Sunday, May 31, 2020

REACH - 92. Difficulty faced by hawkers and seniors in digital payment (SK)
01 Jun 2020 (12pm - 8pm)

REACH
[12:04 pm, 01/06/2020] : ⏰ Our chat will be open till 8pm today ⏰
πŸ“’ Topic πŸ“’
The formation of the SG Digital Office will drive the Government’s concerted new push to accelerate digital adoption in our community, as Singapore embarks on a phased economic recovery post COVID-19.
Said Minister Iswaran: “COVID-19 has irrevocably changed the way we lead our lives. While some of us have been able to make the necessary adjustments to work, learn or socialise from our homes because we are digitally connected, that is not the case for some of the elderly and vulnerable amongst us. Their lives can be better if they too are as digitally connected. The Government recognises that in the wake of COVID-19, digitalisation is now both an imperative and an opportunity.
“Digitalisation can significantly improve the lives and livelihoods of our people. We are therefore seizing the moment, by establishing the new SG Digital Office and doubling down on our efforts to help every individual, worker and business go digital. For a start, SDO will recruit 1,000 Digital Ambassadors to help stallholders and seniors go digital. Working with like-minded members of the community, corporate entities and individuals, SDO will drive Singapore’s national digitalisation movement, to ensure that everyone has a place in Singapore’s digital future”.
To ensure everyone has a place in Singapore's digital future, what do you think are the challenges faced by seniors and stallholders in going digital?
πŸ‘‰https://www.channelnewsasia.com/news/singapore/1000-digital-ambassadors-recruit-help-stallholders-seniors-12789146
πŸ‘‰https://www.straitstimes.com/singapore/new-sg-digital-office-to-encourage-digitalisation-among-seniors-and-hawkers
πŸ‘‰https://www.imda.gov.sg/news-and-events/Media-Room/Media-Releases/2020/New-SG-Digital-Office-Established-to-Drive-Digitalisation-Movement
+65 8637 2164 changed this group's settings to allow all participants to send messages to this group.

[12:06 pm, 01/06/2020] : πŸ“’ Topic πŸ“’
To ensure everyone has a place in Singapore's digital future, what do you think are the challenges faced by seniors and stallholders in going digital?

---

[1:26 pm, 01/06/2020] ☸️  Danny εΏƒ:
(1) Many hawkers, retailers and supermarkets have not adopted PayNow SQ QR code mWallet.
So even customers with mWallet cannot used cashless mode of payment.

(2) I come across a mee stall that use QR code, but when scan on it - it say unrecognisable QR code --- seems like the QR code is not the universal SQ QR code - and got to pay in cash.

(3) So the 1st step is to get hawkers and retailers to adopt the mWallet Paynow SQ QR code first.
- Incentives to the hawkers and retailers to adopt the mWallet - like cash incentives offer in the Fortitude Budget will entice hawkers and retailer to adopt.
- Technical helps for the installation and teaching the retailers and hawkers how to use it is necessary to overcome the technology adoption.
- Employing the 1,000 mWallet ambassador to get hawkers and retailers to deploy the mWallet will help in deployment.
- Those hawkers and retailers who refused to deploy will feel left out and tell them the likely outcome --- the fear that customers will not patronise their stalls if they don't adopt --- as customers are getting used to use smartphone mWallet rather than use cash.

(4) Only upon mass adoption by majority of the hawkers and retailers --- can the mWallet ambassador start coaching session, incentives to get smartphone for elderly - on the use of smartphone to make payment, scan SafeEntry, do whatsapp, do video conferencing, surf internet etc.

---
[12:07 pm, 01/06/2020] : The lowly educated seniors will still have tremendous difficulties even with assistance as when there is a problem,  they will always fell feel frustrated and dependent on help.
 changed the group description. Click to view.
[12:30 pm, 01/06/2020] : I would rather view it from the perspective that can digital tech be made easy enough for everyone to understand and use?
[12:31 pm, 01/06/2020] : I have been on work trip before to China, a country with general literacy rate lower than ours. However, their elderly knows how to use bar codes and online shops to purchase needed products, or to setup their own small stalls
[12:32 pm, 01/06/2020] : Subsidize smart phone for the needy. To recognized it as a basic needs.
[12:32 pm, 01/06/2020] : When it is hard to buy anything with cash, you will be force to learn
[12:40 pm, 01/06/2020] : In China everything is just via WeChat so essentially they only need to adapt and learn on 1 platform. But in singapore it's not as straightforward, as different merchants are registered with different platforms.
[12:40 pm, 01/06/2020] : Even their beggers use QR codes. Somehow we always assume our elders are too stupid to learn anything new
[12:47 pm, 01/06/2020] : If customers encounter problem with technology hawkers usually don’t know how to help. Many find technology a hindrance or annoyance when it doesn’t work.
[12:48 pm, 01/06/2020] : I think our digital payment system is too fragmented - we got grabpay, razer pay, fave pay etc
[12:50 pm, 01/06/2020] : Some entry level smartphones aren't that expensive actually. There are some basic Xiaomi phones that are really not expensive. It's just that the advertising has always gone into the high end phones and that might give them the impression that all smartphones are expensive.
[12:50 pm, 01/06/2020] : Yes I agree!
[12:50 pm, 01/06/2020] : The banks have digital payment platforms. Why not leverage their vast resources to help with a seniors training programme. Open days at the branches etc. Most people are familiar with their banks and seniors prefer in person training.
[12:52 pm, 01/06/2020] : ya, I saw alot of elderly Q outside at the banks
[12:52 pm, 01/06/2020] : long Q
[12:52 pm, 01/06/2020] : Agree
[12:54 pm, 01/06/2020] : To ensure everyone has a place in Singapore's digital future, what do you think are the challenges faced by seniors and stallholders in going digital?

Other than Ambassadors, seniors and stallholders would need a smart phone first. Provide them with a low-cost one or voucher for them to redeem one.

Secondly, for cost wise, not many stallholders or seniors will be willing to pay an additional premium for usage of these payment platforms (some SMEs actually charge the cost of NETS payment back to customers ahem Sim Lim ahem) so it's counter-intuitive if this is going to be the case as customers will want to pay in cash instead to save up on the additional charges.

Lastly, if you can provide a device, little to no cost for using the platform, the next hurdle will be prevalence. This will ultimately take some time as society accepts the convenience and ease, of using the digital platform. Get pass the first two hurdles and this last one is easily tackled by offering discounts.

My 2.14 cents
[12:55 pm, 01/06/2020] : Yes- this needs to be at no cost for transactions. The banks save money but not processing cash so should be cost neutral to them.
[12:56 pm, 01/06/2020] : Heh... It's more than just Sim Lim... I think NETS does impose a charge for their terminal, and apparently it's not cheap. Some of the hawkers have said that it's not worth their sales margin to adopt cashless .
[1:00 pm, 01/06/2020] : Even China beggars use QR code for begging.
[1:03 pm, 01/06/2020] : Yes
[1:03 pm, 01/06/2020] : there's cost associated with the digital platform as someone needs to pay for the maintenance of the servers and application
[1:04 pm, 01/06/2020] : yes hence the resistance
[1:04 pm, 01/06/2020] : I was stun, when 1 shop say NETS got to pay extra charges but grabpay no need
[1:04 pm, 01/06/2020] : why do i want to pay more for something that's not necessary
[1:04 pm, 01/06/2020] : I wonder is it they mixed up between the 2
[1:06 pm, 01/06/2020] : These apps don't put up front all their conditions so have to read the fine line if it's there!
[1:07 pm, 01/06/2020] : Be it cheap, the cheapest might not served the purpose.

And to use cheap don’t meant it is affordable for the needy. Some can’t pay their rent of $30. A smart phone cheapest is about $100?
[1:08 pm, 01/06/2020] : Exactly! Can the government afford to give them basic 4g smartphone!?
[1:09 pm, 01/06/2020] : i still can't imagine you go wet market buy vege and pay using smartphone
[1:10 pm, 01/06/2020] : Could be. For Banks to determine I guess if benefits outweigh the costs.
[1:10 pm, 01/06/2020] : Only if the seller is in it
[1:10 pm, 01/06/2020] : hmmm, never paid when using nets....
[1:10 pm, 01/06/2020] : unless if ppl start using PayNow which is free
[1:11 pm, 01/06/2020] : if you use a solution that involves a service provider, it likely have some costs incurred
[1:11 pm, 01/06/2020] : Yes - there needs to be no charge to the seller (company accounts sometimes have a monthly charge to receive funds on PayNow)
[1:12 pm, 01/06/2020] : I read that China fast tracked digital platforms by reducing merchant fees to nigh negligible amount. Sg digital payments still have substantial merchant costs
[1:12 pm, 01/06/2020] : Can one app be used across all payment type and business!?
[1:12 pm, 01/06/2020] : While we are debating the cashless adoption ,

how about the Cruz of the resistance from Hawkers ?  Note that with epaulet moving forward , most of them were unable to manipulate their taxes anymore .
[1:14 pm, 01/06/2020] : https://images.app.goo.gl/W11QfzF95ovRKs827
[1:14 pm, 01/06/2020] : Agree
[1:18 pm, 01/06/2020] : so businesses will still be charged for it? i always had the impression that PayNow is free for all, including businesses
[1:18 pm, 01/06/2020] : yes, if we can unify all digital payments onto a single platform it'll be good
[1:19 pm, 01/06/2020] : That will be great πŸ‘
[1:19 pm, 01/06/2020] : Is a bit hard... too many stakeholders, unless government want to step in
[1:19 pm, 01/06/2020] : We are quite succcessful with the singpass app, why not work from there?
[1:19 pm, 01/06/2020]  Monopoly. Not good also
[1:21 pm, 01/06/2020] : I did e-mail reach on this some time ago
[1:22 pm, 01/06/2020] : Not possible now since there are different financial consortium involved .
[1:22 pm, 01/06/2020] : They should as going totally digital is the long term goal
[1:23 pm, 01/06/2020] : If no charges/no commission, ie free usage, then monopoly monitored under government agency's security should be OK.
[1:26 pm, 01/06/2020] : The e-payment charges plays very important part in this role. If our G wants all hawkers and food sellers to totally accept e-payment, either low charges or waive. Some hawkers actually earn very very little. And their costs are high as no economy of scale.
[1:26 pm, 01/06/2020] : People with credit cards may not like to use digital payments like PayLah! coz credit cards award points for spending.

[1:26 pm, 01/06/2020] ☸️  Danny εΏƒ:
(1) Many hawkers, retailers and supermarkets have not adopted PayNow SQ QR code mWallet.
So even customers with mWallet cannot used cashless mode of payment.

(2) I come across a mee stall that use QR code, but when scan on it - it say unrecognisable QR code --- seems like the QR code is not the universal SQ QR code - and got to pay in cash.

(3) So the 1st step is to get hawkers and retailers to adopt the mWallet Paynow SQ QR code first.
- Incentives to the hawkers and retailers to adopt the mWallet - like cash incentives offer in the Fortitude Budget will entice hawkers and retailer to adopt.
- Technical helps for the installation and teaching the retailers and hawkers how to use it is necessary to overcome the technology adoption.
- Employing the 1,000 mWallet ambassador to get hawkers and retailers to deploy the mWallet will help in deployment.
- Those hawkers and retailers who refused to deploy will feel left out and tell them the likely outcome --- the fear that customers will not patronise their stalls if they don't adopt --- as customers are getting used to use smartphone mWallet rather than use cash.

(4) Only upon mass adoption by majority of the hawkers and retailers --- can the mWallet ambassador start coaching session, incentives to get smartphone for elderly - on the use of smartphone to make payment, scan SafeEntry, do whatsapp, do video conferencing, surf internet etc.

[1:29 pm, 01/06/2020] : Businesses need to pay if they use paynow to make payments. Receiving not required to pay i believe.
[1:29 pm, 01/06/2020] : If based one app!?
[1:30 pm, 01/06/2020] : Nets is similar to credit card they charge a % of transaction but lesser.
[1:31 pm, 01/06/2020] : I thought that is the G model moving forward .. very Low charge after proliferation. The provider can’t reach scale now to offer cheaper service .
[1:32 pm, 01/06/2020] : If there is additional cost involved then many hawker i believe would not go digital coz their profit margin itself is not high.
[1:33 pm, 01/06/2020] : My idea is that gov will provide the platform
[1:33 pm, 01/06/2020] : But 3rd party providers can come in
[1:33 pm, 01/06/2020] : like how open electricity market is
[1:34 pm, 01/06/2020] : In Singapore everything is pay and pay
Send a study group to China to learn and to replicate the cashless society there and can kickstart cashless payment
[1:34 pm, 01/06/2020] : We need zero transaction fees
[1:34 pm, 01/06/2020] : Credit card is not a cash payment system. And payments via credit card usually reach merchants at a later period, depending on visa, master or diners etc, and some even longer to reach the merchants. Hawkers can't be waiting 2 weeks to a month for their money to come in
[1:34 pm, 01/06/2020] : Currently Most banks don't charge PayNow until 2021.
[1:34 pm, 01/06/2020]  Yes, agree on that.
[1:35 pm, 01/06/2020] : Dbs is charging $0.50 per transaction. I think the waiver was only for a 6 months period, not sure if they extended.
[1:36 pm, 01/06/2020] : The merchant and G must work out some arrangement. The merchant of course need to earn some fee and so really need to discuss with G how to go about.
[1:36 pm, 01/06/2020] : Remove it completely!
[1:37 pm, 01/06/2020] : That’s why provider is asking for G to subsidise operations ..  otherwise how to be cheap .
[1:38 pm, 01/06/2020] : Please take consideration that China achieve economy of scale and the epayment started because of too many counterfeits notes  in their system .
[1:39 pm, 01/06/2020] : Oh? That I didn’t know
[1:39 pm, 01/06/2020] : Agree
[1:39 pm, 01/06/2020] : Yes, I prefer use use one app that will link them all if it is by government (security that we can trust, and will not sell our data to anyone).  We can link it to our preferred banks (DBS/UOB/OCBC etc).
[1:40 pm, 01/06/2020] : It was mentioned in the media prior to launch.
[1:40 pm, 01/06/2020] : Agree
[1:41 pm, 01/06/2020] : yes that's my idea too
[1:41 pm, 01/06/2020] : one app unified payment platform but there can be different service providers inside it
[1:42 pm, 01/06/2020] : πŸ‘
[1:43 pm, 01/06/2020] : Is it like using paynow or paylah to link to our bank account or nric?
[1:44 pm, 01/06/2020] : anyone aware if car workshop will be open tomorrow onwards?
tq
[1:46 pm, 01/06/2020] : PayLah is for DBS, PayNow is interbank, so it's more like PayNow
[1:46 pm, 01/06/2020] : My car workshop is opended but must make appointment
[1:47 pm, 01/06/2020] : PayNow
[1:47 pm, 01/06/2020] : For now
[1:48 pm, 01/06/2020] : Free usage don’t help with improvement, no value to improve...
our dear Ez link and ENETS is a good example.
[1:48 pm, 01/06/2020] : Monopoly and just don’t care what people want you have to use it
[1:49 pm, 01/06/2020] : Can't really,  we have a free economy here. Up to vendors and customers to choose preferred platform.
[1:49 pm, 01/06/2020] : Similar but the app should unify the banks' platforms, protect the consumers, have strong government endorsement and security.  Absolutely no selling/sharing of our nation's data to commercial sectors.
[1:49 pm, 01/06/2020] : lol
[1:49 pm, 01/06/2020] : There will be resistance
[1:49 pm, 01/06/2020] : ppl use credit card because of points and it's postpaid
[1:49 pm, 01/06/2020] : Yes
[1:49 pm, 01/06/2020] : Yes
[1:50 pm, 01/06/2020] : App should allow the user to link to bank account or credit card
[1:52 pm, 01/06/2020] : And can scan SafeEntry too. πŸ™Š
[1:52 pm, 01/06/2020] : Vendor can block transactions link to credit cards or impose surcharge.
[1:52 pm, 01/06/2020] : Programmers can sort that out.
[1:56 pm, 01/06/2020] : I think government can step in by providing a time frame to determine who has the highest number of user (usually is benefit and usability)

Then cut down to two major platform then we work from there. So not monopoly, but push for change and the two that survive will keep each other in check.
[1:58 pm, 01/06/2020] : The transaction oversee by government, like what China is doing actually 🀣

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[2:00 pm, 01/06/2020] ☸️  Danny εΏƒ:
(1) I think as long as the retailers or hawkers deploy SQ QR code - different bank mWallet like Paylah, UOB, OCBC or Paynow etc can still succeed in making the cashless mWallet payment --- as SQ QR code - is the universal QR code --- that are recognised by all Singapore banks mWallet.

----


Ben
[3:06 pm, 01/06/2020] : Yes exactly.  A single QR code can be read by all apps. So it doesnt matter which you have or prefer. They all work seamlessly.

Valli
[3:15 pm, 01/06/2020] : I agree Govt should come in and restrict the payment platform to 2  or 3 big reputable trustworthy local banks.
As technology becomes too advanced, too many apps becomes a headache.

---

[3:16 pm, 01/06/2020] : Singapore confirms 408 new COVID-19 cases, no new community infections

https://www.channelnewsasia.com/news/singapore/covid-19-jun-1-dormitory-worker-no-community-cases-citizen-pr-12790512
[3:33 pm, 01/06/2020] : https://goodyfeed.com/rental-default-dormitory/amp/?utm_source=telegram&utm_medium=push&utm_campaign=active
[3:35 pm, 01/06/2020] : Scientists hunt COVID-19 pandemic hotspots in race to test vaccines https://www.channelnewsasia.com/news/world/covid-19-vaccine-scientists-hunt-pandemic-hotspots-test-12791432#.XtSvy-xiIqo.whatsapp
[3:37 pm, 01/06/2020] : Russia, after approving Japanese Covid-19 drug, to roll out 'game changer' next week http://www.straitstimes.com/world/europe/russia-after-approving-japanese-covid-19-drug-to-roll-out-game-changer-next-week?&utm_source=whatsapp&utm_medium=social-media&utm_campaign=addtoany
[3:38 pm, 01/06/2020] : [Sent by Gov.sg – 1 Jun]

As of 12pm, MOH has preliminarily confirmed an additional 408 cases of COVID-19 infection in Singapore.

All 408 cases are Work Pass holders residing in foreign worker dormitories.

Based on investigations so far, there are no cases in the community.

MOH will share further updates in its press release that will be issued later tonight.

go.gov.sg/moh1junupdate
[4:02 pm, 01/06/2020] ☸️  Danny εΏƒ: Don't know.

Let Russia try and other countries try.

If successful, then it is a major breakthrough.

Surprise WHO did not endorse this drug but remdesvir which is less effective.
[4:03 pm, 01/06/2020] : Yes

[4:04 pm, 01/06/2020] ☸️  Danny εΏƒ:
https://www.straitstimes.com/asia/east-asia/chinese-vaccine-could-be-ready-by-year-end-government-body-says?cx_testId=20&cx_testVariant=cx_5&cx_artPos=2#cxrecs_s

[4:15 pm, 01/06/2020] : The news reports only covered e-payment as "going digital" and hence, raise the question what are the other "digital initiatives" or is e-payment it? From the news reports, it is also unclear what are the benefits that can motivate either the seniors or to the stallholders to adopt digital means; for example, how does using e-payment ensure that these groups are not "left behind" ? In fact, by focusing on e-payment which creates transparency, it can raise these groups' skeptism on the intentions and could raise barriers to adoption. Therefore, distrust from poorly explained initiatives can become a challenge faced by seniors and stallholders to going digital.

To mitigate this challenge, the "go digital" initiative needs to clearly answer the question "why s…
[4:15 pm, 01/06/2020] : 5 air conditioner hacks to save money while working from home:: https://www.asiaone.com/lifestyle/5-air-conditioner-hacks-save-money-while-working-home?utm_source=whatsapp&utm_medium=social-media&utm_campaign=addtoany
[4:16 pm, 01/06/2020] : contactless to prevent spread of virus like SARS-2
[4:17 pm, 01/06/2020] : Food for thought
[4:18 pm, 01/06/2020]  u cant be rob, because already cashless
[4:18 pm, 01/06/2020] : or less cash with u
[4:19 pm, 01/06/2020] : They can rob you of your phone and force your finger on the sensor........
[4:19 pm, 01/06/2020] : and no need keep going to ATM to withdraw cash
[4:19 pm, 01/06/2020] : but can trace where the money went
[4:19 pm, 01/06/2020] : Yes
[4:19 pm, 01/06/2020] : Yes
[4:19 pm, 01/06/2020] : Yes
[4:19 pm, 01/06/2020] : Agree
[4:19 pm, 01/06/2020] : As with all crook shows, there's always some offshore bank account somewhere... πŸ˜†
[4:19 pm, 01/06/2020] : True
[4:19 pm, 01/06/2020] : What if a senior or a retiree can use his (biometrics) fingerprint to activate a free meal?
[4:21 pm, 01/06/2020] : With all regards to personal pride, can a better or free meal be made accessible to seniors, especially those who are without regular income support, via their IC scan or biometrics? Can't this be also part of "going digital" that at the same time, promote community care?
[4:22 pm, 01/06/2020] : Should be
[4:22 pm, 01/06/2020] : Coronavirus: Trains and buses to run at pre-circuit breaker frequencies from June 2 amid safe distancing challenges

https://www.straitstimes.com/singapore/transport/coronavirus-trains-and-buses-to-run-at-pre-circuit-breaker-frequencies-from-june?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-06-01%2016%3A06%3A32
[4:23 pm, 01/06/2020] : Thanks!πŸ™  But we can observe too, preventing spread of virus may not be an immediate benefit to a number of individuals
[4:23 pm, 01/06/2020] : Digital ambassadors will earn between $1,800 to $2,100, role is a one-year temporary contract

https://www.straitstimes.com/singapore/digital-ambassadors-will-earn-between-1800-to-2100-role-is-a-one-year-temporary-contract?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-06-01%2016%3A06%3A24
[4:23 pm, 01/06/2020] : Hence, "going digital" need to go beyond e-payments.
[4:24 pm, 01/06/2020] : Do not allow transactions whereby the account is not with an international bank whereby our government can trace, whereby the user has no protection from the beneficiary of fraud. For eg if we use credit card, we can dispute fraudulent charges
[4:24 pm, 01/06/2020] : guess if we reach Wuhan spread of virus. When we are desperate then all will go cashless
[4:24 pm, 01/06/2020] : like Wuhan itself is an example
[4:24 pm, 01/06/2020] : where they force all go cashless
[4:25 pm, 01/06/2020] : that's a pushing factor
[4:25 pm, 01/06/2020] : by then, guess stall owner do not wash cash too
[4:25 pm, 01/06/2020] : Another vaccine bites the dust (first one was Moderna vaccine)

https://www.newstatesman.com/2020/05/experts-raise-doubts-about-oxford-university-vaccine-after-it-fails-stop-covid-19-animal
[4:28 pm, 01/06/2020] : The govt's intention is noble and far sighted, to support employment while pushing the national agenda in digital ahead. From reading this, however, is this tax payer's $ paying for adoption of GrabPay and other fintech payment mechanisms? Assuming so, what are the expectations for these fintech payment firms - who would receive tax payers $ - in their services and fees charged to stallholders and seniors?
[4:29 pm, 01/06/2020] : πŸ˜‚ so true.
[4:33 pm, 01/06/2020] : if during CNY, all lock down. Ppl got to give e-red packet...\
[4:33 pm, 01/06/2020] : like for the Malays this time round
[4:33 pm, 01/06/2020] : https://www.channelnewsasia.com/news/commentary/coronavirus-covid-19-digital-payment-cash-infect-china-europe-us-12583302
[4:33 pm, 01/06/2020] : Some doctors found HCQ+AZ+zinc works.

HCQ is a generic drug, which means it’s dirt cheap compared to the very expensive remdisivir which has questionable success.

https://www.zerohedge.com/health/yale-epidemiologist-hydroxychloroquine-should-be-widely-available-and-promoted-immediately
[4:39 pm, 01/06/2020]  Pandemic is just an excuse for governments to exert more surveillance and control over their people. If really need to disinfect cash then we might as well need to disinfect our da bao packets, delivery parcels, shopping baskets, shopping carts, etc.
[4:50 pm, 01/06/2020] : Actually yes - I do wipe down all my groceries and deliveries when I get home with dettol wipes. Never know who was touching what in the supermarket!
[4:51 pm, 01/06/2020] : UK also opening up tomorrow
[4:51 pm, 01/06/2020] : seems like world leaders have consulted each other on when to reopen
[4:52 pm, 01/06/2020] : much against the wishes of medical experts.
[4:52 pm, 01/06/2020] : πŸ˜”πŸ˜ž
[4:55 pm, 01/06/2020] : People are going hungry. Not every one dies of this disease. No choice.
[4:56 pm, 01/06/2020] : Yes it's a fine balance. It will be debated for years I'm sure if it was better to let it take its course or lockdown as we did. I'm with the latter since we didn't know what we were dealing with at the time!
[4:57 pm, 01/06/2020] : Pandemic Paranoid
[5:04 pm, 01/06/2020] : Told to return to office from June 2, some employees worry about safety and question need to go back https://www.todayonline.com/singapore/told-return-office-june-2-some-employees-worry-about-safety-and-question-need-go-back#.XtTEkk1aIe4.whatsapp
[5:12 pm, 01/06/2020] : Yes. And my friends don't dare to whistleblow, cos they're afraid that they will suffer another pay cut because they have to close offices.
[5:15 pm, 01/06/2020] : MOM enforcement and spot checks!?
[5:18 pm, 01/06/2020] : Hey Stanley, be nice. Not good to use those words on Ben or anyone else. I am sure your English can be better than that.
[5:18 pm, 01/06/2020] : It is always better to be safe than sorry.
[5:19 pm, 01/06/2020] : We all do what we have to do!
[5:19 pm, 01/06/2020] : Yes, Rama πŸ‘
[5:20 pm, 01/06/2020] : Overkill that’s for sure... but whatever makes the person feel safe as long as don’t bother anyone.
[5:20 pm, 01/06/2020] : One man's meat can be another man's poison!
[5:20 pm, 01/06/2020] : Yes
[5:22 pm, 01/06/2020] : Stella  call me Andrew
[5:23 pm, 01/06/2020] : Yes, Andrew.
[5:24 pm, 01/06/2020] : Thanks
[5:31 pm, 01/06/2020] : Really no one know how the bosses think, they will do whatever they think is best for the business.

When in doubt and feel unsafe, do highlight to management, if they unable to provide good solution to help the employee to be at peace. Yah you can try to escalate to MOM.

But we all know being whistleblow have its pros and cons. Might also affect the business. It takes time for business to full adopt the WFH attitude. Give employer and employee both a chance, we are all trying to survive here.
[5:32 pm, 01/06/2020] : Yes
[5:37 pm, 01/06/2020] : I agree that there has to be a balance, but the clear directive from MOM is that where staff can work from home, that's the default position. Throughout the CB period, the staff have been working effectively from home. There isn't really a need to return to office in contravention to the guidelines. So unless we're saying that those guidelines are just there and businesses make their own judgment calls, then the guidelines really don't have any effect.
[5:38 pm, 01/06/2020] : Time will tell!
[5:43 pm, 01/06/2020] : Even the law is on your side, have a touch of understanding. The law is dead but human isn’t. Have a bit of compassion. The law is there so that business will consider before making them come back for work if not required.

We work together to solve issue, and as much as possible resume full business. So employer won’t need to think of reduce headcount if the sales are no long as much.

Lots of business will no long exist we all know that. Having a job now makes more importance than a few months back where jobs are always available. Up for the choosing.

To be frank, we all know people do still visit their families, Bf and Gf. Do we always go report them? Begger on the street begging during CB, do we report them?

Business seems to given lesser compassion as they are stronger, richer can be on their own. But I know many employer even do grab just to earn enough for paying their employee. Not paid for months to pay the employee. I can’t say for many but there are people that really need help.
[5:45 pm, 01/06/2020] : Hard to please everyone
[5:47 pm, 01/06/2020] : Yes, totally agree
[5:52 pm, 01/06/2020] : It's quite different considerations between family and close interactions vs work. If work is fully functional remotely, why make the staff go back? I agree with you if the work relates to sales or personal interaction, but when it comes to paper-pushing, you can do this from anywhere as long as you have the technological capability. If the company is not up to speed with digitalisation, I can understand why they need to be back in the office. This is not the case in the instances I have heard.
[6:03 pm, 01/06/2020] : I think employers would be glad to continue WFH if efficiency and productivity is the same when you are working from office but I believe it's not the case for many. On the flip side there are also employees who would rather work from their offices than at home. Although some companies have asked their employees to return to office at split shifts there are also many companies who continue to ask their staff to WFH.

There's always 2 sides to everything, importantly is to have compassion for everyone.
[6:04 pm, 01/06/2020] : Yes agree...

[6:12 pm, 01/06/2020] ☸️  Danny εΏƒ:
Advantages of digital payment (mWallet) to retailers and hawker

1. There is no need to handle cash, count cash, queue up in banks or ATMs to withdraw cash or deposit cash - as mWallet allows deposit and payment to be done cashless.

2. Through mWallet cash transfer - can avoid loss of cash through robberies, theft, pilferages etc.

3. mWallet can be use as POS (point-of-sales) system to account for the daily intake and expenses.

4. Cash are dirty as it exchange from one hand to another hand --- that can spread virus, bacteria and other illness among shop owners and customers.

5. As there is no need to delegate a person to queue in banks or ATMs to deposit cash and coins ---- lower overhead and the person can be redeployed to handle more business.

6. Some banks provide periodic discounts or cash incentives to mWallet users - and retailers or hawkers can reap this cash incentives.

7. When adoption rate on mWallet is high among the public, those stall owners who refused to adopt mWallet may lose customers - as customers may not use cash or possess enough cash to buy in their stall - and may opt for other stallholders that use mWallet.


Advantages of digital payment (mWallet) to customers and public at large

1. There is no need to handle cash, count cash, queue up in banks or ATMs to withdraw cash or deposit cash - as mWallet allows deposit and payment to be done cashless.

2. Through mWallet cash transfer - can avoid loss of cash through robberies, theft, pilferages etc.

3. Cash are dirty as it exchange from one hand to another hand --- that can spread virus, bacteria and other illness among shop owners and customers.

4. Some banks provide periodic discounts or cash incentives to mWallet users - and customers or public can reap this cash incentives.

5. As smartphones is used in mWallet payment, it also can be used to scan SafeEntry, do whatsapp for communication, do video conferencing, surf internet, see video, news, etc.


Advantages of digital payment (mWallet) to banks

1. Less people will queue up in banks or ATMs to deposit and withdraw cash - hence can reduce the footprint in ATMs --- which will be translated into cost cutting to maintain cash in ATMs, transport cash and maintain ATMs.

2. Banks need to keep less physical cash and Board of currency need to print less cash --- result in more savings for banks and MAS --- overall our Economy will be more productive with more cost savings.

3. With more usage of digital payment and bank transfer - more eCommerce apps can be rolled out - to entice public to do more eCommerce transaction - this will help to boost the Economy via digital economy.

---

Rama
[6:37 pm, 01/06/2020] : How does the link to wallet is 8n play Store!?
[6:37 pm, 01/06/2020] : In*

[6:39 pm, 01/06/2020] ☸️  Danny εΏƒ:
Sorry I don't get your question.

[6:40 pm, 01/06/2020] : Looking for mwallet in play store but not sure which one?

[6:41 pm, 01/06/2020] ☸️  Danny εΏƒ:
Oh depending on which bank account you have.

[6:41 pm, 01/06/2020] : Okay so not uniform?

[6:42 pm, 01/06/2020] ☸️  Danny εΏƒ:
If you have DBS, you look for paylah.

[6:42 pm, 01/06/2020] : πŸ‘Œ
[6:42 pm, 01/06/2020] : Mwallet is a generic term?

[6:43 pm, 01/06/2020] ☸️  Danny εΏƒ:
Yes.
Uob, OCBC has their own name for mwallet.

[6:43 pm, 01/06/2020] +65 9661 0607: Noted

----

[6:35 pm, 01/06/2020] : Is just a general statement
You are just over sensitive

[6:37 pm, 01/06/2020] : Ob don't worry. I took it in jest! And actually its true, I don't mind admitting it, and would be happy if everyone else was too!

[6:40 pm, 01/06/2020] : It's all good, didn't take it badly at all. Made me laugh... Pandemic Paranoia, good title for a comic strip or cartoon!
[6:40 pm, 01/06/2020] : Looking for mwallet in play store but not sure which one?
[6:41 pm, 01/06/2020] : Self correction: *benefit from tax payers $, not “receive”.
[6:43 pm, 01/06/2020] : Anyone has update on cancellation of alternative seating on trains and lrt from tomorrow?
[6:44 pm, 01/06/2020] : https://www.facebook.com/ministerkhawboonwan/photos/a.3166415240084341/3166415436750988/?type=3&sfnsn=mo

[6:45 pm, 01/06/2020] : πŸ€™✋πŸ€˜πŸ™πŸ‘✌️πŸ‘Œ
[6:46 pm, 01/06/2020] : This is the one a I read from facebook I mean.
[6:49 pm, 01/06/2020] : 🀨🀷‍♂️
[6:49 pm, 01/06/2020] : Gov fine when restaurant cannot handle large crowd.
[6:50 pm, 01/06/2020] : now clear cut public transport cannot handle large crowd
[6:51 pm, 01/06/2020] : Am more worried of MRT as is going to be peak and have taken out 1m apart seating. I thought it will be implace until phase 2 open too just like the rest.
[6:53 pm, 01/06/2020] : let's see 10 more days if more ppl caught the virus from the Bishan MRT staff
[6:53 pm, 01/06/2020] : so no need SDAs in public transport liao. lol

Blue and White Flag Guy
[7:02 pm, 01/06/2020] : Please do continue to discuss your concerns about PT, I'm always listening and I have being advocating for what you guys are saying now all along so like you, I'm pretty disappointed with the government in this aspect and will continue to observe the situation.

REACH - 91. Reskill for new investment (SK)
23 May 2020 (12pm - 8pm)

REACH
[11:30 am, 31/05/2020] : [Sent by Gov.sg – 31 May]
COVID-19: Work From Home (WFH) in Phases One & Two
WFH is the default
πŸ’Ό Go to office only if you must
Workplace social gatherings cancelled/deferred:
πŸŽ‚ eg. Team-bondings
πŸ™…‍♂ Gathering in groups, eg. during meals or breaks
πŸ™…‍♀ Socialising physically within or outside working hours
Use SafeEntry, make health declarations before entering workplaces
😷 Wear masks at all times
Go.gov.sg/mom-smm

[12:08 pm, 31/05/2020]
Dear contributors, welcome back!
⏰This chat will be open till 8pm.
The Government is focusing on securing jobs and businesses.
It has secured about S$13 billion in investment commitments in first 4 months of 2020, which will generate thousands of jobs in sectors such as electronics and chemicals.
The Government will also help companies hire ahead and work with trade associations and chambers to increase the number of apprenticeships in various growth sectors for both fresh graduates, as well as those going through mid-career transitions.
Speaking at a virtual press conference yesterday, Trade and Industry Minister Chan Chun Sing said, “We are quite clear that we will not be able to preserve every job in the whole economy, but we are determined to make sure that we can help every Singaporean and businesses transit to the new equilibrium, or the new normal as we call it.”
πŸ“’Topic:πŸ“’
There will be job displacement from old industries into new ones, requiring retraining and upskilling for workers.
What can we do to adjust our mindset, for example, towards retraining and upskilling, to stay relevant and employable?
πŸ‘‰ https://www.channelnewsasia.com/news/singapore/covid-19-edb-singapore-investments-coronavirus-surpass-projected-12786876
πŸ‘‰ https://www.facebook.com/ChanChunSing.SG/posts/3225377807514180


Bobby Tan
[12:16 pm, 31/05/2020] : Everyone must understand that regardless how good you are, you still need to upgrade or learn another skill set, in order to survive now or near future. IT and mobile app are something we should endeavour to keep learning and keep exploring. Even if now we out of job, don’t despair and should keep on learning some productivity skill training. This may land you in next job.
[12:17 pm, 31/05/2020] : Also wearing of mask or face shield should become a culture rather than a law. This will help to prevent getting viruses from others. We all should adopt heathy life style and exercising.

[12:24 pm, 31/05/2020] ☸️  Danny εΏƒ:
Retraining, reskilling and continuous life long learning - must be inherent mindset of any workers as technology evolved and new ways of doing business keep evolving.

Ben
[12:57 pm, 31/05/2020] : Yes agreed - who has determined what training, for who and why?

[2:46 pm, 31/05/2020] ☸️  Danny εΏƒ:
1. Business owner must not only indulge in day to day running of their business.
Business owner must periodically take a step back to think strategically to size up their business, competition, business trends and many other factors that could impact their business.
Business owner must strategically see how best to exploit technologies to boost their business growth and profit - as well as to retrain their workers to operate the new automation, new technologies, new processess etc.
So who determine the required skills for training - the owners, the staff, and b training partners.

2. For workers who work in companies who always looking for ways to train their staff as part of annual KPI build into their job scope - workers can work with their superiors or boss to work out a career training plan.

3. For workers working in companies that do not have training plan for their staff, workers must take their own initiatives to find out those technologies, skillsets or training that will help them in their current career or future careers.

4. For those who have no ideas what training is most relevant to them, then get help from career coaches to find out what jobs are there, what skillsets are required, consider whether they have the interest, capabiliities to get themselves train up for the jobs such as through Train-and-placement programme, internships, train-and-work etc.

Boon Phing
[12:30 pm, 31/05/2020] : Is there any breakdown of the kind of jobs to be offered, and conditions on the hiring process?

Ben
[12:56 pm, 31/05/2020] : It's amazing to see all this money pumped into the economy and where it is intended. Would love to see feedback on where it is actually spent and the results of it.
[12:57 pm, 31/05/2020] : How is it being measured? What are the KPIs? Who is in charge of each sector? How is it being monitored? Plenty of opportunity for abuse once it leaves the government and is put in the hands of .....?

Thomas
[1:04 pm, 31/05/2020] : One criticism of current ITM framework is too broad and curriculum based like University or Poly curriculum shortened for working adults. Should look at Australia type where they are focus on particular deep skills to achieve on one standard before progressing to another standard in the same family of say a electrician. They don’t look at jobs but specific skills set need to achieve to reach professional electrical engineer

Leonard Lau
[1:08 pm, 31/05/2020] : Pro and con aside  ..  but the key concerns for Labour is skill portability  in today context .

REACH
[2:09 pm, 31/05/2020] : https://www.straitstimes.com/singapore/new-sg-digital-office-to-encourage-digitalisation-among-seniors-and-Hawkers

CQ
[2:29 pm, 31/05/2020] : (1) Time invested: Employers should not frown upon the time off taken by staff for training purposes, which in turns causes staff to be afraid to ask their bosses for time off.
(2) "Level up": When a staff has completed a course in a field relevant to his/her work, the company can assign the staff tasks which allow them to put what they have learnt into practice, and with a job well done, consider the employee's prospects for promotion or pay increment.
(3) Wider scope of what is considered "relevant field of work": Some employers tend to consider what is relevant in a very narrow sense, eg if you're working in IT, there is no reason for you to be taking up a course in project management for example. Not to say that all courses should be considered relevant, but managers should be flexible to consider courses which offer tangential benefits to the company as a whole.
(4) Increased intra-company mobility: This is less relevant for SMEs (where everyone does a bit of everything) but more for bigger companies where you have different roles. Managers can encourage retraining, or facilitate mobility by requiring the staff to undergo reskilling training. If managers are concerned about the staff leaving, there are always contractual options where company agrees to pay for the training costs and in turn, the staff has to remain with the company for a minimum period (eg 6 to 12 months), otherwise the staff has to pay the company for the full fees of retraining.
(5) Staff's perspective: Most people wouldn't want to invest the time, money and effort to re-skill if it does not entail better pay or better job prospects. Therefore the training courses should be a viable means to providing that next step up. The singapore employer culture still focuses heavily on paper qualification, thus one thing to consider is increased recognition for training certificates (which also means that the testing and certification need to become more rigorous).

Leonard Lau
[2:34 pm, 31/05/2020] : I attend training mostly  using personal funds ; It is known that company sponsored adult students are lesser motivated . This is something we need to addressed as well .

Alvin
[2:40 pm, 31/05/2020] : πŸ“’Topic:πŸ“’
There will be job displacement from old industries into new ones, requiring retraining and upskilling for workers.
What can we do to adjust our mindset, for example, towards retraining and upskilling, to stay relevant and employable?
Firstly, everyone and anyone can preach about going for retraining and upskilling etc but I’ll like to see leaders of industry or chiefs do that themselves too. If not, set the standard to give upgraders or ppl with no experience a chance to new job openings.
Secondly, we have been putting emphasis on management for too long. Our de facto for getting higher pay is to move ppl into management and many are in those areas wasting their talents. SHIFT the focus into technical, hands-on or service roles and pay them highly. Encourage industry leaders to do that too and you should be a gradual increase in efficiency as more local ppl move into those roles. Unless you have a mega project that requires intense concentration and focus (or you need to instruct blue collar workers on their daily jobs), management roles should slowly be automated away.
Lastly, I’ll get hate for saying this but I’ll say it again anyway. DO NOT try to save businesses whose business model can’t be saved and they will eventually fold up anyway!!! Don’t waste taxpayers money on those SMEs who are unable to pivot. Even if we reopen etc there will be thousands of businesses that will close down. Don’t try to save them all, gov is already doing a good job trying to slow things down for revenue losses but time for mercy is over. Those business leaders will plea and beg for more help but don’t allow that. Many of them are stuck to the old ways of doing things and will never change. If gov decides to help, they should “own” some equity of the firm and have a major say in how things are run.
My 2.14 cents

CQ
[2:50 pm, 31/05/2020] : Likewise, I've spent my own money and used annual leave to attend seminars and trainings. Only cos some managers frown on "absence".
I can see your point about the company-sponsorship and lower motivation. I think it has to be a 2-way thing. The staff must want to be trained and the company must impose certain parameters Eg whether you need to hit a certain grade, attendance requirements, or as I mentioned, a bond period maybe. Some employers are damn scared that their staff will jump ship after they invested in their training. That's also one mindset which needs to change. People move around for various reasons, but if you don't invest in your staff, it's your own business that suffers in the long run.

Harry
[2:54 pm, 31/05/2020] : Skillsfuture training should go home based learning where it can.

Leonard Lau
[3:00 pm, 31/05/2020] : As I see it , Personal attitude in Learning must improve first . This will drive employers to adapt along .
Many course are affordable these days via e-training plus lots of subsidies and also there is income tax relief for training ..  conditions are
already  there for the takings
[3:01 pm, 31/05/2020] : Some courses are already home based but not all skill trainings can be home based also

CQ
[3:04 pm, 31/05/2020] : Personal attitude does need to change. Perhaps by applying motivation techniques, thus the increase in pay, assigning challenging tasks etc etc?
[3:05 pm, 31/05/2020] : Have to recognise that there will always be people who are contented to just cruise along though.. Somehow that natural "strata" always forms itself.


REACH
[3:21 pm, 31/05/2020] : Singapore reports 518 new COVID-19 cases
https://www.channelnewsasia.com/news/singapore/moh-new-covid-19-cases-may-31-12788564

[3:41 pm, 31/05/2020] : [Sent by Gov.sg – 31 May]
As of 12pm, MOH has preliminarily confirmed an additional 518 cases of COVID-19 infection in Singapore.
Majority are Work Permit holders residing in foreign worker dormitories.
Based on investigations so far, 3 are cases in the community (3 Singaporeans/PRs).
MOH will share further updates in its press release that will be issued later tonight.
go.gov.sg/moh31mayupdate

REACH
[4:06 pm, 31/05/2020] :
Iswaran - With covid-19, digitalisation is imperative
https://www.facebook.com/145462252193638/posts/3894490710624088/

Rama
[4:09 pm, 31/05/2020] : Mindset have to go change as the virus has caught both employers and employees off guard !

Caleb
[4:21 pm, 31/05/2020] :
Long queue at Lucky Plaza Orchard - thanks to sales
 https://m.facebook.com/story.php?story_fbid=653559668706467&id=166119094117196&sfnsn=mo
[4:21 pm, 31/05/2020] : where all the SDAs and SPFs?



[4:23 pm, 31/05/2020] ☸️  Danny εΏƒ:
This AMK hub have been max out 100% crowd for the past few days.

Desmond Koh
[4:40 pm, 31/05/2020] : with the public officers to return to their normal duties, with the lack of enforcement officer, it will get more worst haha
[4:42 pm, 31/05/2020] +65 9181 1570: https://www.todayonline.com/singapore/hiring-safe-distancing-ambassadors-enforcement-officers-continue-after-circuit-breaker
NEW HIRES NEEDED AS PUBLIC OFFICERS RETURN TO DUTIES
MEWR said that more than 65 public agencies are involved with enforcement work on the ground, and many of the ambassadors and enforcement officers are also public officers juggling regular duties with enforcement work.

REACH
[5:04 pm, 31/05/2020] : ERP charges to remain suspended until at least Jun 28: LTA
https://www.channelnewsasia.com/news/singapore/covid-19-erp-charges-gantry-suspended-jun-28-lta-review-12788868

REACH
[5:08 pm, 31/05/2020] : Coronavirus: Companies are short of manpower, workers miss their loved ones
https://www.straitstimes.com/singapore/workers-companies-are-short-of-manpower-workers-miss-their-loved-ones?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-05-31%2017%3A05%3A38

Caleb
[6:08 pm, 31/05/2020] :
Future of dine-in
https://www.instagram.com/p/CA2ESFsgaHo/?igshid=zdtdchd3hgyx

Anne
[6:31 pm, 31/05/2020] : I do this too! The courses I attend mostly have nothing to do with my job. They are mainly for my side hustles and personal development. I also purchase a lot of Udemy courses in various topics when they go on sale (like $14.99). I also made some new friends. As a result of these courses and friends, I not only learn new skills, my mind became more open to new ideas as well.

Leonard Lau
[7:09 pm, 31/05/2020] : Well said Anne . This is what life-learning is all about .  Besides , many courses are going free and just need to pay if one needs its certification. These are good courses  especially offered by Ivy League universities .
Importantly , the interaction with people overseas , it’s seriously  an eye opener.



Caleb
[6:57 pm, 31/05/2020] : Guess alot on cabin fever
[6:58 pm, 31/05/2020] : All go out which is only supermarket and food stalls are open








[6:58 pm, 31/05/2020] ☸️  Danny εΏƒ:
Comments from my close friends :-
(1) Every country is in a trial and error mode to contain the spread of covid 19 and re-opening of economy. Let's accept that the road ahead is bumpy.

(2) Rather than assume life will return to normalcy, there will be things/activities that will return to pre-pandemic state but there will be new habits that emerged.

(3) For eg. This few pictures above that provide plastic as a shield will help to protect dine in patron if government find it useful.

(4) Be positive, within our profession and sphere of influence what new habits are developing? This is our opportunity space. The sooner we innovate to capture this space, the higher our likelihood to become winners in the post pandemic era.

(5) Majulah Singapore!

[7:00 pm, 31/05/2020] ☸️  Danny εΏƒ:
They are good examples of how to protect the customers,  workers and their business.
People will be more confident to go out to dine

REACH
[6:58 pm, 31/05/2020] +65 8637 0487: MSF-funded services to gradually resume from June 2; over 50,000 applications for Covid-19 Support Grant received
https://www.straitstimes.com/singapore/msf-funded-services-to-gradually-resume-from-june-2-over-50000-applications-for-covid-19?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-05-31%2018%3A05%3A18

REACH
[7:33 pm, 31/05/2020] : Stallholders, seniors to get help going online from 1,000 'digital ambassadors' at new SG Digital Office
https://bit.ly/2TUPCN0

REACH
[7:33 pm, 31/05/2020] : Stallholders, seniors to get help going online from 1,000 'digital ambassadors' at new SG Digital Office
https://bit.ly/2TUPCN0

Ben
[7:50 pm, 31/05/2020] : I attended subsidised training using my skillet fund. I was very appreciative and learnt new skills to go in a new direction at a time my industry is shut down. I agree some might not be motivated if they don't pay, but I found everyone else on the course very engaged and pleased to be learning.
[7:50 pm, 31/05/2020] : This is great, well done to those involved.
[7:51 pm, 31/05/2020] : Yes agreed. Life long learning and overseas interaction are a positive by-product of the CB during Covid.

REACH
[7:52 pm, 31/05/2020] : Hello REACH Contributors!
⏰ We will be closing the chat in 10 minutes ⏰
As always, thank you very much for being part of our WhatsApp chat and participating actively.
Goodnight! 😴
- Megan

Leonard Lau
[7:53 pm, 31/05/2020] : That’s why company led training has to be tweak so that their employee are motivate when attending classes.

Wednesday, May 27, 2020

REACH - 90. How to prop up our weaker financial position (SK)
28 May 2020 (12pm - 8pm)

REACH
[11:06 pm, 27/05/2020] :
Go.gov.sg/moh27may
[10:21 am, 28/05/2020] : COVID-19: Singapore’s financial position will be weaker in coming years, but Govt will manage the situation, says DPM Heng
https://www.channelnewsasia.com/news/singapore/covid-19-financial-position-weaker-government-reserves-12775910

[11:50 am, 28/05/2020] : Dear contributors,
Welcome back! ☺️
⏰ Our chat will be open from 12pm to 8pm today.
πŸ—’ REACH is constantly taking note of all the feedback and suggestions shared on our WhatsApp chats, and will send them to relevant authorities for consideration.
Please be reminded to be respectful and considerate to others in this WhatsApp chat group. πŸ™πŸΌ
The topic will be posted shortly.
- Megan

[12:00 pm, 28/05/2020] : ⏰ Our chat will be open till 8pm today ⏰
πŸ“’ Topic πŸ“’
How can individuals and businesses make the best use of the support measures in the Unity, Resilience, Solidarity and Fortitude Budgets so that Singapore and Singaporeans can emerge stronger from the COVID-19 pandemic?

Singapore's financial position will be "a lot weaker in the coming years", but the Government will continue to find ways to manage this "difficult financial situation", said Deputy Prime Minister Heng Swee Keat in an interview with CNA on Wednesday (May 27).

“But for now, let me say that we have a huge work ahead of us, which is to make the very best use of every dollar and cent that we have taken from the past reserves and make sure that we use it wisely and make sure that it counts. An…

Rama
[12:05 pm, 28/05/2020] : Be prudent and spend wisely

[12:09 pm, 28/05/2020] ☸️  Danny εΏƒ: https://www.straitstimes.com/business/companies-markets/sgx-to-discontinue-most-msci-equity-index-futures-and-options-contracts

[12:22 pm, 28/05/2020] ☸️  Danny εΏƒ:
How to improve our weaker financial position?

1. Grow our digital economy while staying safe from virus - to tap the larger international markets.

2. Invest in our passive Sovereign fund wisely to earn more investment income.

3. Focus on growth industrial sectors - to trade and collaborate with other countries safely.

4. Expedite the RCEP mega trade deal to facilitate trade among trade partners and consolidate supply chain - while stay safe from virus.

[12:23 pm, 28/05/2020] ☸️  Danny εΏƒ:
https://youtu.be/b8aP9QoQel8

[12:40 pm, 28/05/2020] ☸️  Danny εΏƒ:
1. We borrow $52 billion from the reserves.

2. In 2019, our sovereign fund earn $18.63 billion as NIRC from dividend income.

3. Another $18.63 billion dividend income is earn through the Sovereign fund and plough back as sovereign fund capital.

4. So in total, 2019 - $37.26 billion is earn through sovereign fund as dividend income and we borrow $52 billion from reserves. In sofar, we only deplete $14.74 billion from our sovereign fund capital.

5. So the potential solutions to prop up our finances - is to look into growing our passive Sovereign fund to earn more dividend income.

6. Another potential solutions is to grow our economy by quickly growing our digital economy while staying safe - so that Government can recoup tax revenue from the digital economy if we succeed to improve our GDP growth from digital economy.

----

Ken
[1:45 pm, 28/05/2020] : A bit hard, there are also people that can work from home and need to work on site when required but how to determine..

[1:46 pm, 28/05/2020] : For some working on site is cheaper then working from home, and concentration at home and at office is different...
If you have a kid whole day at home with you see you can work productively. Or having baby, you don’t help your wife while you at home try? 🀣

[1:48 pm, 28/05/2020] : Not everyone has an ideal place at home to work, no such thing as workdesk or room at home

Thomas
[1:58 pm, 28/05/2020] : Very true. This pandemic shows up that some location in Singapore, the Wifi is spotty. Secondly, working from home and not somehow helping your wife on house chores..... you will be killed.

Alvin
[2:00 pm, 28/05/2020] : So a taxi driver told me he rather be outside driving all day than be at home
[2:00 pm, 28/05/2020] : Lol

[2:01 pm, 28/05/2020] ☸️  Danny εΏƒ:
If lose the job the whole household will be killed.

[2:02 pm, 28/05/2020] ☸️  Danny εΏƒ:
Lock the door room while working - and put "no disturb sign - adult working".

Peter T Ng
[2:03 pm, 28/05/2020] : Agree, not many will have an adequate set up to work from home

Ken
[2:05 pm, 28/05/2020] : Not everyone is so lucky... trust me. No disturb don’t work on kids below 2 🀣
[2:06 pm, 28/05/2020] : Actually below 5 also quite hard

Franco
[2:06 pm, 28/05/2020] : u must not have experienced a little kid at home?

[2:36 pm, 28/05/2020] ☸️  Danny εΏƒ:
If infected at work and then bring it home and infect the whole family, then how?

Franco
[2:38 pm, 28/05/2020] : tats why we have phases in opening up mah. Unless if we fail in Phase 1, then I guess we will all be forced to go back to 100% WFH.

[2:39 pm, 28/05/2020] ☸️  Danny εΏƒ:
Then come back to square one and how many more billion we are going to burn this round?

[2:40 pm, 28/05/2020] ☸️  Danny εΏƒ:
If cannot manage the family affair at home, then how to manage more complex settings at work?

Franco
[2:42 pm, 28/05/2020] : then how? Use Phases also cannot, then all stay at home to work? Until when?

[2:45 pm, 28/05/2020] ☸️  Danny εΏƒ:
Until when, until virus don't mass infect people.

[2:43 pm, 28/05/2020] ☸️  Danny εΏƒ:
Alot of people I know work from home - and occasionally go back to office - and they are managing well

Franco
[2:44 pm, 28/05/2020] : depending on the nature of work.

[2:44 pm, 28/05/2020] ☸️  Danny εΏƒ:
And they are high paid individuals.

Ken
[2:44 pm, 28/05/2020] : Depends on level of work, newbie WFH no guide don’t even see how people WFH. How they know how?

Franco
[2:45 pm, 28/05/2020] : do u consider Auditors and Business Valuers highly paid profession? And do think they can 100% WFH?

[2:46 pm, 28/05/2020] ☸️  Danny εΏƒ:
I did not say 100% but interspersed between WFH and office.

Franco
[2:48 pm, 28/05/2020] : yes, tat I agree with ur thesis statement!πŸ‘πŸ»

Franco
[2:48 pm, 28/05/2020] : putting aside our FW in the dorms who are closed samples, our coummunity is current having a figure of 1-4 daily. Do u consider this as a mass figure of result, thus all WFH?

Ken
[2:48 pm, 28/05/2020] : I am a auditor, but quality side. I have to visit site to understand the issue on site. WFH cannot check only paper, cannot trust 🀦‍♂️hence we do physical audit

Phyllis
[2:06 pm, 28/05/2020] : I can attest to this!

Alvin
[2:06 pm, 28/05/2020] : But WFH is likely the new norm until a vaccine is found
[2:06 pm, 28/05/2020] : Have to get used to it

Alvin
[2:07 pm, 28/05/2020] : Not just SKorea, Germany as well
[2:08 pm, 28/05/2020] : When you reopen quickly after flattening the curve it will spike again after 2 weeks

Ken
[2:07 pm, 28/05/2020] : Don’t hope on that... unlikely will be useful.

Alvin
[2:07 pm, 28/05/2020] : You mean the vaccine? 😨

Ben
[2:07 pm, 28/05/2020] : South Korea could face return to coronavirus restrictions after spike in new cases
We want to avoid this if possible. https://www.theguardian.com/world/2020/may/28/south-korea-faces-return-to-coronavirus-restrictions-after-spike-in-new-cases?CMP=Share_AndroidApp_WhatsApp

Alvin
[2:07 pm, 28/05/2020] : Not just SKorea, Germany as well
[2:08 pm, 28/05/2020] : When you reopen quickly after flattening the curve it will spike again after 2 weeks

[2:08 pm, 28/05/2020] ☸️  Danny εΏƒ:
If everyone scramble to work, infection flare up, then we have to close the Economy again.
And do we have so many multi billion to give again?

Ken
[2:08 pm, 28/05/2020] : Yah... to massive to public takes years... for VVIP yes with one to two years. But for the rest wait long long bah...
If you know how vaccines are develop πŸ˜…
And the effectiveness of getting the right one.

Alvin
[2:08 pm, 28/05/2020] : Yes I know
[2:09 pm, 28/05/2020] : So don’t expect the vaccine to be ready by end of year

[2:11 pm, 28/05/2020] ☸️  Danny εΏƒ:
So all the more the economy must learn how to work from home and exploit digital economy.
And not scramble to work.

Phyllis
[2:09 pm, 28/05/2020] : Please read PHASE

Alvin
[2:09 pm, 28/05/2020] : It will likely roll over to next year

Ken
[2:10 pm, 28/05/2020] : If no regulation and just run public.. the risk is super high no company will agree to no trial.. takes time to understand if there is any side effects...
Trial takes years for reason

[2:11 pm, 28/05/2020] ☸️  Danny εΏƒ:
So all the more the economy must learn how to work from home and exploit digital economy.
And not scramble to work.

Alvin
[2:57 pm, 28/05/2020] : How can individuals and businesses make the best use of the support measures in the Unity, Resilience, Solidarity and Fortitude Budgets so that Singapore and Singaporeans can emerge stronger from the COVID-19 pandemic?
1) There must be some form or legislation or law where employer claims the JSS, they CANNOT layoff that employee for the next 3 months.
2) Employees must bear with the inconvenience of WFH. We need to juggle work with distraction around and still be able to work efficiently. One way is start work earlier or start work way later after kids are still sleeping or napping.

Rama
[2:11 pm, 28/05/2020] : Economic costs!?

Ken
[2:12 pm, 28/05/2020] : WFH is much more easy to implement then waiting for the vaccine.

Phyllis
[2:13 pm, 28/05/2020] +65 9644 6200: Who mentioned about scrambling to work. G is opening up in PHASES. 🀦🏼‍♀️

[2:14 pm, 28/05/2020] ☸️  Danny εΏƒ:
Can you see the above messages about people can't work from home and want to go back to work before you comment.

Phyllis
[2:15 pm, 28/05/2020] : But that is dependable on what kind of work is that isn't it. 🀦🏼‍♀️

Ben
[2:13 pm, 28/05/2020] : πŸ‘ yes unless employee requests to work from office because WFH us too difficult, BUT will this put pressure on staff to request working from office to please employer?
[2:14 pm, 28/05/2020] : Any age seems difficult...

Ben
[2:15 pm, 28/05/2020] : Yes, this phased approach is better

Ken
[2:16 pm, 28/05/2020] : No kids yet... but see my boss 🀣🀣🀣 meeting is tough.. when you have it in the living room

Bobby Tan
[2:16 pm, 28/05/2020] : My company also will wait for Phase 2 den go back office to work.

Blue and White Flag Guy
[2:18 pm, 28/05/2020] : Employers and employees with a work nature that allows for them to work from home should embrace WFH as far as possible
This way we can bring down the crowds in public places including you know, my public transport
And then that way with less demand, we can deploy less buses and trains without too much of an adverse impact - if only everybody stopped to think!

Bobby Tan
[2:19 pm, 28/05/2020] : Not really to please the employer. WFH means employer do not need some much office space and is a good savings for the employers. For some MNC staff WFH already a norm and staff can go back office weekly for meeting or sign documents etc.

Phyllis
[2:19 pm, 28/05/2020] : Yes same here too.

Ken
[2:20 pm, 28/05/2020] : Public transport will be a lot more expensive 😭

Blue and White Flag Guy
[2:21 pm, 28/05/2020] : It will not be too much IF this stupid LTA thinks about supply and demand properly

CQ
[2:22 pm, 28/05/2020] : Some employers have the mentality that "it's great that I can save money on office rent, but how can I trust that you're actually working?"

----

REACH
[7:29 pm, 28/05/2020] : COVID-19 patients who still test positive but clinically well by day 21 of illness can be discharged
https://www.channelnewsasia.com/news/singapore/covid-19-patients-clinically-well-day-21-discharged-tests-12779668

Elena Woo
[7:41 pm, 28/05/2020] : Did they try putting the covid19 person with uninfected persons and see if any from the uninfected group becomes infected?
[7:41 pm, 28/05/2020] : Not sure on what basis they conclude the person as non infectious

[7:30 pm, 28/05/2020] : More than 33,100 COVID-19 tests carried out on pre-school staff, positive cases no longer infectious: MOH
https://www.channelnewsasia.com/news/singapore/covid-19-pre-school-staff-tested-positive-not-infectious-12779900

[7:33 pm, 28/05/2020] : Move to phase 2 of Covid-19 reopening to be decided mid-June; dining in, use of sports facilities to resume during this phase
https://www.straitstimes.com/singapore/move-to-phase-2-of-covid-19-reopening-to-be-decided-mid-june-dining-in-use-of-sports?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-05-28%2019%3A05%3A30

---

[8:24 pm, 28/05/2020] ☸️  Danny εΏƒ:

---
CNA
COVID-19: Phase two of post-circuit breaker reopening could begin before end-June, says Lawrence Wong
28 May 2020 07:30PM
“I think this should give every incentive for businesses to take responsibility, and to do their part to put in place all the necessary precautions and safeguards so that they can resume and reopen safely.”
---
[12:05 PM, 5/22/2020] ☸️  Danny εΏƒ:
Yesterday MTI Chan say that government will focus in reducing unemployment and prevent business closure in this 3 phases.

Suggest that:-

Each industry and business association should help their associate business setup ringfences to prevent infection and protect their customers and business partners from being infected.

This will help the government to decide whether to expedite the opening up of business for each respective industries.

[12:13 PM, 5/22/2020] ☸️  Danny εΏƒ:
All these are practical ways that each industry come out with their own creative ways to protect their workers and their customers from infection.
And this will give confident to the government to allow their industry and their business to operate.

[1:09 PM, 5/22/2020] ☸️  Danny εΏƒ:
The onus should be on each industry association to submit a detailed plan on how to keep their business going but protecting their workers, customers, business partners and public at large - before the government allow them to open up for business.

[1:12 PM, 5/22/2020] ☸️  Danny εΏƒ:
This will give the assurance to all the stakeholders that they are safe in buying their goods and services:-

1. Workers
2. Customers
3. Business partners
4. Public at large

---

Tuesday, May 26, 2020

REACH - 89. How does 4th Fortitude Budget help us (SK)
27 May 2020 (12pm - 8pm)

REACH
[11:15 am, 27/05/2020] : [Sent by Gov.sg - 27 May]
COVID-19: Fortitude Budget
Our economy has been deeply impacted. Support will be given as we open up progressively
For businesses and workers
- Support for businesses which are not yet ready to re-open
- Help for affected workers — wage support, job opportunities / traineeships, skills training
For households
- Support through utilities credit, help for students and seniors to go digital
For frontline agencies
- Funding to fight COVID-19, boosting clinical management of cases and testing capabilities
As Singapore exits the circuit breaker, we will focus on safely re-opening our economy and our society
Details: go.gov.sg/fortitude

[11:31 am, 27/05/2020] : Dear contributors,
Welcome back! Our chat will be open from 12pm to 8pm today.
Please be reminded to be respectful and considerate to others in this WhatsApp chat group.
The topic will be posted shortly.

[11:45 am, 27/05/2020] : How to care for your ULTRAMASK?
1. Rinse front and back with room temperature water
2. Add a drop of soap and rub gently
3. Carefully wash away the soap
4. Hang dry your mask
Things to note:
1. Do not twist or wring
2. Do not use bleach, softener or detergent with fluorescent agent
3. Do not iron
Once your ULTRAMASK is dry, fold it and store it in the ziplock packaging.
Kid's mask can be washed with nose strip attached
Have you collected your mask?
-https://www.maskgowhere.gov.sg/

REACH
[12:00 pm, 27/05/2020] : πŸ“’ Topic πŸ“’
How will the measures introduced under the Fortitude Budget help you, as we continue to stand together during the COVID-19 pandemic?
DPM Heng Swee Keat yesterday announced a $33 billion Supplementary Budget, called the Fortitude Budget, which will provide support for businesses and workers to adapt, transform and seize new opportunities. It also gives additional support for households and the community to cope with the disruptions.

This includes an enhancement of the Jobs Support Scheme, a SGUnited Jobs & Skills Package which will create close to 100,000 opportunities in jobs, traineeships and skills training, as well as a one-off $100 Solidarity Utilities Credit for households with at least one Singapore Citizen.

πŸ‘‰ https://www.gov.sg/article/a-summary-of-the-fortitude-budget-2020
πŸ‘‰ https://www.singaporebudget.gov.sg/budget_2020/fortitude-budget#FortitudeBudgetMeasures

[12:02 pm, 27/05/2020] : Mainly,  to reskill and upgrade to keep pace with ever changing work environment
[12:02 pm, 27/05/2020] : Not easy for some, but if to survive this is the new normal I guess

[12:06 pm, 27/05/2020] ☸️  Danny εΏƒ:

REACH
[5:33 pm, 26/05/2020] : Supply chains shifts due to Covid-19 will impact economy but also present opportunities, says Chan Chun Sing
https://www.straitstimes.com/singapore/supply-chains-shifts-due-to-covid-19-will-impact-economy-but-also-present-opportunities?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-05-26%2017%3A05%3A45
---

(1) This virus pandemic has cause many business to grind to a halt.

(2) But at the same time, the virus pandemic has force many businesses who did not transform fast enough to do a cold turkey transformation to exploit digital ecommerce in order to survive.

(3) This has fulfil ITM (Industry Transformation Map) objective of transforming many traditional industries and business to embrace digital technologies to grow their international reach - whether for big enterprises, medium enterprises and even small enterprises - in a double quick time.

(4) By doing so, our businesses can help the Economy to grow phenomenally as our domesitc market is make up of only 5.6 million consumers and $560 billion domestic market.

(5) By embracing digitial technology to transform their business into eCommerce with international reach - we are tapping into the vast international market of $90 trillion and 6 billion people international market - a much larger market and business opportunities for our Enterprises.

(6) The current fortitude budget has further catalyse business especially SMEs to digitise their payment system like "Paynow SQ QR code", making purchase orders through online eDelivery platofrm etc. - where not only neighborhood customers can order their foods - but also people living in other parts of the Country.

(7) SMEs such as retail can also tap on digital platform, and utilise our global logisitical hub and regional supply chain to sell their products even to overseas customers.

(8) All these will help our local business to grow - not only catering to the local domestic market but also to international market.

(9) The combined "brick and mortar" business plus the newly transformed digital eCommerce platform - will help our local business to expand their business and customer base - that include not only their traditional customers, it also include customers outside the neighborhood and even overseas customers.

(10) If many businesses in Singapore are successful in transforming their business to harness Digital eCommerce, then on aggregate - our Economy will have expanded many fold.

(11) When the virus pandemic is finally over, our business can jumpstart and become a springboard to make our Economy flourish and gorow phenomenally - when the world lockdown is removed.

(12) If we succeed in transfoming our aggrgated business and Economy during this virus pandemic, then in short time, Government can accumulate good surplus and repay the money back (a whopping $52 billion) to the reserves that we have borrowed to tie over this virus pandemic.

(13) If our reserves are continuously depleted, Singapore without natural resources --- will be in deep trouble --- as if the next crisis strike --- we have nothing left to cushion and help our business and people back to the pink of health.

Hui Min
[12:46 pm, 27/05/2020] : Hi all, not sure if myself and my group of friends are the only one facing this issue, and if you all have any advice on this matter.
I think it's great and am appreciative of the help the government is providing for businesses and families. However it seems that there is a slip on a group of small businesses that do not qualify for JSS as LLP/sole proprietorship/partnership and they also do not qualify for SIRS. Meaning we get no assistance from the government thus far in terms of our personal pay and we as small business definately do need the financial help during this period of time.
Furthermore, with directors of pte ltd pay being included for JSS now it means that their pay is covered to 75% and a self employed persons eligibility is only a flat $1000. Example of the scenario of 2 individuals drawing the same pay for comparison purpose.
If person A (owner of pte ltd) and B (owner of LLP or sole proprietorship/partnership) makes the same income (say $4000) and pays same amount of tax. But person A gets $3,000 (75% under JSS) while person B gets $1000 (flat amount under SIRS). And yet not all self employed persons are eligible for SIRS. This means person A is given 3 times of the support of person B.
Our group of companies are in the events, marketing and creative industries hence we are definitely hit badly during this period and trying our very best to retain our team and survive this difficult period, but it's been an upwards challenge for us as the months goes by.
Any advice and help would be greatly appreciated.
Thank you all. Stay positive and stay safe!
@REACH Singapore Could you also help to bring this issue up to the relevant agencies please. Thank you.




[1:18 pm, 27/05/2020] ☸️  Danny εΏƒ:
When CB open up for Phase 1 - will there still be regulating of crowds into the shopping malls?
Notice this 2 days, some of this shopping malls are max out ie 100% crowded.

REACH
[3:13 pm, 27/05/2020] : Singapore reports 533 new COVID-19 cases, including 3 Singaporeans or permanent residents
Singapore reported 533 new COVID-19 cases as of noon on Wednesday (May 27), taking its total number of infections to 32,876.
Three cases are Singapore citizens or permanent residents.
The vast majority of the new infections involve foreign workers residing in dormitories, the Ministry of Health (MOH) said in its preliminary daily update.
More details and updates will be announced later in the day, MOH added.
More: https://www.channelnewsasia.com/news/singapore/covid-19-new-cases-may-27-533-dormitory-citizens-prs-12773350

[3:57 pm, 27/05/2020] ☸️  Danny εΏƒ:
Strange. Why local transmission still cannot be at zero?
That's still mild asymptomatic cases lurking in the community.
And we are opening up in 1 week times.

Ken
[3:58 pm, 27/05/2020] : Errr think everyone can guess that... just don’t know why can’t find the source hmm πŸ€”

REACH
[3:58 pm, 27/05/2020] : [Sent by Gov.sg – 27 May]
As of 12pm, MOH has preliminarily confirmed an additional 533 cases of COVID-19 infection in Singapore.
Majority are Work Permit holders residing in foreign worker dormitories.
Of the 533 cases, 3 are Singaporeans/PRs.
MOH will share further updates in its press release that will be issued later tonight.
go.gov.sg/moh27mayupdate

---

---

Rama
[4:25 pm, 27/05/2020] : Dear all, please do not squeeze or wring after you have washed the masks SG gov has given out recently.
See video in the manufacturer website on how to wash them.
https://vimeo.com/415442232

Ken
[5:16 pm, 27/05/2020] : Didn’t know cannot squeeze πŸ˜…
[5:16 pm, 27/05/2020] : Like that very long to dry

CQ
[5:29 pm, 27/05/2020] : You can try laying out a dry towel folded into 2, lay the mask flat on one end, then roll (macham making Swiss roll) and press.

[5:31 pm, 27/05/2020] ☸️  Danny εΏƒ:
Squeeze will spoil the fabric and protection layer.
If you hang it in front of a high velocity fan it will dry very fast, 2 hours dry up already.

CQ
[5:42 pm, 27/05/2020] : From the various sources I've seen, the incubation period observed around the world seems to be anywhere between 7 to 21 days, and commonly contagious between 3-5 days before symptoms first start showing. The behaviour for most people seems to be that they would visit the doctor around 2-3 days after they notice the symptoms and the test in itself takes 2 days because the tests are repeated over 2 days if I'm not wrong. So that means they would have been contagious for almost a week before they are picked up by out tests.
And singapore has observed that most patients are reportedly no longer contagious around 11 days after they became confirmed. So added to the time before they were confimed, that's conservatively about 21 days of being potentially contagious.
But it seems that different countries have observed different trends and symptoms, which seems to lend support to the research that there seems to be at least 3 strains of the virus around.

Rama
[6:23 pm, 27/05/2020] :
French dogs can sniff out covid-19 patients.
https://www.connexionfrance.com/French-news/Trained-dogs-succeed-in-sniffing-out-Covid-19-coronavirus

Monday, May 25, 2020

REACH - 88. View on the 4 Support Budget (SK)
26 May 2020 (12pm - 8pm)

REACH
[8:06 am, 26/05/2020] : Singapore's GDP expected to shrink between 4% to 7% as growth forecast cut again on COVID-19 impact
https://www.channelnewsasia.com/news/singapore/worst-recession-gdp-forecast-cut-again-covid-19-12767948

[11:16 am, 26/05/2020] : [Sent by Gov.sg - 26 May]
COVID-19: Cautious Re-Opening
S'pore has significantly reduced community cases, but not eliminated virus
Cases will rise as activities resume
- Due to undetected cases in population
- Eg. 8 out of 16,000 pre-school teachers recently tested positive
- Countries that lifted restrictions cautiously saw smaller increase in cases
Phased re-opening necessary
- Not all activities re-open so as to minimise interactions
- Enable quick detection and ring-fencing of new cases
- Test population proactively
- If measures work, we will resume more activities before end Jun
Protecting lives and livelihoods
- More support measures in 4th Budget later today
More: go.gov.sg/lw-25may

[11:42 am, 26/05/2020]  Greetings from REACH πŸ™‚
A warm welcome to those who have just been added to this chat group. You have been added as you had previously indicated your interest at one of our events or through our online forum.
This chat group is a platform for participants to share their views on national policies and issues. REACH constantly takes note of all the feedback and suggestions shared on our WhatsApp chats and will send them to relevant authorities for consideration.
Please be reminded to be respectful and considerate to others in this WhatsApp chat group.
REACH WhatsApp Terms of Use:
https://go.gov.sg/reach-whatsapp-terms
The topic for today will be posted shortly.
Megan

[11:50 am, 26/05/2020] : Dear contributors,
Welcome back! ☺️
⏰ Our chat will be open from 12pm to 8pm today.
πŸ—’ REACH is constantly taking note of all the feedback and suggestions shared on our WhatsApp chats, and will send them to relevant authorities for consideration.
Please be reminded to be respectful and considerate to others in this WhatsApp chat group. πŸ™πŸΌ
The topic will be posted shortly.
- Megan

[11:59 am, 26/05/2020] : ⏰ Our chat will be open till 8pm today ⏰
πŸ“’ Topic πŸ“’
How have the previously announced Unity, Resilience and Solidarity Budget supported you during this period?
At 3.30pm later today (26 May), a fourth support package called the 'Fortitude Budget' will be announced by Deputy Prime Minister and Minister for Finance Mr Heng Swee Keat in a ministerial statement on further plans to help businesses and people amid the ongoing COVID-19 outbreak. Jobs will be a key part of the Fortitude Budget.
This comes after the 3 previously announced support measures, under the Unity Budget speech in February, Resilience Budget speech in March and Solidarity Budget speech in April.
πŸ‘‰https://www.channelnewsasia.com/news/singapore/covid-19-dpm-heng-swee-keat-speech-help-businesses-individuals-12749402
πŸ‘‰https://www.channelnewsasia.com/news/singapore/covid-19-reserves-halimah-yacob-fortitude-budget-heng-swee-keat-12767544

====

[12:01 pm, 26/05/2020] ☸️  Danny εΏƒ:
---
The 4th Budget :-

(1) As companies lose business and people start losing jobs - it means business activities in the Economy has gone down and people with less disposable income will have less money to spend - that result in reducing consumption in the Economy.

(2) Both decrease in business activities and reduction in consumer consumption will dampen the Economy and lead to lower GDP growth.

(3) As a result, this means Government tax revenue will decrease - as lower consumption means lower GST collection and less business activities means lesser profit - and Government will collect lesser corporate tax and income tax.

(4) All these will result in a demultiplier effects on the Economy and lower Government revenue collection to finance next and future years' fiscal budget.

(5) The above will be the outcome - if Government do nothing to prop up the Economy when the Circuit Breaker ends - and the Economy open up in Phase 1.

----

With Government drawing on the reserves to prime the Economy - what will be merits and the drawback?
(1) The drawback is :-
a. When the reserves are again drawn out the 2nd time - Singapore Sovereign Fund will have lesser capital to invest on to earn investment income --- where 50% of the investment income known as the NIRC (Net Investment Return Contribution) can be used to fund the government spending in the annual fiscal budget.

b. What this mean is that, as there is a need to finance the healthcare, security, social welfare services, global climate defense, education, transport etc --- the reduction in NIRC contribution shortfall will need to be compensated from other income sources.

c. This income sources will be in the form of more taxes eg. GST, personal income tax, corporate tax etc.

d. Alternatively, there could be a need to resort to borrowing in the form of debt to finance future fiscal budget --- that will attract debt interest --- like what many other Countries are doing. (This is an undesirable option).

e. Another option, is to further draw on the reserves to finance the annual fiscal budget --- which is highly undesirable -- as we are depleting our reserves that can earn passive income -- to finance our running annual budget --- and soon all our reserves will be gone.

d. Thus, I hope this will be the last time we should draw on the reserves to finance the Economy while tackling the virus pandemic.

e. And we should be firm and assertive in clamping down on people who deliberate flout the social distancing rule -- such as not wearing face masks in public, not wearing the masks properly, break social distancing rules etc -- and not taking adequate measures to prevent the spread of the virus --- banking on the Government to render financial help perpetually --- when infection flare up and force the Government to close the Economy again.

f. Everytime we close the Economy - we are burning a big hole in our National Finance and depleting our National Wealth.

(2) The merits of this 4th Budgets are:-
a. We are keeping the business going and lesser business will go bust.

b. Many workers can still keep their jobs and earn salaries.

c. With business going and workers continue to earn salaries - business profit, consumer consumption will still keep the Economy going, GDP will go up and Government can still reap tax revenue from GST, corporate tax and income tax --- as the money spend stay within the internal Economy causing a multiplier effect - with little or no leakage.

d. When virus pandemic is over, all these business and jobs that are kept afloat can ramp up and jumpstart the Economy.

e. Hopefully when the Economy recover, Government will slowly replenish the money back to the reserves that were drawn out -- so that we can recoup back the loss soveregin capital, investment income and NIRC.

f. What we borrow now, we must return back later when we are doing well in the future.


[12:01 pm, 26/05/2020] ☸️  Danny εΏƒ:
https://www.straitstimes.com/sport/sports-facilities-to-remain-closed-in-phase-1-of-circuit-breaker-reopening-sport-singapore

(1) During the weekend when I buy dinner and went through a park - saw many people congregate as a group talking and walking with mask off, one family playing badminton with mask off, few old man sitting around a bench with mask off.

(2) The park is very crowded with so many people exercising in close quarter - and many did not maintain the social distancing of 1 metre with mask off.

(3) People already getting more and more complacent. And this is not the 1st time I witness such a scenario over the weekend. This weekend is more blatant.

(4) Suggest that face shield should be make mandatory for those jogging, brisk walk, doing exercise or cycling - so that everyone has protection in place when step out of the house.

(5) The pretext of not wearing masks during exercise - are giving people the excuse not to wear masks while congregating in the park --- and it become a potential hotspot for virus to spread especially when circuit breaker ends as more people will congregate in park to exercise.

(6) At least by making face shield mandatory for those who are out in exercise - will offer some form of protection not only for themselves but also the public at large.

Stanley
[12:05 pm, 26/05/2020] : Hope that ministers and MPs will take pay cut of 20-30% to contribute back to our reserves  in this Budget announcement

Caleb
[12:17 pm, 26/05/2020] : as alot of Singaporean are affected by COVID

Rama
[12:20 pm, 26/05/2020] : Yes

Ken
[12:14 pm, 26/05/2020] : f. What we borrow now, we must return back later when we are doing well in the future.
πŸ˜…πŸ˜…πŸ˜… so more tax?
[12:15 pm, 26/05/2020] : Years to build the reserves

[12:21 pm, 26/05/2020] ☸️  Danny εΏƒ:
Grow the economy, work harder to earn more income.
With higher growth, government revenue will increase.
With more surplus, government can repay the borrowed money back to the reserves.

Rama
[12:22 pm, 26/05/2020] : My personal take on this,  increased tax on liquor,  tobacco,  cigarettes,  motor vehicles,  property.

---
[3:10 pm, 26/05/2020] ☸️  Danny εΏƒ:

https://www.straitstimes.com/singapore/health/covid-19-patients-no-longer-infectious-11-days-after-getting-sick-research-shows


My close friend's comments :-

I read the above with apprehension.

(i)  What does it mean if MOH accepts the proposed motion to discharge persons infected with covid 19 using time-based criteria? 90% of our cases are migrant workers. So they will be released back to dormitories and join the workforce as CB measures relax? Those who are still ill (regardless of whether they are covid 19 related or triggered) will be discharged from NCID and isolation wards to general wards?

Then it begs the next question:

(ii) Is the time-based discharge criteria absolutely fail-safe? What is the scientific evidence behind this motion? That the covid 19 virus will die off after 9 days in the human body? Or does this motion rely much on empirical evidence of 73 subjects? From probability statistical modelling, where do we place this "very confident" in the confidence level? Is it 95% confidence level? Or 99% confidence level? A quick check using a sample-size calculator shows that given a population size of 16199 (number of current active cases); at 99% confidence level; and with 73 subjects as the sample size; we get a margin of error of around 15.06%, meaning empirically there may be 2439 outliers who may still be infectious? To reduce the margin of error, there needs to increase the sample size. E.g. At 99% confidence level, 3% margin of error, good sample size should be 1660 for 16199 active cases.

(2) this news came at a time when singapore is cautiously preparing to end the circuit breaker and resuming the activities in phases to avoid new cases flaring up. If the above is not absolutely fail-safe, it means we are sending positive cases back to the community.  It takes Singapore about 1 month (barring resource constraints) to proactively test 15300 pre-school staff. At around halfway mark, it was reported that 7 were infected. And many of us were relieved at the news.  Cannot imagine if as many as 2439 still infectious cases may be introduced back to the community and negate countless man-months of our containment efforts

(3) Singapore's medical team findings in this context is worth celebrating and we should be proud. Adopting it as position and discharged criteria has heavy considerations. We started the CB with 1481 cases on 7 apr. We have 31960 cases as at 25 May. The daily total new cases have not come down, subject to testing capacity. So we are not out of the woods yet. But life has to go on, the economy needs to resume before it is too late. Hence, the careful phased relaxation of CB measures. So many groups yearning for reprieve to fast forward the relaxation. They had never been covid 19 positive in the first place. Don't they deserve earlier resumption of activities?

(4) if MOH agrees with the proposed position, can the relevant authorities put in place mitigation measures please.

Ken
[3:14 pm, 26/05/2020] : πŸ‘ wah use Z table, I am lazy 🀣🀣
But very good interpretation. Can’t find the publish studies.. anyway have link to it?

REACH
[3:14 pm, 26/05/2020] :
383 new Covid-19 cases in Singapore, including 1 Singaporean or PR
https://www.straitstimes.com/singapore/health/383-new-covid-19-cases-in-singapore-including-1-singaporean-or-pr?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-05-26%2015%3A05%3A40

[3:19 pm, 26/05/2020] ☸️  Danny εΏƒ:
No link.
My close friend do the study.

Ken
[3:19 pm, 26/05/2020] : I mean the gov NCID study
[3:19 pm, 26/05/2020] : Only find the statement but no study

[3:20 pm, 26/05/2020] ☸️  Danny εΏƒ:
Well we read from the news article.
https://www.straitstimes.com/singapore/health/covid-19-patients-no-longer-infectious-11-days-after-getting-sick-research-shows

Ken
[3:21 pm, 26/05/2020] : Want to read the study lol... I am from scientific background so want to understand the study... πŸ˜†
[3:22 pm, 26/05/2020] : They never do peer review just by MOH approve or not can arh

[3:23 pm, 26/05/2020] ☸️  Danny εΏƒ:
NCID say it want to publish a medical journal.
A peer medical study done by Germany - but 8 or 9 persons - sample size very small.
WHO has not endorsed yet.

SS
[3:29 pm, 26/05/2020] : is it safe to said that the cases are more or less controlled? since most are still foreigners?

[3:30 pm, 26/05/2020] ☸️  Danny εΏƒ:
But this foreigners are part of our work force that will join the community.


====


REACH
[5:33 pm, 26/05/2020] +65 8637 2164: Supply chains shifts due to Covid-19 will impact economy but also present opportunities, says Chan Chun Sing
https://www.straitstimes.com/singapore/supply-chains-shifts-due-to-covid-19-will-impact-economy-but-also-present-opportunities?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-05-26%2017%3A05%3A45
---


(1) This virus pandemic has cause many business to grind to a halt.

(2) But at the same time, the virus pandemic has force many businesses who did not transform fast enough to do a cold turkey transformation to exploit digital ecommerce in order to survive.

(3) This has fulfil ITM (Industry Transformation Map) objective of transforming many traditional industries and business to embrace digital technologies to grow their international reach - whether for big enterprises, medium enterprises and even small enterprises - in a double quick time.

(4) By doing so, our businesses can help the Economy to grow phenomenally as our domesitc market is make up of only 5.6 million consumers and $560 billion domestic market.

(5) By embracing digitial technology to transform their business into eCommerce with international reach - we are tapping into the vast international market of $90 trillion and 6 billion people international market - a much larger market and business opportunities for our Enterprises.

(6) The current fortitude budget has further catalyse business especially SMEs to digitise their payment system like "Paynow SQ QR code", making purchase orders through online eDelivery platofrm etc. - where not only neighborhood customers can order their foods - but also people living in other parts of the Country.

(7) SMEs such as retail can also tap on digital platform, and utilise our global logisitical hub and regional supply chain to sell their products even to overseas customers.

(8) All these will help our local business to grow - not only catering to the local domestic market but also to international market.

(9) The combined "brick and mortar" business plus the newly transformed digital eCommerce platform - will help our local business to expand their business and customer base - that include not only their traditional customers, it also include customers outside the neighborhood and even overseas customers.

(10) If many businesses in Singapore are successful in transforming their business to harness Digital eCommerce, then on aggregate - our Economy will have expanded many fold.

(11) When the virus pandemic is finally over, our business can jumpstart and become a springboard to make our Economy flourish and gorow phenomenally - when the world lockdown is removed.

(12) If we succeed in transfoming our aggrgated business and Economy during this virus pandemic, then in short time, Government can accumulate good surplus and repay the money back (a whopping $52 billion) to the reserves that we have borrowed to tie over this virus pandemic.

(13) If our reserves are continuously depleted, Singapore without natural resources --- will be in deep trouble --- as if the next crisis strike --- we have nothing left to cushion and help our business and people back to the pink of health.