullshit. Ok, profit is not necessary bad. Profit is good, just like greed is good. But make profit for what or for who? Be greedy and more greedy, for what and for who? Now with so many professionals in it, they even coined the term venture philanthropy. They went in with the skills of well trained corporate executives and wielding knives as sharp as those of sushi chefs. Remember those organisations that collect a lot of money and were praised sky high that they were good? Even monks and priests are at it. If only they were not discovered and their dirty laundries washed in the open, they will continue to do what they knew best, and enjoy the perks of top class business executives. Today we have several pages of write ups in the ST glamorising the passionate and committed, and in tailored suit executives doing charitable work, helping the needy. I hope they were doing it not for profit. But what's wrong with that? They should not feel guilty about it if they were doing it for profit. I don't know how many of you will agree with my nonsense above?

The ridiculous nature of progress

Yes we are rich, very rich. Many people have gone pass the comfort zone and have time and money to be philanthropists. Actually I prefer this word to be spelt philantrophist. The piss sound in the first word doesn't do justice to the do gooders. Where am I heading? Oh yes, we now have excess money and energy to help more needy people. All our needy people are well taken of by the govt and the legions of charitable organisations in our midst. I do not know the statistics, but we could have more do gooders or charitable organisations per capita than any country in the world. What shall we do with so many good things? Spread them around, overseas, to help the world. And if that is not good enough, we can import poverty to live with us. This will give us more opportunities to explore our creativity and the compassionate goodness in us to help these needies. We must thank the importers of foreign workers for helping the do gooders in their cause. Let's import more foreign workers so that we can feed them and look after them. It is always a good thing to help others. Never mind if they came here in debt and without a job. We can all do our part to feed them. It is good for the soul. The MOM must be more generous in the issuing of WP and not go around chasing after them as illegals.

First brown General

The US took more than 200 years to welcome a black President. We took 44 years to produce a brown General. Not too bad actually. BG Ishak Ismail is the first Malay to be promoted to the general rank, at the age of 46. The world is changing for the better. Let's hope that he will beat a path for more able Malay soldiers to rise to higher ranks, and not because we need to promote them to fill up some quota or a public relations exercise. So far the reports on Ishak is quite commendable. As we move on, our Malay brothers and sisters should move on together as a people and share the progress of the nation. The able ones should take the lead and show the way.

Fake degrees in the Education Hub

We want to be the premier education hub of Asia. We want to attract hundreds of thousands of foreign students here to pursue their studies. We had a spate of frauds coming from the private school providers. Now we have more revelations of fake degrees being offered over the years, undetected. Undetected!!! My god! Could all these be avoided? Is it so difficult to weed them out before they even enrol the students? It cannot be that difficult than sending man to the moon. Alas, the squeaky clean and administratively efficient state is now no better than a third world country. How could we be an international education hub when such simple frauds like accreditation from reputable institutions can get pass so easily? It is definitely a case of negligent, no one or organisation being assigned to administer it. Another equivalent of selling toxic products. Come on Singapore, you can do much better than this, to allow such blatant frauds to exist right under your nose, Terribly disappointing. Exactly like the motor insurance fraud. Nobody's child, nobody's problem. Not my problem. Soon we will be known as an island of super first world infrastructure but operated by third world conmen and tricksters. This is a reputation we cannot afford to live with. Rip Van Winkle is still enjoying his nice nap.

2 more pics for viewing pleasure

Stop crying to papa and mama

There was this little tiff between Lionel De Souza and TOC of which the former complained to MDA about the contents in the latter's forum, claiming that the postings were harmful, bordering on perdition and sedition. MDA has made an official reply to the complaint stating that not everything or everyone should go crying father and mother to the authority. If anyone is not happy with the content, speak to the forum owner or moderator first. And MDA will only take action if the content is serious and damaging. Otherwise, grow up. The internet is there and will be there and MDA will continue to handle it with a light touch. Bravo, MDA!

Property sales and prices going up

These must be good news. And the better news is that more of the buyers are HDB upgraders, 46% of them. The actual number is 673 for the 2Q of 2009. It is good to note that HDB upgraders are able to move on to the private property market, thanks to the higher resale values of their HDB flats. The other side of the coin is that with resale prices going up, prices of HDB flats, new and old, will also move up accordingly. While the upgraders have the benefit of owning flats that are appreciating in price, the new buyers, those who have yet to buy a flat will have something to worry about. And with their income not keeping pace with the rising prices, the new flats that they are going to buy are going to cost them more. But they should not worry as there will be more new flats being built in the new towns. And if they cannot afford 4 rm flats, go for cheaper 3 rm or 2 rm flats. They must tailor their expectation according to their income level. This is only a reasonable advice. Would we reach a stage when our young graduates could only look forward to buying a new flat in a new town, and probably a 3 rm one as their income will not be enough for the bigger flats? We used to have graduates being seen as someone who have made it and on a career path that will lead to a better lifestyle. With the rising HDB prices keeping up with market prices, future graduates should attune themselves by lowering their expectation of bigger HDB flats or private properties in their first buy. Things are different now, and they got to get use to the higher cost of everything.

Singapore River Festival

Just a few pics of the Singapore River Festival that I shot.

Tan Kah Kee Station

How can we called an MRT station Tan Kah Kee Station? Who is Tan Kah Kee to deserve such an honour? Never heard of him or his contribution. A better name for that station should be Queen Elizabeth Station. This will remind everyone of the royal neighbourhood of Duchesses and Kings and royalties. It will also remind Singaporeans of the great contributions of our colonial rulers. These are the legacies of the neighbourhood according to Leslie Raj. Actually I don't care a damn about the royalties. To the many ignoramus, the piece of land which Hwa Chong sits was donated by the philantrophist Tan Kah Kee. That piece of land is as large and as far as the eyes can see. For those who only know the value of money, please count how many condominiums can be built on that piece of land, real prime estate. Tan Kah Kee's contribution was more than that, if one bothers to read the history of Chinese High School and Hwa Chong. Their existence came about by the spirit of the community to break the stranglehood of secondary education for our children when the British govt refused to educate them but only at primary school level to be clerks and office boys. The community stood up, led be Tan Kah Kee, to build the first secondary school for the Chinese community in this island. And Tan Kah Kee donated his treasured piece of land on which the school stood today. That is the legacy of Tan Kah Kee and Hwa Chong. And his contribution is not just in and around Hwa Chong. Tan Kah Kee is most deserving to be honoured by having the station named after him.

HDB lease buybacks is on

The first batch of HDB owners have opted for the HDB lease buyback scheme yesterday. The scheme will ensure that they will have a roof over their heads and an annuity payout for the rest of their life. By this scheme, these people would have some form of income in their old age, a replica of what CPF annuity scheme and minimum sum scheme were trying to do. So, does it mean that now these people do not need to buy annuity scheme or have their CPF locked up in the minimum sum scheme? To continue to retain their money in the CPF will not be accepted as good faith. People will now see the retention of CPF minimum sum in a different and negative light. The money must be returned to these folks as they have made provisions for their retirement and old age. To claim that the amount from the lease buyback scheme is insufficient and the need to continue to hold back to the minimum sum is anything but atrocious. No amount is enough if the reasoning shall go this way.

A proactive and caring govt - A big thank you

In the 60s and 70s, most of the population were living in wooden huts, squatters and cubicles in the city. Then came the govt to the rescue. They built cheap and affordable HDB flats at less than $10k in Queenstown for the people. When the people get richer in the 70s/80s, the govt started to build better and bigger flats, 5rm, executive and HUDC flats for the people. Then came 90s, people getting more prosperous. And the govt was pleased. They started to build condominiums for the people. All still quite affordable. Now comes 2000s, what happens, flats are now too expensive. People cannot afford to buy bigger flats. So comes the proactive and caring govt. It starts to build smaller flats, 2/3 rms and even 1 rm rental flats. The people are so lucky. They can always downgrade. Always a roof of their choice to befit their pocket. Very affordable.

Medisave - the magic cure

It is reported in the ST today that chronic disease patients managed their health better when allowed to tap on Medisave. In a study by the MOH, 'Diabetics, for one, experienced improved diabetic, lipid and blood pressure control over the two years... 46% had optimal control by the end of last year. And nearly 4 in 5 diabetics with initial poor control, had made improvements by the second year....As for hypertensive patients, up to 85% of those with poor blood pressure control made improvements by the end of last year.' These fantastic findings were due to they 'being allowed to tap on their Medisave for outpatient treatment.' Wow, Medisave must be a wonder drug. The MOH must allow more patients to dip into Medisave to improve their health. I was involved in a free health screening in one of the constituencies in the North. We were surprised that despite being free, and so many volunteer doctors, very few people came forward. So some of our volunteers went to one of the aged homes nearby to encourage the inmates to come forward. They were scolded by the oldies. Their reason, screening was free. But what about the followup and medicine that were prescribed after the free screening? They could not afford to pay for them. So they rather stayed put and gave the free screening a pass. The moral of the story is have money have good health. No money, poor health.

The greatest con game

This game is invented by the fund managers. They gamble with OPM, other people's money, and call it investing. When they placed a winning bet they pat themselves on their back and proclaimed how clever they were. When they lost, they still charged the investors a management fee. They cannot lose. Just like the doctors and lawyers, whether one is cured or otherwise, wins or loses a case, they are paid handsomely. But fund managers outdo the other professions by the way they measure their performance. They have a shifting or relative target, mark to market. If the market makes $1m and they make $1.2m, they are better than the market. If the market loses $1b and they lose $900m, they outperformed the market. In both instances the investors must thank them for being smarter than the market, and even reward them. The other trick which they invented is selective data. Choose a time frame or a specific area that makes money, just talk about it and ignore the rest that register losses. Or do some window dressing on a particular day of the month for book closing. Push up the prices before market closes to look profitable or lose lesser. I want to be a fund manager.

Is building 2 and 3 rm flats a sign of progress?

How many of you agree that building more 2 and 3 rm flats is a sign of progress? To me it is the clearest indicator that we are going down, getting poorer as a people. For those who are living in private properties, good luck to them. They are the people who are living well and progressing. What on earth is happening that we keep crowing about how rich we are and how much reserves we have and we are now launching a new batch of smaller and smaller flats? The uplifting of the lives of the people must be across the board, not just for the elite and the well endowed. As I have mentioned earlier, we went through a phase when everyone is thinking of buying the next bigger flat. There were hopes and aspirations. HDB even had to put into the back burner its building of smaller flats. The aspirations of the people is for a better and comfortable life, better and bigger housing. Today, the sentiment is reversed. A number of people are thinking of downgrading and many are actually downgrading. Even Wally Buffett is thinking of downgrading. And at the same time, people are buying their 10th or 11th property for their grandchildren or grandchildren's children. The divide is getting wider and wider. Many factors contributed to the people being unable to afford better housing. We all know why. Land is the most precious part of our limited resources. And if we keep on building to sell to foreigners and leaving the 2 and 3 rm flats for out citizens, will this lead to our own people being displaced or feel displaced in their own country? Are we for the betterment of our people or foreigners? What is the point of selling land and properties to foreigners, more profits for what? PS. Wally, the hell in Jalan Kukoh is not just the structural design. It is social, the people who are being displaced, who are desperate and with a mentality that can be dangerous to you and your family. Not all are like that, but all you need is a few and your life will be turned into hell. And in this modern slum of our first world city, the proportion of desperados are more than in other areas.

All bridges lead to JB. Why?

More opposing voices are being heard against the 3rd bridge. I can understand the people of JB for not wanting any bridge that does not go their way. I can understand all those with vested interests in JB, businesses, properties etc to want everything to go to JB. A 3rd bridge will only divert people and business activities away. But have they thought of the consequences of everything going into JB? Do they want a KL or our CBD in JB, when the place is jammed packed with vehicles and people and pollution? Could they not see any merits in diverting away traffic, people and vehicles that are not bound for JB, through other avenues, and bridges? Yes, the 3rd will not benefit JB directly but more for the east coast towns like Mersing, Kota Tinggi, Desaru, Pulau Tioman and all the islands, and also Kuantan and perhaps Trengganu and Kelatan. But JB will benefit from a cleaner and less congested city, less through traffic, less enforced travellers that must go through JB short of alternatives. The Federal Govt is right in looking at the big picture. Who will have the final say? I think not Najib. Another stillbirth.

Make yourself useful and work for life

Yesterday a Raymond Lo wrote to the ST to encourage Singaporeans to make themselves useful and they can be guaranteed of life time employment. His role model was LKY, who he quoted, at 86, 'MM Lee did, to a gruelling round of visits to Malaysia, meeting important personalities, gauging opinions and cementing ties. He has my respect and admiration because he does it for Singapore's well being.' In the same page a Kelvin Tan wrote to complain about the plight of his 81 year old father who was literally a football, being kicked all over the place and no one interested in his well being. The old man could not qualify for the Eldershield and need to be certified as 'disabled' to get help from the Interim Disability Assistance Programme for the Elderly(Idape). And it needs a simple process to confirm that he could not eat, dress, bathe or go to the toilet, move around and transfer from bed to chair. Kelvin Tan was able, and made many calls only to be pushed around too, with no solution to his father's plight. He was very disappointed. What is the moral of the two stories? 1. One must be useful. 2. One must be your own boss and have a job that is only yours, to work at your own time, to decide what you want to do and not to do. 3. No one there to breathe down your neck, to check on you and ask you to hurry. Why so slow? 4. The job must pay so well that you die die still want to work. How many of the taxi drivers would want to work to their 80s if they have a choice? How many cleaners, clerical staff, executives, mechanics, technicians or even professionals would want to work till their 80s if there is someone younger and fiercer yelling at them at every little mistakes they make? I would like to emulate LKY if I have that kind of job, or even be his personal blogger for the rest of my life for a pittance of a minister's pay. To be real, find something to do and enjoy doing it, like blogging or photography, and make yourself happy. No one to boss around with you and you decide what, when, where and how to do it. Happy blogging people. Forget about emulating LKY. Forget about emulating Nathan or Chok Tong. Find your own peace. But don't end up as a football to be kicked around, useless and unwanted.

Revelation of the MPs

In the follow up to the changes to the political system that is akan datang, ST has a full page report of the views of the ruling MPs on these changes. And the revelation is quite enlightening. Teo Ser Luck said this, 'We will be thinking in terms of national interest, and less about putting things across because of political points.' He was referring to the Govt Parliamentary Committees which were trying to serve as a check on govt policies in the absence of a significant opposition presence in Parliament. Both Ser Luck and Amy Khor probably share the same view that it would be a step back if PAP MPs were to censor their views just to toe the party line. For all these years, how much of the MPs views were party lines or to score political points and how much were based on national interests? The two positions may or may not be in conflict, but at times they could. The other interesting quote from Amy is that, 'When a PAP MP criticises govt policies, he or she is not doing it just for criticism's sake or playing to the gallery.' Well said, Amy. How many had been guilty of criticising for criticism's sake or playing to the gallery? Anyway, what is the point of having opposition views when they have no right to vote against the bills? Opposing views for the sake of opposing views or playing to the gallery of the public eyes? Can this be all there is to it? This is best answered by Charles Chong who said, 'Currently, MPs can say whatever they want,...The Party Whip - applies only during voting.' This simply means that the MPs can make all their opposing views, but when come to voting they must vote for the party line. Doesn't this smack of hypocrisy? When one is so against a policy but must vote for the policy? What is not very enlightening in the report is the comment by Dr Gillian Koh. She said, 'Gone are the days when opposition can say there are so few opportunities. No longer would that excuse be there.' She was referring to the increase of single ward seats from 9 to 12. Hmmm, what kind of logic is that? Didn't she know that once all the seats were single wards? So it is a great concession after taking away all the single seats and now say you can have 3 more from 9? Better say a big thank you to the govt for being so generous and magnanimous.

Putting a lease and tag on thieves and cheats

Obama is going to do it. Make no mistake about it, the thieves and cheats of the corporate and financial world must be leased and tagged and kept under observation. They have committed horrendous crimes against the innocent public and minority shareholders for too long, robbing, stealing and cheating under the guise of financial engineering, clever accounting and selling toxic products that were no better than snake oils. And practically none, only a handful, has been put behind bars. And who is to be blamed? The govt and regulators of course. They were either sleeping or in cahoot with these thieves, sharing their kickbacks. The Obama Administration is going to take the lead, to show the way, that a crime is a crime no matter how well conceived, how legally documented and how sophisticatedly worded and looking so real. The financial system has been at the brink of being ruined by these thieves and cheats. And one bunch is still happily singing and whistling as they go about cheating through a game that they cannot lose by sheer advantage of financial power and a set of rules of the game that are in their favour. I am referring to the hedge funds and how they are courted by stock market operators to participate in the market, to give a false sense of an active and healthy market, but at the perils of the small investors and shareholders. Obama shall not stop at just the corporate thieves and cheats, but also the hedge fund operations. Taking advantage of arbitraging is acceptable. Taking advantage of a trading system by its system weaknesses is unacceptable. And the fault does not lie just in the hedge funds but also the system administrators for creating a faulty or flawed system, an uneven playing field. Obama shall show the world how the bad systems, sold to the world as the best and workable systems, are really a scam, and let the little administrators around the world wake up to their follies of blindly following Wall Streets and the dictations of the big fund managers on how the system should be, of course to enable them to participate and exploit to their benefits. Just hope Obama is not bundled out as the forces stacked against him is huge and powerful.

From hot heads to wise old men

We have progressed over the last 50 years, and in two months time we will be celebrating 50 years of self government. During the early years of nation building, many of the ministry and dept heads were young and hot headed task masters. They howled and they growled to get things done. They were intolerant of mistakes and heads would roll at the smallest of errors. They demanded the best and no ifs and buts. In a way these were brash and rash men in a hurry to get things done. The room for errors were small. There were heads being given the boots for sending their peons to buy lunch or lottery tickets. Today, as we celebrate our manhood as a nation, we can see the change to a more mature people, civil and graceful. Mistakes were accepted as part and parcel of a job. No risk no mistakes. Big risk big mistakes. No sweat, another day's job. In a way we have grown to be kinder and more forgiving, a sign of maturity and age. We have arrived as a rich and graceful people with plenty of botok on the face, full of forgiveness and compassion for the people. No more hot heads in charge, but plenty of Yodas.

I Sultan

Najib could not have gotten a worst start in his attempt to stamp a mark as PM with a new approach on how Malaysia should be managed and its relations with Singapore. He started with lots of promise for cooperation and development, and to do away with the time consuming and unproductive politicking of Mahathir's days. Unfortunately in his haste to get things moving, he forgot that there are Sultans in Malaysia. And Mahathir's way of by passing the Sultans is over. Building bridges, straight or crooked, is not a simple affair and the Sultan must be consulted. Now, before anything can happen, the Sultan has made it clear, I Sultan, cannot be ignored. I am still around and kicking. How is Najib going to negotiate this mountain is going demand the best political skills from him. And his key party members are starting to voice their opposition to the idea as well. On hindsight, LKY should make it his last stop at the JB Istana for dinner before coming home.

Scoring hospitals

Lee Soh Hong, an accountant, started a website to monitor performances of public hospitals by feedbacks from the public. If this is taken positively without fear or feeling under scrutiny, it could go a long way. No one likes to be publicly scrutinised or have a complaint box ready to receive complaints about them. But this will be the trend as customers wise up to their rights and demands better service for the money they are paying. I was at the NUH for a couple of occasions recently and have made some observations. We have very good medical and support staff manning the institutions, especially the doctors and nurses. We have the best and most modern equipment available. But they are not perfect, especially the software. I feel that they need to have someone full time to look at the software aspects, on how to take good care of customers and their needs, not just medical alone. The quality of the medical care is a given. It is the small nitty gritties that are still found wanting. I did mentioned in the previous post about the PA system. Maybe it was because of some restructuring and relocation due to the H1N1 crisis. Even then a little thought will have make things easier and friendlier to the customers. When I raised this to the staff who was trying his best to help, he told me to write in. This amazed me. Why my on the spot feedback was not enough for him to raise it internally? Why is it that feedback must be written officially for it to be acted on? The other part that I want to repeat is the appointment time and when the patients will eventually be seen by the doctors. After 30 or 40 years, we are still seeing patients having appointments at 9am and seen at 10 or 12 noon. The wait is unnecessarily long. Perhaps there are good medical reasons to do so. To a patient, going to the hospital early and having to wait and wait is bad. In my recent encounter I find that if the staff were to put more urgency or priorities in clearing the patients and let them off over some routine paper works, it would surely help. Spending 5 or 6 hours waiting for a treatment which often ended with 10 or 20 min with the doctors is very difficult to justify. Attempts should be made to cut down this waiting time as many people's time are wasted unnecessarily. My comments are from someone looking from the outside. There must be good reasons to drag the procedure for hours. If not, then the long waiting time is unacceptable.

The new sandwich

While we are seeing the fading away of the old sandwich class, it is surprising to see the emergence of a new sandwich class. Is this new sandwich necessary? The old sandwich came from a period of adject poverty, when educational level was low and many were caught in the low income trap, from parents to children. The short job cycle and the formula of retiring at 55, which was necessary in many hard labour jobs, resulted in many with little savings. The children would have to continue to provide for the old folks and their own children. Today, has the picture changed? Many with families are likely to own a flat, have some CPF savings and with children that are having bigger income. Relatively the people today are much well off except for the dysfunctional families, the remnants of the illiterate and ignorant generations and the squanderers. The problem is or should not be pervasive. Why the need to legislate laws today to create another sandwich class by compulsion? What went wrong? One possibility is the breakdown of the family and family values. The children do not see it their responsibility to look after their aged parents. Of course this is only a generalisation and may not affect too many. Then there is this ‘heart willing, pocket not willing’ situation when the cost of living has made caring and looking after a small family that much more costly financially. And to pay for and look after children and parents simultaneously is not an easy option for many. Law or no law, if the pocket is empty, there is not much that can be done. Isn’t it an irony that in today’s context, with so many levels of protection and provision, the oldies should be happily retired without having to be a burden to children and society. What causes this failure to see our olds retiring to the sunset amply provided? Or retiring to the sunset is a fleeting dream? How many will turn into sour sandwiches, unable to look after their own families and legally bounded to look after their parents? I think if this is becoming such a problem, we have failed as a society to give the people a better life. Too much money and resources are wasted in maintaining a costly lifestyle and with little left to look after parents. Can we then blame the new sandwiches for failing to be filial or were they the victims of circumstances that were promoted as the good life?

Euphoria lost even before LKY is back

I read some of the comments in the ST about the responses and reactions of Malaysian politicians on the LKY visit. Khairy, Anwar and former minister Idris Haron and Johore MP Shahrir Samad were quoted and all were very negative. Even Najib's proposal of a third bridge was attacked as a useless idea. And Khairy stood firm in not selling sand to Singapore. Oh, according to Shahrir, the third bridge is unnecessary as the two bridges were not fully utilised. How come he did not say the crooked bridge was unnecessary for the same reasons? Anyway, Najib is going to have a hard time if his cabinet or MPs were to stand against him. Luckily the third bridge is not Singapore's idea. And the killing of the idea of selling sand to Singapore is as good as calling everything off. The LKY trip started very promising. Now it may become another wasted effort. No fairy tale ending. Just a fairy tale.

Sorry guys/gals

My apologies for not posting anything today. Was at NUH with the missus. Unfortunately the Singtel Wireless reception was poor and can't get my article out. Will post it this evening. Title is New Sandwich.

No he won't shut up

On the tail end of the LKY tour of Malaysia, Mahathir had to let go his pent up feelings. He left it to the last day, a courtesy, or knowing that LKY did not have time for him? He harped on the perpetual issues of Malays losing out, of selling water cheaply to Singapore and how important Singapore has become. He will never die in peace if he cannot get these issues out of his system. It must be very painful to him. Were his fears real or imagination? Every country will strategise their policies with themselves as the centre of the universe. Is that anything new? As for selling untreated water to Singapore at 3 sen, he did not comment that Singapore sold treated water to Johore at a special price in return. Changing one will have to change the other. And the Iskander project, other than the fears of bumiputras being marginalised in their own country, think deeply, is it possible in today's context? This was possible in the pre independence days of colonialism. Today the bumiputras are in control of the country. There are their own masters. And from the economic point of view, if Malaysia cannot remove the blinkers and think that foreign investors will go there, throw their money in and leave everything to the Malaysians, without leaving any traces of their presence, they can give up their dreams of attractive foreign funds. When foreign investors came, they will bring everything, money and their culture and presence. And they want to make profits out of their investments. And Malaysia would naturally want to benefit from their presence. But Malaysia cannot blame the foreign investors for raising the cost of living, fighting for all the space and services, buying up their properties etc etc. These are part and parcel of the bargain. There will be more Singaporean cars and Singaporeans all over Malaysia if they want to promote tourism. And there will be more jams and ugly Singaporeans. If that is something they did not want to see, then it is better to close the door. Malaysia will now have to reassess its position without the fears and threats of a Mahathir mindset. To move forward and embrace the world, or to remain as a kampong?

A 6 hour experience at NUH

This is one of our world class hospitals. This was the first time I had the opportunity to observe it at close quarters, for a solid 6 hours. I was at the A&E dept to admit someone. I must say the facilities were first class. And the front line staff were also first class, very helpful and pleasant to deal with. We are in Yellow state of H1N1 and they were all geared up for it, with new areas being provided for visitors as a result of this flu threat. There were ample seats at the waiting area, free distilled water, and fans to cool the temperature. The latter didn't work much in the current hot spell. Warm air blowing. Two areas which I found wanting is the PA system. The sound was not clear, maybe it was outside and the acoustic wasn't good. What is not too good is the instructions given. Everytime they called out for the visitors to be at the counter or somewhere else, they presumed that the visitors know where that place was. In many cases the visitors, probably first time there, did not have a clue where they should be going to. I was there for 6 hours and tried very hard to figure out the instructions. I felt victim to it too when my turn was called. I went from one point to the next in a blurry way. Go to that counter, over there. Without the H1N1 precautionary measures this may not have happened as everything, every counter, is inside the department. For the moment, the visitors have to stay outside the building and make do with the temporary measures. Oh, in case of patients who have been there for several hours, more feedback to their family members will be welcomed, at least to let them know how many more hours they would have to wait and in the mean time they could go for a snack or do something else. I waited patiently for 6 hours. Only the first hour was I given a short brief.

I work, so I am

Several years ago someone asked me when I was going to retire. It was a normal course of event. People stopped working at 55 and retired. I am still working, more of a necessity than anything else. Over the weekend I heard of this friend who is going to ask for extension of employment. He is in the mid 60s. He is not the Ah Pek that needs a job to pay for the next meal. He is a CEO of a MNC. Why would he want to continue working at that age? His children are on their own. He had not only bought them a car each, but also a landed property each. And his own net worth is easily $20-$30m. Doesn't he want to spend the rest of his life playing golf, sail or travel around the world, doing things that he did not have the chance to do before, playing with his grandchildren, or become a small emperor in Bintan, Batam or JB? He cannot retire, and he must not retire. He does not want to be known as a retiree. It sounded as if he is a worthless man, a retiree! Many of these successful and multi milllionaires may have fallen into this same situation. The fear of retirement and the loss of their big titles. They want to be known as CEO, Director or Chairman of this and that. Money is also good, for some, for doing nothing. And there are all the perks and the names and name cards to throw around. All these people will work until they die. They live to work and work to live. That is their meaning of life. The only reason to justify their existence as a human being, to work and work and work. Perhaps we should glamorise the title multi millionaire or billionaire and people who are so rich should print it on their name cards as a status symbol. And they can add in the phrase, 'I don't need to work.' I like to gripe about people not knowing how to die gracefully. Now there are all these successful people who can afford to retire gracefully to enjoy a life with newfound freedom that money can buy. But retire they not.

The white mice experiment

There was this experiment done in the past on population control. The guinea pigs were the white mice. What the researchers did was to introduce white mice into a cage. The white mice were happy and quickly multiply as there were abundance of space and food. The mice were healthy and vibrant. As the population keeps increasing, the vibrancy increased and it seemed that the mice were also getting happier, working harder and running faster. Then a point was reached when the population grew too large and you could notice the unhappiness and the difficulties to find space and food. And the mice started to look hungrier and angrier and less well fed. They need to fight with each other for every inch of space and every piece of food in the cage. And tension rose. But vibrancy was getting higher and more exciting. This went on undisturbed. Soon rioting and fighting among the mice were a normal and frequent activity. The final part of the experiment saw the mice eating each other for food when food ran out. Today, our 6 million or 8 million population target has not been in the news for a while. So quiet. Will we still be heading in that direction? Will the population end up eating one another? It would not be white mice eating white mice. It could be white mice eating black or grey mice or vice versa. Is that our destiny?

The changing colours of Malaysia

I wonder if any of you notice this subtle change in Malaysia over the last couple of years. There is change in the making in the mindset of UMNO. I am not referring to their racial politics. I am not referring to the fading era of Mahathir. There is a physical change, the choice of ceremonial colours. It used to be green. The new colour is red. UMNO is turning red, even in their party uniforms and colour. Would this mean anything? China was red but turning more blue. The Americans were blue but turning a little red. The Islamic states were green and so was Malaysia. But Malaysia is turning red. Indonesia, the most populated Islamic country, has always been red. Malaysia has seen the passing away of the second generation of political leaders when Mahathir left. Badawi was the transition stage. Now we have Najib, Muhyiddin, Hamidi, Hishamuddin and several other new generation leaders in the driver's seat. Hamidi and Hishamuddin came from UMNO youth and cut their teeth as ultras, riding on the cause of championing Malay supremacy to power. No one can fault them for taking those stands when young and full of fire in their bellies. Have they matured while rising to their present positions and able to see the bigger picture, the longer term of socio economic development and progress for nation and all? Today's report concluded that they are fully behind Najib to work with Singapore for the good of both countries. Such developmental approach, a break from the berserk politicking mindset of the past, is a big step forward. If they are to pursue this earnestly, instead of wasting time politicking to score empty victories, the relationship between the two states will have a long way to go and both will benefit along the way. Between the two countries, there are more to learn and gain through cooperation and working together to better the livelihood of the people of the two states. For this to be true, to materialise, serious and conscientious effort must be made to change the whole psychic of the people both in the corridors of power and the kampong folks. Will Malaysia be able to transform itself into a vibrant economic power, or will it still stick to its kampong mentality, living in a fast pace modern world but led by leaders with attitudes and mindsets of medieval kampong chiefs? Is the changing of colours a sign of real change, deep seated change, or just cosmetics?

A better public transport system

Our public transport system has improved since it was privatised. If it still remained as a stats board, it will continue to crawl at snail pace. That is if one believes the mantra that privatisation will naturally lead to efficiency and profitability. I don't believe a little wee bit in this stupid assumption. Neither do I believe that a stats board will be inefficient simply because it is not privatised. How efficient is an organisation depends on the top management and the will to make it efficient. Even low pay can be efficient but not for long as the underpaid workers will leave for greener pasture. Political will or management will, is the key to efficiency. The other point is the unimaginative mindset that an efficiently run public transport system must be packed with commuters and Tokyo is the standard to live by. The train and buses should be made a preferred mode of transportation by being fast, efficient, clean and comfortable. Not being squeezed and forced to smell everyone's body odour. A little lesser profit or less profit minded may be the reason for an overhaul of the public transport system. And with the pandemic of H1N1, our trains and buses are death traps. One person can literally infected the whole train or bus. The more compact and crowded, the more will be infected. Hygiene and health consideration must take priorities under the current flu crisis. This could be the cause of why New York and Melbourne are now so deadly, the centres for the spread of H1N1 viruses.

Straits Times wins 2 Asian publishing awards

2 premier awards, one for Excellence in Reporting Breaking News and one for Excellence in Business Reporting. And the winners were Carolyn Hong, Reme Ahmad and Leslie Lopez! How come the names are so unfamiliar? Oh, they are our correspondents and bureau chief in KL. And the news they covered was the Malaysian General Election. I thought our local correspondents covering our General Election were equally deserving for the voluminous pages they put out during the election. And the news were fresh from the oven. In the citation for the KL correspondents, the judges praised them for 'smart, balanced election reporting'. Ok, we missed the chance this time. Maybe next year we will win some awards for the coverage on the Aware Saga. This was the hottest news of the year with great interests from the people and working up the senses and sensibilities. It was some news that was really newsworthy.

Foreigners are grabbing properties again!

I was wondering whether to put this in the thread, 'Signs of Progress' or 'Signs of Decline'? Property prices are sure to surge. Property developers will be laughing all the way to the banks. The govt will also be laughing as it will be able to launch more new sites for sales. Property owners, especially the private properties, will be in glee. This will trickle down to the HDB owners. Yes everyone will be happy if they are already property or HDB flat owners. Can charge higher rentals too. What about those young people who have yet to buy a HDB flat? No worry. If cannot afford 3rm, buy 2 rm flats. Buy according to how deep is your pocket. See, everyone will have a roof over their head. And it will be still Swiss standard, though smaller. And the advantage is that smaller area to clean. Progress!