Saturday, January 25, 2020

Wisdom of the Crowd - New Issues

1. Will the Wuhan virus become very serious
2. Is the court being fair to SDP on the POFMA hearing?

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WOTC - POFMA hearing in open court

Wisdom of the Crowd: 66% said that the govt should get rid of the confusing POFMA law. 34% said that the hearing should be held in open court.

WOTC - Data on PMET employment

Wisdom of the Crowd: 59% of the respondents said that MOM refuse to provide data on PMET employment because they have something to hide. 24% said that the data is confusing.

Thursday, January 23, 2020

Difficult to change legacy system

My friend said that it is when the traditional manufacturers like GM, Ford, Toyota, BMW starts to manufacture electric cars, Tesla will face strong competition. He thinks that Tesla will not be profitable.

I disagree.

Provide direction signs to main entrance

I attended a presentation at Pixel building in One North. I checked Singapore map and found the building. It is a JTC building.

There was no indication on the map where the entrance is. There was also no sign on the site. It was a strange building.

I walked round the building. I could not find the entrance. I walked again. I finally saw it near the car park.

If someone drives into the car park, they can see the entrance. But if the visitor does not drive, it is quite confusing.

I had a similar problem when I visited another JTC building in Woodlands one month ago. The building is called Wave 9. It is a large building. There is no indication where the main entrance lobby is. I have to walked around this huge building.

Why are signs in Singapore so bad? Why can't they indicate where is the main entrance to the building?

WOTC - Withholding of education certificate

Wisdom of the Crowd: 10% of the respondents viewed favorably the minister's decision to review the withholding of education certificates. The other 90% are unhappy with the further delay.

WOTC - Fair consideration framework

Wisdom of the Crowd: Only 3% of the respondents agree with MOM' strategy to strengthen the Fair Consideration Framework. The others prefer MOM to adopt other strategies.

Wednesday, January 22, 2020

Tuesday, January 21, 2020

How to get local born citizens to accept new citizens

I like to suggest how to get our local born citizens to accept new citizens.

We should expect the new citizens to have the same obligations as local born citizens, especially in the field of national service.

But new citizens may be too old to serve national service, or they may not want to be new citizens if they have to suffer this obligation.

What can be done?

The solution is "out of the box".

Wisdom of the Crowd - New Issues

1. Will global stock markets advance further in 2020?
2. Will the property market in Singapore recover in 2020?
3. Are many PMETs losing their jobs in Singapore?
4. Will Heng SK deliver a financial plan for the future?

Keep apps simple and focused

Many of the apps are difficult to use. They contain too many options. They distract from the key functions that users need in the app.

E-payment in mall in Thailand

When I visited a food court in a mall in Thailand, I cannot pay cash. I have to pay by a card.

I was directed to the customer service counter. I gave cash to the staff who issue me with a payment card with the amount entered into the card.

I had to pay for my purchases with the card. The stall enter the amount into a device and I tap my card. That's it. It is quite easy.

QR Code takes more time

I went to Yummy Noodles in Sembawang Hills Food Center and ordered $4 laksa. I opted to pay by QR code. It is the only stall in the food center that accepts this option.

I had to take many steps to make this QR payment. I explain below:

How Boeing’s role in a deadly crash ‘got buried’

New York Times reported.

How Boeing’s role in a deadly crash ‘got buried’

When a Boeing 737 crashed near Amsterdam in 2009, killing nine people, the accident was blamed on Dutch pilots. But Boeing’s mistakes also contributed, including its design choices and faulty safety assessments.
A review by The New York Times of evidence from the 2009 accident, some of it previously confidential, reveals striking parallels with recent Boeing crashes that killed hundreds — and resistance by a team of Americans, including Boeing and federal officials, to a full airing of findings that later proved relevant to Boeing’s Max plane.
An expert commissioned by the Dutch Safety Board to analyze the 2009 crash said it “represents such a sentinel event that was never taken seriously.” His study was never made public.
Comparisons: In the 2009 and Max accidents, the failure of a single sensor caused systems to misfire, with catastrophic results, and Boeing did not provide pilots with information that could have helped them react to the malfunction.
Quotable: The Turkish Airlines crash “should have woken everybody up,” said one aviation safety expert.

Viral ailment spreads in Asia, feeding fears of pandemic

New York Times reported.

Viral ailment spreads in Asia, feeding fears of pandemic

The coronavirus causing a new respiratory illness is now capable of spreading from person to person, a prominent Chinese scientist said on Monday, as the authorities reported a third death and doubled the number of cases from a day earlier, including in Beijing and southern China for the first time.
Cases have also been reported in Japan, South Korea and Thailand.

With hundreds of millions of people in China expected to travel for the Lunar New Year holiday, which begins Friday, public health officials are working to forestall a major outbreak. Some experts have suggested that there are probably far more cases of the illness than China’s authorities have disclosed.

Wisdom of the Crowd - New Issues

1. Will global stock markets advance further in 2020?
2. Will the property market in Singapore recover in 2020?
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WOTC - Priority of education policy

Wisdom of the Crowd: 86% of the respondents voted to change the focus to produce educated students rather than top students. 11% voted to abolish the scholarship system. 3% voted to reduce the syllabus.

WOTC - Govt policy on National Service

Wisdom of the Crowd: 54% of the respondents prefer PR and new citizens to serve national service. 29% prefer to abolish NS and depend on a professional army. 17% prefer to reduce the time spend in NS and reservist by half. Nobody opted to continue NS it is current form.

Articles on insurance and investments

These articles on insurance and investments are written for members of FISCA.

For the time being, they are also available to non-members, but after the email address is provided.

Monday, January 20, 2020

Difference of 34% in drug prices at public hospitals

The ministry of health has given this explanation. I find it unacceptable. Frankly, it is a load of rubbish.

Health apps

I downloaded two apps from Ministry of Health.

a) Health 365 encourages users to exercise daily
b) Health Hub allows users to book appointments and keep their health records.

Both apps are useful, but they are over-designed. They have too many functions and information. It confuses the users. Often, I get stuck on a screen that I do not want and have to find many ways to get out of it.

What is the point of segregating the data by citizen type?

Minister Chan Chun Sing asked - what is the point of segregating the data between citizen and permanent resident?

The answer is obvious - there is a perception that local born citizens have a higher risk of losing their jobs through retrenchment and are forced to take a job as a driver or delivery crew, just to make a living.

The perception is that a large number of the new jobs go to permanent residents and foreigners, which could have gone to these locally born citizens.

Difficult to make an appointment at polyclinic

I faced the following problem in making an appointment to visit the polyclinic. Here is my feedback.

Prerequisites for new citizens

I wish to give my views about prerequisites for new citizens.

Wisdom of the Crowd - New Issues

1. What is the best outcome for the general election?
2. Do you believe in ghosts?

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WOTC - Singapore spends $3.5 billion on fighter jets

Wisdom of the Crowd: 90% of the respondents said that it was not wise for Singapore to spend $3.5 billion on the fighter jets.

WOTC - Shooting down of Ukrainian plane

Wisdom of the Crowd: 55% of the respondents said that Iran should take responsibility for the shooting down of the Ukrainian airline. 32% blame the US.

Sunday, January 19, 2020

Another ponzi scheme, involving blockchain

Someone said.

I have a friend who invest in a digital bitcoin website blockchain advertising business, they promised him a payout of 2% per months , meaning he will get 24% per year ! This looks perfectly a good investment.

But he did not really know how this business really can delivers the returns as these returns are projections based on the company leaders self claim they can do it easily without showing how they can consistently deliver the results in a safe and sustainable way in long term.

Not long after he invested in his high hopes investment, he saw his investment value has achieved a 200% over a period of time . Later , he was encouraged by the company leaders to recruits members like him to join in and earn the rewards to invest in this scheme. The new recruits was also able to see their returns every month, but they cannot withdraw the money for the first two years but can see the value in digital figures. He also earns their joining fee.

He was so happy and wanted to cashout the investment for his children education in a local university. Little did he realize in digital sums in the Statement showing his 200% increase value that states he can withdraw the money after a promise minimum lock in period. He tries to withdraw the money, the system denied his request, mentioned the server is down and the company leaders mentioned that they are trying to rectify the issues. Months has passed , he still couldn’t withdraw the money inside .

The D - Days comes But was too late. He tried to call the office about the investment in the digital bitcoins on how he can get all the digital money out but only discovered that the telephone number is not in used and the office is closed. The company leaders which he keep in touch also went missing eventually!

Moral of the story, there is no such things of safe investment when comes to unqualified valuation and investment returns that are too good to believe in! In short, if you are promise a Mandate, and the mandates are part of the always changing mandates according to the company policy as part of the investment mandates, you should always beware the Risk? How True ?

MY COMMENT - Hello, this is a ponzi scheme. The promoter take the money from the later investors to pay the attractive return of the earlier investors. The ponzi grows in geometrical proportion. When the promoter has made enough money, he disappear with all the investments. The investors lost all of their money.

Wisdom of the Crowd - New Issues

1. What will happen to Taiwan after the landslide win of President Tsai
2. Does Singapore still have a high level of non-corruptibility?

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WOTC - Conflict between US and Iran

Wisdom of the Crowd: 81% of the respondents expect the conflict between US and Iran to continue and will not be resolved soon.

WOTC - Use of e-payment for small transactions

Wisdom of the Crowd: 66% of the respondents said that Singapore should move towards e-payment for small payments.

Is crony capitalism a form of corruption?

The Online Citizen has a report that Singapore has a high rating for being "non-corrupt" but ranks 4th on the crony capitalism index. Is crony capitalism a form of corruption?

Let me give my view.

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