Electricity market

The Energy Market Authority made two major mistakes that will be costly to the economy over a long term.

Here are my suggestions:
https://tklcloud.com/Feedback/feedback2.aspx?id=1426

WOTC - NUS peeping tom incident

I asked this question in the Wisdom of the Crowd:

Was Monica Baey acting correctly in pursuing the Peeping Tom incident?

Here are the responses: (71 Votes)

52 % - She did what was needed to highlight the sexual harassment issue
31 % - She was brave to come out publicly on this issue.
13 % - As a society, we should give young people a second chance for committing an foolish act.
4 % - She could have accepted the apology from the offender and not take the actions that has now destroyed his future. 

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=1305

WOTC - Regain the trust of the people

I asked this question in the Wisdom of the Crowd:

How can the government regain the trust of the people?

Here are the responses: (62 Votes)

63 % - Be transparent and accountable.
23 % - Reduce minister salaries to a more reasonable level.
13 % - Interact more with the people and listen to their suggestions.
2 % - The ministers should not be distracted from what they are doing now, as they have big challenges to address.

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=1304

Thinking long term

Why US has never tried building Belt and Road for other countries as China does?

Alexander Finnegan, J.D. Law, Marxist Leninist answered:

Because the Chinese have a history of thinking long term. At a meeting an American diplomat asked Zhou en Lai what he thought of the implications of the French Revolution. He thought for a moment, and said - “I don’t know. It’s too early to tell.”

https://tklcloud.com/Feedback/feedback2.aspx?id=1423

Vote on these issues

https://wisdomofthecrowd.sg/active_issue.aspx

Looking beyond self interest

It is a common behavior for most people to consider a matter only from their self interest. They are not aware that other people have interest that are different from their own interest. They seem to think that their interest is the only right perspective.

A good leader will be able to see the issue from the perspective of all the parties that are involved.

A broad minded people will be able to see the issue from the perspective of other people.
https://tklcloud.com/Feedback/feedback2.aspx?id=1422

WOTC - Season parking

I asked this question in the Wisdom of the Crowd:

Should season parking be reserved at higher floors of car parks?

Here are the responses: (55 Votes)

29 % - Residents who pay season parking fees should be given priority to the lower floors.
29 % - Reserved parking for season tickets should only apply at night.
24 % - It will allow visitors to use the lower floors more efficiently, as they stay for a short time.
18 % - The car park should be freely used with no priority for season or hourly parking.

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=1303

WOTC - NAS Daily

I asked this question in the Wisdom of the Crowd:

Will NAS Daily operate successfully from Singapore?

Here are the responses: (49 Votes)

43 % - NAS will get financial support from the SG govt for this activities.
37 % - He will leave Singapore due to high cost of operations.
12 % - It will be successful as Singapore is a convenient place to carry out his activities.
8 % - He will leave Singapore within one year.

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=1302

Abandoned houses in Japan

10 million homes in Japan are abandoned, representing 15% of all houses in Japan. They have no value, even though they are freehold. Remember, properties in Japan used to be very expensive and a great investment.

There is a lesson for Singapore. Learn it.
https://tklcloud.com/Feedback/feedback2.aspx?id=1420

WOTC - Create employment for locals

I asked this question in the Wisdom of the Crowd:

Which option do you prefer to create employment for locals?

Here are the responses: (63 Votes)

52 % - Increase the wages of jobs that are now rejected by locals.
32 % - Cut down the inflow of foreign workers for low paying jobs.
8 % - Reduce the work week, and allow more people to be employed.
8 % - We have to keep the current system to ensure our international competitiveness

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=1301

WOTC - Reduce infrastructure spending

I asked this question in the Wisdom of the Crowd:

If the govt can reduce infrastructure spending by $5 billion, how can it be used?

Here are the responses: (56 Votes)

50 % - Provide better welfare to reduce cost of living 
45 % - Reduce GST to 4% (from 7%)
5 % - Reduce income tax
0 % - Buy more weapons

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=1300

Impact of high property prices

The economic problem faced by Singapore starts with the policy to allow the price of leasehold property (both public and private) to increase to astronomical levels. This was due to the "asset enhancement policy".

It has a follow through effect in increasing the cost of doing business and the cost of living. It feeds into the eco-system at multiple levels and has an multiplier effect. It goes through endless rounds of increases, one level feeding on to another level.

There seemed to be no end to this spiraling increase.
https://tklcloud.com/Feedback/feedback2.aspx?id=1417

Feedback with most views

https://tklcloud.com/Feedback/most_view.aspx

WOTC - Rule of law

I asked this question in the Wisdom of the Crowd:

Are you happy with the rule of law in Singapore?

Here are the responses: (57 Votes)

51 % - The law could be interpreted in a way that favors the govt and connected parties.
35 % - Most ordinary people could not afford to take legal action as it is too costly for them.
11 % - It is better than most other countries.
4 % - It is of high standard.

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=1299

WOTC - 34,000 investors of Hyflux

I asked this question in the Wisdom of the Crowd:

How do you describe the 34,000 investors of Hyflux?

Here are the responses: (46 Votes)

50 % - They assumed that MAS and SGX would not approve a bad investment to be sold to the public.
30 % - They consider the risk to be small and acceptable as they are investing in an asset that is strategic to Singapore.
13 % - The prospectus did not highlight the actual financial condition of Hyflux at that time.
7 % - They are greedy and invest to get a higher return.

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=1298

The economic future for Singapore is bleak.

Two decades ago, Singapore had the ambition to be a medical hub, education hub and finance hub.

Many of these ambitious goals have failed.

The economic future for Singapore is bleak.
https://tklcloud.com/Feedback/feedback2.aspx?id=1414

WOTC - Slogan for non PAP coalition

I asked this question in the Wisdom of the Crowd:

Which slogan do you prefer to be adopted by a party that opposes the PAP.

Here are the responses: (55 Votes)

65 % - Transparency and accountability
18 % - A government you can trust
16 % - Stand together for a better future

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=1297T

Wisdom of the crowd

Vote on these issues
https://wisdomofthecrowd.sg/active_issue.aspx

WOTC - Improve wages for low income workers

I asked this question in the Wisdom of the Crowd:

How to improve wages for low income workers?

Here are the responses: (53 Votes)

58 % - Ask employers to pay higher wages and receive wage subsidy from government.
26 % - Govt to give Workfare supplement to complete the low wages paid by employers.
13 % - Train the older workers to get new and suitable jobs in the economy.
2 % - Let the workers find their own solution.

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=1296

WOTC - Approval of new securities

I asked this question in the Wisdom of the Crowd:

How can MAS strengthen its approval process for new securities?

Here are the responses: (55 Votes)

44 % - MAS should appoint an independent rating firm to rate the securities. The fee will be paid by the issuing company.
29 % - The MAS officer should study the prospectus in detail and ensure that it reflects the true position of the company issuing the securities.
20 % - MAS should reject securities that they consider to be risky.
7 % - The current process is satisfactory. Investors should study the prospectus before buying the securities.

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=1295