Saturday, 30 March 2013

Don't read the Singapore Newspapers!

Don't read the Singapore Newspapers. The real stories and truth are from unbiased eyes. See the story below from the Star !

Foreign workers, who were once getting red carpet treatment because they were prepared to work cheaper and longer hours, are facing tougher times. The doors will remain open but some of the old cordiality is missing.

FROM Filipino waiters to Indian executives, from Malaysian managers to Chinese salesgirls, their presence seems heading for at least a temporary decline.

Several converging factors are conspiring to bring this about.

The first is the fast changing politics. The new Singaporeans, young and middle-aged, are becoming more outspoken against poor policies.

Explaining the phenomenon, Prime Minister Lee Hsien Loong said his government now has to negotiate a “major change” to a different brand of politics.

“It’s a different generation, a different society…” Lee told an interviewer. “We have to work in a more open way. We have to accept more of the untidiness.”

In rising numbers, Singaporeans are demanding the authorities to cut back the number of arrivals and reduce Singapore’s over-crowdedness.

Many of the foreign workers, who make up a third of the work-force, are concerned about the proposed economic restructuring that is aimed at them, right at the heart of immigration.

Secondly, a weakening economy that may reduce employability and a third factor is the city’s high cost of living which is increasingly affecting these workers as well.

All this is not expected to affect the city’s long-term plan for a six million population by 2020 (currently 5.3 million).

However, the next few years could further cut their rate of arrivals.

“The six million target may at worse be delayed by a few years. The immediate concern of the People’s Action Party (PAP) is to win the election in 2016,” said a political analyst.

To achieve that, it is making short-term adjustments, he added.

The government has taken a more urgent tone since the new budget was announced last month. It has rolled out several important measures towards a “Singaporeans first” policy.

That means firstly, a reduction of excessive demand for foreigners in both the service and unskilled sectors.

Less-skilled: The impact was felt in this sector last year which saw a big reduction of new permits, affecting restaurants, retail, cleaning, etc.

Professionals: The Manpower Ministry announced two objectives that will affect them. One was to reduce discrimination in the hiring and promotion of locals.

Secondly, it wants to carefully screen the qualifications and credentials of imported professionals to ensure they are genuine.

There had been numerous complaints of fake degrees or false representations by under-skilled foreigners desperate to land a job here.

The Acting Minister of Manpower Tan Thuan Jin wants to stop the discriminatory practice by foreign managers who hire and promote workers from their own nationalities, bypassing Singaporeans.

He told Parliament recently that he and Deputy Prime Minister Tharman Shanmugaratnam had met senior bankers and other executives urging them to hire, and give better opportunities, to more locals.

His ministry was investigating several cases of discriminations.

One “fairly prominent company” had its work pass privileges suspended after it advertised for workers of a certain nationality, he said.

When a new system of approving S-Passes, granted to mid-level executives, comes into effect in July, as many as 70,000 foreign workers are reportedly at risk “of not having their S Passes renewed when they expire”.

News reports said the new system stipulates that more experienced pass holders have to be employed at higher pay to continue working here.

Government officials said about 70,000 foreigners – or one in two S-Pass holders - will be affected by the new system.

All these moves could have a major impact on the foreign presence in Singapore, if it is seriously carried out.

Meanwhile, this trend coincides with a slight deterioration of the industrial climate involving lower-skilled foreign workers, particularly Chinese mainlanders.

Since last November’s major bus drivers’ strike, there has been a number of smaller scattered actions by Chinese workers demanding higher pay and better working conditions.

The latest case involved private bus operators in which a number of Chinese drivers had taken individual action to demand equal pay with their Singaporean colleagues.

According to the New Paper, they showed up late “well after their morning shift had ended” or simply failed to show up for work.

Their action is not getting much sympathy from the Singapore public, which is generally happy to see a reduction of foreign workers.

A recent government survey showed that nine out of 10 Singaporeans support measures to tighten the inflow.

Other surveys revealed that the majority of people would prefer to settle for slower economic growth in return for a smaller population.

The impact could soon be felt in the labour front. Some small and medium size companies, desperate for workers, have said they may close.

The National Development Minister Khaw Boon Wan has just announced that new projects may take longer to complete – 32 to 43 months instead of the usual 30 months.

This revelation hardly stirred any reaction among the public, an indication that Singaporeans are prepared to accept the price for fewer foreign arrivals.

Friday, 1 March 2013

New Car Loan & ARF regulations - Reactions

New Car Loan & ARF regulations - Reactions

The MAS has just recently introduced new car loan restrictions, 50-60% limit on car loans with max loan tenure of 5 years. As well as high ARFs for more expensive cars. What has been the reaction on the ground?


Newly wedded couple Mr and Mrs Ting were sorely disappointed, "We were looking at a normal size car to allow us to drive to work and not have to squeeze in the over-crowded MRT and buses. With the large downpayment buying a car is out of our league. I guess I would have to enjoy, oops I mean tolerate being molested by all the Banglas on the train." exasperated Mr Ting.

We also managed to interview Mr Jian Chen from China, who kindly put down his Vertu handphone to talk to us. We found out that he was a provincal official in some obsure part of China, living it large in Singapore. We asked if the ARF would affect his car buying decision making. "Mei Wun Ti! Mei Wun Ti! Wo can afford luxury MerzBenzt ah, just siphon more public money only, sure can pay!"

Car dealers however were more worried and concerned, Mdm Buay Bac-side lamented,"Aiyoh, you know now with all these measures, less people will buy cars, I cannot make enough commission to upkeep my lifestyle. The new Birkin bag is coming out! How to afford!"

It seems that the only people thrilled by the prospects of the new car measures were un-licensed money lenders. Mr Tau Yi-Long exuded excitedly, " I tell you har, I luv this goverman! When they build two new casinos in Singapore, my business go up 30%. Now with these new car measures, I offer blidging rloan to pay the down payment, my profits sure sky rocket one! The goverman is like the Big Brother of loan sharks, oops I mean money lender. They so steady-pom pee pee. I have the group photo of the goverman ministers on my altar and every morning I burn three joss sticks for them. You know like Guan Gong!"

Monday, 4 February 2013

Finally! Singaporeans First for Property !


Singaporeans First for Property ! In the first place, why should PRs get to buy Singapore HDB flats. You convert to a Singaporean than buy!

According to official figures, about 2,300 Singapore permanent residents (PRs) who own Housing and Development Board (HDB) property will be impacted by the government's latest round of cooling measures.

From last Saturday (January 12), PRs owning HDB flats are no longer allowed to sublet their entire property even after the stipulated Minimum Occupation Period (MOP).

Those PRs who have been already approved by HDB to sublet their flats prior to the introduction of the new measures will be allowed to continue with the subletting arrangement until the current tenancy expires.

According to data provided to PropertyGuru by the HDB, there were approximately 50,700 HDB flats owned by PR households as of December 2012 – roughly five percent of the total supply. Of these, HDB said around 2,300 PR households sublet their whole flats.

It is not known how many HDB-owning Singapore PRs were subletting their entire flats without approval from the housing board.

A spokesperson for HDB told PropertyGuru: "Subletting of the entire flat without HDB's approval is an infringement of the terms of the lease. Those who commit the infringement could have their flat compulsorily acquired by HDB."

Questioned about enforcement, the spokesperson added: "HDB conducts routine inspections of all HDB blocks. We also carry out regular checks on flats that have been approved for subletting and investigate suspected cases of unauthorised subletting.  Residents are encouraged to call our hotline at 1800 555 6370 (Monday to Friday – 8am to 5pm) to report any suspected cases of unauthorised subletting of flats."

Monday, 21 January 2013

Not all Opposition Parties are the same, c 4 yourself

Not all Opposition Parties are the same, see for yourself

WP Rally 19 Jan 2013

RP Rally 20 Jan 2013

Thursday, 3 January 2013

Hong Kong, Singapore Home Prices to Halve?

CNBC INTERVIEW WITH ECONOMIST Andy Xie

http://www.cnbc.com/id/100350239

Hong Kong, Singapore Home Prices to Halve?


A consequence of rising prices will be an inevitable hike in interest rates by the U.S. Federal Reserve as well as central banks in Asia. This may finally burst a property bubble that's been fuelled by low interest rates in cities such as Singapore and Hong Kong, Xie said.
"The Fed has basically outlined a 2.5 percent inflation limit and so when inflation rises above that, they have to explain why they are not raising interest rates," Xie said.

"In Hong Kong and Singapore, the issue is very much about interest rates. So it's going to be similar to 1998," he added, referring to the property bubble that burst at the peak of the Asian financial crisis.

House prices in the two cities could plunge by half if interest rates go up, he added.
Private home prices in Singapore have risen 56 percent since 2007 and most analysts expect this upward trajectory to continue into the New Year, citing record low benchmark rates for home loans.
In Hong Kong, house prices climbed by about 20 percent in 2012, after gaining 60 percent over the past decade. This was also driven by record low mortgage rates and an inflow of foreign money."

Monday, 31 December 2012

2013 New Year Day’s Message to PM


Dear PM,
Thank you for taking the time to wish us Happy New Year Day’s via your NYD Message 2013. We understand that you are definitely busy with many initiatives and priorities such as the National Conversation, Budget 2013, Population Paper etc that you have not been able to decide on a by-election date for Punggol East SMC.
I read through the NYD Message 2013 and would like to add a heavy dose of reality and cynicism to the sugar coated over-optimism. Singapore has not made steady progress in 2012, instead the pain associated with a variety of breakdowns in the public transport system, SMRT bus driver strikes, escalating inflation (COEs, housing, daily necessities), over-crowding and continued foreigner “invasion” has made 2012 even worst for Singaporeans.
Tackling the specific points of the NYD 2013 message, the Singapore Conversion has been touted as the Silver Bullet to solve many of our problems and to engage Singaporeans to focus on their futures. The Main Stream Media has no doubt published many photos and videos of Singaporeans involved and enthusiastic about the Singapore Conversation. However, the enlightened ones have already dismissed the whole exercise as a pathetic wayang show ever since the netizens have identified numerous grassroots and PAP associated helpers in the televised debate. I continue to encourage my fellow enlightened Singaporeans to keep up their skepticism and instead insist on taking control of their own destinies by enacting change via the ballot box. It seems that is the only way we are heard.
On the population, the NYD 2013 message has step-sided the key point which Singaporeans have been shouting but never adopted. Singaporeans want to make sure that the guiding principle is “Singaporeans First and Foremost”.  There keeps on being this call and nag that we need to be inclusive of the new arrivals and share Singapore values regardless about where they originally came from. The question is how about all the Singaporeans that did National Service and lived in Hougang ? They had the true Singapore values but were always made to feel like second-class citizens via lack of upgrading and improvements to their estates. Are these Singaporeans worth less than the new arrivals? In my mind, the White Paper on the Population due out will undoubtly remain as a continued propaganda of needing to import foreigners (and if they are rich even better) into Singapore and lead to over-population of 6.5 million people in this crowded little island. What would not been explicated stated would also be the welcoming of rich foreign millionaires who buy their way into Singapore and inflate everything from cars to housing prices. Cases in point are COEs of over S$ 81,000 for 1,600cc and the ECs penthouses being sold for S$ 2.05 million. The imbued objective being, if you are not rich and cannot afford to stay or procreate in Singapore, you are welcomed to leave, even though you were born, raised and contributed to this country.
It is indeed ironic that the NYD 2013 message has also brought the issue on embracing the right values. When Yaw Shin Loong was implicated on his extra-martial affair, the full weight of the lynching party came down on him and requested that he come clean and that he had let down the voters in Hougang. When the same incident happened to Michael Palmer, the PR machinery was flawless in painting him in a good light and requested that he be given space and time to set things right. Double-standards don’t feature well in upholding right values, do they?
This issue on values also leads to another point of discussion, the claim that no system is perfect and that there will always been cracks. Perhaps then we should consider paying people in Public Sector senior positions and political leaders a lot less and not pegged their salaries to the private sector. This scheme may assure that they are joining to uphold the ethos of public service and not to uphold their lavish lifestyles. If Michael Palmer was paid only the median of the Singapore population salary, then maybe he would not be able to afford the expensive Monday-night rendezvous in Fairmount hotel or given to Laura Ong the expensive Dior handbag? Maybe he would focus on making ends meet like the rest of us and still be the MP for Punggol East SMC ?
The true values of the first generation leaders have seemed to be eroded over the years. When the odds were against them with the British departure, being kicked out of Malaysia, needing to provide affordable housing and good jobs to Singaporeans, the first generation leaders were fearless, innovative, self-sacrificing and focused on improving Singaporean lives. Interestingly, these values seemed to be demonstrated by the more credible opposition party members, who have everything to lose and nothing to gain if their political careers fail.  
This reflective response to the NYD 2013 message is intended to be a reality check on the year 2013 and beyond. The NYD 2013 message may have intended to be uplifting but Singaporeans have their eyes wide opened and now live by the creed, “Fool me once, Shame on you. Fool me twice, Shame on me.”

Monday, 10 December 2012

Question ? Why is Public Transport not under the purview of Public Servants?

See the last line in the report from MSM, I don't buy the argument that if the Public Transport System is nationalized it will result in a worse-off condition. Things are already so BAD, that it can only get better if it is nationalized.

The Public Utilities Board is a Stat Board under Public Servants. So does it mean that it is inefficient and that we do not get our water supply? The last I checked, I had water to bathe in...
The Public Libraries in Bukit Batok, Bedok, Toa Payoh etc are under Public Servants and we have iPads available for loan now! We have up-to-date books and newspapers... Without competition from another alternative, the Public Libraries are doing fine...

When you screw up, say you screw up lah, and correct the problem by taking the right steps to Nationalize SMRT and SBS Transit. 





From ChannelNewsAsia :-
SINGAPORE: Industry observers say transport operators should look at alternative ways to raise the salaries of bus drivers.

Passing the buck to commuters should be the last resort, say observers.

They are commenting on Transport Minister Lui Tuck Yew's suggestion that bus fares may go up in future to help improve the wages of bus drivers and that the public transport fare review, due next year, will consider this issue.

It's not easy getting Singaporeans to come on board as bus drivers.

So salary increments might make the job more appealing.

The question is: who will foot the bill?

Some industry observers said it should not be assumed that commuters will have to bear the additional costs as the two public transport operators remain profitable.

"So, from the passengers' side and the general public point of view, it may be difficult for them to swallow," said Professor Lee Der-Horng, an associate professor at the Department of Civil and Environmental Engineering, National University of Singapore (NUS).

"...if they can first of all pursue their internal resources and try to improve their operations and see if they can further cut down operating costs, then perhaps, it wouldn't be necessary to approach the public and seek an increase in public transportation fare."

MP Gan Thiam Poh, who is also a member of the Government Parliamentary Committee (GPC) for Transport, said: "I feel strongly that the operators should try to explore or exhaust other means, such as other revenue, such as revenue coming from advertisements, rental or whatever...I think passing on (the costs) to consumer, that should be the last resort."

But even if salaries for bus drivers are raised, it might not be enough to get Singaporeans to bite.

Industry observers say that the long hours, rigorous work and the desire to have a job of higher value are among the main reasons Singaporeans shun the job.

Hence, a dependency on foreign manpower in this area might become unavoidable.

According to the chairman of the Public Transport Council, Gerard Ee, Singapore also lacks the body count and has an ageing workforce. That is why it must look to foreign manpower to fill the gaps in certain essential industries.

"Some jobs are just not popular, and as long as people have choices, they will give it a miss," said Mr Ee.

Industry observers also suggested that the operators look beyond Malaysia and China when hiring bus drivers, "so we will not be overly-reliant on a particular country or a particular region", said NUS' Professor Lee.

Suggestions to nationalise public transport have been raised but some observers said that this could result in inefficiencies and a drop in service levels ????!!!!