Wednesday, July 29, 2015

Government really pro small businesses?

The Singapore government has always highlighted that they are pro small businesses, helping SMEs but is that really felt on the ground? The key issue for small businesses is always about cash flow, where you may get lots of deals but unable to get any cash because of the constant changes in requirements or because of outside competition from other countries who are not affected by the manpower quota and can charge much cheaper than Singapore based countries. 

In the United States, very often quoted as a hub of innovation, has bills that allow banks to make loans to qualifying small businesses, and the agency in-charge guarantees them, allowing lower interest rates and companies with short credit histories to obtain capital.

That is something that is missing over here. Is it because we have policy makers who have no idea the issues that the SMEs really feel on the ground?

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Saturday, July 25, 2015

Inflation is down by 0.3%

These are the Singapore inflation rates for 2015:
January: -0.4%
February: -0.3%
March: -0.3%
April: -0.5%
May: -0.4%
June: -0.3%

For the month of June, both Education & Food rose by 3.1% and 2% respectively year on year. Inflation has been quite stable compared to previous month but it is slowly ticking up as mentioned previously. The trend will continue, bearing any external shocks.

However, US is going to slowly raise their rates so we might be in a state where inflation is low, but interest rates are ticking up.

Thursday, July 9, 2015

Result of withdrawing bus routes parallel to train routes

What does the recent breakdown of the North South Line and the East West Line tell us? It was a wrong call to withdraw bus routes that duplicate the train routes. When the line is down, there is absolutely no way that a person can get home and all the buses deployed is of no use because there are just too many people stranded at the same time. 

Don't go comparing with other countries having train breakdowns because I know for the fact that at least one of the countries, Japan, has parallel train routes and their railway is designed in such a manner that they can bypass certain stations if need to. 

Immediate need is to reinstate bus routes that run parallel to the train routes. That would also incentivized the train operators in doing preventive maintenance properly, not corrective maintenance. 

Monday, July 6, 2015

Reap what you sow

For those who were quick to criticize about the Amos Yee issue, just remember one thing. It was his choice to be remanded. 

Amos Yee had previously rejected the option of probation and a term in the Reformative Training Centre as a sentence, sticking to his original plea for a jail term.

Be objective in your criticism.

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