In a recent blogpost, Kenneth Jeyaretnam highlighted the imminent implementation of the Asean Agreement on the Movement of Natural Persons (MNP). He wrote:
While permanent rights to work in other member countries are excluded the fact that free movement is extended to Contractual Service Suppliers and Intra-Corporate Transferees means that the bar to stop businesses bringing in cheaper PMETs from other ASEAN countries is set very low.
The main text of this Agreement is not hard to find from the Asean website (but a key annex is missing). In its preamble, it gives a nod to “the mandate of the Asean Economic Community Blueprint” dating from 20 November 2007 wherein the “free flow of skilled labour is one of the core elements of an Asean single market and production base.” Continue reading ‘Asean single market and the free movement of skilled labour’
Where we go wrong is in our use of words. I have always cringed when Singaporeans use the word “house” to mean their flat. I may be old-fashioned in this respect, but I would only use the word “house” when I refer to a dwelling that sits directly on a plot of land; I would not use it for a pigeon coop in the sky. If one looks at international usage, that’s probably the norm.
The wrong choice of words affects how we think of something. Words come with associations and values. I’d argue that our careless choice of words warp how we think of Housing and Development Board flats — public housing in which 85% of Singaporeans live. Continue reading ‘Flats are not houses, think hospital beds instead’
Vikram Khanna’s review of the book Hard Choices: Challenging The Singapore Consensus (Donald Low and Sudhir Thomas Vadaketh, with contributions from Linda Lim and Thum Ping Tjin, NUS Press) has gotten me to write after — deep apologies — a long break. My thoughts have also gathered as dread mounts over the likely onslaught of propaganda next year marking the fiftieth anniversary of the Singapore state’s caesarian birth. I will explore here the ways in which we continue to be traumatised by those beginnings.
More common than the belief in God is the opinion in Singapore that the PAP government is more focussed on economic growth than anything and everything else. Some speak of this focus as understandable; others would describe it as a curse. Few outside of government see this obsession as an unalloyed good thing.
What I have found interesting is how infrequently people choose to explore where this focus (or pathology, if you wish) sprang from. Like mental illness, we have a tendency to take it as something whose origins are beyond our understanding. It just is. It may not be easy to live with, but who knows how such demons of the mind came to roost? Continue reading ‘Time to realise we’re suffering from post-traumatic stress syndrome’
Source: Key Household Income Trends 2012, by Dept of Statistics
Minister for Social and Family Development Chan Chun Sing ruled out having an official poverty line. He was speaking in reply to Non-constituency Member of Parliament Yee Jenn Jong (Workers’ Party). Chan said it would not fully reflect the severity and complexity of issues faced by the poor, and may also lead to needy persons who happen to be above the line missing out on assistance. The full text of the question and written parliamentary reply is as follows: Continue reading ‘One quarter of Singapore households below poverty line’
Property analysts were reportedly stunned by a bid of S$1.43 billion for a land parcel in Yishun town centre, submitted by companies from the Frasers Centrepoint group. It was 47.4 percent above the second-highest bid of S$969 million from a Far East Organisation-led consortium. There were three other bids, at S$930 million, S$875 million and S$705 million.
The most likely reason soon became clear. As owners of Northpoint, adjacent to the site, and the only significant shopping mall in Yishun town centre, Frasers Centrepoint would want to dominate the market for retail space in the locality. But such domination would mean, in effect, a local monopoly.
Competition rules should have kicked in. Frasers Centrepoint should not have been considered eligible for bidding. Continue reading ‘Yishun land sale may entrench Frasers local monopoly’
The post described Singaporeans as a perennially grumpy lot, bitching even about trains arriving 30 seconds late. At first, I gave it little thought. The post was one of many linked from Facebook which I cursorily surfed through while munching my breakfast this morning. I didn’t even keep the link; now I can’t find it any more. It was penned by a Malaysian visiting from Penang who was expressing his amazement at how “advanced” Singapore was, and yet how unreasonable Singaporeans were in not appreciating what we have.
I do recognise however that the remark was really a metaphor for a general state of unhappiness; it was not meant to be taken literally.
But as the day wore on, my mind went back to this comment a few times, and I thought to myself: I don’t see why we should necessarily be ashamed of being demanding. Setting high standards is, after all, the first step to achieving them. I would much rather that we as a people are perpetually dissatisfied and striving for better than be too accommodative of slack. Continue reading ‘The importance of wanting trains to run on time’
Few things annoy me as much as when our nation-building press gets carried away. Today’s front page of the Straits Times has a headline “Singapore posts surprise Q1 growth”, leading a story that speaks — as breathlessly as a teenage groupie — of “good news”.
It quotes unnamed economists saying that “the numbers point to the resilience of the Singapore economy”.
Then it gives the Star Award to the financial services sector, reporting — wrongly — that it grew “about 51 per cent over the previous quarter”, before discussing other sectors such as construction and manufacturing. Of the latter, it reported that it “contracted 4.7 per cent over the year.” Wrong again. It actually contracted by 10.4 percent when measured at current prices, and contracted 6.8 percent when measured in constant 2005 dollars. These are Greek-style plunges. Continue reading ‘Oh joy, our economy’s bubbling again, says our nation-building press’
All projections into the future depend on assumptions. The same is true of the Population White Paper just released. It is one that has provoked a huge outcry with its estimate that Singapore will have as many as 6.9 million on this island by 2030, just 17 years away.
However, among the many assumptions used, one stood out to my eyes. It is there in the executive summary, speaking of getting “3% to 5% Gross Domestic Product (GDP) growth on average” between now and 2020, and 2% to 3% thereafter. Strictly speaking, these were not assumptions. They were arbitrarily laid down targets, but once laid down, they effectively determined the result — which is that population has to rise to as many as 6.9 million. Continue reading ‘Population White Paper should be about children, not about GDP’
Published 13 November 2012
economy and finance
Throughout this year’s US presidential election campaign, the question of Republican candidate Mitt Romney’s tax returns haunted him. He steadfastly refused to release his tax returns for twelve previous years unlike other presidential nominees in the past. There was always the sense that he had something to hide. He did eventually release his 2010 and 2011 tax returns, but the figures hardly helped his case.
Although the top rate of federal income tax in the United States is 35 percent, Romney only paid 13.9 percent in 2010 and 14.1 percent in 2011. His income was certainly large enough to be attracting the top rate. In 2010, Romney and wife declared income of US$21.7 million, well within the income bracket of “US$373,651 and above” that attracts the top rate. In 2011, the couple declared income of US$13.7 million, again within the income bracket of “US$379,151 and above” that attracts the top rate.
Continue reading ‘Consider capital gains tax’
In a blogpost on 30 September, Acting Manpower Minister Tan Chuan-jin laid out some numbers to show that the growth in the foreign workforce is moderating. At the same time, he discussed the difficult balance that has to be struck between business anxieties about labour shortage and popular frustration over too many foreigners in Singapore.
Popular frustration takes three forms: (a) job competition, (b) crowding and infrastructure overload, and (c) cultural destabilisation. Different people would give a different weightage to these concerns. For this discussion however, I am going to focus on job competition alone. Continue reading ‘On foreign labour and the income gap: Acting in moderation or muddling through?’