Is it so hard to find an IT architecting job?

After working through so many SDLCs, I have always wondered why so little emphasis is on the translation of requirements from the real process, to the software features. In my opinion, a successful software project hinges on 3 points:

1. Good project management
2. Good requirements gathering
3. Good translation of user requirements to software requirements and design
   

I have been through it all, but it seems that most of the time, 2 and 3 seems to be lacking in focus. In fact, most of the time, I keep hearing comments that it's of no use doing 2 and 3 properly because requirements always change.

I beg to disagree... I have done at least 1 project that points 2 and 3 did not change after design specs are signed off. In fact, in all the projects that I have done, only 1 project has that dubious honor of ever changing requirements, even after the system is launched. Granted it was done very early in my career but still, once is enough. The key point is the process for points 2 and 3.

To me, this area is where a software architect comes in. A person who can understand the business processes and requirements, and transform it into software requirements that suit the business needs. I like that translation process, although it is very tiring.

Recently I have been reading up on my own on the 4 big areas of software architecting which I felt is important in any organisation:

1. Business architecting
2. Data architecting
3. Application architecting
4. Technology architecting

This is where you look at all the IT solutions in a macro view, most often in an organisation view. How different systems will talk to each other to fulfil one common goal, the business processes.

I believe in looking at the solutions from both the micro and macro view. As a result, some people say that I plan for too many contingencies. However if I see a problem, I will nib it at the bud before it happens. This is my style... I can't help doing it.

Now then comes the problem... It seems to me that at least in Singapore, there are few who believes in this type of architecting. I have tried to look for jobs with regards to this area but it seems that I might not be looking hard enough. In fact, I've only found one job description that is similar to what I'm interested in, but to-date, I have not received any reply.

People do comment to me that I have a knack of doing this kind of solutioning. Is it that I'm not ready for this type of solutioning, or organisations are not ready to walk down this path of looking at IT in a different manner? Such jobs seem to be very rare, at least from what I can see from the jobs listing.

Sometimes I wonder if I'm in wrong era or something... Or am I in the wrong country?

GST Rebates vs Roll-back of GST

Today I was reading an article on asking for the roll-back of the additional 2% Goods and Services (GST) tax to ease the burden. Maybe it's due to the CNY but somehow, the GST rebates came into mind.

An average young Singaporean, staying in a HDB 4 room flat, earning about $30k per year will get $400 GST rebates (Refer to the Budget 2009 rebates here).

Calculating this amount in reverse, that means the Singapore government is actually subsidising $20,000 worth of expenses (2% GST tax) annually. Effectively, the government is actually rolling back the GST tax increase to selective people, mainly Singaporeans. This rebate will depend on how well-off you are, in the government's eyes. Noted that this rebate is only temporary, and not a fixture every year.

For some reason, I've not never seen this mentioned in any news. Of course this might also be an un-intentional reason.

This sort of selective "GST refund" I see arises from 2 main points that were repeatedly brought up by Singaporeans:

1. Roll-back the 2% GST
2. Foreigners getting the same benefits as Singaporeans

Rolling back the 2% GST will benefit everyone, including foreigners. Dolling out GST rebates selectively will "hopefully" target the Singaporeans who need it.

Finally, I see some advantages of being a Singaporean. Hopefully this kind of rebates will be a permanent fixture every year. Many of the foreigners see absolutely no reason why they should become a Singaporean, because it makes no difference to them.

Anyway, Happy Chinese New Year everyone. A new year, a new beginning. I hope...

新年快乐！

Learn to play guitar using your computer

It seems like technology has taken another step forward. Now, you're able to learn to play the guitar using a full 3D animated program that allows you to pan, zoom, and slow down the video tutorial. I came across this video in YouTube.

However, coming from a guitar player's perspective, I do not think this can replace an actual guitar teacher, especially if it is classical. But still... Wow.

It's time to 捞魚生 again

It's time for me to dig up the thread I posted last year about 捞魚生. Chinese New Year is here again. Just went for dinner and I saw many people doing it.

You can refer to my previous post here on the so-called procedures. Seems like there's a lot of versions though.

Takeaway from Singapore Budget 2009

After posting the summary of the Singapore Budget 2009 here, it was easy to see what is the government is trying to do during this severe recession.

In my opinion, this is what they are trying to do:

1. Preventing job losses by partially subsidizing the employees' pay, and encouraging the employers to send those employees for retraining under SPURS.
   
   
2. Encouraging employers to pay CPF to their employees as this is the only way they are going to get the subsidy. This relief I believe is targeted to Singaporeans and PR.
   
   
3. Helping the businesses to stay afloat by reducing their taxation
   
   
4. Encouraging more businesses to set up shop in Singapore by introducing some new funds.
   
   
5. Increasing rebates to Singaporeans and encouraging Singaporeans to donate more to charities if possible.
   
   
6. Providing some jobs by investing in certain sectors.

This budget is not about rejuvenating the economy. Instead, it's all about lessening the blow of the recession until demand recovers. The problem is ... ... Will demand recover?

Many analysts are predicting a V-shape recovery for Singapore, but I am less optimistic than them. The world is largely dependent on U.K. and the USA for most of the demand for goods, and I do include China and India too. However, I can see from the signs that U.K. and U.S.A is not going to recover anytime soon. Their banks are too over-leveraged, and the excesses are not exactly drained out as of now. Not only that, their citizens finally realised that they should be saving more. The USA household saving rates might be up by at least 1% compared to 2008. In fact based on data from OECD, almost every country is upping their household savings rate. The only reason I felt that the world's economy was expanding at such a rapid pace previously was because of over-leveraging.

If everyone is saving more, where is the demand for goods? The answer is none. So why is everyone predicting that the economy is going to pickup late 2009? That is because of history. They have their eyes on the average recession period, but not on what's happening around the world. Currently, I did see a glimmer of hope from the insurance for toxic assets that Britain is introducing. Other than that, I've not seen any innovative solution that can get us out of this mess. Demand improving late 2009? Highly unlikely. In fact, my view has not changed that this recession might even match the great depression.

One should not also forget that in some countries, the population is shrinking. Economic growth is also based on the fundamental concept of increasing population. So when the population shrinks instead of increasing, it doesn't take a rocket scientist to predict a lowering of demand.

Granted, the government can do nothing about Singapore's recession. Singapore is too dependent on the outside world. In fact, sometimes even Singaporeans wonder how come foreigners are treated better than the citizens. What's the advantage of being a Singaporean? We have no minimal pay, government is always pro-business rather than pro-citizens, and we have a lot of other taxes even though our income tax is one of the lowest in the world. In Hong Kong, they even have 1 brokerage refunding the money for all the investors affected by the downfall of Lehman. In Singapore?? The only response was "Please read carefully before signing anything". There will most likely be a off-budget stimuls, and it will come several times. Looks like the reserves finally came in handy.

The only hope I see for Singapore, and Asia, is that somehow Asia could band together and initiate a joint stimulus, while at the same time opening up the trade borders with each other to excite the flow of goods and services. This may provide some demand stimulation that will circulate within Asia itself, and hopefully generate some sustainable demand internally, instead of always relying on U.S.A and U.K. We should no longer rely on demand from U.S.A and U.K.

A dream?

Summary of Singapore Budget 2009

To summarize Singapore's Budget 2009:

Businesses

1. Jobs Credit
   Employers will receive a 12% cash grant on the first $2,500 of each month’s wages for each employee on their CPF payroll.
   
   The Jobs Credit is for one year, and employers will receive the Jobs Credit in four payments: March, June, September and December 2009.
   
   
2. SPUR
   Course fee subsidies for PMET-level courses that are eligible for SPUR will be increased from 80% to 90%, the same subsidy level as rank-and-file level courses. This includes all Specialist and Advanced Diplomas offered by the polytechnics.
   
   Selected tertiary courses at UniSIM and the three publicly funded universities will be included under SPUR
   
   
3. Workfare Income Supplement (WIS)
   The Government will give low-income workers a temporary WIS Special Payment to supplement their pay and encourage them to stay employed. The WIS Special Payment will provide low-income workers with an additional 50% of the WIS payments that they will receive over the course of this year.
   
   The Government will also relax the work eligibility criteria of the WIS Special Payment, in order to enable more low-wage workers, particularly those with less regular employment, to benefit.
   
   
4. Government Hiring
   18,000 public sector jobs (including Government-supported jobs outside of the Government in areas such as childcare, tertiary education, and restructured hospitals) are expected to be available over the next two years.
   
   
5. Special Risk-Sharing Initiative
   The New Bridging Loan Programme (BLP)
   Loan Insurance Scheme - Plus (LIS+)
   Trade Credit Insurance Programme (TCIP)
   
   
6. Enhancement to existing credit measures
   For loans made under Local Enterprise Finance Scheme, the Government will increase its risk-share for loans made to local non-SMEs, from 50% to 80%. This will be similar to the Government risk-share for LEFS loans made to SMEs.
   
   For loans made under the Micro Loan Programme, the Government will increase its risk-share, from 80% to 90%.
   
   The Government will increase the maximum loan quantum for the Internationalisation Finance Scheme per borrower group, from $15 million to $50 million.
   
   
7. Other credit related measures
   To encourage banks to continue making adequate loan impairment provisions and bolster their financial strength to underpin continued lending in the downturn, the Government will extend the tax deduction on loss provisions made pursuant to MAS Notice 612, as well as other equivalent MAS notices for finance companies and merchant banks, for a further three Years of Assessment.
   
   
8. Property Tax Rebate
   The Government will provide a 40% property tax rebate for industrial and commercial properties for 2009. The Government strongly urges landlords to pass on the benefits of this rebate to their tenants.
   
   
9. Rental Rebates
   JTC, HDB, and SLA will provide a 15% rental rebate to their tenants and land lessees, exceeding the savings due to the property tax rebate. JTC, HDB, and SLA will be releasing the details of these concessions separately on 22 January 2009. The rental rebate will also be extended to stallholders who are paying market rents in markets and food centres managed by NEA.
   
   
10. Enhancements to Loss Carry-back scheme
    The loss carry-back relief system will be enhanced for Years of Assessment 2009 and 2010. The cap on losses that can be claimed against past taxable income is increased to $200,000 from $100,000. Businesses will also be allowed to claim losses against the taxable income of their preceding three Years of Assessment, instead of just the immediate preceding year as under the current scheme.
    
    
11. Tax exemption on Remittance of Foreign-Sourced Income
    The Government will temporarily expand the scope of the Foreign-Sourced Income Exemption scheme to cover all foreign-sourced income, and not just foreign-sourced dividends, branch profits and service income. The Government will also temporarily lift the conditions that are currently required for foreign-sourced income to be exempted from tax when remitted to Singapore. With these temporary enhancements, businesses will be exempt from tax on the foreign-sourced income that they remit between 22 Jan 2009 to 21 January 2010 (both dates inclusive), provided that the remitted income is earned on or before 21 January 2009.
    
    
12. Transport Rebates and Concessions
    A 30% road tax rebate for goods vehicles, buses and taxis for one year. This rebate will take effect on 1 July 2009.
    
    A 20% concession in port dues to be granted to all harbour craft (except pleasure craft for personal use) which will help local companies engaged in commercial activities within Singapore’s port waters. This concession will be for one year and will take effect on 1 April 2009.
    
    An increase in aircraft landing fee rebate from 15% to 25% for 2009.
    
    Extension of the special tax exemption for Compressed Natural Gas (CNG) vehicles until December 2011. From 2012 onwards, the CNG special tax will be removed and replaced with a CNG duty of $0.20 per kilogramme of CNG.
    
    
13. Government Fee Freeze
    The Government will extend the freeze on Government Fees and Charges to December 2009. This will include fees charged on all Government provided services, charges in public carparks, and all license fees. (Regulatory charges, such as those in the transport sector and the development charges applied in the property market, will not be frozen. The Government fee freeze is not applied to fees charged by non-government entities, such as the universities, restructured hospitals and town councils.)
    
    
14. Measures for Property Developers
    Defer property tax for commercial developers for land approved for development for up to two years. Land approved for development refers to land with a valid Provisional or Written Permission granted by the URA. The property tax deferral will take effect from 22 January 2009 or the date of Provisional or Written Permission, whichever is later. The deferral will lapse on 21 January 2011, or at Temporary Occupation Permit (TOP), or date of transfer of the land, whichever is the earliest.
    
    Allow a one-year extension of the project completion period for private residential projects. This would give flexibility to developers to phase out their projects in the current uncertain market conditions.
    
    Allow re-assignment of Government Land Sales (GLS) sites and private land owned by foreign housing developers for applications made by 22 January 2010.
    
    Extend the period for developers to dispose of all residential units from two years to four years. Developers may also rent out unsold residential units for a maximum of four years to mitigate holding costs.
    
    
15. Deferment of Increase in Assessment Rate for Hotels
    The Government will defer the increase in assessment rate for hotel rooms, which was due to increase to 25% on 1 January 2009, by one year.
    
    
16. Corporate Income Tax (CIT) Rate Cut
    The Government will reduce the CIT rate from 18% to 17%. This reduction will take effect from the Year of Assessment 2010.
    
    
17. Accelerated Capital Allowance (CA)
    The Government will allow plant and machinery acquired during the financial years ended 2009 and 2010 to qualify for an accelerated write-down. This temporarily accelerated write-down will allow businesses to write down the costs of these newly acquired plants and machinery within two years with 75% of the write-down taking place in the first year of CA claim alone.
    
    
18. Writing Down of Renovation and Refurbishment Expenses
    The Government will introduce a tax framework for qualifying corporate amalgamations. This framework will alleviate the tax cost associated with corporate amalgamations. A public consultation will be held in February 2009 to seek views on this new tax framework for qualifying corporate amalgamations.
    
    
19. Enhancements to and Streamlining of Fund Management Incentives
    Currently, there are conditions such as the fund cannot be 100% beneficially owned by resident investors and there are limits placed on the holdings by resident corporate investors in these funds. The Government will now remove all these limits on qualifying funds so that they can accept investments freely from resident corporates, in addition to resident individuals.
    
    This enhancement of the fund management incentives will also apply to qualifying funds that are constituted in the form of Limited Partnerships. A qualifying fund is one which, amongst other conditions, has at least $50 million under management at the point of application for the tax incentive. Fund managers may apply for the scheme with effect from 1 April 2009. Both the existing and enhanced fund management incentives will also be subject to review after five years. MAS will release the details by April 2009.
    
    
20. Recovery of GST for Qualifying Local Funds
    The Government will allow qualifying funds that are managed by a prescribed fund manager in Singapore to recover a substantial portion of the GST incurred on prescribed expenses. This change will be in place from 22 January 2009 to 31 March 2014 (both dates inclusive). MAS will release the details by April 2009.
    
    
21. Expansion of Scope of Tax Exemption under Fund Management and Trust Incentives
    The enhancements will take effect from 22 January 2009. MAS will release the details by April 2009.
    
    
22. Enhancements to Headquarter Services (FSI-HQ) Scheme
    The Government will enhance the FSI-HQ scheme by granting withholding tax exemption on interest payable on qualifying loans taken by an FSI-HQ company. The Government will also subsume the current tax incentive scheme for provision of these processing services under the FSI-HQ scheme, thus allowing FSI-HQs to enjoy incentivised income from their provision of high value-added processing services. These enhancements will be effective from 22 January 2009 to 31 December 2013 (both dates inclusive). MAS will release the details by April 2009.
    
    
23. Extension and Enhancement of Commodity Derivatives Traders (CDT) scheme
    The Government will extend the CDT scheme (which is due to expire on 26 February 2009) and subsume it under a new Derivatives Market (Commodity Derivatives Trader) award under the Financial Sector Incentive scheme. The Government will also lift existing counterparty restrictions for trades carried out on exchanges under this scheme. These changes will be effective from 27 February 2009 to 31 December 2013 (both dates inclusive). MAS will release the details by April 2009.
    
    
24. Zero-Rating for the Aerospace Industry
    The Government will expand the scope of qualifying aircraft to include all aircraft, including private aircraft, which is wholly used or intended to be wholly used for international transportation of goods and passengers. This is in line with the zero-rating of international transportation.
    

    To ease GST compliance costs for the MRO industry, zero-rating is also extended to cover the sale, maintenance or repair services of aircraft components or systems, as long as they form part of a qualifying aircraft. A new scheme will be introduced to facilitate the import of aircraft components or systems for qualifying aircraft without GST.

    These changes will take effect from 1 April 2009. IRAS will release the details by March 2009.

25. Suspension of GST and Duty on Goods Temporarily Removed from Zero-GST or Licensed Warehouses
    The Government will, with effect from 1 April 2009, suspend GST and duty on goods (including wine) that are temporarily removed from a zero-GST or Licensed warehouse for auctions or exhibitions, even if the goods are sold during the auction or exhibition, provided that the goods are returned to the warehouses subsequently. Singapore Customs will release the details by March 2009.
    
    
26. Exemption of Duty to Facilitate Wine Trading Activities
    The Government will exempt duty and provide GST relief for a specified quantity of wine for use at approved wine exhibitions and conference events with effect from 1 April 2009. Singapore Customs will release the details by March 2009.
    
    
27. Withholding Tax Exemption for Maritime Industry
    The Government will extend the withholding tax exemption on interest payable on qualifying loans taken by shipping enterprises to acquire vessels which are registered with the Singapore Registry of Ships under the Block Transfer Scheme, subject to conditions. This extension will be for a further period of five years with effect from 1 January 2009.
    
    
28. Accelerated Writing-Down Allowance (WDA) for acquisition of Intellectual Property (IP) rights for Media and Digital Entertainment (MDE) content
    The Government will enhance the current WDA incentive to allow MDE businesses to write down the costs of their qualifying IP rights for MDE content in two years, instead of five years. This accelerated write- down will apply for qualifying IP for MDE content acquired between 22 January 2009 and 31 October 2013 (both dates inclusive).
    
    
29. Test-Bedding Fund
    The Government will put $200 million in a Test-Bedding Fund to make Singapore a “living lab” for companies and entrepreneurs to nurture new ideas, test innovative solutions and develop future global businesses. The fund will be managed by the Economic Development Board (EDB).
    
    
30. Taking the Lead in Innovation
    In 2008, the Government set up the Core Innovation Fund to help private companies collaborate directly with government agencies to develop innovative solutions for public services. We will set aside $180 million in the fund over the next two years. In addition, the Government will be more proactive in seeking collaboration with the private sector, through the use of Calls-for-Collaboration (CFC). This will bring clusters of companies together to develop solutions for government agencies, businesses and the public.
    

Households

1. Goods and Services Tax (GST) Credits and Senior Citizens’ Bonus
   The Government will double the GST Credits and Senior Citizens’ Bonus that citizens will receive in 2009. This additional tranche will be paid on 1 March 2009
   
   
   
   
2. Service and Conservancy Charges (S&CC) Rebates
   The Government will provide an additional one month of S&CC Rebates to those living in a one-room to three-room HDB flats, who will therefore receive a total of three to 4.5 months for this year. Those in four-room HDB to Executive apartments will receive an additional half-month, or a total of one to two months of rebates. The additional S&CC rebate will be paid in April 2009.
   
   
   
3. Rental Rebates
   The Government will provide an additional month of rental rebates in 2009, to eligible households in public rental flats. The additional rebate, to be paid in March and December 2009, will supplement the existing rental rebates these low-income families are already receiving as part of the 2007 GST Offset Package.
   
   
   
4. Personal Income Tax Rebate
   The Government will give a personal income tax rebate of 20% (capped at $2,000) for tax-residents for Year of Assessment 2009. This will provide an immediate reduction in the tax payable for these individuals for last year’s income.
   
   
5. Instalment Option for Personal Income Tax Payment
   The Government is allowing individual tax-residents who have lost their jobs in 2008 or lose their jobs in 2009 to pay their personal income taxes for year of assessment 2009 in monthly instalments of up to 24 months, up from the current 12 months allowed. Affected taxpayers can apply to IRAS for this extended instalment assistance.
   
   
6. Property Tax Rebate
   The Government is providing a 40% property tax rebate for owner-occupied residential properties for 2009.
   
   
7. Removal of Tax on Net Annual Value of Property
   The Government will remove this income tax on Net Annual Value of residential property with effect from Year of Assessment 2010.
   
   
8. Increase in Additional CPF Housing Grant
   The maximum AHG quantum will be increased from $30,000 to $40,000. At the same time, the household income ceiling will be increased from $4,000 to $5,000.
   
   
9. Other measures
   Utilities-Save (U-Save) Rebates: Eligible households will receive U-Save rebates of $70 to $210 in 2009.
   
   
   Post-Secondary Education Account (PSEA) top-up: Young Singaporeans aged 7 to 20 will receive a top-up of $100 to $400 to their Post-Secondary Education Accounts (PSEA) in 2009.
   
   
   
10. Public Transport Fund (PTF) Top-up
    The Government will top-up the Public Transport Fund to $10 million to provide public transport vouchers for all low-income households who need help.
    
    
11. Financial Assistance Schemes for Education
    The Ministry of Education (MOE) will enhance the financial assistance schemes for students in our schools, and introduce a Short-Term Study Assistance Scheme (SSAS) for students in our ITEs, polytechnics and autonomous universities.
    
    
12. Public Assistance Rate
    The Government will increase the Public Assistance Rate for single-person households by $30 per month to $360
    
    
13. Singapore Allowance
    For government pensioners, the Government has decided to increase the Singapore Allowance by $20 per month to $240.
    
    
14. Citizens’ Consultative Committees (CCCs) ComCare Fund and Self-Help Groups (SHGs)
    The Government is increasing funding to the CCC ComCare Fund to $7 million a year, for the next two years. It will also increase funding to SHGs to $9 million a year, for the next two years.
    
    
15. Increased Tax Deduction and Additional Grant for Government Funded Voluntary Welfare Organisations (VWOs)
    The Government will increase the tax deduction for donations made in 2009 to Institutions of Public Character (IPCs) and other approved institutions from 200% to 250%.

    To support government-funded voluntary welfare organisations (VWOs), the Government will provide an additional $15 million in funding to them for one year (2009).
    
    

16. Extending business measures to VWOs
    The Government is extending the Jobs Credit provided to companies to all VWOs.
    
    
17. Extending Start-up Exemption to Companies Limited by Guarantee (CLGs)
    The Government is extending the start-up tax exemption to Companies Limited by Guarantee. Under this exemption, qualifying start-ups can enjoy full tax exemption on their first $100,000 of chargeable income and 50% exemption for the next $200,000, for their first three Years of Assessment. This extension will take effect from Year of Assessment 2010.
    
    

Others

1. Expanding and Accelerating Public Sector Infrastructure Spending
   The Government will increase public sector construction spending to between $18 billion and $20 billion in 2009. This is significantly higher than the $15 billion contracted in 2008 and $6 billion in 2007.
   
   
2. Developing Suburban Nodes and Rejuvenating Neighbourhoods
   Investing in new regional commercial nodes such as Jurong Lake District, the new Kallang Riverside and Paya Lebar Central;
   
   Rejuvenating our public housing neighbourhoods, including enlivening the public spaces within our estates and pushing ahead with ABC Waters Programme;
   
   Linking together all parts of the island through a comprehensive road network and developing viable mass transit alternatives by expanding our rail networks;
   
   Spending more on basic amenities such as our drainage and sewerage network.
   
   
3. Pushing Ahead on Sustainable Development
   In total, the Government plans to spend $1 billion over the next five years on sustainable development initiatives. The funds will support programmes such as energy efficiency for industry and households, green transport, clean energy and the greening of our living spaces.
   
   
4. Enhancing School Education
   Providing better facilities for an all-round education in every school, and accelerating some projects like the roll-out of indoor sports halls;
   
   Enhancing both the size and quality of the teaching force; and
   
   Bringing in allied educators into our schools to collaborate with teachers in providing better attention for every child.
   
   
5. Expanding healthcare capacity
   Investing $4 billion over the next five years in healthcare infrastructure which will include the redevelopment of older hospitals, medical centres and a new hospital in the west, as well as seeing through existing projects like the Khoo Teck Puat Hospital in the north;
   
   Building new community hospitals and boosting capabilities in treating chronic diseases (e.g. stroke, heart and kidney failure) and other age-related conditions (e.g. dementia);
   
   Enhancing capabilities for long-term care (including rehabilitation, home care and palliative services after patients have been discharged from hospitals); and
   
   Developing an electronic health records system that will be accessible by authorised medical practitioners at hospitals and polyclinics, and eventually extending to the community care sector.
   

1.2% Singapore GDP growth for 2008

As indicated in my previous post here, the numbers were really bad for December and Singapore 2008 GDP growth has been revised down from 1.5% to 1.2%. I have seen nothing currently that will bring any cheer to this month's figure. If anything, it will be worst. All developed countries will be in recession and developing countries will be struggling.

When I first saw the estimate of -1% to 2%, I really wanted to laugh out loud. Then they revise again to -2% to 1%. And now -5% to -2%. My advice... Stop estimating. The trend of using history to measure growth does not work in such a scenario. I did not even both to contradict their estimates. I just laughed...

Judging from the way the market is going, no one is holding out any high hopes for the budget day tomorrow. I reserved my judgement until I hear the details, but I foresee tomorrow is another gloomy day. The high expectations of this budget might be a little... too high, if we judge our government using past history as a guideline.

Inflation is up 4.3%

These are the Singapore inflation rates for 2008:
January: 6.6%
February: 6.5%
March: 6.7%
April: 7.5%
May: 7.5%
June: 7.5%
July: 6.5%
August: 6.4%
September: 6.7%
October: 6.4%
November: 5.5%
December: 4.3%

Food and Housing is leading the charge, rising by 6.5% and 14.4% respectively year on year. The inflation rate is still moderating downwards, and more so since most of the year-end sales have been extended to an indefinite timing.

The average inflation for 2008 is 6.5%, a shade lower than my earlier estimate of 6.6% here. It just goes to show again how rapidly the world changed over the past year. I would have never expected oil to reach USD 33 per barrel, but it did recently.

As indicated in my other post, downward pressure will be there for all the groups, and it'll be of no surprise to me if we experience deflation for the year 2009. That would be welcome for all the mid to lower income groups. I would think we will experience deflation for at least 6 months due to the high base last year.

However, with all these talk about deflation, I still find that I'm spending a lot of money on necessities and transport. Especially transport.

Leaving my comfort zone

I am finally leaving my comfort zone once again. It's a big irony that I am always looking for jobs when the economy is at it's worst. It happened back in 2003, and now in 2009. And to be fair to my current bosses, I have given notice even before I've began to look for a new job.

I've been working for over 5 years with my current employer. Such a decision was difficult for me to make, but as I grow older, my priorities change. I not only need to take into account my own difficulties, but those around me too. It has come to a time where I need to move on, and to also try other things. Believe it or not. It took me a great deal of courage to go at this time. However, circumstances have forced my hand. It's much easier for me to stay at my current job, than to leave right now. The standard reply I had to whoever I've talked to is that it was a knee jerk reaction. Well, it's not. I've thought long and hard about it.

Life was never too kind (or too bad) to me. In all that I have achieved, I've always need to work very hard for it. Although my bosses have been trying to change my mind the past few days, I have already made up my mind. It's time for me to leave my comfort zone.

It has been a long time since I've written a resume, and it is also difficult to remember all the many different types of projects that I've did over the past few years. Guess I have to start somewhere.

It's an irony that I'm leaving when no one has even offered me, but I've refused to leave when I had offers that were practically in my face. Anyway, now I can finally begin to look around for something else that I wish to try. Believe it or not, I'm still quite busy even though I've given notice. Oh well...