Educating Tribal Chiefs about honour and trust

LKY is on an education mission to Indonesia to educate the tribal chiefs about honour and obligations. This all started with the signing of the Extradition Treaty and Defence Cooperation Agreement, DCAET. The Indonesian politicians were told of the consequences of backing out of an international agreement signed voluntarily between two govts after thorough negotiations. This kind of attitude and precedents have dire consequences. LKY should remind them of the two glaring examples, Malaysia and Indonesia. Once the trust is lost, it will take a long time to rebuild and regain it. Malaysia was the first culprit of changing their laws and applied them retroactively to the detriment of foreigners. They thought they were smart. Now they are living with the consequences of all their backtracking and volte face in their commitments to international practices and the rule of law. The IDR is going to be hanged until assurance be given that these kampong mentality and practices will not be repeated and foreign investments are protected by law. Otherwise who is going to pump in millions of dollars of investment into the country? Thailand is a newcomer to this game of highhandedness and unravelling of legal practices and obligations. They tried to forcibly recover the assets of Shinsat after being sold to Singapore. All at once the international community stood up and held back all their investment plans. It shocked the military junta and they are backtracking to correct their error. But the investment funds are not coming in so fast until they really affirmed that this is not going to be the way Thailand conduct its business. Do the tribal chiefs in Indonesia think they can get away with their tribal ways and still think Singapore and the foreign communities will pump money into Indonesia? Do they really think that Singapore can be blackmailed or has its arms twisted by them? They can kiss their Batam, Bintang and Karimum Economic Zones goodbye if they don't play by international law and practices. Like it or not, they will have to learn to live by the norms of a modern world.

Myth 155 Things Singaporeans believe in

Things Singaporeans believe in Singaporeans are believed to believe in these things. 1. The people fully support the high salaries of ministers and the reasons for it. 2. HDB flats, medical fees, and education are heavily subsidised. 3. The GST increase is to help the poorer Singaporeans and good for them. 4. Increasing the population to 6 million is good for the country. 5. Singaporeans lack talent and need foreign talents to help them to grow. 6. Inflation is very low. 7. All price and fee increases are affordable. 8. They will never save enough for their retirement. 9. The money in the CPF is their money. 10. They are better off than yesterday. 11. More good years to come. 12. No one is left behind. 13. We are moving forward together. 14. Singaporeans are honest and incorruptible when they are paid very well. 15. We have the best political system in the world. 16. They believe everything they read in the msm. 17. What else do Singaporeans believe in?

Political Parties Manifesto 8

Would there be a party who would state it clearly in their manifesto that they will not make indecent profit from the people for providing essential services and basic necessities? Would they declare that the costing for subsidies like medical fees, education and housing be on an open formula where profits are based on replacement costs plus? Would any political party dare to be sincerely transparent in their transparency on costing subsidies?

Inflation up 2% next year

Johnson Choo wrote in Today about inflation probably hitting a record 2% next year. Statistically, depending on the formula and the basket of goods, the number may be right. But with 2% increase in GST and the way prices are shooting to the sky, who will ever believe that inflation is only 2%? This morning I bought a pack of horse hoof pastry, made in Malaysia, in pink plastic bag without brand. It costs $4! It was only a couple of months back when it cost $2.20. I took out both my hands and try to use my fingers to count how many percent increase was that. Even with my toes, still not even for the change. Anyone still believe that everything is ok? Johnson added, 'Even so, to the man in the street, the pinch may feel harder than the cold inflation numbers would indicate.' The GST offset will definitely help the poorer Singaporeans. Their life is getting better.

Myth 154

Professional, Ethical and Honourable Managers LKY recently talked about good leaders being men of honour who will mean what they said and deliver what they said. What he said is basically the qualities of a decent man which can also be seen as the good qualities of managers. How do Singaporean managers fair in these 3 criteria? There are definitely the good and the bad managers. I have seen many who are neither professional, ethical nor honourable. An ethical manager is expected to make decisions that are ethically correct and fair to their employees and staff. They cannot short change or cheat their employees. That is a fundamental requirement not only of managers but any decent man in any position. And at times when decisions came from the top, from head office, that are ethically or morally wrong, as professional managers, they must say no to them, reason it out with HQ that the decisions are bad decisions. Many choose to keep quiet and follow the orders. Not to rock the boat. Why should they. Not sure if you can call them smart managers. The third point is of honour. Any man that is worth being called a man must honour what he said. How often when confronted with what they said, many managers will pretend that they are dumbfounded. What? Who said that? I never said that! They will not even remember what they said or committed. And one good way to prevent themselves from being caught and can't back out from it is not to have anything in writing. Not even minutes of meetings. Definitely not in emails also. The best summary for such managers is the 3K Manager, Kiasu, Kiasi and Kiamistake. They are anything but professional, ethical and honourable.