Singapore

Here are the stories around the web that Singaporeans are buzzing about including government plans to address some long-standing issues.

The usual S$300 room charge may dip to S$250.

Perform account enquiries, bill payments, and online funds transfers while on-the-go.

Year-to-date, industrial output was up only 1.9% yoy from 7.8% last year.

Chinese and European customers will be slashing demand, predicts Maybank Kim Eng.

A recent survey conducted by the National University of Singapore (NUS) Entrepreneurship Centre shows that the majority of students in Singapore’s various universities and polytechnic institutions are interested in starting up their own business.

7 in 10 believe they are underpaid compared to peers.

The Grand Prix rolls into town next month and among the clouds of smoke will be one of uncertainty over the sport’s future presence in the city.

In Singapore and many Asian countries, families and businesses take pride in 'Having Face' or 'Reputation'

Singaporeans have been crying foul over employers favouring foreigners, which account for one-third of the country’s workforce today. The effect of the recent influx of foreigners (increasingly crowded public transportation systems, rising housing prices, etc) has also caused some discomfort to the local populace.

Blame it on electronics cluster hitting the largest drop of 5.8%.

It is a perpetual cycle – you pay more, to get better training quality (?), with a tag attached. Professionals around the world carry a name, a prestige, and not easy to book their time. We hear them at breakfast meetings which is hardly one hour talk for hefty fees. I remember we used to invite such ‘’scholars’’ not much for training; but for networking. They can bring you useful contacts. I once attended a Talk by a renowned professor. He invited us on his yacht. There were 15 of us. The talk was hardly 20 minutes. You mingle with the participants – CEO, Business owners, Academics, etc. It is up to you to know them and explore the opportunity to benefit from knowing them. Yes, I remember. We also attended a ‘’retreat’’. You go out of the office environment for two to four days. I went to Sentosa Island (Singapore). You are locked in one large function room of a hotel. There is of course, good concentration to what the professor says. And, being in-house program, you do not have to worry much for networking. Though I was surprised not to have known well few from my own enterprise. Then, there are Assessment programs – usually named differently. They call it EQ or AQ, claiming that senior managers must have resilient powers. Again, outstation and locked in a room for the first session of the day. You are given few pages of questionnaire. Once attended, there is a break of one hour. You get refreshed with tea/coffee and snacks. They use the time for assessing the participants. The bell rings and you gather back in the room. It’s like examination result! They tell you who you are (you did not know yourself till that time!). The best part comes when percentages are played. Majority of the class lack in particular skills. To survive in the business world, you have to prepare them – they are your senior managers. So? Engage them for a training program of one or two weeks. In my early days, I have attended two or three days training, mostly in a public program in a city hotel. We were serious in learning then. We bring home valuable one or two techniques to benefit the organization. In the end, if you find the trainer/speaker appropriate to your organization, invite her/him for further training in-house. The purpose is more people from the organization can benefit and you have relevant topics discussed. Who needs training? Is there a need? If sales are not improving, send sales personnel for sales training. Is it the person or, the product weakness? Coaching for example, was considered as weakness of individual. Coaching was provided for improving the weakness. Today, providing coaching or a personal coach is a reputation – she/he is deemed for promotion and is being groomed for higher position. At home front, engaging a Fitness coach is now a fashion. We have a personal coach! At my Gym, I notice many coaches are busy telling stories or discussing current events, asking personal details (what time you go to sleep, where did you go this weekend). There are some who are really organized. They have written program for every session. Same is the case with education. If your child takes tuition in my early days, she/he is ashamed for being weak in studies. Now, it is a prestige to join popular Tuition class. I remember early days, there were teachers conducting classes with Video instructions to cope with the demand. Nowadays, they make use of technology and have interactive videos. A teacher sitting in another town conducts video classes. They will physically see the students, may be once or twice in a month. Universities have adopted the same style – a foreign university professor visits once a month, for question-answers. It used to be ‘’what’s good for participants’’. Now, changed to ‘’what’s in it for me’’. Training industry is not yet regulated! I was using the “Slide rule” in my college days. Now, all is computerized. You have to take tuition for mental calculations. In early days, entrepreneurs will not allow their children to use calculators. The use of Abacus is almost in a bygone era. I conduct training for employees to teach them numbers – how to calculate without using calculator, how to do mental arithmetic. The course includes from simple arithmetic to probability. The Government authorities are concerned in Singapore for their citizens to remain employable. MNC make extensive use for local staff. This is popular with Retail and Fast food chain, as well. I am not against Training by experts and use of technology. My only point is not to forget the fundamentals. Do not throw away the baby with the soap water! 

Singapore has the second lowest birth rate in the developed world. (The lowest is held by our perennial city rival, Hong Kong.) And in a rare note of agreement with the nation’s youth, former Prime Minister Lee Kuan Yew has warned that our demographic decline – perhaps more so than the potential rise of new regional trading powerhouses – will cause Singapore to “fold up”.

He will replace Mr. Chua Kim Yeow, who has retired at the age of 86.

She holds a Master of Laws and a Bachelor of Laws (Hons) from the University of Singapore.

Its creditworthiness is threatened, warns Moody's.