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COVID-19: Retrenchments

Albeniz

By Albeniz,
in Lite & EZ

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Staff69

Staff69

Hypersonic
(edited)

That's the old way of thinking, 

This only create an environment where, senior can bully juniors as and when they like cos, no one will fight back.

 

Just give an example, your daughter has been sexually harass by her boss, do you tell your daughter to quietly resign and find another job

Or you tell your daughter to report to police n media so that the bullying will stop for the next victim 

 

Take india for example,  average 91 reported rape case daily, haven't count in unreported rape cases.  If everyone just quietly walk away and leave the bully untouched,  you're not helping yourself cos the problem is still there and one day, it will come back to you 

 

https://en.m.wikipedia.org/wiki/Rape_in_India#:~:text=Rape is the fourth most,average of 91 rapes daily.

Edited by Staff69
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Windwaver

Windwaver

Turbocharged

https://www.todayonline.com/singapore/sporeans-homes-malaysia-limbo-due-border-restrictions-some-paying-double-living-costs

S’poreans with homes in Malaysia in limbo due to border restrictions, some paying double the living costs
By WONG PEI TING
 

  • Some Singaporeans with properties in Malaysia are stuck here and still paying rent for their homes across the Causeway
  • They are unable to return to Malaysia to resolve their issues
  • Singaporeans who invest in Malaysian property are affected as well
     
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Volvobrick

Volvobrick

Supersonic
40 minutes ago, Windwaver said:

https://www.todayonline.com/singapore/sporeans-homes-malaysia-limbo-due-border-restrictions-some-paying-double-living-costs

S’poreans with homes in Malaysia in limbo due to border restrictions, some paying double the living costs
By WONG PEI TING
 

  • Some Singaporeans with properties in Malaysia are stuck here and still paying rent for their homes across the Causeway
  • They are unable to return to Malaysia to resolve their issues
  • Singaporeans who invest in Malaysian property are affected as well
     

They never heard what LKY said - "at the stroke of a pen". Now that really came true. 

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inlinesix

inlinesix

Hypersonic
47 minutes ago, Windwaver said:

https://www.todayonline.com/singapore/sporeans-homes-malaysia-limbo-due-border-restrictions-some-paying-double-living-costs

S’poreans with homes in Malaysia in limbo due to border restrictions, some paying double the living costs
By WONG PEI TING
 

  • Some Singaporeans with properties in Malaysia are stuck here and still paying rent for their homes across the Causeway
  • They are unable to return to Malaysia to resolve their issues
  • Singaporeans who invest in Malaysian property are affected as well
     

Someone posted in JB property thread

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Columbian78

Columbian78

6th Gear

In my previous company (small mnc), >10 years ago, a new manager came in to head our dept, replacing the sg manager whom left. This new guy was from another country (not wanting to target any country). I am not sure if he was already a citizen then but at least a pr cos he has hdb, wife and kids here. Immediately after that, all the new hires we got in the dept were from the same country as him. Yes, I remember it was 100%. Around 50% were poached from his previous company. I left after 1 year he came.

I myself had been a foreign worker and I felt it was natural that when people hire they tend to want people who are predictable or linked to them, especially when they themselves are the minority and in a foreign position. This is human nature. Yeah there are outliers but majority of people are just human. It is the responsibility of the higher mgmt and the authority that must implement and enforce the rules to make sure things don't go overboard.

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Throttle2

Throttle2

Supersonic
On 10/1/2020 at 6:11 PM, Wt_know said:

yes ... 34,000 newly minted millionaires in the pipeline

To be fair, anyone who has taken up any of these deferment or loan assistance should not be allowed to take any more loans or credit.

in other words, if one takes the loan deferment package it means he is risky so it should be recorded by Credit Bureau and Banks should be stopped from giving any further addition loans to these people . ie, no more new mortgage, no new car loan, no increase of credit card limiti, etc....

 

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inlinesix

inlinesix

Hypersonic
20 minutes ago, Throttle2 said:

To be fair, anyone who has taken up any of these deferment or loan assistance should not be allowed to take any more loans or credit.

in other words, if one takes the loan deferment package it means he is risky so it should be recorded by Credit Bureau and Banks should be stopped from giving any further addition loans to these people . ie, no more new mortgage, no new car loan, no increase of credit card limiti, etc....

This is a commercial decision.

If respective bank can stomach the risk, why not lend at higher interest rate?

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13177

13177

Hypersonic
(edited)
On 10/5/2020 at 2:48 PM, Columbian78 said:

In my previous company (small mnc), >10 years ago, a new manager came in to head our dept, replacing the sg manager whom left. This new guy was from another country (not wanting to target any country). I am not sure if he was already a citizen then but at least a pr cos he has hdb, wife and kids here. Immediately after that, all the new hires we got in the dept were from the same country as him. Yes, I remember it was 100%. Around 50% were poached from his previous company. I left after 1 year he came.

I myself had been a foreign worker and I felt it was natural that when people hire they tend to want people who are predictable or linked to them, especially when they themselves are the minority and in a foreign position. This is human nature. Yeah there are outliers but majority of people are just human. It is the responsibility of the higher mgmt and the authority that must implement and enforce the rules to make sure things don't go overboard.

Many of the so called higher management in a company and even the authority all useless one. That is why many things already gone overboard and it cannot be salvage.

Edited by 13177
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Throttle2

Throttle2

Supersonic
43 minutes ago, inlinesix said:

This is a commercial decision.

If respective bank can stomach the risk, why not lend at higher interest rate?

 

Thats the problem, while it may be technically a commercial decision, it is Govt initiated. 

Lending at higher rates? I am all for that.

 

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Throttle2

Throttle2

Supersonic

https://www.todayonline.com/singapore/sfa-bans-sale-raw-fish-homes-hitting-income-some-home-based-business-owners?cid=emarsys-today_TODAY's morning briefing for Oct 7, 2020 (ACTIVE)_newsletter_07102020_today

 

sometimes i think about it , its funny.  We go a full circle

last time Authorities took so long to get rid of BaWang Zhe, now we have all these PHV. Standby roadside also can pick up passengers.

last time Authorities disallow preparation of food and sales from home.   Now free for all.  Mee siam mee rebus !!

 

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Staff69

Staff69

Hypersonic
(edited)
3 hours ago, Throttle2 said:

Lost money again?  Show something different leh, bro!  Show them making at least some money, i am feeling depressed already....

Losing in investment : a few billion

 

Not losing your job despite performing poorly: priceless 

Edited by Staff69
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Volvobrick

Volvobrick

Supersonic
3 hours ago, Throttle2 said:

https://www.todayonline.com/singapore/sfa-bans-sale-raw-fish-homes-hitting-income-some-home-based-business-owners?cid=emarsys-today_TODAY's morning briefing for Oct 7, 2020 (ACTIVE)_newsletter_07102020_today

 

sometimes i think about it , its funny.  We go a full circle

last time Authorities took so long to get rid of BaWang Zhe, now we have all these PHV. Standby roadside also can pick up passengers.

last time Authorities disallow preparation of food and sales from home.   Now free for all.  Mee siam mee rebus !!

 

Last time no people in nice suits peddling to the gahmen ivory tower occupants the BW chia or the illegal home caterers as new economy high tech biz mah! 

Let's see what happens when someone dies from food poisoning from the home cooked food sellers.

 

 

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