Hi,
My works are now featured in Artsy Shark hosted by Ms Carolyn Edlund effective today. Please visit http://www.artsyshark.com/2013/06/17/featured-artist-chua-chin-leng/ to enjoy the paintings and write ups.
My project in indiegogo.com, a crowd funding platform is awaiting support from art lovers who can appreciate what a piece of art from Mother Nature means. Please visit http://www.indiegogo.com/projects/paintings-of-gods/.
Cheers.
6/17/2013
The pathetic state of Singaporeans in the banking and finance industry
We did not become a financial centre yesterday. We have built a good
reputation as a financial centre for the last 50 years. We are perhaps
the most advanced financial centre in the region. And we don’t have the
financial talents and needed to fill the top management positions with
talents from third world countries when their financial systems are at
best rudimentary. Maybe I am wrong, the financial industries of third
world countries are superior and they have superior finance talents too.
And given that they are better, it is only natural that third world
talents should fill the top management positions of this first world
financial centre.
Tharman and Chuan Jin have been talking to the CEOs of the banking industry to right this pathetic situation, to rebalance our lousy talents or to train our lousy talents for top management positions. Or is it just to make up the numbers, with many doing the backroom work or as junior staff? If nothing is done quickly, it will become a vicious negative cycle and Singaporeans will all be relegated to the backroom or to work in middle or lower management positions. Our banking industry will become heavily dependent on foreigners and can be held at ransom by them threatening to pull out. How did we work ourselves into such a shitty situation? What have our super talents been doing? On holiday or counting money in their bank accounts?
This is what Tharman said, ‘There are differences between the banks – some of them have Singaporeans much better represented in the range of functions, some others have Singaporeans pretty much in the middle and back office…’ Is this good enough? This is Singapore and not Timbuktu. Singaporeans should be represented in top management levels in most of the banks, particularly local banks. This is what developing a Singaporean core is all about.
The composition of foreign banks may be a bit more tricky to expect more Singaporeans in top management. But there is no reason why the top management of local banks should be staffed with so many foreigners. This kind of situation is a reminder of the colonial days when the colonial masters sat at the top to order the subjects, who were designated mainly as clerks or chief clerks, around. Are we taking the path back to the good old days when foreigners are our bosses? If we are just a corporation, a MNC, then there is nothing wrong with it. But we are a country, a nation, and this is our country, our nation.
Talking about training Singaporeans to fill top management positions? What nonsense! Shouldn’t Singaporeans have acquired enough expertise and experience to be training third world talents instead of third world talents training Singaporeans?
Someone or somewhere got short circuited and thinks that this island does not belong to Singaporeans anymore? And Singaporeans are from the third world, ignorant, unsophisticated and needing assistance and training from third world experts sent in by UNESCO. Singaporeans are begging to be trained by third world experts.
Tharman and Chuan Jin have been talking to the CEOs of the banking industry to right this pathetic situation, to rebalance our lousy talents or to train our lousy talents for top management positions. Or is it just to make up the numbers, with many doing the backroom work or as junior staff? If nothing is done quickly, it will become a vicious negative cycle and Singaporeans will all be relegated to the backroom or to work in middle or lower management positions. Our banking industry will become heavily dependent on foreigners and can be held at ransom by them threatening to pull out. How did we work ourselves into such a shitty situation? What have our super talents been doing? On holiday or counting money in their bank accounts?
This is what Tharman said, ‘There are differences between the banks – some of them have Singaporeans much better represented in the range of functions, some others have Singaporeans pretty much in the middle and back office…’ Is this good enough? This is Singapore and not Timbuktu. Singaporeans should be represented in top management levels in most of the banks, particularly local banks. This is what developing a Singaporean core is all about.
The composition of foreign banks may be a bit more tricky to expect more Singaporeans in top management. But there is no reason why the top management of local banks should be staffed with so many foreigners. This kind of situation is a reminder of the colonial days when the colonial masters sat at the top to order the subjects, who were designated mainly as clerks or chief clerks, around. Are we taking the path back to the good old days when foreigners are our bosses? If we are just a corporation, a MNC, then there is nothing wrong with it. But we are a country, a nation, and this is our country, our nation.
Talking about training Singaporeans to fill top management positions? What nonsense! Shouldn’t Singaporeans have acquired enough expertise and experience to be training third world talents instead of third world talents training Singaporeans?
Someone or somewhere got short circuited and thinks that this island does not belong to Singaporeans anymore? And Singaporeans are from the third world, ignorant, unsophisticated and needing assistance and training from third world experts sent in by UNESCO. Singaporeans are begging to be trained by third world experts.
Over paying the super elite
It affects everyone when the system overpays in whatever ways. One
unspoken and may be unnoticed fact is the grotesquely over paying of a
super elite group in our system. This group of beneficiaries has
members mostly in their 60s, 70s or older. These are very able people
who have made good in life, with a lot of wealth and do not need a
single cent more to live a life of unbelieveable comfort and
convenience. They have everything material in excess. And with their
dying years, many of them are going to die very very rich, with a lot of
money unspent.
And they are still being paid by huge pensions, chairmanship, directorship fees, association fees, acquaintanceship fees, appearance fees etc etc. Many have long retired, many long past their useful lives, many past their shelf lives. But they are still collecting hundreds of thousands or millions annually, to fatten their bank accounts that they will have serious trouble using them.
For every one of these super elite, the amount paid could have been spread to hundreds or thousands of more needy people and make their lives so much better. On the other hand, paying these elites another million or a few more hundreds of thousands has become meaningless. It does not make a difference in their lives anymore than for them to smile at the bank statements showing how much more they are getting, that is if their face muscles still allow them to smile.
It is not that they are all worthless and not contributing or useless in what they are doing. The point is that they are in semi retirement, in retirement, or some, just passing time attending board meetings. But the most pertinent point is that what they are taking from the system is taking a toll on the income of many people, and making the lives of many people less comfortable. This need not be.
And this pool of super elites is swelling by the days. They are going to live till 80s or 90s, which means that the system must cater a budget to pay them the ransom they are demanding. The system cannot afford to keep feeding a group of super elites, oldies, that kind of obscene payouts for 30 or 40 years each. The money must come from somewhere. Where do you think this money is coming from? Who do you think is paying for them?
This system of paying the super elites crazily when they don’t need the money is best to be toned down, give them a small honorarium for their presence and wisdom. It is already an honour to have them, to give them some purpose and a little contribution, a status, a recognised position, a big title in some cases. What more do they want when money is no longer an issue in their lives?
It is necessary to redistribute the wealth of the country to those who really need them and not to those who don’t need them, those with abundance of money, and doing really very little except to grace the occasion and be in good company, to be adored in reverence.
And they are still being paid by huge pensions, chairmanship, directorship fees, association fees, acquaintanceship fees, appearance fees etc etc. Many have long retired, many long past their useful lives, many past their shelf lives. But they are still collecting hundreds of thousands or millions annually, to fatten their bank accounts that they will have serious trouble using them.
For every one of these super elite, the amount paid could have been spread to hundreds or thousands of more needy people and make their lives so much better. On the other hand, paying these elites another million or a few more hundreds of thousands has become meaningless. It does not make a difference in their lives anymore than for them to smile at the bank statements showing how much more they are getting, that is if their face muscles still allow them to smile.
It is not that they are all worthless and not contributing or useless in what they are doing. The point is that they are in semi retirement, in retirement, or some, just passing time attending board meetings. But the most pertinent point is that what they are taking from the system is taking a toll on the income of many people, and making the lives of many people less comfortable. This need not be.
And this pool of super elites is swelling by the days. They are going to live till 80s or 90s, which means that the system must cater a budget to pay them the ransom they are demanding. The system cannot afford to keep feeding a group of super elites, oldies, that kind of obscene payouts for 30 or 40 years each. The money must come from somewhere. Where do you think this money is coming from? Who do you think is paying for them?
This system of paying the super elites crazily when they don’t need the money is best to be toned down, give them a small honorarium for their presence and wisdom. It is already an honour to have them, to give them some purpose and a little contribution, a status, a recognised position, a big title in some cases. What more do they want when money is no longer an issue in their lives?
It is necessary to redistribute the wealth of the country to those who really need them and not to those who don’t need them, those with abundance of money, and doing really very little except to grace the occasion and be in good company, to be adored in reverence.
6/16/2013
NTUC helping PMEs
‘During the first “Future Leaders Summit” organised by NTUC yesterday (15 Jun) aimed at reaching out to professionals, managers and executives (PMEs), NTUC Deputy Secretary-General Heng Chee How said NTUC will do more to help the PMEs.
This will include providing assistance in skills upgrading, and more seminars and workshops….
He said, “The PMEs would also certainly face challenges at work, both in terms of looking for work, or placement, as well as progression – how they can make good in their respective careers….’
How to help the PMEs when they do not know how? Ask a simple question, why are the foreign and local companies employing foreigners instead of Singaporeans? Definitely the Singaporeans, schooled in the best universities and colleges, some with big city and big corporate experiences, cannot be worst off than those from third world countries even if their qualifications and experience are genuine. All things being equal, it can only mean that whatever training or courses we are giving or are going to give are inferior or not the right thing to give. It is better to send these PMEs for courses in third world countries or get the third world countries to come here and train our first world PMEs on how to find a job, how to qualify and upgrade themselves to make them more marketable. It is so sick to think that this is what our super talents believe in.
This is the reality on the ground, not training for the sake of training as if it is the panacea for employment and getting a good job. The other reality, a very painful one that the govt is still not doing much about it, is that the employment agencies and the foreign companies chose to recruit and employ their own kind. Why don’t our own employment agencies and govt and govt linked companies do the same, employ our own kind? This simple act of positive discrimination for our own citizens will solve all the PME problems. No need to waste time and resources on courses and training.
The assumption that our PMEs are not suitably qualified or lack the skills is false. Yes, our PMEs are being cheated of jobs here.
And the sad part is the local companies, including govt and GLCs are also happily and busily employing foreigners and not Singaporeans. For every foreigner our govt and GLCs employed, one Singaporean missed the boat. It is bull to say that the tens of thousands of Singaporeans are only good to drive taxis.
You want the truth?
Another reason to go to Hong Lim
MOE Offers SIA Youth Scholarship for Indian Students Only
Indiancolleges.com, 15 Jun 2013
Ministry of Education, Singapore is offering SIA Youth scholarship for Indian students in Singapore.
Study Subject(s): Courses offered by Singapore Junior Colleges.
Course Level: Scholarship is available for pursuing Singapore-Cambridge General Certificate of Education ‘Advanced’ (GCE ‘A’) Level (or equivalent) certificate.
Eligibility:
-Nationals of India
-Born between 1995 and 1997
-Completed Standard 10 in the Year 2013
-Possess outstanding academic track record (at least an average of 85% / minimum ‘A’ with English as first language in the Standard 10 State/National examinations)
Duration of award(s): The Scholarship is for 2 years of Pre-University studies in selected Singapore Junior Colleges and is renewed annually subject to the satisfactory performance of the scholar.
What does it cover?
-Annual allowance of S$2,400 with hostel accommodation
-Settling-in allowance of S$500 (once only)
-Return economy class air passage
-Coverage of school fees (excluding miscellaneous fees)
-Coverage of GCE ‘A’ Level examination fees (once only)
-Subsidised medical benefits and accident insurance cover.
How to Apply: There are 2 modes of application — online or hardcopy application. Each applicant should submit only ONE application and the online mode is recommended. Please do not send in a hardcopy application if you have already applied for the scholarship online and vice versa.
Scholarship Application Deadline: July 14, 2013
Ministry of Education, Singapore is offering SIA Youth scholarship for Indian students in Singapore.
Study Subject(s): Courses offered by Singapore Junior Colleges.
Course Level: Scholarship is available for pursuing Singapore-Cambridge General Certificate of Education ‘Advanced’ (GCE ‘A’) Level (or equivalent) certificate.
Eligibility:
-Nationals of India
-Born between 1995 and 1997
-Completed Standard 10 in the Year 2013
-Possess outstanding academic track record (at least an average of 85% / minimum ‘A’ with English as first language in the Standard 10 State/National examinations)
Duration of award(s): The Scholarship is for 2 years of Pre-University studies in selected Singapore Junior Colleges and is renewed annually subject to the satisfactory performance of the scholar.
What does it cover?
-Annual allowance of S$2,400 with hostel accommodation
-Settling-in allowance of S$500 (once only)
-Return economy class air passage
-Coverage of school fees (excluding miscellaneous fees)
-Coverage of GCE ‘A’ Level examination fees (once only)
-Subsidised medical benefits and accident insurance cover.
How to Apply: There are 2 modes of application — online or hardcopy application. Each applicant should submit only ONE application and the online mode is recommended. Please do not send in a hardcopy application if you have already applied for the scholarship online and vice versa.
Scholarship Application Deadline: July 14, 2013
I copied the above from Singapore News Alternative. I
presume that this is real and not a hoax.
Can we spend the money on our children? I am sure this is not the only advert to one
country. There must be more adverts to other countries? How many such
scholarships will be given out and how much is the total? Can the MP ask in
Parliament how much money have been spent on these scholarships and what is the
annual budget. Also why is the govt spending money on other people’s children
and not on our children? Is it because we got poor stock?
Why keep throwing taxpayers money to foreigners and children
of foreigners? This is our money and any govt spending the people’s money
better account to the people.
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