Friday, November 24, 2023

REACH 514 - What are your views on the Constitutional Amendment to allow president and ministers to take on international appointments in their private capacities?

(SK)

24 Nov 2023 (10am - 7pm)


REACH

24/11/23, 9:46 am - +REACH: *Dear Contributors,*

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24/11/23, 9:59 am - +REACH: 📢 *Topic* 📢

On 22 November 2023, the Parliament passed a Constitutional Amendment allowing president and ministers to take on international roles in their private capacities. Previously, under the Constitution, the President may hold global appointments in an official capacity. 

“This Bill allows (the president) to express private views but still serve in the national interest, doing duties that are integral and part and parcel of presidential duties”, said DPM Lawrence Wong. 

💬 *What are your views on the Constitutional Amendment to allow president and ministers to take on international appointments in their private capacities?*

In assessing invitations for the President to take on international appointments, the Cabinet will consider the commitments expected by the role, such as the meeting load and travel demands. 

“This will ensure that the President’s holding of these roles remains to Singapore’s benefit and will not in any way affect his ability to exercise the rest of his constitutional duties,” DPM Wong said. “The Prime Minister will likewise do the same for roles involving ministers.”

President Tharman Shanmugaratnam currently holds four international appointments. These are positions he held when he was senior minister. He now holds these roles in his official capacity as President, with the advice and support of the Cabinet, and does not receive any remuneration or other benefits from these appointments. 

_Benefits of taking global roles in private capacity_:

📌 While international bodies want appointees to carry on with their official roles, and bring with them their official status and reputations, they also seek independent contributions from these appointees to fulfil the goals of each organisation. 

📌 Taking on such a post should be helpful in advancing Singapore’s standing and interest on the international stage, and offer benefits to Singapore as a whole or the government overseeing the sector that organisation operates in. For example, the president or the minister’s participation could help advance views that are aligned with Singapore’s outlook and approach on issues which help shape the global agenda in areas that are critical to Singapore.

📌 At a stage of development where national interests are becoming more closely intertwined with global interests, and the Bill will help to strengthen Singapore’s voice in the international stage and add to its participation in influential global forums.

👉 https://www.straitstimes.com/singapore/politics/constitution-amended-to-let-president-take-global-roles-in-private-capacity-if-in-national-interest

24/11/23, 10:01 am - ~ REACH Singapore changed the group description

24/11/23, 10:01 am - ~ REACH Singapore changed this group's settings to allow all participants to send messages to this group

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24/11/23, 10:17 am - +Ben: This is a terrible idea and terrible timing. We just elected him and it's clear that this was on the agenda all along, but no one told us?

The beauty of our presidency was impartiality and only serving Singapore's interest, not private and personal interests.

I'm quite shocked by this.

It's not like he needs the money....

Why can he not contribute as our president and feel free to offer advice and support but not directly benefit?

24/11/23, 10:18 am - +Ben: and I just read that this has extended to Ministers too? This opens the door to corruption and conflict of interest. What is the justification for this?

24/11/23, 10:19 am - +Frankie Wee: Not only singaporean benefit but development in private sectors capacity. How to be role president and where he was constituted amended in 1965 independent states.

24/11/23, 10:20 am - +Ben: This concentrates power and resources to too few people.

24/11/23, 10:25 am - +Jeffrey: We should not take constitutional amendments lightly, even though we cannot do anything to stop constitutional amendments.

What did the opposition parties offer as arguments against this? <This message was edited>

24/11/23, 10:26 am - +Ben: I can't understand how this just get passed with no discussion or debate or consultation. Amending the constitution is like heart surgery on our nation.

24/11/23, 10:28 am - +Rama: Totally against it! Blatant disrespect of the electorate vote!😳🤦‍♂️😡😖

24/11/23, 10:30 am - +Frankie Wee: Mean he sale the constitution for amend if any country interest in private capacity lets said Africa accept how?

24/11/23, 10:34 am - +Liang Wei: Very disappointing for someone so highly respected in our country

1) When someone assumes a position like presidency, the person should respect and protect the existing constitutional requirements n not be holding positions that diminish that in any way.

He should have resigned from those positions before assuming the presidency or at the very least make definite plans to end these in the near term.

2) Any merits of such a move can be discussed subsequently. And he can then legitimately assume roles later after the country has considered things carefully.

If he cannot even show basic respect to the due process of the constitution, he really does not deserve the trust we placed in him

24/11/23, 10:36 am - +Ben: 100%. I think this will be very damaging for the Government, sadly.

24/11/23, 10:40 am - +Liang Wei: <Media omitted>

24/11/23, 10:46 am - +Ben: key word being 'preserve' and certainly not to change it for personal gain....

24/11/23, 10:50 am - +KL: Hahaha why ask when they already decided ?

24/11/23, 11:03 am - +Ben: Maybe Gov can do a better job of explaining the situation because it's very unclear in the ST article...

24/11/23, 11:03 am - +KL: This remind me that NSF cant moonlighting right ?

24/11/23, 11:03 am - +Rama: Government and Parliament played out the electorate! Not my president!

24/11/23, 11:03 am - +Rama: Dammed blady rude!

24/11/23, 11:03 am - +Rama: No white paper or referendum!

24/11/23, 11:03 am - +Rama: Dangerous precedence!

24/11/23, 11:03 am - +Rama: Wth!?

24/11/23, 11:07 am - +Kenneth Lee WM: I don't mind our *current* president holding international posts because i trust that he will do the right thing.  that trust does not extend to others in the future that comes after him.

This is another example where we have given our present government carte blanche to do anything they like.  It also shows the importance of voting the right people into the government because of the power we will be giving them.

24/11/23, 11:08 am - +Kenneth Lee WM: right people = people who will look out for the nation of Singapore

24/11/23, 11:17 am - +Thomas: I read that he is doing for free at the international role ?

24/11/23, 11:19 am - +Rama: No difference for me whoever the president is NO!

24/11/23, 11:19 am - +Timothy Low: Given that our current president is currently holding international posts that have no remuneration, I am neutral about it if he can offer the respective of small nations in the international arena. However like many others have pointed out, we can’t assume future presidents and ministers will not be performing private roles with remuneration

24/11/23, 11:20 am - +Rama: Irrelevant!


24/11/23, 11:32 am - ☸️  Danny 心: 

1. Whether humanity can survive the next 50 years or not is questionable now...

2. The world is asking will WW3 arrive sooner than later.


24/11/23, 11:33 am - +Rama: Yes


24/11/23, 11:35 am - ☸️  Danny 心: 

Today Taiwan registration of Presidential candidates is one very concerning and decisive factor.

It doesn't look good.

It can determine whether will a big regional war break up at our backyard.


24/11/23, 11:36 am - +KL: Any soln if really happen ?

24/11/23, 11:36 am - +Rama: Provocation is increasing


24/11/23, 11:37 am - ☸️  Danny 心: 

"As Singapore heads into dangerous times, SAF must be strong and credible: DPM Wong".

 https://www.straitstimes.com/singapore/as-singapore-heads-into-dangerous-times-saf-must-be-strong-and-credible-dpm-wong#:~:text=As%20Singapore%20heads%20into%20dangerous%20times%2C%20SAF%20must%20be%20strong%20and%20credible%3A%20DPM%20Wong


24/11/23, 11:37 am - +Rama: Definitely

24/11/23, 11:38 am - +KL: Some ppl for monetary gain , some for name ( to leave a name in history ) <This message was edited>

24/11/23, 11:38 am - +Rama: Some for both!

24/11/23, 11:39 am - +Ben: Topic changed today?


24/11/23, 11:40 am - ☸️  Danny 心: 

Only international diplomacy works...

Hopefully our President Tharman can lend a voice at international bodies to rescue if situation turn for the worst.

Else humanity may not even survive the coming decades...


24/11/23, 11:41 am - +Ben: Fear is a tried and tested way to control society.

24/11/23, 11:41 am - +Rama: Get him to solve the Russian and Ukraine war plus the Israel and Palestinian conflict for the noble peace prize!?


24/11/23, 11:42 am - ☸️  Danny 心: 

Solve our own backyard first.


24/11/23, 11:46 am - +Frankie Wee: Singapore is small island with self defence if China coming to invade south East China Sea

24/11/23, 11:46 am - +Rama: Without personal private time side line hustle!

24/11/23, 11:47 am - +Rama: We will be swallowed even with fpda assistance by China !


24/11/23, 11:48 am - ☸️  Danny 心: 

"Most dangerous time the world has seen in decades’: Jamie Dimon warns investors, worries geopolitics could trigger a 'deep recession' — 4 ways to hedge your portfolio".

I agree with his assessment - the world is facing a very dangerous time.

Russia ambition in Europe, middle east war, Asia Pacific tension - most dangerous is Taiwan straits, Korea peninsula, south china sea.

Can trigger nuclear war or WW3 - if everything go wrong at the same time.

 https://finance.yahoo.com/news/most-dangerous-time-world-seen-113000628.html#:~:text=%E2%80%98-,Most%20dangerous%20time%20the%20world%20has%20seen%20in%20decades%E2%80%99%3A%20Jamie%20Dimon%20warns%20investors%2C%20worries%20geopolitics%20could%20trigger%20a%20%27deep%20recession%27%20%E2%80%94%204%20ways%20to%20hedge%20your%20portfolio,-Bethan%20Moorcraft


24/11/23, 11:48 am - +Rama: Agree

24/11/23, 11:50 am - +Ben: What are your thoughts on today's topic?

24/11/23, 11:51 am - +Frankie Wee: Global economy will collapsing

24/11/23, 11:54 am - +Frankie Wee: China became developed and power but too big to failure. Still make politicians govt to reach out. 

US and NATO nothing can with China


24/11/23, 11:55 am - ☸️  Danny 心: 

1. I stay neutral.


2. Agree Tharman as President in international stage - can play a role when world situation turn bad - which is very likely.

Humanity survival is at stake.


3. But agree with the assessment - cannot assume future candidates can achieve such benefits for Singapore.


24/11/23, 11:55 am - +Rama: Moving away from USD as the world number one reserve currency by some 45 countries is in the works. Petroyuan was used recently when China bought oil from Saudi Arabia!

24/11/23, 11:55 am - +Frankie Wee: Also Russia oil and gas sell to China

24/11/23, 11:56 am - +Rama: Yes

24/11/23, 11:56 am - +Ben: ok

24/11/23, 11:59 am - +Frankie Wee: Must be humanity coming crisis.


24/11/23, 11:59 am - ☸️  Danny 心: 

It is.


24/11/23, 12:02 pm - ☸️  Danny 心: <Media omitted>


24/11/23, 12:05 pm - ☸️  Danny 心: 

"Singapore must continue to have a strong armed forces and sustain its commitment to national service amid a fragmented and volatile world, said Deputy Prime Minister Lawrence Wong at the opening of Safra’s seventh clubhouse in Choa Chu Kang on Nov 23."

 https://www.straitstimes.com/singapore/singapore-must-sustain-commitment-to-national-service-lawrence-wong#:~:text=Singapore%20must%20continue%20to%20have%20a%20strong%20armed%20forces%20and%20sustain%20its%20commitment%20to%20national%20service%20amid%20a%20fragmented%20and%20volatile%20world%2C%20said%20Deputy%20Prime%20Minister%20Lawrence%20Wong%20at%20the%20opening%20of%20Safra%E2%80%99s%20seventh%20clubhouse%20in%20Choa%20Chu%20Kang%20on%20Nov%2023.


24/11/23, 12:09 pm - ☸️  Danny 心: 

Singaporeans must be able to connect all the dots - and see the full true picture.


24/11/23, 12:13 pm - ☸️  Danny 心: 

Our government interacting with the world leaders and world bodies - see the whole picture 1st hand and understand the immediate danger.

It is not fear excuse to amend the constitution - because it don't sell politically domestically and has no plus point for the government.

It is the real danger that present itself now right at our backyard.


24/11/23, 12:18 pm - ☸️  Danny 心: 

Don't assume South East Asia will be unscathed if Taiwan war break out.

The 9 dash lines is to secure A2/AD area access, area denial - to bring down warships and fighter planes.

So ASEAN will be drawn even if we want to stay out.


24/11/23, 12:19 pm - ☸️  Danny 心: <Media omitted>


24/11/23, 1:14 pm - +Thomas: This message was deleted

24/11/23, 1:25 pm - +Thomas: My personal opinion after reading thru it. On the positive side, a Singaporean appointed at the International level like UN or IMF with position of influence is a honour to the nation, I am for it as if not, Singapore misses out to influencing policy that may have an affect Singapore. I am ok with the President working on no monetary terms and on advice from the Cabinet on what position to take at international level. On the negative side, what happens if the President goes rogue and what is the recourse ? The presidency may be open to possible corruption influence both dark monetary and political and what is the recourse ? It is enshrine in the constitution and to change needs a majority. What happens if the President goes rogue and don't have the majority to change or amend it ? There will be a negative impact on the society when there is fighting between the President and Cabinet . We are assuming that President will be high integrity men/women in the future but not always the case.

24/11/23, 1:26 pm - +Rama: Ownself check ownself will cover up!


24/11/23, 1:41 pm - ☸️  Danny 心: 

President Xi say, he want to solve Taiwan reunification during his term and not pass this problem to future generations.

By peaceful means if possible and by military means if not possible.

So anyone guess what is the chance of Taiwan war ---- regional war?


24/11/23, 1:41 pm - +Rama: Regional War!

24/11/23, 1:42 pm - +Frankie Wee: Fail or pass if he amendments constitution


24/11/23, 1:47 pm - ☸️  Danny 心: 

"Xi Jinping Has ‘Deliberate Timeline’ to Resolve Taiwan Issue, Says Security Expert"

 https://news.usni.org/2022/11/21/xi-jinping-has-deliberate-timeline-to-resolve-taiwan-issue-says-security-expert#:~:text=Says%20Security%20Expert-,Xi%20Jinping%20Has%20%E2%80%98Deliberate%20Timeline%E2%80%99%20to%20Resolve%20Taiwan%20Issue%2C%20Says%20Security%20Expert,-By%3A%20John


24/11/23, 1:47 pm - +REACH: 📢 *What are the implications of Singapore’s constitutional changes involving the President?* 

Find out more in the CNA Explainer 

👉 https://www.channelnewsasia.com/singapore/constitutional-changes-president-tharman-ministers-cna-explains-3941496


24/11/23, 1:49 pm - ☸️  Danny 心: 

"CNA Explains: What are the implications of Singapore's constitutional changes involving the President?

The amendments give the government "finer control" over the head of state's involvement in foreign organisations, says one constitutional law expert."

 https://www.channelnewsasia.com/singapore/constitutional-changes-president-tharman-ministers-cna-explains-3941496#:~:text=CNA%20Explains%3A%20What,constitutional%20law%20expert.


24/11/23, 1:57 pm - +Jimmy Chew: I agree. Tharman is highly highly respected in the positions he is currently holding. If he can say a good word or to influence Singapore, it would be an advantage to our nation.om another note This change in the constitution can be good at the moment because of his stature and honor at the international level. Cf LKY, I am sure he should know how to balance it as compared to some rogue MPs and bearers <This message was edited>

24/11/23, 1:59 pm - +REACH: 📢 *Topic* 📢

24/11/23, 1:59 pm - +Jimmy Chew: I heard he is as distinguished as good as LKY in terms of his demeanor and thoughts <This message was edited>

24/11/23, 2:05 pm - +Rama: Not right at all!

24/11/23, 2:06 pm - +Thomas: Tharma is as good as LKY but what happens if the next president is not that good and goes rogue .

24/11/23, 2:07 pm - +Rama: Cannot cherry pick!

24/11/23, 2:08 pm - +Thomas: yes , that is why I am not sure if there is a recourse in the constitution if such a case happens

24/11/23, 2:08 pm - +Frankie Wee: LKY gone next era mindset has changed

24/11/23, 2:10 pm - +Frankie Wee: I accepted the fact things will go beyond change in future

24/11/23, 2:10 pm - +Frankie Wee: What we live for tomorrow new days

24/11/23, 2:14 pm - +Frankie Wee: Singapore has issue important change as if Otha office public of constitution is affected 

- cost of living standard 

-not enough CPF retire

-wage increment 

-more foreign workers 

-housing price

-education system.

24/11/23, 2:15 pm - +Frankie Wee: Whether private capacity want to invest in sg or President to start open international

24/11/23, 2:16 pm - +Frankie Wee: I will accept Mr Tharman role

24/11/23, 2:16 pm - +Ben: Let's assume this was a good decision for Singapore. I'd still ask the question of when it was first discussed; why was it not communicated in advance of the election and why was there no proper consultation before the approval in parliament? This sort of behaviour undermines trust in the government and that's not something that helps anyone!

24/11/23, 2:16 pm - +Rama: Exactly!?

24/11/23, 2:16 pm - +Rama: Nil for me!

24/11/23, 2:18 pm - +Timothy Low: Can we check if any other countries' presidents are doing the same thing as well?

24/11/23, 2:19 pm - +Frankie Wee: Different own countries independent constitution

24/11/23, 2:19 pm - +Rama: Update please!

24/11/23, 2:20 pm - +Thomas: Donald Trump

24/11/23, 2:21 pm - +Rama: 😳😃😆😀😄👌👍

24/11/23, 2:21 pm - +Frankie Wee: In USA is large status area

Do you know Deriot was bankrupted and highest crime more than 5 times. Those ppl already left this area zone and houses, shopping, cities or else abandoned. <This message was edited>

24/11/23, 2:22 pm - +Frankie Wee: Those constitutional are not stated

24/11/23, 2:22 pm - +Frankie Wee: USA govt will take time rebuilding

24/11/23, 2:22 pm - +Frankie Wee: In Singapore very small island tiny


24/11/23, 2:37 pm - ☸️  Danny 心: 

Dual mandates.

https://en.m.wikipedia.org/wiki/Dual_mandate


24/11/23, 2:39 pm - ☸️  Danny 心: 

Parliament of different countries allows political appointees to double hat - in local Parliament as well as members of other world bodies.

Eg. UK minister can also double hat as legislative member of EU.


24/11/23, 2:40 pm - ☸️  Danny 心: 

Because with representative in both UK parliament and in EU - UK interest can be safeguarded in EU for example.


24/11/23, 2:42 pm - +Liang Wei: Don't think that is the issue.

The key issue is whether as a President who swore an oath towards the Constitution, he should have acted in this manner.

If he has gone through proper process, then it is a different matter. To jump to discuss the merits of the decision too quickly obscures the disregard to existing structures esp something as important as the constitution. 

The simple question is 

Should a Sg President behave in thus a manner?


24/11/23, 2:43 pm - ☸️  Danny 心: 

Likewise, if Singapore President is also a distinguished member in IMF, global economic forum etc, his view will be taken into account in global policies that will be beneficial to Singapore.


24/11/23, 2:45 pm - +Liang Wei: I am not necessarily against the idea. I am against how it was done. I am aware of the pros and cons

Is the process n disregard beneficial for Singapore? I really don't think so.


24/11/23, 2:45 pm - ☸️  Danny 心: <Media omitted>



24/11/23, 2:46 pm - +Liang Wei: If anyone seriously thinks the disregard shown is beneficial for Sg, do feel free to share

24/11/23, 2:46 pm - +Liang Wei: Due process is as important as the decision is the point.

24/11/23, 2:49 pm - +Thomas: If I read it correctly. It is not Tharma ask to stay on but the Cabinet wants him to stay on for the benefits of Singapore. I think the process need to be transparent . But if the President is not Tharma but TKL , then the story is different and this constitution will not happen.

24/11/23, 2:50 pm - +chan5956: We have to accept that things will evolve hence the role of Singapore President will no doubt evolve as well, nothing will be stagnant at all, let's be real folks.

24/11/23, 2:50 pm - +Liang Wei: No issue with evolving. How we evolve is important

24/11/23, 2:51 pm - +Ben: Not since Brexit...

24/11/23, 2:51 pm - +chan5956: Only thru passage of time we will know.


24/11/23, 2:52 pm - ☸️  Danny 心: 

Brexit has cost UK dearly.

Hence the coming election, will conservative lose the election to Labor party is yet to be seen. <This message was edited>


24/11/23, 2:53 pm - +Ben: Yes, goes to show even when going to the public poor decisions can be made without the right process being followed. The brexit campaign was full of misleading information (lies actually)

24/11/23, 2:54 pm - +Rama: Those are political appointments not private!?

24/11/23, 2:54 pm - +Rama: Exactly!?


24/11/23, 2:55 pm - ☸️  Danny 心: 

Not sure.

I am equally new and unfamiliar to this global member issue. <This message was edited>


24/11/23, 3:01 pm - +Jimmy Chew: Agree. Agree. So we need some checks and balance <This message was edited>

24/11/23, 3:03 pm - +Smiley face: Getting closer to correctness and facts. Thanks Andrew!

24/11/23, 3:04 pm - +Smiley face: 24 November 2023

"Trust & Governance"

Where are the evils and how about the goodness?

Is not able the proposition nor the opposite of the opposition!

If you think your government is worthy enough to take care of the entire survivability of our country.  Perhaps, the lastest changed in the Constitution allowing our key office holders from our President or our Ministers to be onboard in overseas institutions with no doubt casted over the issue of conflicts or corrupts. Trust or not comfortable about these changes? 

As our nation grows so do millions of ideas and opinions flow here, there and everywhere in our little country island. The next GE is more than a leadership succession in the making but more definitive of our roadmap to peace, prosperity and unity. Let's give our trust to our new 4G leadership to steer the tougher and rougher high seas of uncharted changes! ...


24/11/23, 3:05 pm - ☸️  Danny 心: 

My comments to my close friend comments:-

Because private views may not fully in synch with the government view.

Hence by enshrining in constitution, private views must be more aligned to the government view.

This is the purpose of amending the constitution.


24/11/23, 3:06 pm - +Ben: 

So people would be pushing an agenda they don't believe in personally?


24/11/23, 3:10 pm - ☸️  Danny 心: 

Not exactly.

Eg. My personal view that Taiwan election is very risky currently.

My personal view is to express it in raw.

But my personal view must be put across diplomatically if I represent our government point of view.

I will have to take input from the cabinet how to put across the same viewpoints in a diplomatic manner and not just comments it in raw form that have repercussions to Singapore interest diplomatically.

The view is aligned - but the messages could be different in personal capacity versus in diplomatic channel.


24/11/23, 3:12 pm - ☸️  Danny 心: 

Eg. Biden personal view - dictator shoot out from his mouth.

Blinken as secretary of state grimace.

This raw statement cannot come out in raw form and jeopardize US China relationship - when it is supposed to be in the mend.


24/11/23, 3:13 pm - +Smiley face: A good comment!

"Don't be afraid of going slowly; be only afraid of standing still"

- - Chinese Proverb

“不怕走慢,只怕站着”

- - 中国谚语


24/11/23, 3:22 pm - ☸️  Danny 心: 

Another example, in personal capacity I would probably relate A2/AD in South China Sea is Taiwan related.

But through diplomatic channel - this cannot be articulated - if we don't want our Terrex to be compounded.

This is exactly what happen when my view appear in a social media forum a few years ago.

So the amendment to the constitution will help to safeguard Singapore interest - because personal view will be more aligned to the cabinet views.


24/11/23, 3:28 pm - +Jimmy Chew: Maybe done intentionally to win the voters. Biden is a diplomat and politician for many years. hahaha I think it's all a show


24/11/23, 3:30 pm - ☸️  Danny 心: 

Singapore don't have such leeway to do political stunt.

So need to put safeguard - albeit a rush one.


24/11/23, 3:31 pm - +Jimmy Chew: Agree

24/11/23, 3:36 pm - +Rama: Still, ownself cover ownself is dangerous!

24/11/23, 3:37 pm - +Anne: Dear G, 

Two issues arise here. I object to this Bill about

(1) the president and ministers taking in roles in international organizations, and

(2) allowing the bill to time travel to the past in order to legitimize Mr. Tharman as our president.

(1) - We cannot assume we know about the true agenda of the international organisations our ministers and president participate in. The public agenda may sound benign to SG affairs, but the people behind these organisations may have ulterior motives that are not easily detectable by the G. Hence, we should not have decision makers like our ministers and president to join such organisations. We cannot risk our ministers and president being indoctrinated into the ideologies held by these organisations.

(2) - We should not allow our laws to time travel to the past. By doing so, this allows our politicians and government officials who had broken the law to escape the judgement of the courts. It is bad enough that ministers can change the law to suit their agenda, but it is worse if the law can be effective retrospectively. By doing so, you have just demonstrated that this “rule-based order” that you are so proud of is nothing but a front for a dictatorship.

Therefore, I implore Mr. Tharman to step down as our President, even though he is a caring and capable person. I believe he is the most suitable person to be our President, but how he got the role speaks loudly and clearly about the INTEGRITY of our G and the election process. Hence, he should step down and allow Mr. Ng Kok Song to take on the role of our President.

Thank you. <This message was edited>

24/11/23, 3:38 pm - +Rama: Agree


24/11/23, 3:46 pm - ☸️  Danny 心: 

Step down???

I guess is a joke right...


24/11/23, 3:51 pm - +Rama: Relinquish private appointments better!


24/11/23, 3:51 pm - ☸️  Danny 心: 

And leave us with no voice when regional war broke up?


24/11/23, 3:52 pm - +Rama: Us is ASEAN or!?

24/11/23, 3:53 pm - +Jimmy Chew: Yeah. But such a waste especially if he is brilliant, can fly our colors and get us involved internationally. Like those years America is Great hahaha


24/11/23, 3:53 pm - ☸️  Danny 心: 

Whether Singapore or ASEAN or represent the world, one good and wise voice is better than thousands of unwise voice.


24/11/23, 3:53 pm - +Rama: Were we worse off before!?


24/11/23, 3:54 pm - ☸️  Danny 心: 

I recall Singapore leaders voice are prize very high in international stage. <This message was edited>


24/11/23, 3:55 pm - +Rama: In th UN!


24/11/23, 3:56 pm - ☸️  Danny 心: 

If a person is directly involved in global policies making compare to political voice in UN, which one more value added?


24/11/23, 3:57 pm - +Rama: Divide private, political and public responsibilities.


24/11/23, 3:57 pm - ☸️  Danny 心: 

This is what double hat is all about.


24/11/23, 3:58 pm - +REACH: 📢 *Topic* 📢

24/11/23, 3:58 pm - +Rama: Conflict of interest!


24/11/23, 3:59 pm - ☸️  Danny 心: 

Many people double hat with no conflict of interest.


24/11/23, 3:59 pm - +Rama: Hidden from public scrutiny!


24/11/23, 4:00 pm - ☸️  Danny 心: 

The interest is aligned with multiplier effects.


24/11/23, 4:08 pm - +~.@: I am of the opinion that indeed the amendment was rushed into effect. And should have been better formulated and articulated. 

But the intention and international participation will lend us credibility in the international stage. The globalized world is increasingly become fragmented. If we can lend our leaders to lead the world to be a better state, it is our honour. If we deny such an appointment is akin to being a frog in the well. Thinking we are sheltered from the waves of the world issues will just make us be sidelined and irrelevant. The end result is opportunities will be deprived from our people because Singapore is such an irrelevant state to begin with. 

The cabinet is also equipped with the oversight to ensure that such roles are truly in the interest of our country. And scrutiny is provided in this manner. If the electorate disagrees, they can well support the opposition to replace the incumbent cabinet. And see if the new cabinet will disagree with it. 

Furthermore, many have correctly pointed out that the president role is largely ceremonious and can only act with the advise of the cabinet and CPA. So, if he can be put to better use, why are we stopping him and insisting he must be a vase displayed in the Istana?

24/11/23, 4:10 pm - +Rama: Believe that this was planned sometime ago but made public upon social media outcry!


24/11/23, 4:10 pm - ☸️  Danny 心: 

The President look after the reserves.

Not ceremonial.


24/11/23, 4:10 pm - +~.@: look after the reserves, and ?


24/11/23, 4:11 pm - ☸️  Danny 心: 

And others as stated in the constitution.


24/11/23, 4:11 pm - +Rama: What's the remuneration package for the private matters!?

24/11/23, 4:12 pm - +~.@: signing his assent on laws to be gazetted after the law is passed by parliament? looking after the reserves and use it only on the advice of the cabinet?


24/11/23, 4:13 pm - ☸️  Danny 心: 

Well I am not in the cabinet and not sure how important the role is.

But evidently, it look important to the government.


24/11/23, 4:14 pm - ☸️  Danny 心: 

And Tharman overwhelming support indicates he got the support of the majority of the voters according to constitution.


24/11/23, 4:15 pm - +Rama: We're voters ultimately misled!?


24/11/23, 4:18 pm - ☸️  Danny 心: 

Hmm...

Is it?

I thought we know Tharman is the members of world bodies and his campaign articulated this in national TV as his plus points.

Many people voted him for this advantages which are absent in the other candidates.

Isn't it?


24/11/23, 4:19 pm - +Rama: No upfront prior on private appointments to continue!?

24/11/23, 4:20 pm - +Liang Wei: Well it is a good candidate who has an amazing CV putting himself forward for a full time job. If he had said that he will take the role only if his concurrent appts are allowed, I think that is upfront.

24/11/23, 4:20 pm - +Thomas: I guess cannot say as the constitution doesn’t allow and that’s why it is now amended

24/11/23, 4:20 pm - +Smiley face: This message was deleted

24/11/23, 4:20 pm - +Smiley face: This message was deleted

24/11/23, 4:21 pm - +Rama: Cunningly amended after being elected!?


24/11/23, 4:21 pm - ☸️  Danny 心: 

Hmm....

Well it lack of details.

But my take is, his current appointment as president and his membership in world bodies will benefits Singapore.

I am very sure of that.

In fact, it is life and death ....


24/11/23, 4:22 pm - +Thomas: What happened if say and then somehow changes, kinda embarrassing

24/11/23, 4:22 pm - +Rama: Then, thought process faulty!?

24/11/23, 4:23 pm - +~.@: don't count your chicks until they are hatched

24/11/23, 4:24 pm - +Rama: Government already did!

24/11/23, 4:24 pm - +~.@: sure sure

24/11/23, 4:24 pm - +Rama: Yes yes

24/11/23, 4:28 pm - +Thomas: If during election and Tharman says his role will not change for international appointment as the constitution will be changed. He is campaigning as independent will be question. The change is only can be done by the pollical party and approval. He cannot mandate it to the political party as he has no political says as he has left the party when he campaign for the office. At that point, no one knows he is going to be the president

24/11/23, 4:30 pm - +Rama: To each their own opinion on this!

24/11/23, 4:39 pm - +Frankie Wee: His word switch back as what he wanted to against constitution

24/11/23, 5:05 pm - +Smiley face: Exemplum?

MM Lee Kuan Yew was invited onboard two global banks namely J P Morgan and Citibank among the International board of advisors. 

Is it an honor and a nation's pride that MM Lee as a first-world Asia leader sat onboard two Global financial institutions?

Going forward, our President or our Ministers were to be onboard any Global or International institutions as advisors? Will it not equals to MM Lee accolade and services to our nation and our world and continue the legacy of our founding leaders to be engaged in the global arena?

It is simply an honor to do so, all other issues like integrity and honesty will be intact, nothing short!

So what's the problem and the so called loopholes, aka lobang?

dialogue with minister montor lee kuan yew at the association of banks https://abs.org.sg/docs/library/speech_250610.pdf


24/11/23, 5:06 pm - ☸️  Danny 心: 

Example, how does President Biden able to unfreeze the deep cold with President Xi - in their latest encounter - it is though trade forum by yellen, blinken and other commerce Ministers that break the ice.

Hence representations in world bodies - very critical to rescue very dangerous situations.

Singapore need it now - if humanity is to survive in this critical era.

All scenarios currently have the elements that trigger WW2.

It is appearing in front of us.


24/11/23, 5:11 pm - +Jeffrey: Haha. I can't resist saying Biden is an idiot. Biden called Xi a dictator while Xi was still in the USA visiting.

The American voters don't see Biden positively now. He is seen as senile, with his son profiting from his father's vice president position earlier, and his daughter allegedly has a diary with one entry about inappropriate showers with her father.

24/11/23, 5:11 pm - +Rama: Biden is senile!

24/11/23, 5:12 pm - +Rama: Bad as dotard is, senile should not attempt reelection!


24/11/23, 5:14 pm - ☸️  Danny 心: 

Actually if not for Biden, middle east situation and Ukraine war - could already have triggered a big Europe war and middle east war.

He de-escalate the entire global explosive scenarios from a very dangerous situations.

He also de-escalate tension with China recently though with gaffe.

Come no 2024 election - after that I don't know.


24/11/23, 5:14 pm - +Jeffrey: Back then times were as such. But for now, is it a positive for one to be associated with JP Morgan and Citibank?

24/11/23, 5:15 pm - +Rama: I rather see VP K H try after 2024


24/11/23, 5:16 pm - ☸️  Danny 心: 

If not Biden, humanity could have demise already...

If people didn't realize it.


24/11/23, 5:17 pm - +Jeffrey: There were more peaceful times when trump was president, dumb luck or not.

Did the Biden administration push the war in the first place?

24/11/23, 5:18 pm - +Smiley face: IMF, WEF...

24/11/23, 5:19 pm - +Smiley face: "The world is like a game of chess"

- - anonymity 

"世界就像一盘棋"


24/11/23, 5:20 pm - ☸️  Danny 心: 

Hahaha...

Probably you didn't know that trump almost trigger nuclear war over nkorea.

And why trump and Kim visit Singapore - Sentosa specifically?


24/11/23, 5:20 pm - +Frankie Wee: China Xi won’t forget trump is enemy since trade war

24/11/23, 5:20 pm - +Frankie Wee: Waste $$$ for nothing peace maker

24/11/23, 5:21 pm - +Frankie Wee: US$20m spent everything


24/11/23, 5:21 pm - ☸️  Danny 心: 

Residents in Guam scrambled into sewage underground when false alarms of nkorea missiles strike - thinking nuclear has come.


24/11/23, 5:22 pm - ☸️  Danny 心: 

Actually humanity at the mouth of collective demise - but many people don't really know...


24/11/23, 5:23 pm - ☸️  Danny 心: 

Om ....


24/11/23, 5:23 pm - +Rama: Yes

24/11/23, 5:23 pm - +Frankie Wee: They are not God

Human work for president make $$$ and deserve country

24/11/23, 5:24 pm - +Frankie Wee: 2024 USA president election 

If Trump is win

Then China Xi tell him I have everything show off

24/11/23, 5:27 pm - +Jeffrey: You probably don't know that professional politicians in the USA are promoting the military industrial complex. They may say they want to work towards peace, but there is more money in creating war


24/11/23, 5:27 pm - ☸️  Danny 心: Hahaha....


24/11/23, 5:27 pm - +Rama: Value of stocks!

24/11/23, 5:28 pm - +Jeffrey: Back to the topic, if certain associations turn out to not look good, then it doesn't look good that a president or minister is moonlighting there.

24/11/23, 5:29 pm - +Jeffrey: I wonder if we had this discussion when tin pei ling took a job at grab.

24/11/23, 5:29 pm - +Smiley face: Would any person continue to associate with it?

No fools until proven a fool?

24/11/23, 5:30 pm - +Frankie Wee: Future Ai President without human

24/11/23, 5:30 pm - +Frankie Wee: 😅

24/11/23, 5:31 pm - +Smiley face: Beyond Reality! Likes it!

24/11/23, 5:36 pm - +Jeffrey: https://twitter.com/TuckerCarlson/status/1668747661028081664

24/11/23, 5:39 pm - +Jeffrey: Tucker Carlson saying that Trump was targeted as he poses a problem for the military industrial complex

24/11/23, 5:41 pm - +Jeffrey: Right now the independent candidates (Robert F Kennedy Jr and Vivek ramaswamy and Donald Trump) in the USA election are unambiguously against the USA fanning wars.


24/11/23, 5:47 pm - ☸️  Danny 心: 

Well probably no one knows that, b52 and b1b were dispatch with drill nuclear bombs in 3 directions to exercise dropping of the nuclear bombs - weeks before a new year.

After Guam false alarm, similar formation were dispatched with live nuclear bombs.

And it was last minute defuse, when President Kim step up in new year day wearing in gray suit - to say he want peace talk.

It is declassified in the CIA file.

Both Trump and Kim choose Singapore for the peace talk.

And specifically both choose Sentosa because one busy body suggest it is a good place for golf in social media.

Now social media all lock out already.

Don't need to know the details - but just need to know a nuclear war is averted in the last minute.


24/11/23, 5:49 pm - +Smiley face: "The young soldiers are afraid of bullets while the older soldiers are afraid of bombs"...why?

"小兵怕子弹, 老兵怕炸弹?"


24/11/23, 5:50 pm - ☸️  Danny 心: 

As the bombers were stealth, radar cannot detect, nkorea only know of the trial bomb through social media.


24/11/23, 5:51 pm - +Frankie Wee: Talk about nuclear ☢️ create different bomber

24/11/23, 5:51 pm - +Frankie Wee: Once it drop bomber on land then the earth will explode half

24/11/23, 5:52 pm - +Frankie Wee: Think govt so easy without believing researcher

24/11/23, 5:54 pm - +Frankie Wee: What will happen earth exploding half break then become unnatural. 

President leave cold heart thinking own country developed is high technology


24/11/23, 5:55 pm - ☸️  Danny 心: 

At that time our government offer them ShangriLa because a security forum is held there with all security in place.

But both president prefer to look at social media and choose Sentosa because that busybody say so.


24/11/23, 5:56 pm - +Jeffrey: https://m.youtube.com/watch?v=ZPz8r26BbLQ

JFK ordered troops home before the Vietnam war escalated under Lyndon Johnson (LBJ). Then JFK got assassinated, LBJ became president and the order was rescinded.

24/11/23, 5:58 pm - +Jeffrey: Then do you think it is a good thing that Trump and Kim met in Singapore?


24/11/23, 5:58 pm - ☸️  Danny 心: 

At least, it temporary defuse that nuclear war.


24/11/23, 5:59 pm - ☸️  Danny 心: 

But in future will humanity be so lucky?

I don't know.


24/11/23, 6:00 pm - ☸️  Danny 心: 

The nuclear war was defuse from the social media.


24/11/23, 6:01 pm - ☸️  Danny 心: 

If we pulled down Tharman from world bodies - I think we are playing with fire.


24/11/23, 6:01 pm - +Jeffrey: I think Trump is unusual in that he met with Kim. Biden, I think he will fan more wars.


24/11/23, 6:01 pm - ☸️  Danny 心: Hahaha..


24/11/23, 6:02 pm - +REACH: 📢 *Topic* 📢

24/11/23, 6:02 pm - +Jeffrey: Are the world bodies that Tharman are associated with even positive?

24/11/23, 6:03 pm - +Jeffrey: Could have put that to the vote. But I guess a majority of people do not care.

24/11/23, 6:04 pm - +Jeffrey: There are some differences between Tharman - international bodies and tin pei ling - grab, but a common theme here is conflict of interest.

24/11/23, 6:13 pm - +Rama: TPL should have sticked to selling handbags on Ebay!

24/11/23, 6:26 pm - +Jeffrey: If Tharman ever comes to a situation where his other interests and his role as president has a conflict, then we would not know what deliberations were behind his decisions. If we don't allow moonlighting, then this issue would have been debated out in the open instead of being inside the head of one person.

24/11/23, 6:27 pm - +Rama: Wow! So, allow ownself to check ownself!?


24/11/23, 6:28 pm - ☸️  Danny 心: 

A2/AD should be anti-access, area denial.

Type too fast.


24/11/23, 6:29 pm - +Jeffrey: What's worse is when a conflict is encountered, and no one else but him even knows about the conflict. That is the opposite of transparency.

24/11/23, 6:30 pm - +Rama: Yup


24/11/23, 6:34 pm - ☸️  Danny 心: 

World only listen to the voice of reasons.

Balanced, fair and just views - whoever the person is.

As long as his views make Sense and can defuse the situation, people will follow - whoever the person is.


24/11/23, 6:34 pm - ☸️  Danny 心: 

Because leaders are also humans...


24/11/23, 6:35 pm - +Jeffrey: If there is silence, I don't know what to interpret of it.


24/11/23, 6:35 pm - ☸️  Danny 心: 

If there is silence, listen to the heart.


24/11/23, 6:36 pm - +Jeffrey: If the finance minister is also consultant to a bank, then who does he answer to? Would we even know the conflicting agendas behind his decisions?

24/11/23, 6:39 pm - +Telephone number: Precisely

24/11/23, 6:40 pm - +KL: This remind me of the previous debate on hidden agenda :)) in the end I lost the debate :(

24/11/23, 6:41 pm - +~.@: time for a comeback

24/11/23, 6:41 pm - +Rama: Exactly!

24/11/23, 6:41 pm - +Telephone number: We all know the reason why this is so last minute and anyhow just passed through like that what a disappointment

24/11/23, 6:45 pm - +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 😊

24/11/23, 6:46 pm - +Ben: Yes, this is the sad thing... it's wrong and we all know it.

24/11/23, 6:46 pm - +Ben: I thought the high salary for ministers was to avoid this sort of thing?

24/11/23, 6:50 pm - +Rama: 🤷‍♂️side hustle no perks!?😳

24/11/23, 6:59 pm - +Smiley face: <Media omitted>

24/11/23, 7:00 pm - +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 😊

24/11/23, 7:00 pm - ~ REACH Singapore changed this group's settings to allow only admins to send messages to this group


====


Wednesday, November 22, 2023

REACH 513 - What are your views on the new ComLink+ scheme? How else can we assist to empower and uplift low-income families?

(SK)

22 Nov 2023 (10am - 7pm)


REACH

22/11/23, 9:45 am - +REACH: *Dear Contributors,*

Welcome back! 😊

⏰ We will be opening the chat from *10am to 7pm* today. ⏰

*House Rules (short version of our Terms of Use) to keep in mind:* 

1. Be kind and respectful. We all want to be in a safe space to share our views. 

2. Any and all threatening, abusive, vulgar or racially, religiously and ethnically objectionable content is prohibited.

3. Consider the quiet ones among us and give them a chance to comment.

4. No need to repeat your comment or in different forms (including caps) - we heard you loud and clear the first time.

5. Let’s protect each other’s privacy and keep contact details in this group what it should always be - confidential. 

*Full set of Terms of Use:* https://go.gov.sg/reach-whatsapp-terms

We will strive to uphold these rules to ensure this is a safe space for all.

Please be assured that the points made by participants during the chat are aggregated and shared with relevant agencies.

The topic will be posted shortly.

Thank you

Megan 😊

22/11/23, 9:46 am - ~ REACH Singapore changed the group description

22/11/23, 10:00 am - +REACH: *📢 Topic 📢*

Low-income families with children will be empowered over the longer haul to improve their lives, as the Government shifts its approach to helping these families from providing social assistance to social empowerment.

Minister for Social and Family Development Masagos Zulkifli announced details of the new ComLink+ scheme on Nov 20. ComLink+ is a key plank of the national drive to reduce income inequality and boost social mobility under the Forward Singapore report, which was launched on Oct 27.

*💬 What are your views on the new ComLink+ scheme? How else can we assist to empower and uplift low-income families?*

It consists of four support packages in areas like pre-school education, employment and home ownership.

📌 _*Pre-school education*_

Each child enrolled in pre-school will get a one-time $500 top-up to the Child Development Account (CDA), which is a special savings account for the child that can be used to pay pre-school and healthcare fees, when they turn three. 

Those between the ages of three and six will get a $200 top-up to their CDA every three months if they attend pre-school regularly. Regular attendance is defined as when the child is in pre-school at least 75 per cent of the time.

📌 _*Stable employment*_

Beneficiaries will be given financial incentives if they find a job that pays CPF contributions with a gross salary of at least $1,400 a month. Each adult with a job that meets these criteria will get financial top-ups of between $450 and $550 in a combination of cash and CPF payouts for every quarter that he or she is employed. If two adults in the same household qualify, they will each get an extra $50 every three months. 

A maximum of two adults per family can benefit from this employment package geared towards encouraging families to find a stable job.

_📌 *Debt clearance*_

To help families clear their debt, this package will match dollar for dollar, up to $2,500, the amount the family repays for what the MSF calls verifiable debt. This refers to debt owed to licensed companies, such as utilities and housing arrears, that can be verified and for which repayments can be tracked. Debts to unlicensed moneylenders and sums owed to family and friends are not covered.

Families can benefit from this debt clearance package only once. To qualify, they must not be receiving financial aid from the Government’s ComCare scheme.

_📌 *Saving for home ownership*_

To help families save up to buy their own flats, for every dollar that the family voluntarily contributes to the CPF Ordinary Account, the Government will top up $2. A family can receive only up to $30,000 in total payouts across this package and the employment package. 

About 14,000 families on the Community Link (ComLink) scheme are eligible for these new areas of support, which will be rolled out from the second half of 2024.

👉🏻 https://www.straitstimes.com/singapore/new-financial-incentives-to-spur-low-income-families-to-work-towards-improving-their-lives

👉🏻 https://www.straitstimes.com/singapore/family-of-5-hopes-to-one-day-move-out-of-rental-flat-and-buy-their-own-home

👉🏻 https://www.straitstimes.com/singapore/low-income-families-will-be-empowered-to-uplift-their-lives-forward-sg-report

22/11/23, 10:00 am - ~ REACH Singapore changed this group's settings to allow all participants to send messages to this group

22/11/23, 10:01 am - +REACH: <Media omitted>

-----


22/11/23, 10:05 am - +~L: I feel immensely proud of our government right now. Every where else in the world I see government creating division in their own countries in order to maintain power.

22/11/23, 10:06 am - +Frankie Wee: Singapore many families broken down few years ago and became heavy debt

22/11/23, 10:06 am - +~L: One area that requires continual attention is training and upskilling. While we have schemes for this, they don't seem very focused and often more recreational based, for people who can afford them without needing a subsidy.

22/11/23, 10:07 am - +Frankie Wee: Couple had to leave kids no choice

22/11/23, 10:07 am - +Frankie Wee: Thanks to govt support and helping low income families

22/11/23, 10:07 am - +~L: These announced measures are very tangible and provide practical support for those who need it most.

22/11/23, 10:07 am - +Frankie Wee: Also kids will have go to school support fund

22/11/23, 10:08 am - +Frankie Wee: I think because of the scam Singapore lose total $1.3B

22/11/23, 10:08 am - +~EH: As mentioned before the government can start by mandating for government contractors that are bidding for tenders, to employ a certain % of low income Singaporeans as a start as this is something that can be controlled and initiated by the government themselves.

For Home ownership, 

Benefits for citizenship at its core should be looked at. If you see things around us, we tend to put Citizens and PRs in the same category in terms of priority or subsidy. Yes there are examples like school fees, but we should apply it uniformly to differentiate between Citizens and PRs

Offering scheme for voluntary unemployment insurance should also be made available for folks who would like to subscribe to it using their CPF funds for up to a certain number of months. Of course this should be a last resort, but the government should offer a scheme where citizens contribute to for unemployment insurance instead of giving handouts, this way folks can be assured that there is some money to tide over in the event of retrenchment or extreme unemployment

22/11/23, 10:08 am - +~L: Clearing debts -  very important to break the vicious cycle of financial hardship.

Requirement for school - needed to get kids on the right track from early age.

22/11/23, 10:09 am - +~L: This is an interesting idea: Offering scheme for voluntary unemployment insurance should also be made available for folks who would like to subscribe to it using their CPF funds for up to a certain number of months.

22/11/23, 10:10 am - +~L: Do people need 'encouragement' for this, or help getting it? 

"A maximum of two adults per family can benefit from this employment package geared towards encouraging families to find a stable job."

22/11/23, 10:31 am - +Jimmy Chew: This message was deleted

22/11/23, 10:35 am - +Kelvin Ang: Will those who could do with such assistances/schemes but residing in HDB purchased flats also benefit?

22/11/23, 10:36 am - +Jimmy Chew: I think the danger is borderline cases. Seems like the poor has more hand outs than the not so poor 😕

22/11/23, 10:38 am - +Jimmy Chew: Haha the smart poor will tap the system doe their benefits and remain poor 😜

22/11/23, 10:38 am - +Jimmy Chew: It's a complex issue

22/11/23, 10:39 am - +Kelvin Ang: Agreed! One too many r under the cat "fallen thru the gaps" n such schemes could give their children a better future....

22/11/23, 10:40 am - +Frankie Wee: Social worker documented proof think how they apply

22/11/23, 10:40 am - +Kelvin Ang: Social workers r not miracle workers...😂

22/11/23, 10:41 am - +Frankie Wee: 😳

22/11/23, 10:41 am - +Jimmy Chew: It's a wonderful start.

22/11/23, 10:42 am - +KL: Total is 35,000 SGD right ?

22/11/23, 10:43 am - +Frankie Wee: Annual income

22/11/23, 10:44 am - +KL: if I read the articles carefull I see total max payout should be 35,000 GSD

22/11/23, 10:44 am - +Jimmy Chew: I worked in debt collections in a bank. Based on anecdotal evidence, no amount of loans by family members will help one who owes money to stop borrowings... only ah long beatings and bankruptcy will stop them

22/11/23, 10:45 am - +Jimmy Chew: Tough Love will do it <This message was edited>

22/11/23, 10:46 am - +Frankie Wee: Bankrupt and loan in personal different way. If loan mean repayment 

If bankrupt mean unable to pay bank huge amount

22/11/23, 10:47 am - +Frankie Wee: Moneylenders license will alway chase them debt collectors every monthly

22/11/23, 10:48 am - +Frankie Wee: Moneylenders license anyhow no requirement income they can allow borrow min.

22/11/23, 10:49 am - +KL: <Media omitted>

22/11/23, 10:49 am - +KL: :))

22/11/23, 10:50 am - +KL: noted

22/11/23, 10:53 am - +Jimmy Chew: Legal has. illegal only nric

22/11/23, 10:55 am - +Frankie Wee: Breadwinner low income they need money but bank loan requirements income mins they can’t approval.

22/11/23, 10:59 am - +Jimmy Chew: Agree. Cross referencing us helping them with their debt. Giving anecdotal evidence because their family members who can afford tried to bail them out from ah long and other banks. It's hard to stop their borrowing habits

22/11/23, 11:00 am - +Jimmy Chew: There are exceptions like my niece who borrowed and owed 30k. That's before the credit bureau. <This message was edited>

22/11/23, 11:01 am - +Jimmy Chew: We paid it off for her and she learnt her lesson

22/11/23, 1:33 pm - +Jimmy Chew: https://theindependent.sg/nearly-50-singaporeans-in-the-past-two-years-unable-to-repay-debts/

22/11/23, 1:33 pm - +Jimmy Chew: If you're not poor. You have debt problems too

22/11/23, 1:35 pm - +Rama: Yes

22/11/23, 1:37 pm - +Rama: Being discipline while clearing your debts with the help of credit bureau is very important to overcome your financial mistakes.

22/11/23, 1:41 pm - +Frankie Wee: Stressful

22/11/23, 1:42 pm - +Frankie Wee: Capped minimum debt make sure do not over loan 💵 when need use it for.

22/11/23, 1:43 pm - +Rama: Maximum credit should not be more than two months salary for main card holder and one month for supplement card holder.

22/11/23, 1:44 pm - +Frankie Wee: Omg $80,000 can’t pay back moneylenders license but charge interest rate too high than bank personal loan

22/11/23, 1:45 pm - +Frankie Wee: That’s why any company no required income mins they are taking too risky


22/11/23, 1:54 pm - ☸️  Danny 心: 

1. I am impress and awe by the Minister and MOS MSF foresight to transform "social assistance" to "social empowerment" in the social welfare policies - to uplift themselves and pull themselves out of poverty and sufferings and break the vicious cycle of permanent underclass.


2. "Social assistance" is a reactive approach to help the underclass - a "band-aid" approach - that only can temporarily relieve the underclass by paying debt and living expenses but not able to emerge and break from the vicious cycle of poverty.


3. "Social empowerment" is a proactive approach to ensure the underclass get permanent job, put their children into schools (get education and graduate with an employable certification), pay off debt (in a sustainable way instead of snowballing) as well as home ownership (a roof over their heads) instead of paying rents on a house that don't belong to them.

In a long run, this will be able to help the underclass emerge from their poverty vicious cycle, and become sustainable and even do well in their living.


4. A kudos to the Minister, MOS and MSF civil service folks!


22/11/23, 1:59 pm - +Jimmy Chew: Yes. High risk,  high returns. No risk, no  return hahahaha

22/11/23, 2:08 pm - +Frankie Wee: Strike it if high risk investment in return repayment debt clears

22/11/23, 2:09 pm - +Frankie Wee: What if lose investment and nothing return then burden debt repayment

22/11/23, 2:10 pm - +Frankie Wee: Bitcoins or crypto currency are at risk real time index 48/7 buy and sell

22/11/23, 2:12 pm - +Frankie Wee: Best is pls save deposit bank safe than zero risk and long term or insurance. Stay humble don’t ever dream rich when money not easy income.


22/11/23, 2:26 pm - ☸️  Danny 心: 

1. Another thing, the Government has the foresight not to allow people to tap and withdraw from their CPF before 55 years old - to fund, finance or to be used in their cost of living expenses or whatever other purposes other than the stated CPF objectives :-

a. Ordinary Account - to finance housing

b. Special Account / Retirement account - to finance retirement

c. Medisave Account - to finance healthcare


2. The reasons being :-

a. Low income people earn very little, $1,000 plus, $2,000 ---- how much will go into their CPF?

Negligible - even by releasing their CPF will not be of much help - and their CPF will be wipe out in no time.


b. Even higher income who earn more have more CPF to tap on - but it will become addictive and with the slightest difficulty or failure to plan their expenses properly (eg. spend lavishly - will always fall into financial difficulty) - higher income group will always give the excuse to tap on the CPF to finance their lifestyle.


c. When people are younger, they are more energetic, more versatile and more drive to find jobs and earn income even they may temporarily encounter difficulty due to job loss. With help from Government to help them retrain &/or find jobs they can easily bounce back and stand back on their own feet.

Hence, tapping on their CPF the moment job crisis arise - is an easy way out and will condemn people in the long run - by impacting their abilities to fund their retirement when they get old (and more difficult to find jobs, health problem) - by kicking the can (problem down the road).


d. Let us see what happen to our neighbor country for tapping allowing people to tap their retirement fund the moment covid strike --- and now turn the whole nation into a retirement crisis - that the Government has a very difficult time to pull the nation out of the retirement crisis.

We must learn from this lesson by not following their footstep and make such a fatal financial mistake.

https://www.channelnewsasia.com/cna-insider/malaysia-afford-retirement-crisis-epf-pension-drawdowns-covid-pandemic-3877331

_Worst policy ever’: Retirement time bomb after Malaysia’s pension drawdowns amid pandemic?

Malaysians took RM145 billion out of their pension fund to cushion the impact of the pandemic. 

More than half aged below 55 ended up with less than RM10,000 in their accounts. 

Is Malaysia facing a retirement crisis, the programme Insight asks.

Anyhow use CPF the moment COVID hit - now retirement savings left with nothing for retirement._


e. I have come across a few older people who live from one paycheck to another paycheck -- by spending all their salaries and income with very little or no savings in their bank account -- even though they earn high salaries.

When they get old, fortunately, their CPF are locked and can't be used - for their lavish lifestyle.

When they retired at 55 years old, their CPF life is their only fund source to provide them a monthly gratuity of about $2,000 to enable them to finance and tie them through their basic essential day-to-day living expenses.

Without the CPF retirement account via CPF life - these people will really have to beg in the street if they can't get a job at their old age - leading an old miserable life.


f. Moreover, our CPF is meant for our retirement, finance housing and healthcare - and we must not be distracted from these objectives - and trigger a financial crisis to our people come our retirement.


22/11/23, 2:27 pm - ☸️  Danny 心: 

https://www.channelnewsasia.com/cna-insider/malaysia-afford-retirement-crisis-epf-pension-drawdowns-covid-pandemic-3877331

Worst policy ever’: Retirement time bomb after Malaysia’s pension drawdowns amid pandemic?

Malaysians took RM145 billion out of their pension fund to cushion the impact of the pandemic. 

More than half aged below 55 ended up with less than RM10,000 in their accounts. 

Is Malaysia facing a retirement crisis, the programme Insight asks.

Anyhow use CPF the moment COVID hit - now retirement savings left with nothing for retirement.


22/11/23, 2:27 pm - ☸️  Danny 心: <Media omitted>

22/11/23, 2:27 pm - ☸️  Danny 心: <Media omitted>


22/11/23, 2:32 pm - +Frankie Wee: Govt allow them withdrawal RM$200 monthly but they poor healthy


22/11/23, 2:36 pm - ☸️  Danny 心: 

Tapping on retirement account the moment a difficulty arise without looking at other better means - is a sure way to snowball into a financial crisis not only at personal level,   but also national level and future descendants taxpayers will be very stress - when government need to solve the financial crisis by taxing them.

Never fall into such honey trap.

Our neighbor is a good lesson and we should learn from it and not copy them blindly.


22/11/23, 2:38 pm - ☸️  Danny 心: 

If not done properly, government can fall as social unrest will follow when people beg on the street at old age without CPF for their retirement.


22/11/23, 2:39 pm - +Frankie Wee: I think Malaysia govt use scheme to help them support allowance monthly in lifetime till they death


22/11/23, 2:40 pm - ☸️  Danny 心: 

An innocent but fatal policy - can kill us overnight.

Nationalisation is one.

Using CPF to finance living expenses during young age instead of retirement is another one.


22/11/23, 2:40 pm - +Frankie Wee: We may live 100 years old


22/11/23, 2:41 pm - ☸️  Danny 心: 

The problem is their money is not unlimited, and the government reserves are almost depleted.

It is not sustainable.


22/11/23, 2:54 pm - ☸️  Danny 心: https://www.channelnewsasia.com/singapore/cpf-daily-withdrawal-limit-default-online-2000-protect-scams-3933291

Default daily limit of S$2,000 for CPF withdrawals among new measures to protect against scams.

The default daily withdrawal limit can be adjusted to any amount up to S$200,000, but any increase to the daily limit requires Singpass face verification and a 12-hour cooling period.

For members who wish to disable online withdrawals, they can do so by activating the CPF withdrawal lock, which instantly sets the daily withdrawal limit to S$0.

Once the lock is activated, withdrawals can only be made in person at CPF service centres.


My close friend comments :- 

This is good. We can lock up our CPF until we need it.


My comments:-

Actually CPF also adopted the government "2 stage money lockout" + my recommendation - OOB authentication - propose for bank money transfer and withdrawal.

That's :-

1. Digital in, Physical out.

2. OOB authentication.


Hmm...

But I also noticed one loophole.

Withdrawal limit can reduce or open up online via singpass.

If scammer download malware, it can capture the singpass credentials, open withdrawal limit from $0 to $200,000 online and then transfer out the CPF money.

I feel that to open up higher withdrawal limit, should visit CPF branch to do it to be foolproof rather than doing it online.

Reduce withdrawal limit can be done online via singpass.


My comments:-

I relook the news article, it say increase withdrawal limit need singpass face verification.

So biometric authentication is used.

Just be careful our facial biometric data don't get stolen.

Safer than just rely on singpass digital token.

But need to protect our facial biometric features and not it get stolen by scammers.


My close friend comments :- 

Have you weigh and balance conveniences and security. 

This is a much improved safegaurd.


My comments :- 

Yes.

It is a better balance between convenience and security.

Also more secured - because harder to steal facial biometric than digital token.

That's why I didn't object vigorously.

But important not to let scammers steal our facial biometric.

Because once stolen, forever gone.

Anyway, I already has been force by CPF system to scan my facial biometric.

If I don't scan, I can't access my CPF.

Bo bian , 😂.


22/11/23, 2:57 pm - +Frankie Wee: Safeguard cooldown 12 hours


22/11/23, 2:59 pm - ☸️  Danny 心: 

Help, but not foolproof - because people may not have look at the sms notification or email notifications - when withdrawal limit is raise to $200,000.

Or people may not react to it even after seeing the notification.

Appearing at CPF branch - will ensure the person know what is going on when CPF officer check physically with them.


22/11/23, 3:01 pm - +Frankie Wee: System will inform them purpose for reason withdrawal mins $200,000

22/11/23, 3:02 pm - +Frankie Wee: And also beware about scam

22/11/23, 3:02 pm - +Frankie Wee: Any no reason May rejected them for safeguard

22/11/23, 4:00 pm - +REACH: *📢 Topic 📢*

22/11/23, 4:02 pm - +Uncle Law: maybe can look at social support for these families with young children, whom may not be very good with their studies. these children might just give up on their studies and may turn to bad influences

22/11/23, 4:21 pm - +Frankie Wee: Agreed

22/11/23, 4:21 pm - +Jimmy Chew: fantastic effort to meaningfully lift children of families who are really struggling and wanting to be better

22/11/23, 4:21 pm - +Jimmy Chew: An innovative approach, hopes it works

22/11/23, 4:21 pm - +Frankie Wee: Child need a cope attitude

22/11/23, 4:38 pm - +Kenneth Lee WM: For the parents, I think not much more can be done to help them keep their heads above water.  

The only way out of the poverty cycle is for their children to help them get out of it.  Besides the excellent education system and scholarships, children need to have good supervision after school.  In poor families, 2 parents need to work and their kids don't have proper supervision. Nobody motivates / encourages children to read books, spur their curiosity, or do useful things with them.  Most kids are left in front of TV or roam about with friends.  Good after school childcare is very difficult and costly to find.  

Once the kids excel in school, they can get the scholarship and boost themselves further; get good internships etc.

22/11/23, 5:49 pm - +Frankie Wee: https://www.channelnewsasia.com/singapore/secondary-school-subject-based-banding-posting-groups-form-classes-3311176

22/11/23, 5:49 pm - +Frankie Wee: It’s good mix share student

22/11/23, 5:59 pm - +Frankie Wee: If I am not wrong the future system education change better much improvement.

N/O level replace

G1-3

Pri6 result point enter ITE

Their age start NS at 16 

SG young 21 start working

22/11/23, 6:02 pm - +REACH: *📢 Topic 📢*

22/11/23, 6:45 pm - +REACH: REACH wishes everyone good health and a Happy Deepavali! 😃*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 😊

22/11/23, 7:00 pm - +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 😊


====

Friday, November 17, 2023

REACH 512 - What are your views on the latest Assurance Package? How have you and those around you been impacted, and are there enough support measures to cushion the impact of rising cost of living? 

(SK)

17 Nov 2023 (10am - 7pm)


REACH

17/11/23, 9:45 am - +REACH: *Dear Contributors,*

Welcome back! 😊

⏰ We will be opening the chat from *10am to 7pm* today. ⏰

*House Rules (short version of our Terms of Use) to keep in mind:* 

1. Be kind and respectful. We all want to be in a safe space to share our views. 

2. Any and all threatening, abusive, vulgar or racially, religiously and ethnically objectionable content is prohibited.

3. Consider the quiet ones among us and give them a chance to comment.

4. No need to repeat your comment or in different forms (including caps) - we heard you loud and clear the first time.

5. Let’s protect each other’s privacy and keep contact details in this group what it should always be - confidential. 

*Full set of Terms of Use:* https://go.gov.sg/reach-whatsapp-terms

We will strive to uphold these rules to ensure this is a safe space for all.

Please be assured that the points made by participants during the chat are aggregated and shared with relevant agencies.

The topic will be posted shortly.

Thank you

Megan 😊

17/11/23, 10:00 am - +REACH: *📢 Topic 📢*

All adult Singaporeans, aged 21 and above in 2024, will receive between $200 and $800 in December through the Government’s Assurance Package (AP) to help cushion the impact of higher inflation and the goods and services tax. 

The Ministry of Finance (MOF) said that about 2.9 million will receive up to $600 in Assurance Package Cash, and about 2.5 million of them will also receive up to $200 in Assurance Package Cash Special Payment.

*💬 What are your views on the latest Assurance Package? How have you and those around you been impacted, and are there enough support measures to cushion the impact of rising cost of living?* 

📌 *_Package support will be given progressively_*

The package was first announced at Budget 2020 to help offset additional GST expenses. Payouts are disbursed over five years, from 2022 to 2026. 

At Budget 2023, Deputy Prime Minister and Minister for Finance Lawrence Wong announced that the Government would enhance the AP to account for higher inflation and provide additional one-off support to Singaporeans to address immediate cost of living concerns. 

In September, he also announced an additional $1.1 billion Cost-of-Living (COL) Support Package to provide more relief for Singaporean households, especially lower to middle income families. This includes an $800 million enhancement to the AP, which brings its total to more than $10 billion.

📌 *_Different types of payouts_*

The cash payments in December are part of a suite of measures - including MediSave top-ups and Community Development Council (CDC) vouchers - in the AP. 

In January 2024, every Singaporean household will get $500 worth of CDC vouchers, which can be claimed digitally and will expire at the end of 2024.

From February 2024, an AP’s Senior’s Bonus of between $200 to $300 will be paid out to eligible lower-income seniors aged 55 and above, and all Singaporeans aged 20 and below, or 55 and above, will receive $150 in their Central Provident Fund MediSave accounts.

Singaporeans can check their eligibility for the payouts by logging in at the Assurance Package official website with Singpass.

👉  https://str.sg/iNFt 

👉 https://www.channelnewsasia.com/singapore/cash-payment-200-800-december-assurance-package-3921351

👉 http://go.gov.sg/assurancepackage

17/11/23, 10:00 am - ~ REACH Singapore changed this group's settings to allow all participants to send messages to this group

---


17/11/23, 10:17 am - +Frankie Wee: 2024 budget need to rising cash more due cost of living is going up.

Last week I was at NTUC FairPrice and all goods already price increased.

17/11/23, 10:17 am - +Rama: Agree

17/11/23, 10:20 am - +KL: If u now at woodland u see how many tissues seller :(

17/11/23, 10:20 am - +KL: Well done sg

17/11/23, 10:22 am - +Frankie Wee: Most egg sell $3+

17/11/23, 10:22 am - +KL: Like tissue military parade

17/11/23, 10:22 am - +Frankie Wee: No more cheap

17/11/23, 10:22 am - +Frankie Wee: Everywhere also have even at Chinatown too

17/11/23, 10:23 am - +KL: Early in the morning no ppl also have

17/11/23, 10:23 am - +Frankie Wee: Sometime can’t be trusted because they have mental health or some of them from foreign

17/11/23, 10:23 am - +KL: These one confirm all local

17/11/23, 10:24 am - +Frankie Wee: Sell tissue is illegal

17/11/23, 10:24 am - +Frankie Wee: No permits license

17/11/23, 10:24 am - +KL: 80 year old u catch lor

17/11/23, 10:24 am - +Frankie Wee: Of course I saw it no choice

17/11/23, 10:24 am - +Rama: Enforcement rate Good!?

17/11/23, 10:25 am - +Kenneth Lee: These handouts only treat symptoms, not the root cause.

If gov go after ntuc to really lower cost of foodstuff, whole market will follow.

Eg: ban dividends, put a cap on how much profits a coop can earn, get auditors to check that they don’t inflate their expenses, benchmark their volume purchases.

17/11/23, 10:25 am - +Frankie Wee: See attach social advise and finance service

17/11/23, 10:25 am - +Rama: Yes

17/11/23, 10:26 am - +KL: Of course la u see most place have 2 ntuc like Clementic

17/11/23, 10:26 am - +KL: Ntuc need to pay rent right

17/11/23, 10:26 am - +Frankie Wee: Yes

17/11/23, 10:26 am - +KL: In fact it make no economic sense

17/11/23, 10:27 am - +KL: U dare u enforce , I don’t dare to even look straight at their eye <This message was edited>

17/11/23, 10:28 am - +Rama: So, no big deal since illegal!

17/11/23, 10:28 am - +Kenneth Lee: Ntuc online pay less rent. 

Otherwise their eCommerce team need to be replaced.

17/11/23, 10:29 am - +SL: I use a list to track all prices (including the time and transport costs)  in various selling platforms, compare and plan for restock quantity, seller and lead timing.

17/11/23, 10:30 am - +SL: Economy rice 1 egg sell at $1.20, can cook ourself to bring to office

17/11/23, 10:30 am - +KL: Who the cheapest care to share ?

17/11/23, 10:42 am - +Frankie Wee: LHL was attention at APEC meeting summit in US. They discussed about climate change and affected global economic growth and also price increases.

17/11/23, 10:44 am - +Frankie Wee: China Xi was there hand shake become friendly but won’t be hot and Cold War nor trade war affected global economy. However he has own country developed economy.

Biden said he is director than our govt different.

17/11/23, 10:45 am - +Frankie Wee: Both China and USA are partnerships working close to future development relationships

17/11/23, 10:56 am - +Frankie Wee: Singapore future worrying 

-Retiree is not enough in CPF

-price soar high housing and Car COE

-workforce upskill need employment replaced when start new AI

17/11/23, 10:57 am - +Frankie Wee: Price unable going down 😞because of climate change affected economy

17/11/23, 10:58 am - +Rama: Yes

17/11/23, 10:58 am - +Rama: Yes

17/11/23, 11:01 am - +Frankie Wee: I think this may not be enough for us COL in 2024

17/11/23, 11:02 am - +SL: It depends on the product, brand, quantity, and distance to nearby (after considering discount) , the date of purchase, holding cost, etc.. It varies from product to product  , I actually use some coded system to help me to track weekly. 😅

17/11/23, 11:08 am - +Jimmy Chew: Ntuc is set up to help workers. maybe it has lasted its effectiveness and usefulness. Like the COE it need to be tweek. maybe they should do comparisons between good companies that can sell cheap version their structure and see what's wrong? Is it management? HR? Culture? Policies? . They have always been leading in reducing prices. Now it seems that they're not that cheap versus other places

17/11/23, 11:13 am - +Khuan Yew: I think it’s not necessary to give  $200 to those who earn $100k and own *more* than 1 property.

17/11/23, 11:17 am - +Frankie Wee: Agreed

17/11/23, 11:48 am - +~a: does anyone know the reason paternity leave is paid by government, whereas maternity leave if paid by employer for first 2 months and govt for next 2 months?

17/11/23, 11:53 am - +Sam: Must be SNEF side not ready to get employer to pay for it. So this transition period, government pay first. A lot of initiatives also government pay first or subsidise more during the initial few years.

17/11/23, 11:53 am - +Rama: Good question!

17/11/23, 11:58 am - +Rose M K Ho: Perhaps they shd offer bulk discount for ordering online (dun increase or add delivery cost! to offset!) , since u brought up a very valid point ... No Rent for online (except warehouse cost). 

😅🤔

17/11/23, 12:05 pm - +Rama: Will fringe benefits be curtailed once employers start to pay?

17/11/23, 12:10 pm - +~a: will be great if someone from REACH can enlighten on this!

17/11/23, 12:12 pm - +Rama: Yes

17/11/23, 12:15 pm - +Jimmy Chew: Tradition- company pays for women. Men is new. No employer wants to hear the cost. Company is to make money. The government is to assist citizens be better <This message was edited>

17/11/23, 12:17 pm - +~a: why isn't it the same for both gender? (either all by govt , or shared by employer and govt)

17/11/23, 12:18 pm - +Jimmy Chew: Money Money Money 🤑

17/11/23, 12:23 pm - +~a: But wouldn't this cause employers to worry about female employees going on maternity leave, but not male employees going on paternity leave?

17/11/23, 12:26 pm - +Jimmy Chew: Hahaha I don't think so. When wife calls better go

17/11/23, 12:28 pm - +Jimmy Chew: Mother no choice. They can't give birth in the office. If they can give birth in a one day they would do it hahaha

17/11/23, 12:30 pm - +~a: what i mean is that this unequal financial liability to the employer in terms of difference in payer of paternity and maternity leave may lead to gender inequity in the workforce.

17/11/23, 12:31 pm - +~a: This is because employers need to pay if a female employee goes on maternity leave. However, employers do not need to pay if a male employee goes on paternity leave.

17/11/23, 12:31 pm - +Jimmy Chew: Yeah. Yes and no. Men have reservist liability

17/11/23, 12:31 pm - +Jimmy Chew: 👍

17/11/23, 12:32 pm - +~a: Isn't reservist liability also paid for by the government?

17/11/23, 12:34 pm - +~a: For reservist liability, employers can go under the DIRECT scheme, in which employer will pay salary amount as per normal and claim directly from MINDEF.

17/11/23, 12:40 pm - +Jimmy Chew: https://dollarsandsense.sg/business/how-much-can-employers-claim-when-their-nsmen-employees-go-for-in-camp-training-ict/

17/11/23, 12:40 pm - +Jimmy Chew: Thanks.

17/11/23, 12:41 pm - +~a: It looks like a lot less risk still, as the leave is not as long as say a maternity leave


17/11/23, 12:53 pm - ☸️  Danny 心: 

1. Well, this current few years inflation is unprecedented and it affect all Countries globally, not only Singapore.

The inflation rate exceeded more than 10% in many Countries.

Luckily in Singapore, Government is quick to introduce both monetary policy measures (peg exchange rate higher against other currency, and increase of interest rate in tandem with FED interest rate hike) to curb the rapid rise in our inflation rate and fiscal policy to help Singaporeans cope with the inflation --- and hence keep inflation down from 6.12% in 2020 to a respectable 3.5 to 4% currently --- though our inflation norm is 2 to 2.5%


2. To put the global inflation hike issue in perspective - which is beyond the control of our Government and in fact, global Government, the unprecedented inflation hike worldwide are due to :-

a. Pandemic derail global supply chain, manufacturing shutdown etc.

b. Decoupling, friendshoring due to US-China geopolitical tussling that derail the most cost efficient global supply chain.

c. Global warming that trigger extreme weather - impacting traditional food supply in poor crops harvest, animal feed, animal survival impacted etc.

d. Russia-Ukraine war impacting food supply, energy and Israel-Hamas war impacting energy supply


3. Taking into account the above backdrop, our Government ability to keep inflation hike in check to the current 3.5 to 4% inflation rate - is respectable - but still more can be done - until inflation rate go back to normal -- ie. 2 to 2.5%.


4. Tackling the current inflation should be at 2 fold - that is getting our micro-economic perspective right and getting our economic policies at macro-economic level right - so that inflation can be tame without destabilising our Economy, business and jobs.


17/11/23, 1:08 pm - ☸️  Danny 心: 

5. I personally think that the Government has done both very well and deserve special mention.


6. At monetary policy front, 

a. the careful adjustment of our ER (Exchange Rate) to curb imported inflation (the main cause of global inflation hike) - is the most effective measure in keeping inflation down well below 10% - as stronger Sing $ will make imported goods cheaper.


b. But to do so, Singapore must have a strong financial reserve to buy Sing $ and sell the basket of foreign currencies.


c. Being a reputable financial hub helps, as foreign currency investors put their money into Singapore financial system buying up Sing $ - and make our currency strong.


d. Robust trade also help, as we sell to the Global market, as foreign importers pay or convert to Sing $ to buy our goods and services making our currency strong.


e. Refrain from adopting suicidal policy of Nationalising our big Singapore enterprises - that will trigger a demultiplier effect, as State Enterprises cannot operate overseas - as foreign countries will shun SOE due to national security concern and they often view SOE with suspicious eyes.


Hence Nationalisation is a sure way to shrink our GDP, as SOE can only operate in our small little red dot Economy of 5.65 million people instead of the vast big Global market of 9 billion people - leading to a demultiplier effect in our Circular Flow of income - causing SOE revenue to shrink drastically, business activities will go down, government got to throw in taxpayers money (Billions and Billions of $) to buy up shares, or use bond debt as shareholders and investors leave the market, our Stock Exchange shrink in capitalisation, SOE cut workers as business shrink drastically leading to massive unemployment and SOE will have to operate at a loss - with high imported material costs, high salaries but very small market - to curb the "cost of living" of population ---- a "SUICIDAL POLICY".


17/11/23, 1:13 pm - ☸️  Danny 心: 

7. At fiscal policy front, 

a. Our strong reserves for emergency used - such as the Covid emergency fund, strong economic growth - allow our Government to have strong fiscal budget to help Singaporeans cope with the inflation


b. Our current big commercial enterprises and GLCs privatised with shareholders - will help our companies enter into foreign market to earn huge foreign revenues, create jobs for Singaporeans workers and boost our GDP growth contributing to high Government revenue.

This in effect create positive multiplier effect in our Circular Flow of Income - and boost our Economy as compared to Nationalisation that do the reverse and shrink our Economy.


c. With higher Government revenue as profitable business pay tax, working staff pay tax - the Government is able to dish out GST voucher and COL voucher to Singaporeans to help curb the current high inflation rate.

And based on computation, the GST voucher and COL voucher - are able to cover all and most of the inflation hike + GST hike for 3 years.


17/11/23, 1:37 pm - ☸️  Danny 心: 

1. Looking at actual figures are the best way to objectively state our view whether Government GST voucher and COL voucher is sufficient to cover the GST 1% hike in 2023 as well as the high inflation hike.

This is more accurate rather than based on feeling - because using spreadsheet to record all the expenses and income (including Government grant) - will be unbias and objective.


2. My household experience a 9.82% hike in our expenditure taken from a low base from 2020 when the covid strike.

It is higher than the national average of 6.12% at its peak at 2020.


3. But using the COL calculator provided by the Government, the GST voucher and COL voucher dish out by the Government to my household :-

Year 2023 - $6,120 - more than cover the GST hike and inflation hike

Year 2024 - $4,870 - cover about 85% of the GST hike and inflation hike

Year 2025 - $4,270 - cover about 80% to 83% of the GST hike and inflation hike


4. Bearing in mind that our DPM and Minister of Finance has still not yet announce the coming Budget 2024 that the Government will do more come 2024 (despite the fact that another GST hike of 1% will be implemented).

But calculation and projected grants - tell me that I do not have much to worry,


17/11/23, 1:39 pm - +Frankie Wee: COL and GST different 

COL is a goods price rising fast than excepted.


17/11/23, 1:40 pm - ☸️  Danny 心: 

They serve the same purpose using different labels - ie. To help Singaporeans cope with higher cost. <This message was edited>


17/11/23, 1:41 pm - +Frankie Wee: Yes correct but goods rising so fast than slow.

I bought snack crack $2 but now $3

17/11/23, 1:42 pm - +Frankie Wee: Almost about 50% rising


17/11/23, 1:42 pm - ☸️  Danny 心: 

5. Another thing that deserve mention is that the GST voucher and COL voucher are not only given to lower income and middle income - but also upper income group.


This is commendable because :-

a. This unprecedented inflation hike and GST hike - affect all income groups - not only lower income and middle income.

Even upper income also feel stress as all their family members are impacted by high inflation cost at one go - especially those with big families with elderly parents, young children and their expenses are not a small sum.


b. Upper income group also lobsidely pay the most taxes - that benefit all Singaporeans - eg. income tax, property tax, GST, and other taxes. 

Hence, by including the upper income group in the GST and COL grant is one way to show our appreciation for their contribution.

If higher income group feel they want to donate them as they don't need it, by a click of the button in the donation web page, the money can be donated to those who needs them.


c. The ethos of leave No one behind - as Upper Income group are Singaporeans - and they are one of us - and they sacrifice the most (in contributing to Government coffers - that help the rest of the Singaporeans).

By including upper income groups in the GST and COL voucher - is for the Government and the rest of Singaporeans to show our token of gratitudes to them as we can't be 忘恩负义。

Inclusiveness is one of our most valued policy - that even higher income group are not forgotten by our Government and by Singaporeans.


17/11/23, 1:42 pm - +Frankie Wee: That’s mean COL is not enough for everyone spent money


17/11/23, 1:44 pm - ☸️  Danny 心: 

I use spreadsheet to keep track of my monthly and yearly spending and money coming in.

The figures paint the true picture. <This message was edited>


17/11/23, 2:00 pm - +REACH: *📢 Topic 📢*


17/11/23, 2:21 pm - ☸️  Danny 心: 

"Singtel-owned Optus says massive Australia outage was after software upgrade".

Routing information of all Optus routers change by international peering network.

 https://www.straitstimes.com/asia/australianz/singtel-owned-optus-says-massive-australia-outage-was-after-software-upgrade#:~:text=Singtel%2Downed%20Optus%20says%20massive%20Australia%20outage%20was%20after%20software%20upgrade


17/11/23, 2:21 pm - ☸️  Danny 心: 

1. Usually the peering routers to other international peering network routers - are peer via BGP protocol using AS number (Autonomous System).


2. The routing information learn from the peering network should not redistribute to the Telco internal network as peering routers usually have very big capacity and can learn external internet very big routing information.


3. But Telco internal network routers have smaller capacity - hence internet route information from the external peering network routers should not be redistribute to the Telco internal routers.


4. All unknown routes from the internal network routers should throw as default route to the large peering routers which will then check its routing table which peering network has the routing information to route to.


5. External routing information should be filter off from the Telco internal routers.


6. Hence any changes to the internet routing information by the peering network routers will not cause disruption to the Telco internal network routers.


7. All corporate routers are configure in these manner to prevent instability to the corporate internal network - because routing table update from the internet is very dynamic and will not want internal network to be constantly disrupted by the routing table update.

Also the internal routers capacity will definitely not be able to accommodate the huge internet routing table.


8. Wonder why Optus - a Telco can make such a fundamental routing network design mistake?


9. No CCIE experts to design the network????


17/11/23, 2:26 pm - ☸️  Danny 心: 

If Singtel is nationalised, can only operate in a tiny 5.65 million domestic market.

Can not acquire Optus in Australia in a much larger market.

Because Telco is consider national security assets - and will not allow SOE, a foreign government entity to control a Telco.

Singtel is a GLCs owned by shareholders and investors - so can acquire another overseas commercial entity.

A wrong policy nationalisation will make us go poor overnight. <This message was edited>


17/11/23, 2:52 pm - ☸️  Danny 心: 

1. One fundamental textbook mistake - could means Optus facing a big fine by regulator or class action compensation to consumers.

2. Then our parent SINGTEL - one big financial lobang next year.

3. Lower profit, pay less tax to government - and lesser GST or COL voucher to Singaporeans...

4. Thought to pass the CCNP and CCIE tests - this question will come out - and cannot pass if got the answer wrong.

5. Hands on will also test this scenario.

6. Wonder how come Optus can make this mistake?.....

Now lobang pichak...


17/11/23, 3:30 pm - ☸️  Danny 心: 

10. Outside internet routers which need to access internal routers - will route to the high order subnet   of the routing table of the Optus peering routers.


11. Optus peering routers can then check the lower order subnet of the internal router network from the routing table and route inflow data to the internal routers.


12. Hence internal lower capacity Optus routers are shielded from the dynamic routing table changes from the internet - and will not trigger the Optus Telco network meltdown - as all internet routing entries update are handled by the big super peering routers.


17/11/23, 4:00 pm - +REACH: *📢 Topic 📢*

17/11/23, 4:02 pm - +KL: Maybe you can ask AI to distribute the  money handout :))  .

17/11/23, 4:02 pm - +Jimmy Chew: download pilgrims progress

17/11/23, 4:03 pm - +KL: If not , I can’t tell how AI will help me in future :))


17/11/23, 4:05 pm - ☸️  Danny 心: 

Well you got to be better to beat AI.


17/11/23, 4:05 pm - ☸️  Danny 心: 

"Google researchers deal a major blow to the theory AI is about to outsmart humans" - AGI.

 https://www.businessinsider.com/google-researchers-have-turned-agi-race-upside-down-with-paper-2023-11#:~:text=at%20any%20time-,Google%20researchers%20deal%20a%20major%20blow%20to%20the%20theory%20AI%20is%20about%20to%20outsmart%20humans,-Hasan%20Chowdhury


17/11/23, 4:05 pm - ☸️  Danny 心: 

AGI still cannot beat human.


17/11/23, 4:23 pm - ☸️  Danny 心: 

Like this one, you need human brain to troubleshoot and rectify.

No one will let AI do it, and mess up the whole thing.

AI could complement by generating example configuration - but cannot do the changes to the entire Telco network.

It will create a bigger mess.


17/11/23, 5:33 pm - +REACH: *Dear Contributors*

We want to *HEAR MORE* from you! 

*💬 What are your views on the latest Assurance Package? How have you and those around you been impacted, and are there enough support measures to cushion the impact of rising cost of living?* 

We have had good feedback and hope that we can keep the discussion robust and active!

Megan 😊

17/11/23, 5:43 pm - +Frankie Wee: Budget give more voucher cash and rising more price increases

17/11/23, 6:00 pm - +REACH: *📢 Topic 📢*

17/11/23, 6:00 pm - +Smiley face: 17 November, 2023

"Diametric: Inflation and Deflation"

"What is deflation? When prices of goods and services decreased and the subsequent effects of cheaper goods and services will run-down week by week to the bottom of things. One factor for such price decrease is the propensity to spend less and the other factor is the lost in income of households or breadwinners. All of these knee jerks reactions are part and parcel of deflation. And cash will be king."

- - anonymity

The treatments of symptom and cause may be linear and non-linear whether is inflation or deflation.


17/11/23, 6:07 pm - ☸️  Danny 心: 

3 steps process to cope with the high inflation as 2024 resolution:-

1. Look for ways to increase personal & household income.

2. Look for ways to cut expenses by sourcing alternative cheaper equally goods and services.

3. Look forward to DPM and Finance Minister Lawrence Wong Budget 2024 - hoping to hear good news on more long term sustainable (government affordable) GST voucher and COL voucher for Singaporeans.


17/11/23, 6:42 pm - Your security code with ~ Sam changed. Tap to learn more.

17/11/23, 6:45 pm - +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 😊

17/11/23, 6:51 pm - Your security code with ~ Sam changed. Tap to learn more.


17/11/23, 6:53 pm - ☸️  Danny 心: 

WhatsApp warning over fee to keep old messages.

New update means Android users no longer have free storage for old messages, photos and videos.

https://www.independent.co.uk/tech/whatsapp-update-latest-2023-android-b2447654.html


17/11/23, 6:54 pm - ☸️  Danny 心: 

For information, in future there maybe a need to do housekeeping in WhatsApp.

Google start charging for storage.

No longer unlimited storage. <This message was edited>


17/11/23, 6:56 pm - +Smiley face: Behind ICBC hack is a gang for hire that holds systems hostage

https://www.thestar.com.my/tech/tech-news/2023/11/10/behind-icbc-hack-is-a-gang-for-hire-that-holds-systems-hostage

17/11/23, 6:56 pm - +SL: There are other platform still foc right?


17/11/23, 6:57 pm - ☸️  Danny 心: 

Telegram.


17/11/23, 6:58 pm - ☸️  Danny 心: 

But WhatsApp have arrangements with government.

Telegram don't have.


17/11/23, 6:58 pm - +SL: Similarly, the cloud storage cost we pay can be replaced by NAS, which is cheaper in the long run if we know they way.,

17/11/23, 6:59 pm - +Smiley face: <Media omitted>

17/11/23, 7:00 pm - +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 😊

17/11/23, 7:00 pm - ~ REACH Singapore changed this group's settings to allow only admins to send messages to this group


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