atans1

Swedish minister: Why public sector pay shldn’t be benchmarked to private sector

In Political governance, Public Administration on 03/09/2014 at 4:52 am

Peter Norman is Sweden’s financial markets minister. He is reforming Sweden’s state pension schemes, known as the AP funds; cutting five funds into three. Despite a background in financial services, he is against benchmarking public sector pay to that of the private sector: FT reported on Monday

Adding insult to injury for those working at the AP funds, whose jobs are now at risk, Mr Norman also wants to cut the salaries of those who will remain at the three buffer funds drastically.

He believes their salaries should not be benchmarked against private sector companies but against other public authorities, such as the central bank, where pay is far less generous. He does not buy the argument that this will result in a “brain drain”.

“Take SMHI, which delivers the [Swedish] weather forecasts,” he says. “Surely there is a weatherman in the US who is considered the best in the world and who earns an astronomical salary, but that doesn’t mean someone at SMHI should earn the same. We need discipline.”*

Benchmarking salaries in this way would cut the pay for AP staff in half, according to those inside the funds. “It is a tough pill to swallow,” says Mr Norman, who has spoken out against excessive pay in the financial industry frequently.

 —-

*Reminds me of the time when ministers salaries were linked to remiser king, Peter Lim’s take-home pay. Wong Kan Seng, Mah Bow Tan, Yaacob and Raymond Lim that gd meh?

New citizens: Why doesn’t PM, PAP condemn this behaviour, close NS loophole?

In Political governance, Public Administration on 02/09/2014 at 4:54 am

Prime Minister Lee Hsien Loong has urged new citizens to engage in the community where they live and take part in community activities. Speaking at a citizenship ceremony at the Ang Mo Kio and Sengkang West constituencies on Saturday (Aug 30), Mr Lee said he hopes the new citizens will actively integrate into society and discover more about Singapore.

About 150 new Singaporeans from the constituencies received their citizenship certificates and identification cards at the ceremony in the afternoon*. (CNA on Sunday). (Context: A total of about 3,150 new citizens were given their citizenship tin ceremonies across the island last weekend.)

This reminded me of two-timing new citizen Raj and the inaction on a loophole he is using to ensure his son avoids NS.. I posted this last yr

We did NS to protect this new citizen? WTF!

In Public Administration on 03/07/2013 at 1:53 pm

I was shocked when I read this:

An Indian former FT who prefers international schools is new citizen, Raj, originally from India. During an interview with TOC [Link], Raj revealed that only he in the family has converted to Singapore citizenship. His wife and daughter remain PRs and his son is on a student pass.

Raj said that if his son was a PR, he would need to serve NS. He preferred to “let his son decide if he wanted to put his roots down in Singapore or go back to India when he turns 21″.

The benefit of having his son on a student pass is that his son can always work in Singapore later as a “foreign talent” and eventually become a PR himself. He will not be considered a second-generation PR since he was not sponsored by his parents in the first place. A second-generation PR who gives up his PR is barred from working in Singapore.(http://www.tremeritus.com/2013/07/03/st-report-reveals-indian-fts-prefer-to-send-their-kids-to-international-instead-of-local-schools/)

Why the loop-hole, and why hasn’t it been closed? It must be commonly used for this FT to talk publicly about it, is my guess

Now, I RODed in the 70s,  am a bachelor and I don’t have children, but I’m upset at this loop-hole. Imagine the anguish of a parent whose son died while doing NS if he finds out that its so easy for new citizens and PRs to avoid legally NS?

This loop-hole had better be closed, and fast.

Hopefully some MP will raise this issue in parly especially as most PAP and WP male MPs have done NS. I know Puthu (very proud of the fact it seems based on his own words) and one Malay MP did not do NS. I know that excluding Low, all the Chinese and the sole Indian male MPs have done NS. Not sure about the Malay WP MP.

Related posts: http://atans1.wordpress.com/2013/01/25/when-55-of-voters-were-fts/

http://atans1.wordpress.com/2013/08/09/new-citizens-is-the-govt-naive-or-cynical/(added in October 2013)

(Btw, no MP has raised this issue. The Worthless Party MPs have been mute on this issue, as on several other issues.)

And this

New citizens: Is the govt naive or cynical?

In Humour, Political governance on 09/08/2013 at 4:38 am

New citizen Raj may be attending something like this party (at tax-payers’ expense, but then he too pays tax) http://articles.timesofindia.indiatimes.com/2013-07-31/other-news/40913953_1_singapore-island-indian-community-gala.

But I suspect, he and his family, are celebrating by desecrating our flag (the PRC flag “r” ours) in the most disgusting manner possible, while laughing at the PAP govt that gave him citizenship, and cooking a nasty smelling curry to upset their S.porean HDB neighbours. Lest readers forget, new citizen Raj boasted to TOC that his son was set to avoid NS while still being to then become a FT PR. I wish the defence minister would close this loop-hole. Instead he seems to prefer to play the DRUMS (Distortions, Rumours, Untruths, Misinformation and Smears) to the beat of RAVI (Recriminations, Accusations, Vilifications & Insinuations (or is it Insults?).

Come to think of it, if Raj is such a devious man, he could be avoiding or evading paying his taxes. Taz talent for you.

Seriously, a friend who has spent many, many yrs working overseas, returning home ten yrs ago with a family, is not surprised that new citizens will be loyal to their new country.

He said although he had worked for many yrs in a foreign country, he wouldn’t have had the slightest hesitation to leave that country if there were problems there. Why should the govt here expect FTs to behave any differently, juz because they get S’pore citizenship, he asks? He said even if he had been given foreign citizenship, he would have cut and run if there was trouble. He doesn’t expect our new FT citizens to behave any differently. More fool the govt if it believes that they will defend S’pore, he says.

He made these points loud and clear when attending a session organised by a govt related think-tank. He actually wasn’t invited because it was organised for FTs. But his wife, a FT, received an invitation, and suggested to him that the event was his kind of do, especially as he would know many of the S’poreans from the think-tank. He did, including the boss.

So is the govt naive when it believes and assures us that new citizens will do the right thing by S’pore? Or is it cynical, wanting them only because it hopes they will drive economic growth by providing competition to local PMETs thereby keeping a cap on wage costs? Even some PAP MPs seem to think that FT provide unfair competitionhttp://news.xin.msn.com/en/singapore/local-pmets-continued-to-face-unfair-foreign-competition-say-mps

BTW, my friend tells me that his son will do NS, after he finishes poly. I had told him I was disappointed to hear Yaacob, the Spin and Malay minister, say several yrs ago that he would encourage his son to do NS. His son, like my friend’s son, can opt out of being a citizen, thereby avoiding NS.

Have a gd day. And don’t curse the PAP and LKY  today. They too are S’poreans. And Cursing or being angry at the PAP and LKY, is like cursing or being angry at a Sith Lord. It only makes them stronger. They thrive on hatred.

Don’t feel guilty if you enjoy the spectacle. You paid for it. Don’t feel guilty too if you don’t go to Hong Lim to protest celebrate the people’s way. S’pore’s a broad church and the PAP govt ain’t that intolerant.

Majulah Singapura to you.

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*Speaking at the citizenship ceremony, Prime Minister Lee Hsien Loong noted that changing citizenship is a major decision. “It’s not just weighing up the benefits and the costs rationally and doing a spreadsheet and say ‘Okay, now cost-benefit breaks even’, but committing your heart – what identity do you adopt, what values will you make your own, where will your loyalty lie,” Mr Lee said.

Prime Minister Lee acknowledged there will be some adjustments new Singaporeans will have to make because they all come from different cultures. But he said he is confident that their roots will grow year by year, just as it was with the older generations of Singaporeans.

Mr Lee encouraged the new arrivals to serve the community alongside Singaporeans and to celebrate Singapore’s 50th birthday next year with fellow citizens. He also urged residents to help the new citizens fit in on a more personal level – by inviting them for community events and for meals at their homes.

At an earlier ceremony in the morning, another 200 new Singaporeans living in the Ang Mo Kio and Sengkang West constituencies received their citizenship certificates. 

Kong & lieutenants: God’s fools or the Joker is God

In Humour, Property on 01/09/2014 at 4:46 am

Here’s the evidence that they’re fools. Or evidence that God’s the model for the Joker , Batman’s foe.

Penny wise, pound foolish? 

One thing has puzzled me about the management team’s actions.

It was obvious from the testimony so far that at least his lietenants knew that the way that Sun Ho’s carrer was being funded* could be an issue with the auditors. Hence they claimed they had disclosed everything to the auditors esp to Comrade Brother Foong Daw Ching the head of the audit firm, who they claimed knew everything and was their consultant. Daw and the auditors denied everything, but they would wouldn’t they? Their testimony reminded me of “I know nothing, nothing” German sergeant in Hogan’s Heroes (a tv comedy series in the 70s)

What puzzled me was the absence of lawyers’ advice.

Now we know that Kong and gang only sought legal advice after police questioning

“Shaken to the core” was how the founder of the City Harvest Church felt when he was told by lawyers in early June 2010 that he and his five deputies had been negligent and “had done wrong” in managing the church’s finances.

Recounting yesterday that he had met up with the other accused and two lawyers a day after he recorded his first statement to the Commercial Affairs Department (CAD), Kong Hee, 49, said he had always consulted the lawyers and auditors on the church’s plans, be it bond investments or the financing of his singer-wife Sun Ho’s debut English album in the United States.

Taking the stand for the fourth day, he said: “I was shocked because I thought that all this while, we had relied on professionals to advise us; now one of the key professionals was saying we had done wrong.” (BT 15 August)

Were Kong and his lieutenants too mean to pay for legal advice. Every little penny for Auntie Ho and her Hollywoods friends?

Or did they have a suspicion that lawyers would advice against scheme? Too clever by half then?

Trusted that Kong had line to God

Xtron** had projected album sales of S$16 million in 2011, and S$23 million in 2012. A prosectuorpointed out that given there was neither a distribution contract nor an album contract, the figures were either “false, or at very best, purely speculative”.

John Lam, one of the defendants, said it was his belief in Kong Hee’s ability to make the Crossover Project a success which led to him supporting the church’s investment into the Xtron bonds, despite knowing that Xtron was not a profitable company, and that Sun Ho’s music albums were losing money.

We we now know based on the losses Kong is suffering as a result of his Sentosa Cove penthouse, that he doesn’t have a direct line the Fock Lok Siew God of Prosperity.

Dozens of houses – complete with their own private yacht berths and multiple swimming pools – sit empty while few lights are on in the apartment blocks overlooking the marina, a few kilometres away from Sentosa’s giant casino.

Prices in the gated community, where Australian mining tycoons Gina Rinehart and Nathan Tinkler bought properties, fell around 20 per cent in the past year as lending restrictions and taxes on foreign buyers burst a bubble in the South-east Asian financial hub’s luxury real estate market.

Investors could see the value of their assets fall even further with developers and investors still struggling to sell even after the recent price falls.(BT 29 August)

Earlier article on Sentosa and Kong.

So why does the congregation still trust that he has a private line to god? Time to sacrifice him to propitiate the prosperity god? Or is CHC the ship of fools?

Not trusting CHC members

If only Khong and gang had trusted the congregation, and raised funds for Sun Ho’s Hollywood lifestyle. It’s clear from their actions: supporting “Project Crossover” after being told how it had been funded, and funding the defence of most of the defendants). Oh ye people of little faith.

 

To end on a different note,

The court also heard that the money spent on Ms Ho’s US album went “down the drain” when she had to return to Singapore to assist with investigations into the alleged financial irregularities within the church.

It’s obvious that the anti-PAP cyber-warriors hate those who are more well-off than them. Shouldn’t they be cursing the govt for making Kong, Ho and gang lose money, and spoiling her career? Or are the most virulent anti-PAP ranters also envious born-losers?

——

*The prosecution alleges that payments between the church and Xtron was essentially moving money from one pocket to another. Its case is that the bonds were merely a device to funnel money from the church’s building fund into Xtron to be used for the church’s Crossover Project. Fronted by Ms Ho, the project was the church’s way of evangelising through pop music.

“The idea of using Xtron bonds was so it could be presented as an investment, and hide the fact that you were using building fund monies to fund Sun’s career,” said Lead Prosecutor Mavis Chionh, adding that there were telling signs that the bond investments were not genuine. For example, the church did not carry out due diligence on Xtron before subscribing to the bonds.

Money that went to Xtron was largely used to fund the church’s Crossover Project. In cross-examining former church board member John Lam, the prosecution pointed out that there was no basis for Xtron’s huge projected sales of Ms Ho’s then-delayed US album.

Church monies to the tune of S$4.79 million were used to meet expenses related to Sun Ho’s music albums, and this was something the church leaders had tried to hide, said the prosecution in the trial of City Harvest Church leaders on Tuesday (Aug 5)

**One of the companies the church invested in was Xtron, Ms Ho’s artiste management firm.

 

 

 

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