myth 145

Finally David Gerald called it a myth The independence of independent director is a myth. I have said that before and now David Gerald is putting it on record in the media. The mechanism in the appointment of independent directors in contrary to the objective of having independent directors. David has agreed with my suggestions that an independent body must be appointed to provide directors unrelated to the organisation and its management. Only then can independent directors function independently and speak with a strong and impartial voice to self guard the interest of minority shareholders. I have suggested that MAS or SGX appoint SIAS as such a body. David has included included SID and two accounting bodies. I personally do not favour SID or any other bodies. I still prefer SIAS whose members are minority shareholders and have a genuine interest to safeguard their own interests. You need the owners, especially minority owners, to look after their own interest. Never trust anyone else.

We are progressing

We have over taken New York as the 14th most expensive city to live in. The rate of this climb is short of meteoric. From 46th in 2004, we leapfrogged to 34th and then 17th and today 14th. Our next target is Hongkong, currently 5th. We only lost out in rentals. Our public transport cost is already almost double that of Hongkong and our hamburger meal is $1.50 more. Maybe we have already over taken Hongkong as the report was probably based on last year's data. The phenomenon rise in our property prices and rentals is beating all records. If we have not beaten Hongkong yet, we are very close. By the time we are 6.5 million, the top slot will definitely be reserved for us. Then we can tell the world we are number one again.

Its the fault of the Internet

No it is the fault of the education system. No it is the fault of society. No it is BSE. It is so easy to blame someone else except to see the truth. The Abdul Basheer Abdul Kader incident is an exciting peep into the minds of radicals. Many conveniently point to the internet as the source of the evil. And in Today, Dharmendra Yadav quoted his foreign friend saying that it is our education system. A system that taught the people to think and acquire new knowledge but not to ask questions. What a contradiction. Now why would a professionally trained person like Abdul Basheer rejected all the goodies that he could have, the million dollar salary akan datang, to fight in the mountains of Afghanistan, to die for a cause? Perplexing questions are best answered by simple answers. It is the fault of the internet.

We believe

Segmentation of the Singapore society We are truly unique in many ways. We can even segment the property market and believed that the price spiral in the top end market will not affect the property prices of the HDB market. We also believe that the enbloc sales will be isolated and HDB prices will not rise. We believe. We just simply believe. We also believe that the GST increases can be managed and control with our unique and efficient law enforcement system that small businesses will not pass the cost to the consumers. We believe that all the businesses will simply just charge 2% of the GST and all cost remains unchanged. We also believe that the emperor is wearing his birthday suit, fully clothed.

Esplanade car parking fee up

Yes, it is from $4 to $5.50 for 4 hours of night parking. A 37.5% increase. Definitely the increase is not due to the 2% GST in July. Or else the Esplanade will be skinned alive for profiteering or taking advantage of the GST increase. For this, the most they can increase is 2%. The justification is because of higher rate of utilisation. There are more demand for the car parks there. Public transport operators should be happy to use this justification in the next round of price hike. The more people want to use a facility, it is a good reason to raise price. And in the case of the Esplanade, they should raise it more. For the comment from the car owners is an innocuous, just a bit steep. Nothing to worry about. And it is also good to know that Chijmes is charging $8, much higher. So as long as a good example is used to compare and justify the higher fee, it is ok. The fees for CTE and other expressways must go up when more motorists are using them. Another good reason is that the people parking in the Esplanade can afford it. So why not. It is affordable.

Another posh doggie restaurant

The dog food were very attractively prepared. Much much better than what one gets to eat in our food court. The dogs are living it up with their owners. Sometimes it is better to be a dog than a human bean. It is good that human beans take great care for the animals they loved. Shower them with gifts, accessories, trinkets, jewelry etc. I can only say nice. Somehow, after reading the article in the Sunday Times, I feel very uncomfortable. I got this feeling that it is very insensitive and a little sick. That's just my feeling.

It is getting nearer

Thailand is on fire. And the methodology is the same as those adopted in Iraq. Little explosive devices left innocently to be detonated to harm the people. In southern Thailand, the use of these devices is now in full blown. And the Thais are having a taste of it with many soldiers wounded or killed. And it is only the beginning. Coming further south, KL just had one yesterday at a bus station. Why on earth KL? And why the KL govt is pointing the fingers at the Thai militants in southern Thailand? God knows. What had happened in KL is too near for comfort. We cannot have such a thing to happen here. It will disrupt the lives of everyone. It is so scary and unnerving to imagine what it would be like. We have to be on our guards 24/7.

nkf story - pointing fingers

Why pointing the finger at the OA? Or at least it seems to be the case. Or at least the OA has felt it necessary to come out with figures to show that running away by bankrupts is a common occurrence. The figure did showed that the number of bankrupts escaping is on the rise. Many of them are of no significance or of no public interests. And the OA also admitted that most of the cases that were caught were due to tip offs by the public and whistle blowers. In the Richard Yong's case, there were no tip offs. The people who were helping him to quickly disposed off his properties or buying his properties did not see anything wrong with the transactions and also should not be blamed. It is just a natural cause of events. People should just live with it and should not read too much into its other implications. This is my view as I wanted to be generous on a Sunday morning. And definitely it is unfair to blame the OA.

Price increases - No sweat

Prices A relentless spiral Creeping pre-GST price hikes lighten the pockets of Singaporeans. By Seah Chiang Nee. Jun 16, 2007 MIDDLE class Singaporeans are being weighed down by rising costs of daily necessities that seem to show no sign of abatement. Hardly a week passes without a report or two of some service or bread-and-butter item becoming more expensive and biting into people’s fixed incomes. The surge started with condos (one that cost S$1mil or RM2.2 a year ago is now S$1.3mil or RM2.9) and cars, moving to the MRT, buses, taxis, hospitals, polyclinics, mail and utilities. The latest one hit some 750,000 households who subscribe to cable TV. They will soon have to pay S$4 more for the Basic Package – and a whooping S$15 (up from S$5) for the sports channels that televise English football. This has got soccer fans hopping mad with some threatening to cancel subscription, an unlikely solution since cable television is a monopoly run by a single operator. It is also the most important source of entertainment for the Singapore family, which is embittered at the arbitrary hike and the absence of a market alternative. In recent weeks, inflation worsened as merchants jumped into the bandwagon, hiking prices in restaurants, supermarkets, food courts, coffee shops and retail outlets. This affects the budget of every Singaporean but the hardest hit are the middle class and lower-income workers. To put it in perspective, not all shops everywhere are doing it and those that do are not raising prices for every single item in their premises. It is a sporadic, selective practice that depends on the person and the location. Some are reluctant to charge more for fear of losing customers. A stall near my home has just hiked his nasi lemak and mee rebus from S$2 to S$2.20. Across the road, a glass of sugar cane water is up 20 cents to S$1.20. In some places – but not all – chicken rice, the closest to a national dish here, now costs 50 cents more at S$3.50. Condensed milk, bubble tea and Campbell soup have become dearer. For consumers, the worst is to come. On July 1, Singaporeans will have to pay a higher Goods and Services Tax (GST) when it is increased from 5 to 7%. “The price increases look unstoppable and the government is either unable or unwilling to take action to deal with it,” said a retired teacher. In the government’s view, inflation here is largely imported or due to globalisation and represents only an insignificant rise in the Consumer Price Index. The only watchdog, the Consumers Association of Singapore (CASE), has been a relative bystander especially when the perpetrator is the government or a Temasek-linked company. Inflation is not only a Singaporean phenomenon. It is also threatening stronger economies like the US and China, which are considering higher interest rates to dampen it. With an expected growth of 6% this year, Singapore is not spared. But the government’s strong business role and preoccupation with the bottom line are part of the dilemma. There are other official causes. Firstly, the authorities themselves had started the ball rolling when they raised charges for public services like education, hospitals and utilities. Secondly, the government is Singapore’s biggest landowner, owning some 70% of it and thus has a powerful say on prices. Rents in Temasek-controlled commercial and shopping properties have risen significantly. The impact on the retail trade is inevitable. In addition some of these linked companies operate a total or near-monopoly services that limit market competition. “Monopolistic price increases have happened all too often,” a commentator of current affairs observed. “It is time the ministers form a committee to look into government monopoly or cartel collusion to fix prices to ensure there is no infringement of the Fair Trading Act”. What is more worrying is structural inflation. As it speeds towards becoming into a global city with a large number of rich and talented foreigners, Singapore would likely take on a new high-cost structure. Becoming another city like New York, Tokyo or Paris, stirs excitement, but the cost of living is bound to take after them as well. The present predicament may be a sign of things to come. Singapore’s economy is gradually favouring the businessman over the ordinary worker. Some economists think the price surge will eventually settle back when the economy slows. “But many of the basic food prices, once raised, will not become cheaper ever again,” exclaimed a housewife. “We’re stuck with them.” There is rumbling in the heartland where 85% of Singaporeans live. The price hikes of basic goods and services are hurting many citizens with average or low incomes. The government is watching with some concern, although it has so far taken little public steps to combat the snowballing increases. When the GST increase comes into effect next month, the Singaporean pocket will be hit even harder. He will have to pay a 7% tax of almost every product or service, unless an exemption is stipulated. The authorities are dishing out S$100-S$400 a year to each adult over next four years to mitigate its impact. The poorer people get the higher sum. Apart from possible political fallout, the government will likely want to prevent higher costs from derailing its strategy of attracting foreign investment and talent. Already American businessmen have complained that spiralling rents are creating problems for them, forcing a number to relocate elsewhere. Cases of condo rents at choice areas rising up to by 50-70% once a lease expires have been growing, a trend that could benefit Singapore’s neighbours. (This article was published in The Star, Malaysia, on June 16, 2007) Price increases are expected when the GST goes up by 2%. And the Singaporeans should have no problem facing the increases. Thanks to the govt who have the foresight to anticipate the increases and has given several hundred dollars to every Singaporeans in advance. That's thoughtful. For me, it will be more money in the kitty as I will not be spending more than before. I will cut down on my food intake, 1 pack of 3 in 1 Super Coffee instead of 2, go to the barber once in two months instead of every month, use less water, lesser colgate, lesser hair cream. And drop one station earlier from the MRT and walk. It has the additional benefit of exercising my leg muscles. And all these with govt handouts safely in the kitty. Isn't that nice?

Cries for better TV programmes

Did I hear cries for better quality programmes on local TV? Why should that be when great qualities were promised when SBC was privatised? How could that be when greater programmes were promised when the two stations were merged? These people must be joking. I mean the viewers. Haven't they heard of the fascinating and popular super talents and superstars, even kiddy idols that were drawing the crowds of mummies and kindergarten children glued to the programmes? And we have all the TV awards programmes of the past being rerun for the viewers to enjoy their second or third viewing of the Price of Peace, or what, sorry can't remember any of them. And for those who want better quality programmes, they can go to MobTV, with the likes of I yoyo or programmes starring Zoe Tay and Li Nanxing, our equivalent of international movie stars. Those who can afford can pay a little more for cable tv too. I think Singaporeans are spoilt for choice for quality programmes. And Ling Pek Ling of MDA has said that with such a wide variety of good programmes and competition, there is no need for satellite TVs. After flipping through some of the Taiwanese comedies from some Jacky something and our famous, who's that Jack Neo's side kick, and Gurmit Singh, and the gang, Singaporeans are all laughing in stitches everyday. It is a laughing paradise. Only problem with me is that my perception of beauty and good look has changed quite dramatically. A little confession. The only programmes I watch are the news programmes. The rest, can be quite provocative to the mind. Never want to have nightmares.

What is the Singapore Brand?

Many people crow about the Singapore Brand. I am also proud of this brand. To me it means trustworthiness, reliability and peace of mind. Foreigners have this respect when they come to Singapore to do business or to do whatever. They know that this is a safe place, things are proper and orderly and predictable. The last thing they want to know is being cheated. That things don't work as expected. Now, with some of the negative publicity we are getting, we are hearing Singaporeans happily throwing around the word 'caveat emptor.' Now what does that mean? It means that one has to be careful when in Singapore or when dealing with Singaporeans. And if you are cheated, it is your own problem because you never open your eyes. Has Singapore or the Singapore Brand degenerate to this level when the trustworthiness and reliability are now not a given? And Singaporeans are happily going about it as if it is just the natural course of things to be in Singapore. Actually I should have posted this under the topic, Signs of Decline.

blair unhappy with media

Blair is unhappy with the Media and his criticism is summarised in the 5 areas below. 1. Scandal or controversy beats ordinary reporting hands down. 2. Attacking motive is far more potent than attacking judgment. 3. The fear of missing out means today's media, more than ever before, hunts in a pack. 4. The new technique is commentary on the news being as, if not more important, than the news itself. 5. This, in turn, leads tothe confusion of news and commentary. And the Media's reply: 1. Responsibility for spin, cronyism, sofa government and the fatal misjudgment over Iraq lies with Mr Blair and his government. 2. We hope nothing will ever come of any attempts to place the press under any kind of statutory regulation. The British press is all the things Mr Blair says it is. But it must remain free to be both awful and, on its day, magnificent. Fortunately our media are free from Blair's accusation. Our media does not do anything that Blair accused the British media of.

Declare income to receive workfare bonus

'Singaporeans eligible for the Workfare Bonus Scheme(WBS) must declare their income by June 30 in order to receive their second and final portion of the bonus, said the Ministrhy of Manpower yesterday.' Anyone declaring?

Labour force survey or means testing?

I just completed the survey online and it still took me more than half an hour to complete it. But that is not the main issue. What I find disgusting are the questions. They are intrusive to the privacy and confidentiality of a person. It is as good as a means testing. With the data asked, there is no longer any need for means testing. They want to know how many TVs you owned and what type. Are they going to start a manufacturing plant for TVs? Luckily it stopped short of asking how many marbles I have. But they already know the answer. Two of course. And how many trips I made to Batam? Another lucky question they never asked. How much do we value our privacy and how much can the ministry be allowed to ask in the name of a national survey? Unfortunately, the game is that they can ask anything if they want to. And the law says that you must comply or else.

The disappointing big debate.

I was eagerly waiting for the opportunity to be enlightened by the two learned counsels and their great debate. I thought for once the little earthlings will have a chance to witness the best from the best legal minds arguing their cases in the court of the people. The debate, should it take off, will be fairly judged by the people without any favouritism. I thought, if one wrote a page, the reply would come in 3 pages. And the counter reply will be 9 pages and so on. The issues in question will definitely be given a fair hearing and everyone will become wiser. Unfortunately there was no debate. The match stopped at round one and lights were switched off.

NKF story - Is Durai a nice man?

I have to address this issue after Matilah got so worked up by my posts. Would anyone say that Durai is not a nice man? He has good look, charm, he is charismatic, intelligent, position and power and a maverick. How many supertalents in Singapore can stand near him and look good? And physically he is simply tall, dark and handsome. He could be a movie star. He must have a lot of secret admirers too. But his being nice must be matched by the company he keeps. He has friends everywhere who admire and worship him. And his friends are not the ordinary illiterate and ignorant Ah Kow or Muthu or Ahmad. His friends are all the who's who in Singapore. Anyone who is not nice and attractive and celebrated will not have such luminaries as friends. And not that he has no friends at the lower levels. All his staff and colleagues were mesmerised by him. They regarded him like god. Then the beneficiaries of his organisation, they will kiss his feet. Now, is that enough to convince anyone that Durai is a nice man?

Just another thought

If I were to buy a few properties, I will definitely have to rely on the expertise and professional knowledge of my property agents, bank officers and conveyancing lawyers to make sure that the deal will get through without any complications. Will I be buying a property from someone having trouble with the law and on the verge of being made a bankrupt? I may, without all the knowledge of how such a situation could affect my purchase. But my property agent, or my conveyancing lawyer will definitely do their due diligence and advise me to stay clear of such properties. That is the least I will expect for the money I am going to pay. And if I will to go to the bank to arrange for a loan for the purchase, the bank officer will very likely not approve of such a loan. And the approval may also take quite some time for such a big loan. There will be a lot of checks and approvals along the way. Buying several properties will probably take several months for all the professional people to do their checks. Would my conveyancing lawyer encourage me to buy such properties even at dirt cheap prices?

myth 144

Multi tasking I have written about this before. I am prompted to write about it again after reading a letter by a Rick Lim Say Kiong in the Today paper. Rick's position is that employers are using the excuse of job enlargement and multitasking to exploit their employees with additional work but not additional pay. I am always sceptical about the concept of multi tasking. Up to a point, multi tasking works. The underlying assumptions is that the person is able to take on more jobs, can be trained to acquire more skills, and the jobs are easy to do within the limits of the employee doing it. And there is no compromise in quality and details. The problem is that everyone has a limited number of hours to work. Training someone to do 20 tasks does not mean that he can do twenty tasks. His 8 hours or 10 hours a day will mean that he can just do that much. The rest of the training and skills are wasted. Also, in highly specialised jobs where a lot of skills, knowledge and expertise are required, it is ridiculous to think that a person can be equally proficient in all the specialised jobs and skills and mastering them and executing them like an expert at all times. Even supertalents cannot do it without compromising on the quality. Maybe one, god.

Real wage increases by 3.5% last year

This is according to a Duke University/CFO Magazine survey. The increase, after correcting for inflation is only 3.5%. Whose salary is the survey using? A driver or a sweeper? Another problem is that productivity increases by only 1.2%. Such a huge discrepancy is a sign of trouble. This is untenable. How can wage increase outstrips productivity by 200%? It is like someone spending $3.50 but earning $1.20. Something must give.

First Nets, then Starhub

Both have long standing contracts with their customers, more or less tying them down in a way. Then comes the increases. And according to Starhub, this is market practice and the contract allows them to change the terms and conditions. Sure. Can such a practice continue to be allowed to go on? An equitable contract should be one that ties the parties to terms that both agree to at the moment of signing the contract. How can another party conveniently include all the empowering clause to allow it to change the terms of the agreement to his advantage and the other party cannot walk away with it? We have a lot of such contracts being signed. Some may be justifiable, eg long term housing loan that are affected by changes in interest rates. But all these short term contracts, when the variables are quite predictable and can be built into the contract, should not be allowed to have all the freedom to change according to their whims and fancy. This will put the other party at the mercy of the one sided contract. Yes, Case is right this time to step into the fray. Rip Van Winkle has awaken after all the years of sleeping. I mean Singaporeans in general, to their rights and start thinking.

nkf story - durai the man

Durai face his justice like a man Now that Durai had appeared in court to face justice squarely, the disappearance of Richard Yong will become more embarrassing and untenable politically. It is not only a problem of law enforcement and the credibility of our justice system, it has political ramifications. People are going to ask why and how come Richard Yong could get away. And the questions in people's mind can become more sensitive in nature. For the good of the system and peace of mind, Richard Yong must be brought home to face his just desert like every one of them. I do not know any one of them and am not posting this for personal reasons. It is all for the good of the country and the system.

Potential for xenophobic tension

Today, the current population ratio is about 1 foreigner to 1 citizen. When the 6 million figure is reached, it is likely that there will be 2 foreigners to every citizen. To some who have little contacts with foreigners, it is acceptable, healthy, and good for the economy and even suggestions that without foreigners we will be doomed. For those who have to face the foreigners daily in all his living activities, when every citizen has to fight for his space and the air he breathes, tension is likely to build up and break out. At the moment if one commutes by public transport, there is likely to be more than 1 foreigner, maybe 2 to every citizen. For not all citizens take public transport but all foreign workers and students do. The ratio in public facilities will see more foreigners than citizens. And when the time comes, when 6 million came, there will likely be 8 foreigners to every 2 citizens in the train and buses. And it is conceivable that all the younger, burly, dirty and smelly foreign workers will be seating and the minority citizens will be standing and being squeezed beyond their comfort zone. The current state of affairs in the mrt is that the foreigners are rushing and competing for every seat they can get in the train. There is no differentiation or consideration that these healthy young workers could take the punishing journey standing. They would rather sit. Imagine the day when the crowded trains have all the foreigners seating and all the citizens, a minority, having to stand in their midst. You can bet an outcry to come from the citizens complaining about losing their space and air to foreigners. But for those who commute by the comfort of their private limousines, these are minor irritations that the peasants and workers must bear. It is good for the country.

IMH in the red

Now this is unbecoming. It is time to relook at the costing and turn this around into a profit making organisation. IMH said it has 1,600 patients with 300 staying more than 10 years. How about encouraging them to discharge early? Its $9 million budget is a big strain. What is the budget of NKF? Or what is the budget for Changi prison? Should we also be worried about the high cost of operating a prison and turn in into a profit making organisation. Maybe they have already done that, with the prisoners working in some capacity. But hey, human rights groups would protest against selling their products. I am trying to think whether it is a problem for the govt to subsidise IMH. Oooh, touching on something sensitive, subsidy or is there a better word for it? Some of these patients, like the chronically sick or disabled, may have families who can afford to pay for their upkeep. Some may have financial difficulties paying for their lifestyle. Hmmm, terminating them, though a more efficient and practical solution, will definitely be unacceptable under any circumstances. So how? Maybe displaying them on TV and extract some emotional juice and sympathetic donations for their upkeep. An exceptional talent is needed to look at how to look after them without stressing on the state budget. How much does it cost to subsidise the durians or to encourage sports as a lifestyle? Living as a mentally ill patient is a lifestyle not of choice. But it is a way of living to them.

Absorb GST - passing the buck

Fair Price, Cold Storage, Shop N Save and Shengxiong are absorbing the July GST increase, albeit for a few months. It would be nice if all the big shops absorb the GST increase altogether. Then the people can save some money from this increase. But can things be so simple. Once there is an increase in cost, the merchants will know what to do and finally the consumers will end up paying everything and more.

myth 143

Rising cost and prices are bad I think this is a myth. Cost of living going up, GST up, prices of properties going up, rentals going up, fees going up, salaries going up, all these are actually good for the country. Singapore can only be saved when all the costs are up, the higher and faster, the better. You don't believe me? The laws of economics are like gravity. What goes up must come down. Any irrational and unjustified increases will strain the system and the system will break. Then all prices and fees and salaries will fall down like apples.We should quickly jack up all the prices. While we are complaining about having too many foreign talents and workers here and not knowing how to stop the flow, it is starting to slow down. And yes, they are finding it too expensive here to live with the relatively low income vis a vis cost of living. And the shops in Orchard Road will be ghost town if the prices keep going up. Soon people will stay clear of this place. Only the super rich and real super talents will come. And these are the people that we really need. Quickly, jack up the prices and see them fall.

Ban that song

In the Sunday Times column, 'English as it is broken', it tries to explain the proper usage of person and people as often people are confused when using these two words. A person is a person, singular. People is a collective now. So it is proper to say one person or two persons but not one people or two people. It is incorrect to say there are one or two people in the room. It is correct to say one person or two person in the room. So cannot say one people. This brings me to the famous national song of Singapore, One people, one nation, one Singapore. This must be broken English or Singlish. How can we sing 'one people'? Actually English is a bloody confusing language to use. And my first paragraph has me confused too. I begin with 'people are' and then 'people is'. Now which is right and which is wrong. People is a collective now, and is is used to explain the word. The people are friendly, the noun in action. And who says one cannot write 'is is' in the same sentence? Stupid English or Singlish?

Of politics, race and religion

Several JI operatives were detained by ISD again. And the faces are familiar, Muslim and Malay. But this time round there were no under currents by other groups to point the finger at the Malay community. Perhaps the process of educating the people to look at it as a problem not of a community but a few individuals has been a success. Also, this time the area of focus is the Middle East and Afghanistan, quite far away. The attraction in this case is the surfacing of an elite, a trained lawyer, who is motivated enough to give up his cosy lifestyle of comfort and material well being to risk his life in the rough and tumble of the war torn mountains of Afghanistan. Why is the movement gaining momentum despite the claims of success by the western media? Or is the western media's spin just a spin, and the movement is gaining grounds and growing stronger? For those who are reading the western media, the impression is a simple good guys against the bad guys, modernity against backwardness, secularity against religion, the west against the muslims or arabs. And it is very easy to choose to be on the right side of goodness. Apparently if one is to read the Middle Eastern or Muslim media, the picture is quite different. It is a picture of western oppression and injustice against the arabs and muslims, a war of suppression by the west against Islam, a war for control of Arab oil. So, is this a problem of politics or religion, or of race? It seems that it is a combination of all, and economics as well. Control of the Middle East, control of oil, control of media, control of values and control of a people and their religion. But the western media will say no, it is the uplifting of a backward people, a shining light of progress in democracy, human rights and materialism leading the way. The west and western media see themselves as the liberators of a feudal people locked away in time and stubbornly refusing to live and enjoy the life of modernity and secularism. And these people say, leave us alone to our life. We don't need you to meddle with our life and dictate to us your values. And so the fighting and killing continues.

The Living Legend

He may have come from a little red dot. Some may not have good things to say about him. Some may even hate him. Some may regard him as enemy. But he is a living legend among the world leaders today. No one in the world can command the kind of respect and deference from around the world except him. Not George Bush, Putin, Blair, Mahathir, you can name anyone, none is even close to the presence that he commands. LKY, just saw him in Tatarstan over the news. You can see how respectful and honoured the Russians felt to have him visiting them. And he is Asian, from a little red dot. Not even an Ang Mo. He is at least a head taller than all the Ang Mo leaders today. Whether you like him or dislike him, agree with him or disagree with him, he is in a class of his own. Singapore or the world will take a long long time to produce another man like him.

nkf story - Escape from Paradise - Book 11?

Richard Yong's escape from paradise is not only embarrassing, it complicates things further. He should have taken the Oriental gentleman route and do a hara kiri. Unfortunately he chose to live in ignominy, never to return again. How could that be a problem? What would happen if Durai also thinks of the same plan and got hauled back at the immigration? Tongues will go awagging. How come Yong could escape and Durai could not. Fortunately Durai is unlikely to do that. He is going to take the rap, face the penalty like a man, like a tough CEO that he once was. Again, if he does not appear in the next hearing, would there be a wrath of the people? After all the happenings, people are getting very uneasy about how the events are unfolding. It is giving rumour mongers a lot of ingredients to feed their imaginations.

Singaporean catch phrases

The Singaporean Dictionary of famous phrases, in jest. (To be added on as more gems are discovered) Affordability: It means affordable according to the income of the person saying it. Equality: Some have more rights than others. Or as in Animal Farm. Foreign talents aka Fallen Trash: Not very bright foreigners but can replace Singaporeans on cheaper pay. Foreign workers: To compete with local workers to keep wages low. GST: Tax to benefit the poor and lower income citizens High Pay: Free of corruption Honest Mistake: Free from accountability. A learning process for taking risks. IR: Another term for Casinos Let's move on: Enough. We have decided and no one should say anything more about it. Case closed. Local talents: Only in demand overseas Majority: If 1 million did not vote and 3 voted, 2 is a majority. Means Testing: An opportunity to strip a citizen down to bare all his poverty. Mee Siam Mai Hum: Uniquely Singapore National security: My security, or the security of whoever saying it. Pah Si Buay Chow: Stay on as long as the pay is good. Peanuts: As it is, good for monkeys only. Political talents: The best of all the country's talents. Quitters: Applicable to Singaporeans who can't make it here. Redbeanforum = online rantings in futility? ;P Retirement age: Not applicable in politics Straight As: Above average students. Anything below is average or below average. Straits Times: Tongue in cheek views of professional journalists for nation building. Subsidies: Govt subsidises, the people pay. Super talents: Measures by income Transparent: For me to know, for you to find out. Unemployed - Refers to lazy and choosy individuals. World class. This has many definitions depending on the context. World class govt: Highest paid govt. This is unchallenged. Will appear in Guinness Book of Records soon. World class public transport: Sardine packed public transport. World class universities: Based on the criteria of assessments and number of foreign students and lecturers tweaked to fit to the expected model.

reloading redbeanforum.com

Yesterday 2000 of my registered member's name were deleted. Wow! Who would want to do this to me? Anyway, I am asking the hosting party to have it reloaded. But I will lose one to two days of my posts there. The hazards of cyberspace publishing.

myth 142

Singapore does not care about its olds This is a myth and must be debunked. Singapore has done so much for the ageing population that we should be considered as one of the most creative in this area. We have made provisions in the CPF to make sure that all of them retire happily with a big cache of cash, at least $140,000 in their retirement and medisave accounts combined. And there are many benefits for the senior citizens like cheaper fares for public transport and medical fees. We have built specially designed flats with grab poles, emergency buttons etc at very cheap prices. And if that is not enough, we may even buy some pacific islands and turn them into senior citizens paradise. Now, not good enough? We even have a minister specially designated to look into the problems of the ageing population. And he is one of the finest and experienced ministers in the cabinet. He may know not much about this field, but he is taking it very seriously. He is now on a world tour to visit the best facilities to learn from them, first hand experience. By the time he is back with all the new knowledge and information and formulas, our ageing population problem will be solved. So no one can accuse the govt for not spending money and effort to look after our senior citizens. Some even got free money, like $260 a month to spend freely. And these are those without the $100k plus savings. It is a good life for the senior citizens. Those who want to work until they die, jobs are aplenty. They can work in food courts or in high offices, depending on their talents.

nkf story - let's be forgiving

Thomas Koshy wrote an article in Today asking many embarrassing questions about Yong's disappearance. And he was being polite, and so are we. We should all regard the whole episode as a Singaporean joke and laugh about it in private conversations. As for the culprits, I sense that there is this great compassion in all quarters to forgive them. So let us all forgive them and pretend that nothing happened and continue to live life as it is. No more funny questions.

nkf story - another outrage?

Huang Shoou Chyuan wrote a letter to the Today paper saying that the public is justified in being disappointed at how a high profile person like former NKF chairman Richard Yong could have escape the grasp of justice. Am I sensing another outrage by how events are turning out? S hould the people responsible be responsible? I think not. This kind of things don't happen everyday and it is only human to err. Just like the case of Cityspring, we are very new to such games. Even if Durai did not return will be a non issue. Never mind, let's move on. Super talents and super pay and making little slips are not related. There are more important things to do and take care of.

To each his own

Singapore Incorporation is slowly disintegrating. I can sense that there is a lack of concern, anxiety, taking ownership or appreciation of how one arsehole can bring the downfall of the whole incorporation. The impression I get is that everyone is only concerned about his own arsehole being stuff with gold and not being screwed. As long as that is taken care off, no one will bother about the big picture. The fumbling and crumbling of the education industry is a case in point. Is there another urgency and anxiety to make sure that the Education Hub goal is not compromised by all the fly by night operators? One by one is crashing down. And can anyone believe that all these problems will not affect the Education Hub? It will not affect the Education Hub, but more. The image of Singapore as a squeaky clean and efficient place, that everything works, will be compromised as well. This is the same kind of mentality like we often heard from one organisation to another. It is affordable. 2c here, 20c there, $2 elsewhere, all affordable on its own. But the aggregate of all these, the big picture, is that it burns a big hole to those who cannot afford them. Maybe we can still afford to have a few private schools closing down and a few hundred students crying on the streets. And caveat emptor hor. What happens to Singapore Incorporation when every bit is intertwined to bake a bigger pie?

A Malaysian diaspora speaks up....

I am a female Chinese Malaysian, living in the Washington DC area in the United States . I have read many of the letters that often talk about foreign countries when the writers have no real knowledge of actually living in those countries. Many draw conclusions about what those countries are like after hearing it from someone else or by reading and hearing about them in the media or after four years in a college town in those countries. I finished STPM with outstanding results from the prestigious St George's Girls School in Penang .. Did I get a university place from the Malaysian government? Nothing. With near perfect scores, I had nothing, while my Malay friends were getting offers to go overseas. Even those with 2As got into university. I was so depressed. I was my parents last hope for getting the family out of poverty and at 18, I thought I had failed my parents. Today, I understand it was the Malaysian Government that had failed me and my family because of its discriminatory policies. Fortunately, I did not give up and immediately did research at the Malaysian American Commission on Education Exchange (MACEE) to find a university in the US that would accept me and provide all the finances. My family and friends thought I was crazy, being the youngest of nine children of a very poor carpenter. Anything that required a fee was out of our reach. Based on merit and my extracurricular activities of community service in secondary school, I received full tuition scholarship, work study, and grants to cover the four years at a highly competitive US university. Often, I took 21 credits each semester, 15 credits each term while working 20 hours each week and maintaining a 3.5 CGPA. A couple of semesters, I also received division scholarships and worked as a TA (teaching assistan t) on top of everything else. For the work study, I worked as a custodian (yes, cleaning toilets), carpet layer, computer lab assistant, grounds keeping, librarian, painter, tour guide, etc. If you understand the US credit system, you will understand this is a heavy load. Why did I do it? This is because I learnt as a young child from my parents that hard work is an opportunity, to give my best in everything, and to take pride in the work I do. I walked away with a double major and a minor with honours but most of all a great lesson in humility and a great respect for those who are forced to labour in so-called `blue collar' positions. Those of you who think you know all about Australia , US, or the West, think again. Unless you have really lived in these countries, i.e. paid a mortgage, paid taxes, taken part in elections, you do not understand the level of commitment and hard work it takes to be successful in thes e countries, not just for immigrants but for people who have lived here for generations. These people are where they are today because of hard work. (Of course, I am not saying everyone in the US is hardworking. There is always the lazy lot which lives off of someone else's hard work. Fortunately, they are the minority.) Every single person, anywhere, should have the opportunity to succeed if they want to put in the effort and be accountable for their own actions. In the end, they should be able to reap what they sow. It is bearable that opportunities are limited depending on how well-off financially one's family is but when higher education opportunities are race-based, like it is in Malaysia ; it is downright cruel for those who see education as the only way out of poverty. If you want to say discrimination is here in the US , yes, of course it is. Can you name a country where it doesn't happen? But let me tell you one thing - if you go looking for it, you will find it. But in Malaysia , you don't have to go look for it because it seeks you out, slaps you in your face every which way you turn, and is sanctioned by law! Here in the US , my children have the same opportunity to go to school and learn just like their black, white, and immigrant friends. At school, they eat the same food, play the same games, are taught the same classes and when they are 18, they will still have the same opportunities. Why would I want to bring my children back to Malaysia ? So they can suffer the state-sanctioned discrimination as the non-malays have for over 30 years? As for being a slave in the foreign country, I am a happy 'slave' earning a good income as an IT project manager. I work five days a week; can talk bad about the president when I want to; argue about politics, race and religion openly; gather with more than 50 friends an d family when I want (no permit needed) and I don't worry about the police pulling me over because they say I ran the light when I didn't. I feel so sorry for her and all Malaysians in the same fate.

Time to sell piggy banks

With Nets increasing its levy, those who do not want to pay through Nets can pay by cash. And with interest rate at the lowest, and having to pay to keep money in the banks for people with little money, maybe more people will keep more cash at home. I am thinking of importing more piggy banks to sell at pasar malam.

Children unable to perceive cruelties

Generally, children are less perceptible about what is cruelty and what is fun. The younger the age, the less able will be their faculty to reason goodness from badness, right from wrong. There is a letter in the Today paper complaining about children catching guppies in ponds for fun and in the process caused the unnecessary death of many of the fishes. This is indeed regrettable. Some education in schools and by parents is sorely needed in this area. Fishing for fun is very different from fishing for food. Children may not understand. But adults should, or do they? Many adults still spent millions of dollars going for that fishing trip for fun. It is fun and thrilling to hook up a live fish and see the poor bugger struggling to break free. And in the process, the fish is likely to tear off its throat or cheek. How much pain is there? One joker told me that fish have no pain cells and cannot feel pain. What an idiot. Generally, human has this cruel instinct in them. And as long as cruelty is done to others, it is fun, acceptable. This animalistic instinct is often displayed by the maid abusers. It is waiting to surface everyday.

Education hub or leper's island

This one is accredited by MYCS and MOE and CaseTrusted. Froebel Academy has not only owed salaries to its teachers, it is not issuing certificates to its students after completing their courses. Some did not get their certificates since December last year. After the camped out, they promised that the certificates will be issued this Friday. The certificates were supposed to have two chops, one from an East China University and another from the Academy as endorsements or credibility of the certificates. Over the news it was reported that the chop from the University would cost the students another $7,500. This was denied by the Academy. The net effect is that the students were very unhappy for their plight. And the Academy told the students it is closing down. How many of such fiascos can the Singapore Education Hub takes before it earns itself the reputation of an education leper's island? It is high time that the ministry persecute these operators for the damage that they are doing to the Singapore brand. Another few of these incidents will turn the Singapore brand upside down. It will become a brand of ill repute. We should not tolerate such violations and quickly put our house in order before more damages are done. We are losing our credibility and reputation very fast.

Nets is doing what is right

Nets is a commercial enterprise and must have profits to survive. It is not a charity organisation. The raising of its levy is part and parcel of its business. It will raise the level until the consumers find it unbearable and refuse to use it. Hey, that is basic. As long as they price it competitively, it is really a business decision. It is doing something not different from public transport or other service providers. And it is better to 'increase in small amounts rather than to raise a big lump sum after several years.' If public transport companies and other monopolistic service providers can do it this way, while reaping huge profits, what is wrong with Nets doing it? What about credit card companies charging 2% interest rate per month and compounded if the consumers did not pay the debt promptly? How many per cent is that a year? Compare that with the loan sharks. Oh it is international practice and no one can do anything about it.

"My name is Naomi Lourdesamy":

hi. my name is rachel. ingatius lourdesamy is my uncle and therefore, unfortunately, naomi is my cousin. sad, i know. don't worry about her or her silly threat. she's a kid and the only thing she could probably do is either scream or cry your ear off. speaking from experience, it isn't something you really wanna endure, but it's by no means something that'll affect you permanently. on my cousin's behalf, i'm really sorry for any trouble or worry she's caused you. (p/s not all lourdesamys are like this) I have copied this post from rachel which she had posted in one of the threads lost in time. It was several moons back and it will be very tedious to search through the blog to get to it. So I posted it here. And don't worry about naomi. I was only teasing her. Singapore is not a place where anyone can go around threatening another person for the slightest thing. Unless the person doing it is a very exceptional person. I believe you have read the many postings here and know that we do not purposely hang anyone for no reasons. And I hope you and naomi can visit the blog more often and share your views here. Cheers.

Case taking on Nets

It is good that case is taking on Nets for the impending increases in its levy. And I support Yeo Guat Kwang's reasoning. 'They have been given this monopolistic mode of operation because we see this as a basic infrastructure, to provide a basic mode of payment for all Singaporeans. So, they can't just come out and tell Singaporeans now "I see this as...a commercial decision."' Well said and well reasoned. I hope Case will use the same logic and take on other monopolistics infrastructure businesses and stop them from squeezing the people. Infrastructure and essential services were given monopolistic businesses as a service to the country and people. They must not be allowed to hijack them and keep raising their fees using commercial decision as an excuse. Lets see which monopolistic infrastructure organisation is next on Case's list. Keep up the good work, Case.

NKF story - A big sham!

The Straits Times Editor is angry. How could Richard Yong ran away so easily. It is just unbelievable in our squeaky efficient system that Richard Yong could sell off all his properties, got all his money and disappear into thin air leaving everyone mouth open wide wide. Lan lan so they said. An no one got any hint of all these happenings, that it was clear that he was going to scoot off! In the ST editorial, I quote: To say this is an unsatisfactory end to a scandalous episode in a matter of public trust is an understatement. Singaporeans who have ever gien money to charities big and small, no questions asked, have never been more incensed....This is not an academic question. Substantial amounts in damages could be involved. It is conceivable cases of breach of a public duty to care can crop up from time to time. What more can I say?

infidelity in language

Ang Mo professor says Singlish good leh Is this another form of infidelity? Should we take the Ang Mo professor's comment as a compliment, an encouragement to go on and develop our version of Singlish? Quite nice actually. Then lin peh can speak Singlish to the Filipinos and they can reply in Tagalog English and our Malaysian and Indonesian English all together. Shiok, Singapore will be so colourful. Si peh ho. This is another sign of progress.

Is it naive or stupidity or something else?

I heard over the news on the IPO listing of CitySpring and how the fund managers were paid more than $60 mil in about four months on a scheme based on the stock's performance in the market. And the amount was almost double the whole years profit of the company! The payment was due to a contractual agreement and formula and perfectly transparent and aboveboard. So no hanky panky stuff. The comments I heard was that we were a young economy, can't believe that, so we are ignorant or naive or immature, and signed an open ended performance formula. Stupid is a word that was not used. Being conned was not said. So it is excusable for a first world country, with so many talents, local and foreign, to get into such an agreement. Would the CitySpring owners feel good about it? Any average middle manager will know that one cannot have an open ended formula for performance bonus, bonuses for staff or senior management. There must be a cap, a French cap will be quite appropriate, to prevent exorbitant payouts. It is so elementary and after so many years of progress, it still happened. What a joke!

Dwindling purchasing power

At the rate the prices of things are shooting up, whatever subsidies will quickly be eroded away. Those lower income earners, including all under $5k household income, will feel the squeeze. The purchasing power of their dollar is getting smaller by the day. The only people who can cushion against a lost of income from a dwindling dollar will be those who can command a 20% or 30% salary increment. I have yet to read in the media how much has it cost the people with all the increases taking place, the 2% gst, housing, food, medical fees, transportation, etc etc. How much of the dollar has already been wiped away without the people spending the money?

The pragmatic and professional leaders

In Malaysia, we have seen a new approach towards inter state relations and a pragmatic approach towards economic development under the leadership of Abdullah Badawi. He has single handedly changed the whole mindset of his cabinet, from one of bickering, politiking to one of getting work done in a rational and professional manner. In Indonesia, under the leadership of Yudyoyono and the likes of its Defence Minister Juwono Sudarsono, the picture is very similar. The professional men are in charge and wanted to do so much for their countries. Unfortunately both are facing the same problems of tribal chiefs at the peripheral doing their best to undermine their authority at the central. What the central govt tries to do, the local chieftains will try to destroy. The arrest of Singaporean barges and Singaporeans in the Karimun case was nothing but piracy. And the tone and acrimony against the Extradition Treaty and DCA were just polemics with little substance. And in Malaysia, the opposition to the IDR were in the same vein. They would be lucky if Singapore participates and make the IDR a success. For the IDR can be the most competitive region vis a vis Singapore and can take away a lot of businessess from us. Once it has established itself as a reliable and credible economic zone, it will simply be irresistible for investors not to be there. It has so many comparative advantages if the tribal chiefs could be gagged and prevented from spilling or over turning the pot. The two countries are being held at ransom by the retards of their countries, the 'chiat liow bee' politicians.

Trees are attacking Singaporeans

The trees are striking at Singaporeans, killing 3 in a row. And so is our water. Wild water and safe water, they are still life threatening. It is time to cut down all the trees and warn Singaporeans not to go near them or the water. The building of dykes would come in handy to keep the water away. And all pools should be covered up to be used only as water containers. What have we done to the trees and water that they are picking on us? Is there any infidelity on our part to deserve the wrath of nature? It is very strange for trees to attack people. And swimming pool incidents should not have happened again and again. We are now so experience in picking dead children bodies from the pools. Do we want to continue to do so?

myth 141

Peasants are inept to understand This is a glaring fact and is proven everyday. The latest call by Lim Hwee Hua to raise taxi surcharge is the most effective and practical solutions to get taxis running on the road again. Peasants just cannot appreciate the real meaning behind the proposal. How so? The current rate is too low, so too many calls and all the taxi drivers have no problem taking one call and follow by another in quick succession. So why should they be so stupid to drive around and burning petrol dollars? The surcharge should be raised to $50. Then only those few who can afford to pay for the surcharge will call. Bet you, the calls will drop to 1%. And all the taxi drivers who think that they will can get continuous calls will think twice. For they may not even get one call a day. tan ku ku. And when the calls are not coming, and when they have to pay the rentals, oh yes, the rentals must go up also, they got no choice but kuai kuai ply the roads and rush for passengers. Then they cannot afford not to drive the taxis and wait at home for calls. It will create a real buzz on the roads with taxis zigzaging every where for passengers. I support the $50 per call surcharge.

MSM in 2015

Could it happen, that comes 2015, the msm will be renamed The Money Times? And the style and vocabulary used will be distinctively monetised. For example, $10 million visited the US and was greeted by $2 million. And $10 million, being thicker in the pocket, and definitely thicker also in the head, gave a pat on the back of $2 million for doing a good job. And before leaving the US, $10 million said he approved of how $2 million was handling the terrorists crisis around the world. And he left some good advices for $2 million to ponder over. Back home, $10 million was welcomed back at the $500 million airport by hundreds of $100,000 and $200,000. And lining the roads were thousands of $10,000 and $20,000 cheering and waving when the motorcade of $10 million drove by. Names are more difficult to remember huh? Digitising is much easier for the computers to recognise.