Wednesday, December 8, 2010

Now they suddenly realised there are shady real estate agents in Singapore!

"Since this is the first time we are regulating in a formal way, I would expect a lot of pent-up demand for such an avenue for them to vent their complaints ... I would expect this to taper off over time."

- National Development Minister Mah Bow Tan, who was not surprised by the deluge of complaints on real estate agents. Within five weeks of operations, the nCouncil for Estate Agencies (CEA) launched to regulate the real estate industry has already received about 150 complaints.

The question then is, what took them so long to set up the regulator?

Friday, December 3, 2010

Nevermind the rest of the world, we'll still get 2.5 months of bonus for doing nothing!

Labour Chief Lim Swee Say said he would not be pushing for every company to match the two—and—a—half months year—end bonus for civil servants. He explained performances across different industries would be different.

Well, of course. Just listen to what Lim Der Shing, CEO of JobsCentral.com.sg was saying.

"There are still many economic trouble-spots around the world and there's always a danger of pullback for Singapore. Even in Singapore, not all sectors have rebounded evenly, and I suspect some SMEs and industries may have difficulty giving good bonuses even this year."

And apparently it must have sounded perfectly logical and seemed totally fair for these buggers to receive 2.5 months of bonus for doing nothing. Oh wait. I must apologise for not being fair there. To be fair, we should pay them for the effort in screwing up YOG and keeping the flood water in Orchard.