New definition for Singaporeans?

Flexible labour policy has helped Sporeans This is the heading of a letter by Jean Tan, Director, Corporate Communications of the Ministry of Manpower. Her letter talked about how foreigners have helped Singaporeans to be employed. 'Singaporeans have also been taking up better jobs - nine out of 10 jobs gained by residents from 1997 to 2007 were those of Professionals, Managers, Executives and Technicians(PMETs). Singaporeans and residents are now synonymous.

Wah lau, $5000 to produce legal papers

It is reported that 'the lawyers usually gets at least $5000 for doing the insurance paperwork.' Imagine handling 10 car accident claims a day, that is a cool $50k! No wonder the touting lawyers are willing to offer between $600 to $1000 for each case referred. Anything wrong? Why shouldn't lawyers be allowed to solicit for business? Aren't they also known as solicitors? Is soliciting such a bad word? What is needed is to make the business transparent and upfront, just like the way we curb corruption. Make all the fees transparent and allow the lawyers to solicit as often as they need, with all the terms and conditions set up. The law society can defined all the regulations they need to protect the profession.

And today is Christmas

A handsome couple appear on the frontpage of the Straits Times, happily smiling and holding the Book of Baptism Rite. At first I thought the man was Goh Keng Swee. The resemblance was remarkable. And the story goes, about a grateful couple finding God and were full of joy on the day of their baptism. They were born again. It is Christmas and Christ was born on Christmas Day. George Soh and his wife Anne are now born on Christmas Day. It is a beautiful story to be told on Christmas. I feel like converting as well. Few days back the ST reported profusedly on the EID, the sacrifice of goat by Ibrahim to Allah, or Abraham to God. And the Muslims were equally joyous and Minister Yaacob even reported that the sacrifice will be doubled. Few weeks back the Lord Ganesha's Temple had a celebration and pictures of all the pious devotees were flashed across the pages of the ST. Soon the Chinese New Year Celebration and then Vesak Day. CNY is non religious but Vesak Day will be more meaningful to the Buddhists. It will be a day of compassion and no killings or taking of lives. We can expect pictures of devotees in Kong Meng San or Waterloo Streets carrying joss sticks for their worships. Our responsible and enlightened press has been reporting such religious activities fairly and sensitively and it is a sign of how well we managed interfaith relations in a multi religious society. Cheers to all the believers and devotees.

He took a bet

Goldman Sachs paid $100 million to its Chairman/CEO for turning in US$11.6b profits while competitors like Citigroup and Merrill Lynch suffered multi billion dollar losses. And he is duly rewarded. No doubt that he had done well. The enormous profit could be contributed by his decisions. But for the profit to be that huge is because the company was big. And he bet right. He could not make billions for the company if the company is small. What if he bet wrong and lost billions? At the most he will get a sack. But if the wrong was not too big, he still got to keep his job and pay. This is how the game of big corporation is being played. Bet big on other people's money. Win big and get big rewards. Lose big, just pack up and go. And often it could be a 50/50 chance of winning big. Is this kind of pay justifiable? It can be easily justified. It can also be easily flushed down the toilet hole.

Top talents - got or no got?

Bio-tech Suffers another blow Britain’s Dolly-creator is latest of three scientists to leave. Reuters. Dec16, 2007 By Daryl Loo British scientist Alan Colman, who helped clone Dolly the sheep, is leaving Singapore, dealing another blow to the city-state's biotech ambitions. Stem cell scientist Colman, who had been lured to the city-state with grants and research facilities, now heads a Singapore consortium in stem cell research.... The latest move follows news in September that two other top British scientists, David and Birgitte Lane, will also leave next year, giving weight to the World Bank's criticism that Singapore's biotech drive was overly reliant on "footloose" scientists who could leave at short notice.... Lee Wei Ling, a paediatrician who heads the National Neuroscience Institute, said that it was an inevitable that foreign researchers "will go where there's money available" as more Western universities raise funding for biomedical research.... The above is an extract of a Reuter article I copied from www.littlespeck.com. The tooth is the tooth. Foreign talents are 'footloose' and will go where the money is, especially the top talents. But what can we expect. Even our local talents who are good enough will go where the money is. Only those that cannot get a good offer will remain here and tell you they are worth millions. I am waiting for a top Singaporeans to head an American or European bank or MNCs. We can't even find any local good enough to head DBS after Jackson. The best Singapore can hope for is 'borrowed time.' Have them here for a while and learn as much as we can. We cannot have a FT like Jackson Tai here for so many years and still learn nothing and needs another FT to replace him. Or the tooth is that we don't have real talents locally?