Tag: cost of living

  • Singer Sheila Majid Got into Trouble Because Of Her Tweet…

    Singer Sheila Majid Got into Trouble Because Of Her Tweet…

    Umno information chief Tan Sri Annuar Musa says that iconic singer Sheila Majid, who tweeted about the rising cost of living, was mistaken.

    The Barisan Nasional Backbenchers Club portal reported Annuar as saying that much of what Sheila said was not true.

    “A lot of it is wrong, because this is not her field,” said Annuar.

    However, he said that he respected the views and responses of the rakyat and would have a positive attitude about it.

    “We must respect the voices out there, we must give them our attention, and the Government must be positive about it,” he said.

    On Tuesday, Sheila tweeted her disappointment about the rising cost of living which many Malaysians are facing.

    “Food is expensive, the ringgit is weak, the cost of living is high and jobs are scarce,” read part of her tweet.

    Sheila also said that many Malaysians want the Government to focus on getting the country back on track.

    Earlier Wednesday, Puteri Umno executive committee member Khaidhirah Abu Zahar took a jab at actress Fathia Latiff at the Umno annual general assembly here.

    “If she really wants to talk about the struggles of the people, then go on the ground like Puteri Umno. If she just wants to simply type words using her smartphone, then there’s no need,” said Khaidhirah.

    “There’s no need to meddle in government affairs,” Khaidhirah said in her speech at the assembly.

    In a recent Instagram post, Fathia had posted a tribute to former prime minister Tun Dr Mahathir Mohamad, saying that his contributions to the country seemed to have been forgotten.

  • Many Expats On Localised, Perk-Free Packages

    Many Expats On Localised, Perk-Free Packages

    Some people assume that Western expats get luxurious perks and lead a glamorous lifestyle here but two of them say the reality can be different.

    Ms Elaine Young, 43, left Scotland 12 years ago to be a writer here.

    She buys her groceries at NTUC FairPrice and her clothes from Uniqlo, and eats at hawker centres near her Tiong Bahru rental apartment.

    Ms Young says: “I wish I could walk into Burberry and buy anything I want but the reality is I wear basic clothes like an average person here.”

    She did not imagine the cost of living here to be so high.

    .

    PHOTO COURTESY OF ELAINE YOUNG

    And she did not know she had the option of renting an HDB flat since property agents serving expats here often recommend private properties.

    “Had I known about renting HDB flats then, my husband and I would have done so to save more money,” she says.

    She and her husband, who is an Asia Pacific sales director with IHS Energy, pay about $6,500 a month for their three-room apartment.

    SAFER

    Apart from the haze and high cost of living, Ms Young says: “I’ve never felt safer and the people here are lovely.”

    She has made many local and expat friends, and they organise outings and dinners for the weekends.

    Ms Young intends to move back to the UK to look after her mother in a few years.

    She says: “We love living here but are well aware that we are guests in the country. It’s home now but not forever.”

    Thirty-year-old Dane Jesper Rasmussen, an operations manager in a shipping company, says he usually eats at hawker centres.

    He jumped on the opportunity to work in Singapore the moment he saw his company post the opening and has been here for more than two years now.

    Mr Rasmussen had another motivation to move here: His girlfriend, whom he met in Denmark, is a Singaporean.

    She was stationed in Denmark for three years in the same shipping company.He had never been to Singapore although he travelled around South-east Asia over a few years before his move here.

    So, the high cost of living here came as a surprise to him, especially since his experience with South-east Asia mainly involved Laos, Cambodia and Myanmar.

    MOST EXPENSIVE

    Singapore is the world’s most expensive city, according to research by the Economist Intelligence Unit this year.

    During the first three months alone in Singapore, Mr Rasmussen overspent because he did not know about hawker centres and cheaper supermarkets.

    His girlfriend returned from Denmark and took him to hawker centres and food courts, showing him ways to save money.

    He says: “It’s great to have someone local to show me around. Had it not been for her guidance, I would still be spending a lot of money on the wrong things.”

    He rents a two-room condominium unit in Farrer Road and pays about $3,400 a month.

    Mr Rasmussen says that sometimes it is hard to adjust and make new friends as an expat because people know that he won’t be here for long.

    “Many have their own groups of friends and sometimes it’s hard for them to invest time in a person who will leave.”

    Both Ms Young and Mr Rasmussen have noticed expats switching to localised packages to secure a job here. They also say that many expats here do not live a life of luxury.

    “Like Singaporeans, each individual earns a different amount of money and leads different lifestyles,” says Mr Rasmussen who spends his weekends visiting his girlfriend and her family in Woodlands.


    I’ve never felt safer and the people here are lovely.

    – Ms Elaine Young from Scotland has been working here for 12 years


    Like Singaporeans, each individual earns a different amount of money and leads different lifestyles.

    – Mr Jesper Rasmussen, who is working as an operations manager in a shipping company

     

    Source: www.tnp.sg

  • $5 Chicken Rice At Food Court – Too Expensive?

    $5 Chicken Rice At Food Court – Too Expensive?

    Letter to The Online Citizen:

    Photo of chicken rice tall in Greenridge Kopitiam
    Photo of chicken rice tall in Greenridge Kopitiam

    I spotted this chicken rice stall in the Kopitiam food court in Greenridge Shopping Centre which sells chicken rice for $5.00.

    How unaffordable, how unbelievably expensive this plate of chicken rice is!

    Yet, this is one of the few options left in that Kopitiam food court, as many other stalls are empty, too.

    I care about food costs. They make up a substantially large amount of our day-to-day spending.

    Food costs are supposed to make up roughly around 22 per cent of our cost, if defined under the Department of Statistics Consumer Price Index weightage .

    Low-wage workers, making up 10 per cent of our population, earn less than $1,100 as defined by the National Wages Council.

    For these people, there are times when dining out is necessary because of various reasons.

    However, $5 is definitely unaffordable. The average price of a main dish should be around $2.50 or so. Factor in the costs of running an air-conditioned eatery, and you should get around $3.50 for chicken rice in food courts.

    Indeed, $3.50 was the original price of the chicken rice three months back. But since then, prices have shot up to $5.00, as seen in the photo.

    At the nearby new Bukit Panjang Hawker Centre, food is sold at more affordable prices for residents, especially those in great need.

    With the new hawker centre, there will be a substitution effect, where the stalls will move from Greenridge Shopping Centre to the new hawker centre, leaving the Greenridge Kopitiam food court empty. It would impact Bukit Panjang residents.

    Kopitiam, the food court operator, could afford to hold out on rentals and not budge.

    It may be a business decision to leave the stalls empty to maintain high rents in Greenridge Kopitiam, but to residents around Greenridge Shopping Centre, it would mean having no affordable food options in the HDB-run shopping mall.

    I hope the relevant parties will look into the matter and think of better solutions for Bukit Panjang residents staying nearby who look for more affordable food in the shopping centre.

    Timothy Todd

     

    Source: www.theonlinecitizen.com

  • Prediction Of More Misery Should PAP Win

    Prediction Of More Misery Should PAP Win

    The PAP often tells us to look at their track records. Well I have, and I am pretty confident that I have a pretty good idea of what they are doing, or their lack thereof for that matter.

    Truth be told, looking at the track record of the voters in Singapore, the PAP stands a high chance of winning.

    I have compiled a list, of what citizens should expect, should the PAP win the mandate, and be allowed to continue their reign unopposed for another 5 years.

    Keep in mind that while these are mostly speculations, they are based on the track record of the PAP. Feel free to disagree with hit.

    Here is the list:
    1) Primary focus of the government to be on the economy-
    2) More foreigners will come in-
    3) Population will eventually hit 6.9 million and beyond-
    4) GST will rise again-
    5) More sponsoring of free scholarships to foreign students-
    6) More investments to foreign countries from government-owned institutions, using state-controlled funds-
    7) More spending on celebrations and public events-
    8) More exorbitant housing prices-
    9) More mandatory insurance plans that you have to pay for-
    10) Even higher public transport costs-
    11) Press freedom index ranking will drop even lower-
    12) More unopposed unilateral one-sided decisions in parliament-
    13) More politicians suing ordinary citizens-
    14) More unexplained revocation of patents-
    15) More government organizations applying for protection from harassment act-
    16) More unfair use of NSFs-
    17) More mudslinging from the ruling party-

    And here are the details. Be warned, it is long.

    1) Primary focus of the government to be on the economy-

    Regardless of the claims by word-of-mouth, the goal and aim of the government had always been clear: the Economy. Boosting the economy at all costs has always been their objective, and will continue to be so.

    2) More foreigners will come in-

    The PAP has made it crystal clear, they will not stop the inflow of foreigners, they will merely slow down the inflow.

    It’s like you’re fast approaching the edge of the cliff, but the driver chooses to decelerate instead of braking hard.

    These foreigners may indeed boost the economy. But the large numbers also pose a problem for citizens, as these foreigners will be competing with the true citizens for resources, which include jobs, housing, public transportation, and even basic necessities.

    3) Population will eventually hit 6.9 million and beyond-

    You have to ask yourself, of these 6.9 million, how many of them will be true Singaporeans? Do we have the necessary infrastructure and resources to support a 6.9 million population?

    If the answer is yes, then you have absolutely nothing to worry about!

    But I suggest you take a look at our MRT stations, our HDB queues, our foodcourt and hawker-center crowds, our school balloting, and think carefully first.

    4) GST will rise again-

    Going by the PAP track record, there is a very high likelihood that GST will eventually rise again. I personally estimate this at 9%, though some say it will be higher.

    5) More sponsoring of free scholarships to foreign students-

    A recent report say that in recent years, at least 20 million a year is funded to give foreign students free scholarships. The exact figures of the total amount spent so far for foreign scholarships is unclear.

    The PAP has also made it clear that they will not stop funding foreign students with free scholarships.

    Personally, I think that 20 million is a lot, and this money could have been better spent on our own citizens. But what the hell do I know? PAP knows everything, so throw out your encyclopedias, and never visit wikipedia again.

    6) More investments to foreign countries from government-owned institutions, using state-controlled funds-

    http://www.wsj.com/articles/SB124350003544761935
    https://www.youtube.com/watch?v=7qFUDmsFTYk

    In spite of the claims made by local media bragging about the huge profits made, many reports I have read talked about the billion dollar losses made by Temasek Holdings.

    Personally, when I read about this, the first few questions that come to mind are:
    Who authorized Temasek Holdings to invest money in foreign companies?
    Why is no one punished for the screw-ups?
    The money that is lost to bad investments, who does it belong to?

    Even now, Temasek Holdings and the GIC is adamant about taking state-controlled funds to invest in foreign organizations. My question is this, who authorized the government to use these funds for foreign investments?

    And till now, do we even know the true source of this money? I mean, it has to come from somewhere, right? Do we even know where did the money that was lost to bad investments, come from?

    I really don’t understand why this money needs to be invested elsewhere, or why it even needs to be invested at all. Why can’t this money be used to invest in Singapore itself?

    When the Singapore government chooses to invest state-controlled funds to invest in foreign organizations, it really shows how much confidence they have in our own country.

    7) More spending on celebrations and public events-

    Without a doubt, more money will be spent on events similar to SG50 celebrations. More events like the YOG will be held.

    The YOG was grossly overbudgetted, with no one punished for the oversight. But the good news is that the government learns from their mistakes. So this year, in the SEA Games, the organizers outsourced for free volunteers instead of paid workers. That greatly reduced the costs for manpower. The plan was so simple yet so brilliant, I can’t help but be amazed. Why pay for workers when you can get them for free?

    To quote a line from the Noose:
    If the government can spend so much money on two useless pandas, they must be treating the people really well!

    Obviously, more money should go into such events, and NOT social spending. Having more money on social spending will lead citizens to have a clutch mentality and cause them to be dependent on government handouts.

    Right?

    8) More exorbitant housing prices-

    Someone once claimed that you can own a hdb flat with $1000 per month salary.

    Seriously?

    I’m not going to call that bullshit. But to me, it sounds like I’m looking at some kind of fringe science, where the professor draws a few impossible calculations using extreme numbers from improbable events, and presents to us the argument that something thought to be virtually impossible, is actually in fact possible.

    I’m definitely not the most mathematical oriented person. But do you honest believe that you can own a hdb flat with 1k salary?

    Let me use an example. Suppose you are an ordinary worker earning a modest $1,500 a month, trying to afford a $240,000 3 room flat. Let’s assume that you eat grass and pump every cent you earn, including your CPF, into your flat payment. It will take working at least 13+ years, just to pay off your flat alone.

    And let’s not forget the 2.6 compounded interest rates from HDB. Every year, you have to pay $6,240, just for the interest. It will reduce if you can pay, otherwise, it will snowball. How much of your salary per year do you have to sacrifice, just to pay off the interest itself?

    And on top of that, let’s not forget the fact that you DON’T actually own your flat. You rent it for 99 years. At the end of 99 years, you lose it, with NOTHING refunded back to you.

    Some people argue, HDB flats will never last 99 years, you will be moved by the government after 40 years of staying, and they will pay the rate of the remaining lease. Well that still means you don’t actually own it. Hello? When the government moves you, you think that the government is going to give you your flat for free?

    Like it or not, every year you live in your flat, you lose 1/99 of it’s value. So every year, you rent it for $2,424. And for some reason, you still have to pay land tax.

    I’m no expert on this, so feel free to correct it if you have more accurate numbers.

    The PAP claims that it is possible to own a flat with only $1k salary, and boasts of a high home-ownership ratio (99-year “ownership”) on a global scale. By all means, feel free to believe them.

    9) More mandatory insurance plans that you have to pay for-

    The PAP has already decided that you will pay for CPF Life and Medishield Life. It doesn’t matter what your opinion is. It’s been decided.

    10) Even higher public transport costs-

    Even when oil prices were dropping, and SMRT was earning record high profits, the transport fares were raised, citing a reason like “opportune time”.

    Just before elections, fare prices were announced to be dropped. But god knows how soon the next fare hike will hit us.

    It’s common knowledge that if you wish to encourage use of public transport, and improve traffic conditions, you should raise the price of private transportation, but reduce the price of public transportation. But the government, being the genius that it is, decided to raise both public and private transportation costs.

    I guess this means that the message they are trying to send us is, “Don’t go out. Stay home and sleep!”

    11) Press freedom index ranking will drop even lower-

    The PAP has already made it clear that they don’t care about the press freedom index.

    The unnamed person-in-charge said the following line:
    We manage our press, our media and our freedom of information in a way that makes sense for Singapore.

    The very same person also claims that the very same newspaper is “credible, balanced, and objective”.

    WTF……

    12) More unopposed unilateral one-sided decisions in parliament-

    When the PAP proposes a bill, it is as good as approved. No matter what kind of decision the PAP makes, the bill will be passed successfully unopposed.

    One of the most recent bill passed was about ISEAS, where only the ministers will be able to appoint board members, while the President and the other organizations will not be able to do so.

    This bill was piggy-backing on the proposed bill to honor Yusok Ishak…. I meant, Yusof Ishak.

    Of course, the WP rejected with all their might, but the bill was still passed.

    You would think that if they really wanted to honor the late president, they would actually learn to spell his name right….

    You can be sure to expect more one-sided unilateral decisions made if the PAP wins.

    13) More politicians suing ordinary citizens-

    In the past, PAP ministers would use defamation lawsuits on their political opponents.

    Prime Minister Lee Hsien Loong took it a step further, and decided to sue an ordinary blogger.

    At the rate this is going, you can expect secondary and primary school students to be sued too.

    If you feel that an internet posting has defamed you, one of the first recourse is mediation. The legal recourse should only be used as a last resort.

    You see, it’s one thing to preach about a gracious and forgiving society. It’s another thing to be a gracious and forgiving person.

    14) More unexplained revocation of patents-

    If you have a patent that results in a conflict with the government’s interest, your patent does not exist.

    Dr Ting Choon Meng has a valid patent for medical vehicles as of 2005. In 2009, Mindef, instead of seeking recourse to contest or dispute the patent, they blatantly ignored it and produce their own.

    In a lawsuit that latter ensued, the court of law revoked the patent owned by Dr Ting in 2014. This is despite the fact that the proper procedure of contesting a patent not being used, and no evidence supporting the revocation was ever seen.
    http://www.ipos.gov.sg/Services/HearingsandMediation/ProceedingsatIPOS/P…

    To add insult to injury, Cyberpioneer issued the following arrogant public statement:
    Respecting Intellectual Property means honouring patents that are valid, not protecting those that aren’t.

    So let me get this straight. In 2009, Cyberpioneer could tell the future, and knew that the patent will be invalidated in 2014?

    Oh, one more thing. Did you know that you cannot apply for a patent in another country, without asking for permission first?
    http://www.ipos.gov.sg/AboutIP/TypesofIPWhatisIntellectualProperty/Whati…
    One can only wonder what the basis of that is.

    15) More government organizations applying for protection from harassment act-

    A government organization applying for protection from harassment from an individual, is possibly the stupidest thing I can think of. And yet it happened.

    It’s almost as if these people are challenging us to think of what is the most asinine thing they can possibly do, and they actually make it happen.

    These guys never fail to amaze me at whatever they do.

    16) More unfair use of NSFs-

    The LTA recently announced that NSFs can be mobilized to help SMRT in the event of an MRT breakdown.

    I have absolutely no idea how the LTA has authorization over Mindef to help a private company like SMRT. There must be some kind of grand logic here at work.

    17) More mudslinging from the ruling party-

    It is said that if you live in a house of glass, you shouldn’t throw rocks.

    Well the PAP doesn’t care. They keep attacking the WP for the lapses, even though their own management has lapses highlighted by the Auditor General Office.

    In one of the latest saga, Mr Tharman relentless carried on his attack on the WP. Despite the other problems found by the AGO, Tharman claimed that “The house is safe and there is no question whether public monies are fully accounted for.”

    Instead of correcting his own problems, he decided to attack WP for theirs. A typical rock-throwing kind of behavior.

    Conclusion:
    This is by no means an exhaustive list. But I have been paying attention to the PAP’s actions long enough to know how they handle things. Feel free to disagree if you think such things will never happen.

    Source: http://sgkbwarrior.livejournal.com

  • Are You A Sandwich-Class Singaporean?

    Are You A Sandwich-Class Singaporean?

    Heard of the term sandwich class? The ‘sandwich class’ is an informal term coined to describe those in Singapore who live comfortably (not poor) but are ineligible to purchase HDB housing, and unable to afford private housing as well.

    In short, it describes people in the middle income class, mostly those who occupy the 30th to 70th percentile income group in Singapore.

    Due to rising costs of living, this group increasingly needs support, not just in terms of housing, but in other areas as well. For instance, those who are in the ‘sandwich generation’ also face the problem of dependency from their aging parents as well as young children.

    Luckily, the government recognises this problem and has introduced various measures to help the sandwich class, especially since this year’s National Day Rally.

    If you belong to this group of people, GET.com lists some measures and suggestions that can help you optimise the help rendered by the government:

    1. Buying Your Own Home

    One of the key measures to allow the sandwich class better access to public housing was the increase of the income ceiling limit. The household income ceiling, which currently stands at $10,000 for new HDB flats has been increased to $12,000.

    A similar increase was seen for executive condominiums (EC) as well, with the new income ceiling now at $14,000. The policy changes are specifically targeted to help the sandwich class since a household income of less than $10,000 doesn’t quite qualify as a working class income.

    The Special Housing Grant (SHG) has also been made easier to qualify. Previously, the SHG was only available to households with earning under $6,500, but has now been extended to those who earn under $8,500 per month.

    According to Department of Statistics in Singapore, our median household income last year was at $8,292, which means that most people will qualify for the SHG.

    2. Help For Childcare Expenses

    Other than tackling the problem of home ownership, a big problem Singapore faces is the low fertility rate.

    As it stands, we have been producing under replacement rate since 1977.

    To help parents defray the costs of raising children, the government has introduced the now infamous Baby Bonus Scheme and the Child Development Account (CDA) which matches savings by the government.

    In the latest update, the Baby Bonus has been increased again – an extra $2,000 for each child, and an extension of baby bonus for fifth child and beyond.

    This means that the first and second child will now get an $8,000 cash gift, while subsequent babies get $10,000 each. Parents can use these money to pay for your children’s education and medical costs.

    It was also announced during the 2015 National Day Rally that there will be an increase in Medisave grant for newborns, so there’s help for the increased premiums for the upcoming Medishield Life.

    Other than these measures, Singaporeans can definitely help themselves by ensuring that they plan for their future with careful financial planning.

    These include having enough savings, managing their household debts and also ensuring they are adequately covered by health insurance.

     

    Source: https://sg.finance.yahoo.com