tycoon li ka shing

'In Asia, our traditional values encourage and even demand that wealth and means pass through lineage as an imperative duty. I urge and hope to persuade you, especially all of us in Asia, that if we are in a position to do so, that we transcend this traditional belief. Even if our government structure is not yet geared towards supporting a culture of giving, we must in our hearts see building society as a duty in line with supporting our children.' The above quote is from Li Ka Shing after he received a lifetime award in recognition of his entrepreneurial achievements at the 6th Forbes Global CEO Conference at the Shangrila Hotel.

good times are back again

I just got this feeling that there is going to be a big round of pay rise across the board. Then follows by everything up and back to square one for many. And in the case of the bottom feeders, it will be sinking even deeper. How so? Let's see, everyone gets a 10% increase and everything also 10% increase. Ok the lower earners may get 10% plus $50. So that could be more than 10%. Sounds good. But all the bread and butter stuff are going to go up by more than 10%, maybe 30% or more. It does not make sense to raise the price of a 70c item by 10%, needs to round it up. A cup of kopi cannot be 77c, so make it 80c or $1, neater that way. Is this forthcoming pay rise a good thing? If I am earning a million, sure must be good, it means another $100k increase. Can do a lot of wonders with that kind of money.

myth 61

'The failsafe solution, Singapore's answer to all problems' Teachers are quitting the service in huge numbers. And teaching our young is a very important part of our national and economic development. We cannot afford to lose teachers at this rate. Quick, quick, find a solution. 'Just throw some money to them.' $250 million, will it be enough? Surely that should solve the problem. The teachers said, not enough. We want lesser work. Not exactly. The teachers just want to teach. Cut away all the administrative work or ECAs, just let them do the most important function of their profession, to teach. Oh dear, throwing money at teachers is not good enough. And this is a vital profession that we cannot afford to lose good and well trained professionals. All the investment in the training go to waste. What shall we do now? Have they heard of multi tasking? All Singaporeans are expected to multi task, to wear on 10 or 20 hats to justify their stratospheric level salaries. And now teachers are also raised nearer to that level, how could they ask to do just one thing, teach and nothing else. Didn't they know that an insurance agent is now called a financial adviser? They not only sell insurance, they are also expected to sell all kinds of financial instruments, including advising clients on their financial matters. And their commissions are cut some more. Now who is next to claim that their profession is important and overworked? Ah, the doctors. How can we forget the doctors. And the lawyers too. Their jobs must also be important. Who else's job is not important? How much more money do we have to throw at them?

tension continues to build up in the north

Khairy is reported to take his battle to Penang and using the same agenda, diverting the hate to the Chinese community, pitting the Malays against the Chinese. He is a dangerous animal on the loose. Though Badawi is a moderate and well respected gentleman, during this period he needs all the goodwill from all the communities. The way Khairy is setting the agenda and the terms of engagement, he could destroy himself and take Badawi along with him. And the Malaysian Chinese community better be more circumscribed, take a step back and do not allowed themselves to be cannon fodder again. Things can turn bad over night.

new era in singapore malaysia relationship

Singapore and Malaysia welcome opening up of two-way air routes By Channel NewsAsia's Malaysia Correspondent Melissa Goh Posted: 04 September 2006 1937 hrs Singapore and Malaysia welcome opening up of two-way air routes Malaysia and Singapore have both welcomed the imminent opening up of two-way air routes, seeing mutual benefits in such a development. The warming up of relationship between Singapore and Malaysia, and more economic cooperation and joint business ventures are the signs of change towards a new era of working closer together. And this is only possible when politics is removed from the equation of business and economic cooperation. Under Mahathir, this is not possible. And all his ministers, no matter how rational and pragmatic, would have to behave like chameleon, depending on the mood of Mahathir. Often they appeared clownish and outright stupid, making silly statements or reversing what they had said or agreed earlier. They have lost a lot of credibility as leaders of a nation by behaving or misbehaving in the public and in international arena through their unpredictable and unreasonable behaviour. And no thanks to Mahathir. Today, when logic and pragmatism and economic interests are key to their policies and actions, they have become their true self, behaving and acting as normal, predictable and rational leaders who talked sense. They must all thank their current Prime Minister Abdullah Badawi for allowing them to regain their self respect. Poor Syed Hamid and Rafidah were often made to take U turns and undermined their own credibility as if they did not know what they were doing. Now they appeared very sensible and saying sensible things that ordinary people could understand and not be shocked to their absurbed turnarounds. A good leader will allow his team of ministers to stand out as good leaders themselves.