Category: Sosial

  • Licensed Moneylenders May Be Just As Bad As Ah Longs

    Licensed Moneylenders May Be Just As Bad As Ah Longs

    A man borrowed $400 from a licensed moneylender and ended up owning thousands of dollarst.

    This was reported by The Straits Times who interviewed cleaner Goh Chin Ann and found out about this.

    Mr Goh initially borrowed $400 from the licensed moneylender Credit88 in August.

    But there were three different conditions on the loan.

    On the agreement that Mr Goh signed, the interest was only eight cents a day.

    However, the contract also had another condition – if he did not pay back his loan the next day, he would need to pay a $600 late-fee charge.

    But he was give a card with a third condition. It said that he had to repay his loan in five months, at $200 a month.

    But this loan repayment was actually not in the agreement.

    Mr Goh is 62 years old and earns only $1,000 a month. Eventually, he defaulted on one of his installments.

    That was when he was warned of the “very, very high” late fee.

    By now, Mr Goh was at wit’s ends and he approached two other moneylenders – licensed ones again.

    He borrowed another $500 from Assure Capital in Clementi and AP Credit in Anson Road. Their interest rates were half of what Credit88 charged, at 3.72 percent.

    But they both also made him sign contracts which said that he had to pay up the full loan the next day or he would have to pay a late fee of $1,250.

    Soon, Mr Goh was saddled in thousands of dollars of debt.

    Eventually, Mr Goh approached Blessed Grace Social Services, a support group for gambling addicts, who helped Mr Goh negotiate to pay the loans over a longer period.

    These were licensed moneylenders but even they would resort to such tactics to force borrowers into a corner.

    The three licensed moneylenders did not want to comment on their tactics.

    But apparently it is a common “scare tactic” that these licensed moneylenders use.

    It is also a way for “moneylenders to cover themselves”.

    This is how their trick works – as the repayment schedule is different from the agreement they give to borrowers, if they are questioned on this, they will then pretend that the the repayment schedule actually includes the late fees.

    But how have these moneylenders become so bold in using such tricks? Are they not licensed and should be better policed?

    However, Moneylenders’ Association of Singapore president David Poh acknowledged that because there no rules at all on late charges, this allowed the licensed moneylenders to do whatever they want.

    There is only a rule on interest rates cap.

    But even then, for borrowers who earn below $30,000 a year, the annual interest is still a staggering 20 percent.

    Mr Poh admitted, “The only way for moneylenders to earn a profit from low-income borrowers is through late fees,”

    On how this should be dealt with, Mr Poh said, “We encourage the authorities to cap such fees, so borrowers do not suffer.”

    When contacted, the Registry of Moneylenders only said that it knows of the “very high late fees” and a review is ongoing but if this problem has been ongoing for some time now, should remedial actions not have been taken earlier?

    The registry regulates the moneylenders.

    The licensed moneylenders claim that there should not be further new rules as they would have to close shops.

    They also said that they do not lend money to the low-income to make money off them.

    However, Mr Goh’s example proves otherwise and not only that, many gambling and debt support groups also revealed that these moneylenders have been very happy to keep lending the low-income money.

    Clearly, these licensed moneylenders lack morals and ethics and they are profiting off the low-income, who have the least ability to pay.

    Earlier last month, a committee tasked to review moneylending regulations recommended new regulations for a loan cap of four times the borrower’s monthly income, interest rates to be capped at 4 per cent a month, and late interest capped at 4 per cent a month, with no other fees allowed.

    But Mr Poh had said then, “It won’t be a sustainable figure. We are looking at around 10 to 15 per cent based on our default (costs), our accounts … if this were to go on, at 4 per cent, we will definitely close shop – most of my members will close shop.”

    But yet, Mr Poh also acknowledged that the moneylenders were actually profiting from the low-income.

    Clearly, what the “licensed” moneylenders are doing is unethical and preys on the low-income.

    Even if the new regulations are implemented, the moneylenders can still devise new ways to go about that.

    Moreover, it does not solve the fundamental issue as to why the low-income even need to borrow in the first place.

    To effectively deal with the current situation, the solution should not be a piecemeal effort to develop new regulations.

    A holistic plan should also involve uplifting the incomes of the low-income to allow them to earn enough without having to borrow beyond their needs, in addition to the addiction counselling and support provided.

     

    Source: www.therealsingapore.com

  • Two Civil Servants Among Three Arrested In Malaysia For Suspected Links to IS

    Two Civil Servants Among Three Arrested In Malaysia For Suspected Links to IS

    KUALA LUMPUR — Malaysian police said today (Dec 2) that they have detained three men, including two civil servants, suspected of being linked to the militant Islamic State group.

    The detentions bring the number of people held for suspected militant links to 43 this year.

    National police chief Khalid Abu Bakar said the three were detained Nov 27 and 28 in operations in Kuala Lumpur and in northern Kedah state.

    Mr Khalid said in a statement that a 36-year-old suspect had joined militant groups in Syria since Dec 28 last year and returned to Malaysia on April 8.

    Another two, both civil servants in their 20s, were believed to have been channelling funds to several Malaysians who want to go to Syria to join the Islamic State terror group, he said.

    The spread of the Islamic state ideology has worried Prime Minister Najib Razak, who recently warned that it can cause chaos and conflict in the country. He said the government would introduce a new anti-terrorism law next year to combat the security threat.

    No details have been given on the new law, but officials said it may include preventive measures such as detention without trial. Critics have urged the government not to revive the Internal Security Act, which allowed indefinite detention without trial. It was abolished in 2012 as part of political reforms.

    The government said they have identified 39 Malaysians fighting in Syria and Iraq, including five who had died. AP

     

    Source: www.todayonline.com

  • Khaw Boon Wan: Housing Policies Continue To Support Family Formation And Ties

    Khaw Boon Wan: Housing Policies Continue To Support Family Formation And Ties

    National Development Minister Khaw Boon Wan said on Monday (Dec 1) that housing policies will continue to support strong family formation, and more will be done to help extended families live close to each other in 2015.

    In a blogpost, Mr Khaw said in the November Build-To-Order (BTO) exercise, there were several firsts. Firstly, the Housing & Development Board (HDB) launched the first housing project in Tampines North, and with about 1,500 units, it is HDB’s largest offering in a mature estate in a long time.

    “Children growing up with their parents in Tampines can now hope to buy new flats near them,” he wrote.

    Secondly, 56 units of 3Gen flats were offered – the first time these are available in a mature estate such as Tampines. Lastly, MND introduced quotas to make it easier, and offered greater priority, for married children and their parents to apply to live together or close by through the enhanced Married Child Priority Scheme (MCPS).

    Close to 6,000 family applicants have applied to live with or close to their parents and married children through the enhanced MCPS. The enhancements started from November’s BTO and Sale of Balance Flats exercises, which were launched on Nov 25.

    “Not surprisingly, the response to these initiatives was very positive. One in three family applicants applied to live with or close to their parents or married children through the enhanced MCPS,” Mr Khaw revealed.

    “One hundred and twenty-three multi-generation families applied for the 56 units of 3Gen flats at Tampines GreenRidges. The supply at Tampines North was oversubscribed by more than 1.3 times,” he added.

    Property firm ERA Realty said the numbers showed that housing demand for BTO flats has stabilised. “HDB’s move to ramp up the BTO (supply) from 2011 to 2014 has paid off, and it is timely that they slow down the BTO programme for 2015 to about 16,000 flats,” said ERA Realty’s key executive officer, Mr Eugene Lim.

    “By also conducting four BTO launches next year (once a quarter) versus the six BTO launches in the past (once every two months), the resale HDB market could see the return of more buyers and hopefully in 2015, will see an increase in transactions from the expected all-time low resale volume this year of around 17,000 units,” he added.

    For 2015, even more will be done to help families stay close to each other. HDB will launch another 360 3Gen flats, including 150 units in Tampines. It will also launch another 1,200 new flats in Tampines North, giving priority to those whose parents or married children are already living in the neighbourhood.

    HDB will also launch its first BTO project in Bidadari, with over 2,200 units to be put on offer in the second half of next year. Parents or married children currently living in Toa Payoh will get special priority under the MCPS for the Bidadari project, the minister pointed out.

    “Our family is what makes us happy, and that which gives meaning to our life. As 2014 draws to a close, let us be reminded again, to always make time to spend with our family and loved ones, and enjoy life to its fullest,” Mr Khaw said.

     

    Source: www.channelnewsasia.com

  • Christian Cross Dropped From Official Real Madrid Badge To Appease Muslim Supporters In The UAE

    Christian Cross Dropped From Official Real Madrid Badge To Appease Muslim Supporters In The UAE

    Champions League holders Real Madrid have dropped the Christian cross on their official badge in what is reportedly a move to pacify Muslim supporters in the United Arab Emirates, a Spanish sports newspaper said.

    According to daily Marca.com, images of the amended “Los Blancos” badge could be seen on credit cards issued by the National Bank of Abu Dhabi after Real Madrid president Florentino Perez announced on September 12 a three-year partnership with the leading UAE bank.

    The cards, which also function as Real Madrid membership cards, feature the badge with the cross above the crown removed in order to avoid causing offence or discomfort among Muslim customers.

    “I know that the local people experience every match in a special way and that our links with the UAE are constantly growing stronger,” Perez was quoted as saying.

    “This agreement will help the club to keep conquering the hearts of followers in the United Arab Emirates.”

    Real Madrid players Toni Kroos, Karim Benzema, Gareth Bale and Dani Carvajal were present at the announcement of the partnership.

    The report added that the crest has not been altered outside the region. – December 1, 2014.

     

    Source: https://sg.news.yahoo.com

  • Stepping Into The Shoes Of A Taxi Driver

    Stepping Into The Shoes Of A Taxi Driver

    On my fourth day as a taxi driver, I drove for six hours at night with just one five-minute toilet break.

    It was past midnight when I headed home and absent-mindedly got into the wrong lane at the junction of Bishan Road and Ang Mo Kio Avenue 1. The traffic lights turned green and I took off, almost hitting another taxi.

    When I got home, my wife greeted me with a hug and said: “You have the taxi driver smell.”

    “It is the smell of hard work,” I said. It was the odour of being cooped up for hours in stale air. I didn’t mention my near accident.

    I have always been fascinated by cabbies. As a manpower reporter, I have interviewed numerous drivers, yet there remained so much I did not know about them. Topmost on my mind as I embarked on a two-week stint as a cabby were these questions: How hard is it to be a cabby? And how much can a cabby earn?

    So my SMRT cab, a Toyota Prius with the registration number SHC4123S, became my second home for 10 to 12 hours a day. I split a typical day into two, plying the roads from 6.30am to 11am, and from 5pm until I was too tired to go on.

    Every morning I would head first to Serangoon North or Ang Mo Kio housing estate, near my home. There are always passengers going to work from Housing Board estates.

    After that, there was no telling where I would end up.

    I thought I knew Singapore well, but my stint as a cabby took me to places I never knew existed. I picked up passengers from obscure spots like a sprawling offshore marine base in Loyang, and Punggol Seventeenth Avenue in an area that somehow doesn’t have Avenues One to Sixteen.

    I discovered that Tampines housing estate is so huge it is sandwiched between Tampines Expressway and the Pan Island Expressway, and is accessible via no fewer than seven expressway entrances and exits. I found myself in Tampines almost every other day during my cab driving stint.

    Lessons from passengers

    On Day 1, my first passenger was a man in his 30s, dressed in a blue long-sleeved shirt and black trousers.

    He got into my cab at 6.50am along Ang Mo Kio Avenue 9 and said: “Pandan Crescent, go by Upper Thomson, Lornie, Farrer, AYE.”

    Those were the only words he uttered and he kept his eyes locked on his smartphone for the rest of the journey. He did not notice that in my excitement at picking up my first fare, I had forgotten to start the meter until about seven minutes into the trip. His fare was $23.73 and I must have saved him about $2.

    He gave me a hint of what was to come – that most passengers prefer to be left alone.

    The rest of that day took me to Changi Airport, Bedok, Pickering Street, Alexandra Road, Amoy Street and Upper Bukit Timah Road in the morning. That evening, I went to Serangoon Road, Mount Vernon Road, Yishun, Woodlands, Sembawang Road, Tampines, Bedok, Bishan and Paya Lebar.

    All my passengers were people who flagged me on the street. I was not confident enough to respond to radio bookings, which would have needed me to reach the pick-up point within five, seven or nine minutes of a call. So I ended up cruising empty most of that day, with the longest stretch of over an hour in Woodlands.

    My best passenger was a woman in her early 40s who got into my cab along Alexandra Road. I chatted with her and eventually revealed that I was driving the cab for charity. She handed me $12 for her fare of $11.18 when she reached her Amoy Street office and said: “Keep the change.”

    The worst experience was after I picked up a woman at Khoo Teck Puat Hospital in the evening. She wanted to go to a condominium in Jalan Mata Ayer, off Sembawang Road, which I was unfamiliar with. She was from Myanmar, and I misunderstood her directions, given in halting English. When I took a wrong turn, she let fly with a rebuke in Myanmarese. The taxi meter showed $9.44 but I said she could pay just $8. That pacified her a little.

    My first day ended at midnight when I pulled into my regular Caltex petrol station in Lorong Chuan to refuel and wash the cab. My usual car washer Zainal did not recognise me until I waved at him – twice. “Times are bad huh? You started driving taxi part-time?” he asked.

    I was too tired to explain. I had driven 246km and taken 14 people on 13 trips. My takings, after deducting petrol cost, taxi rental and $4 for washing the cab, came to just $29.66 for 12 hours’ work.

    Thankfully, things got better over the following days. I kept to the same work routine except on weekends, when I drove from noon to midnight.

    By the end of Day 2, I had fine-tuned my greetings to these:

    “Good morning, Sir!”

    “Good evening, Madam!”

    “Heading to work, Sir?”

    “Going shopping, Madam?”

    “You’re going to work early, Sir!”

    “Long day at work, Madam?”

    If the passenger did not reply or uttered only a monosyllabic answer, I took it as my cue to be quiet and to just drive.

    Passengers travelling in groups tend to ignore the cabby, talking among themselves as if you are not there. So I couldn’t help overhearing people complaining about the Government, and workers complaining about their bosses. A young couple having a tiff complained about each other all the way from Sembawang Shopping Centre to Toa Payoh Lorong 1. “I am breaking off with you,” yelled the woman as she stormed off.

    There were some passengers who, literally, made me feel sick.

    Like the young woman I picked up in Jurong East who coughed and sneezed all the way to Choa Chu Kang. When it came time for her to pay, I hesitated when she handed me the money. After she left, I sprayed the cab generously with the Lysol disinfectant I kept in the cab’s glove compartment.

    Then there was the man who sounded like he was from China. Getting into my cab near Bugis Junction, he burped. And burped. And burped. It was obvious that he had just eaten “ma la huo guo”, or spicy steamboat, for dinner.

    An elderly man who got into my cab in Coleman Lane, at the Grand Park City Hall hotel, wanted me to reverse about two car lengths back into Coleman Street to avoid going round the block so he would save 30 cents.

    In Chinatown, a man heading for South Bridge Road told me to take a “short cut” through Temple Street from New Bridge Road. I did, only to find traffic at a standstill along Temple Street – and that was when he paid up and jumped out, leaving me stuck for 15 minutes.

    I have to say something about people who eat in taxis. While drivers cannot stop people from eating in their cabs, most dislike it because of the smell and the mess left behind. Thankfully I met only one passenger who ate on the go. The young mother insisted on feeding her toddler biscuits despite my asking her not to eat in the cab.

    “The boy is hungry,” she insisted.

    They left such a mess that I had to spend 30 minutes and more than half their $8.30 fare to have the cab cleaned at a petrol station.

    My most unpleasant ride of all was with a woman in her 50s who complained non-stop about my driving from Tagore Industrial Park to Yishun Avenue 3. Her beef was that I drove too slowly and braked too hard.

    “You are a new driver and it is my bad luck getting into your cab,” she ranted. “I was planning to buy 4D but I will not, because it is bad luck meeting you.”

    I just bit my tongue.

    But my worst passengers were the ones I never met. They were the people who made taxi bookings, then failed to show up.

    On a rainy Wednesday morning I was in Telok Blangah Way when I accepted a call booking for Delta Avenue, and headed there rightaway. It took five minutes and I passed more than five passengers trying to hail cabs in the rain. When I got to the pick-up point, the passenger was nowhere to be found.

    It was one of three “no shows” I encountered during my stint. Taxi drivers are helpless when this happens.

    Each day, however, I would meet at least one or two passengers who stood out by being pleasant, saying “please” or “thank you”, or making conversation that helped to make a lonely job less monotonous.

    I took three British Airways pilots from Mandarin Hotel in Orchard Road to the Esplanade, where they were going to have supper at Makansutra Gluttons Bay. When we got there, they invited me to join them. “C’mon, take a break,” one of them said, and he meant it. I declined because I was just too tired.

    A teacher and an architect who spoke with me long enough to learn I was a reporter on assignment and that all my earnings would go to charity paid me in $50 notes and told me to keep the change – which added up to $43.

    A passenger I took from the Botanic Gardens to Battery Road sent SMRT an e-mail complimenting me, saying: “I feel that he really went the extra mile to provide a comfortable journey for all his customers and I am really impressed. Thank you, Uncle!”

    It made my day.

    As my days of being a cabby progressed, I found that my earnings were decent, if not very high.

    The most I earned in a single day – after driving 12 hours and deducting what a cabby usually pays for taxi rental and fuel – was $141. It would mean a monthly income of more than $4,000 if every day was like that and I worked a full month. My typical daily takings were between $90 and $100, or about $3,000 a month, and even that would call for driving 10 to 12 hours a day, with no day off.

    The median gross monthly income of Singaporeans and permanent residents in June this year, excluding employers’ CPF contributions, was $3,276.

    My stint was too short for me to befriend other cabbies at coffeeshops, but I managed to pick up some secrets of the trade.

    • It’s easy to get passengers in the morning when people are heading to work from HDB estates.
    • To earn $3 more in the evening, go into the CBD and pick up passengers while the CBD surcharge applies from 5pm to midnight. Sorry, but people waiting just outside the CBD will have to just keep waiting. Even inside the CBD, cabs will be scarce just before the surcharge hours begin.
    • Heartland towns like Woodlands and Sembawang offer slim pickings in the evenings, because residents hardly go out then. But hospitals everywhere are good places to find passengers, especially after evening visiting hours.
    • Overall, demand for taxis far exceeds supply during the morning and evening peak hours, so a cabby who is disciplined about driving during these periods can earn a decent living.

    There are downsides as well.

    The long hours on the road affected my sleep, and most nights I slept barely six hours. By Day 3, I was resorting to taking two Panadols before hitting the road.

    Backaches were a frequent bother, from sitting so long.

    Cabbies need toilet breaks, and the most convenient stops are at petrol stations. I found that many do not have soap, and at a Geylang petrol station, the toilet has no door.

    There are simply no convenient public toilets in the Orchard Road area for taxi drivers, but I discovered that the Ba’alwie Mosque off Dunearn Road lets cabbies use its toilet. I blessed the good people of the mosque when I needed to go desperately one night.

    My cab-driving days ended on Day 11 of my stint. It wasn’t a good day for me.

    Early that morning the 16-year-old schoolboy in my cab was late for school and begged me to drive faster. I relented, stepped on the gas and ran a red light at 6.47am. Instantly, there were two camera flashes and I knew I had been caught by the traffic light camera. That meant $200 gone in less than a second – my earnings from about 18 hours of work!

    But that wasn’t why I stopped driving. The trouble had begun two days earlier, when I discovered I’d developed a haemorrhoid from nine days of sitting for hours. I learnt that haemorrhoids are a common ailment among cabbies, along with backaches and high blood pressure.

    The pain had become unbearable, so I decided to end my cab-driving experiment three days earlier than planned.

    A month later, the traffic summons arrived. I hoped the Traffic Police would be sympathetic, but my appeal drew a swift rejection and a chiding: “Make a conscious effort to comply with traffic rules and regulations which are made for your own safety and that of other road users.”

    Looking back, I still wonder why even passengers much older than me called me “Uncle”. It seems that if you drive a taxi in Singapore, you’re everyone’s Uncle or Auntie.

    I returned the cab to SMRT after clocking 2,739km, having earned $2,294.60 for charity and gaining a newfound respect for taxi drivers.

     

    Source: www.straitstimes.com

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