The Awakening

Until 20 or 30 years ago, being Chinese is very uncool, very embarrassing and even shameful. It is a race that has been condemned by the West and bullied by little Afro and Asian countries. It was a poor ancient civilisation that has nothing going on for it, militarily weak, impoverised, inferior in science and technology, even in agriculture. It was struggling to be a nation, a very huge developing country of the hungry third world. Its citizens still trying all ways to escape to any foreign land, away from a harsh communist govt. Its Chinese diaspora quietly and humbly minding its own business and trying its best to earn a living through trade and business. No high ambitions as keeping a high profile will only attract unpleasant attentions. The Chinese were best described by the Westerners as non descript, inscrutable businessmen, lacking in character and talent. They all look alike. They were the natural target to be ripped off, to suffer discrimination, oppression and extortion at all levels of society they happened to reside. The best way to survive was to lie low, find a strong political leader as a godfather to protect their interest, and pay him well. Many Chinese were ashamed to be associated with anything Chinese. They discarded their language, culture and customs and willingly embraced Western culture to look respectable, and claimed to be international citizens of the world. Unfortunately they were only bluffing themselves. No one believe that they were anything else except Chinese. They could not believe that they have Chinese written on their faces even if they speak perfect English or American, and wear branded clothes. They were repeated victims of racial discrimination and violence. In a short span of 30 years, China is now the second most powerful country in the world though it still insists that it is a developing country. The Chinese who were running away are returning home to contribute to the rebuilding of their country. There is not only new found wealth, but new found pride and confidence in being Chinese. The returnees were not down and out failures but successful entrepreneurs and technocrats, scientists, doctors, academics, etc. armed with the latest knowledge and skills they have acquired to do their share for their homeland. China too is confident enough to open its door wide, and Chinese citizens are free to come and go. Not only the Chinese were returning, the Chinese diaspora who have left the country decades and centuries ago are also returning, rediscovering that there is nothing wrong being Chinese. They too are awakening to a new world where Chinese is no longer the shameful and inferior people of the world, fit only to be coolies, cooks and laundrymen. They are rediscovering their roots and their history and culture. The Westerners are also starting to learn Chinese to understand and do business with the Chinese. Chinese has become an increasingly important international language. While the West has just begun to learn Chinese, the Chinese are learning English in a big way. English is a very important must know language in China. In no time, the mainland Chinese are going to be proficient in both Chinese and English and will be well placed to benefit from the advances of science and technology. What have changed or contributed to this dramatic transformation of the world’s political and demographic map? Were the new Chinese aliens or just the same as their poor peasant predecessors? Where were they during the 300 years of dark ages in China? There were no talents then! Now everyone is saying that China is full of talents. Put simply, the Chinese were victims of minority rule during the Ching Dynasty. The Manchus were just a hunting tribe, like the Mongols, and ruled China with their muscles and swords. Culturally they were inferior to the Han Chinese but chose to oppress the Han Chinese for their political interests. The drive and enterprise of the Han Chinese diminished and many were impoverised when the dynasty collapsed. Those who escaped had to eke out a living in foreign land and subject to all kinds of harrassments and obstacles put in their ways. They were shackled people, and had no one to fight for their rights. They were suppressed, exploited and degraded in all fields. The Manchus were bankrupted, weak and helpless. And when the communists took power, the overseas Chinese were natural victims of the Cold War and continued to be marginalised in their new countries. The Chinese of today are no longer oppressed in their homeland and everyone is free to live their dreams and their high aspirations, at least constitutionally. Internationally, the victimisation and discrimination have lessen and they were able to break through in many fields of endeavours. The Chinese today no longer feel ashame or fear to be known as Chinese. And with a world that is freer and with racial discrimination and prejudices breaking down, there is little to hold back the individual Chinese to live their dreams and be treated more fairly everywhere they go. Relatively speaking, things are getting much better for the average Chinese and the diaspora in their new countries. Still there are many countries that would want to continue to suppress and oppress the Chinese and their drive, and to rob them if they could, or to commit racial genocide at the slightest excuse. But there is a new hope and a new awakening.

The goodness of derivatives

I have been against derivatives in the stock markets and the financial systems for its high leverage and extremely high risks. The US subprime loan crisis was a result of the same instrument being packaged as very attractive long term cheap loans but sold several times over on a single diluted asset. In an article in the ST today, it was revealed that Goldman Sach was instrumental in saving Greece from its huge debt and still able to keep on spending more. Ingenious is the word. The process is very simple, offered a loan and lengthen the repayment period for as long as possible, and make repayment looks very affordable, maybe over 30 years or 60 years or even 100 years. And the loan was not recognised or recorded as debt in the accounts books. So no debt or debt free, while actually being weighed down by a mountain of debt. Such instruments of deferred payment to the unknown future, maybe the next generation to repay, will come in very handy in any country that thrives and encourages forward spending, or taking huge loans. It is the basic principle of spending now and pay latter. And borrowers were convinced that the future is always brighter and tomorrow will be better. So go spend now, with future money. Our high mortgages in our affordable housing ballon is built under the same premises. Young people are encouraged to take huge housing loans in the millions under the belief that their future income will see them through. At 30% of two incomes repayable over 30 years, it is actually 60% in debt. As employees earning a salary, no matter how capable they are, the chances of losing their jobs or incomes is always hanging over their heads like a swinging axe. But now they should not worry if they can rely on derivatives or swap instruments for help. Financial institutions should design more of such instruments in preparation of a surge in demands in the future should the economy take a dip and unemployment rises. Under the principle of future income, looking into 50 or 60 years ahead, they can design instruments along such lines. And the borrowers can happily go ahead and spend more, and borrow more. Derivatives and swap instruments will be the saviour of the day. Greece is saved for the day. Ooops.

The exodus has begun

Over the last couple of weeks, probably 100m Chinese from the Chinese cities and overseas have made a beeline home to their little villages and towns to be with their families during the Lunar New Year. Several hundred thousands of Malaysian Chinese too will make the same pilgrimage home to be near to their loved ones, to renew that familial ties, to stay and keep in touch with papa and mama, grandpa and grandma, brothers and sisters, and all the aunties, uncles and nephews and nieces. Isn't that cool? No, it is not cool according to some of our young Singaporeans. What is cool is Christmas at Orchard Road and parties in Mohammed Sultan and Clark Quay. Chinese New Year or other religious festivities like Deepavali and Hari Raya are uncool, so commercialised. There is no party spirit to talk about, just some ancient cultural practices that are irrelevant to the sophisticated and westernised Singaporeans. The opening of Universal Studio in Singapore must have been their lives complete. Indeed cultural festivals and holidays have gone too much the way of commercialisation. The ST also helped to publish the going rate for wedding angpows and Chinese New Year angpows. It is $20 for children or $8 for friends. I have 30 nephews and nieces and grand nephews and nieces, how much would that cost me. I will need another income to fill up the red packets. What $20? I have heard of $1000 per angpow and anything less than $100 is embarrassing to pass to the young ones. Now I am feeling embarrassed as well. I believe the Singaporeans are now waiting for the govt to come out with some rules and guidelines on how much to put inside the angpows. Or maybe the Chinese Chambers of Commerce or some big and reputable Chinese Associations could help to lay down the ground rules become angpows become too commercialised that those who cannot afford to stuff in a small fortune will be too embarrassed to offer them to the young. Come to think of it, it will be better to celebrate Chinese New Year without the angpows, just party and have a good time in the clubs or at Orchard Road.

So is New York and London

We live in a multi racial and multi religious city. So is New York, London, Paris and many other big cities around the world. Why are we being hit by regular inter ethnic and cross religious intolerance and irritations? Or why are the residents here getting so intolerant and unbearable of people of different colours and beliefs? Three young men were arrested for posting insensitive racial remarks over the net and one religious leader were hauled up by the ISD to drink kopi. And we believe everything is normal though the tension is simmering beneath the surface of a false smile. We have 45 years of continuous effort in nation building to gel the people into Singaporeans, to think, act, live and behave like Singaporeans. Have we succeeded? I thought we have, or at least up to a decade or two ago. We have invested in a lot of time and effort to break down racial and religious barriers among our citizens and were quite successful until the recent influx of foreigners. The huge numbers of new residents and their unfamiliar ways of life and behaviour would definitely rub the wrong side of some citizens who are a bit more sensitive. And the new residents too would find us strange and perhaps unfriendly towards them. We want them to be like us, and accept our ways of life. They want us to be more tolerant of their ways of life and even see things the way they want it. There will be such forces pulling and pushing against each other. We even have new residents questioning why Lunar New Year or Christmas is celebrated in such big scale while other holidays were not. Soon they will want things their ways and demand more from the already accepted norms and ways of life here. The equilibrium will be changed, or will be tested and challenged. Will the natives accept such challenges meekly or will they be so pissed off with the new residents or citizens and come to a face off? We started to have this dangerous broth of multi racialism and multi religion under the British rule. They were not concerned about the consequences except their economic and political interests. And they also have the gun to deal with any dissident or trouble maker the colonial ways. Also the poor immigrants were ignorant and have little rights to talk about. They accepted their fate, live peacefully to avoid trouble and keep clear of the laws. Today we consciously decided to add more mixes in the broth. Today they talk about rights and privileges. We have new residents that are educated and know the laws and demand more rights or they will not come. They are seeing themselves as our saviours, not coolies, and will not care how the natives feel. They even feel slighted and unhappy because our walkways were not designed for their prams and convenience. And they will tell you right in the face. We will have to live with the consequences of all the new faces and residents and their demands on the meek natives. The meek shall not inherit paradise. Maybe we shall learn from New York and London on how they keep their foreigners quiet and not to cause trouble to the locals. They must know the way or else they will be plagued by all the spurious demands of the immigrants in their midst. Have we solve our foreigners versus natives problems, or they are just waiting for an opportunity to blow up? Shall we invite more foreigners to have more buzz in our lives? Don't worry, they have already brought in the buzz.

My Money My Vote

Come the next General Election the people should think carefully on what they want and who to vote to represent them. I will be voting for my money. Who ever is protecting my money will have my vote. I will not be voting for people who want my money and also my vote. The people must wake up to the fact that the money in their CPF/Medisave is their money and no one shall have designs on this money. For too long, people have been quite callous in thinking that the money is there for them to take. In the name of, for the people’s good, thinking and planning for the people’s good, they just go to Parliament and legislate away the people’s savings, to keep the people away from their savings. The next election is the time to put a stop to such haughty ideas and attitude. Let them know whose money it is. And let them know that they should piss off and stay away from the people’s money. Watch Parliament and see which MP is still entertaining such ideas. You vote for MPs to represent your interest and protect your money, not to take away your money, no matter how good is the proclaimed intention. Please do not plan the people’s lives with the people’s money. The people will be very grateful if the plans are with public money.

When Singaporeans stop complaining

No one likes to hear complaints. No one likes to be the object of complaints. In cybespace, we have complaints everywhere and on many issues by Singaporeans. Complaints against the high cost of living and high property prices are rampant. Is it good or bad? I think it is good. For when Singaporeans stop complaining, it means that they have given up, they no longer see anything here that is worthy of belonging, that they no longer belong or want to have anything to do with this place. In short, they are opting out. When Singaporeans no longer care about their country and its well being, no longer care about how it is turning into, that will be the sign that it is coming to an end. Such a state of affair was best described in the last few years of Hongkong before 1997. Everyone gave up and prepare to run with whatever they could grab. They had forsaken Hongkong and abandoning ship. Just listen to the complaints. When it is silence....

High demand for HDB flats due to immigrants

The most authoritative political writer of the ST has given her take on the high demand and high prices of HDB flats. Chua Mui Hoong has concluded that it was due to high demand, particularly from the immigrants. She quoted figures to support her conclusion. 25,000 couples marry each year. Over 7,000 couples file for divorce annually and some may need a new home. In 2008, nearly 80,000 granted PRs and 20,000 given citizenships.The number of resale transactions in 2009 was 37,205, a 31% increase over 2008. Were her figures convincing? I think so. And she must have got them from official sources, not from the gossip circles. HDB has replied a few days ago that the cries of demands were misplaced as demands were not high and they have enough supplies to cater for them. Everyone who applies will get a flat in 3 years! And inspite of saying that, HDB is ramming up the building of more flats. I think if the demand is not there, the high building programme will end up with over supply. But then again no. Only those who have registered are considered demands and when there are enough demands then only HDB will build. Somehow HDB is missing something. Chua Mui Hoong should present her statistics to HDB to let them have a better look at the overall picture of population growth. But it may be of no use as the numbers may not be translated into genuine demands if the immigrants did not apply to HDB. So, who is wiser?

Are we better off?

An analysis of the UBS study: Singapore has the lowest wages and domestic purchasing power among the Asian Tigers By Eugene Yeo, Consultant Editor The worldwide study conducted and released by UBS lately, titled “Price and Earnings 2009″ has some unflattering results for Singapore. (download the study here) While our economy has the highest GDP (PPP) per capita in Asia at $49,288 according to a World Bank report (source:Wikipedia), our people do not enjoy a quality of life which commensurate with it. Though we are technically a developed first world country, some economic indictators as shown by the UBS study suggested that Singaporeans are not that better off than those in Third World countries. Low wages Singapore has a GDP (PPP) per capita higher than Switzerland, but our wages are way below the Swiss. The UBS study found that employees in Copenhagen, Zurich, Geneva and New York have the highest gross earnings. With its extremely high gross wages and comparatively low tax rates, Switzerland is a very employee-friendly country. The net wages used have been deducted for taxes and social security. Zurich and Geneva have wage indices (gross) of 119.8 and 107.5 respectively. In contrast, Singapore has a wage index of only 31.3, comparable with Moscow (30.9), Tallinn (28.7) and Johannesburg (26.7). In the Asia-Pacific region, it is exceeded by Tokyo (83.0), Sydney (74.1), Auckland (44.1), Hong Kong (42.3), Taipei (35.5) and Seoul (32.3) Low domestic purchasing power Where does an average income buy the most products and services? Wages alone do not determine the standard of living in a particular city or country. A better way to measure prosperity is to divide the average annual salary by the total price of a selected basket of goods and services (as used in the UBS study). This tells us how much purchasing power local wages. Again, Zurich (106.9), Sydney (95.9) and Luxembourg (95.4) topped the list – its citizens have the highest domestic purchasing power. Singaporeans have a low purchasing power of only 39.9, comparable to Kuala Lumpur (39.5), Warsaw (34.0) and Bogota (33.7). Other countries in the Asia-Pacific region which are ahead of us are Tokyo (82.2), Auckland (68.9), Taipei (58.9), Hong Kong (58.1) and Seoul (57.4). In other words, though the cost of living is higher in Tokyo, the average Japanese has a domestic purchasing power more than twice that of an average Singaporean. Though Malaysia is still a developing country and has a GDP (PPP) per capita of only $14,215, less than 3 times of ours, the ordinary Malaysian citizen has about the same domestic purchasing power as the Singaporean. Low relative purchasing power of wages This is calculated in the UBS study by using a specific, highly uniform product that is available everywhere in the same quality, and then calculate how long an employee has to work to afford it in each city. For the purpose of this article, the iPod nano (with 8 GB of storage) is used. An average wage earner is Zurich and New York can buy a nano from an Apple store after nine hours of work. A Singapore worker will have to work three times longer after 27..5 hours. The figures for selected Asia-Pacific cities are as follows: Sydney (9.5hrs), Tokyo (12hrs), Auckland (16hrs), Hong Kong (19hrs), Seoul (22hrs) and Taipei (23.5hrs). Again we came in last among the 4 Asian Tigers. Long working hours People work an average of 1,902 hours per year in the surveyed cities, but they work much longer in Asian and Middle Eastern cities, averaging 2,119 and 2,063 per year respectively. European cities had the lowest working hours per year. A global comparison showed the people in Lyon and Paris spend the least amount of time at work: 1,582 and 1,594 hours respectively. Singaporeans spent on average 2,088 hours at work per year with 11 days of vacation. This is less than Hong Kong (2,295) and Seoul (2,312), but more than Tokyo (1,997), Taipei (2,074), Sydney (1,747) and Auckland (1,884). Singaporeans also took the least number of holidays after Hong Kongers (10 days/year). High cost of living Singapore was ranked the second most expensive place to live in after Tokyo, surpassing Hong Kong for the first time. Let us compare the food prices in Singapore and other developed countries since food is a basic necessity. In the UBS study, a basket of 39 food items is put together and weighted mainly according to Western European consumption habits. The average worldwide cost of the basket is USD385. In Asia, Tokyo topped the list with an index of 124.7, followed by Hong Kong (96.5), Singapore (89.4), Seoul (89.0), Taipei (67.9) and Sydney (66.3) Conclusion The high cost of living coupled with low wages and domestic purchasing power condemns the average Singapore worker to an ignonimous, monotonus and stressful working life. Singapore workers have to work harder to earn the same amount of money and save for a longer period to purchase the same product. In 1991, then Prime Minister Goh Chok Tong promised Singaporeans that we will be able to achieve the “Swiss standard of living” within a decade. Ten years later, we have a living standard which is closer to Russia than Switzerland. Like Singapore, the Russians has a low wage and domestic purchasing power and Russia, especially the city of Moscow, has one of the highest cost of living in the world. The above article was emailed to me and I am not sure which paper was it published, most probably the ST or Business Times.

Consequences of grade inflation

More letters are pouring in and more grouses will be heard when 6A1s and 4A2s are not good enough for admission to Hua Chong JC. And the same thing will apply to admission to Raffles Institution. Parents are right to be fuming mad that their children with such great results could not find places in the two top JCs. Why? Grade inflation or Integrated Programme(IP) programme? Like it or not, the top students are in the IP programme and have already been admitted. The second best, now filling the places in the normal distribution of straight As are not the same as the best in the IP programme. It is damn good feeling to get straight As even in the Normal stream. But the reality is that straight As in Division Two are not the same as straight As in Division One. What shall the MOE do to please parents and students? Continue with grade inflation or grade the Division Two students as the Division One students which means that many may not get their straight As? Alternatively it can open up more places in the top JCs for these students and appease their parents. Tough situation requiring tough fixes.

The revelation of Pastor Rony Tan

I was told to watch the Youtube video. I did not want to bother. Then it came over the news that Pastor Rony Tan of Lighthouse Evangelism was called up by the ISD and made a public apology. Now it sounded serious enough for me to want to know what actually happened in the video. There were 3 videos actually, two on a Joseph Wee and a third on a woman named Rita. One was a former monk and the other a nun, and both were interviewed by Rony Tan on stage in front of his congregation. Immediately it was very obvious that the two interviewees were ignoramus as far as Buddhism is concerned, though they claimed to be monk and nun. Or at least they portrayed themselves as two simpletons who, after spending so many years in the religion and claiming to be quite devout, could not make any sense of the teaching. Or maybe they were simply a bit dull. In fact the interviews came across as a stage managed process all out to ridicule Buddhism. And Rony Tan was given the opportunity to make comments like being under the influence of demons, blind leading the blind, and false religion. He came across as the wise man and the other two like fools. But then he commented that Joseph was good enough to become a pastor and doing very good work in converting children to his religion. Everyone had a good laugh at the two silly interviewees and Buddhism. The message that Rony Tan was making was that his was the only true religion and others were false religions. And he knew where he was going while the rest were led by the blind. I am very sure that he knew where and what heaven is all about while the Buddhists did not know what is nirvana. He implied that since the Buddhists did not know nirvana and had not been there, there were talking about things that they did not know. This also implied that Rony Tan must have been to heaven or his believers must have been there and they knew what heaven is all about. As far as I know, the Bible said there is no Christians in heaven! Then how could Rony Tan be so sure about what heaven is all about? And he must have been conducting funeral rites for his followers that they were called home to be with the Lord. The other revelation is that he believed other religions were false or the blind leading the blind. I wonder what he would say when in the company of other religious leaders? Would he say, 'I respect what you all are believing in and your religions.' Then when he returned to his church, he could continue to preach his sermons about other religions according to his belief. Or maybe he will tell them the truth as he is not supposed to lie. Now he has been called up by the ISD and has apologised. Is he sincere in his apology and would not do it again? Would his apology be in conflict with his belief, after all he believes that he is on the right path and is telling the truth. Some comments in cyberspace said it was alright for religious leaders to preach about other religions to their followers within the confines of their religious abodes. Is it really alright? Or have religious leaders been doing such things all the while in their own sermons to their believers, running down on other religions? Now we can understand why some religions are so divisive and so hypocritical. Preaching one thing behind closed doors and putting on a smiling face and embracing the devils and demons in public.

How many casinos is enough?

One casino licence has been issued to Resorts World Sentosa. Marina Bay Sands should be getting theirs in no time. Would the two casinos be enough to satisfy the gambling urge of the Singaporean gamblers. And to include the Toto, 4D, Football Pool and Turf Club, I think we should have enough gambling instruments and organisations to please everyone in need of pleasing. With Singaporean gamblers now spoilt for choices, maybe it is high time that MAS take a more serious view of the financial industry, including banking and the stock market, to reduce or remove the gambling elements in them. The banking and finance industry used to be solid institutions for long term investment and perhaps slower growth. But with the ingenuities of the financial experts, many paper products were created and pushed to the investors with little regards to the harm they are causing to them and the industry as a whole. The minibond saga was a case in point. Tbere are many derivaties that are in the market, worthless pieces of paper that are not backed by any securities or collaterals, or heavily leveraged that when there is a call to dump them, many investors will end up with practically nothing but yes, worthless papers like the Lehman Bonds and other toxic products. It is opportune time to reflect on the health of the banking and finance industry and rein in fictitious and questionable products from the market. Just because the Americans are doing it, marketing it and playing with it, it does not mean that they are reasonably save products. They are mostly leveraged tens of times of their real values and at times the real values could be as much as the value of the pieces of paper they are printed. The banking and finance industry must return to their fundamentals and slower growth. The industry in American are highly geared to pay astronomical bonuses by taking high risks that are unbecoming of the institutions that are the cornerstones of the whole financial industry and the economy. The products are highly dangerous and only fit for the casinos. We don't need more casinos.

When will the balloon burst?

There are many things that we are paying through our nose and are taken for granted as our way of life. The question is whether we should be paying so much for them, and if we can afford to key paying for them. Our housing is going the way of Hongkong and Tokyo. Our cheap public housing is no longer cheap anymore. And we will make them more expensive for the good of the people who have bought them. But someone must pay for it and keep the balloon from its unstoppable inflation. We are paying for cars that cost about one third of its import price. For $50k or $60k, we could be driving much bigger and more luxurious made cars. Or we could be driving the same cars and saving a fortune from it. How much does a Toyota or Honda cost really? And how much is a Mercedes or a BMW? Are we being shortchanged? And our medical cost is skyrocketing like hot air. Funny thing is that there is a ruling against doctors overcharging their clients. The complicated surgical procedures and the expensive and sophisticated equipment will add to the cost. What about cough and colds, tooth extraction or fillings? The way it is going, another big chunk of our income will have to be set aside to pay for medical cost. Then we have to pay astronomical salaries to ministers, and some are still complaining. But this is the cheapest to pay for. Just one plate of kway teow or maybe add another plate every time they increase their salaries will solve it. This one is cheap really when the cost is spread around to every Singaporean. The good thing is that Singaporeans can afford to pay for all the extraordinary costs of things which need not be. And there is no fear of the balloon bursting as long as we can keep paying our people more and more salary to feed all the high cost items. Can we really continue to pay our workers higher and higher salary in a competitive and interconnected world? Why should our cleaners by paid $1000 pm when other countries are paying them $300? Why should our average workers by paid $2000 pm when others are paid less than half of that amount? Can productivity really solve this imbalance? Use more machines and computerisation and lesser manpower? Starting from the worker's level, once they cannot feed the system to pay for their cost of living, the effect will be felt to the next levels. But some levels will be so insulated that nothing will happen to them even if the dam breaks. For now, the magician and his magic wand is still doing wonderfully and paying for ever more expensive items for a living seems to be easy.

No criminals in our casinos

The police have announced that 3,500 people with serious criminal records will be barred from the casinos under the Commissioner of Police Exclusion Order. This is different from the Self Exclusion Order that a gambler or his family could exercise to keep himself out of the casinos. This is another positive step in the right direction to keep our casinos crime and sleaze free. I am sure all the religious organisations will also be helping the authority in their daily sermons to advise their believers to stay away from the casinos. With this two prong approach, the casinos can be sure to be free from criminals and angels. Only the secular and ungodly people will be left to visit these new playgrounds. I am wondering whether those commercial cheats who squandered away money from commercial and charity organisations will also be barred? I think they should. People who committed breach of trust, commercial frauds, dishonesty, should also be excluded from the casinos. With such an exclusion order acting as an additional deterrent, the casinos could be doing a good thing for society, telling potential cheats to be good if they want to play in their games rooms. An incentive not to take the wayward path.

When paradise beckons

We are into the second month of 2010 and things are gradually transforming. The stalwarts of first generation Singaporeans are fading away one by one. Ng Teng Fong, the richest man here, has been called home to the Lord like many before him. Our Olympian Tan Eng Yong, also went home when the Lord sent a driver to fetch him. Both men, given their health and wealth, should technically live forever. Their departures are a reminder that paradise is where we should be, our home. Funny thing is that no one wants to return home to paradise. I was at a funeral service of a young friend whom the Lord loves so much to take her back in her thirties. And all was grim and gloom. All wore black to show their sadness when paradise beckoned. And our good friend Boon Wan is working tirelessly to provide us with the best medical services, facilities and treatment to keep us here longer. And he unknowingly think that with more money in our Medisave, we can remain here longer and happier, better taken care off in the nursing homes, with first class nursing care. Does he think that his hospitals and nursing homes are better places than paradise where the Lord had gone ahead to prepare his mansions for us? This is an issue that is most confusing and most contradicting in the minds of mortals. Paradise beckons and no one is tempted. Hell is where they want to be. Or hell on earth is where they want to hang on, for as long as they could, even forgoing their little comforts, saving as much as they could to cling onto life in this hellish world. I can't blame those who have found paradise on earth and refuse to go. But many would have been better off returning to the ultimate home in paradise. While the Lord prepares his empty mansions in anticipation of our return, Boon Wan is preparing his nursing homes with great comforts in his imaginable ways, to show us how much he cares. He also makes sure that we have the money to pay for it.

Disproportionate reality and disproportionate truth

Properties in Singapore are cheap, especially the high-end ones that are built for the super rich. At $3m or $5m a piece, it is too easily affordable. Many of the super rich will find properties at $20m or $30m a piece affordable as well. At the employee level, i.e. workers who earn a salary, this includes ministers and top civil servants, properties at $3m or $5m are actually as expensive as peanuts. They could buy one every year or every other year with their annual salaries. Isn’t that fun? Life is really good for these highly paid workers. Then we have workers, the genuine low down working class, complaining that a $300k flat is expensive and unaffordable. And the ministers and top civil servants are telling them it is not so. These flats are really and truly affordable. It makes sense when one could pay a $3m to $5m property with one or two year’s salary. But the disconnect is quite obvious. Why are the workers complaining? Simple, their incomes are just too little relative to the price of the flats they have to pay. And they need two incomes and 30 years to be able to pay that miserable $300k. So, is their complaint genuine or they are just a pain in the arse? To these low paid workers, their perspective of affordability must be different, and real. They think so anyway. The cheap flats are expensive, very expensive to them. And the reality of the cheap private properties is also real, as the buyers need only cough out a couple of years' income to pay them off. No need to take loans at all. The disproportionate reality and the disproportionate truth divide the real workers from the surreal workers in paradise. Quite funny huh?

Battle of Tampines 2

Chok tong has came into the battleground and fired his first salvo. Let's talk policies and let's offer alternative solutions instead of criticising. It is easy to criticise but what about offering alternative solutions? Sounds fair? Of course it is easy to criticise. But before anyone, who does not have the resources of all the supertalents, attempts to offer solutions, let's ask if this kind of familiar challenge is fair. In the first place, why should people who are not being paid a single cent come up with alternative solutions, and a better solution? Solving national issues is not going to the jamban to shit. It takes a lot of information, data and considerations, demanding a lot of time and resources, to come out with something that is workable. On this point a lone I think it is an unfair challenge. What I think the critics can do is to criticise. Yes, critics only need to do that, nothing more nothing less. But if the govt is willing to pay the critics, provide them with the resources, maybe they can venture into trying to find an alternative solution. What about the politicians? My view is that they should just offer a new direction, of where they want to go, what they want to do. The details and how to go about in achieving their objectives and policies should be left to the talented pool of civil servants to help them to work out the sums. Without the resources, they should not attempt to offer solutions that are likely to be inadequate. Just talk policies and objectives, what they want to do for the people. That should suffice.

Anything new from the ESC Reports?

With 25 high power supertalents in the Committee, including 9 ministers, and 6 months of deep and challenging thoughts, is there anything new coming from this Committee. I am quite disappointed actually. To me there is nothing new. One Winsemius could probably come up with more and enlightening suggestions to change our landscape and lead us to a brighter future. But not all is lost. At least the Committee discovered that the high dependence on foreign workers is a dangerous road to take. This is probably their one and only major contribution to reverse course. Without this Committee we will still be plodding along happily with more foreign workers. PS, the whole cyberspace netizens knew this long ago and have been kpkb about it for quite sometime. A side contribution is of course more money for the govt in terms of higher foreign workers levies. Can't think of anything else that is near to a revelation.

The Battle for Tampines

It is not about the person but the policy. Mah Bow Tan is just a policy maker and should not be the issue in the election. Some may want to make it one but that is a private matter to those who want to do so. Let Tampines be a contest of ideas, a contest for the people to decide whether the HDB housing policy is good for them or a daft one. From the govt's perspective, it is an excellent policy that is good for the people. So, who should decide if this policy is good for the people? The people or the govt? The election will allow the people to say so, to make sure that they are heard, to tell the govt what they want and what is good or no good for them. It is the time for the people to say, 'I say so!' What are the issues at stake or what are the components of this HDB policy? 1. High HDB price is good. 2. HDB flats should be priced at market price with a market subsidy. 3. HDB will build flats only if there is demand for it. And demand is defined as applicants putting in their applications. HDB will not project demands and plan their building programmes on available information and demographic data. 4. Flats will only be available to move in after 3/4 years on application. 5. Affordability means 2 incomes and 30 years to pay for a smaller flat as sky rocketing prices means paying more and getting less. 6. Your children will get to pay more and more for HDB flats. 7. The actual cost of building HDB flats will remain a mystery. No need to know. These are some of the key features of the current HDB policy. Would the people be daft enough to vote against this policy. Or would the people be smart enough to vote for this policy?

Are the people going to accept this Medisave increase quietly?

A week of silence after Boon Wan sounded the idea of raising Medisave contributions and finally I read a letter in the Today forum by a Alex Chan. Chan was concerned that the increase will hurt the young home owners as HDB has already targeted 30% of their income for its flats. These home owners have already budgeted what they could afford to pay for housing to the max. Anymore design on their CPF will mean touching on their disposable income or for those still waiting to buy a flat to revise downwards and look for a smaller unit. But surprisingly not many complain letters were sent to the ST forum. Maybe there is no problem really and Alex Chan's concern is misplaced. So far from the govt side, only Halimah Yaacob raised some concerns that it will affect the workers if this thing is pushed through. She is the only voice against the increase. So what about the rest of the MPs? Are there still studying the proposal and getting feedback from the people? It will be good to know which MP is for or against this proposal. It will also be good to know how they vote after they have expressed their views in Parliament. I am deeply concern about this raising of Medisave contributions and locking up more of the people's money. It seems that the govt is bend on holding on to the people's money for as much as they can lay their hands on and for as long as possible. This is the message I am getting. Is the govt so hard up of money? Obviously no. GIC and Temasek are still globe trotting around looking for good buys and absorbing whatever losses in their stride. Still, the people will have their ways of looking at these monetary measures as a way of snatching their money from them and will have many negative thoughts and feelings. And to some it is not just feelings but very painful. I would like to suggest that Boon Wan make it more painful by raising another 5%. A big pain for once instead of creeping pains every other year. This is textbook Machiavellian strategy. Or is it to make it less painful like raising property taxes every now and then instead of all at one go? Looks like I am going to here for a while and I will just go on posting.

A familiar Gulf story

Expat workers threaten Gulf existence Feb 03, 2010 DUBAI - An influx of foreign workers in the Gulf poses a threat to the region's existence, UAE daily Gulf News reported on Wednesday, citing Bahrain's Labour Minister Majeed al-Alawi. The minister said the situation could become like Singapore and the Maldives, where "foreign workers had been brought on temporary contracts and are now ruling these countries," according to the report. Speaking at a labour conference in Abu Dhabi, Alawi said one million citizens in the wealthy Gulf are unemployed even though the region employs 17 million foreign workers, describing them as "a threat to our existence", Gulf News reported. Alawi pointed out that while 50 percent of projects in the Gulf have have come to a halt due to the impact of the global recession, the number of foreign workers has not declined. "Whoever thinks this foreign manpower in the region comes for a project and leaves on its completion is wrong. They come to stay. They buy and sell in their market created on our lands but accommodate no Arab," he said." he was quoted as saying. Alawi added: "This way countries were lost and we, in the Gulf, are facing the same threat. If this is not happening now, it will happen in the next generation." Officials in Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the UAE have for years expressed concerns over the presence of millions of expat workers who are needed to run their economies. Still these countries continue to hire skilled and unskilled people from abroad to do jobs their citizens either cannot do or do not want to do. The above article is copied from Maktoob Business . Maktoob The Gulf states fear that they will lose their countries to foreigners. In the Singapore experience, we consider ourselves as immigrants. And immigrants given citizenship becomes Singaporeans. So new immigrant citizens will take over and own this island when old immigrant citizens die or fade away. This is the natural state of affair. We don't have problems with that. We welcome new immigrants to become our citizens and take over from where the old immigrant citizens left off. And we will have a more vibrant city state still populated by Singaporeans. And old Singaporeans that cannot live up to the challenge, they just have to be sidelined. It is their problem. The difference in mindset between Singapore and the Gulf states is that we place the existence of the state above the existence of the people. The people can come and go, can die and disappear, the state lives forever. We live for the state.