The CPF Life scheme is an attempt to repair a national pension system that has become inadequate in sustaining members through old age.
The reason why the CPF system has become deficient in the first place is because of persistently low interest rates paid on CPF accounts, which has prevented members from building their wealth, as well as members having to pay a large amount of funds towards their property.
As a result of these two factors, and to some extent the inadequacies of the Medisave system in taking care of members’ medical needs, the CPF Life scheme is needed to fill the gaps of this sinking ship.
As medical science advances and with an increased emphasis in a balanced lifestyle, Singaporeans are expected to live longer with females having an average life expectancy of 83.2 years and males an average of 78.4 years. Living longer in turn means that one needs to be financially equipped to sustain his/her living expenses.
It is with this in mind that the CPF Board came up with the CPF Life scheme consisting of 4 options for CPF members to choose from – Life Basic, Life Balanced, Life Plus and Life Income. The CPF Life Balanced is the default selection if one does not specify any plan.
Though it is compulsory for everyone who turns 55 in 2013 to opt in, this does not mean that the CPF Life is the only solution available for one’s retirement income needs.
Let us first take a look at the features of the CPF Life scheme.
Who can join CPF Life
Those age 52-54 and age 55 and above in 2009 can opt to join CPF Life (not compulsory).
Those age 51 and below will automatically be enrolled in the Life Balance Plan if they have $40,000 in their Retirement Account (RA) at age 55.
CPF members cannot commit more than the prevailing minimum sum into CPF Life.
The entire RA account up to the minimum sum will be used for the CPF Life. Once a plan has been chosen, it cannot be changed.
Attributes of CPF Life
Monthly payout is not fixed - The payout will be adjusted based on the CPF interest rates and the mortality experience. CPF, however, mentioned that the adjustments will be small.
Monthly income level - The CPF member needs to consider the income amount he/she wants to receive monthly. This has a direct impact on the bequest amount for the beneficiaries.
Bequest amount (benefit left for beneficiaries) - The higher the monthly income, the lower the bequest amount and vice versa.
Females will receive lesser amount than males
To put it simply:
How CPF Life Works
2 components to CPF Life – Retirement Account (RA) savings & Annuity
The entire RA savings will be used to fund the CPF Life scheme. This savings is split into a pot consisting of the RA and another pot which pays the annuity premium. The split between the RA and annuity premium depends on the age of entry into the plan.
For example, for a 55 year old male, the split for Life Balanced is 70% RA and 30% annuity premium.
For Life Basic, it is 90% RA and 10% annuity premium.
As for Life Plus and Life Income, 100% goes into the annuity premium (as payout starts at drawdown age).
More will go into annuity premium for the older folks who join before 2013.
Why is this split of significance?
The reason is this:
Interest earned in the RA will be accrued in the RA and the interest will be given to the beneficiary upon the passing on of the CPF member.
Interest earned on the annuity premium will be contributed towards the annuity fund which pools interest from other CPF members – this interest is not payable upon death.
What do beneficiaries get upon death of the CPF member?
For CPF Life Basic, Balanced & Plus: Unused RA savings plus the premium for the annuity less any payout.
For CPF Life Income: This plan does NOT provide for any refund even when the CPF member passes one before any payment has been made.
Note: Amounts are estimated based minimum sum $100,000 of male age 55 with deferred drawdown till age 65. CPF interest rates are assumed at levels of 3.75% and 4.25% (Non-guaranteed).
What does all this mean before you sign up for CPF Life?
CPF Life payout is fixed around the same levels
It is not pegged against inflation, hence, the value of payouts will shrink over time as prices of goods rise.
CPF Life payout is not guarantee
It is dependent on market conditions. It will be reviewed every year based on CPF interest rates and mortality experience - if CPF interest rates decrease, the payout and bequest amount will also reduce.
Limitation of CPF Life Income option
It does NOT pay out any money to the beneficiary should the CPF member die before payout starts.
Variable payouts and bequest amounts
Higher payouts mean that lesser or nothing is left for beneficiaries
Interest earned
Interest earned from the annuity of CPF Life Plus plan is distributed to a common pool
Knowing the difference between CPF Life & a Participating Annuity
The CPF Life Income option though gives the highest payout is not suitable for everyone. It must also be chosen with caution as it does not leave anything for your beneficiaries. Not only that, there is no refund option upon withdrawal from the scheme.
In conclusion:
You should not depend on CPF Life to meet all your retirement funding needs as the payouts may not substantial.
The best thing to do today is to save more and plan your retirement early.
You can also consider additional income plans like participating annuities from insurers.
It is also critical that you have adequate medical and insurance coverage in your retirement years.
CPF Life is our last line of defence against outliving our resources. Plan early for your future lifestyle needs and you can enjoy a worry free
Thursday, May 12, 2011
George Yeo supported the casino
Prime News
Mega boost likely: George Yeo306 words
15 April 2005
Straits Times
STIMES
English
(c) 2005 Singapore Press Holdings Limited
A CASINO could provide a mega-boost to the economy, Foreign Affairs Minister George Yeo said last night.
But, whatever the decision, no effort will be spared to minimise the social costs of gambling here, he added.
He was commenting on a survey which indicated that one in every 50 adult Singaporeans risked becoming problem gamblers.
Mr Yeo, as then-Trade and Industry Minister, first broached the casino idea in Parliament during the Budget debate last year.
Explaining the rationale for the proposal, he said last night: 'We are talking about millions of dollars' worth of investment, thousands of jobs and the possibility of increasing annual tourism inflow into Singapore by hundreds of thousands a year.'
He gave his comments to reporters at the launch of a poll for a Housing Board upgrading programme in Bedok. He was not surprised by survey results indicating that some 55,000 adult Singaporeans could become addicts.
'We know there are always problem cases that can lead to occasional family tragedies, whether or not there's a casino.'
People could, for instance, be addicted to horse-racing. 'So whether or not we proceed with this integrated resort, we should make sure we find ways to minimise the social costs.'
Measures could include barring those on public assistance schemes from a casino. Family members could also be empowered to prevent those with a gambling problem from entering casinos.
Still, admission procedures should be simple: 'We should also not make it so complicated that we create a bureaucracy to monitor who can enter the casino.'
As for his personal stand, he said: 'The Cabinet has taken a decision, so we will go by the collective decision.
'Of course, I announced it a year ago in Parliament... and the economic benefits are not trivial.'
RADHA BASU
Wednesday, May 11, 2011
the present
do not look back and cried over the past
for it is gone.
do not be troubled about the future,
for it has not yet come.
liver in the present, live it to the fullest
and make it so beautiful
That it will be worth remembering.
Tuesday, May 10, 2011
Foreign Minister GeorgeYeo announced his retirement from politics
Media press statement by George Yeo on Tuesday, 10 May, 2011
Thank you for waiting a couple of days for me to rest before meeting you.
Aljunied voters have decided and I respect their decision. Having committed 23 years of service to the residents, it is only natural for me to feel disappointed but this is politics.
It has been my privilege to have served them all these years and they have enriched my life. They have also enabled me to serve in various capacities as a Cabinet Minister in MITA, Health, MTI and MFA for which I am grateful.
Why did we lose Aljunied?
Mr Low Thia Kiang himself said that they won Aljunied not because the Aljunied team did not do a good job, but because the voters wanted WP to be their voice in Parliament.
Mr Low's analysis is fair and I agree with him. This desire for a strong WP voice in parliament was a political tide which came in through Aljunied which we were unable to withstand despite our very best efforts. Right from the start, the Workers party made Aljunied a national battleground.
The fight became one between a Workers Party voice in Parliament and an Aljunied team with two ministers, a potential Speaker of Parliament, a potential minister and a most effective Town Council chairman.
Though I wish the outcome had been different, Aljunied voters have made their choice.
Many of my supporters asked me to stay on to win back Aljunied in five years time. I wanted to level with them and told them last night that it is better for a younger person to take on this important task. I'm already 57 years old and would be 62 by then. Naturally I would help to ensure a smooth handover.
As we ended our campaign on 5 May, I talked about the importance of transforming PAP. This is a belief I've held for some time. It was not something I felt I could say when the campaign started. But, as the campaign went on, as we heard the growing cry from the heart, I decided to make it plain. Like it or not, we are entering a new phase in Singapore politics development. How we respond to it will decide Singapore's destiny in the 21st century.
I would help in whatever way I can to bring about this transformation of the PAP. I wish I had a mandate from the people of Aljunied to be a strong advocate of such transformation. But I don't.
As for remaining in public life, I will contribute in whatever modest way possible.
Many young people have stepped forward to help me in this campaign. Even more have cheered me on. It is not good that so many of them feel alienated from the Singapore they love. I look forward to continue working with them so that the Singapore we struggle for is the Singapore they feel is their own.
As to the actual role I can play, I'll be happy to respond to them. In the last few years, I have learnt much from my young friends. Often they led me rather than I led them. Since the GE results came out, there has been a flood of support for me expressed personally, through friends and relatives, on email and, in an astonishing way, on internet and FB. The words expressed are heartfelt. Many wrote me long passages, some in tears. I'm grateful for the kind words and the good wishes, and will be an advocate of their cause.
As for what I'll do professionally after stepping down as Minister when the new Cabinet is sworn in, I'm not rushing to make a decision. My wife and I thought we should take our time to think this over. We also need a break to spend more time with the family.
From the bottom of my heart, I would like to thank the people of Singapore for the opportunity of serving them in the last 23 years.
Monday, May 09, 2011
out sick
have been sick for the past few weeks and still fully recovered.
the warm weather and also our body resistance too.
planned to go for blood donation but postponed to later date when we get well.
in the meantime, drink plenty of water and have a good rest.
Sunday, May 08, 2011
Thursday, May 05, 2011
if you genuinely support the PAP and want them to succeed, then you must vote for the Opposition
Because EVERYONE can see so clearly that the PAP's performance over the past five years is just taking this country on a one-way trip into slow deterioriation and gradual collapse.
It's just that they have lost their way, over the past five years.
The best thing that can happen for the PAP is that they lose 19 seats in this election. Then suddenly they will wake up, remember the people whom they are supposed to serve, and start getting their act together
Saturday, April 30, 2011
Friday, April 29, 2011
the rise of legend: Mr Chiam, you don't have to speak. We will vote for you!
Wednesday, April 27, 2011
Monday, April 25, 2011
Saturday, April 23, 2011
Wednesday, April 13, 2011
Tuesday, April 12, 2011
she
she has submitted her letter and will be leaving on 20th April 2011.
that's will be 8 days left, and she will be back to her country for a break.
when we heard the news, our mind went blank and we could not think too much.
finally she has decided to leave for good.
and we knew that we will not be seeing her for a long, long time.
her good friend also found a good offer she could not resist and will be leaving on the same day.
after sometime, we realized it is good. finally our heartache person has gone.
finally.
Saturday, March 19, 2011
still
many things have happened recently.
colleagues have been leaving one by one, and soon the group is broken into pieces and from the things we have seen, it will become nothing in the end.
well, we have encouraged our colleague to take the leap as we have seen and heard from her that she has not been compensated for the efforts she has placed for the past year.
she did not have the share option after she has submitted.
and she has been working for 6 years and got minimum increments.
it is sad to see someone with us for the past few years and suddenly she is gone to other places.
soon, another colleague will be leaving.
alas.
Thursday, March 03, 2011
it's been a long while
it's been a long while since we wrote.
actually there are many things happened during this period.
and we learnt that we have to change our attitude.
we could not see our mistakes, but others could.
and we knew that we cannot be stubborn, anymore and accept the truth
actually there are many things happened during this period.
and we learnt that we have to change our attitude.
we could not see our mistakes, but others could.
and we knew that we cannot be stubborn, anymore and accept the truth
Wednesday, February 16, 2011
a year later Part II
we have found pieces of notes which we have travelled to malaysia during LNY last year,2010.
it was the beginning of the difficult days and we have no idea how tough it was, until we reached the point.
well, as we laughed at ourselves on the days we cried, sobbed and angry, it was extremely difficult to get rid of the things once it was inside our heart.
but we did, and came out to a changed, new person, indeed.
it was the beginning of the difficult days and we have no idea how tough it was, until we reached the point.
well, as we laughed at ourselves on the days we cried, sobbed and angry, it was extremely difficult to get rid of the things once it was inside our heart.
but we did, and came out to a changed, new person, indeed.
Tuesday, February 15, 2011
a year later
time passes quickly and it is already a year.
when we glanced back the difficult days, we can laughed at ourselves and our obsessions in carrying on the relationship, knowing it has no real ending.
so, our valentine day became a sad day, not only for us and her as well.
a year later, we did not speak each other and she had her old Indian boyfriend who will be her 2nd husband. she was separated and had two teenagers.
on the hindsight, why did we get into this mess in the first place?
love.
the pleasure of love last for a moment.
when we glanced back the difficult days, we can laughed at ourselves and our obsessions in carrying on the relationship, knowing it has no real ending.
so, our valentine day became a sad day, not only for us and her as well.
a year later, we did not speak each other and she had her old Indian boyfriend who will be her 2nd husband. she was separated and had two teenagers.
on the hindsight, why did we get into this mess in the first place?
love.
the pleasure of love last for a moment.
Friday, February 11, 2011
changes
when the things exist, it will change forever, just like love.
when the things do not exist, it do not change.
just like our heart, it will stay the same, yesterday, today and forever.
when things change, our hearts change as well.
that was in the past, and now we have also change.
when things change, our hearts did not change.
when the things do not exist, it do not change.
just like our heart, it will stay the same, yesterday, today and forever.
when things change, our hearts change as well.
that was in the past, and now we have also change.
when things change, our hearts did not change.
Saturday, January 15, 2011
a new beginning
a brand new year,
the best year yet to be, and
every year is the best year, no matter what had happened, we still smiled.
whether in times of difficulty or happier times.
and we did not give a damn about it,anymore.
Thursday, January 13, 2011
looking back, Part VIIII
we have promised and it is done, finished and come to past, much to our relief and surprises that it ended so quickly.
we have assumed we may have to continue further and further.
and we counted ourselves fortunate to leave the relationship when we sense it did not worked out. we have many conflicts and they are simply unreasonable.
now we knew, and we knew and we knew how tough a relationships could go.
not an easy matter, alas.
here we are, letting go of yesterday and moving on to the future, cherishing the present precious moments we have.
what's more can we say?
Wednesday, January 12, 2011
Looking back, Part VIII
it is good.
we have set up a goal to help a girl from her married boyfriend and also finding her a good boyfriend.
she had finally found one for herself.
and we are really glad that she has finally got over it and move on.
alas.
for us, we have started a year ago to help her and now our task was compeleted.
it is finished.
when we learnt about it, it was bitter-sweet. we felt that we are being set free, liberated and our chains are gone.
but at the same time, our heart ached, but still it was a good news.
things finally turned around, for the better.
when she was with a married boyfriend, we have agreed to help her and never in our mind it would last a year or even more.
never had we pondered, but we took up the tasks as our promise.
now, it is done, and the things have come to past.
it is good.
we have set up things for her and after we have heard and saw the things, we have deactivated them.
well, we will missed her, indeed, and we told ourselves we have to let it go and move on.
Nothing is impossible.
Sunday, January 09, 2011
Looking back, Part VII
again, it had been a tough year in 2010.
we liked to proceed with the renovation of the our flat as the cost was cheaper then.
singapore just recovered from economy crisis in 2009 and things are not as expensive.
just when we started, the leaking problem became the biggest problem.
we have done all the procedures, and awaiting for our tenant above our floor to start doing her toilet.
we assumed it can be solved in a few weeks.
but little did we expect her to drag till 7 months later.
all our plans are ruined by this simple problem.
alas.
Saturday, January 08, 2011
Looking back, Part VI
and there are many problems, too.
our mother, the maid and mother was not happy with the maid.
many conflicts, arguments.
many headaches as well.
working place.
new boss. new system.
then our dearest colleague was caught sleeping on the job and bonus was forfeited.
alas.
Looking back, Part V
we learned a valuable lesson.
and we knew that we have to go through the process.
despite of the things happened, we still not affected by the incident and still walking the same old narrow path.
we did not changed, or swayed.
we just let it and move on.
it will not great to have her as we found out the truth and did not really know about her.
that was our biggest mistakes.
we just assumed that she was the one.
and we suffered greatly.
and it should not be happened in the first place.
Sunday, January 02, 2011
Looking back, Part IV
yes, we have to admit that we fell in love for the first time, and in the beginning, we are so sure of it and thinking of marrying her.(we laughed at our silliness, such naive thoughts)
well, in the end, it was just our own imagination.
and our own assumptions.
when we kissed her on that day, we still felt the pain in our heart, longing to be with her, but we knew it was not right somewhere.
something funny, something amiss.
short pain is better than long pain.
we decided to let it go.
and we did not know it was the painful period during those time.
alas.
Saturday, January 01, 2011
Looking back, Part III
the old and the new.
with the setting of 2010, and the dawning of 2011, a new page has turned.
we would not have assumed that it has happened, but it did.
we did not believed that we would fall, but we did.
we did not see the unseen things and glad that they have revealed in front of our eyes.
alas.
we have been stubborn.
yes. and we learnt from our stubborness.
Looking back, Part II
no matter what has happened in 2010, our hearts is still the same, as ever.
and still we are walking the same, old and narrow path we have first stepped.
it is still the same old us.
we are glad that we are still breathing the very air that support our lives and never, ever took things for granted.
it has been so and will be so at present, and in the future.
the past had long gone, leaving a trails of numerous things behind.
we picked some, discarded some, and kept those are good things.
looking back, a review of 2010
2010 had been a fantastic year.
could have been better, but many things have brought us down.
our right ankle and left knee cap.
we have been climbing hills to pick the ripe durians and coincidently injured our legs.
we took 3-4 months to heal, and at the present moment, it still hurt and we knew it will be a long road to full recovery.
another thing: love life. we have fallen in love and also fallen out of love.
however it is good. she was not meant to be in the first place and we are glad that it was all over between us and her.
short pain is better than long pain.
therefore, we told us not to be easily fall, yet again.
Friday, December 31, 2010
an old man
we have been staying in the same area for 27 years and met many familiar faces.
this morning was no particular.
he always worn t-shirt and shorts and took a seat at the void deck when i was surfing interent.
the last time when i met him, he was in good shape, it meant that he did not have any scars and his face was healthy looking.
however when we saw him this morning, there are two or three red scars on his left lower neck area.
he has became old then, and from the way he changed, it is not a good thing.
things always change, and i have accept the fact that he has grown old.
well, that is life.
Monday, December 27, 2010
Thursday, December 23, 2010
on the road, again.
after hearing what our fellow colleagues' situations, we understood that things changed eternally.
so, we will be on the road, yet again.
really will be missing our dearest colleagues.
Friday, December 17, 2010
stagnant wages over the past decade, high cost of living and youth violence
The high cost of living coupled with inadequate wages in Singapore have serious – sometimes deadly – consequences for the people. The recent spate of violence involving teenagers are a manifestation of the economic problems that is impacting society.
One of the biggest factors contributing to such an escalation of youth violence and waywardness is the lack of firm parental guidance.
The obvious question is: Where are the parents?
Most of them are working, of course. Wages in Singapore are so low that without both parents earning incomes, it is impossible for households to meet the family’s expenses.
YPAP's member took 200 upskirt videos and burned CD
Danny Soo Ee Hock took 200 upskirt videos with a camera pen and was charged with 9 months jail, according to the papers.
what was left out was his background linked with YPAPand he was recipient of Public Service Medal, a PBM, just this year at the 2010 National Day.
and also
Danny Soo Ee Hock was the Chairman of YPAP Punggol South and Punggol Park Community Club.
The Singapore media deliberately omitted the fact that he is a YPAP leader roped in by Teo Ser Luck in all its articles on his conviction.
Teo Ser Luck has so far kept mum on Danny Soo’s conviction and pretended as if nothing has happened.
WHEN Mr Teo Ser Luck became an MP in 2007,
he wanted Mr Danny Soo to head one of the grassroots organisations in his ward.
The MP for Pasir Ris-Punggol GRC, now 39, felt the sales manager, a grassroots volunteer for 12 years, had the heart to serve others and had the support of grassroots leaders, including the seniors. and today, the Punggol Park Community Club Management Committee (CCMC) is led by one of Singapore’s youngest grassroots leaders.
He convinced Mr Soo
Said Mr Teo, on his choice of Mr Soo: ‘He cares for others. He had been volunteering for many years and earned the respect of others to be…
a potential leader.
Monday, December 13, 2010
many Singaporeans may not be better off over the last decade
please refer to the Ministry of Manpower’s (MOM) Singapore Workforce 2010 Report ,released on 30 November.
The real nominal median income for all employed residents rose by only 1.1% to $2,500 in 2010.
After two consecutive years of negative real income growth in 2009 (- 1.8%) and 2008, six years (2001 to 2006) whereby median income hardly moved, and just one year of significant rise in 2007, the bottom line is that real wage growth for the last 10 years or so,
With inflation running at 3.5% now, and the Minister of State for Trade and Industry’s (MTI) recent announcement in Parliament that inflation is expected to hit 4% by the end of this year,
The real median monthly income from work of residents in full-time employment only increased by 1.8% to $2,710 in 2010.
Part-timers’ real median monthly income increased significantly by 11% to $700 in 2010.
Since the definition of a part-timer was changed from 2009, from working 30 to 35 hours a week, this increase in income may be due to some extent to more people not being able to get work of more than 35 hours a week.
If someone works seven hours a day, for five days a week, would you consider this worker as a part-timer?
Also, how does one survive on just $700 gross income (which includes the employee’s CPF contribution) a month in Singapore?
In this connection, from 1999 to 2010, the median gross monthly income of part-timers increased by only 1.4% per annum, from $600 in 1999 to $700 in 2010 (not adjusted for inflation yet).
If we adjust for inflation, the
There were 400,100 residents who earned up to $1,200 and below per month from work, forming 21% of the workforce. This was slightly lower than 401,600 or 22% a year ago.
Why does the MOM keep using the same $1,200 benchmark, year after year, for the last 10 years, without adjusting for inflation.
After adjusting the $1,200 for inflation, I estimate the percentage of residents earning less than $1,200 to be over 25%.
In 2001, 25.1% earned less than $1,200. So, I believe more people today earn less than $1,200 (inflation-adjusted), compared to 9 years ago.
If we include the non-seasonally 4.1% or 84,400 unemployed as of June, and the 10,900 discouraged unemployed, I estimate that
Discouraged workers are persons outside of the labour force who were not looking for a job because they believed their job search would be in vain.
176,700 or 9.0% of employed residents in 2010 were part-timers, up from 156,200 or 8.4% in 2009. Around half or 49% of the part-timers in 2010 were willing and available to work additional hours (i.e. underemployed), down from 52% a year ago.
However, the number of underemployed residents rose from 80,500 or 4.3% of all employed residents to 86,600 or 4.4% over the year.
Once out of work, mature residents were more likely to stay unemployed for extended periods. Close to three in ten (28%) resident job seekers aged 40 & over had been looking for work for at least 25 weeks in June 2010, higher than two in ten (20%) for all job seekers.
Of all the categories of workers, Service & Sales workers had the highest unemployment rate of 5.5%. Even Cleaners, Labourers & Related workers had the third highest unemployment rate of 5.3%.
Aren’t these the jobs that we have been constantly told that Singaporeans don’t want? If so, then why is the unemployment rate so high for these workers?
Does this mean that even Cleaners and Labourers who lost their jobs, had difficulty getting re-employed in the same jobs?
To what extent has our liberal foreign worker policy contributed to this?
In my view, the above statistics clearly indicate that
Median” I have explained above. It is the figure that is the halfway mark: half the population would be below the figure and half above it.
“Mean” is what the layman calls the “average”. In the case of incomes, it is naturally weighted by the number of persons within the same income band.
Because the distribution of incomes in virtually all societies is skewed, with lots of low-income earners and few higher-income people, there’s always a gap between median and mean. Generally speaking, the more skewed the income distribution, the larger the gap.
Now, look back at Singapore’s figures for 2009 and 2010. Last year, the mean income (S$3,609) was 49.1 percent higher than median income (S$2,420). This year — 2010 — the mean income (S$3,819) is 52.8 percent higher than median income ($2,500). The gap is increasing. Again.
The real nominal median income for all employed residents rose by only 1.1% to $2,500 in 2010.
After two consecutive years of negative real income growth in 2009 (- 1.8%) and 2008, six years (2001 to 2006) whereby median income hardly moved, and just one year of significant rise in 2007, the bottom line is that real wage growth for the last 10 years or so,
is only about slightly over one per cent per annum.
With inflation running at 3.5% now, and the Minister of State for Trade and Industry’s (MTI) recent announcement in Parliament that inflation is expected to hit 4% by the end of this year,
it is likely that workers may see a third consecutive year of negative real wage growth.
The real median monthly income from work of residents in full-time employment only increased by 1.8% to $2,710 in 2010.
Part-timers’ real median monthly income increased significantly by 11% to $700 in 2010.
Since the definition of a part-timer was changed from 2009, from working 30 to 35 hours a week, this increase in income may be due to some extent to more people not being able to get work of more than 35 hours a week.
If someone works seven hours a day, for five days a week, would you consider this worker as a part-timer?
Also, how does one survive on just $700 gross income (which includes the employee’s CPF contribution) a month in Singapore?
In this connection, from 1999 to 2010, the median gross monthly income of part-timers increased by only 1.4% per annum, from $600 in 1999 to $700 in 2010 (not adjusted for inflation yet).
If we adjust for inflation, the
increase per annum is near to zero.
There were 400,100 residents who earned up to $1,200 and below per month from work, forming 21% of the workforce. This was slightly lower than 401,600 or 22% a year ago.
Why does the MOM keep using the same $1,200 benchmark, year after year, for the last 10 years, without adjusting for inflation.
After adjusting the $1,200 for inflation, I estimate the percentage of residents earning less than $1,200 to be over 25%.
In 2001, 25.1% earned less than $1,200. So, I believe more people today earn less than $1,200 (inflation-adjusted), compared to 9 years ago.
If we include the non-seasonally 4.1% or 84,400 unemployed as of June, and the 10,900 discouraged unemployed, I estimate that
over 30% of residents earn less than $1,200 (inflation-adjusted)or are unemployed.
Discouraged workers are persons outside of the labour force who were not looking for a job because they believed their job search would be in vain.
176,700 or 9.0% of employed residents in 2010 were part-timers, up from 156,200 or 8.4% in 2009. Around half or 49% of the part-timers in 2010 were willing and available to work additional hours (i.e. underemployed), down from 52% a year ago.
However, the number of underemployed residents rose from 80,500 or 4.3% of all employed residents to 86,600 or 4.4% over the year.
Once out of work, mature residents were more likely to stay unemployed for extended periods. Close to three in ten (28%) resident job seekers aged 40 & over had been looking for work for at least 25 weeks in June 2010, higher than two in ten (20%) for all job seekers.
Of all the categories of workers, Service & Sales workers had the highest unemployment rate of 5.5%. Even Cleaners, Labourers & Related workers had the third highest unemployment rate of 5.3%.
Aren’t these the jobs that we have been constantly told that Singaporeans don’t want? If so, then why is the unemployment rate so high for these workers?
Does this mean that even Cleaners and Labourers who lost their jobs, had difficulty getting re-employed in the same jobs?
To what extent has our liberal foreign worker policy contributed to this?
In my view, the above statistics clearly indicate that
many Singaporeans may not be better off over the last decade or so.
Median” I have explained above. It is the figure that is the halfway mark: half the population would be below the figure and half above it.
“Mean” is what the layman calls the “average”. In the case of incomes, it is naturally weighted by the number of persons within the same income band.
Because the distribution of incomes in virtually all societies is skewed, with lots of low-income earners and few higher-income people, there’s always a gap between median and mean. Generally speaking, the more skewed the income distribution, the larger the gap.
Now, look back at Singapore’s figures for 2009 and 2010. Last year, the mean income (S$3,609) was 49.1 percent higher than median income (S$2,420). This year — 2010 — the mean income (S$3,819) is 52.8 percent higher than median income ($2,500). The gap is increasing. Again.
Sunday, December 12, 2010
Top Singapore officials trash the neighbours
WikiLeaks releases files containing highly controversial comments made by S’pore diplomats (AFP file photo)
A fresh batch of diplomatic cables released by WikiLeaks containing comments allegedly made by high-ranking Singapore diplomats threatens to heighten tension in the region.
Among the explosive comments reportedly made by them:
– Malaysia is a “confused and dangerous state” due to “incompetent politicians”
– M’sian opposition leader Anwar Ibrahim did “indeed commit the (sodomy) acts he was indicted for”
– Thailand’s political elite is dogged by corruption and its crown prince is “erratic” and “easily subject to influence”
– Japan and India were struggling to deal with China’s influence due to their “stupid” behaviour
Singapore’s past and current Foreign Affairs senior diplomats Peter Ho, Bilahari Kausikan and Professor Tommy Koh were named in the confidential diplomatic cables, which were leaked to Australia’s The Sun-Herald and The Sunday Age by WikiLeaks.
Sun-Herald andThe Sunday Age:
MALAYSIA'S "dangerous" decline is fuelled by incompetent politicians, Thailand is dogged by corruption and a "very erratic" crown prince, Japan is a "big fat loser" and India is ''stupid''.
So say some of Singapore's highest ranking officials, according to leaked US State Department cables which are likely to spark intense political controversy in the region.
The cables, leaked exclusively to The Sun-Herald by WikiLeaks, detail separate meetings between senior US officials and Singapore's Foreign Affairs chiefs Peter Ho, Bilahari Kausikan and Tommy Koh.
The trio, who at the time of the 2008 and 2009 cables occupied some of the most senior positions in the foreign ministry, all give US officials damning assessments of Malaysia. According to one cable detailing a meeting in September 2008, Mr Kausikan told US Deputy Secretary of Defence for East Asia David Sedney there was a "distinct possibility of racial conflict" which could see ethnic Chinese "flee" Malaysia and "overwhelm" Singapore.
Mr Ho's assessment of Malaysia in March that year, given to another US official, is also unflattering and includes claims that former prime minister Mahathir Mohamad had been "throwing stones" at his replacement, Abdullah Badawi.
In his September meeting with Mr Sedney, Mr Kausikan savaged Thailand's political elite, labelling Thaksin Shinawatra as "corrupt" along with "everyone else, including the opposition". Mr Kausikan was also critical of Mr Thaksin's relationship with the Thai crown prince, saying he "made a mistake in pursuing a relationship with the crown prince by paying off the crown prince's gambling debts".
In a September 2009 meeting, Mr Koh savaged Japan and India, describing Japan as ''the big fat loser'' in the context of improving ties between China and ASEAN, a cable says, adding: "He was equally merciless towards India, describing his 'stupid Indian friends' as 'half in, half out' of ASEAN."
The cables documented remarks made by the three officials, who all gave damning assessments of Malaysia and the region during separate meetings in 2008 and 2009 with US officials.
Mr Ho and Mr Kausikan were both permanent secretaries at the MFA at the time, and the latter still holds that position. Mr Koh is the ministry’s ambassador-at-large.
One cable that deals with Malaysian opposition leader Mr Anwar’s sodomy case, dated November 2008, reveals that Singaporean intelligence officials told their Australian counterparts that Mr Anwar engaged in the conduct of which he is accused, a claim he has steadfastly denied.
It read: ”The Australians said that Singapore’s intelligence services and Lee Kuan Yew have told ONA (Australia’s Office of National Assessments) in their exchanges that opposition leader Anwar ’did indeed commit the acts for which he is currently indicted’.”
The document said the Singaporeans made this assessment on the basis of “technical intelligence”, a term likely to describe intercepted communications.
The ONA is also recorded as saying that Mr Anwar’s political enemies “engineered the circumstances from which the sodomy charges arose”.
“ONA assessed, and their Singapore counterparts concurred, ‘it was a set up job and he probably knew that, but walked into it anyway’,” the cable states.
Malaysian PM Najib Razak is labelled an "opportunist". (AP Photo)
Another cable at a meeting in September 2008 detailed Mr Kausikan telling US Deputy Secretary of Defence for East Asia, David Sedney, that there was a “distinct possibility of racial conflict” which could cause ethnic Chinese from Malaysia to “flee” and “overwhelm” Singapore.
“A lack of competent leadership is a real problem for Malaysia,” said Kausikan.
He added that ruling Malaysian Prime Minister Najib Razak needed to prevail politically in order to avoid prosecution in connection with the murder of Mongolian model Altantuya Shaariibuu.
“Najib has his neck on the line in connection with a high-profile murder case,” he said.
In a cable earlier the same year, Mr Ho reportedly described the Malaysian PM as ”an opportunist” who would ”not hesitate” to be critical of Singapore if it is “expedient for him to do so.”
Thailand's political elite is dogged by "corruption at all levels". (AP file photo)
Damning assessments of other nations’ politicians were also made.
In the same September 2008 meeting with Mr Sedney, Mr Kausikan condemned Thailand’s political elite, indicating that Thaksin Shinawatra is “corrupt” along with “everyone else, including the opposition”.
Mr Kausikan also criticised Mr Thaksin’s close relationship with the Thai crown prince, saying that he “made a mistake in pursuing a relationship with the crown prince by paying off the crown prince’s gambling debts”.
In a September 2009 memo, Mr Koh made damning comments about Japan and India, labelling Japan as “the big fat loser” with regards to improving ties between China and ASEAN, with another cable saying, “He was equally merciless towards India, describing his ‘stupid Indian friends’ as ‘half in, half out’ of ASEAN.”
Mr Koh is also recorded praising China’s ”investment and intelligent diplomacy in the region”.
He is reported to have said, “I don’t fear China. I don’t fear being assimilated by China” while he also hailed its decision to invest in Africa ”without lecturing them about human rights and democracy as the West does”.
A fresh batch of diplomatic cables released by WikiLeaks containing comments allegedly made by high-ranking Singapore diplomats threatens to heighten tension in the region.
Among the explosive comments reportedly made by them:
– Malaysia is a “confused and dangerous state” due to “incompetent politicians”
– M’sian opposition leader Anwar Ibrahim did “indeed commit the (sodomy) acts he was indicted for”
– Thailand’s political elite is dogged by corruption and its crown prince is “erratic” and “easily subject to influence”
– Japan and India were struggling to deal with China’s influence due to their “stupid” behaviour
Singapore’s past and current Foreign Affairs senior diplomats Peter Ho, Bilahari Kausikan and Professor Tommy Koh were named in the confidential diplomatic cables, which were leaked to Australia’s The Sun-Herald and The Sunday Age by WikiLeaks.
Sun-Herald andThe Sunday Age:
MALAYSIA'S "dangerous" decline is fuelled by incompetent politicians, Thailand is dogged by corruption and a "very erratic" crown prince, Japan is a "big fat loser" and India is ''stupid''.
So say some of Singapore's highest ranking officials, according to leaked US State Department cables which are likely to spark intense political controversy in the region.
The cables, leaked exclusively to The Sun-Herald by WikiLeaks, detail separate meetings between senior US officials and Singapore's Foreign Affairs chiefs Peter Ho, Bilahari Kausikan and Tommy Koh.
The trio, who at the time of the 2008 and 2009 cables occupied some of the most senior positions in the foreign ministry, all give US officials damning assessments of Malaysia. According to one cable detailing a meeting in September 2008, Mr Kausikan told US Deputy Secretary of Defence for East Asia David Sedney there was a "distinct possibility of racial conflict" which could see ethnic Chinese "flee" Malaysia and "overwhelm" Singapore.
Mr Ho's assessment of Malaysia in March that year, given to another US official, is also unflattering and includes claims that former prime minister Mahathir Mohamad had been "throwing stones" at his replacement, Abdullah Badawi.
In his September meeting with Mr Sedney, Mr Kausikan savaged Thailand's political elite, labelling Thaksin Shinawatra as "corrupt" along with "everyone else, including the opposition". Mr Kausikan was also critical of Mr Thaksin's relationship with the Thai crown prince, saying he "made a mistake in pursuing a relationship with the crown prince by paying off the crown prince's gambling debts".
In a September 2009 meeting, Mr Koh savaged Japan and India, describing Japan as ''the big fat loser'' in the context of improving ties between China and ASEAN, a cable says, adding: "He was equally merciless towards India, describing his 'stupid Indian friends' as 'half in, half out' of ASEAN."
The cables documented remarks made by the three officials, who all gave damning assessments of Malaysia and the region during separate meetings in 2008 and 2009 with US officials.
Mr Ho and Mr Kausikan were both permanent secretaries at the MFA at the time, and the latter still holds that position. Mr Koh is the ministry’s ambassador-at-large.
One cable that deals with Malaysian opposition leader Mr Anwar’s sodomy case, dated November 2008, reveals that Singaporean intelligence officials told their Australian counterparts that Mr Anwar engaged in the conduct of which he is accused, a claim he has steadfastly denied.
It read: ”The Australians said that Singapore’s intelligence services and Lee Kuan Yew have told ONA (Australia’s Office of National Assessments) in their exchanges that opposition leader Anwar ’did indeed commit the acts for which he is currently indicted’.”
The document said the Singaporeans made this assessment on the basis of “technical intelligence”, a term likely to describe intercepted communications.
The ONA is also recorded as saying that Mr Anwar’s political enemies “engineered the circumstances from which the sodomy charges arose”.
“ONA assessed, and their Singapore counterparts concurred, ‘it was a set up job and he probably knew that, but walked into it anyway’,” the cable states.
Malaysian PM Najib Razak is labelled an "opportunist". (AP Photo)
Another cable at a meeting in September 2008 detailed Mr Kausikan telling US Deputy Secretary of Defence for East Asia, David Sedney, that there was a “distinct possibility of racial conflict” which could cause ethnic Chinese from Malaysia to “flee” and “overwhelm” Singapore.
“A lack of competent leadership is a real problem for Malaysia,” said Kausikan.
He added that ruling Malaysian Prime Minister Najib Razak needed to prevail politically in order to avoid prosecution in connection with the murder of Mongolian model Altantuya Shaariibuu.
“Najib has his neck on the line in connection with a high-profile murder case,” he said.
In a cable earlier the same year, Mr Ho reportedly described the Malaysian PM as ”an opportunist” who would ”not hesitate” to be critical of Singapore if it is “expedient for him to do so.”
Thailand's political elite is dogged by "corruption at all levels". (AP file photo)
Damning assessments of other nations’ politicians were also made.
In the same September 2008 meeting with Mr Sedney, Mr Kausikan condemned Thailand’s political elite, indicating that Thaksin Shinawatra is “corrupt” along with “everyone else, including the opposition”.
Mr Kausikan also criticised Mr Thaksin’s close relationship with the Thai crown prince, saying that he “made a mistake in pursuing a relationship with the crown prince by paying off the crown prince’s gambling debts”.
In a September 2009 memo, Mr Koh made damning comments about Japan and India, labelling Japan as “the big fat loser” with regards to improving ties between China and ASEAN, with another cable saying, “He was equally merciless towards India, describing his ‘stupid Indian friends’ as ‘half in, half out’ of ASEAN.”
Mr Koh is also recorded praising China’s ”investment and intelligent diplomacy in the region”.
He is reported to have said, “I don’t fear China. I don’t fear being assimilated by China” while he also hailed its decision to invest in Africa ”without lecturing them about human rights and democracy as the West does”.
Friday, December 10, 2010
our labour ministar insist that we will be "uncompetitive" if we pay any more than what we are doing now.
I am the only local born Singaporean in my engineering department.
The rest are Bangalas, PRC Chinese, Burmese and Malaysian.
I came from a family of 10 siblings living in a 1 room flat at the demolished Blk 81 Redhill Lane with my dad taking home abt 200$ a month. We were poor.
Yes, I do care about the poor.
Local borns as well as poor Bangalas who paid $8k to come here. PRC Chinese who paid rmb 50k to come here.
I always ask myself how the European, American and Aussie construction workers can build all those buildings and are properly paid while our labour ministar insist that we will be "uncompetitive" if we pay any more than what we are doing now.
I personally think this is a big lie.
The fact is that we are shifting these wages from the workers to the bosses and landlords. Let's not begrudge the capital land bosses for drawing million dollars salaries and bonuses.
But let's give to the construction workers their rightful salaries. For this land belongs to local born Singaporeans, not just politicians and their appointed elites. Singapore for local born Singaporeans.
Foreign workers should be welcome to work and make a decent living here. But they should not be given new citizenships so easily. Just like I cannot get a Bangala citizenship easily in order to buy up the cheap land available there. DT
The rest are Bangalas, PRC Chinese, Burmese and Malaysian.
I came from a family of 10 siblings living in a 1 room flat at the demolished Blk 81 Redhill Lane with my dad taking home abt 200$ a month. We were poor.
Yes, I do care about the poor.
Local borns as well as poor Bangalas who paid $8k to come here. PRC Chinese who paid rmb 50k to come here.
I always ask myself how the European, American and Aussie construction workers can build all those buildings and are properly paid while our labour ministar insist that we will be "uncompetitive" if we pay any more than what we are doing now.
I personally think this is a big lie.
The fact is that we are shifting these wages from the workers to the bosses and landlords. Let's not begrudge the capital land bosses for drawing million dollars salaries and bonuses.
But let's give to the construction workers their rightful salaries. For this land belongs to local born Singaporeans, not just politicians and their appointed elites. Singapore for local born Singaporeans.
Foreign workers should be welcome to work and make a decent living here. But they should not be given new citizenships so easily. Just like I cannot get a Bangala citizenship easily in order to buy up the cheap land available there. DT
Saturday, December 04, 2010
Wednesday, December 01, 2010
wages increased by 4% 2010
it is noted the wages for singapore has risen by 4%.
the inflation rate for 2010 is 3%.
so, we have the real wage increased by just merely 1% for our strong growth of 15% GDP.
strong GDP growth did not necessary translate higher wages.
and our wages just barely cover all the cost with just 1%.
where did all the money goes to?
the inflation rate for 2010 is 3%.
so, we have the real wage increased by just merely 1% for our strong growth of 15% GDP.
strong GDP growth did not necessary translate higher wages.
and our wages just barely cover all the cost with just 1%.
where did all the money goes to?
Tuesday, November 30, 2010
falling in love
falling in love, yet again.
did not think of anything about it, and just follow the flow.
and found ourselves falling in love again.
yes, remembered the same old feelings again, the same aching pain.
so familiar, and yet so real.
alas.
recalled i have fallen out of love at the beginning of this new year.
it was the most painful moments in my life, and now i could laugh at those hurtful days which has come to past.
but when i was in those dreadful times, it was unbearable, and for the first time, i did not know what to do.
again, she offered me hope, warm and important of all: love.
i really cherish this beautiful moments which may not last forever.
alas.
i always informed her of my reasons of not being with her so as to reassure her.
not to keep her hanging in the air, wondering what has happened.
Saturday, November 27, 2010
Thursday, November 25, 2010
fresh start
after seeing the worst of the management in the company which i was working, i have decided to call it a day and begin my hunt for new position.
enough is enough.
of course, i do have the longing to the place i so used to, but have to remind myself that i could not tolerate anymore.
i have already decided and shall move on.
Good luck and best wishes to me.
it has good for the past few years and we had thought nothing of having a fresh start elsewhere.
it suddenly strung on mind, and it just could not get away.
Tuesday, November 16, 2010
Mikhail Khodorkovsky: Full Transcript of his Final Words
I can recall October 2003.
My last day as a free man. Several weeks after my arrest, I was informed that president Putin had decided: I was going to have to “slurp gruel” for 8 years. It was hard to believe that back then.
Seven years have gone by already since that day. Seven years – quite a long stretch of time, and all the more so - when you’ve spent it in jail. All of us have had time to reassess and rethink many things.
Judging by the prosecutors’ presentation: “give them 14 years” and “spit on previous court decisions”, over these years they have begun to fear me more, and to respect the law - even less.
The first time around, they at least went through the effort of first repealing the judicial acts that stood in their way. Now - they’ll just leave them be; especially since they would need to repeal not two, but more than 60 decisions.
I do not want to return to the legal side of the case at this time. Everybody who wanted to understand something – has long since understood everything. Nobody is seriously waiting for an admission of guilt from me. It is hardly likely that somebody today would believe me if I were to say that I really did steal all the oil produced by my company.
But neither does anybody believe that an acquittal in the YUKOS case is possible in a Moscow court.
Notwithstanding, I want to talk to you about hope. Hope – the main thing in life.
I remember the end of the ’80s of the last century. I was 25 then. Our country was living on hope of freedom, hope that we would be able to achieve happiness for ourselves and for our children.
We lived on this hope. In some ways, it did materialise, in others – it did not. The responsibility for why this hope was not realized all the way, and not for everybody, probably lies on our entire generation, myself included.
I remember too the end of the last decade and the beginning of the present, current one. By then I was 35. We were building the best oil company in Russia. We were putting up sports complexes and cultural centres, laying roads, and resurveying and developing dozens of new fields; we started development of the East Siberian reserves and were introducing new technologies. In short, - we were doing all those things that Rosneft, which has taken possession of Yukos, is so proud of today.
Thanks to a significant increase in oil production, including as the result of our successes, the country was able to take advantage of a favourable oil situation. We felt hope that the period of convulsions and unrest – was behind us at last, and that, in the conditions of stability that had been achieved with great effort and sacrifice, we would be able to peacefully build ourselves a new life, a great country.
Alas, this hope too has yet to be justified. Stability has come to look like stagnation. Society has stopped in its tracks. Although hope still lives. It lives on even here, in the Khamovnichesky courtroom, when I am already just this side of 50 years old.
With the coming of a new President (and more than two years have already passed since that time), hope appeared once again for many of my fellow citizens too. Hope that Russia would yet become 2
a modern country with a developed civil society. Free from the arbitrary behaviour of officials, free from corruption, free from unfairness and lawlessness.
It is clear that this can not happen all by itself, or in one day. But to pretend that we are developing, while in actuality, - we are merely standing in one place or sliding backwards, even if it is behind the cloak of noble conservatism, - is no longer possible. Impossible and simply dangerous for the country.
It is not possible to reconcile oneself with the notion that people who call themselves patriots so tenaciously resist any change that impacts their feeding trough or ability to get away with anything. It is enough to recall art. 108 of the Code of Criminal Procedure of the Russian Federation - arresting businessmen for filing of tax returns by bureaucrats. And yet it is precisely the sabotage of reforms that is depriving our country of prospects. This is not patriotism, but rather hypocrisy.
I am ashamed to see how certain persons - in the past, respected by me - are attempting to justify unchecked bureaucratic behaviour and lawlessness. They exchange their reputation for a life of ease, privileges and sops.
Luckily, not all are like that, and there are ever more of the other kind.
It makes me proud to know that even after 7 years of persecutions, not a single one of the thousands of YUKOS employees has agreed to become a false witness, to sell their soul and conscience.
Dozens of people have personally experienced threats, have been cut off from family, and have been thrown in jail. Some have been tortured. But, even after losing their health and years of their lives, people have still kept the thing they deemed to be most important, - human dignity.
Those who started this shameful case, - Biryukov, Karimov and others, - have contemptuously called us “entrepreneurs” [«kommersanty»], regarding us as low-lifes, capable of anything just to protect our prosperity and avoid prison.
The years have passed. So who are the low-lifes now? Who is it that have lied, tortured, and taken hostages, all for the sake of money and out of cowardice before their bosses?
And this they called “the sovereign’s business” [«gosudarevoye delo»]!
Shameful. I am ashamed for my country.
I think all of us understand perfectly well – the significance of our trial extends far beyond the scope of my fate and Platon’s, and even the fates of all those who have guiltlessly suffered in the course of the sweeping massacre of YUKOS, those I found myself unable to protect, but about whom I remember every day.
Let us ask ourselves: what must be going through the head of the entrepreneur, the high-level organiser of production, or simply any ordinary educated, creative person, looking today at our trial and knowing that its result is absolutely predictable?
The obvious conclusion a thinking person can make is chilling in its stark simplicity: the siloviki bureaucracy can do anything. There is no right of private property ownership. A person who collides with “the system” has no rights whatsoever.
Even though they are enshrined in the law, rights are not protected by the courts. Because the courts are either also afraid, or are themselves a part of “the system”. Should it come as a surprise to anyone then that thinking people do not aspire to self-realisation here, in Russia? 3
Who is going to modernise the economy? Prosecutors? Policemen? Chekists? We already tried such a modernization - it did not work. We were able to build a hydrogen bomb, and even a missile, but we still can not build – our own good, modern television, our own inexpensive, competitive, modern automobile, our own modern mobile phone and a whole pile of other modern goods as well.
But then we have learnt how to beautifully display others’ obsolete models produced in our country and an occasional creation of Russian inventors, which, if they ever do find a use, it will certainly be in some other country.
Whatever happened with last year’s presidential initiatives in the realm of industrial policy? Have they been buried? They offer the real chance to kick the oil addiction.
Why? Because what the country needs is not one Korolev, and not one Sakharov under the protective wing of the all-powerful Beria and his million-strong armed host, but hundreds of thousands of “korolevs” and “sakharovs”, under the protection of fair and comprehensible laws and independent courts, which will give these laws life, and not just a place on a dusty shelf, as they did in their day - with the Constitution of 1937.
Where are these “korolevs” and “sakharovs” today? Have they left the country? Are they preparing to leave? Have they once again gone off into internal emigration? Or taken cover amongst the grey bureaucrats in order not to fall under the steamroller of “the system”?
We can and must change this.
How is Moscow going to become the financial centre of Eurasia if our prosecutors, “just like” 20 and 50 years ago, are directly and unambiguously calling in a public trial for the desire to increase the production and market capitalisation of a private company - to be ruled a criminally mercenary objective, for which a person ought to be locked up for 14 years? Under one sentence a company that paid more tax than anyone else, except Gazprom, but still underpaid taxes; and with the second sentence it’s obvious that there’s nothing to tax since the taxable item was stolen.
A country that tolerates a situation where the siloviki bureaucracy holds tens and even hundreds of thousands of talented entrepreneurs, managers, and ordinary people in jail in its own interests, instead of and together with criminals, - this is a sick country.
A state that destroys its best companies, which are ready to become global champions; a country that holds its own citizens in contempt, trusting only the bureaucracy and the special services – is a sick state.
Hope – the main engine of big reforms and transformations, the guarantor of their success. If hope fades, if it comes to be supplanted by profound disillusionment, - who and what will be able to lead our Russia out of the new stagnation?
I will not be exaggerating if I say that millions of eyes throughout all of Russia and throughout the whole world are watching for the outcome of this trial.
They are watching with the hope that Russia will after all become a country of freedom and of the law, where the law will be above the bureaucratic official.
Where supporting opposition parties will cease being a cause for reprisals.
Where the special services will protect the people and the law, and not the bureaucracy from the people and the law.
Where human rights will no longer depend on the mood of the tsar. Good or evil. 4
W
I am not at all an ideal person, but I am - a person with an idea. For me, as for anybody, it is hard to live in jail, and I do not want to die there.
But if I have to - I will not hesitate. The things I believe in are worth dying for. I think I have proven this.
And you opponents? What do you believe in? That the bosses are always right? Do you believe in money? In the impunity of “the system”?
Your Honour!
There is much more than just the fates of two people in your hands. Right here and right now, the fate of every citizen of our country is being decided. Those who, on the streets of Moscow and Chita, Peter and Tomsk, and other cities and settlements, are not counting on becoming victims of police lawlessness, who have set up a business, built a house, achieved success and want to pass it on to their children, not to raiders in uniform, and finally, - those who want to honourably carry out their duty for a fair wage, not expecting that they can be fired at any moment by corrupt bosses under just about any pretext.
This is not about me and Platon – at any rate, not only about us. It is about hope for many citizens of Russia. About hope that tomorrow, the court will be able to protect their rights, if yet some other bureaucrats-officials get it into their head to brazenly and demonstratively violate these rights.
I know, there are people, I have named them in the trial, who want to keep us in jail. To keep us there forever! Indeed, they do not even conceal this, publicly reminding everyone about the existence of a “bottomless” case file.
They want to show: they – are above the law, they will always accomplish whatever they might “think up”. So far they have achieved the opposite: out of ordinary people they have created a symbol of the struggle with arbitrariness. But for them, a conviction is essential, so they would not become “scapegoats”.
I want to hope that the court will stand up to their psychological pressure. We all know through whom it will come.
I want an independent judiciary to become a reality and the norm in my country, I want the phrase from the Soviet times about “the most just court in the world” to stop sounding just as ironic today as they did back then. I want us not to leave the dangerous symbols of a totalitarian system as an inheritance for our children and grandchildren.
Everybody understands that your verdict in this case - whatever it will be – is going to become part of the history of Russia. Furthermore, it is going to form it for the future generation. All the names - those of the prosecutors, and of the judges - will remain in history, just like they have remained in history after the infamous Soviet trials.
Your Honour, I can imagine perfectly well that this must not be very easy at all for you - perhaps even frightening – and I wish you
My last day as a free man. Several weeks after my arrest, I was informed that president Putin had decided: I was going to have to “slurp gruel” for 8 years. It was hard to believe that back then.
Seven years have gone by already since that day. Seven years – quite a long stretch of time, and all the more so - when you’ve spent it in jail. All of us have had time to reassess and rethink many things.
Judging by the prosecutors’ presentation: “give them 14 years” and “spit on previous court decisions”, over these years they have begun to fear me more, and to respect the law - even less.
The first time around, they at least went through the effort of first repealing the judicial acts that stood in their way. Now - they’ll just leave them be; especially since they would need to repeal not two, but more than 60 decisions.
I do not want to return to the legal side of the case at this time. Everybody who wanted to understand something – has long since understood everything. Nobody is seriously waiting for an admission of guilt from me. It is hardly likely that somebody today would believe me if I were to say that I really did steal all the oil produced by my company.
But neither does anybody believe that an acquittal in the YUKOS case is possible in a Moscow court.
Notwithstanding, I want to talk to you about hope. Hope – the main thing in life.
I remember the end of the ’80s of the last century. I was 25 then. Our country was living on hope of freedom, hope that we would be able to achieve happiness for ourselves and for our children.
We lived on this hope. In some ways, it did materialise, in others – it did not. The responsibility for why this hope was not realized all the way, and not for everybody, probably lies on our entire generation, myself included.
I remember too the end of the last decade and the beginning of the present, current one. By then I was 35. We were building the best oil company in Russia. We were putting up sports complexes and cultural centres, laying roads, and resurveying and developing dozens of new fields; we started development of the East Siberian reserves and were introducing new technologies. In short, - we were doing all those things that Rosneft, which has taken possession of Yukos, is so proud of today.
Thanks to a significant increase in oil production, including as the result of our successes, the country was able to take advantage of a favourable oil situation. We felt hope that the period of convulsions and unrest – was behind us at last, and that, in the conditions of stability that had been achieved with great effort and sacrifice, we would be able to peacefully build ourselves a new life, a great country.
Alas, this hope too has yet to be justified. Stability has come to look like stagnation. Society has stopped in its tracks. Although hope still lives. It lives on even here, in the Khamovnichesky courtroom, when I am already just this side of 50 years old.
With the coming of a new President (and more than two years have already passed since that time), hope appeared once again for many of my fellow citizens too. Hope that Russia would yet become 2
a modern country with a developed civil society. Free from the arbitrary behaviour of officials, free from corruption, free from unfairness and lawlessness.
It is clear that this can not happen all by itself, or in one day. But to pretend that we are developing, while in actuality, - we are merely standing in one place or sliding backwards, even if it is behind the cloak of noble conservatism, - is no longer possible. Impossible and simply dangerous for the country.
It is not possible to reconcile oneself with the notion that people who call themselves patriots so tenaciously resist any change that impacts their feeding trough or ability to get away with anything. It is enough to recall art. 108 of the Code of Criminal Procedure of the Russian Federation - arresting businessmen for filing of tax returns by bureaucrats. And yet it is precisely the sabotage of reforms that is depriving our country of prospects. This is not patriotism, but rather hypocrisy.
I am ashamed to see how certain persons - in the past, respected by me - are attempting to justify unchecked bureaucratic behaviour and lawlessness. They exchange their reputation for a life of ease, privileges and sops.
Luckily, not all are like that, and there are ever more of the other kind.
It makes me proud to know that even after 7 years of persecutions, not a single one of the thousands of YUKOS employees has agreed to become a false witness, to sell their soul and conscience.
Dozens of people have personally experienced threats, have been cut off from family, and have been thrown in jail. Some have been tortured. But, even after losing their health and years of their lives, people have still kept the thing they deemed to be most important, - human dignity.
Those who started this shameful case, - Biryukov, Karimov and others, - have contemptuously called us “entrepreneurs” [«kommersanty»], regarding us as low-lifes, capable of anything just to protect our prosperity and avoid prison.
The years have passed. So who are the low-lifes now? Who is it that have lied, tortured, and taken hostages, all for the sake of money and out of cowardice before their bosses?
And this they called “the sovereign’s business” [«gosudarevoye delo»]!
Shameful. I am ashamed for my country.
I think all of us understand perfectly well – the significance of our trial extends far beyond the scope of my fate and Platon’s, and even the fates of all those who have guiltlessly suffered in the course of the sweeping massacre of YUKOS, those I found myself unable to protect, but about whom I remember every day.
Let us ask ourselves: what must be going through the head of the entrepreneur, the high-level organiser of production, or simply any ordinary educated, creative person, looking today at our trial and knowing that its result is absolutely predictable?
The obvious conclusion a thinking person can make is chilling in its stark simplicity: the siloviki bureaucracy can do anything. There is no right of private property ownership. A person who collides with “the system” has no rights whatsoever.
Even though they are enshrined in the law, rights are not protected by the courts. Because the courts are either also afraid, or are themselves a part of “the system”. Should it come as a surprise to anyone then that thinking people do not aspire to self-realisation here, in Russia? 3
Who is going to modernise the economy? Prosecutors? Policemen? Chekists? We already tried such a modernization - it did not work. We were able to build a hydrogen bomb, and even a missile, but we still can not build – our own good, modern television, our own inexpensive, competitive, modern automobile, our own modern mobile phone and a whole pile of other modern goods as well.
But then we have learnt how to beautifully display others’ obsolete models produced in our country and an occasional creation of Russian inventors, which, if they ever do find a use, it will certainly be in some other country.
Whatever happened with last year’s presidential initiatives in the realm of industrial policy? Have they been buried? They offer the real chance to kick the oil addiction.
Why? Because what the country needs is not one Korolev, and not one Sakharov under the protective wing of the all-powerful Beria and his million-strong armed host, but hundreds of thousands of “korolevs” and “sakharovs”, under the protection of fair and comprehensible laws and independent courts, which will give these laws life, and not just a place on a dusty shelf, as they did in their day - with the Constitution of 1937.
Where are these “korolevs” and “sakharovs” today? Have they left the country? Are they preparing to leave? Have they once again gone off into internal emigration? Or taken cover amongst the grey bureaucrats in order not to fall under the steamroller of “the system”?
We can and must change this.
How is Moscow going to become the financial centre of Eurasia if our prosecutors, “just like” 20 and 50 years ago, are directly and unambiguously calling in a public trial for the desire to increase the production and market capitalisation of a private company - to be ruled a criminally mercenary objective, for which a person ought to be locked up for 14 years? Under one sentence a company that paid more tax than anyone else, except Gazprom, but still underpaid taxes; and with the second sentence it’s obvious that there’s nothing to tax since the taxable item was stolen.
A country that tolerates a situation where the siloviki bureaucracy holds tens and even hundreds of thousands of talented entrepreneurs, managers, and ordinary people in jail in its own interests, instead of and together with criminals, - this is a sick country.
A state that destroys its best companies, which are ready to become global champions; a country that holds its own citizens in contempt, trusting only the bureaucracy and the special services – is a sick state.
Hope – the main engine of big reforms and transformations, the guarantor of their success. If hope fades, if it comes to be supplanted by profound disillusionment, - who and what will be able to lead our Russia out of the new stagnation?
I will not be exaggerating if I say that millions of eyes throughout all of Russia and throughout the whole world are watching for the outcome of this trial.
They are watching with the hope that Russia will after all become a country of freedom and of the law, where the law will be above the bureaucratic official.
Where supporting opposition parties will cease being a cause for reprisals.
Where the special services will protect the people and the law, and not the bureaucracy from the people and the law.
Where human rights will no longer depend on the mood of the tsar. Good or evil. 4
W
here, on the contrary, the power will truly be dependent on the citizens, and the court – only on law and God. Call this conscience - if you prefer.
I believe, this - is how it will be.
I am not at all an ideal person, but I am - a person with an idea. For me, as for anybody, it is hard to live in jail, and I do not want to die there.
But if I have to - I will not hesitate. The things I believe in are worth dying for. I think I have proven this.
And you opponents? What do you believe in? That the bosses are always right? Do you believe in money? In the impunity of “the system”?
Your Honour!
There is much more than just the fates of two people in your hands. Right here and right now, the fate of every citizen of our country is being decided. Those who, on the streets of Moscow and Chita, Peter and Tomsk, and other cities and settlements, are not counting on becoming victims of police lawlessness, who have set up a business, built a house, achieved success and want to pass it on to their children, not to raiders in uniform, and finally, - those who want to honourably carry out their duty for a fair wage, not expecting that they can be fired at any moment by corrupt bosses under just about any pretext.
This is not about me and Platon – at any rate, not only about us. It is about hope for many citizens of Russia. About hope that tomorrow, the court will be able to protect their rights, if yet some other bureaucrats-officials get it into their head to brazenly and demonstratively violate these rights.
I know, there are people, I have named them in the trial, who want to keep us in jail. To keep us there forever! Indeed, they do not even conceal this, publicly reminding everyone about the existence of a “bottomless” case file.
They want to show: they – are above the law, they will always accomplish whatever they might “think up”. So far they have achieved the opposite: out of ordinary people they have created a symbol of the struggle with arbitrariness. But for them, a conviction is essential, so they would not become “scapegoats”.
I want to hope that the court will stand up to their psychological pressure. We all know through whom it will come.
I want an independent judiciary to become a reality and the norm in my country, I want the phrase from the Soviet times about “the most just court in the world” to stop sounding just as ironic today as they did back then. I want us not to leave the dangerous symbols of a totalitarian system as an inheritance for our children and grandchildren.
Everybody understands that your verdict in this case - whatever it will be – is going to become part of the history of Russia. Furthermore, it is going to form it for the future generation. All the names - those of the prosecutors, and of the judges - will remain in history, just like they have remained in history after the infamous Soviet trials.
Your Honour, I can imagine perfectly well that this must not be very easy at all for you - perhaps even frightening – and I wish you
credit card
We have spent S$1200 for ebay purchase and luckily brother had stopped us, else the amount will be higher.
The temptation was great and we have fortunately that we did not have dredit card.
Just like gambling, it was an addiction.
Just imagine we have been saving, and in such short time, we have chalked up to S$1200
Saturday, November 13, 2010
space
it has been sometime that i wrote.
well, during this period of time, many things have happened and we really surprised by the change of events.
of course, i have made a decision and sometime i also changed my minds too often as i knew it will a chance went past and will never come back.
but i could not do that.
well, during this period of time, many things have happened and we really surprised by the change of events.
of course, i have made a decision and sometime i also changed my minds too often as i knew it will a chance went past and will never come back.
but i could not do that.
Wednesday, November 03, 2010
top ten criteria to help you decide whether a property
the top ten criteria to help you decide whether a property would be a good investment or not.
1. Location
It’s important to reiterate how important this is. The location will determine a property’s price, risk and returns. An average property, for example a three bedroom HDB, in Holland Village, can expect to fetch more on the resale market than a two-floor mansionette that’s twice the size in Jurong West.
2. Developer’s philosophy and standards
Does the developer have a track record of producing quality products? If it’s a new project, do your homework and tour previous developments built by them. Don’t be overawed by a big name. A travel writer acquaintance of mine stayed in a new five-star villa resort in Bali recently, and reported that, while beautiful, the unit’s fittings were substandard with tiles falling off the bath and sockets loose in the wall.
3. Management
What level of oversight will be provided by the management of the development? If you’re staying in the property as an owner-occupier, this is less critical, but as a landlord, especially in absentia, it’s vital.
4. Future prospects
For property as an investment, the bottom line is how much income it can generate for you. Again, research the market, getting different opinions on what the capital appreciation and rental returns will be for this property.
5. Practicality / Design / Layout / Usability / Desirability
Who is this property going to appeal to? I looked at the Urban Lofts project, located on Rangoon Road next to Farrer Park MRT. While its location is fantastic and the lower floor flats had their own hot tubs, the extremely limited floor space would make it unsuitable for any but childless couples and singles. Always consider who would live here before you purchase?
6. Comparative prices for comparable product
If you can, try and see how similar properties in the area have done in the past in terms of price per square foot and capital appreciation in order to compare and work out whether the property is an attractive investment opportunity.
7. Connectivity / Convenience
We have written before on the importance of a condominium’s proximity to schools, work places, and shopping and leisure facilities – but transport links are often the biggest drivers of value. Research has shown that condos near MRT stations often gain the most capital appreciation in Singapore.
An MRT train pulls into the station. (Photograph: Singapore Tourism Board)
8. Security
Less of an issue in Singapore, where crime rates are amongst the lowest in the world, in Malaysia and Indonesia – while crime levels are perhaps overstated by the media – the range of a development’s security options – gated communities, 24-hour guards, first-response alarms, etc – are an important factor.
9. Facilities
A property’s facilities do add value to a unit – a landed property with a pool, for example, can add around 8% to the value of the property – while many condo facilities now include gyms, spa facilities and games rooms.
10. Rentability
A rented property can produce a greater passive income than simply investing it in a bank but you need to ensure that is attractive to renters.
1. Location
It’s important to reiterate how important this is. The location will determine a property’s price, risk and returns. An average property, for example a three bedroom HDB, in Holland Village, can expect to fetch more on the resale market than a two-floor mansionette that’s twice the size in Jurong West.
2. Developer’s philosophy and standards
Does the developer have a track record of producing quality products? If it’s a new project, do your homework and tour previous developments built by them. Don’t be overawed by a big name. A travel writer acquaintance of mine stayed in a new five-star villa resort in Bali recently, and reported that, while beautiful, the unit’s fittings were substandard with tiles falling off the bath and sockets loose in the wall.
3. Management
What level of oversight will be provided by the management of the development? If you’re staying in the property as an owner-occupier, this is less critical, but as a landlord, especially in absentia, it’s vital.
4. Future prospects
For property as an investment, the bottom line is how much income it can generate for you. Again, research the market, getting different opinions on what the capital appreciation and rental returns will be for this property.
5. Practicality / Design / Layout / Usability / Desirability
Who is this property going to appeal to? I looked at the Urban Lofts project, located on Rangoon Road next to Farrer Park MRT. While its location is fantastic and the lower floor flats had their own hot tubs, the extremely limited floor space would make it unsuitable for any but childless couples and singles. Always consider who would live here before you purchase?
6. Comparative prices for comparable product
If you can, try and see how similar properties in the area have done in the past in terms of price per square foot and capital appreciation in order to compare and work out whether the property is an attractive investment opportunity.
7. Connectivity / Convenience
We have written before on the importance of a condominium’s proximity to schools, work places, and shopping and leisure facilities – but transport links are often the biggest drivers of value. Research has shown that condos near MRT stations often gain the most capital appreciation in Singapore.
An MRT train pulls into the station. (Photograph: Singapore Tourism Board)
8. Security
Less of an issue in Singapore, where crime rates are amongst the lowest in the world, in Malaysia and Indonesia – while crime levels are perhaps overstated by the media – the range of a development’s security options – gated communities, 24-hour guards, first-response alarms, etc – are an important factor.
9. Facilities
A property’s facilities do add value to a unit – a landed property with a pool, for example, can add around 8% to the value of the property – while many condo facilities now include gyms, spa facilities and games rooms.
10. Rentability
A rented property can produce a greater passive income than simply investing it in a bank but you need to ensure that is attractive to renters.
Tuesday, November 02, 2010
the foreign talent: young people no longer felt a sense of ownership in Singapore.
This is not my country, anymore.
thanks to the foreign talent policy
“When I was younger, I was very proud of being a Singaporean,” said Lim as reported in The Straits Times.
“But that was about five, ten years ago. Five years later, with all the changes in policies and the influx of foreign talent, I really don’t know what I’m defending any more.”
He said this was a view that many of the men he served with during National Service also held.
he went on:
“I feel that there is a dilution of the Singapore spirit in youth… We don’t really feel comfortable in our country any more,” he said.
Mr Goh replied, “‘This is one early sign of danger… If this is happening, it is very serious.” He went on to ask Mr Lim why he felt disconnected.
Mr Lim told SM Goh, ”‘I’m still serving as an officer and I definitely would love to defend Singapore.”
But he said the key difference between him and his foreign friends was, “I tell them, this is my country. I can’t just leave here whenever I want to. You can come and play and work here, but I have to stay here.”
Monday, October 18, 2010
why you should buy a property now
With house prices on the rise, despite the new cooling measures, is now really the right time to buy a property? Award-winning property agent Kelvin Fong thinks so. Here are his five reasons why buying a property today could be the best decision you ever make.
1. Low interest rates
People with money to invest can use the current low interest rates – which are as low as 0.88% at present – to leverage a passive income from their purchased property. In fact, the returns from a property can be more than what a bank’s fixed deposit account can offer.
2. Property is an appreciating asset (eventually)
Barring any dramatic economic upheavals, property prices will likely stabilise or slowly, but progressively, increase from now till 2011. Most sellers will not want to sell at a lower price today, and will not suffer when paying a relatively high mortgage due to low borrowing costs. The 30% down payment rule will actually act as an incentive because purchasers, having come up with this capital, will not want to sell.
Provided you do not sell your property during the downturn – as you will almost inevitably lose money on it – the value should increase. The key is that the buyer must have holding power when the market deteriorates and should not buy until they have the holding power to weather any market conditions. Prices will eventually rise again – as witnessed in 2008, when prices were down but did eventually rise to and, in some cases surpass, the 2007 peak.
3. Assets beat playing the market
Many people will choose to purchase an asset like property because the market liquidity – essentially the asset’s cash value – is still strong and, due to the last financial crisis in 2008, people felt safer putting the money in asset rather than financial instruments. The asset will always be there, and even when market conditions are not as good, as long as you do not sell it, you will not lose money.
4. Market conditions don’t matter
Buyers who are looking at property as a long-term investment will be less concerned about the market’s movement up or down.. Property will – nearly always – appreciate in the long term in Singapore due to the scarcity of land and available real estate. While having a diverse portfolio is preferred, as a long-term investment, property is generally going to make more money than other comparable instruments. Investing in bonds, for example, is a safe investment instrument, but capital appreciation is weak.
Property is not the ideal market for speculators though – not only has the government introduced measures to discourage property speculation – but you will be much more at risk of market fluctuations.
5. Property keeps on giving
Buying public housing in today’s market is not cheap, with HDB’s executive condominiums going at around $600 – 700psf, close to mass market private property prices. A HUDC unit has already reached the $1 million mark, and the trend looks set to continue. Parents may see buying an asset, not only as a hedge against inflation, but also as an eventual inheritance to their children. If house prices continue to rise – and with the cost of construction materials inevitably going to rise too – there is the fear that the younger generation could be priced out.
1. Low interest rates
People with money to invest can use the current low interest rates – which are as low as 0.88% at present – to leverage a passive income from their purchased property. In fact, the returns from a property can be more than what a bank’s fixed deposit account can offer.
2. Property is an appreciating asset (eventually)
Barring any dramatic economic upheavals, property prices will likely stabilise or slowly, but progressively, increase from now till 2011. Most sellers will not want to sell at a lower price today, and will not suffer when paying a relatively high mortgage due to low borrowing costs. The 30% down payment rule will actually act as an incentive because purchasers, having come up with this capital, will not want to sell.
Provided you do not sell your property during the downturn – as you will almost inevitably lose money on it – the value should increase. The key is that the buyer must have holding power when the market deteriorates and should not buy until they have the holding power to weather any market conditions. Prices will eventually rise again – as witnessed in 2008, when prices were down but did eventually rise to and, in some cases surpass, the 2007 peak.
3. Assets beat playing the market
Many people will choose to purchase an asset like property because the market liquidity – essentially the asset’s cash value – is still strong and, due to the last financial crisis in 2008, people felt safer putting the money in asset rather than financial instruments. The asset will always be there, and even when market conditions are not as good, as long as you do not sell it, you will not lose money.
4. Market conditions don’t matter
Buyers who are looking at property as a long-term investment will be less concerned about the market’s movement up or down.. Property will – nearly always – appreciate in the long term in Singapore due to the scarcity of land and available real estate. While having a diverse portfolio is preferred, as a long-term investment, property is generally going to make more money than other comparable instruments. Investing in bonds, for example, is a safe investment instrument, but capital appreciation is weak.
Property is not the ideal market for speculators though – not only has the government introduced measures to discourage property speculation – but you will be much more at risk of market fluctuations.
5. Property keeps on giving
Buying public housing in today’s market is not cheap, with HDB’s executive condominiums going at around $600 – 700psf, close to mass market private property prices. A HUDC unit has already reached the $1 million mark, and the trend looks set to continue. Parents may see buying an asset, not only as a hedge against inflation, but also as an eventual inheritance to their children. If house prices continue to rise – and with the cost of construction materials inevitably going to rise too – there is the fear that the younger generation could be priced out.
Friday, October 15, 2010
basic communciation course
In basic communciation course, you are taught how to communicate appropriately depending on who is the audience and what is the occasion.
So the PAP manifesto in the 2006 election is all about the above. Nothing wrong with that.
Also if I say "...am concerned about.." and "...worry for..", it may mean just that. It doesn't mean I will do something to resolve the concern or worry. But it shows I empathise, which can sometimes make the target audience feel good and connected.
That's what good communication is all about, not just in politics but also daily interaction.
Get this right and let nature take its course.
So the PAP manifesto in the 2006 election is all about the above. Nothing wrong with that.
Also if I say "...am concerned about.." and "...worry for..", it may mean just that. It doesn't mean I will do something to resolve the concern or worry. But it shows I empathise, which can sometimes make the target audience feel good and connected.
That's what good communication is all about, not just in politics but also daily interaction.
Get this right and let nature take its course.
Saturday, October 09, 2010
A surge in immigrants: Indians
OVER the past decade, more Chinese mainlanders flocked into Singapore as permanent residents than any other nationals, right?
Wrong – and by a long shot!
Contrary to widespread perception, the Chinese are not on top of the list.
In fact, they totalled only 13,000 – or 3.88% – of the estimated quarter of a million new permanent residents (PRs) who arrived since 2000.
This was a lot fewer than PRs from Malaysia (81,000) and India (68,300), according to official figures just released.
These statistics appear to have put paid to a widespread notion that Singapore is being flooded by Chinese immigrants.
The figures do not include the estimated 1.3 million non-resident foreigners on short-term work permits or professional visit passes. If they do, the Chinese would probably outnumber others.
Another caveat is that the figures were for a 10-year period and might or might not reflect trends of more recent years. The Chinese bulk started coming in 2005.
“This whole idea that we are being overwhelmed by mainland Chinese has no basis,” said Associate Professor Eugene Tan of Singapore Management University.
“The numbers should tell us that many from China are here only as foreign workers,” he told the local press.
The government has been careful not to let the foreign intake upset Singapore’s ethnic balance, especially against the minorities.
While a large army of Chinese arrived to work here, the authorities were apparently keeping a lid on their numbers when granting them immigration rights.
This was borne out by the latest ethnic breakdown, which showed Singapore’s ethnic Chinese population proportionately in decline – 77.8% in 1990 to 76.8% in 2000 and 74.3% currently.
So is the ratio for Malays, which fell slightly from 14% to 13.4% over 20 years, while ethnic Indians rose from 7.1% in 1990 to 9.2%.
Maintaining the ethnic balance has long been a national tenet virtually carved in stone.
Prime Minister Lee Hsien Loong has reassured Singaporeans, especially the minorities that new immigrants would not be allowed to upset the current mix of races.
The city would remain open to immigrants of all ethnic groups, so long as they can contribute to the national economy, he added.
Despite this, maintaining the balance may likely become tougher – even impossible – in the face of Singapore’s huge appetite for skilled immigrants.
However, he admitted to the difficulty of attracting more Malays or pribumi talent from South-East Asia. Malays make up only 3% of PRs.
A senior leader said Singapore would not actively head out to woo ethnic Malay immigrants from the region, relying instead on scholarships and job opportunities.
“What we cannot do is go overseas and target specific ethnic groups to come to Singapore,” said Deputy Prime Minister Wong Kan Seng.
The increase in Indian arrivals has been visible in everyday life but the margin has caught many Singaporeans by surprise.
Indians today make up a quarter of the 1.79 million foreigners in Singapore that include PRs and foreign workers.
The number of new arrivals doubled from 200,000 to 400,000 in the past two years, according to the Indian High Commission. In 2007, some 10,000 professionals arrived in the one year alone.
Once felt mainly in Little India, the Indian presence is today visibly established in Shenton Way, Suntek City and the central parts of the city.
The new arrivals are almost everywhere – in trains, shopping malls and hawker centres.
The wealthy Indians bought new homes along East Coast Road or set up businesses here.
The professionals are mostly in engineering, finance and computers, some of them moving into grassroots politics to serve the ruling People’s Action Party.
I stopped by at VivoCity Kopitiam food court during lunch hour last week and caught a glimpse of Singapore’s new trend.
By local size, it is a rather large place. As much as a quarter of the crowd were Indian professionals, many of whom could be seen queuing up for northern Indian food.
They then sat down to eat among themselves, few mixing with locals.
Like the Chinese and others, the Indian settlers have stirred resentment among a large segment of Singaporeans who regard them as usurpers of jobs and other opportunities.
Others, however, say their presence is helping to create a buzz and improve competitiveness. It is changing lives.
“Recently I put an advert to rent out my father’s flat and all the callers have been from India,” said a Singaporean. “No other nationalities have called so far.”
Other comments include:
* “Some Indians now want to go to Tao Nan primary school (an elite school strong in Chinese language). There are really a lot of Indians now.”
* “I overheard one Indian saying Singapore is an outpost of India, and only fours hours away by plane.”
* “As a Singaporean Indian, I feel insulted when some of my classmates asked me if I was from India. The record shows my ancestors first came here in the 1800s.”
A few are speculating why the government is controlling the granting of PR status to Chinese while allowing them to come in large numbers to work.
One writer said: “Minister Mentor Lee Kuan Yew is concerned that Singapore will become a satellite city of China.
“I think the huge increase in the number of Indian PRs and new citizens is deliberate filtering by the government.
Wrong – and by a long shot!
Contrary to widespread perception, the Chinese are not on top of the list.
In fact, they totalled only 13,000 – or 3.88% – of the estimated quarter of a million new permanent residents (PRs) who arrived since 2000.
This was a lot fewer than PRs from Malaysia (81,000) and India (68,300), according to official figures just released.
These statistics appear to have put paid to a widespread notion that Singapore is being flooded by Chinese immigrants.
The figures do not include the estimated 1.3 million non-resident foreigners on short-term work permits or professional visit passes. If they do, the Chinese would probably outnumber others.
Another caveat is that the figures were for a 10-year period and might or might not reflect trends of more recent years. The Chinese bulk started coming in 2005.
“This whole idea that we are being overwhelmed by mainland Chinese has no basis,” said Associate Professor Eugene Tan of Singapore Management University.
“The numbers should tell us that many from China are here only as foreign workers,” he told the local press.
The government has been careful not to let the foreign intake upset Singapore’s ethnic balance, especially against the minorities.
While a large army of Chinese arrived to work here, the authorities were apparently keeping a lid on their numbers when granting them immigration rights.
This was borne out by the latest ethnic breakdown, which showed Singapore’s ethnic Chinese population proportionately in decline – 77.8% in 1990 to 76.8% in 2000 and 74.3% currently.
So is the ratio for Malays, which fell slightly from 14% to 13.4% over 20 years, while ethnic Indians rose from 7.1% in 1990 to 9.2%.
Maintaining the ethnic balance has long been a national tenet virtually carved in stone.
Prime Minister Lee Hsien Loong has reassured Singaporeans, especially the minorities that new immigrants would not be allowed to upset the current mix of races.
The city would remain open to immigrants of all ethnic groups, so long as they can contribute to the national economy, he added.
Despite this, maintaining the balance may likely become tougher – even impossible – in the face of Singapore’s huge appetite for skilled immigrants.
However, he admitted to the difficulty of attracting more Malays or pribumi talent from South-East Asia. Malays make up only 3% of PRs.
A senior leader said Singapore would not actively head out to woo ethnic Malay immigrants from the region, relying instead on scholarships and job opportunities.
“What we cannot do is go overseas and target specific ethnic groups to come to Singapore,” said Deputy Prime Minister Wong Kan Seng.
The increase in Indian arrivals has been visible in everyday life but the margin has caught many Singaporeans by surprise.
Indians today make up a quarter of the 1.79 million foreigners in Singapore that include PRs and foreign workers.
The number of new arrivals doubled from 200,000 to 400,000 in the past two years, according to the Indian High Commission. In 2007, some 10,000 professionals arrived in the one year alone.
Once felt mainly in Little India, the Indian presence is today visibly established in Shenton Way, Suntek City and the central parts of the city.
The new arrivals are almost everywhere – in trains, shopping malls and hawker centres.
The wealthy Indians bought new homes along East Coast Road or set up businesses here.
The professionals are mostly in engineering, finance and computers, some of them moving into grassroots politics to serve the ruling People’s Action Party.
I stopped by at VivoCity Kopitiam food court during lunch hour last week and caught a glimpse of Singapore’s new trend.
By local size, it is a rather large place. As much as a quarter of the crowd were Indian professionals, many of whom could be seen queuing up for northern Indian food.
They then sat down to eat among themselves, few mixing with locals.
Like the Chinese and others, the Indian settlers have stirred resentment among a large segment of Singaporeans who regard them as usurpers of jobs and other opportunities.
Others, however, say their presence is helping to create a buzz and improve competitiveness. It is changing lives.
“Recently I put an advert to rent out my father’s flat and all the callers have been from India,” said a Singaporean. “No other nationalities have called so far.”
Other comments include:
* “Some Indians now want to go to Tao Nan primary school (an elite school strong in Chinese language). There are really a lot of Indians now.”
* “I overheard one Indian saying Singapore is an outpost of India, and only fours hours away by plane.”
* “As a Singaporean Indian, I feel insulted when some of my classmates asked me if I was from India. The record shows my ancestors first came here in the 1800s.”
A few are speculating why the government is controlling the granting of PR status to Chinese while allowing them to come in large numbers to work.
One writer said: “Minister Mentor Lee Kuan Yew is concerned that Singapore will become a satellite city of China.
“I think the huge increase in the number of Indian PRs and new citizens is deliberate filtering by the government.
how do they survive?
I just gave a talk to my son on how not to be in debt when he starts work in a few years time after university.
I told him that when I graduated, after 3 years, I was able to save 40k enough to buy a 5 rooms HDB flat. But for him, after 3 years, he may be able to save around max 150k if he live in with me and I pay for everything and he can pay 1/3 of a 5 room hdb flat if he buys direct from hdb!
Frankly, I just do not know how they can survive as I told him that I really do not want him to be in debt to the extent that life is like being put on a pedestal like a rat running to turn the wheel till it drops dead.
And we are talking about the life of a young professional starting life with full support and not incurring debt either in uni study and the first few years of working life. I do not know how people who would earn less, how do they survive?
I read from the papers that someone planning to buy the govt condo meant for income of 8 to 10k commenting that $750 per sq ft is cheap maening getting a 1,000 sq ft 2 bedroom apartment for 750K is cheap? How on earth can the couple pays for the unit paying probably 150k down payment and taking a debt of 600k likely to be paid over 30 years!This is insane.
I told him that when I graduated, after 3 years, I was able to save 40k enough to buy a 5 rooms HDB flat. But for him, after 3 years, he may be able to save around max 150k if he live in with me and I pay for everything and he can pay 1/3 of a 5 room hdb flat if he buys direct from hdb!
Frankly, I just do not know how they can survive as I told him that I really do not want him to be in debt to the extent that life is like being put on a pedestal like a rat running to turn the wheel till it drops dead.
And we are talking about the life of a young professional starting life with full support and not incurring debt either in uni study and the first few years of working life. I do not know how people who would earn less, how do they survive?
I read from the papers that someone planning to buy the govt condo meant for income of 8 to 10k commenting that $750 per sq ft is cheap maening getting a 1,000 sq ft 2 bedroom apartment for 750K is cheap? How on earth can the couple pays for the unit paying probably 150k down payment and taking a debt of 600k likely to be paid over 30 years!This is insane.
Tuesday, October 05, 2010
reposition
each time there is a crisis, we should treat it as a turning point instead.
reposition ourselves, let go our old self and change to a new person, let go and move on.
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