More foreigners snapping up private properties

Is this news? It does not take much to buy up this piece of rock. And if the property market is open to foreigners all over the world, what is there to stop them from throwing their spare cash to wipe up everything? The foreigners in this case are the super rich, and there will always be the super rich. Let’s take a bet when the whole island will be sold to foreigners, I mean the private properties.

Different views on the ministers’ salaries

Even when Hsien Loong appointed a review committee to look at the ministers’ salaries, an indirect admission that something is not right, there are still some quarters willing to accept what it is. A letter in the ST forum talks about provisions of KPIs and measuring performance to justify the loony salaries. Really, if you let the loonies do what they want, they will pay themselves not just a few millions, but tens or hundreds of millions. I called them robbers. They are found mainly in New York where the top executives of the financial industries are exactly doing that. Even the CEO of the stock exchange was grabbing hundreds of millions at one time. There are no jobs, I mean as an employee drawing a salary, that should be paid hundreds of thousands a month except in gambling or maybe in sales. Leave aside the specialized skills, especially those involving life and death, when the practitioner can demand anything under the sky if there is a willing customer to pay for it. How could a CEO whose tasks are mainly administrative and decision making justify a $500k or $1m salary a month? Oh, his decision involves millions and billions. So by saying yes or no to billions, he must be paid a percentage of it? This has been a key justification so far. There will be different views on this. Fair enough, if the decision is right, he gets his percentage cut. What if it is wrong, is he willing to cough out a percentage of the mistake? The other justification is always the market. Let the market forces decide. Shouldn’t that be the case? In the case of political offices, there is an international market that could be used to give a reference point, at least on the upper limits and lower limits. Why is this not used? No matter how exceptional, how unique, no one in his right mind will think it is not loony to pay the head of govt in a little piece of rock more than the head of the US or any major developed country. Our talents are super talents, world best? I have no delusion about that. Our problems are exceptional and demanded extraordinary human feats. I too have no delusion about that. While the two camps are throwing out their views in the media, new media versus old media, we will have to wait for the Review Committee for their recommendations. In the meantime the supporters of loony salaries will get their views heard. The detractors too will know where they can get their views published and heard.

It's over

The lady is walking away, sad that the relationship is over. The guy is in shock. How could it be? How they felt were written all over their faces. This is an image formed by Koi fish. More pics in Art of RAR Gallery at top right.

Indians are the best financial brains

Tharman is not only the Finance Minister, he is also Chairman of MAS. And he is also Chairman of IMF’s International Monetary and Financial Committee. The MD of MAS is also an Indian. The CEO of DBS is an Indian. The CEO of CitiBank and probably several American banks and financial institutions are also of Indian origins. And the finance graduates of Indian Universities are in great demand both in the US and Singapore. The Indians have crafted a niche in the American finance industry, occupying many top and senior positions. Needless to say, many Indians are in the top echelons of the UN and IMF. The Indians shall be very proud of their finance talents and their achievements, especially Tharman, who is widely tipped as the next minority PM of Singapore.

Politicians are servants of the people too

Politicians are servants of the people. Are civil servants also servants of the people? Why should civil servants serve the people in the comfort of govt offices built and paid by the public coffers while politicians have to meet the people in void decks or in places at their own expense? Is the work and service of politicians less important than those of civil servants? We have built comfortable office buildings for Town Councils and Community Clubs for the PAs to serve the people. Is it too much to provide a reasonable office place for the MPs to serve the people in these institutions? The allowance paid to MPs will not be enough if they have to pay for an office space just to look after the people. In principle it should not be so. It is public service, and free service to the people. It is also a duty to the people. The MPs are elected by the people to serve the people and solve their problems. If the civil servants are entitled to proper office space, why can’t the elected representative of the people be entitled to one as well? It is pathetic to see the people meeting their MPs in void decks which are not meant for such purposes. Would there be a mindset change? Maybe we cannot afford such basic necessities for a servant of the people. The servants of the people can only meet the people in void decks or any little corners that are permitted by the authorities, or they will have to pay for the place. How many would accept this kind of logic inherited from the past? Change? Change is a very difficult thing to do if the heart is not there.