REACH 373 - What are your views on the results of the IPS study on Singapore’s outlook towards the future? How can we strengthen our social compact to enable us to progress together to build a better future?
(SK)
15 Jul 2022 (10am - 7pm)
REACH
[9:46 am, 15/07/2022] +REACH: Dear Contributors,
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Megan ๐
[10:00 am, 15/07/2022] +REACH: ๐ข Topic ๐ข
Released on Thursday (July 14), the study, conducted by the Institute of Policy Studies (IPS) think-tank, polled respondents on Singapore’s outlook towards the future, such as emerging concerns and perceptions towards Government leadership, as well as the lessons learnt from the pandemic.
About 64 per cent of Singaporeans feel that Singapore is well prepared and ready, should there be another pandemic, based on the city-state's performance dealing with COVID-19, according to the research.
In particular, 60 per cent say they trust the Government has the best possible 4G leader to navigate divisions within society; 59 per cent trust DPM Lawrence Wong is the best possible 4G leader to navigate Singapore’s dealings with other countries; and 57 per cent believe DPM Wong is the best possible 4G leader to navigate Singapore’s post-Covid-19 recovery.
๐ฌ What are your views on the results of the IPS study on Singapore’s outlook towards the future? How can we strengthen our social compact to enable us to progress together to build a better future?
The same study also found that cost of living - in particular, in areas of healthcare, utilities and food - ranks among the top worries of Singaporeans as the country moves forward from the COVID-19 pandemic.
Here are 10 key takeaways from the study:
1. Coping with rising cost of living
2. Immediate needs should be Singapore’s focus post-pandemic
3. Six in 10 say Lawrence Wong is best choice among 4G
4. Confidence in dealing with the next pandemic
5. New habits likely to stick
6. Mask-wearing the new normal
7. On tracing, testing and travel
8. Ensuring supplies, preparedness among lessons learnt
9. Resilience of institutions ranks high
10. Younger people took larger hit to mental health
More info on the study by IPS on Singapore moving forward through COVID-19 in Singapore:
https://lkyspp.nus.edu.sg/docs/default-source/ips/ips-working-paper-no-46_moving-forward-through-covid-19-in-singapore.pdf
More info on the collective effort on Forward Singapore:
https://www.sg/forwardsg
๐๐ป Post COVID-19, what’s on Singaporeans’ minds? 10 things that stuck out in IPS survey
https://str.sg/wbH9
๐๐ป6 in 10 S’poreans trust that Lawrence Wong is best 4G leader to lead country in post COVID-19 world: IPS survey
https://str.sg/wbHC
๐๐ป Lawrence Wong launches 'Forward S'pore' to set out road map for a society that 'benefits many, not a few'
https://str.sg/wLQ8
-----
[10:05 am, 15/07/2022] +BL: 6 out of 10 is not a ringing endorsement. Who else is even a possibility? Maybe in time his presence will elevate and more people will be familiar with him.
[10:18 am, 15/07/2022] +Guillermo Cabeza: 6 out of 10 is in line with the 61% of the electorate who voted for the PAP in 2020. So not surprising that is similar to the above data. It would be worrying if the "approval" was much below 6/10 and a surprise if it was much higher.
[10:21 am, 15/07/2022] +Guillermo Cabeza: The conclusion of Forward S'pore should be followed soon after by a complete leadership renewal (i.e. PM and his senior cabinet members step down) to enable DPM Wong to become PM and move forward with his team
[11:28 am, 15/07/2022] +lesli: https://www.straitstimes.com/singapore/sri-lanka-president-rajapaksa-arrives-in-singapore-understood-to-have-tendered-his-resignation
Is this what STB mean by more arrivals ๐
[11:30 am, 15/07/2022] +Frankie Wee: Sri Lanka is faced crisis economy and debt. His ppl very angry over foods, water, electric shortage.
[11:30 am, 15/07/2022] +CalebIs SG for transit I guess. He flying over to middle east
[11:33 am, 15/07/2022] +Rama: Clandestine arrival
[11:37 am, 15/07/2022] +Frankie Wee: Sri Lanka ๐ฑ๐ฐ
Law enforcement by police no power control ppl unrest. Le…
[11:53 am, 15/07/2022] +Sunshine Pooh: private visit then why is our police giving security and additional protection to him?
[11:59 am, 15/07/2022] +BL: safest place to be
[0:05 pm, 15/07/2022] +Timothy Low: Not surprised that the younger population took a larger hit on mental health issues. Nowadays schools are proactively teaching on mental health issues and students are now more aware. However, I feel that schools should as and when conduct mental health screening in different junctures of the year to find out how the students are coping and to also deploy more school counsellors to help students to deal with these mental health issues.
Moving forward, the society at large should destigmatize people from seeking help for mental health issues. Seeking mental recovery should be treated as equal as getting mc to recover from illnesses.
[1:18 pm, 15/07/2022] +BL: Agreed. And teaching kids about it to help de stigmatise is good, but there also need support mechanisms in place to help treat them.
[1:28 pm, 15/07/2022] +jimmy chew: https://www.channelnewsasia.com/singapore/heng-brothers-cheat-banks-suspected-money-laundering-scheme-russia-2788446?cid=internal_mcdrecs_15072022_cna#mdcrecs_s
[1:30 pm, 15/07/2022] +jimmy chew: I am surprised that they get so Little punishment for acting as directors to a money laundering company. I think penalty should be higher because they acted blur to run a company to absolved responsibility
[1:33 pm, 15/07/2022] +jimmy chew: The way Lawrence handled the covid crisis showed his style and the support the other leaders have for him and those under them.
[1:47 pm, 15/07/2022] ☸️ Danny ๅฟ:
1. Looking at the IPS survey, about 60% support the 4G leadership - seems to reflect the voting pattern of Singapore.
2. One thought comes to my mind, does income level correspond to the support level of the Government leadership?
I search the web and discover the income level 2021 - comprise of about 41% of household with $10,000 and below per month.
About 58.2% belong to household of $10,000 to $20,000 per month.
- So more or less the higher income level correspond to the level of support of leadership - about 60%.
(Note:- In 2011 - 56.5% household has $10,000 per month and below, 43.5% has higher income level).
3. Seems like income level do play a part in the support of leadership - but not entirely.
Some lower income level people that benefited from the Government help - also support the leadership.
Looking at the voting trend - 60% seems to be a strong supporters of the government, whereas 40% favours the opposition.
However, in better times, 10% seems to be the swing voters - as it is possible to achieve 69% to 70% support.
30% are hardcore opposition.
[2:04 pm, 15/07/2022] ☸️ Danny ๅฟ:
1. To test the theory of income level - correspond to the level of support for the Government - those who do well financially - whether in employment, business, academic, household type - will mostly vote for the Government - based on my conversation with these people.
2. But low income families that receive assistance from the Government - also likely to vote for the Government - based on what I know.
3. However, notice that those who are more vocal in criticising the Government, unhappy about their jobs, study, finances, or other issues - express that they will vote against the Government regardless of who the opposition is.
This seems to be outcome of a democracy process - and the risk the whole Nation is taking - that a freak result can occur in an election.
Hopefully we won't end up like Sri Lanka - to be rule by an incompetent leadership that mismanage the Country.
[2:16 pm, 15/07/2022] ☸️ Danny ๅฟ:
1. It make sense for higher income households to support the government - because people want their wealth to be protected.
2. Lower income people with support from the government are also more likely to vote for the government - as they want the government to continue to support them.
3. People who are more critical of the government - are likely to be those that have not benefited or perceived government has not look into their needs - are more likely to vote against the government - in the form of protest votes.
Not that the oppositions are better candidates.
4. Hence the incumbent must continue to bring in high quality candidates to win the election and helm the political leadership.
5. At the same time, look into those people who felt "neglected" to see how their needs or worries can be addressed - to win them over.
[3:59 pm, 15/07/2022] ☸️ Danny ๅฟ:
https://www.newsweek.com/russia-panic-mode-ukraine-war-himars-strikes-haidai-luhansk-1724238
Russians 'in Panic Mode' Over Strikes by U.S.-Supplied HIMARS: Ukraine.
[3:59 pm, 15/07/2022] ☸️ Danny ๅฟ: https://bulgarianmilitary.com/2022/07/13/russian-s-400-missile-system-isnt-able-to-intercept-himars-rocket/
Russian S-400 missile system isn’t able to intercept HIMARS rocket.
[4:08 pm, 15/07/2022] ☸️ Danny ๅฟ:
1. SAF has similar effective and lethal Himars in our arsenal.
2. Himars can penetrate air defense system because it flies below the radar detection coverage range.
3. Hence important for SAF to develop IADS to be able to detect contour hugging missiles system such as the Himars e.g. sensors - so as to make our IADS foolproof.
[4:10 pm, 15/07/2022] +Rama: Agree
[4:16 pm, 15/07/2022] ☸️ Danny ๅฟ:
This applies to :-
1. Helicopter gunship
2. Drones
That are contour hugging and fly below the radar coverage - to hit the armour, infantry concentration and air defense batteries.
Hence learning from the experience of Ukraine, our IADS need to beef up the radar blindspots to make our air defense foolproof.
[4:22 pm, 15/07/2022] +james: There are multiple sensors in our IADS to overlap and ensure completeness of air picture
[4:37 pm, 15/07/2022] +REACH: Dear Contributors,
We want to HEAR MORE from YOU!
We have had good feedback from this group, and we hope that we can keep the discussion robust and active!
Megan ๐
[4:41 pm, 15/07/2022] ☸️ Danny ๅฟ:
Good.
[5:01 pm, 15/07/2022] +REACH: ๐ข Topic ๐ข
Released on Thursday (July 14), the study, conducted by the Institute of Policy Studies (IPS) think-tank, polled respondents on Singapore’s outlook towards the future, such as emerging concerns and perceptions towards Government leadership, as well as the lessons learnt from the pandemic.
About 64 per cent of Singaporeans feel that Singapore is well prepared and ready, should there be another pandemic, based on the city-state's performance dealing with COVID-19, according to the research.
In particular, 60 per cent say they trust the Government has the best possible 4G leader to navigate divisions within society; 59 per cent trust DPM Lawrence Wong is the best possible 4G leader to navigate Singapore’s dealings with other countries; and 57 per cent believe DPM Wong is the best possible 4G leader to navigate Singapore’s post-Covid-19 recovery.
๐ฌ What are your views on the results of the IPS study on Singapore’s outlook towards the future? How can we strengthen our social compact to enable us to progress together to build a better future?
The same study also found that cost of living - in particular, in areas of healthcare, utilities and food - ranks among the top worries of Singaporeans as the country moves forward from the COVID-19 pandemic.
Here are 10 key takeaways from the study:
1. Coping with rising cost of living
2. Immediate needs should be Singapore’s focus post-pandemic
3. Six in 10 say Lawrence Wong is best choice among 4G
4. Confidence in dealing with the next pandemic
5. New habits likely to stick
6. Mask-wearing the new normal
7. On tracing, testing and travel
8. Ensuring supplies, preparedness among lessons learnt
9. Resilience of institutions ranks high
10. Younger people took larger hit to mental health
More info on the study by IPS on Singapore moving forward through COVID-19 in Singapore:
https://lkyspp.nus.edu.sg/docs/default-source/ips/ips-working-paper-no-46_moving-forward-through-covid-19-in-singapore.pdf
More info on the collective effort on Forward Singapore:
https://www.sg/forwardsg
๐๐ป Post COVID-19, what’s on Singaporeans’ minds? 10 things that stuck out in IPS survey
https://str.sg/wbH9
๐๐ป6 in 10 S’poreans trust that Lawrence Wong is best 4G leader to lead country in post COVID-19 world: IPS survey
https://str.sg/wbHC
๐๐ป Lawrence Wong launches 'Forward S'pore' to set out road map for a society that 'benefits many, not a few'
https://str.sg/wLQ8
[5:30 pm, 15/07/2022] ☸️ Danny ๅฟ:
6. So to summarize, helping households to improve their earning capabilities and capacity - seems to be a safer bet to ensure social compactness.
7. A better endow household will tend to play safe by voting for the government to:-
a. Protect their wealth and assets.
b. More contented and less likely to pick on the government - as they are self sufficient - less likely to be affected by economic crisis.
8. Government should not only focus on the lower income - but should also look into the statistics of the sandwich groups - especially the middle income with more dependants such as the children and elderly to look after - and see how to uplift this sandwich group.
9. If the government is able to successfully uplift another 10% of the middle income group to cross the $10,000 a month threshold - then probably the government can ensure a 70% support instead of the current 60% support.
10. Caveat:- I can't directly correlate income level to vote.
But I can infer, higher income households will be more careful with their votes and less likely to throw a protest votes - because no people will want to bite a person that make him wealthy and comfortable.
[5:36 pm, 15/07/2022] +Joseph: Unless... they get so cocky - because they think they are rich and/or self-made and/or don't need the Govt anymore .. which I actually see a lot of ๐
[5:37 pm, 15/07/2022] ☸️ Danny ๅฟ:
Hahaha...
Quite unlikely.
An unstable government can make them worry - and their wealth vanish in double quick time.
[5:37 pm, 15/07/2022] ☸️ Danny ๅฟ:
Eg. Like Sri Lanka, Haiti.
[5:38 pm, 15/07/2022] ☸️ Danny ๅฟ:
1 euro is now worth 1 US dollar for the first time in 20 years.
Previously US$1.60 = 1€.
https://www.straitstimes.com/business/economy/1-euro-is-now-worth-1-us-dollar-for-the-first-time-in-20-years
[5:38 pm, 15/07/2022] ☸️ Danny ๅฟ:
"What's the impact of euro parity with the dollar?"
https://sg.yahoo.com/news/explainer-whats-impact-euro-parity-170012669.html#:~:text=EXPLAINER%3A-,What%27s%20the%20impact%20of%20euro%20parity%20with%20the%20dollar%3F,-Via%20AP%20news
[5:38 pm, 15/07/2022] ☸️ Danny ๅฟ: https://www.scmp.com/news/china/politics/article/3185102/china-bank-scandal-protesters-report-harassment-restrictions
China bank scandal protesters report harassment, restrictions.
Several depositors in the Henan banks at the centre of fraud allegations say they have been called by police or had their social media use limited.
The affected customers travelled to a protest in Zhengzhou on Sunday that ended with a violent attack.
[5:39 pm, 15/07/2022] ☸️ Danny ๅฟ:
See EU wealth plummet - when their Euro drop from 1.60 US to 1 to 1.
[5:39 pm, 15/07/2022] ☸️ Danny ๅฟ:
Run on banks in Henan.
[5:41 pm, 15/07/2022] ☸️ Danny ๅฟ: https://www.bloomberg.com/news/articles/2022-07-13/chinese-homebuyers-across-22-cities-refuse-to-pay-mortgages
Chinese Homebuyers Across 22 Cities Refuse to Pay Mortgages.
Home loan payment halts may cause $83 billion of bad debt.
China Construction Bank, Postal Bank, ICBC may be more exposed.
Bloomberg News
13 July 2022 at 10:40 GMT+8
Updated on13 July 2022 at 14:21 GMT+8
[5:41 pm, 15/07/2022] ☸️ Danny ๅฟ: https://www.channelnewsasia.com/business/why-euro-tumbled-parity-us-dollar-2809161
Why the euro has tumbled to parity against the US dollar. Import more expensive for EU. EU wealth depreciated.
[5:41 pm, 15/07/2022] ☸️ Danny ๅฟ:
China property market shock.
[5:42 pm, 15/07/2022] ☸️ Danny ๅฟ:
So if voters play with their votes - they are also fooling with their wealth and assets - that can vanish in no time.
[5:44 pm, 15/07/2022] +Frankie Wee: Because Russian sell cheap fuel oils
[5:46 pm, 15/07/2022] +SL: I would say this survey provides insight into the crossroad in the year 2/3 after the covid-19 outbreak. Continue survey at the interval period in 2025, 2028, and 2031 maybe offer further insight to policymakers given the tremendous continued changes in world orders in related areas.
[5:46 pm, 15/07/2022] ☸️ Danny ๅฟ:
1. Russia sanctions gas to EU. Energy shock. Production in EU stop
2. Food & material blockade - high food prices and raw material disruption.
[5:51 pm, 15/07/2022] ☸️ Danny ๅฟ:
https://www.bbc.com/news/world-europe-62171284.amp
[5:51 pm, 15/07/2022] ☸️ Danny ๅฟ:
My close friend comments: Another leader stepping down.
My comments : Oh dear.
Pandemic and war trigger many political crisis.
[5:58 pm, 15/07/2022] +Joseph: you are assuming they know when they are "playing with their votes"
[5:59 pm, 15/07/2022] ☸️ Danny ๅฟ:
Hahaha...
I hope they are rational and mature voters.
No guarantee higher income translate to votes - but majority will.
[6:01 pm, 15/07/2022] +SL: New industries may emerge, existing payment methods and gateway may be enhanced, new concepts/ways of going green, and new technologies and processes discovered to contribute to humankind and the environment. New financial systems etc. @ external will provide new opportunity for Singaporean in the future to excel. I m optimised with the upcoming era with the leadership of 4G.
[6:07 pm, 15/07/2022] ☸️ Danny ๅฟ:
So there is a tangible target for the government to work forward.
10% of middle income group - to uplift to $10,000 per month per household.
Quite achievable for 3 years before the next GE.
[6:08 pm, 15/07/2022] ☸️ Danny ๅฟ: This group...
[6:10 pm, 15/07/2022] ☸️ Danny ๅฟ:
Of course the rest of the lower income group also uplift by one notch.
[6:20 pm, 15/07/2022] +SL: Covid 19, effectively changes the job landscape. The business owner discovered the benefit of Remote work practice, and hence effectively, after covid, workers in dedicated industries are not only competing with peers within Singapore but globally
[6:31 pm, 15/07/2022] +SL: I heard there is a trend to ask on social media Asking who next in Europe
[6:34 pm, 15/07/2022] ☸️ Danny ๅฟ:
Meaning??
[6:34 pm, 15/07/2022] +SL: North Stream 1 undergo maintenance from 11/7 to 21/7 CET
[6:34 pm, 15/07/2022] +SL: Maybe the message is asking Who next in europe to step down
[6:35 pm, 15/07/2022] +SL: Scheduled maintenance
[6:35 pm, 15/07/2022] ☸️ Danny ๅฟ:
Should ask - what should EU do - to stabilise their current crisis.
[6:36 pm, 15/07/2022] +SL: May I ask which source of Food and material blockage?
[6:37 pm, 15/07/2022] +SL: European citizen will ask maybe
[6:37 pm, 15/07/2022] ☸️ Danny ๅฟ:
Ukraine.
Russia material eg. Gas, fuel, fertilizer, food etc
[6:37 pm, 15/07/2022] +jimmy chew: Nah they are rich enough to migrate
[6:38 pm, 15/07/2022] ☸️ Danny ๅฟ:
Who will want to migrate unnecessarily unless no choice.
[6:43 pm, 15/07/2022] +SL: Euro was previously a hard currency to trade Russian oil and gas for European countries. After the sanction, Russia required European countries to pay in rubles. This effectively reduced the demand for the euros for the transaction. In addition, the x numbers of risk of keeping euro in countries central bank increased also reduced the demand.
[6:44 pm, 15/07/2022] +SL: Thanks for the info
[6:45 pm, 15/07/2022] +SL: The euro is near the point it was first introduced to the market
[6:46 pm, 15/07/2022] +REACH: Dear Contributors,
⏰ We will be closing the chat in 15 minutes ⏰
Thank you very much for being part of our WhatsApp chat and participating actively.
Goodnight!
Megan ๐
[6:46 pm, 15/07/2022] +Smiley face: https://youtu.be/VcL66zx_6No
[6:49 pm, 15/07/2022] ☸️ Danny ๅฟ:
The strength of the currency reflects the wealth and assets of the country.
Currency if depreciate in values, it mean the country buy less goods and services overseas.
The country and their residents wealth also depreciated if converted into foreign currencies.
Hence voters need to take their votes seriously because it is directly related to our personal well being.
An unstable government will means an unstable home for us.
Our wealth can become worthless if we vote in an incompetent government.
[6:49 pm, 15/07/2022] ☸️ Danny ๅฟ:
No country, no home.
[6:51 pm, 15/07/2022] +SL: In general, the strength of the currency reflects the wealth of countries. However, this rule is not applying to the most powerful currency in this world in a way
[6:53 pm, 15/07/2022] ☸️ Danny ๅฟ:
The world is propping up US dollars because it is the world foreign exchange for international trade.
But more and more countries are doing bilateral currency swap - and the proportion of US currency exchange in trade is slowly going down.
[6:54 pm, 15/07/2022] +Say Juan: What about the JPY?
If we over appreciate our currency, we might wipe ourselves out of the export market
[6:54 pm, 15/07/2022] +SL: Btw, euro cases are complicated, and the factors that affect the euro cannot be the same as other regions and countries
[6:54 pm, 15/07/2022] ☸️ Danny ๅฟ:
Through Swift currency exchange.
[6:54 pm, 15/07/2022] +SL: How much you know about swift ?
[6:55 pm, 15/07/2022] +SL: Swift is not a currency exchange ?
[6:55 pm, 15/07/2022] +SL: It a message … oh noooo time to do grab liao :)
[6:55 pm, 15/07/2022] +Smiley face: https://youtu.be/zMg9Gjz8PKs
[6:55 pm, 15/07/2022] ☸️ Danny ๅฟ:
We peg our exchange to a basket of currency not only US dollars - this will ensure we are competitive in trade but yet able to buffer against imported inflation.
[6:57 pm, 15/07/2022] +SL: Hoping up USD got many ways, and there is a standard view in the western financial market to make sure USD continues to strengthen. Alternatively, the fed can look for countries to devalue their own country current to jack up USD demand
[6:57 pm, 15/07/2022] ☸️ Danny ๅฟ:
Well I used swift for currency exchange.
[6:57 pm, 15/07/2022] ☸️ Danny ๅฟ:
Swift code.
[6:57 pm, 15/07/2022] +Smiley face: Seems all or almost all major Currencies of say G20 will be devalued against the USD. Its one way towards devaluation...
[6:58 pm, 15/07/2022] +SL: Swift is one of the most popular payment gateway use globally
[6:58 pm, 15/07/2022] +Smiley face: Next question would be, how extensive and intensive these FXs movement against the dollars?
[6:58 pm, 15/07/2022] ☸️ Danny ๅฟ:
Japanese yen not as big as US dollars.
[6:59 pm, 15/07/2022] +SL: USD is one of the currency available in international trade
[6:59 pm, 15/07/2022] ☸️ Danny ๅฟ:
EU bigger - close to $20 trillion like US and China.
[7:00 pm, 15/07/2022] +Smiley face: 15 July, 2022
"The 50/50 of Many Things That Money Can't Buy (้้ฑไธๆฏไธ่ฝ็)"
Young Ones:
Demographically in 2025, the age group 21 to 29, especially the 21 yrs will caste their first timer votes. What's their actual opinions likely be?
In building up to 2025, today's, age 15 to 20 will be next first timers to caste their first votes. When and how can we start "engaging and educating" these two groups of new voters the choice of this and that?
To close up, how about the age group of 50 yrs to 65 yrs? What's their challenges and opportunities into 2030 ?
Finally, all the above plus the rest of the age groups, how happy are they in their respective stations in life?
Afterwords:
https://youtu.be/m65067cigHI
https://youtu.be/zMg9Gjz8PKs
https://youtu.be/zMg9Gjz8PKs
https://youtu.be/VcL66zx_6No
[7:00 pm, 15/07/2022] +Say Juan: Have you compete against a Malaysian, Vietnamese, Indonesian, Indian in IT business? We need to be 2 to 3 times better and more productive before we can win any overseas project. Unlike the US & European, they have international brands. Most of our IT companies are only doing well in the local market.
[7:01 pm, 15/07/2022] ☸️ Danny ๅฟ:
Japanese yen only $5 trillion.
[7:01 pm, 15/07/2022] +Say Juan: Alternatively, SG companies set up subsidiaries overseas to utilise these lower cost resources to compete
[7:02 pm, 15/07/2022] +REACH: Dear Contributors,
We will be closing the chat for today.
Thank you very much for being part of our WhatsApp chat and participating actively.
Goodnight!
Megan ๐
=====
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