Archive for December, 2008

Would S’porean be the last to be retrenched?

Friday, December 5th, 2008

According to labour chief Lim Swee Say, “S’poreans should come last” in retrenchment. It reminds me of “one should give up seat to the pregnant and elderly”. Or perhaps, “one should procreate for the nation”. Should is a very overly used word, which practically no ones bothers. Self gain is the norm, while courtesy and patriotism are of short supply.

From the viewpoint of a profit-oriented company, which employs both S’poreans and foreign workers, the worker who is paid more for similar job scope will be the one who goes first.

Often, it is the S’porean who tends to be paid the higher salary, due to their higher bargaining power with the easy availability of work for job-hopping in boom years, and the calculation of wages based on last draw pay.

Foreigners (non-expats) workers, mostly due to the weakness of their currency with respect to Singapore dollar, tend to be paid lower compared to S’porean (but often a lot more when compared with salary back home), and are often more willing workers.

So, if a company is profit-oriented, why would they employ S’poreans in the first place? Ah ha. Each company has a ratio quota, based on the number of S’poreans and PRs already employed, which allows them to employ foreigners.

So, doesn’t the retrenchment of S’poreans prevent them from renewing the foreign worker’s pass? Ah ha. The trick, that is relatively well-known, is to apply PR for those foreign workers who are on employment pass or S pass.

The “excuse” of using the downturn to send workers for training, so that they will be well-trained and ready for boom years sounds hollow. The question is, with our lax employment rules, why spend the money training when you can just grab well-trained workers? Many, employed and unemployed are paying from their own pockets for training in view of keeping themselves employ-able.

1st Fleishman Hillard bloggers gathering

Friday, December 5th, 2008

Time has been passing by very quickly, and stress has been building up with regards to my work, and so I decided to have a night out, and attended this 1st Fleishman Hillard bloggers gathering. It has been a long time since I venture out of my cave, to attend events.

Boat Quay and Clark Quay, seem to be on the quieter side with less crowd when I took a 10-15min walk from the furthest end (Boat Quey from Raffles Place mrt) of the Singapore river side to almost the other end of Clark Quay to reach Brewerkz. Perhaps, it is early at 730pm. Perhaps, it is a Thursday. Or perhaps, the Singaporeans’ are worried about their jobs, and can hardly make ends meet. Or perhaps, the expats are keeping away as living cost rises.

Fleishman Hillard specially reserved a room for this 1st bloggers gathering. And, my point of contact, Samantha excitedly (as bubbly as usual) as got me my nametag, and introduced me. Thanks, Samantha. Thanks, Fleishman Hillard.

Surprisingly, through I have been skipping most events this year, half the crowd are familar faces. Attending event leads me to think about the economy. The current economy is bad. The collapsed of Lehman brother is the last straw, that broke the camel’s back (USA’s finance). And, the toxic mortgage (subprime mess), that was repackaged and nicely wrapped and sold to institutions and layman, is having the domino effect of affecting the entire world’s economy. USA is not going down (recession) alone. Through it is the source of this world-wide financial turmoil, the entire world is suffering with it, due to the lack of surveillence of financial institues and the inter-connectivity of the open economy.

Now, in such a bad economy, is such PR events a neccessity or a luxuary? Looking at short term, consumers will value money over time, as money is in short supply, and as such, will perform more comparison before purchases. Personal reviews, such as blog articles, that are personalised, will have a greater effect, as most gadgets are often of similar technical specification. Thus, those companies that have a better personalised publicity will have a better chance of a higher sales.

Looking at long term, in bad economy, many companies will scale back on their expenditure, with publicity being one of the first to go. As such, it provides a publicity vacumm, which those with sufficient cash flow, and deep pockets, can take advantage of. The publicity built up, can solidify their branding. The surviving companies, where publicity was cut, will have plenty of catch-up to do after the down-turn.

Snapshot of COE bidding at 2:30pm… 1.5hr from closing time

Wednesday, December 3rd, 2008

2 weeks ago, as everyone has knew by now, COE for category A (cars that are 1600cc and below) fall to a market low of $2. We got lots of first time buyers rushing to the showrooms to get their cars.

The publicity has sort of pay off, as at 2:30pm, we have much more bids received, to be exact 39% more bids than the quota. However, it seems like most are hopping for a low low price, as the current COE price is still less than $4000.

Now, lets take a look at the other categories. I think the joke that might emerged is that we might get a $1 COE for open category E (which can be used to register any type of vehicle). At the moment, we are about 200 bids short from the quote.

More jokes might emerged, if we look at the softness of the market from the bids number and value. Sigh… indicator of recession.

Would the newest joke be $1 COE for open category?

Update at 4pm:
Apparently, the $2 COE is not to be repeated. The finally tally is as follows. :)

Chevrolet driveaway 2008: Photo teaser

Tuesday, December 2nd, 2008

Here is the photo teaser for the Chevrolet driveaway 2008… So, what is this event? It is a 3 day 2 night driveaway to Port Dickson over the last weekend, from last Friday to Sunday. The first day includes 2 treasure hunts, and the second day includes a go-karting session and shopping session or golf session, and a pirate-themed dinner with games and presentation of prizes. The final day is free and easy. :)

Yipee! Time to go. The cars lined up at the checkpoint. :)

The cars stopping for the participants to take photographs by the river.

The cars. Ops. Or rather the karts. It is go-karting time. Our fastest 10 drivers gearing up for the race. 1 flower, and 9 leaves… Ops, I mean 1 lady and 9 gentleman geared for the final race. Want to know the result of the race? Would the only lady be in the top 3? Keep you in suspend for the time being. :P

The answer is… The only lady…. is…. the first runner-up!

Port Dickson… Where is the sea? :P It is behind the trees…

Here is the beach of Port Dickson. :)

Another photograph of the beach.

And… a boat in the sea.

Can you spot the animals? Yup. There are a number of cows by the greenery on the left side of the image. We caught sight of cows, horses, and lambs during the trip… Yes, lambs with their wool on.

More transmission power lines. :) And old zinc houses, which can hardly be spotted back home.

Huge billboards… which I doubt we will get them by our roadside, unless the government is really in need of more earnings. :)

Commonly seen roadside stores. Their earnings will never be able to cover their rental if they are back home. :P

That is all for the time. :)