Tuesday, 29 September 2020

Lam Pin Min opens Sengkang West community garden


 

How amusing.

WP's supporters are more concerned that their favourite MP did not get to front the opening of a community project for a photo shoot than the project itself and how it will benefit residents.
Why should they be upset when from the beginning to the end of the project, they had nothing to do with it?
Why should they be upset when the project was initiated under Dr Lam's watch and he was involved in it inception?
They are upset at a lost opportunity to claim credit for work others had done?
Why did TOC use a photo of Jamus Lim that looks like he was going to cry?
Don't cry lah. WP has 5 years to initiate many projects and have many opening ceremonies.

Saturday, 26 September 2020

Embrace the digital economy



There is one important reality that we must come to terms with now, and that is this. We are not returning to a pre-COVID world. We should not be preparing for โ€˜business-as-usualโ€™. Or preparing to return to the good old normal.
๐๐จ๐ฐ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ญ๐ข๐ฆ๐ž ๐ญ๐จ ๐ซ๐ž-๐ž๐ง๐ ๐ข๐ง๐ž๐ž๐ซ ๐จ๐ฎ๐ซ ๐ฉ๐ซ๐จ๐œ๐ž๐ฌ๐ฌ๐ž๐ฌ, ๐›๐ฎ๐ข๐ฅ๐ ๐š ๐ง๐ž๐ฐ ๐ž๐œ๐จ๐ง๐จ๐ฆ๐ฒ, ๐š๐ง๐ ๐ญ๐ซ๐š๐ง๐ฌ๐Ÿ๐จ๐ซ๐ฆ ๐ญ๐จ ๐œ๐ซ๐ž๐š๐ญ๐ž ๐ญ๐ก๐ž ๐ซ๐ข๐ ๐ก๐ญ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐Ÿ๐จ๐ซ ๐จ๐ฎ๐ซ ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ๐ž๐ฌ ๐š๐ง๐ ๐ฉ๐ž๐จ๐ฉ๐ฅ๐ž.
๐ˆ๐Ÿ ๐ฐ๐ž ๐Ÿ๐š๐ข๐ฅ ๐ญ๐จ ๐š๐œ๐ญ ๐ง๐จ๐ฐ, ๐ฐ๐ž ๐ฆ๐š๐ฒ ๐ฏ๐ž๐ซ๐ฒ ๐ฐ๐ž๐ฅ๐ฅ ๐ฌ๐ž๐ž ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐žโ€™๐ฌ ๐ก๐ฎ๐› ๐ฌ๐ญ๐š๐ญ๐ฎ๐ฌ ๐›๐ž๐ข๐ง๐  ๐œ๐ก๐š๐ฅ๐ฅ๐ž๐ง๐ ๐ž๐ ๐š๐ง๐ ๐›๐ฒ๐ฉ๐š๐ฌ๐ฌ๐ž๐. We may see our businesses and workers losing their relevance and competitive edge, and in turn, our economic and geopolitical manoeuvring space will be more limited and constrained.
- Trade & Industry Minister Chan Chun Sing

Thursday, 17 September 2020

Stern warning for Raeesah Khan the offence of promoting enmity between different groups on grounds of religion or race



Stern warning for the offence of promoting enmity between different groups on grounds of religion or race.

Let's hope that she will toe her party line of being 'race-blind' and cease from ever making comments that touch on racism or promote enmity between different groups.

That said, there is no place for racism in Singapore, regardless of one's position.

๐–๐ž ๐š๐ซ๐ž ๐š ๐๐ข๐ฏ๐ž๐ซ๐ฌ๐ž ๐ฌ๐จ๐œ๐ข๐ž๐ญ๐ฒ ๐š๐ง๐ ๐ฐ๐ž ๐ž๐ฆ๐›๐ซ๐š๐œ๐ž ๐จ๐ฎ๐ซ ๐๐ข๐ฏ๐ž๐ซ๐ฌ๐ข๐ญ๐ฒ ๐ง๐จ๐ญ ๐›๐ฒ ๐ฉ๐ซ๐ž๐ญ๐ž๐ง๐๐ข๐ง๐  ๐ฐ๐ž ๐š๐ซ๐ž ๐š๐ฅ๐ฅ ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ž, ๐›๐ฎ๐ญ ๐›๐ฒ ๐š๐œ๐ค๐ง๐จ๐ฐ๐ฅ๐ž๐๐ ๐ข๐ง๐  ๐จ๐ฎ๐ซ ๐๐ข๐Ÿ๐Ÿ๐ž๐ซ๐ž๐ง๐œ๐ž๐ฌ, ๐š๐œ๐œ๐ž๐ฉ๐ญ๐ข๐ง๐  ๐š๐ง๐ ๐ž๐ฆ๐›๐ซ๐š๐œ๐ข๐ง๐  ๐จ๐ฎ๐ซ ๐๐ข๐Ÿ๐Ÿ๐ž๐ซ๐ž๐ง๐œ๐ž๐ฌ ๐š๐ง๐ ๐›๐ฎ๐ข๐ฅ๐๐ข๐ง๐  ๐จ๐ง ๐ญ๐ก๐ž ๐œ๐จ๐ฆ๐ฆ๐จ๐ง ๐ฌ๐ฉ๐š๐œ๐ž ๐ญ๐ก๐š๐ญ ๐ฐ๐ž ๐š๐ฅ๐ฌ๐จ ๐ฌ๐ก๐š๐ซ๐ž.

๐ƒ๐ข๐ฏ๐ž๐ซ๐ฌ๐ข๐ญ๐ฒ ๐ข๐ฌ ๐จ๐ฎ๐ซ ๐ฌ๐ญ๐ซ๐ž๐ง๐ ๐ญ๐ก ๐›๐ž๐œ๐š๐ฎ๐ฌ๐ž ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐๐ข๐ฏ๐ž๐ซ๐ฌ๐ข๐ญ๐ฒ, ๐ฐ๐ž ๐ฅ๐ž๐š๐ซ๐ง ๐Ÿ๐ซ๐จ๐ฆ ๐ž๐š๐œ๐ก ๐จ๐ญ๐ก๐ž๐ซ ๐ฌ๐ญ๐ซ๐ž๐ง๐ ๐ญ๐ก๐ฌ ๐š๐ง๐ ๐ฆ๐š๐ค๐ž ๐ฎ๐ฉ ๐Ÿ๐จ๐ซ ๐จ๐ฎ๐ซ ๐ฐ๐ž๐š๐ค๐ง๐ž๐ฌ๐ฌ๐ž๐ฌ.

"She allegedly commented that Singapore law enforcement authorities discriminated against citizens, and that compared to other groups, rich Chinese and white people were treated differently under the law," said SPF in a statement on Jul 5.

"In the context of a news article on the City Harvest Church ruling, Raeesah Khan allegedly commented that Singapore jailed minorities mercilessly, harassed mosque leaders but let corrupt church leaders who stole S$50 million walk free, and questioned who had been paid."

We know this isn't true as the leaders were jailed.

Wednesday, 16 September 2020

WP supporters creating a false perception



Right after WP won Sengkang GRC, this petition went round without any basis for it. Today, after more than 2 months, the petition is still going round.

The intent of this petition is not about asking for a promise of grant (which should not even arise in the first place unless the petitioner wants to imply that the new Sengkang Town Council will manage town council funds very badly).

The intent of this petition is to spread a false perception. This is why more than 2 months later, the petition is still making its rounds.

The uninformed and the gullible reading the petition will think that the government intends to withhold grants from Sengkang. This is how seeds of falsehoods are sowed. They get entrenched through their continued presence on social media.

In a statement published by Sengkang GRC Facebook page, the WP describes these petitions as ''WELL-MEANING" and WP 'APPRECIATE' the efforts of many Singaporeans ASSISTING them. The only instruction WP gave to their supporters is not to use WP photos..
Guess other than that, supporters can continue their efforts.

Tuesday, 15 September 2020

You can withdraw up to 20% of your Retirement sum at age 65



Really, ignorance is not bliss.

Some are just not interested in keeping themselves informed or up-to-date. They prefer to spend their time spreading misery with their misinformation, deliberately or otherwise.
It is a false perception they seek to perpetuate and they have found social media to be a great tool to do just that.
Be informed. Not misled.

Monday, 14 September 2020

Temasek does not handle CPF monies



After having clarified so many times on this page that Temasek does not handle CPF monies, still we see people making the false claim. We therefore come to the conclusion that it is a deliberate attempt to perpetuate a falsehood.

To be clear, Temasek does not handle CPF monies, does not manage foreign reserves, does not manage government reserves.
Temasek OWNS the assets on its balance sheet (Not your money).
Temasek manages its own assets, which have accrued mainly from proceeds from sale of its investments and reinvestments of dividends and other cash distributions it receives from its portfolio companies and other investments.
Temasek also has its own borrowings and debt financing sources such as the Temasek Bonds and Euro-commercial Paper Programme.
CPF monies are invested by the CPF Board (CPFB) in Special Singapore Government Securities (SSGS) that are issued and guaranteed by the Singapore Government.
The proceeds from SSGS issuance are pooled with the rest of the Government's funds.
The comingled funds are first deposited with MAS as government deposits.
MAS converts these funds into FOREIGN assets through the foreign exchange market.
A major portion of these assets are of a long-term nature.
These assets are ultimately transferred to GIC to be managed over a long investment horizon.

Creating good jobs and opportunities for you and your children: Lee Kuan Yew


 

๐๐š๐ญ๐ข๐จ๐ง-๐›๐ฎ๐ข๐ฅ๐๐ข๐ง๐ , said Mr Lee Kuan Yew, is ๐š ๐ฉ๐ซ๐š๐ ๐ฆ๐š๐ญ๐ข๐œ ๐ฉ๐ซ๐จ๐œ๐ž๐ฌ๐ฌ, step by step.

"Each step we take is to open avenues for yourself and your childrenโ€™s future and that is the message I want to convey very strongly before I am not able to say it." - Lee Kuan Yew
The globalized companies that Singapore wants to attract are staffed by talents from many parts of the world. These are companies at the cutting edge, breaking new grounds, Prime Minister Lee Hsien Loong said.
Singaporeans may not have the skills needed for a higher level job in such companies.
What do we do? So 'no' to the investment because we lack the skills?
Trade and Industry Minister Chan Chun Sing said:
"We land the investment first. Create the jobs in Singapore first. Work hard to train our people, upgrade their skills to take over the jobs as soon as possible."
This is the way we create good jobs not just for present Singaporeans but also for your children in time to come.

Sunday, 13 September 2020

What do you see? 600 jobs held by foreigners (PRCs) or 400 job opportunities for Singaporeans and a chance to learn, gain experience and grow in a global company?



What do you see?

600 jobs held by foreigners (PRCs) or 400 job opportunities for Singaporeans and a chance to learn, gain experience and grow in a global company? Is the glass half full or half empty?
Or are you going to complain that there are many PRCs in your workplace and start a petition to ban them like Lim Tean?
A petition that says: abolish Alibaba and return 1000 jobs to Singaporeans (Lim Tean's petition: abolish CECA and return 2400+ jobs to Singaporeans)? Does this even make sense?
Abolish CECA and you still have 2400+ jobs to take back? Are you thinking?
If Alibaba does not feel welcome, do you still have 400 jobs? If Alibaba is 'banned', can you take back 600 jobs? Does this make sense at all?
Don't be fooled.
When a global company comes here, they bring with them some talents, they also create some jobs for Singaporeans. This is how good jobs are created for Singaporeans.
If they do not come here, if they go elsewhere, then every job they create goes to a foreigner elsewhere. It's really that simple.

Friday, 11 September 2020

Still want a minimum wage of $1300 when you can earn at least $1850?



The Progressive Wage Model for the fourth cluster, the Lift and Escalator cluster, will be phased in in stages.

Here's how it looks like.
Still want a $1300 minimum wage? That's what you will get if it is the legislated national minimum wage.
The Progressive Wage Model is sector-based. The minimum wage in the model is sector specific. This allows the minimum wage to be set differently according to each sector.
The set of skills required in different sectors is different and therefore wages will also be different.
The minimum wage in the PWM is set through consultation and negotiation among tripartite partners, taking into account all needs and sustainability.
Wages are tied to productivity. They are determined by output and decided by employers. A more productive worker will be paid more.
It really does not make sense for a third party - politicians - to decide arbitrarily by themselves, what a suitable wage should be. That's an unbalanced equation.
If you're in the lift and escalator sector, you wouldn't want $1300 when you can earn at least $1850.

A minimum wage of $1300? Under the PWM, workers are already earning that and MORE.



A minimum wage of $1300? Under the PWM, workers are already earning that and MORE.

The 3 clusters - cleaning, security, landscape - together have benefitted more than 78,000 workers.
Be progressive. Why support a $1300 min wage when you can earn more than that?
If such a min wage policy is adopted, your wages will come down to that minimum. Is that what you wish?

This is what happens when there is no super majority in Government



This is what happens when you have a balance of power between opposing parties. Partisan politics come to the fore. The government is checkmated. At crucial moments, important things don't get done.


Members vote according to partisan politics and there is no long term planning as the goal is always about what it takes to win the next election.

A super majority is not a bad thing. It is a bad thing only if the party with the super majority is a bunch of crooks.

A super majority allows for long term planning in the interest of the country as the leaders do not worry too much about the next election. This includes doing what is unpopular but necessary.

What this means is that it is not how many people from a party you vote in, it is the integrity of the people you vote in.

What makes a system a good system is the integrity of the people in leadership position. The leader sets the tone and the direction.

Thursday, 10 September 2020

Chinese companies coming to Singapore to invest



According to the report by FT, companies like Alibaba-backed Ant Group, Chinaโ€™s second-largest brokerage Haitong Securities, Huaweiโ€™s cloud division and Tencent-backed digital bank WeBank have in recent months approached Singaporeโ€™s industry groups about becoming members or partnerships.

โ€œSingapore is benefiting from geopolitical tensions,โ€ said Chia Hock Lai, president of the Singapore Fintech Association, adding that the organisationโ€™s membership had swelled from 350 groups in March to 780 as of September.
These companies will want to bring with them the specialised talents that they need. Singapore may not have sufficient talents to meet all their needs. Singapore will have have the whole suite of talents they need.
What do we do? Welcome them and some good jobs are created for Singaporeans who will gain good experience as well and learn new things.

Foreign talent: the silent majority must speak up!



The loudest group is not necessary the majority. We saw how over 100,000 signed a petition to do away with the NDP funpack. As big a group as they may be, we have seen how they represented only a minority in the real world.

The concern over fair hiring and discriminatory hiring is a legitimate one and that concern is being addressed. We must not allow that concern to be exploited by a vocal minority that seeks to turn it into an anti-foreigner sentiment.
Don't shoot ourselves.

Wednesday, 9 September 2020

Stop talking about the minimum wage



If the Workers' Party feels strongly about a minimum wage, it should move beyond a critique of outcomes to examining the merits and demerits of the policy measures to help the poor and address inequality. Show why these policies are inadequate and propose alternatives.

Singaporeans are not ideologically fixated, so if a better policy solution can be found, we will do the right and pragmatic thing to help citizens live a better life.

Are hubs still relevant in a COVID world?



Trade and Industry Minister Chan Chun Sing said:
In a more fragmented global economy, there will not be just a single hub, but a series of key nodes in a larger network with other nodes that must be able to connect seamlessly with one other.
Singapore aims to be one of these critical nodes in the global system. To achieve this, we will not only remain committed to make Singapore the preferred hub for companies to connect and do business with Asia and internationally but also ensure that our businesses and people can continue to have access to opportunities.

Monday, 7 September 2020

Foreign talent policy cannot change: Lee Kuan Yew



The question on foreign talents is not a new question we face today. Back in 2003, Mr Lee Kuan Yew was asked by a student in NTU whether the Government would re-examine the foreign talent policy and this is an excerpt of Mr Lee's reply.

Sunday, 6 September 2020

Be thankful we are able to live a proper life because of COVID-19 precautions



Don't complain about restricitve COVID-19 measures. Be thankful instead and continue to observe them with discipline.They have enabled us to live a 'normal' life.

Indeed, our students have gone safely back to school and are now enjoying their one-week break.
In places where basic safeguards are not in place, people dare not leave their homes for fear of being infected.
The paradox of life is that rules and laws actually give people more freedom than if rules and laws are lacking or not enforced.

Saturday, 5 September 2020

Jamus Lim shamelessly takes credit for Progressive Wage Model


 

Cockadoodledoo!

The Progressive Wage Model will still be around if the cock forgets to crow.
The Progressive Wage Model has been in Singapore for much longer than Jamus' return from overseas.
It's been around since 2012 and expanding. Jamus came back only in 2018.
In Feb this year at the Committee of Supply debate, Minister Zaqy Mohamad had announced the expansion of the model to other sectors to create a virtuous cycle where companies that voluntarily pay progressive wages and provide job progression pathways to their lower-wage workers, are recognised and rewarded by consumers who support them by purchasing their products or services.
"We will not stop at these four clusters, and intend to expand the PWM to more sectors," affirmed Minister Zaqy in February.
He revealed that MOM was actively working with tripartite partners to explore how to expand the PWM in new sectors and with a new approach. More will be shared once the economic climate and business conditions are more favourable.
That was in February.
Minimum Wage Plus is not anything new.
It is just another name for Progressive Wage Model.
Everyone knows that the Progressive Wage Model has a minimum wage feature incorporated into it. Everyone, that is, except Jamus.
Why PLUS?
PLUS: steps of progression to earn more than the minimum through enhanced and skills training.
Hence, Minimum Wage Plus or progressive wages.
Nothing has shifted. The Government has been marching forward with the Progressive Wage Model.
What has been on display is Jamus' unabashed showmanship, the form without the substance.

Friday, 4 September 2020

Jamus Lim's universal progressive wage model



Jamus Lim proves to be an inattentive listener as well.

No, the MInister did not refer to a universal Progressive Wage Model.
Because there is no ๐ฎ๐ง๐ข๐ฏ๐ž๐ซ๐ฌ๐š๐ฅ Progressive Wage Model.
There is a progressive wage model. The progressive wage model is also known as 'Minimum Wage Plus'.
Minimum Wage Plus is not a new thing. It was started in 2012. It is the Progressive Wage Model. It is not universal. It is sectoral-based.
Well, sometimes failing to listen carefully and getting it wrong can warm the cockles of your own heart.

Jamus' virtue signalling


Donovan Choy wrote:

This is fantastic. Tharman sees through Jamus' virtue signalling and calls it out exactly for what it is. These rhetorical tactics are so typical of figures on the Left. I cannot recall how many times I've heard progressive speakers push the insanely empty-headed "we shouldn't only be concerned with economic efficiency" trope, as if being financially efficient and prudent was a factor to consider in isolation, separated from having basic human compassion or decency.

๐“๐ก๐š๐ญ ๐ซ๐ก๐ž๐ญ๐จ๐ซ๐ข๐œ๐š๐ฅ ๐ญ๐ซ๐ข๐œ๐ค ๐ข๐ฌ ๐ญ๐ก๐ž ๐ž๐ช๐ฎ๐ข๐ฏ๐š๐ฅ๐ž๐ง๐ญ ๐จ๐Ÿ ๐ญ๐ž๐ฅ๐ฅ๐ข๐ง๐  ๐ฉ๐š๐ซ๐ž๐ง๐ญ๐ฌ ๐ฐ๐ก๐จ ๐ฐ๐จ๐ฎ๐ฅ๐ ๐ซ๐š๐ญ๐ก๐ž๐ซ ๐ฌ๐š๐ฏ๐ž ๐ฆ๐จ๐ง๐ž๐ฒ ๐š๐ง๐ ๐ ๐ข๐ฏ๐ž ๐ญ๐ก๐ž๐ข๐ซ ๐ค๐ข๐๐ฌ ๐š ๐›๐ž๐ญ๐ญ๐ž๐ซ ๐ฅ๐ข๐Ÿ๐ž ๐ญ๐ก๐š๐ญ ๐ญ๐ก๐ž๐ฒ'๐ซ๐ž "๐ญ๐จ๐จ ๐œ๐š๐ฎ๐ ๐ก๐ญ ๐ฎ๐ฉ ๐ฐ๐ข๐ญ๐ก ๐ž๐œ๐จ๐ง๐จ๐ฆ๐ข๐œ ๐ž๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐œ๐ฒ", ๐ญ๐จ ๐›๐ž ๐ฆ๐จ๐ซ๐ž "๐œ๐จ๐ฆ๐ฉ๐š๐ฌ๐ฌ๐ข๐จ๐ง๐š๐ญ๐ž" ๐š๐ง๐ ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐ฌ๐ฉ๐ž๐ง๐ ๐จ๐ง ๐ญ๐ก๐ž๐ข๐ซ ๐ค๐ข๐๐ฌ ๐ง๐จ๐ฐ. ๐ˆ๐ญ'๐ฌ ๐ฎ๐ญ๐ญ๐ž๐ซ ๐ง๐จ๐ง๐ฌ๐ž๐ง๐ฌ๐ž ๐š๐ง๐ ๐ฉ๐ฅ๐š๐ข๐ง ๐ฉ๐จ๐ฅ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ฉ๐จ๐ฌ๐ญ๐ฎ๐ซ๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐ข๐ ๐ง๐จ๐ซ๐š๐ง๐ญ ๐ฏ๐จ๐ญ๐ž๐ซ๐ฌ. Every dollar spent on A is a dollar not spent on B. Inefficient and wasteful policies merely means that the people of a specific group today benefit at the expense of another group tomorrow.

https://www.facebook.com/1534710122/posts/10223260700855867/?extid=xiZ76oyy8LuAMWug&d=n

๐๐จ๐ฐ ๐ญ๐ก๐ž ๐จ๐ฉ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐ฌ๐š๐ฒ๐ฌ: ๐ฌ๐ก๐จ๐ฐ ๐ฆ๐ž ๐ก๐จ๐ฐ ๐ฆ๐ฎ๐œ๐ก ๐ฐ๐ž ๐ก๐š๐ฏ๐ž ๐ข๐ง ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ž๐ซ๐ฏ๐ž๐ฌ, ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐ˆ ๐๐ž๐œ๐ข๐๐ž ๐ฐ๐ก๐ž๐ญ๐ก๐ž๐ซ ๐ˆ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐๐ฎ๐๐ ๐ž๐ญ ๐š๐ง๐ ๐ญ๐š๐ฑ ๐ฉ๐ฅ๐š๐ง๐ฌ. ๐‹๐ž๐ญ ๐ฎ๐ฌ ๐ก๐š๐ฏ๐ž ๐š ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ฆ๐จ๐ง๐ž๐ฒ.



Recently it was reported in the news that there were Singaporeans in financial difficulties due to COVID-19. These were not the average earners. They are high earners who had not managed their funds well. Just as an individual must live within his means, so too must a family and a country.

In his speech in Parliament on 2 September, Prime Minister Lee Hsien Loong emphasized the need to live within our means and to save for rainy days.

He said:

As a matter of principle, our social safety nets should be paid for out of current revenues. ๐–๐ž ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐ง๐จ๐ญ ๐๐ซ๐š๐ฐ ๐๐จ๐ฐ๐ง ๐จ๐ง ๐ฐ๐ก๐š๐ญ ๐ฐ๐ž ๐ก๐š๐ฏ๐ž ๐ข๐ง๐ก๐ž๐ซ๐ข๐ญ๐ž๐, ๐ง๐จ๐ซ ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐ฐ๐ž ๐ฆ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐ญ๐ก๐ž ๐Ÿ๐ฎ๐ญ๐ฎ๐ซ๐ž ๐จ๐Ÿ ๐จ๐ฎ๐ซ ๐œ๐ก๐ข๐ฅ๐๐ซ๐ž๐ง.

When our founding generation were building up our reserves, they never asked themselves whether they had too much savings.

We were in our early days of nationhood. Things were so uncertain, and no one knew what the next day would bring.

Compared to today, incomes then were low but it was never a question of how much reserves would be enough.

The question was whether we could steadily squirrel away a bit more in our reserves, year after year, decade after decade, as protection for a rainy day.

After several generations of frugal prudence, we have built up significant reserves and ๐›๐ž๐œ๐š๐ฎ๐ฌ๐ž ๐ฐ๐ž ๐ก๐š๐ฏ๐ž ๐ญ๐š๐ค๐ž๐ง ๐ฌ๐ฎ๐œ๐ก ๐š๐ง ๐š๐ฉ๐ฉ๐ซ๐จ๐š๐œ๐ก ๐œ๐จ๐ง๐ฌ๐ข๐ฌ๐ญ๐ž๐ง๐ญ๐ฅ๐ฒ, ๐๐ž๐œ๐š๐๐ž ๐š๐Ÿ๐ญ๐ž๐ซ ๐๐ž๐œ๐š๐๐ž in this enormous monster storm.

We have been able to draw on past reserves and fund our essential Budget packages and help people on a very big scale.

๐๐จ๐ฐ ๐ญ๐ก๐ž ๐จ๐ฉ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐ฌ๐š๐ฒ๐ฌ: ๐ฌ๐ก๐จ๐ฐ ๐ฆ๐ž ๐ก๐จ๐ฐ ๐ฆ๐ฎ๐œ๐ก ๐ฐ๐ž ๐ก๐š๐ฏ๐ž ๐ข๐ง ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ž๐ซ๐ฏ๐ž๐ฌ, ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐ˆ ๐๐ž๐œ๐ข๐๐ž ๐ฐ๐ก๐ž๐ญ๐ก๐ž๐ซ ๐ˆ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐๐ฎ๐๐ ๐ž๐ญ ๐š๐ง๐ ๐ญ๐š๐ฑ ๐ฉ๐ฅ๐š๐ง๐ฌ. ๐‹๐ž๐ญ ๐ฎ๐ฌ ๐ก๐š๐ฏ๐ž ๐š ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ฆ๐จ๐ง๐ž๐ฒ.

๐๐จ๐ฐ ๐ญ๐ก๐ž ๐จ๐ฉ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐ฌ๐š๐ฒ๐ฌ: ๐ฌ๐ก๐จ๐ฐ ๐ฆ๐ž ๐ก๐จ๐ฐ ๐ฆ๐ฎ๐œ๐ก ๐ฐ๐ž ๐ก๐š๐ฏ๐ž ๐ข๐ง ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ž๐ซ๐ฏ๐ž๐ฌ, ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐ˆ ๐๐ž๐œ๐ข๐๐ž ๐ฐ๐ก๐ž๐ญ๐ก๐ž๐ซ ๐ˆ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐๐ฎ๐๐ ๐ž๐ญ ๐š๐ง๐ ๐ญ๐š๐ฑ ๐ฉ๐ฅ๐š๐ง๐ฌ. ๐‹๐ž๐ญ ๐ฎ๐ฌ ๐ก๐š๐ฏ๐ž ๐š ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ฆ๐จ๐ง๐ž๐ฒ.

This was not the attitude of our forefathers, the founders who are building for the future.

But the ๐š๐ญ๐ญ๐ข๐ญ๐ฎ๐๐ž ๐จ๐Ÿ ๐ข๐ง๐ก๐ž๐ซ๐ข๐ญ๐จ๐ซ๐ฌ ๐ฐ๐ก๐จ ๐ญ๐ก๐ข๐ง๐ค ๐ญ๐ก๐ž๐ฒ ๐ก๐š๐ฏ๐ž ๐œ๐จ๐ฆ๐ž ๐ข๐ง๐ญ๐จ ๐š ๐Ÿ๐จ๐ซ๐ญ๐ฎ๐ง๐ž, ๐š๐ง๐ ๐ฐ๐š๐ง๐ญ ๐ญ๐จ ๐œ๐จ๐ง๐ฌ๐ฎ๐ฆ๐ž ๐ญ๐ก๐ž ๐Ÿ๐ซ๐ฎ๐ข๐ญ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž๐ข๐ซ ๐ฉ๐ซ๐ž๐๐ž๐œ๐ž๐ฌ๐ฌ๐จ๐ซ๐ฌโ€™ ๐ฅ๐š๐›๐จ๐ฎ๐ซ๐ฌ.'

This is fundamentally the wrong approach.

How much reserves are enough, or too much? There can be no good answer to this question.

Thursday, 3 September 2020

Jamus Lim disappoints with no answer for minimum wage level



One expects more of Jamus Lim.

But his maiden performance in Parliament was an anticlimax to the hype of election and the expectations that followed

He came to Parliament to make the call for a minimum wage but has no idea what that wage should be.

He seemed completely unaware of WP's call for a $1300 min take-home wage. Does he think this is the right level? Is it too high? Too low? What's the impact on SMEs? Etc?

He does not know of any country with a minimum wage that has a lower unemployment rate than Singapore but he has 'reams and reams of studies' that support his claim of the impact of a minimum wage.

Reality is not an academic discussion.

Will WP step up to be a loyal opposition?



PM Lee hopes that WP will step up and do more than just asking questions and scrutinising policies. He hopes they will put up serious proposals for debate and scrutiny, and to be adopted if found to be of merit.


But will the WP rise to it?

Will taxpayers' money be spent in vain? What do you think?

It is morally wrong for Pritam Singh to tell voters they can safely vote for him because the PAP will still be the government.


It is morally wrong to tell voters they can safely vote for him because the PAP will still be the government. It is deceptive. It is dishonest

It is not right for Singapore.
WP has been pursuing this free rider concept for a long time.
At the local level, they tell voters they can vote for the opposition as the losing PAP candidate will still take care of them. Vote for the opposition. You still get the services of the losing candidate. Buy 1 get 1 free.
Where else in the world do you find voters voting for party B when they want Party A to be the government?
If pursued long enough this free rider problem will lead to market failure. In this case, a failure in the democratic system where voters elect a government they do not want.
Pritam insisted he was not desperate for power. In reality, he is using deception to grow power.

Wednesday, 2 September 2020

Do not doubt. Do not fear. Our economy will prosper anew..



Yes! Thank you, PM Lee for an inspiring message. It will come to pass.


"Do not doubt. Do not fear. Jewel will shine again. Changi will thrive again. SIA will be a great way to fly once more. Our economy will prosper anew. And our children and our grandchildren will continue ascending to the sunlit uplands of a fairer, ever more just and equal society."