>90% SIA shareholders who didn't subscribe to MCB have lost a great deal.

>90% SIA shareholders who didn't subscribe to MCB have lost a great deal.

Correct price of SIA MCB now should be 10% less than equivalent SIA share price (conversion factor of 2.68 bonds to 1 SIA share) and vice versa.

That is why, based on the 6% compound interest and $4.84 conversion price (may be even lower with anti-dilution clause), the effective price of an SIA share in 10 years time, from the MCB pathway is $2.68 now.

Immoral NTUC is by no small measure, responsible for the panic buying of food.

Immoral NTUC is by no small measure, responsible for the panic buying of food.

Selfish and irresponsible wastage of food by NTUC one cause of COVID-19 panic buying amongst Singaporeans.

pict source: https://www.thestar.com.my/lifestyle/li ... s-the-head

The consequence of insufficient cycling paths in Singapore is that diabetes rates will be out of control with serious repercussions on economy,...

The consequence of insufficient cycling paths in Singapore is that diabetes rates will be out of control with serious repercussions on economy, transportation, quality of life in Singapore.

Diabetes rates are already very high in Singapore:
Singapore 'has 2nd-highest proportion of diabetics'
https://www.straitstimes.com/singapore/health/singapore-has-2nd-highest-proportion-of-diabetics

COE quota should remain stable, but ERP rates should increase 3 fold.

Geylang Prawn Seller(HWZ) said:https://forums.hardwarezone.com.sg/eat-d...t125274091
================


actually he got a point

coe is too expensive. erp and petrol is too cheap

tax the usage of cars on congested roads. why tax the car itself when some people use their cars more than other people

ERP rates must double to achieve happiness, prosperity and progress for Singapore.

ERP rates must double to achieve happiness, prosperity and progress for Singapore.

(And parking rates too).

Glass Ceiling Salary level for Singaporean PMET workers may be as low as $1720/month ($2,208.33/monthly if company is honest).

Glass Ceiling Salary level for Singaporean PMET workers may be as low as $1720/month ($2,208.33/monthly if company is honest).

From this point onwards, there is zero financial incentive to hire Singaporean from a corporate balance sheet perspective. This glass ceiling threshold point, whereby any citizenship benifit of being Singaporean vanishes for the Singaporean employee.

[Eco disaster] Australians will become the first climate refugees soon.

[Eco disaster] Australians will become the first climate refugees soon.

Many Singaporeans who migrated to Aust will be returning home too.

Today, much of Australia is on fire due to record beaking ground temperatures. https://www.bbc.com/news/world-australia-50980386

This ecological disaster is the result of greedy people who pumped out (and squandered) excessive ground water until the water table is beyond reach of forests at all.

PAP's Singapore economic blueprint in a nutshell.

PAP's Singapore economic blueprint in a nutshell.
Basically copy wholesale from the British colonial period economic model, now slightly modified into modern theme park run by mafia/ junta/ despots/ tyrants model.

They say free trade, but everything and anything else they will charge exorbitant fees and penalties.

The latest economic opportunities available to young and old Singaporeans today.


Older Singaporeans (who are well informed) can earn 20¢ NTUC vouchers, for every 4 cans or bottles salvaged, so there is a long queue at Tampines Hub NTUC due to the volume of recyclables that the elderly have brought in at 10 locations across Singapore (50 by March

Instead of increase GST, what other more progressive wealth tax options (e.g. Replacement for Inheritance taxes) can be considered?

Instead of increase GST, what other more progressive wealth tax options (e.g. Replacement for Inheritance taxes) can be considered?

E.g. More progressive property taxes so that for annual value above $20k onwards until $300,000, maybe the top tier annual value of property can be taxed at 60% of annual value?

Inflation is a weapon of rich people to rob and exploit poor people.

2% target inflation is generally an invention by rich people to enslave, exploit poor people.

Rich people own many properties, own shares in companies. Mostly the amount of liquid cash held by rich and poor people is about same since rich people prefer to hold little cash because they know that inflation will erode the value of cash at the rate at which they have set inflation at.

If Lee Kuan Yew were the Chief Executive (CE) can he unite Hong Kong?

I.e. do his socialist magic like he did in 1957 onwards to confiscate land from Farmers and rich land owners for a song to build HDB (also sold to citizens for a song) http://eresources.nlb.gov.sg/history/eve...24e4cab8c6and give Hong Kongers hope by providing genuine social mobility, where every working adult can have access to affordable housing be it leasehold 99 years or just 1 year public rentals etc?

Case for a uniform foreign worker levy (including for maids) in Singapore.

Case for a uniform foreign worker levy (including for maids) in Singapore.

pattanispirit (HWZ) said:if min wage is implemented, does that apply to maids as well ?

based on current working hr of maid, it's 6 days x 12 hrs min.

that's 72 hrs work week, which means 72-44 hr =28 hr OT, which at least 12 hrs double pay and the rest 1.5x.

if assuming yr min wage is $7 a hour, their basic should be $1,334 + 16x1.5x7 + 12x2x7 = 1334 + 168 + 168 = $1,670

can govt still implement maid levies ? 

will housewives still can work part time or full time ? 

will children give up their career to take care of their sick or old parent ?

if work outside earning 3k, after cpf and other expenses, what take home is just nice to pay maid. 

so, uni grad, dip holder, pmet rather work at home to take care of babies & old ppl than to work for paying maids.

Before I answer your calculations, do note that there are National security implications wrt over reliance on foreign manpower for domestic chores or manual labor because one can expect these labour sources to very quickly dry up the moment civil unrest breaks out in region or in Singapore.

MOM is the cause of structural unemployment in Singapore. (& the real reason why Minimum Wage is not legislated till now in Singapore.)

MOM is the cause of structural unemployment in Singapore. (& the real reason why Minimum Wage is not legislated till now in Singapore.)

Is simply because almost 38% of Singapore workforce is foreign and even work permit holders make up 27.4% of Singapore workforce, the majority of which may not even be Singaporean if PRs were instead counted as foreigners to begin with.

http://twc2.org.sg/2018/05/22/foreign-workforce-numbers-2017/

Degeneration of workforce: the downfall of Singapore economy has begun...

[Slide Source][alt pict view]
Too many Singaporeans are suffering from chronic diseases which make them more suited to be hospital patients rather than active and employable PMETs. The days of the employable PMET are numbered as employers begin to find them untrainable and unadaptable due to senility/ silent strokes due to chronic disease the consequence of unhealthy lifestyles. "As of 2010, more than half of Singapore's adult population between 18 and 69 years old have high cholesterol, four in 10 are overweight or obese, a quarter have prediabetes or diabetes and about one in five has hypertension."
Thus, just from the slide shown alone, it is highly likely that the diabetic Singaporean will have difficulty seeking employment let alone be functional independently because of vision problems (diabetic retinopathy), cannot remember where he is going/ give useful suggestions (stroke/ dementia), has low effort tolerance/ easily out of breath (kidney + heart disease + smoker's lung), constantly on MC and giddy due to infections, weak kidneys and the diabetic ulcers on his feet (pict of foot below) etc etc.


In short, more lifts rather than escalators should be provided for the singapore population for which electric wheelchairs are a more suitable form of personalised short distance transportation.


And neither are our PAP leaders/ parliamentarians today by any measure paragon examples of good health:
(alt pict view)
 (alt img view)http://danielfooddiary.com/2014/06/14/yan/ 
https://www.facebook.com/notes/theon...y/446633433963
http://www.straitstimes.com/singapor...-to-attend-ndp
https://edmwimg.wordpress.com/tag/le...-loong/page/5/

[quote]

Quote:

Start now to prevent and manage chronic diseases PUBLISHED 27SEP, 2016, 5:00 AM SGT Ng Wan Ching; Mind and Body Editor The numbers do not look good. As of 2010, more than half of Singapore's adult population between 18 and 69 years old have high cholesterol, four in 10 are overweight or obese, a quarter have pre-diabetes or diabetes and about one in five has hypertension. Doctors and public health officials suspect that many people are yet to be diagnosed and, among those who have been diagnosed, many are not doing enough (if anything) to bring these conditions under control, said Dr Lim Su Lin, chief dietitian at the National University Hospital. The sad thing is that because of the high rate of chronic diseases in the community, people think that it is normal as their friends also have the same problem, she said. The burden of chronic diseases lies not only in bringing the physiological abnormalities (such as being overweight and having high blood sugar and high blood pressure) back to normal. Left untreated, the associated complications may lead to disability, escalating healthcare costs and premature death, she said. For instance, obesity is a risk factor for diabetes, heart disease, arthritis and stroke. Untreated and uncontrolled diabetes leads to coronary heart disease, kidney failure, blindness and limb amputation. Chronic diseases are sometimes called lifestyle diseases. A recent study found that unhealthy behaviour and lifestyles such as unhealthy eating, smoking, drinking too much alcohol and not exercising can shorten your life by as many as 12 years, she said. If your chronic diseases are not controlled, you will likely suffer poor quality of health for 15 years before dying of complications of the diseases, she added. But do not just sit back and accept the inevitable. There are positive steps you can take to prevent or manage these chronic diseases, one of which is to maintain a healthy lifestyle and weight. Dr Lim gives some lifestyle tips on how to get there: FOOD Choose food that contains minimal amounts of unhealthy fats, such as trans fats and saturated fats. Foods that are high in trans fats include those made with "partially hydrogenated oils" such as pastries, confectionaries, fried food, pizza and cookies. Foods that are high in saturated fats include lard, fatty meat, cakes, fast food, pizza and full-fat dairy products. However, your diet may include moderate amounts of healthy fats, such as polyunsaturated, monounsaturated and Omega-3 fats. These should still be taken in moderation to prevent weight gain. Limit your intake of sugar that is found in soft drinks, beverages with added sugar (such as coffee, tea, chocolate drink), processed fruit juices, sweets, cakes, desserts and pastries. Choose wholegrain carbohydrates instead of refined carbohydrates. For example, choose wholegrain bread instead of white bread, and brown rice instead of white rice. Choose fish, chicken without the skin, beans, tofu or lean meat for protein instead of fatty meat. Choose foods that are prepared with healthier cooking methods. These include food that is steamed, grilled, baked, stewed, boiled or airfried instead of deep fried. Include fruit and vegetables in your daily diet. And do not overeat - know when to stop. EXERCISE Include exercise or activities as part of your daily routine. It is recommended that you exercise about three times per week for 30 to 60 minutes each time so that it becomes a habit. You can also incorporate activities into your daily routine by taking the stairs instead of the lift, parking further away from shops and walking there instead, and taking a quick walk during your lunch break or walking to work or home. ALCOHOL Avoid or drink alcohol in moderation. Take no more than one standard drink (one can of beer, half a glass of wine or one shot of hard liquor) for women and two standard drinks for men per day. SMOKING Do not smoke. It is associated with a variety of health risks, including heart or liver disease and many cancers. Ng Wan Ching http://www.straitstimes.com/singapor...ronic-diseases

...Quote:

Early treatment of hypertension can reduce stroke risk PUBLISHED NOV 21, 2016, 6:24 PM SGT Doctors are increasingly seeing younger patients struck down by stroke in the prime of their lives, even as advancing age is the most common factor in strokes ("1 in 10 stroke patients here aged under 50"; Nov 19). Obesity, smoking, stress, lack of exercise and other ills of an affluent society have contributed to the increasing incidence of this crippling and often life-terminating condition. Fortunately, recognition and early effective treatment of hypertension reduce sufferers' morbidity down almost to that of a normal person's. Side effects of treatment are mostly minimal and are easy to manage. The Community Health Assist Scheme and Pioneer Generation subsidies are immensely helpful for the financially needy and the pioneer generation in their combat against hypertension, while Medisave can also be utilised as copayment in private clinics. No one should spurn modern, proven and efficacious treatment, even as traditional Chinese medicine and home remedies can be used as adjuncts. Yik Keng Yeong (Dr) http://www.straitstimes.com/forum/le...ce-stroke-risk

Quote:

1 in 10 stroke patients here aged under 50 PUBLISHED NOV 19, 2016, 5:00 AM SGT Linette Lai While older people are far more likely to suffer a stroke, one in 10 stroke patients in Singapore is under 50 years old. Medical conditions such as high blood pressure or high cholesterol can make a person more likely to get a stroke, say doctors. Smoking, too, puts you at risk. Last Saturday, Singaporean businesswoman Linda Koh was found unconscious in her Hong Kong hotel room. The 36-year-old was rushed to hospital, where she died soon after. Doctors subsequently found that she had suffered a stroke. Her father, Mr Alan Koh, told Chinese newspaper Shin Min Daily News that his daughter had a history of high blood pressure and was taking medication for it. Strokes occur when part of the blood supply to the brain is cut off. The latest figures from the National Registry of Disease Office show that there were 6,943 cases of strokes in 2014, up from 6,642 the previous year. They are the fourth most common cause of death in Singapore, and tend to occur among men. The incidence rate for men aged between 35 and 44 who were admitted to public hospitals for stroke in 2014 was 58 per 100,000 people, compared with 24 per 100,000 for women in the same age group. Doctors who spoke to The Straits Times said there are rarely any warning signs before a stroke happens. "Some strokes may be preceded by severe headaches or neck pain," said Dr Carol Tham, a consultant from the National Neuroscience Institute's neurology department. "Unfortunately, most patients do not have any warning symptoms before the stroke occurs." During a stroke, people often experience difficulty speaking and walking, weakness on one side of their bodies, and even temporary blindness. Dr Ho King Hee, a neurologist at Gleneagles Hospital Singapore, said strokes that result in sudden death are likely to be due to bleeding in the brain from a ruptured blood vessel, rather than a blockage. "If you are older, it means that there is more time for damage (to the blood vessels) to accumulate," he said. "But a stroke can happen at any age." He advises people who have conditions such as high blood pressure, high cholesterol and diabetes to keep them in check. Dr Tham added that doctors may also prescribe blood-thinning medication for people whose blood tends to clot. "If a person has any symptoms of stroke... he should seek treatment at the emergency department immediately as early treatment can help to reduce the disability caused by strokes," she said. A version of this article appeared in the print edition of The Straits Times on November 19, 2016, with the headline '1 in 10 stroke patients here aged under 50'. http://www.straitstimes.com/singapor...-aged-under-50

__________________

Why Brexit referendum is a PLUS for WORLD PEACE: stale (rancid) agreements should be reviewed at periodic intervals.

Pict sauce
Just my 2cents.
Judging by current world trends and the problem of too big to fail: but FAILED in the context of recent significant disasters the likes of Fukushima, Lehman Brothers 2008 (World Financial Crisis), Greek debt crisis etc: to me, all are syndromic of 'groupthink' and the concept of systematic and extensive whistle blower silencing.

Blunt home value based means testing divides families and dampens birth rate of Singaporeans.

Oddly, when challenged, Ms Sim Ann (SMS Finance) said "... targeted schemes form “only a small part” of the total benefits that Singaporeans, including private-property dwellers, receive"...

Is she bending the truth when we all know that GST credits, utilities rebates, education bursaries, medical subsidies (ward charges, CHAS card/ medishield-life premium subsidy), workfare, workfare transport concession, silver support scheme and almost ALL community support schemes (nursing home, home nursing foundation etc) are means tested with 'Annual value (AV) of home' being a core criteria in means testing?

In today's computer age whereby (CNA, 25Feb2016) 'Satellite-based ERP to be ready by 2020, with S$556m contract awarded', surely, a more appropriate per-capita AV calculation cannot be too much to be expected from a "first class political leadership"?

(per capita AV of home is the AV of residence divided by the number of Singaporeans/ PRs residing at the address (owner, family + tenant etc)).

SAF needs to stop treating NSmen like slaves/ mercenaries if Singapore is to defend herself successfully.

SAF needs to stop treating NSmen like slaves/ mercenaries if Singapore is to defend herself successfully.

It is absurd that SAF reservist remuneration schemes seems to discredit the objective military appointments/ performance of NSmen gleaned from their 2.5yrs of NSF training experience and prefers to remunerate NSmen in a very biased, subjective manner based upon their civilian salaries (commercial worth), as if SAF were some medieval colonial naval entity heavily involved in slave trading, the employment of mercenaries and other immoral/ illicit activities (e.g. the kidnapping slaves from Africa, British India Company forcibly importing Opium into China).

I say this because for SAF to remain a cohesive fighting force of professional and committed men of at least 2yrs full time military training, SAF has to professionalise/ personalise its NSmen remuneration schemes, rather than irresponsibly attach a reservist soldier's value to his commercial value: since this only encourages generations of NSmen to find excuses to downgrade/ avoid military liabilities in lieu of striving for a higher civilian salary, as evidenced in the fact that an unbelievable >60% of NSmen have since successfully applied for medical downgrades, so serious, "Vast majority of NSmen not even fit to take physical fitness test(?let alone able to pass it?).".

Sans bicycle, Singapore will probably surrender once more, not too long after SG50.

Faced with severe healthcare challenges, a high terrorist threat and criticisms about high per-capita greenhouse gas emissions from Singapore, I think that Singapore has NO OTHER CHOICE but to embrace the humble bicycle with open arms.

Evidence of an incompetent SG gahmen in the face of an increasingly ill/ unfit population, addicted to fatty foods and allergic to exercise: i.e. 'lifestyle sick' (sick due to unhealthy lifestyle choices) :
Photo of obese person from: http://thewestsidestory.net/2-1-bill...ide/11632.html

PAP philosophy= Parliament needs 1/3 opposition presence for maximum growth.

PAP philosophy= Parliament needs 1/3 opposition presence for maximum growth.

Quote:

Minister Lim Swee Say: I have a formula for GDP growth for the next 10 years In his speech at an employment fair, newly-minted Manpower Minister Lim Swee Say proclaimed that he has a formula for GDP growth for Singapore in the next 10 years....'In the last 10 years, we have been growing our economy based on a simple formula of ‘3+1=4’ : 3 per cent growth in our workforce plus 1 per cent improvement in our productivity to give us 4 per cent growth in our economy.' http://statestimesreview.com/2015/07...next-10-years/

In the last 10 years, most of the 3% workforce growth has come from letting in foreigners en masse for employment in Singapore.
As at 2010, the composition of labor workforce (including foreign domestic workers) was as follows:
Source:https://wayangwayang.wordpress.com/2...-in-singapore/

Given to foreign labourers and PMETs receiving ample employment opportunities to work in Singapore, PAP achieved overwhelming success at increasing GDP (with Singaporean citizens providing only 54.7% of workforce), it is time to take a leaf from the PAP's indiscriminate dependence upon foreign workforce philosophy and apply the same to increasing opposition presence contributing to the diversity of options considered in parliamentary debate.

Indeed, Singapore will do much better with a 1/3 opposition presence in parliament.