New brooms needed

The western economies are all in deep shit. Even those that have not announced anything, pretending that all is well, including France, Germany and UK, who knows how big are their national debt. They cannot be too far from what is happening to the other European countries and the US. They employed the same breed of people from the same school of thoughts and practicing the same flawed formula of spending now and pay later. And Japan is no exception. They had done well in the past from simple economies to huge complex economies. And they were applying the same old methodology of growth and management. Of course they thought they were damn brilliant by printing papers and trading papers to churn huge profits in double quick time, on paper, without real production growth. The best analogy will be our local banks. Starting from small little banks and grow to what they are today on hard work and low pay. The harder they work, the longer they work, the lower they pay, the bigger the profit margin. And they are now at a cross road. Old methods and old tricks don’t work anymore. What is the solution? It’s elementary. They need qualitative change, new thinking and new ways of doing things. In short, the old banks, the old economies, all need new talents. They need fresh minds and fresh ideas. These new talents will teach them how to make big profits by working less hard, working shorter hours, working smart and by paying more. Our local banks need to be managed by foreign talents if they want to transform themselves into big global players. The American and European economies need the same foreign talents to give them a new breath of life. The best talents should be those of different molds, from India and China. On the other hand, India and China would need the foreign talents from America and Europe as their economies are still in the adolescent stage. The developed economies and the developing economies should swap their talents and called them foreign talents. Then all will be well. Foreign talents will be the most innovative and successful formula for the future. The new economies are rich and can afford to pay more to their foreign talents. The old economies are poor and bankrupt and cannot pay much but what they pay to foreign talents from the new economies would still be considered a lot. Everyone will be happy with the exchange.

What happens DBS?

Peter Seah is talking about the next CEO of DBS that shall preferably be a Singaporean. For 20 years, DBS had 4 CEOs after Kee Choe, and all were foreigners. Why? DBS could not find a Singaporean to fit the shoe and only foreigners could? Does DBS have a succession plan to groom its local executives to fill the position? Or is it that all the local talents are simply not good enough? Both reasons are difficult to accept. There must be a succession plan. There must be good locals that can fill the CEO position. We will be a laughing stock if after so many years we still fail to find a local that can become the CEO of its biggest govt bank. The alternative to recruiting Singaporeans as DBS CEO is to find a foreigner and then give him a red passport. I think that could do. We could do likewise for our PM post if we can't find a good enough Singaporeans to fill the shoe.

SDP asking the govt to take full responsibility

SDP is asking the govt to take full responsibility for the graffiti breach. I think this is getting a bit too far. Can blame it on god or not? Eh, don't anyhow point finger can? SMRT may have the S before the MRT, but it is a private company run by private individuals. It has nothing to do with the govt. Temasek and GIC are also run by professional managers. Even privatised hospitals are privatised. Cannot anyhow blame the govt lah. And please don't put too much pressure on organisations to beef up security. Some jokers may just up the ante and go for the full works with private armies and a 20ft wall. And the cost will simply be passed off to the consumers and every commuter will be LL. Let's cool down and look at the problem objectively and don't politicise it. It is just a security breach, or just some cheeky artists trying to be funny.

Jong Tae Se moved to tears

He was born and brought up in Japan. He is a North Korean striker at the World Cup representing North Korea. He was in tears when the North Korean National anthem was played. This is the kind of national pride to be a citizen of a country. He needed not return to his 'poverty stricken country according to western reports.' He could stay in Japan and live a good materialistic life. But his heart is in his home country. He ached for not scoring a goal against Brazil. The great fighting spirit of the North Koreans has won the hearts of many around the world. Their Southern brothers are all in admiration of what they have done. They are one people and one nation but divided at the moment. And they never forget that they are one. I hope this World Cup will bring the two divided states and people closer and to reunite eventually. Let not the evil countries try to fix them up and make them go to war to kill each other. The world will be a better place if the two Koreas are reunited as one country. North Koreans and South Koreans should rise to the occasion to show the world that they are one people. They are Koreans, nothing more, nothing less.

Town Council Report was not political!

Low Thia Khiang should not politicise the Town Council Report. It is not political. Period. Let's move on. I make this comment after reading a headling in Today, 'WP's Low pursuing political objectives: Grace Fu.' The Report is an objective an unbiased account of the performance of the Town Councils. Low's position that Town Councils getting more funding is beside the point. More funds or less fund, they should perform equally well. Ok, Ok, you can all disagree with me on this point. I think with the Town Council Report becoming such an objective and impartial tool for measuring performance, we could see more relevant factors being included in the near future. And to be fair to all parties, to avoid being look at sceptically by doubters, to avoid being sneered at, there will be more transparency coming out, I believe. After all transparency is a great virtue that we believe in and is the corner stone of good governance. The govt has been preaching it all the time. Low And Chiam should be patient and wait for Grace Fu to lay out all the regulations and criteria on the fundings and qualifications for upgrading of estates. We shall all look forward to that. Amen.