The result speaks for itself. The taxi fare hike has achieved the results that commuters wanted. All the complaints about no taxis, long queue and long wait for taxis is now over. Commuters need only pay a little more to get a taxi faster. Isn’t this what taxis are all about compare to taking buses and MRTs? The taxis provide a different level of service, more privacy, more comfort, faster and convenience. It is only right that commuters have to pay more.
And taxi drivers need to have their incomes raised given the high cost of operation and high cost of living. Let’s be fair to them. And now they need not have to work so hard, and longer to get the same or a bit more income.
Some drivers may complain of lower income yesterday. This will be pass as commuters get use to the higher fare. It is all psychology, nothing to worry about. To those who have to depend on taxis, it is an essential service and they have no choice, no matter how high is the fare, they will have to take taxis. There is a captive market for the taxi operators. And if the buses and MRT slacken and the services deteriorated, or if they put less trains/buses out or curtail their operating hours, the taxi drivers will find more commuters going back to them.
I still find it too cheap and not good enough. When I can snap a finger and a taxi will quickly coast in front of me, smiling and so courteous to pick me up, don’t mind paying higher fare, then I will start to take taxis. You pay the price for the quality of service. Higher price, better service mah. Now stop complaining, just pay.
12/12/2011
How much can Premium Outlet take from Orchard Road
The JB Premium Outlet selling branded goods has started with a big bang. Singaporeans as usual are visiting there to check the competition. When there is good bargain you can count on the Singaporeans to be there. I am quite pleasantly disposed to the competition given the cut throat business here. When everything is being charged a premium as if Singaporeans have no other alternatives, Premium Outlet is JB is most welcomed.
How much would it be able to snatch from Singapore, particularly from Orchard Road? The crème ala crème tai tais and the super rich would not be tempted by the inconvenience. But there is a section of the converts that are price sensitive and would not mind the hassle. The lesser the hassle, the greater will be this group. If Premium Outlet can take on 30% it will be good. This will force the rentals to go down or the shops to close down. And if they could take on 50%, then Orchard Road would not be the same again.
Why am I feeling good about this? But of course, the Malaysians have a lot of work cut out for them and they could easily unwind everything and all the goodwill and it will be back to square one.
How much would it be able to snatch from Singapore, particularly from Orchard Road? The crème ala crème tai tais and the super rich would not be tempted by the inconvenience. But there is a section of the converts that are price sensitive and would not mind the hassle. The lesser the hassle, the greater will be this group. If Premium Outlet can take on 30% it will be good. This will force the rentals to go down or the shops to close down. And if they could take on 50%, then Orchard Road would not be the same again.
Why am I feeling good about this? But of course, the Malaysians have a lot of work cut out for them and they could easily unwind everything and all the goodwill and it will be back to square one.
Myanmar, Asean’s success story
When the evil Empire persisted on tagging the evil badge on Myanmar and pressurizing Asean to boycott the Myanmese govt, Asean stood firm and insisted to do it its own way. Asean would engage Myanmar and seek changes through dialogue and diplomacy, not sanctions and threats of regime change. Myanmar was accepted into Asean whose economies and political systems were a far cry from the military dictatorship. In the process, Myanmar is creeping slowly towards the Asean way of doing business.
The visit of Hilary Clinton to Myanmar is the sign of success of the Asean way. Through its association with Asean, Myanmar is changing slowly but positively to engage the rest of the world. Without the optimism and willingness to accommodate Myanmar, and if Asean were to be coerced by the US and join the band of international gangsters, Myanmar could have remained isolated and going it alone. There would not be any visit of Hilary to talk about.
The way forward, the Asean way, is through patience and dialogue, not sabre rattling and threats or coercion that the evil Empire is used to. But this small achievement by Asean could quickly be forgotten if the Association blindly allows the US to assume the leadership of Asean and the region, and go on the war path through military alliances and threats of war.
Could the Asean leaders see their success, that the Asean way is the Way and not succumb to US pressure to take on a confrontational and belligerent path in inter state diplomacy in the region? Would the US go the Asean way or Asean go the Empire’s way?
The visit of Hilary Clinton to Myanmar is the sign of success of the Asean way. Through its association with Asean, Myanmar is changing slowly but positively to engage the rest of the world. Without the optimism and willingness to accommodate Myanmar, and if Asean were to be coerced by the US and join the band of international gangsters, Myanmar could have remained isolated and going it alone. There would not be any visit of Hilary to talk about.
The way forward, the Asean way, is through patience and dialogue, not sabre rattling and threats or coercion that the evil Empire is used to. But this small achievement by Asean could quickly be forgotten if the Association blindly allows the US to assume the leadership of Asean and the region, and go on the war path through military alliances and threats of war.
Could the Asean leaders see their success, that the Asean way is the Way and not succumb to US pressure to take on a confrontational and belligerent path in inter state diplomacy in the region? Would the US go the Asean way or Asean go the Empire’s way?
The End of Progress
While we I was kpkb about the illusion of progress, economist Professor Graeme Maxton wrote a book titled ‘The End of Progress’. His main theme is rather familiar. The obsession for the word progress by modern economists is going to run down this earth. Progress as interpreted by the modern economists, is laced with greed and irresponsibility, is violating the basic principles expounded by the great Adam Smith.
Govts today wave the word progress as if it’s the end all prize for any modern being. You want progress or not? Progress is even used as a threat to frighten the lay people, invokes fear in them that their life style will suffer without progress. So every donkey will shout, yea, yea, we want progress.
Today’s progress, in the macro level, is going to eat up all the resources this world is able to provide, from minerals, energy, vegetation and livestocks. Progress will lead the world’s population to a point of exhaustion, running out of everything, even land to farm and to live. Imagine every country only thinks of increasing its population in order to progress? Quite silly isn’t it?
At the micro level, progress often is an illusion when everything is eaten up by inflation. When money is inflated to give the illusion of wealth while in real terms, nothing change. In many cases, the money value is even smaller than before.
Is it progress to live in smaller and smaller flats? Is it progress when one is deprived of the convenience of car ownership? But we have limitations of land and owning bigger living space and cars are not possible. Oh, I see, we have limited land! How so, how is it that we don’t know? Why is this not taken into consideration when the little space is flooded with people and more people? We need to progress, of course. The bigger population will lead to more progress.
I can’t beat this kind of argument. We shall have more progress then, and progress to living in dog’s kennels and take public transport.
Thank you Prof Maxton, to tell the nitwits what it really is, I mean progress. Still want progress, still want to be threaten with no progress? If the cost of living is lower, the same unit of money will have greater purchasing power and is progress in better quality of life. It is foolish to think progress when every cent earn is eaten away by inflation. It is fiction.
Now, for a start, don’t believe in anyone that says smaller space is good, is progress. And not owning a car is a natural thing and also a price to pay for progress.
Govts today wave the word progress as if it’s the end all prize for any modern being. You want progress or not? Progress is even used as a threat to frighten the lay people, invokes fear in them that their life style will suffer without progress. So every donkey will shout, yea, yea, we want progress.
Today’s progress, in the macro level, is going to eat up all the resources this world is able to provide, from minerals, energy, vegetation and livestocks. Progress will lead the world’s population to a point of exhaustion, running out of everything, even land to farm and to live. Imagine every country only thinks of increasing its population in order to progress? Quite silly isn’t it?
At the micro level, progress often is an illusion when everything is eaten up by inflation. When money is inflated to give the illusion of wealth while in real terms, nothing change. In many cases, the money value is even smaller than before.
Is it progress to live in smaller and smaller flats? Is it progress when one is deprived of the convenience of car ownership? But we have limitations of land and owning bigger living space and cars are not possible. Oh, I see, we have limited land! How so, how is it that we don’t know? Why is this not taken into consideration when the little space is flooded with people and more people? We need to progress, of course. The bigger population will lead to more progress.
I can’t beat this kind of argument. We shall have more progress then, and progress to living in dog’s kennels and take public transport.
Thank you Prof Maxton, to tell the nitwits what it really is, I mean progress. Still want progress, still want to be threaten with no progress? If the cost of living is lower, the same unit of money will have greater purchasing power and is progress in better quality of life. It is foolish to think progress when every cent earn is eaten away by inflation. It is fiction.
Now, for a start, don’t believe in anyone that says smaller space is good, is progress. And not owning a car is a natural thing and also a price to pay for progress.
How to trade in a market controlled by big funds
I am not going to reinvent trading methodologies to make money in the stock market. Many will still advise clients to buy low sell high, to follow charts, to follow all kinds of formula to make big profits in the stock market. People who still believe in these methodologies are still living in the dark ages.
The stock markets today are no longer the stock markets of yester years. Stock markets today are infested by big funds with super computers to monitor every trade, to play against every investor, and take the best computed positions against them, to come out the winner. Someone says it is like playing against Robocop. How many can beat the Robocop? Why are they allowed to do it is a different story, a story of ethics and morality.
Many are still following faithfully and religiously on their sure win methodology and game plan and still losing. When they think it is time to enter the market, when they think the price is low, they were wrong. Confirm, double confirm. The price would go lower. Sometimes they may make a bid or two and think their methodology is right. They did not know that at those moments, the computer was biting on other bigger gains and they happened to be on the side of the computer.
They are still some syndicate plays that are making good money. These are the real winners with the right methodology, which they would not disclose to anyone. Trade secrets or whatever, there are small pockets of winners in this new game. Other than them and Robocops, the rest are condemned to be losers.
Anyone still day dreaming of beating the Robocop and his super computers with his grand plans and grand strategies? Please, remove your blinkers. The only method to be on the winning side is to know what the computers are doing and be on the side of the computers.
An equivalent example of the game so far is the 4D run by the Tote Board. By sheer odds, the operator is likely to make a certain profit. What if the operator uses the data available in his computer on who bets on what and how much will be the payout of each number? And with the super computer, the operator decides which number to open for maximum profit instead of the current method of pure chance. The Tote Board even go to the extent of ensuring that there is no cheating, that pure chance is truly pure chance, no one allowed to use his computer to his advantage.
See the difference?
The stock markets today are no longer the stock markets of yester years. Stock markets today are infested by big funds with super computers to monitor every trade, to play against every investor, and take the best computed positions against them, to come out the winner. Someone says it is like playing against Robocop. How many can beat the Robocop? Why are they allowed to do it is a different story, a story of ethics and morality.
Many are still following faithfully and religiously on their sure win methodology and game plan and still losing. When they think it is time to enter the market, when they think the price is low, they were wrong. Confirm, double confirm. The price would go lower. Sometimes they may make a bid or two and think their methodology is right. They did not know that at those moments, the computer was biting on other bigger gains and they happened to be on the side of the computer.
They are still some syndicate plays that are making good money. These are the real winners with the right methodology, which they would not disclose to anyone. Trade secrets or whatever, there are small pockets of winners in this new game. Other than them and Robocops, the rest are condemned to be losers.
Anyone still day dreaming of beating the Robocop and his super computers with his grand plans and grand strategies? Please, remove your blinkers. The only method to be on the winning side is to know what the computers are doing and be on the side of the computers.
An equivalent example of the game so far is the 4D run by the Tote Board. By sheer odds, the operator is likely to make a certain profit. What if the operator uses the data available in his computer on who bets on what and how much will be the payout of each number? And with the super computer, the operator decides which number to open for maximum profit instead of the current method of pure chance. The Tote Board even go to the extent of ensuring that there is no cheating, that pure chance is truly pure chance, no one allowed to use his computer to his advantage.
See the difference?
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