Foreigners are grabbing properties again!

I was wondering whether to put this in the thread, 'Signs of Progress' or 'Signs of Decline'? Property prices are sure to surge. Property developers will be laughing all the way to the banks. The govt will also be laughing as it will be able to launch more new sites for sales. Property owners, especially the private properties, will be in glee. This will trickle down to the HDB owners. Yes everyone will be happy if they are already property or HDB flat owners. Can charge higher rentals too. What about those young people who have yet to buy a HDB flat? No worry. If cannot afford 3rm, buy 2 rm flats. Buy according to how deep is your pocket. See, everyone will have a roof over their head. And it will be still Swiss standard, though smaller. And the advantage is that smaller area to clean. Progress!

The pros and cons of LKY in Malaysia

Despite the years of battling him and attacking him, there is a big change in the mood of the younger Malaysian leaders towards him. They have disagreed, opposed each other, and fought, but on the personal level they still respect this towering leader of 50 years in power. They could see his wealth of knowledge and want to know how he sees and reads the political trends, and how to bring a country forward in economic, social and political developments. From the reports coming out from Malaysia, the visit LKY is well appreciated and seen positively as a great statesman wanting to share and understand what is going on in Malaysia, and the importance of Malaysia Singapore relations. This love hate relations aside, the presence of LKY in Malaysia is probably a bigger event than if an American president were to be there. On the cons side, his immense presence still overshadows the rest of the younger Singapore leaders. As long as he is around, all the attention will go to him. Everyone will want to listen to him, talk to him, be seen with this mammoth leader of the 20th Century stretching into the 21st Century. In many ways this is bad for the younger leaders to grow and be their own men, carving out a presence for themselves. They will have a hard time breaking out of the canopy of this huge tree, to be seen. As long as the thick canopy is there, you can't really see what is beneath, or even notice anything there. The fortunate thing in Malaysia is the parting of ways with Mahathir to let the younger leaders more breathing space to choose their own destiny. The continued presence of LKY in the Singapore leadership is a blessing, as well as a curse in a way, to the younger leadership here.

LKY in Malaysian Tour. What a pity?

LKY is in Malaysia, touring the states and meeting the Malaysian leaders from the govt and the opposition. He is there to feel the ground, cultivate new relationships with the new leaders. Yes, it is a pity that he is doing it. It should be Hsien Loong doing it. Hsien Loong needs it more than him. He is history in the making. What will happen now is that he will tell the Malaysian leaders about Hsien Loong. And Hsien Loong will hear from him about the Malaysian leadership. All second hand news instead of Hsien Loong feeling the pulse himself and developing a new relationship with the people he has to deal with during his term in office. There is nothing better than being there himself, and assess the situation and mood himself. Who is in charge?

What charity or charity from who?

While some quarters of the population are heaving a sigh of relief with the handouts from the govt, one may want to ask what charity and where were the money coming from? From taxation, profits from ministries, stats boards, GLCs? From CPF? Imagine a pool of 2 million workers contributing an average of $500 pm to the CPF, from both employer and employee, this will come to $1b a month or $12b a year!(on a 12 mth basis). And this money is to be kept almost forever, or at least some, till the contributor is dead. Put it another way, it is the people lending money to CPF/govt. After knocking out the interests of 2.5/4%, if there is a profit of 2%, that is $240m annually. Ok, after the recent debacle, there could be negative profits or even losses. But if there is no unduly high risk investment, a 2 or 3% profit over the interest payable to the contributors should not be an issue. The point I am making is that the people is contributing to their own charity just by the CPF contribution alone, not even touching on the revenue of the state which is also the people's money.

An apathetic populace is good

50th Year: An apathetic people Affluent, educated, yes - but we've also become a dispassionate people with little interest in politics and the government; it augurs ill for nation-building. By Seah Chiang Nee. June 6, 2009 The above article is posted in www.littlespeck.com. I would like to modify that statement a little by looking at it positively. A dispassionate people with little interest in politics and the govt augurs well for a paternalistic govt that would want to dominate over the people, controlled them and make all the decisions for them. It also augurs well for the preservation of a single dominant party and hinders the political maturity of a people. It will always be the govt and the people on two sides, the governed and the being governed. Is this good? I never believe that nurtured or cultured greenhouse plants can withstand the elements when the roof collapses. They need a sheltered environment and artificial fertilisers to grow well.