SMRT was so perfect

SMRT was so perfect, so efficient and so profitable. And they rewarded themselves with huge bonuses and big pay packages. Then overnight the nightmare begun, starting from the clips falling off and stoppages every other day.

Now a new man is at the helm. 8 key managers were recruited to tackle the problems in the organisation. What problems? It was the perfect company a few months ago with its CEO earning praises for a very profitable and well run public transport company. How could there be problems and needing an infusion of top managers? And are they recruited to boost up the top management team that were doing so well or doing so badly? Or were they recruited to replace some of the top managers that were doing so well and still must be replaced?

No organisation has seen its fortune and image went legs up within such a short interval of time, from being so good to being so bad. What happened if the clips did not keep falling off? Would SMRT be still the darling of a well run and managed organisation, and its top management still receiving the laurels of success and efficiency and huge bonuses?

Are there other organisations that are looking so good, like a polished juicy red apple from the outside, but a rotten core that is waiting to be exposed? Is this the beginning of more disclosures, that all that is not well will not last long and cannot be hidden from the public for too long?

By election Laws, the spirit and intent of the law

Since the last interpretation of the spirit of the law in the Hougang by election, the govt’s position is that a general election is to elect a govt. When such a govt is in place and when a MP’s seat is left vacant for some reasons, it really does not matter as the govt is already elected. So having a by election or no by election is not of much importance as long as someone else is looking after the constituency on behalf of the MP. A stand in, a MP on loan from another constituency, or in the same GRC, or a CCC Chairman or any appointee could really fill the seat legally in accordance with the provisions of the Election Laws. This is what I have heard to be the official position and I stand corrected. The govt can always correct me if I am wrong and educate us on the correct interpretation, the law, the spirit of the law, the intent of the law, or the convenience of the law to be interpreted to whoever’s advantage.

If the above premises are true, and if the judgement by Judge Pillay is the absolute truth, that the PM has full discretion to decide to hold or not to hold a by election, then the constituents of any single member constituency may not be served by an elected MP after a GE. Anyone or any appointee would do.

I choose to disagree as a citizen and as a constituent. And I would also like to interpret the spirit of the law, the intent of the law to my advantage. As a constituent, I demand as my right to be represented by an MP that I have elected or have a say to his being my MP. No substitute is good enough. No part timers or part time MPs from other constituency to part time in my constituency. I demand a full fledge MP elected by my fellow constituents to represent me in Parliament and to take care of my problems. There is a direct quid pro quo in the case of a properly elected MP who promised to serve the people and the people duly elected him. Anything else is no good. It is a short change.

What do you think?

Merry Christmas to everyone

Let me say merry Christmas to everyone first while I ponder on what I shall write this morning.

Cheers.

Remisiers are low income earners

No more Peter Lim of remisier kings. The pathetic take home pay of remisiers that was reported in the news last week, this has been kept under the carpet for some time, is a revelation of a dying profession that once was the envy of many professionals. Gone were the days when remisiers could spend lavishly on their clients and living a high life. The $800 pm is even less than the lowly or uneducated aunties and uncles cleaning tables in the footcourts. The SMRT foreign drivers are earning much more. And the PMET drivers are laughing their hearts out, that they are rich compare to the remisiers. Those earning this sum are now qualified for assistance and monetary handouts from the govt. The Remisier Society or the brokerages should take the initiative to apply for govt assistance for this new poor in the country. Maybe the SGX should start to dip into the contingency fund to help the remisiers tie over this rough patch that does not seem to want to go away.

Many remisiers are professionals by training and experience, some with CFA, finance and post graduate qualifications. Many would have long quitted the industry if not for their age that rules them out from employment. They have become the new breed of ‘chiat pa tan si’ PMETs. They have no where to go and no one to turn to and waiting for the curtain to fall. I would have left too if I could find an alternative job. And to make things look sillier, remisiers have no official lunch break and are expected to work from 9 to 5, just to earn $800 with the market running non stop.

Does anyone know why the industry has hit such a low? Or does anyone really want to know?

CPF Simply said by ‘First Step’

This blogger posted a very simple but very effective explanation of the state of affair in the CPF scheme and how CPF account holders could kiss their savings good bye. And I quote,

‘First Step:

December 22, 2012 at 5:41 pm (Quote)

First Step – Increase Medisave. Second Step – Increase Medical Fees. Third Step-Increase Medisave Again. Fourth Step - Increase Medical cost again. Fifth Step – the cycle repeats itself, forget about seeing your CPF money again. Can just dream about it. Vote PAP out this Ponggol BE.’

This simplified statement says it all. And it can be duplicated for cost of living. The higher the cost of living the more needs to be kept in the minimum sum account. When cost of living increases, raised minimum sum. Keep raising the cost of living, the minimum sum will keep going higher in sync. It is like throwing money into a bottomless pit, never to be filled, and never to be seen.

Can Sinkies ever save enough for their retirement needs, for their medical fees and retirement? It is no longer how much the Sinkies are saving but how much they would have to pay for the high medical fees that they are expected to pay, like a guillotine knife over their heads. And the rapid and unstoppable high cost of living, starting with properties and car prices, will ensure that the minimum sum will be up and up and up.

Unfortunately daft Sinkies could not see the bigger picture and still clamouring to put more money into the CPF, a black hole.

Sinkie IQ highest in the world

This is no joke. I have my doubt that our IQ is the highest in the world, but I think it is quite high up there. This is what Chok Tong said, “This is a shame really, considering we are ranked 1st in IQ, high in maths and science tests globally, competitiveness and other ‘hard’ areas.”

And IQ is not the only factor that we are good in. Science, Maths and other ‘hard areas’. This confirms what Veritas has always been saying here, that our IQ is many times higher than the FTs who are here to help us and be our bosses. Many average FTs, with questionable qualifications from questionable institutions, are now considered better than the locals with better IQs and genuine qualifications from world class universities.

How could this silly state of affair become a norm here, particularly in job opportunities for the locals that found themselves losing out to low quality and maybe even faked FTs, and ended up as taxi drivers or low paying jobs or worst, jobless?

Something is very sick in this Sin City where the brightest are sidelined, booted out, to be replaced by snake oil peddlers whose ability is absolutely doubtful and questionable but thought otherwise by the authorities and employers. This plague will not be noticeable yet but will take its toll down the road.

A local story in the 60s/70s, 走江湖

Let me deviate from the norms of my Sunday postings and write something about life in a different time not too long ago. I am not sure how many parts I could write but this is the first introduction of Morgan's rite of passage into 'Jiang Hu".

The story of Morgan 白面浪子

He was very strongly built. His arms were twice the size of his contemporaries. This physical blessing came from a time when babies were fed with Milkmaid or Blue Cross condensed milk. The poorer brands were Lady General or something else. Morgan was luckier. Born a few years after the war, poverty was the norm everywhere. People were jobless or on call as odd job labourers, waiting in the kopitiam or ‘koolie keng’, a place where the coolies called home where all each had was a bed. The rest were common areas. Landing a full time job was a great contentment. Morgan had the good fortune of being breast fed. Mother was an illiterate immigrant from China, with bound feet and not the type suitable for labour intensive work. Breastfeeding a baby was not as easy as it looked. The mother must have at least decent meals to nourish the baby with enough healthy milk.

When Morgan arrived, the family fortune improved in a strange way. Mother was a ‘chap jee ki’ runner, collecting the bets for the syndicate. After a while she saw the trend. Most bets were losers. She took the risk by not submitting all the bets and pocketed the balance. With more spare cash, she started to plough some into bets of her own. And lady luck was kind. Enough food, lesser worries, Morgan was the ultimate beneficiary of the good fortune. He grew up a happy and boisterous child, fair and unusually sturdy. He was the apple of his mother. And the breastfeeding continued till he was 5 or 6 years old.

Morgan was in a way allowed to do as he pleased. From young he could tell Mother that he was not interested in schooling. And that was it. It was accepted and no pressure was put on him to walk the extra mile to do better in his studies. There was no tuition and no need for tuition. The hope was pinned on his elder brother to do well in school. The father passed away in a traffic accident when Morgan was only 8. His last few words, the brother could do well in school, and as for Morgan nothing was mentioned. It was kind of fatalistic, or the ability to assess the potential of the children and accept their fate. No need high education to know that. A child’s potential was well written before his teens.

The brother’s report card was all blue. That was a great credit and a great pride when the whole neighbourhood’s children were mostly a colourful mix of red and blue. Morgan was one of the statistics. As he advanced from Primary 1 to Primary 6 in Radin Mas, the number of blue marks got lesser while the reds got more. In his last few years in primary school, it was nearly all red. That was his life, his destiny. Mother did not go hysterical and rushed him for tuition classes. A young nonya girl a few doors away was giving tuition. She only completed Secondary Two and was good enough for the job where the rest were unschooled. Maybe money was also a problem by then when the coolie Father was gone. The selling of little satchets of opium as a side income was also sold.

The good part about the educational system then was that one could either get promoted to the next level or be advanced, ie failed but still moved up to the next grade. Morgan was posted to a new neighbourhood school in Queestown, Newtown Secondary School, probably without passing his PSLE. The only thing that he excelled in school was ECA, the official and the unofficial kind. ECA did not carry any weight in a child’s school performance and was incidental, something that was just part and parcel of school. His athletic built and prowess made him a champion in field events where might was an asset. For that, the school was kinder to him and did not really put him under a short lease. He was mischievous but did not get overboard. The disciplinary master, a black belt judoka, the father of a future national swimmer, was watching and assessing Morgan’s every move. Many boys that crossed Morgan’s path were chased and beaten outside the school. Often they were chased all over the school’s neighbourhood and up into the flats across the road. Morgan did not do the chasing. Neither did his sidekicks in the same school. He would call on his support from nearby schools to do the hunt. That kept him from trouble with the school.

He was not entirely an angel though. In the science lab and a lesson in biology, the science teacher was doing a dissecting on the table. The eager students were gathered closely to watch the demo. Many were good students and still wanting to study and do well, unlike Morgan. There was no purpose in him being in school. He was bidding his time and waiting for destiny to unfold, to take him on a path he had to travel. It was he and his life and his life to deal with.

‘Kock’, a loud noise was heard. In full concentration and the quiet of the lab, the knock was a sudden interruption. Everyone lifted their heads wondering what happened. The male teacher also stopped what he was doing. He lifted his hand and started to rub the back of his head. No one said a word. The teacher did not ask either. Then it was back to business. The lesson continued. Teaching in new integrated schools had their little risks and challenges.

My solo exhibition came to a close

My exhibition on the Secrets of Mother Nature came to a close after two months at the NUSS Guild House. A few of my paintings have found new homes. A few more could follow but unfortunately the deals did not go through.

The feedbacks from visitors were encouraging. Being a new artist, new technique, The Art of RAR, and a new kind of photopaintings, I am very pleased that people who have seen them appreciate and like them. For those who have acquired my paintings, they should be pleased to know that these are not the usual paintings that one can buy from everywhere.

Every painting is a mystery and a little miracle. There are painted by Mother Nature and appeared in a magic pond, and only visible to a camera. And the photopaintings that finally took form were conceptualised by the mysterious forces of Nature, a work of Nature. It is like Nature speaking or communicating to the mortals with its works. There could be some meanings in each of them that only the gifted could connect.

I am now planning to work on another exhibition with a few new series that are quite different from those that I have exhibited. My first exhibition was more of an introduction to the range of paintings that Mother Nature could share, a glimpse of the power and creativity of Mother Nature. My next exhibition will be more focus, maybe on a couple of series and with more depth.

What is real or unreal in accounting?

Or what is truth and fiction in accounting? SIA has booked a gain of $322m for selling its shares in Virgin Air for $439m. It bought the shares at a cost of $1.6b. I am a bit dull and think that this should be a loss of $1.161b! I am just being simple minded or ignorant of accounting practices and how profit and loss are computed.

Yes, the buying at $1.6b and selling at $439m led to a gain of $322m. I was reading Goh Eng Yeow’s article last Saturday and he explained how the apparent loss of $1.16b could turn into a profit of $322m. He said that over the years, the goodwill of Virgin Atlantic had been written down. There was also an amount of $117m written off to reserves. I do not know what this meant, really.

I must say that this is brilliant accounting practices and must be legal and correct. SIA is making money out of this deal by buying high and selling low. No wonder lay people are confused and there are companies like Muddy Waters trying to clean up the mud to make the water clean again.

CPF Medisave Required Amount to be raised to $38,500

‘SINGAPORE: From January next year, the Medisave Required Amount (MRA) in the Central Provident Fund (CPF) will be raised to S$38,500 from the current S$32,000.

The MRA refers to the amount that must be set aside in the Medisave Account, after the CPF Minimum Sum requirement has been met.

The CPF Board said those who have met the CPF Minimum Sum and have an MRA shortfall at the point of withdrawal have to make a top-up to the Medisave Account....’

This is the latest. Does anyone want to ask the CPF Board who gives them the authority to raise the minimum sum? Who does the Board think they are?

SGX – The truth is out

It is reported, finally, in the ST that all is not well in the stock market. For a particular month, many remisiers were earning less than $1000 in commission. This is nothing better than the cleaners in the foodcourt. And in a normal month, many are raking less than $2000. What are the implications?

It is not simply a dying profession for the remisiers. The broking houses need the commission to pay its staff or they too will have to close shop. The green eye monster has done its job well to kill this industry that once was a roaring business and supporting many other businesses in one way or another. The drastic changes in turning a stock market into a casino drove the final nail into the coffin.

The volume of trading appears to be high but simply fictitious in a way, generated by computers for brokerages or trading houses, house trades that bear no commission. The real participation of traders, retail and institutions too is dwindling and drying up.

The state of health of the market is best seen by good stocks being delisted as their real values are higher than the stock values in the market. It thus does not make sense for good companies to waste their time and paying fees to be listed. And with so many penny stocks, 1c or less than 1c stocks in the main board, it simply says something is embarrassingly wrong.

Surely the people responsible for ensuring a healthy and viable stock market know what is going wrong and how to put it right. They are not paid in the millions for nothing. Once the stock market is crippled, with remisiers and supporting staff quitting the industry, with brokerages shrinking and folding up, the damage is very difficult to repair. There will be a loss of confidence and a fleeing of funds. The offices in the financial district could go empty and rentals will slide as well.

The job loss in the industry is insignificant to the demise of a stock market and the finance industry. Make no mistake about it. The numbers don’t lie. The market and the associated businesses are going kaput while millions are being paid and there is still no light at the end of the tunnel.

The final assault on PAP

PAP has been a very successful political party for nearly 50 years. Through this period, it was the dominant and unchallenged ruling party and well supported by the majority of people of all races and political affiliations. It has chalked up an impressive track record from successful policies that brought wealth and material comfort to the average citizens and all. And this track record has been the PAP’s first layer of defence. It always, without fail, waved this track record to the voters in every election. This is what we have done and achieved, and challenged the people whether their lives are getting better than before. Its two other armours are super talent MPs and Ministers and impeccable and selfless men and women in leadership roles.

This first ring of defence is starting to crumble. The people are having doubts of their well beings. The elite have no problem identifying with the great material success as everyone of them is a symbol of success.. Even then, some elite are also starting to question things that are not as right as before. Those further down the pecking order, needless to say, are clearer as to whether their lives are getting better or going to get worst.

The second level of defence the PAP has built around it is the quality of its leadership. They are able and talented men and women of great abilities. They are the best of the best, the crème ala crème of the country. This is now ringing hollow. Many policies have failed. Many ministries and ministers are found wanting in their areas of responsibility. And the new recruits at the lower level are viewed with so much scepticism and cynicism that it is not a laughing matter. It was like scraping the bottom of the barrel. The aura of greatness, of infallible men and women with great talents and ideas somehow is drawing a blank. Many are being ridiculed publicly in the social media, in public conversation and private gossip mills.

The third and final ring of defence, the integrity of the leadership, is now exposed to attacks. These include honesty, incorruptibility, moral righteousness, compassion, sincerity, selflessness and other goodness that are expected of benevolent rulers. Now the criticism and challenge are targeted at very personal level, very close to the heart and the persona of each and every leader in the party. This is not just about the ability to deliver anymore, though many are seen as not delivering. The people have gone past the stage of material well being. It is about the softwares, the ideas, the feelings, the hearts and the intangible goodness of being national leaders, to inspire and to lead, for the people and for the country.

When the characters of the leaders are being challenged, and if they cannot hold, there is nothing left to keep the party afloat anymore. Many good and charismatic rulers could survive and rule for years in spite of bad policies and bad administrations. No leaders can survive if they cannot win the support and trust of the people. The last chip to play by unpopular leaders that have lost the support of the people is to usurp power by ruling with an iron fist, authoritarianism, dictatorship, military junta etc etc.

Is the ruling party facing this final stage of assault on their rights and legitimacy to rule the country and people? If this is so, then it would not be long before the final curtain falls.

Contract for service, short term contract and employee

There are still many discussions with regards to the SMRT drivers and whether the pay for a job should be the same or different. Let me just share a little on the HR practices with regard to this.

In the case of a contract for service, the workers are employed simply to do a specific job with a specific pay. Period. There is no employer employee relationship, no benefits or difference in pay between one worker and another.

In the case of a short term contract, there is an employer employee relationship, but the pay can be different and the terms and conditions of employment can be different. The main argument in this SMRT driver issue is whether the pay should be the same or different.

Allow me to clarify this. Thereotically, the basic pay for jobs of the same specification is the same. So there should be no quarrel over the job worth. Two persons doing the same job would be paid the same basic pay for that job. In practice this is hardly the case.

The computation of an employee’s pay, assuming new sign ons, will still have to take into consideration many other factors. Qualifications and experience would affect the pay offered if they are relevant. New sign ons could be offered different starting pay because of these factors.

The other factor that is in play in this case is the nationality. Workers come from different countries with different cost of living and could be comfortable with different pay offered. $100 can be a lot in some countries and not enough in others. A simple example is the pay of a similar worker producing Apple Iphones in Indonesia, China or Thailand. Their pay will be different for the same job because of the country they are in. If they are to be paid the same as those in the USA, then there is no advantage to farm out such jobs to lower cost countries. Same job different pay because of different cost of living of a country is only practical.

An added factor to this is that the foreign workers are not working in their own countries and bearing the respective cost of living. They are now in Sin City and have to bear the higher cost of living here. Thus, this point must also be input into the pay to ensure that they are adequately compensated or else it will be meaningless for them to be here. This amount could be the same to all foreign workers here as it is related to the cost of living here.

Employers also have to account for the cost involved in hiring them. And the workers must also take into consideration the amount they have paid to the recruiting agents to be here.

In summary, employers recruit foreign workers for competitive cost advantage. But there are occasions when there is a shortfall of skilled local workers and employers would be willing to pay more to bring in foreign contract workers even at higher pay then locals to complete a job. The final computation of pay for a worker is thus not a simple factor of same job same pay irrespective of nationalities and other factors. The critical issue is that the pay must be fair to the workers and to the employer after taking into consideration all factors, and both parties perceived that it is fair. This is the tricky part of salary administration. It is not QED.

The deadly derivative game

Justice Pillay had made a major ruling against Deutsche Bank of the lost of $59m for recommending derivative trading to a client few days back. In 3 months, the client, Dr Chang Tse Wen, lost $59m! This must be a kind of a record for the speed and the sum to be lost by an individual client.

The client was recommended to put money in discounted share purchase programme commonly known as accumulator. Whatever names they called it, derivatives, in whatever combinations or clever arrangements, are nothing more than betting slips. They are not investments but high risk betting or gambling.

How could such gambling slips be approved and be sold so widely across the world is troubling. The amount of derivatives bought and sold is mind blogging and could be the very instrument that could collapse the world financial system. But many high net worth clients would have to go first, losing their millions and their pants.

Investors who do not know how the derivative games are played are best to stay clear from such instruments.

Criminals in high places and high finance

HSBC was slammed with more than a billion in fines for money laundering. UBS too was fined as much for rigging Libor. And several other big banks too were caught for equally serious criminal acts. The American and European authorities are currently investigating several banks for similar financial crimes.

What is nauseating is that no individual was found guilty of any crimes. The criminals were the inanimate banks and institutions. And the fines paid were from the shareholders. The shareholders are paying the fines of these criminals in high places. Where is justice? People in high places can commit crimes and be freed from punishment? How then would they stop doing what they were doing when they know that they are untouchables?

The US is now looking into bringing a few of these criminals to court and make them pay for the crimes personally. Until this is done, until these criminals in high places are put behind bars, the banking and finance industry will be dominated and in the control of such criminals and getting paid obscenely, unchecked by anyone.

The banking and finance industry has been in the hands of rogues and robbers for too long. When would the long arms of the law reach them and put an end to their crimes?

What do fake degrees mean?

Many stories have come out from Australia where unqualified doctors were practicing and some even operated on their patients. Imagine taking drugs prescribed by quacks or operated by quacks! Could it happen here, in our renowned world class hospitals? Are there any quacks treating our sick and prescribing medicines which they know nothing about?

Then in the field of engineering, we are building many high rise flats. Any faked engineers or architects employed to build them? What can be the consequences should a high rise building collapse? Or our highways, bridges etc. Could they go down with the people and vehicles on them, onto people and properties below?

Fake degrees are not just about money, about deceit, cheating. It is about lives at stake. A fake professor lecturing in a university may not cause much harm except twisting the minds of the students. But fake professionals in many fields can be very deadly. No pray pray.

Low Thia Khiang the new Zhuge Liang 诸葛亮

The Palmer Affair has slowly subsided with no politicians being ended up on the wrong side of the stick. Nobody got sued. When it blew up, there was a lot of temptation for the opposition parties to strike while the iron is hot and went on a lashing exercise to extract the same damage from the PAP as it demanded of WP during the Yaw Shin Leong Affair. The temptation was great and it took great of restraint for any opposition politician not to push the dagger a bit deeper and give it a little twist.

What happened was like a non event. The party that was expected to be up in arms, the WP, took a very low profile. There was a kind of discipline imposed. Other Low Thia Khiang, the rest was as mum as the PAP side. And Low’s comment, which could be eagerly awaited and could drag him into a heated tit for tat open war on who was dirtier, was greeted with great relief, perhaps a little disappointment for those who have sharpened their knives for full combat.

Instead of more dirt being dug out for display, instead of more heated accusations and defending, nothing of that sort happened. There was a little praise coming from Low which gave no one any chance to rebut or to tear him and his party down. The WP did not go down as another unforgiving and vicious party. It was like a gentleman party, like Low Thia Khiang. Hey, everyone is nodding that that was a coup de grace, putting himself and his party above the mud. Great strategic thinking at work.

And the rest of the opposition parties took the cue and all refrained from stirring up more shit to embarrass and to draw flakes to themselves. Our political temperature and climate seem to have improved, with great humility, graciousness and generosity. Hope this will be reciprocated in the by election and the next GE, as the new norm of decency. It bodes well for all. Low Thia Khiang and his party deserve a praise. I think it must be hard on him for now bowing to pressure from his members to do the fifteen when others did the first. 人作初一我作十五。

The little flutter is growing

Ever since the illegal strike or industrial action of the Chinese drivers in SMRT, more of such incidents are starting to appear. The little crack on the wall is getting bigger.

The latest illegal strike by the Indian and some Chinese workers in a construction site in Yishun is quite similar in nature to the SMRT strike. It was a sit in and work stoppages. In this case the workers were owed salaries by the sub contractor, Sime Chong Construction. The main sub contractor is now working with Sime Chong to pay the workers. MOM is also informed and in the picture.

The question is, would these workers be jailed, charged and repatriated like the SMRT drivers?

Natcon vs natcon

The Govt has taken the initiative to start a national conversation with the people. This exercise is to engage, listen and talk with the people to find out their aspiration, what the people want for the future, the type of country and society that they can help to create for themselves and their children. It is a massive exercise involving a lot of resources and fundings.

The mission of this Natcon is defined by the Govt and the discussion would be confined to this objective. The participants are likely to be talking about an ideal, and anyone going off topic will be hauled back. The mission and agenda are all set. The participants in a way are also set, invited by the organizers. There is a feel good feeling as it is all about a dream, about the moon and the stars.

It is kind of like an academic exercise like students in institutions of learning, a tutorial that would end up with a paper at the end of the conversation. Maybe there will be prizes for the best participant or the best papers to be presented.

There is another natcon (I am using small letters) going on among the people. It is spontaneous, uncoordinated, unstructured. Anyone can participate and it is happening everywhere, anywhere. It is free, no resources are committed to such a conversation. One major difference is that the participants are people who have something to say and wanting to say. The topics are unlimited and undefined and mainly about the realities, about their life experiences and their grievances. They are talking about the now, the immediate problems they are facing. There will be emotions and pains and anger as the issues are not something airy and fairy, not something that may or may not happen in the future.

Between the two natcons, a guided Natcon and a spontaneous natcon, the Govt is likely to listen to the Natcon it initiated. It must be as it costs a lot of money to organize such an exercise. And the findings cannot be put to waste. Would the Govt listen to the other natcon that it has nothing to do with, a natcon coming from the hearts of the people, or urgent issues that the people wanted the Govt to act on?

What would likely happen is that the findings of the Natcon will be compiled and may even be discussed in Parliament as the people’s aspiration for the future. The people have spoken. And it could even be the basis for the PAP’s position in the next GE, telling the voters that it has discussed with the people and they will deliver what the people want.

As for the spontaneous natcon that is unstructured and messy, it is likely to be regarded as voices from the disgruntled, from the losers, voices from the lunatic fringe, and likely to be ignored. To the people, their natcon is real and needs immediate attention. To the Govt, it is the guided Natcon that matters.

Is there a meeting of the minds between the Govt and the people? Yes, the Govt has spoken to some of the selected people invited. And no, the Govt is not talking or listening to the other people who wanted the Govt to listen to their problems. Which natcon is important and relevant is subjective and depending on who one is.

How serious is the problem of fake degrees?

There are more than half a million PRs in the island plus many that have taken up citizenship. Assuming half of the PRs are FTs, ie professionals that are the equivalent of our PMETs, it means that there are easily 250k of them working here.

There have been complaints or rumours that are many FTs are here on fake degrees, unqualified or half qualified. There is no official statistics so far on the size of this problem and no one really knows how serious is this problem. What are the implications to the country if 10% of the FT qualifications are fakes? This does not take into account that many came from educational institutions where the quality/standard of education is sub par or even suspect.

The most obvious and painful problem is for such FTs to be employed at the expense of Sinkies, taking away Sinkies’ jobs. And many fakes could be the superiors of the Sinkies. And they are going to be paid more, to determine the fate of Sinkies and the performance of the organizations. Depending on the industries they are in, any mistake can be very serious and costly or deadly, eg in construction of buildings, housing and infrastructure, in medicine, in engineering, in food technology and science.

While this problem is festering and only passed around as rumours, not many seem to have surfaced and the cheats taken to task. Maybe it is all simply rumours and there is not much truth in it as the statistics said so. Maybe the numbers of offenders are not disclosed thus no one is panicking. Not seen, not heard, thus no problems.

How can such problems be tackled both at the organization and industry level and at the national level? Are there organizations that can check and verify the qualifications of FTs to minimize the problem, to give justice to Sinkies and the professions that hired them and the end products or services they rendered?