Multi-million $ minister may be too complacent on their jobs

Heartlander SG

Singapore is just a small red dot on the world map, but its dengue outbreak may have shocked the region!If this outbreak were to happen in other countries like Japan, the minister-in-charge might have already packed up and resigned. Similarly, mishap like that of LTA's Nicoll Highway collapse might have the similar consequences in other nation, but it never happened in the world most highly paid jobs in Singapore!

Most were wondering what the NEA has been doing all these whiles in the past? There is not a single doubt that to control dengue, you need the co-operations of the people but had they done enough to cap the out break?Are our leaders getting too complacent in their highly paid jobs?Have we done enough to stop the terrorists from bombing the underwater tunnels, or should we wait till thousands of Singaporeans drown in the tunnels when they are on their way to work, then we start to take action like the wars against dengue fever?????

Archirodon SG

I don't think they will ever admit their faults. It is always the faults of others. When did we ever see anyone of these ppl bowing infront of TV like the Japanese did in the Nicoll Highway case? When did LTA bosses make any public apology after the public inquiry where they were held partially responsible? They just point the fingers at scape goats.

Surely we remember the NKF saga. Even the shameless Durai refused to resign until there were more than 40,000 petition signatures. He got the guts to sue others for his lavish spending of donors money. Retribution is coming to him! We also have the some counsel of social service. What checks have they placed on such charitable organisations where they can squander donors $$$? Will they responsible Ministry admit their faults? Never lah.... It's always others. They will just sit and claim credits when there is any or are there any? Twisted Evil

robertteh SG

It is sad but true that our manufacturing sector is not powered or facilitated by an economic master plan identifying strategies to compete in the globe. Smaller and smaller mobile harddisk are taking over the reign in computers. It is increasingly popular and will propel our growths in manufacturing of computers and telecommunications.

I have suggested to Feedback Unit the adoption of an economic master plan to better coordinate and strategize our industries so that we will always catch the right opportunities at the right time but my suggestions were probably too difficult for them to consider.

Instead, EDB is taking the general pro-investments approach of incentivising foreign MNCs and selected industries on case by case. EDB is sending scholars to do courses in US and western advanced countries and hope that these scholars do not break bonds.

I suggest that the ministers should not stay complacent by always talking about their past success in attracting foreign investments. What they have to do now is to catch up with small countries like Finland and Switzerland in applying practical knowledge in every field and by overseeing practical planning and strategizing of diverse opportunities that suit our locational and other advantages. By leveraging on the new advantages afforded by IR, we will have more value-adding in many more sectors among other cost-affected industries.

EDB can facilitate the growth of mobile harddisk manufacturing and hand-phones, solar powers, and fuel cell cars etc, bio-tech etc by creating new technology start-ups if private sector cannot do so to kickstart new areas of growth and macro-tune our current general investment approaches to success.

The general investment-centred policies of the past are too complacent and will only bring in certain level of industries whereas proactive opportunity seeking among our entrepreneurs will enliven the whole investment climate, especially we have the IR and good location and call-centre management excellence to use as stimulants. (Read more in Sun Szu Art of War)

Lowclassman SG

Our gov thinks too highly for themselves. Nicoll highway, LTA and the gov thought of no fault on their side, instead pushing all blames to contractor; yet bloodly hell enaged ''famous'' lawyer to fight for their case also.
This is typical sg gov that admited no fault but claim all ''credits''.

There are also typical highly educated people that I've met and told me that never admit own fault; instead twist it and turn it around. Mad

Archirodon SG

Out of the blue, I recalled we once had a Minister who did the "Hara Kiri" after he was probed for corruption. He certainly had set an example. Laughing

archon1234 SG

To be fair, there are really some good man in our government. But sad to say, there are also some "out-of-touch" people siting high up there w/o knowing the actual lifestyle of the heartlanders.

As usual, this Aug output is rocketing sky high again, drawing no reference to the early trend from June and July. Taking a closer look, our electronic sector growth is still dwindling and risk falling behind the Taiwan, Korea and China. Worst of all, the Samsung new high capacity (at least 16GB) Flash DRAMs are now threatening our barely surviving Hard Disk Industries in 2006. This is surely a bad news for our HDD indusrties, as there are at least 10K Singaporean working in this sectors. At least, the news will act as a push factors for the large MNCs to go for cost reduction. Since rental, electrical and water cost is FIXED, so the only cost to look at is the usual Labour Cost.

But in 2006, the electronic sector are expected to recover and a high single digit growth is expected (about 6-9%). However, our "strong" electronic industries has yet to catch up with the other powerhouses in the Far East.

On the bright side, the property market is slightly crawling out of the deep shit hole. New or old properties in CBD area are now expericing a "better than average" selling price. Our heartland HDB flats hopefully can catch the wave LATER, but dun know when. We can expect the election to be annouced real soon, hints are already given out the gov. Expect the Sg stock market to go for a minor correction before boosted by the election effect and "good growth rate" reports. Sg economic will go for a anti gravity stunts against the dragging effect of the ever rising oil prices.

Stay tune and open your eyes, and welcome to the Magical World of Singapore! Cheers!!

mistyblue SG

seagate is moving to thailand. forget about hd industry

as if anyone up there will listen .. its easier to move a mountain

Lowclassman SG

How do you expect local shares to rise much with all high expenses on ridiculous high land costs, utilities bills, taxes, gst, statutory administration charges, everything about money. Even our plastic identity card after wear and tear needed to change also charge so....expensive.

My sloppy UIC shares bought for donkey years still doing at slightly over a dollars. wah....I don't know how long will i have to wait and sell at breakeven to cover the lost of interest and the capital that I've invested with my CPF account. Confused

Other stupid Singtel shares that being loyal but end up still losing on CPF interest. Mad

Archie_boy SG

What is this so call NC of scoial service doing? Stop funding the Visually handicap association. What are they trying to proof? They are in check for charities who spent donors $$$?

Why didn't they check on NKF in the first place? Use publicity stunt some more. Twisted Evil

AF2005 SG

i just don't like the sight of PM lee having to peep inside drains in HDB estate. thats not his job.

his job is to kick others for not doing their jobs. A lot of people need to be kick from town councils office staffs all the way to NEA.

AF2005 SG

its because of the cannibalism of covered warrants that kill many out of play counters. Covered warrants is useless and have to direct value to companies. its as good as gambling. issuers and SGX and stock brokers make the money and players are left dry in the end.

Singtel shrs cannot move up much because of the covered warrants manupilators, the issuers fixed the exercise price at high and make sure it will never come close to that price.

The other thing is high variable bonus and profit sharing over more shr options.

The management gets more money and less for the share holders whom depend on dividend or non at all. So there is no incentive to push up shr prices to benefit shrholders. so they just reward themeselves with more bonus.

for more shr options scheme, if shr price being push up , it benefits all that own shrs.

Right now they favour bonus scheme but if mkt bullish and bull run they will change to more shr option seheme.

They modified to suit which makes most for top management.