Friday, August 06, 2010

Why Do We Care About Mr Ng's PRC Workers when Our Elderly Struggle to Survive?

TOC has recently run a piece on Aug 5 on Singapore's foreign worker policy "MOM policy change creating problems for employers". In the piece, TOC features an interview of a business owner, Mr Ng, who describes how he is facing problems renewing the work permits for 2 of his PRC workers. The MOM recently shifted its policy stance to tighten its foreign worker quota.
“With the pick-up [in the economy], unless they quickly revise this policy, a lot of employers will face the same problem that I’m facing now,” he said. Indeed, several other employers and business owners have told TOC they too face the same problems.
Here are a few important points from the interview of Mr Ng
  • Mr Ng has 29 total staff, of which 2 of them who are PRCs face non-renewal of work permit
  • Mr Ng claims that if MOM does not renew the PRC workers' permits he will have "a lot of problems recruiting locals ... to fill their gap", and says that that no Singaporeans want to work in a restaurant
  • Mr Ng pays the PRC workers around $800-$1000 a month
On March 29, TOC also published a piece by Gilbert Goh, titled "Employers still discriminating against older workers". Mr Goh pointed out the following:
"A weekend visit to Han’s restaurant at Harbourfront shocked me as the four staff working there were all Filipinos. From the person that took my order to the cashier and chefs, they were all foreigners happily going about their jobs. The only thing that stood them out from the former Han’s staff that I had seen previously, was the age difference. All of them appeared to be in their twenties. I found myself paying for my order grudgingly.

MAS Capital Charge on DBS a Mere Slap on the Wrist

Yesterday, it was reported that the MAS (Monetary Authority of Singapore) had slapped a $230m capital charge on DBS as a 'penalty' for the massive systems failure that occurred last month and that affected more than 1,000 DBS and POSB automated teller machines, Internet and mobile banking services, as well as Nets and credit card transactions.


The MAS required DBS to set aside S$230 million additional regulatory capital for operational risk and told it to improve customer communications procedures. This was widely noted in the press that MAS as a 'censure'. Teo Swee Lian, deputy managing director, financial supervision, MAS, was recorded as having said: 
"We expect all financial institutions to put in place a robust technology risk management framework that will ensure the reliability, resiliency and speedy recoverability of the institution's IT systems and infrastructure, whether outsourced or in-house. We have recently written to the CEOs of all financial institutions to remind them of this."

But does this set of measures on the part of the MAS constitute a real 'censure'? And does the $230m capital charge amount to much of a 'penalty'? Not according to research analysts who have been covering DBS stock.

Thursday, August 05, 2010

Why I Would Like to Leave, by Kitana [Classic]

This was perhaps the best piece I found during my tenure at IS. Kitana was a prolific writer when she burst onto the blogging scene and wrote many fantastic pieces. Unfortunately, she has deleted her blog completely, and the following piece is pretty much all of her writing that is left. Kitana, despite the contents of this piece below, I hope you are still in Singapore and that you will start writing again.

----------------------
Why I Would Like to Leave, by Kitana

Before I went to Canada for a year, I had to go for a medical check-up. During that check-up, the doctor told me that I would love Canada. And he had said that most of the people he knew that went to Canada, either never came back; or when they did, they’d returned to Canada shortly after. Few ever stayed in Singapore.

At the time, I wondered why. I don’t anymore.

The government asks us why we leave. They calls us quitters and deserters, for leaving our country, our homeland, for some other place that we perceive to be greener pastures. Why leave Singapore, where we rank tops for good governance (save for voice and accountability, where we scored a low of 38.2% this year), where we are so clean and safe and secure, and where we are so efficient?

The fact of the matter is, that there are people who will give up all of the above, for more freedom.

Wednesday, August 04, 2010

National Identity, by Solitaire Joker [Classic]

This piece was written by Solitaire Joker back in 2006. He has since made his blog private and inaccessible to the public. But this is a piece I found really meaningful back then, and is still very meaningful today.

-----------------
National Identity, by Solitaire Joker

Today, the green and secure island of shining domes, skyscrapers, and machine-like efficiency that we call Singapore is the place I call home.

I remember the burning sense of patriotism that I had when I was young. In the heyday of Singapore soccer, when half the citizens were cheering heart and soul for Singapore in the Tiger Cup, I remember the exultant and jubilant talk about Singapore’s stellar wins over Malaysia’s teams. I remember feeling very strongly for Singapore then, when I was still an innocent child who concerned myself only with the TV guide, soccer, and books. I remember, as if it was yesterday, making 22 cardboard flip-outs, naming 11 of the pieces after all the Brazilian World Cup players, and naming the rest of the pieces after the Singapore team (yes, I could practically tell you the name of every single player on the Singapore team then) and playing them against each other with a squashed-up paper ball on a large cardboard that was used as the soccer pitch.

And Singapore always won in my memory.

Singapore soccer then was a great way to gel the country together. But it went downhill soon after the Abbas Saad match-fixing scandal.

But as I grew into maturity, and losing my innocence along the way, I began to see the flaws of the Singapore system and began to feel disenchantment and disillusionment. My current position in a policy branch where much policy information runs through my hands is not helping either, being exposed to the inner workings of how government policy think-tanks work.

How did Singapore first start out as a nation?

PAP Government Abuses its Monopoly Power to Suck the People Dry

In Economics, a Monopoly exists when a specific individual or an enterprise has sole control over the supply of a particular product or service, and hence is able to determine significantly the terms on which other individuals shall have access to it. The concept of Monopoly is typically applied to corporations and businesses, and one example of corporate monopoly in Singapore is SMRT, which has the sole operating rights to the North-South and East-West lines in Singapore. Lucky Tan has recently written a good piece on how SMRT is abusing its monopoly, I will not elaborate on this here.

The concept of Monopoly can also be applied to groups other than corporations. It can be applied to Governments, which have a de facto monopoly over the provision of public services. This monopoly of government is not good or bad in and of itself, and in fact can be a very good thing when public services are provided cheaply, efficiently, and to the public benefit. This is because governments are not ordinarly profit seeking operations, but instead are institutions created to serve the public interest, unlike businesses and corporations.

In Singapore, however, there is little acknowledgement of the concept of 'public interest' when it comes to how the government is run. Indeed, the PAP has been explicit in years past about how Singapore should be run like a corporation: Singapore Inc. This profit-seeking mentality means that the PAP has not been shy about abusing the monopoly power inherent in Government, to suck as much 'profit' out of Singaporeans as possible. Here are some examples in which it does so.

I am a Singaporean, by Dan E [Classic]

I used to run a blog several years back, called "The Intelligent Singaporean" Back then, the Singaporean political blogosphere (plogosphere) was small, young and fledgling, and there were only a few voices out in the internet who dared to write and criticise the government. Most were anonymous - including Mr Wang (who actually helped me kickstart IS). Only a couple used their real names to write, like Mr Alex Au of Yawning Bread.

While I was running IS, there was still intense skepticism from many parts of society towards the plogosphere. ST Journalists were very critical of bloggers and generally looked down on us. Society at large viewed us with suspicion, and I'm sure the PAP was watching us with a close eye. No one thought we had a chance to make a difference, no one thought we would succeed.

I closed down IS on August 25, 2007, almost 3 full years ago. I had just finished my studies and had other priorities in life, and couldn't afford the time that IS required. Since then, the plogosphere has exploded.

Monday, August 02, 2010

Darth Zorro Lim Swee Say - Liar Or A Fool?


'When times are good, we work hard together to build up ... social capital, by being one of the most pro-worker nations in the world'
- Minister Lim Swee Say, National Day Message 2010

Not content with leading his storm troopers and clowning about in his Darth Zorro suit to the entertainment of Singapore's nurses and the ire of Singaporean netizens, the NTUC Secretary General has now set his sights on perpetuating the insidious mistruth that Singapore is "one of the most pro-worker nations in the world".


The black-masked member of Lee Kuan Yew's elite "Intellectual Class," who infamously coined the term "cheaper, better, faster" and sang the song "upturn the downturn" (see below), incidentally is paid more than $2 million a year for his costume-bearing antics and pretensions to the Singapore idol crown. Yet, Lim's assertion that Singapore is 'pro-worker' could hardly be further from the truth.