Ngiam: Singapore is Jurong Island or Shenton Way?

[Acemundo]

Rent seeking has a layman meaning of landlords collecting rental income from land

 

and the other economics theory of rent-seeking which may include but is not limited by the above meaning.

 

 

This rent seeking behavoiur in SG is a very valid point. For example, phenomenon of rent seeking in monopolies.

 

Hopefully more people like Ngaim would (dare to) bring this up to public attention.

 

 

this has been long a culture in singapore. making money at the expense of its own people. whereas JTC in early years endeavored to provide cheap rented factories, recent years has seen to Mapletree forming reits to collect market rate rents.

 

not forgetting the justification for privatising public transport, power and utilities has thus far only seen oligopolistic or monopolies collecting fat income from locals and companies operating in singapore.

[Unidentified]

It's sad that retired top civil servant Mr.Ngiam Tong Dow is not our Country Leader, he speaks differently with those "toe the party line" existing Mp's & Minister's in Parliament House.

Mr.Ngiam Tong How previous speech in "Auto Pilot System" had deeply impressed me, and now with his "Wealth Creator" message does carries the values and the fault line in our country progresses.

Imagine our nearest neighbours are manufacturing "National Cars" to exporting around the world, we Singapore exporting our uesd cars due to the miserable constraints in "Low Resale Value With 10 Years Car Life-Span", it is absolutely wastage of our country and peoples resources, foreign countries used cars importer are blessed with these lucrative used car business developments.

To me, some well addressed Policies are just "Revenues Generating In Disguise", many years has gone by with it's implementation and we're yet to see these Policies effectively resolving the addressed problems.

 

so ERP and bus lane are actually one of the "revenues generating in disguise"?

*LIKE*

 

[Kiadaw]

No product (no necessarily physical sense), than there is no need for wealth management.

 

Both must work together, but we (as in the world) need more wealth creators than wealth managers.

 

Almost all (if not all) major economies are build on industrialization, some sort of wealth creator of some sort, then wealth management.

 

Wealth creator doesn't mean hot sun, heavy machinery. Music & entertainment, software & apps, even F&B (the only industry in Singapore I think we are world class), science & technology.

 

As a climate hot zone, its a good place for scientist to set up base to study effect of climate change in equator region for instant, or study solar energy for instant, as we got so bloody much sun.

 

In fact some may regards wealth management like banks & financial institute as by product of wealth creators.

 

But some small country does do well with wealth management as main source, maybe Switzerland, but even Switzerland have many wealth creators like their ski resorts (which are bloody expensive), tourism, & their chocolate & watch industry.

 

We had done well as a wealth manager, we have done well, but we may in future face problem with other rising location like Shanghai for instance, which are more strategically located.

 

 

But technical fields are not easy, as we cannot compete with say China for price, as we are much too expensive, even with regional FTs. If we wanted to compete, we need to go a little more high end areas, which brings to another problem, which is lack of geniue people with the skills, qualification, as many bright people do not like to take engineering or science, the exact fields we need the brightest people.

 

In other countries, if you one of the brightest people, you have to work in top research, scientific & engineering firms, everyone, or start your own company in the fields, like Gates & Steve Job did.

 

In Singapore, its all about $$$. But this is an East Asian mindset that is hard to change.

 

 

[2BDriver]

so ERP and bus lane are actually one of the "revenues generating in disguise"?

*LIKE*

Dear Bro Unidentified,

I like your nick.."Unidentified", please help to identify more tie in a long string slings altogehther to tell all these "Elites" that they're still pretending the "Auto Pilot Systems" is as good as usual.

Namely...PARF, ARF, COE, Fuel & Energy, Water & Electricity, Public Housing, ect..............

 

[Donut]

from Documentary, in japan, to encourage science and technology, they come up with Astro Boy comic and cartoons. dat's call tinking outta box. our multi mil $ ministars? all trap in box

 

basically, Ngiam is saying we are NOT thinkers. We only have the "workers" mentality. Follow orders and do accordingly. We dont dare or dont want to venture out and do new things WITHOUT taking orders.

 

Well, I got to agree 1001%. We all been through MOE education system and all that. What kind of creativity do we have in schools? Nil..............

 

Look at HK, Japan and Korea, the 3 top Asian economies besides SG, see any differences?

[Tigerwoods]

basically, Ngiam is saying we are NOT thinkers. We only have the "workers" mentality. Follow orders and do accordingly. We dont dare or dont want to venture out and do new things WITHOUT taking orders.

 

Well, I got to agree 1001%. We all been through MOE education system and all that. What kind of creativity do we have in schools? Nil..............

 

Look at HK, Japan and Korea, the 3 top Asian economies besides SG, see any differences?

We are Maggie Mee. Fast to Cook, Good to Eat and that's all.

Ngiam hits the Sweet Spot with this man ! He is the Man !

SG education pushes the Engineering Student to study Business Degree so he can work in Financial institution that investigates the investment potential in Engineering Companies.

 

This is so common now until the Engr Graduate knowledge is quite useless to do much Engr job...

I Liked the best part he pointed - Middle of Indian Ocean with a Computer.

[Donut]

We are Maggie Mee. Fast to Cook, Good to Eat and that's all.

Ngiam hits the Sweet Spot with this man ! He is the Man !

SG education pushes the Engineering Student to study Business Degree so he can work in Financial institution that investigates the investment potential in Engineering Companies.

 

This is so common now until the Engr Graduate knowledge is quite useless to do much Engr job...

I Liked the best part he pointed - Middle of Indian Ocean with a Computer.

 

well, its damm true that anyone can be a fund manager.

[2BDriver]

We are Maggie Mee. Fast to Cook, Good to Eat and that's all.

Ngiam hits the Sweet Spot with this man ! He is the Man !

SG education pushes the Engineering Student to study Business Degree so he can work in Financial institution that investigates the investment potential in Engineering Companies.

 

This is so common now until the Engr Graduate knowledge is quite useless to do much Engr job...

I Liked the best part he pointed - Middle of Indian Ocean with a Computer.

Tigerwoods Sir !

We the citizens of Singapore.....Are like Sugarcane, planted seperately in the Sugarcane plantation, easily chop-off one by one, squeeze out the juices until dry-up, dispose as unwanted dissenters and being replace by foreign new citizen's for Nation Instant Growth

[Kiadaw]

basically, Ngiam is saying we are NOT thinkers. We only have the "workers" mentality. Follow orders and do accordingly. We dont dare or dont want to venture out and do new things WITHOUT taking orders.

 

Well, I got to agree 1001%. We all been through MOE education system and all that. What kind of creativity do we have in schools? Nil..............

 

Look at HK, Japan and Korea, the 3 top Asian economies besides SG, see any differences?

HK is more comparable with us, Korea & Japan are far far bigger than us, in size & population.

 

In fact if you take out Asia, we are quite comparable to say Denmark & Switzerland in population ( Their land size is also limited, but not as much as us obviously).

[Donut]

HK is more comparable with us, Korea & Japan are far far bigger than us, in size & population.

 

In fact if you take out Asia, we are quite comparable to say Denmark & Switzerland in population ( Their land size is also limited, but not as much as us obviously).

 

I'm not talking about population size lah

[Gendut]

If Ngiam is right on our govt and people's mentality of short term gains, Singapore will soon burn out.

 

And I think he is right.

[KARTer]

Imho, ever since 2000, I feel Ngiam's words carries more substance/ value and truth than old man.

In fact this includes substance / value of the clan.

[KARTer]

No product (no necessarily physical sense), than there is no need for wealth management.

 

Both must work together, but we (as in the world) need more wealth creators than wealth managers.

 

Almost all (if not all) major economies are build on industrialization, some sort of wealth creator of some sort, then wealth management.

 

Wealth creator doesn't mean hot sun, heavy machinery. Music & entertainment, software & apps, even F&B (the only industry in Singapore I think we are world class), science & technology.

 

As a climate hot zone, its a good place for scientist to set up base to study effect of climate change in equator region for instant, or study solar energy for instant, as we got so bloody much sun.

 

In fact some may regards wealth management like banks & financial institute as by product of wealth creators.

 

But some small country does do well with wealth management as main source, maybe Switzerland, but even Switzerland have many wealth creators like their ski resorts (which are bloody expensive), tourism, & their chocolate & watch industry.

 

We had done well as a wealth manager, we have done well, but we may in future face problem with other rising location like Shanghai for instance, which are more strategically located.

 

 

But technical fields are not easy, as we cannot compete with say China for price, as we are much too expensive, even with regional FTs. If we wanted to compete, we need to go a little more high end areas, which brings to another problem, which is lack of geniue people with the skills, qualification, as many bright people do not like to take engineering or science, the exact fields we need the brightest people.

 

In other countries, if you one of the brightest people, you have to work in top research, scientific & engineering firms, everyone, or start your own company in the fields, like Gates & Steve Job did.

 

In Singapore, its all about $$$. But this is an East Asian mindset that is hard to change.

We need more people like Sim HB who started Creative. What other SGP brands we have?

[KARTer]

from Documentary, in japan, to encourage science and technology, they come up with Astro Boy comic and cartoons. dat's call tinking outta box. our multi mil $ ministars? all trap in box

Is it "despite" or " because of" their million dollar pays they can't think out of the box?

[KARTer]

You've just reminded me about LTA tender out our National MRT System to Public Listed Temasek Holding than to sub-tenderer Private Company SMRT for 30 years lease term.

SMRT engaged Duty-Free-Shops Madame Saw for her expertise in retails industry to expanding favourably MRT Stations retail outlets and advertisements businesses with attractive super pluses bottom lines to look good glorified, but Madame Saw had forgoten to address the importance of The Trains Maintenance Programmes where we're now facing frequent MRT system breaksdown, currently paying and inviting Foreign Trains Experts to sit in our High Court to makes their highlights and judgements just again wasting our country resources.

She single-handedly brought our train service from world class to the next level..... Downward

[Tigerwoods]

Tigerwoods Sir !

We the citizens of Singapore.....Are like Sugarcane, planted seperately in the Sugarcane plantation, easily chop-off one by one, squeeze out the juices until dry-up, dispose as unwanted dissenters and being replace by foreign new citizen's for Nation Instant Growth

Sir Fong MY,

Now Sugarcane Zha are used to make environmentally friendly Furniture so we must bind ourselves together and compressed as thick hard boards to block the Foreign Ren Zha from coming in.

[Jtay]

It's sad that retired top civil servant Mr.Ngiam Tong Dow is not our Country Leader, he speaks differently with those "toe the party line" existing Mp's & Minister's in Parliament House.

Mr.Ngiam Tong How previous speech in "Auto Pilot System" had deeply impressed me, and now with his "Wealth Creator" message does carries the values and the fault line in our country progresses.

Imagine our nearest neighbours are manufacturing "National Cars" to exporting around the world, we Singapore exporting our uesd cars due to the miserable constraints in "Low Resale Value With 10 Years Car Life-Span", it is absolutely wastage of our country and peoples resources, foreign countries used cars importer are blessed with these lucrative used car business developments.

To me, some well addressed Policies are just "Revenues Generating In Disguise", many years has gone by with it's implementation and we're yet to see these Policies effectively resolving the addressed problems.

 

I like to hear his views. Very refreshing, and hits the nail on the head. The speech about auto pilot was in 2003, where he said that Singapore is bigger than PAP. For those interested to read the full interview, see this link.

 

[2BDriver]

Sir Fong MY,

Now Sugarcane Zha are used to make environmentally friendly Furniture so we must bind ourselves together and compressed as thick hard boards to block the Foreign Ren Zha from coming in.

It is known as "Bagasse"(sugarcane zha), the fine and 1cm long fibre can recycle into "Bagasse Pulp" for paper makings.

We're being explore into this extend by the elites, now they want to replace us by FT/FW to sustain the economy structure.