how wrong ntuc leaders were?

While the NTUC leaders were mulling over the increase in CPF contribution of employers, they are conscious of how any increase will affect our competitiveness and the concerns of employers. John De Payva commented that 'Employers have said the increase in CPF contibution may result in them lowering the annual wage increase...' Its a case of LPPL. You pay here you cut there. So more CPF, less increments. 'On the other hand Lim Swee Say noted that some employers did not want the rate to be raised.' How wrong can the two be. Consult the views of our foreign talents and they will get a surprisingly different picture. This is what Faruq Shadhili(foreign talent) said, 'Foreign companies are eager to raise the CPF contributions for employees.' Or maybe Fauq is referring only to foreign employers while the NTUC leaders were referring to local employers. And foreign employers like Singapore so much that they are willing to pay more to Singaporeans and will not relocate to China or India. The NTUC must engage some of these foreign talents to get a better feel of the real situation on the ground. And they are relatively cheaper to hire. Good value for money.

well done gerard ee

Gerard Ee and his team has done a good job at NKF. The cost of dialysis is coming down, the subsidies going up, the patients paying less. Imagine how much injustice to the poor patients if things were allowed to go on as before and the whole country being deceived that everything was done best for the benefits of the patients? And how many of them and their families will continue to suffer financial hardship while others are enjoying and having a great time at their expenses? And enjoying the glory of being idolised as the new age saviours of the sick, and honoured and feasted by the peers of supertalents. Well done Gerrard. But more can still be done.

myth 105

'The Foreign Myth' Lately the foreign talent debate has taken a higher profile with foreign talents openly calling local talents silly and shallow. If we may take a step back and ask ourselves, what we have today, are they the contribution of these new foreign talents? Technically we were all foreign talents once as we were all migrants. But these migrants have settled and sunk roots here, indigenised and formed our first and second generations of local talents. These are the talents that built what Singapore is today. And we have them to thank for, not these new upstart foreign talents who came here yesterday and trying to claim all the credits. If these foreign talents are that talented, they should have elevated the poverty in their home countries. But they are quitters of their own countries and coming here bragging how good they are. Just show us what they have achieved for their countries before they tell us we are silly and shallow. But sad to say, they are right in this last comment. We are indeed silly and shallow to bring them in to insult us. If this foreign talent madness is not straightened out, one of these days these foreign talents are going to line up the local talents and screw them nicely one by one, including those who idolised foreign talents.

what FT said of local talents

What Faruq Shadhili(foreign talent) said of Singapore talents 1. Foreign companies are eager to raise the CPF contributions for employees. 2. Most foreign companies would like to put a local to take charge, BUT... 3. Singaporeans(with MBAs) are industrious and can be entrusted to carry out routine management duties,...do it by the book, ...lack the independent mind to take matters to the next level. In short, unthinking but hardworking, good as production line operators. 4. Singapore talents are egoistic and worked for their personal interests instead of company's long term interests. 5. Singaporean talents 'had the gall' to disagree with European directors just to look good to his local subordinates. Would unthinking and mindless Singaporeans dare to disagree with their bosses, just my view. 6. The first contradiction to 5, local talents would cut salary of staff to please foreign bosses. I thought they would talk back? 7. Local talents would fly first class but cut cost of other departments. I only knew of one such talents that appeared in the big news that travelled first class. And this practice is rampant here according to Faruq. 8. Local talents think that foreign bosses are daft. 9. Curry favours is commonplace and employees got rewarded for that. 10. Local talents hired employees and demanded that they speak mandarin which actually is unnecessary. And foreign bosses disagreed but got along to please local talents. 11. Local talents demand workers to have proper qualifications. Foreign talents can perform without proper qualifications. Faruq quoted an example of an O level engineers training new aeronautical engineers. Phew, which part of the world could this happened? And Faruq commented the CEO of the airline for doing just that. I will fire the CEO first. 12. He concluded that not all Singaporean bosses are that shallow. So many must be shallow. Before any shallow Singaporean bosses reading this article and start to sack all the local talents and replace them with foreign talents, and before they start to hire O level 'engineers' to train qualified aeronautical engineers, they better examine this concept of foreign talent is better than local talent before they be called silly and shallow by foreign talents in their employ.

Corporate governance and ethics not necessary.

Corporate governance and ethics not necessary. Acra and Icpas have withdrawn recognition of the NUS BBA(Accountancy) degree. They wanted accountants to be taught courses that are related to accounting and auditing the traditional way. But NUS thought the emphasis on corporate governance, ethics, risk management, internal control and business acumen are more important and relevant in view of all the big time corporate frauds. 'Even ACCA, the international body representing the profession, had launched a new qualification this year to focus on "professional values, ethics and governance", in line with the "industry demands and expectations", the Association's Singapore head Penelope Phoon told Today.' It is indeed a strange development. Or is it that corporate governance is not important in Singapore? How could taking a few electives in these courses undermine an accountant in his accounting and auditing skills? I think it is the former. Singapore's corporate world is filled with men of high integrity. No problem with corporate governance and ethics.