Sunday 11 December 2011

Where The Wild Things Aren't

Months after the public were first asked to give suggestions on what to do with the KTM railway land, it has been reported that URA, the government agency tasked with the responsibility of its potential future use, is still asking for suggestions, this time with a twist: There is now a competition with prizes for the 'best' ideas.

This is all misdirection. While I would like to believe that the government is sincerely looking for public contribution, in all likelyhood, the fate of the KTM land has already been decided. Come 2013, a suitably sombre faced Mr Tan Chuan-Jin would call a press conference and announce that due to the demand for housing, all calls for a green corridor and nature areas will have to be subordinated in favour of greater 'national' priorities.

The amazing thing is that at the point of announcement, the URA will have all plans for development of the KTM lands already finalised. You would think that with calls for suggestions supposedly open UNTIL 2013, they would need time to SERIOUSLY consider all alternatives before doing so. The truth of the matter is, the land is already being divided into plots NOW by the URA. All that is left to do is to release it for tendering by property developers. After all the next general election is in 2016, exactly 3 years from 2013 and is the time needed for flats to be balloted and built.

And so, what could have been a precious resource and legacy for future Singaporeans will be sacrificed on the altar of political gains and expediency. So much for all the claims about not being populist. Back in October, it was reported that the authorities had given the go-ahead for Queenstown to convert a part of the KTM railway land into playgrounds and fitness parks because existing facilities
are being demolished to make way for carparks.

KTM land is a resource for ALL Singaporeans and this decision to allow Queenstown residents to jump queue so to speak, on a matter still open for discussion is a violation of our collective rights. Is there any doubt that the authorities are trying to curry favour by appearing super responsive to Queenstown residents? Doubtless also, MP Chia Shi-Lu will be pencilling this into his diary to bring up for mention during hustings for the next election.

And so, Singaporeans are being treated yet again to a 'wayang' show where they are seemingly being asked for input on what type of cake they want when the cake they will be getting anyway is already baking in the oven. And apparently for our benefit!

Remember the tembusu tree in the Botanic Gardens with the low lying branch that appears on the back of the $5 dollar note? And a subject in many Singaporeans photo snaps? That branch would never have stood a chance if it grew up today. It would have been pruned for 'safety'. And this is where the KTM land stands today. Its potential lies in the future provided it is given a chance to survive, but already the buzzsaws are being revved in the background and backrooms of the URA.

Remember also the fiasco of renaming Marina Bay to Marina Bay? At a cost of $400 000 to the taxpayer? In that case, the external agency engaged was professional enough and had balls enough to suggest that the existing name was fine as it is and thank you very much for the money. I mean, they could easily have pulled a random name out of a hat and recommend it, but to their credit, they didn't. And so, it is with the KTM land. Perhaps the best suggestion is to do NOTHING. Just leave it alone. It is fine enough as it is.

PM Lee highlighted during his National Days' speech, a newly minted architect's design to add buzz to the KTM land. Doubtless, we can also expect many suggestions to improve Leonardo Da Vinci's Mona Lisa or Michelangelo's statue of David when students of SOTA or LaSalle-Sia are asked for their input. (Not one will have the brains or guts to say that the masterpieces are fine as they are.)
PM Lee would probably also not find it above himself to suggest that the austere Zen gardens of Japan could be improved with added buzz and maybe a F&B outlet or two. I'm sure the Abbot of Ryoan-ji would be all ears. I leave you to decide on the value of such suggestions.

Monday 28 November 2011

The Book of LKY: Yet to be written

I'm sorry but I have to disagree that MM Lee's latest book is his "most important". To date, maybe. The most important book he can write is yet to be written or at least published. I would actually put his latest effort behind his book on Hard Truths. (Not that I have read them...yet.)

If the current furore over relatively speaking, benign blog posts incidents are to serve as a guide, there is yet a Harder Truths book that need to be written. And MM Lee is the only one with the political capital, gravitas and respect that can write it and SHOULD write it.

He above anyone else should know what and where the fault lines lie in our Society. Fissures that will at some time in the future need to be addressed in the open and no one after him can safely broach such subjects without arousing distracting heated passions, thereby derailing the discussion. Future leaders with lesser credentials (basically anyone after him) would find it useful to be able to quote chapter and verse from such a book to initiate such discussions.

Steve Jobs left a roadmap for Apple to follow after his passing. MM Lee can consider such a book to be that equivalent in guiding Singapore's future SURVIVAL, at least somewhat, if only slightly, futher into the future. To avoid having to deal with the usual controversy likely to accompany such a book, he can instruct that the book will only be published when he has left the scene. It should be a
hard hitting, no punches pulled book, moderated only by justification for his views. That kind of book would be worthy of being labelled his magnum opus.

As for bilingualism, it is the parents job. Children have to grow up in an environment where both mother tongue and English is spoken. Not everyone can afford a language governess like Jim Rogers. In our current context where everything is priced 'affordably', both parents are usually out working to barely make ends meet. When you mother is not around: no mother tongue! Language learning by children is about duration of exposure. No amount of money or teaching material is going to be able to substitute for that. Our children are more likely to grow up comfortable with Tagalog and Indonesian.

Thursday 24 November 2011

MF Gobble. A Tale of Regulatory Failure

Gobble as in client funds in supposedly safe segregated accounts being gobbled up by outright corporate fraud. In all this, MAS, the financial industry regulatory authority in Singapore has kept a very low and quiet profile.

The initially estimated US$600 million of client funds (worldwide) missing has now ballooned out to an estimated US$1.2 billion. We have also discovered that some of their Singaporean clients' funds have been traced to accounts scattered across the world.

How did this happen? What exactly does it mean that client accounts are segregated? How and what measures does MAS take to ensure that regulations are followed? Without effective checks and enforcement, regulations are worth less than the paper they are printed on when clients open up a trading account at MAS approved and therefore deemed reputable and credible financial institutions. Getting MAS approval is (was?) supposed to mean something.

As a result of criminal breach of trust cases by conveyancing lawyers in handling monies related to real estate transactions, safeguards have been put in place to prevent future such abuses. Do we always have to wait for unfortunate incidents like this to happen before regulatory authorities wake up to their duties and responsibilities and actually DO their jobs? Here's a suggestion: Client funds have to be kept in Singapore based banks and NO transactions other than for settlement of client trades are allowed for those accounts. I would have thought that would be a minimum requirement for safeguarding client funds.

This is not like the Lehman bonds case where MAS could duck its responsibilities by saying: Caveat Emptor! This is front and center a case of MAS caught napping on the job. How much trust can Singaporeans (and anyone else) have in financial institutions here in safeguarding their funds?

In the effort to create a financial industry here, I fear the government/MAS has lowered standards to the extent that outright illegal activity can apparently occur with impunity without detection. The MAS of today (or at least their operating charter) seems to have changed from the days when MAS was awake enough to keep the likes of BCCI out of Singapore.

So while clients are locked out from closing their open positions, have no access to their funds, and are likely to lose a significant portion of that, our no doubt highly paid MAS staff can look forward to at least 1.75 months of bonus for a job not done at all!

Here's a fair suggestion: Make MAS management directly and personally liable for losses incurred by the public arising from regulatory failure. Having some skin in the game should keep them alert and hopefully prevent other abuses like regulatory capture as has occured in some other countries.

Meanwhile if Mr Tan Kin Lian has any further presidential ambitions, he should consider taking up the cause of MF Global's clients. It should help to buff up his resume. President Tony Tan who has very close ties to the MAS, I fear will be keeping very quiet (it's outside of his presidential duties you see).

Sunday 20 November 2011

Stepford Citizen

Remember the Stepford wives? That horror movie about docile and submissive wives that agree with and accede to their husbands every wish? It is a HORROR movie and a version of it is in danger of being produced and filmed live right here in Singapore.

The recent brouhaha surrounding the admitedly in poor taste and judgement Facebook posting by Jason Neo can trace its origin back to the prosecution of a blogger's racist comments a few years back. In that incident, an offended online reader was apparently sufficiently moved to make a police report in the middle of the night, paving the way for the government to step in, prosecute the case and make it an example to apparently deter further such incidents.

It is my opinion that the government had a second agenda to its action. By coming out strongly in that instance, it had hoped that it would also send a message to netizens against being too critical of the government in their online postings. The unfortunate unintended consequence of that action is that instead of just damping down racist and insensitive comments, it had lowered the level of tolerance and primed the blogosphere to be offended by every slight or offence. What next? Someone gave me a dirty look. I'm offended. I'm making a police report and calling my MP?

This posting by Jason Neo should not have blown up into an incident that involved the police or indeed Members of Parliament. The reaction is out of all proportion. Normal healthy societies can and do withstand incidents like these on their own. Unfortunately, in this case Jason Neo is a member of the youth wing of the ruling governments' party. Not to take firm action will open it to charges of favouritism in view of the prior case that was prosecuted in court. But to continue to do so would be to further lower the level of intolerance (to incidents that are part and parcel of life) and common sense too, I might add.

Do we want to live in a society where everyone goes about with fixed smiles and false courtesies? Where never a bad word or criticism is uttered except in whispers in private conversation? The dilema the government finds itself in is of its own making. The Arabs have a saying: He who digs a pit for his brother to fall in will himself fall into it. Talk about unintended consequences. It would be interesting to see how the government digs itself out of this hole and defuse the situation.

Stir Crazy

Whether or not mental illness is a scam, it has been recently reported in the press that 1 in 10 Singaporeans will eventually succumb to the disorder in one form or another. I'm assuming that it represents a rising trend or it would not have been reported in the press otherwise.

In the old days when animals in the zoo are kept in small concrete cages with steel bars, the animals also displayed symptoms of mental disorder. You will find tigers or lions pacing up and down the cages non stop or apes like chimpanzees sitting in a corner rocking to and fro.

But guess what? The joke is on us now. Singaporeans (the 99%) who cannot afford to live in landed properties now find themselves confined to living in ever shrinking HDB flats. Apparently quality of life will not be affected according to the CEO of HDB. She who most likely isn't currently living in one of her organisations latest creations but nevertheless finds herself qualified to pronounce on the fitness of purpose for it.

She needs to walk the talk. Sell off whatever private property she is currently living in (at a handsome profit too I'm sure) and buy a flat to live in with her family. Mr Khaw Boon Wan can make an exception for her and put her at the front of the queue, I don't think Singaporeans would mind. She AND her family should stay in that flat for the duration of her tenure as CEO of HDB. Then, she should talk.

The Institue of Mental Health should relook their data and find out the proportion of people who suffer from mental problems living in HDB flats compared to those that do not and see if there is a correlation. It would be an interesting data point whichever way it turns out. Regardless, the rising trend in mental illness correlating with increasingly smaller flat sizes is already a fact.

Mr Khaw really should institute a design review of all current HDB flats and freeze construction of any that have yet to start until such a review is done. Build show flats of various size configurations and invite applicants (eg: newly weds) to rank them. NO prices should be shown as the intention is to find the acceptable size of a unit. I would suggest that the design that unanimously gets a "wow so spacious" be seriously considered as the minimum size to build for future construction. Using focus groups to determine public reactions to products and services is a standard industry practice. If Mr Khaw declines to do so, he needs to ask himself why not? And let us know.

Do you know why ordinarily harmless grasshoppers turn into destructive locusts? Crowded living conditions. When the number of grasshoppers get too cramped for space, they start rubbing against each other and this sets off a metamorphic change. They turn brown and start growing flight capable wings. The change is irreversible. Once airborne, they spread destruction the likes of which are written in the bible.

The Singaporean 'grasshopper' is beginning to get agitated. The buzz of discontent can be heard by all except the intentionally deaf. They are definitely rubbing against each other in the MRT trains! Some might already be testing their wings by jumping out of their windows or taking a one way trip to Bedok reservoir.

The housing problem is not going to resolve itself by simple proclaimation that it is not a problem. or even worse: that it is a good thing. Simply repeating that unsupported assertion by various people will not change that fact. Don't believe me? A LOT of people had been saying that Greece will not default on its debt too. Many times. You can draw your own conclusions from that.

Tuesday 15 November 2011

Gardens By The Pay

The recent uptick in publicity for the Gardens By The Bay is interesting more for what it has assiduously avoided mentioning than for what it has revealed. Right from the beginning, the question of just how much you would have to pay to get in has been left out of public discussion. For a government bent on 'development' at all costs for real reasons still not revealed to the public, it would be optimism bordering on the order of Oliver Twist for it to be otherwise. The Gardens is afterall managed by an organisation headed by a CEO. And as we all know, CEOs need to be paid. Very very well.

Let's be honest here: Gardens by the Bay was conceived to complement the Marina Bay Sands casino. I find it highly unlikely that gamblers would come all the way here to waste time walking around the gardens. No doubt high rollers would receive free entry tickets as a comp benefit. Singaporeans however would be ineligible as it would constitute a subsidy against the $100 entry fee which would be a big no no. After all, RWS's free shuttle service was shot down in no uncertain terms.

The two climate controlled domes for temperate or Mediteranean plants is a mistake. Just who is the target audience? Rich Singaporeans (rich anyone else for that matter) can and would fly to those countries to see the real thing. So, basically only those poor Singaporeans who cannot afford to go overseas for holidays will queue up in droves to pay the entrance fees to subsidize the running of these climate controlled systems. Excellent business plan! Good luck with that.

A better idea would have been to recreate a tropical rain forest which is more in tune with our climate. With both our neighbours to the north and south bent on burning up theirs, we could stock our garden specimens probably for free! What's more, most people (including high rollers) vwould likely never have ventured into a rain forest thereby making it a more attractive destination. With a much lower operating cost too.

So what happens when the Gardens by the Bay can't pay its way? (Hint: Like the durian by the Esplanade). One way or another everyone will be paying for it via taxes they pay. Odds for GST hitting 10%? Better than even. (Well, maybe 8%, just so the powers that be can say that my prediction is wrong :) )

Sunday 13 November 2011

Prison Island Singapore

Not just because as some say we are a police state, but because we are destroying our living environment. As long time residents will know just by looking out of their windows, their view has become progressively restricted. Where once you could see the horizon, now all you can see is a row of apartment blocks. How different is this from an inmate in a prison where all you can see is either the next cell block or the prison walls?

The rising demand for pubic housing has seen recent HDB apartments built higher (think 40 to 50 story flats) and closer together. This picture of flats packed like dominoes is an example. Just what kind of view can someone staying in the middle blocks expect to see? Even those in the periphery will have their view blocked when the land next to them gets developed. What you see here is the construction of highrise slums.

A recent segment on the news showing Singaporeans viewing new HDB showflats drew comments on the smallness of the units. This was followed a few days later in the papers where the HDB CEO commented that while flats have become smaller, the space per occupant has actually increased and that quality of living need not be affected. If that is the case, then prison inmates must be living in the lap of luxury in their cells! This is what I call adding insult to injury. Not only are you forced to eat shit (buy smaller flats), but you are told that it is actually good for you.

It is ironic that in a country that pioneered or at least adopted the open concept zoo to encourage animals to breed, the orangutan Ah Meng likely lived in more spacious quarters than most Singaporeans today. Where even battery chickens have minimum space requirements specified by law, our housing minister, Mr Khaw Boon Wan prefers to let market forces decide the same for humans. And the market's profit motivated forces will soon dictate units that will shrink from shoebox to matchbox and finally to coffinbox size. All very good if you are a shoe, a match or otherwise dead.

Let us be honest here. Any living environment in which the occupants have to move sideways when two of them pass each other is too cramped. The size of the living and bedrooms in new flats are so small that by the time the minimal furniture is installed, the occupants have to tiptoe sideways around them. How could this possibly be described as high quality of life? These design defects cannot be rectified in some future upgrading exercise. Adding on an extra room does not increase the size of the original small rooms. The only way to rectify this would be to demolish and rebuild bigger. Does the Minister and HDB see their future selves (not the incumbents of course, they would have long since retired) having the will and fortitude to do this in the future? Who's going to bear the costs? Better to build it right the first time around than to rebuild.

I do not think that building bigger units for HDB flats will add significantly to the cost. The real reason for not doing so is because HDB has pegged its pricing to the price of private property. Unfortunately, private property developers look at HDB prices to set their prices. This circular price referencing has only one inevitable outcome: Prices spiraling upwards. With higher prices, it is not
possible for HDB to price their flats 'affordably' if the unit area of the flat is too big. And so HDB has resorted to the standard supermarket trick of maintaining prices while reducing the size of the flats to give the illusion of affordability.

It has become a political imperative to quickly resolve the housing issue. This has translated to building more rather than better. All this does at best is to relieve the short term pent up demand for a longer term need. But by designing them to be barely liveable, all it is doing is storing up future resentment. Mr Khaw can do us (and the future housing minister) all a favour by freezing current building plans pending a design review where inputs from people who will be paying for and ACTUALLY staying in those buildings are taken into consideration.

Don't hold your breath for rational action though. The powers that be who are in charge currently have a very short term perspective (basically the next general election in 2016). Better to reap short term populist (despite all protestations to the contrary) gains. In the longer term, it's not their problem. They will have already retired by then. YOU however will still be paying off your 30 year mortgage for a house in which you have to move sideways like a crab, assuming you haven't lost your job to a foreigner in the meantime.

Tuesday 4 October 2011

Carnage. What would Dr Goh Keng Swee do?

The solution to road congestion in Singapore (indeed, anywhere in the world) is simple. Decide on a maximum number of vehicles allowed which will result in smooth flowing traffic and NEVER raise it once that number of vehicles is reached. Any new vehicles thereafter will only be on the basis of a one-for-one replacement ie: one old vehicle taken off the road for one new vehicle on the road.

All it takes to make this work is to DISALLOW private individual ownership of cars. If we are to model road traffic with our blood circulatory system, the rationale for this becomes abundantly clear and sensible. We don't have blood that is specific for the heart, specific for the liver or specific for the brain etc... All our organs share the SAME pool of blood. Any other model would make our circulatory system so complex and inefficient that we would not be able to exist.

The common pool of cars will be available to anyone to use provided they have a valid drivers licence. In essence, this will be a shared car scheme extended to all vehicles nationwide. It has to be so, for the scheme to be workable (a bit like GST being implemented across the board). Current shared car schemes are too small in scope eg: you have to book or reserve your use beforehand and this is a big negative since the main attraction of car ownership is the freedom to use it as and when you like.

The cost of using cars in such a scheme should be less than what you would be charged if you took a taxi for the trip. The drivers licence could also function as an ez-link type card (to be inserted into the in-vehicle unit or the car won't start). The freedom that comes from being able to hop into any available car anywhere and driving it to your destination and then leaving it (when it will then become available for anyone else to use) will far outweigh the hassle of ownership of your own vehicle. As a side effect, it will also remove cars from functioning as a social status symbol, removing yet another irritant and levelling out the social playing field.

On the revenue side, the government need not fret. Instead of individuals bidding for the COE, it will be companies operating these fleets of sharable cars that will be bidding for them. If they want to increase their market share of the business, they will bid for more COEs. ERP charges will still be in play to reduce traffic congestion from specific areas and these will be paid for by the drivers. There will however, no longer be any parking charges. Implementation of this scheme can be phased in over a period of 10 years, time to allow for current privately owned COEs to expire.

Would this scheme be popular? Obviously not. Would Dr Goh Keng Swee have implemented it? I think he would. As the man who made the 'wildly popular' NS scheme a conerstone of our nation building, this should be a cinch :)
Would Transport Miniser Lui Tuck Yew (or for that matter, any of the current cabinet ministers) even consider putting such a scheme on the table? I'm not so sure. And that is a problem. We just don't have any visionary leaders now or at least, we're are waiting with bated breath for one to appear...

To decisively solve this transportation conundrum, we need to divorce ourselves from the 'romance' of owning our cars and boil it down to its essential purpose: a car is just an utility that merely provides a convenient means of transport. One that we can STILL enjoy without ownership. We just need a leader courageous enough to step up to the plate and make it so.

Saturday 17 September 2011

The Leaning Lamp Post of Singapore

Tower of Pisa it is not. This newly installed street lamp post has been leaning precariously for at least the past week when I first noticed it. I am highlighting this because it is an issue that has been bugging me for a while.

A while back, a car was crushed by a falling tree during a storm and the driver unfortunately lost his life. The authorities then embarked on a tree trimming rampage. I do not know if this was done with the intention of appearing pro-active given that the general elections was then not far off.

Since then, it is a common sight to see road crews going around trimming trees to such an extent that they are shorn almost bald. Sidewalks that used to be shaded from the sun are now exposed to the full glare of the sun. Roads which used to be green cool tunnels with tree branches arcing over from both sides of the road and meeting in the middle are now transformed into hot tarmac shimmering in the heat.

But if you will remember, a few years back, a schoolboy was killed by a falling lamp post. However, I didn't notice the authorities embarking on a lamp post checking frenzy :) In fact, for the entirety of my life when travelling along our roads, I've never had the privilege of EVER seeing a crew inspecting a lamp post. So, why the difference in reaction between an accident caused by a tree (an act of nature) and the one caused by a man made object (man's fault by poor maintenance)? Anyone?

Given that the probability of someone being killed by a falling tree or branch (one in ten years?) is far more unlikely than someone striking the lottery (usually at least one person a week) I would suggest that the authorities instead award the family of the unfortunate victim of a tree accident a million dollars, sponsored by Singapore Pools instead of going around vandalising our trees. The million dollars would serve to meet the family's financial needs a lot more than some grand gesture (or publicity stunt) of going around trimming trees which may or may not be posing a clear and present danger.

In the meantime, a lamp post is still leaning precariously somewhere in Singapore. If the authorities can only see past the trees, perhaps they will spot it. Hopefully by next week it will be fixed!

Sunday 11 September 2011

The Little Sampan That Is Singapore Is Sinking

By design. Imagine if you will, a boat that is built with holes drilled in its bottom. The only way for the occupants of the boat to keep afloat is to keep bailing out the water that seeps in. It's the same for every country actually. Bailing out the water from the boat is a metaphor for economic activity. Nobody owes us or anyone else for that matter, a living. We have to make ourselves useful and relevant to the global economic system to survive as a modern society.

To that end, we have to build the necessary infrastructure as the foundation and put in place policies that will put that infrastructure to good use eg: a good education system and sensible policies that encourage and make it easy for business and industry to set up here and hence generate employment.

In Singapore's case, we have become a victim of our own success. With everything chugging along nicely with visible improvements year by year, we just plain got greedy. From bailing out the water to keep the boat from sinking to keeping our feet dry, we have proceeded along the path where the governments' seeming ambition is to bail out the water so fast that the boat will actually levitate out of the water! It is against the laws of physics or in our metaphorical case: the physical limits of our country and the resources available to us makes it impossible.

With improving living standards and the concomitant rise in the cost of living, Singaporeans' expectations of what they want to do and how much they want to earn would naturally rise in tandem. This would lead to a rise in the cost of doing business and a drop in productivity and hence GDP. The governments 'solution' is
to allow in foreign workers, first to do jobs that Singaporeans shun because they do not pay well enough and then to keep wage costs down so as to artificially boost productivity and GDP. Easy availability of cheaper foreign labour provides downward pressure on wage costs and serves as a natural cap on what Singaporeans can expect in terms of higher wages. Even better, the government is shielded from blame as Singaporeans will first blame employers rather than the government for this. (This is changing though.)

This trick worked so well for a while that the government started building multiple decks on our little boat to accomodate the influx of foreign workers to 'help' with bailing out the water. From the Singaporean workers' perspective, this 'help' is no help at all. Has their work-life balance improved? Are they earning more or having more time to spend with their families because the foreign workers have taken some of the workload off their hands? NO. The foreign workers as it turns out are just bailing out fast enough to carry their own weight. Worse, they are taking up space and possibly stinking up the boat :) The Singaporean worker does not see a line item in their payslip that says that that amount extra is due to some foreign workers' contribution. The government however gets exactly that from the foreign workers levy. Worse, the Singaporean worker is being threatened by their employers to work even harder just to KEEP their jobs.

There are several category 6 typhoons or hurricanes swirling around the globe at the moment. Our multi-decked little sampan is top heavy and not rated for heavy seas. It would not take much for it to capsize. Should we start lightening the load on our boat now while we still have time to pick and choose or wait until the last
possible moment when we are swamped and panicking with bedlam and chaos reigning on deck? That is when the proverbial baby gets tossed out with the bath water. The Captain of our little sampan fancies himself a Captain of a little ship. What do you think?

Tuesday 30 August 2011

To Be or Not to Be Populist

That is the conundrum facing the government after the results of the recent Presidential election showed that the government's choice of candidate was 'decisively' elected by a margin of less than 0.5 percent. Coming from the former Chairman of the GIC, it does give pause for thought when one recalls in the past that the GIC had re-assured Singaporeans that the funds it manages are safe and indeed have managed 'respectable' returns when compared with other privately managed investment/hedge funds in the market. One would suggest a very large helping of salt and a healthy dose of skepticism the next time the President offers to give an opinion :)


But I digress. The government, I'm guessing is now debating whether to go all in to sweeten the ground and bolster its chances of maintaining its electoral wins come the next general election or to stay the course, ie: business as usual. Neither of these is palatable. The correct course of action is to do the right thing. But when I see headlines like this (see picture ↑), I wonder. The first thing that came to my mind was: 'Wow! Four years .... just in time for the next election. How convenient!'

I'm sorry Mr Khaw, but the housing problem won't be solved in 4 years (short of a world war, famine or outbreak of exotic strains of flu). I wish that were the case, but both you and I know it's just a stop gap measure to a growing problem. You know, like by encouraging people to have more babies and opening the floodgates to immigration. But then it's 2012 next year and the Mayans may well be proven correct and all of these problems will just go away because most of us won't be around anymore.

Populist measures are unsustainable and limited in its effect. You can no more cure a disease by treating the symptoms than you can get rid of lalang by cutting it. You have to get to the root of the issue. Hopefully, this isn't how the government is going to address all the challenges it faces. It gives the impression of a fair
weather government over-reacting at its first experience of turbulence. Not good at all for our collective future.

Thursday 25 August 2011

The Four Horsemen of the Presidential Election

For the first time in Singapore, a presidential election is being contested by four eligible candidates. Also for the first time, the government has not openly endorsed a particular candidate. In the past when there was no contest, the presidential candidate was effectively appointed by the government. I do not think President Nathan put himself up for the post of president on his own initiative.

The fact that the government has chosen not to openly endorse a candidate this time speaks volumes on how the balance of power has shifted after the recent general election. An open endorsement from the government is no longer considered a plus and may well count against that particular candidate.

Nevertheless, one candidate has been 'strongly recommended'. One after another various organisations closely affiliated to the government have come out endorsing that particular candidate. This is government endorsement by proxy. The fact the government has chosen to act so coy on such a matter does not bode well for future transparency and openess on other matters of perhaps more immediate concern and effect on citizens.

If one analyses the results of the general election and the loss of a GRC to the opposition, one can conclude that there is still a sizeable segment of the electorate who is rational enough to elect the incumbent party's team if the oppositon party's team is judged to be not up to standard. Hence, George Yeo unfortunately lost his seat while other more 'deserving' to lose ministers managed
to keep theirs.

In the months leading up to this election, several ministers have come forward to emphasise the limitations of the Presidents' role and powers. This downplaying of the role of the presidency may well backfire on the government. The rational segment of the electorate may now decide to elect a candidate that is NOT the government's obvious choice since the consequences if any, are negligible
given the Presidents apparent limitations.

Of the four candidates, Dr Tony Tan has the widest range of experience and expertise. His campaign platform emphasis has been on the importance of safeguarding the national reserves. But as Chairman of the GIC, he has direct executive powers on how those reserves are to be deployed and he can do this without government interference, as least that is what foreign governments have been told. As President, he can only act as the gatekeeper, a relatively minor role. So, Dr Tony Tan can best achive his stated objectives by remaining as Chairman of the GIC. Had a reluctant George Yeo decided to throw his hat into the ring, Dr Tony Tan will likely have stayed put at GIC.

Dr Tan Cheng Bock has come out, in my opinion, as the candidate with the least clearly defined idea of what he wants to do as president. His two stated objectives came right out of left field. Multi-culturalism? I did not realise that there were racial or cultural problems in Singapore that needed presidential attention at the moment. Separation of the Presidential and Prime Ministers' office? Was that ever an issue with the electorate?

Mr Tan Jee Say appears to be the candidate most passionate about what he wants to achieve as the President. Even if what he wants to do may lie outside the ambit of presidential powers as defined by the constitution. He is also the candidate if elected, most likely to make the PM voluntarily vacate his Istana's office just to escape from his friendly drop-by chats :) He wants to unify a 'divided' Singaporean electorate. I think it is important to distinguish and differentiate between a country and its government. They are separate entities. Voting for the opposition does not make you disloyal to your country. So, there is no disunity in my mind to unite.

Mr Tan Kin Lian is most easily and comfortably identified with the 'common' Singaporean. He found 'religion' once he left his position as CEO of NTUC Income. By religion, I mean he began to speak out and write against the practices of his former insurance industry, among other things. He professes to want to make the lives of Singaporeans better but given the largely ceremonial and custodial nature of the Presidency, it is difficult to see how that can be achieved.

Personally, I feel that since the custodial function of the president is the reason why we have an elected president in the first place, it would be good to have a pair of eyes from outside of the government establishment to be the watchdog. If the recent and ongoing financial crisis has ANY lessons for us, it is that when financial organisations (of which GIC and Temasek Holdings are examples) have the freedom to hide or obfuscate their dealings, they WILL stray to the dark side.

Whoever gets elected as president this weekend, I'm sure he can call and rely upon the other three for any assistance if asked. The government of the day should be aware that the President is elected by the WHOLE of Singapore, not just an electoral constituency and should accord him the proper respect.

Thursday 18 August 2011

National Day Rally Speech: An opportunity missed?

Back in the nineties at the dawn of the Internet age when an upstart start up named Netscape looked about to eat Microsoft's lunch with its Netscape Navigator web browser, what did Bill Gates do? He redirected Microsoft's original stand-alone desktop strategy to one which placed the Internet front and center of its new focus and created Microsoft's IE browser. The rest as they say is history....especially for Netscape.

Similarly, Singapore's political landscape is at a crossroads with the landmark loss of a GRC at the recent general election. In this case though, unfortunately PM Lee Hsien Loong did not, in my opinion rise to the occasion and met the challenge as Bill Gates did.

In his speech, he appears to have identified the critical issues faced by his government much like Bill Gates had identified the need to get on the Internet bandwagon. Unfortunately, his speech did not articulate a road map with specific details of how his government would address those issues.

These issues are the result of policies that have been implemented for well over a decade. They are unlikely to be reversed and the effects felt by the ground within the timeframe of the next general election.

For example: "Singaporeans First" makes for a good soundbite, but details are scant of just how it is going to be implemented or enforced. The measures announced to address these issues seem like mere bandaids on a gushing arterial wound.

For example: Raising the income ceiling for HDB flats from $8,000 to $10,000. All it does is to make $10,000 the new threshold for appeals. Increasing university places by 2000? What about the 2001 person that just missed the cut? Increasing subsidies for more drugs and low-income earners? How is this going to be funded? If no additional taxes are going to be levied, then why was this not done before and only now after an election loss? Is the GST going to be raised to a nice round and easy to calculate 10%? In the current and forseeable inflationary environment, good luck with that. The government might as well stand down and let it be an oppositon walkover for the next election :)

I think PM Lee missed the opportunity to make use of the speech to lay out a coherent action plan to address these issues. Without such a plan being articulated there is no way to manage public expectations. The temperature on the ground is still simmering (witness the booing presidential candidate Dr Tony Tan received yesterday). Ad hoc measures like those that Mr Khaw Boon Wan had made in relation to housing issues are not enough. They give an impression of seat-of-the-pants fire-fighting and not of a government knowing what it needs to do and doing it in a coordinated manner. Perhaps we could have a post National Day Rally Speech speech do-over and this time, hopefully do it better :)

Saturday 6 August 2011

All aboard! From KTM tracks to Orchard Route


Much has been written about what to do with the KTM land now that they have reverted to Singapore ownership.Opinions have ranged from nature lovers prefering to leave it alone as a nature area to property investors whowant it developed it for 'growth, progress and prosperity for our nation'. My opinion falls nearer to the side of the nature lovers. Let's consider the following pertinent points:

  1. Malaysia had played hardball for over 20 years on this issue. They could have continued to play hardball for another 20. And if they did, what could we have done? Nothing.
  2. So any development plans that we might have for the now unencumbered KTM land is purely discretionary. Our economic well-being isn't tied to it. If it is, then we are indeed in deep trouble and our troubles won't be solved by developing the KTM land, only delayed at best. Consider if point 1 above had come to pass.
Should we then just leave it as a mosquito infested wasteland as those in the development camp would view it? To be honest, most of the KTM railway tracks are boring, monotonous and lacking in features of any visual interest. But this is to be expected. KTM was running a railway business, not a park. For me personally,
the monotony was broken in parts only by the sighting of a few scattered fruit trees, principally durian, rambutan and the odd occasional 'farm'.

And this observation is what leads to my suggestion. Why not enhance the KTM tracks by planting fruit and food trees all along the way so that it becomes an 'Orchard Route'? This is an obvious play on Orchard Road which is a major tourism destination. Someone in the past had a brainwave and came up with the Night Safari attraction. I'm sure with a little more thought and imagination, this suggestion of an Orchard Route could have a similar impact.

Indulge me and just imagine for a moment: A long avenue where tropical fruits and food plants from all over the world are planted. Avocado, cashew, jambu, petai to name a very few...how many of you have seen such fruits growing on trees? Or the kind of bamboo whose leaves are used to wrap dumplings? Japan has its avenues of cherry trees famous for their spring flowering. We could have a long green corridor that is flowering and fruiting all YEAR round as the variety of fruits come into season. An ongoing spectacle not just for tourism but also I feel, an educational resource for guided field trips for school children as well.

The cost of enhancing such a green corridor could mostly be subsidised by the public and corporate entities. For corporations, it could be an additional avenue for them to offset their carbon footprint. For the public which is increasingly concerned about environmental issues as evidenced by their keen response to this KTM land issue, they could help by sponsoring the planting of trees like the tree planting program currently undertaken by NParks. See here: http://www.gardencityfund.org/pat/. By allowing the public to decide what type of trees they want to sponsor as well as marketing it as a green way to mark special occasions eg: the birth of their child, the response could be good enough that the project could well end up being self funding.

In enhancing the green corridor, we should not lose sight that it is not just for people alone. It is a vital highway for our much diminished wildlife to disperse and maintain genetic diversity. It is also important to maintain its 'untidy' cover of undergrowth which provides both food and habitat for wildlife. Its very untidyness is one of its charms. Those who crave neatly manicured lawns and sanitised environments can keep to the usual HDB heartland parks, playgrounds and the Botanic Gardens.

For the bean counters out there, can we put a monetary value on leaving the KTM land as a connected green corridor? Yes, very easily actually. Consider the recently announced plan to build the ecolink to re-link the separated halves of the Bukit Timah Nature reserve. What would be the cost to create an equivalent length of connected land spanning say from the west to the east of Singapore? The roads that have to be closed or bridged over. The buildings that have to be demolished to make way. And there you would have it. I don't think it would be a small sum.

The government has announced that they will be taking two years to decide the fate of the KTM land. I'm being cynical here but I believe most of that time will be spent on deciding how to divide up the land into development plots and the PR spin to manage the public fallout. In the end, likely just a few disconnected patches will be left. as a compromise which serves little purpose as each patch is likely too small to be viable to sustain wildlife of any significance or preserve its intrinsic value of connectedness that allows wildlife to disperse without ending up as roadkill. I hope I'm wrong.

But before any decision becomes cast in stone, please consider this: Breaking up the connectivity of the KTM track land is easy to do and once done, effectively becomes irrevocable. Keeping it connected and enhanced as suggested above as a green fruitful corridor which benefits both people and wildlife is a decision that can be revised if need be (hopefully not), at any time in the future.