I retired from NTUC Income on 28 February 2007, after heading this cooperative for 30 years. I now run a consultancy company. See www.tankinlian.com. I write this blog to give my views on insurance, investment and financial planning for the benefit of consumers. You can contact me at kinlian@gmail.com.
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2012
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- ► 05/27 - 06/03 (5)
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05/20 - 05/27
(24)
- Fair value of a stock
- FISCA AGM, 26 May 2012
- Air bags in cars
- Illegal fund raising
- Politician or civil servant
- Unethical electioneering practices
- Unfair allegation of dishonesty
- 10 worst bits of advice
- Currency trading is like gambling
- How to evaluate a life insurance policy
- Risk of trading forex
- Facebook IPO - and how its price fared
- Hougang by-election - importance of the vote
- 21" monitor
- Act against car racing
- Lessons from college dropouts
- Importance of compound interest
- Democracy
- Perpetual bonds
- Professional services for FISCA members
- Lease document for tenancy
- TKL Blog in Chinese
- TKL Blog in Bahasa
- CPF Life - a small "participating" feature
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05/13 - 05/20
(28)
- Making a health insurance claim
- ST inverview with Yeoh Lam Keong
- Google driverless car
- Update on Corporate Portal
- Outlook on shares and properties
- Xenophobia in Singapore
- Letter of Administration for an Estate
- Trading in currencies
- 15 great companies started out differently
- Ferrari in Bugis crash - whose fault?
- Understand compound interest
- Do you know your motor insurance coverage?
- Gold player with "buyback offer"
- Hougang by-election – my vote
- Invest in ETF without passing a test
- Advertising on Facebook
- Low interest rate, bubble and risk
- Rush into perpetual bonds cause alarm
- Big banks should be regulated
- Financial Tips for consumers
- Hougang by-election - my vote
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- Cost of Borrowing
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- Insuring your risks
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- Help small business hire again
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- Term Insurance for 25 years
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5 comments:
Unfortunately our civil servants are not very interested in helping Singapore SMEs. To them, Singapore SMEs are similar to a kind of pest.
Not "not very interest".
Not interested at all.
But are small businesses able to create many decent paying jobs?
If not, these jobs created will go to cheap and young foreign talents which are readily available due to govt policy. And boost economic growth!
So locals will still be complaining! And worst hit are the middle age unemployed who could not get a low paying job even if he wanted to, for reasons above.
I have a friend who owns two wet market fresh fish stalls in Serangoon and Chinatown. He privately told me, can't stand Singaporeans anymore, not that their faults, but he's simply struggling with ICT, MOB, IPPT and RT callups. He now runs a PR only hiring policy. What to say? He pays and is entitled to choose.
Frankly, if I'd put up my own money to setup a business, I'd follow the same line of thinking and practice. If the government says it's illegal, then I'd close the business. If I'm rich enough to start a business in Singapore, I'd probably be rich enough to start one elsewhere, or even not starting one at all and live off my money. The NS and reservist disadvantage must be addressed and solved. No use just banging chests and singing songs about loyalty.
If you are a SME, you would be much better off setting up a biz elsewhere. Those pro-business policies you hear so much about are for GLCs and MNCs. As an example, it is quite easy for GLCs and MNCs to get passes for FT. If you are an SME on other hand, your application would probably be scrutinised and rejected at the drop of a hat.
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