7/07/2007

higher cost? have no fear

'Costs are always important but we are not going to allow costs to prevent us from growing. You do want the standard of living of Singaporeans to go up and a higher stand of living means more income in real terms.' Goh Chok Tong Recently we are seeing all kinds of increases, the euphoria of property prices and the jubilant cheers of property developers and beneficiaries of en bloc sales. We also hear some grumblings from the foreign business communities and the lower grade foreign talents that it is no longer feasible to work here and have their families with them. Can the rentals of office spaces and shop spaces continue to go on without somebody paying for the increases? High costs mean higher standard of living provided the income is growing as fast or faster. How many Singaporean's real incomes are growing? The 2% GST increases means that income has gone down by 2%. Period. The rebate is only a short term stop gap measure. And if the goods and service providers just add up their costs and transfer to the consumers, as many have seen recently, the increase in prices are more than 2%. Effectively cost of living is up and real income down. Then the surge in property prices that will filter down to the heartlanders. Real income must come down when buying a flat is now that much more. The en bloc hordes with their overflowing cash windfall can only benefit one time by downgrading. Unless the en bloc phenomenon can go on and on. But that does not change the fact that many first time flat buyers are going to pay more for their new flats. And if their incomes do not run away as fast as the prices, they are going to face the squeeze. We believe that our standard of living can go on the upward climb despite the high costs. Maybe the top 20% could do so. Do we believe that the general masses are that much smarter, productive and efficient that they deserve that much more for their effort and services than people around us? Many in India and China have proven that they could do as much and as good as us for lesser. The competition from these seas of humanities will not allow our workers' salaries to go on rising in line with the rising costs. I wish that I am wrong, that this island is really a pool of talented people that can command exceptionally higher remunerations for the quality of their work vis a vis the Asian giants. And we can continue to push up our cost and standard of living at will.

7/06/2007

A biography of Goh Keng Swee

Before it is out controversy has already started. The wife does not want it published, claiming that it did not have his consent and thus disrespectful. The daughter in law claimed that Keng Swee did not object to it. Under normal circumstances, a book on the life of our pioneering leaders should be welcomed to shed light on the making of a giant and his contributions to the making of Singapore. It is part of Singapore's history and should belong to the people. Why would the wife want to distant herself and Keng Swee from the book? Are there unpleasant things that should not be there and it is better to say it out front first? Or is it the wish of Keng Swee that he does not want it to be seen as an ego trip while he is still alive? Definitely it is not a publicity stunt like another Harry Potter's magical book. All of Harry's books came out with a big bang and were instantly snapped up. Would Keng Swee's book be in the top sellers list? Or like he said, who would want to read about him? Let the people decide.

The power of feedback

Not the official kind where someone designated a box called 'Feedback' and expect people to throw their little slips of paper in and they vet whichever they wish to reply. That is the cheap kind of feedback, the sanitised version of feedback. The real and more powerful feedback comes from the spontaneous response of the people. The outcry that is heard. We have seen many, mostly through cyberspace recently. And we have seen the results without having to claim that it is effective. But there is a more powerful feedback that is in action. The silent feedback. This is a feedback where all those who knows, who matters, just keep quite and smile as if nothing happens. And the less they talk about an issue, knowing that the issue is so obviously foul, the more powerful it is. It is a kind of non communicated cynicism and waiting to blow up. And you can feel it, just like the force. It is not seen, not heard, but it is there.

Media's distorted truth

Fred Hilmer, the Vice Chancellor of the fallen UNSW(Singapore) has sung a different tune in 'The Australian.' And the fault, according to him, is EDB. He has his plans to continue with the Singapore campus, expecting EDB to foot his bill. And it was EDB's fault for the failure by not giving in to his terms. The right to make such statements in a press and be read, and if the other party is not given the same airing to tell the other side of the story, the one who is given space to print, will come out right. This is the distorted truth of main stream media. They take sides and present the side they wish to present. That is as professional or unprofessional as far as main stream media can be. EDB has now come out with a strongly worded reply in our local papers to explain its position. I wonder whether EDB's reply will be published in The Australian. Otherwise it is a purely waste of time as the target audience who read The Australian will still believe what Hilmer said without preview to the EDB side of the story. Or it is just for Singaporean consumption. Whoever controls the media controls the view of its readers.

A Declaration of War

It has begun. Ayman Al Zawahir, the number 2 man of Al Qaeda has order the 'Islamic fighters to strike Western interests worldwide and for regime change in Egypt and Saudi Arabia.' Al Qaeda is also talking about regime change. It is a struggle against corrupt regimes aiming at the interests of Crusaders and Jews. It is a war between Islam and Christians and Jews. "All those who have attacked the (Islamic) nation must pay the price, in our countries and theirs, in Iraq, Afghanistan, in Palestine and in Somalia, but above all where one can strike a blow against their interests,' he said. This is a very serious threat and all countries will have to take it seriously and beef up their securities. It is a cakewalk of a different kind. Expect more hits around the world. This could be the world war 3 that the world has been awaiting.