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	<title>Comments on: Billion dollar profits but still axing jobs</title>
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		<title>By: Bus overcharging, profits, ERP: A triple whammy? (via The Online Citizen) &#124; Geek.Mythology</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-2/#comment-169019</link>
		<dc:creator>Bus overcharging, profits, ERP: A triple whammy? (via The Online Citizen) &#124; Geek.Mythology</dc:creator>
		<pubDate>Wed, 24 Nov 2010 06:07:12 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-169019</guid>
		<description>[...] Billion dollar profits but still axing jobs [...]</description>
		<content:encoded><![CDATA[<p>[...] Billion dollar profits but still axing jobs [...]</p>
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		<title>By: smallvice585</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-32966</link>
		<dc:creator>smallvice585</dc:creator>
		<pubDate>Sat, 15 Nov 2008 15:06:31 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-32966</guid>
		<description>&lt;i&gt;why they can retrench these people ? because the employment laws offer these people no protection ! the union do not want to fight for them because they are not or cannot be bargainable union member (because of job type or salary level)&lt;/i&gt; - dodo (#72)

The 1972 amendment to the Industrial Relations Act allows companies to retrench workers without consultations to trade unions. Lee Kuan Yew was behind this amendment. Even NTUC then voiced out a lot of resentment against Lee Kuan Yew.</description>
		<content:encoded><![CDATA[<p><i>why they can retrench these people ? because the employment laws offer these people no protection ! the union do not want to fight for them because they are not or cannot be bargainable union member (because of job type or salary level)</i> &#8211; dodo (#72)</p>
<p>The 1972 amendment to the Industrial Relations Act allows companies to retrench workers without consultations to trade unions. Lee Kuan Yew was behind this amendment. Even NTUC then voiced out a lot of resentment against Lee Kuan Yew.</p>
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		<title>By: Socially responsible retrenchments? &#171; Gerald Giam</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-32965</link>
		<dc:creator>Socially responsible retrenchments? &#171; Gerald Giam</dc:creator>
		<pubDate>Sat, 15 Nov 2008 15:03:16 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-32965</guid>
		<description>[...] Posted by Gerald Giam under Uncategorized &#160;  A week after I wrote an article for The Online Citizen about the DBS retrenchments opining that &#8220;a company’s first social [...]</description>
		<content:encoded><![CDATA[<p>[...] Posted by Gerald Giam under Uncategorized &nbsp;  A week after I wrote an article for The Online Citizen about the DBS retrenchments opining that &#8220;a company’s first social [...]</p>
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		<title>By: dodo</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-32200</link>
		<dc:creator>dodo</dc:creator>
		<pubDate>Thu, 13 Nov 2008 03:18:42 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-32200</guid>
		<description>simply put, most workers (except for those unionised/bargainable)in singapore have no right. they are kick around like a ball. i think the gahmen is unaware of this. even our maids/foreign workers have more rights than us.</description>
		<content:encoded><![CDATA[<p>simply put, most workers (except for those unionised/bargainable)in singapore have no right. they are kick around like a ball. i think the gahmen is unaware of this. even our maids/foreign workers have more rights than us.</p>
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		<title>By: dodo</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-31668</link>
		<dc:creator>dodo</dc:creator>
		<pubDate>Tue, 11 Nov 2008 10:06:14 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-31668</guid>
		<description>why they can retrench these people ? because the employment laws offer these people no protection ! the union do not want to fight for them because they are not or cannot be bargainable union member (because of job type or salary level). do you know that even communist countries like China &amp; Vietnam have better employment laws to protect their citizens.</description>
		<content:encoded><![CDATA[<p>why they can retrench these people ? because the employment laws offer these people no protection ! the union do not want to fight for them because they are not or cannot be bargainable union member (because of job type or salary level). do you know that even communist countries like China &amp; Vietnam have better employment laws to protect their citizens.</p>
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		<title>By: Gilbert Goh Keow Wah</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-31430</link>
		<dc:creator>Gilbert Goh Keow Wah</dc:creator>
		<pubDate>Mon, 10 Nov 2008 12:34:01 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-31430</guid>
		<description>I salute our govt&#039;s determination not to walk the path of welfarism.

Seeing how Australia struggles to stay float with so many welfare benefits make me shudder. People have no sense of hard work and as many as half a million people are on the dole at any one time even during the booming years.

Though welfare payout is a paltry $220 a week, many chose not to work but of course some take on secret PT work so that they get to enjoy the dole hand out as well. Minimum wage here is around $550 a week even if you throw rubbish or sweep the floor. If one works in a supermaket as a temp he can earn around $15.00 an hour. Fruit picking is even more lucrative with some farms paying close to $20.00 an hour.

Though I am against welfarism which destroys the hard work enthics in us, we may have to slowly introduce unemployment benefit to our society. I know most developed countries have such payout and it could be costly to the taxpayer. Some may even be hooked on the dole and preferred that to work as who really wants to work for a living in Singapore? The long hours and miserable pay are big deterrances.

The govt can implement a hybrid version of paying unemployment benefit so that the unemployed will not be hooked and the payout may be subjected to conditions such as a fixed period of payout (max 6 mths) and proper job search conditions attached. CDCs currently provide some form of unemployment benefit but subject to very stringent pre-conditions so much so that some may not even want to apply for it. I think I have written more on this in one of my comment earlier in this link.</description>
		<content:encoded><![CDATA[<p>I salute our govt&#8217;s determination not to walk the path of welfarism.</p>
<p>Seeing how Australia struggles to stay float with so many welfare benefits make me shudder. People have no sense of hard work and as many as half a million people are on the dole at any one time even during the booming years.</p>
<p>Though welfare payout is a paltry $220 a week, many chose not to work but of course some take on secret PT work so that they get to enjoy the dole hand out as well. Minimum wage here is around $550 a week even if you throw rubbish or sweep the floor. If one works in a supermaket as a temp he can earn around $15.00 an hour. Fruit picking is even more lucrative with some farms paying close to $20.00 an hour.</p>
<p>Though I am against welfarism which destroys the hard work enthics in us, we may have to slowly introduce unemployment benefit to our society. I know most developed countries have such payout and it could be costly to the taxpayer. Some may even be hooked on the dole and preferred that to work as who really wants to work for a living in Singapore? The long hours and miserable pay are big deterrances.</p>
<p>The govt can implement a hybrid version of paying unemployment benefit so that the unemployed will not be hooked and the payout may be subjected to conditions such as a fixed period of payout (max 6 mths) and proper job search conditions attached. CDCs currently provide some form of unemployment benefit but subject to very stringent pre-conditions so much so that some may not even want to apply for it. I think I have written more on this in one of my comment earlier in this link.</p>
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		<title>By: Gerald Giam</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-31424</link>
		<dc:creator>Gerald Giam</dc:creator>
		<pubDate>Mon, 10 Nov 2008 11:53:03 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-31424</guid>
		<description>44) Donaldson Tan 

I agree with you even though it contradicts against my moderate socialist (note: not communist) leanings. &quot;That government is best which governs least&quot; (Paine or Jefferson).

We should develop this thinking more.

In fact, I have seen writings that suggest even education should be out of the govt&#039;s hands. Although I don&#039;t fully subscribe to that, I&#039;m not going to let our schools get in the way of my daughter&#039;s education.</description>
		<content:encoded><![CDATA[<p>44) Donaldson Tan </p>
<p>I agree with you even though it contradicts against my moderate socialist (note: not communist) leanings. &#8220;That government is best which governs least&#8221; (Paine or Jefferson).</p>
<p>We should develop this thinking more.</p>
<p>In fact, I have seen writings that suggest even education should be out of the govt&#8217;s hands. Although I don&#8217;t fully subscribe to that, I&#8217;m not going to let our schools get in the way of my daughter&#8217;s education.</p>
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		<title>By: Donaldson Tan</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-31372</link>
		<dc:creator>Donaldson Tan</dc:creator>
		<pubDate>Mon, 10 Nov 2008 08:36:24 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-31372</guid>
		<description>&lt;i&gt;Hi Donaldson, while i agree tat we shouldn’t always depend on gov to give handouts but if we citizens are totally self reliant, then wat r they for?&lt;/i&gt; - Daniel Ling (#42)

The ugly truth is that governments do not necessary exist for handouts.  Living in Singapore is a proof of that. In fact, the government&#039;s job is to provide public goods and services. Any time more than providing the public goods and services is optional, depending on the choice of the government of the day.  Most importantly, if we are more self-reliant, the government will have to play a more active role in wooing our support.

Public goods and services include:
1. Military Security (e.g. Singapore Armed Force)
2. Law &amp; Order (The Judiciary, The Courts, The Police Force)
3. Public Health &amp; Hygiene (eg. vaccination)
4. Environmental Regulation (e.g. Clean Air)
5. Finance Policy (e.g. overseeing S$ FOREX rates)
6. Education
7. Economic Policy (e.g. attracting investment and creating jobs)
8. Foreign Affairs (e.g. building good relations with other countries for mutual benefits)</description>
		<content:encoded><![CDATA[<p><i>Hi Donaldson, while i agree tat we shouldn’t always depend on gov to give handouts but if we citizens are totally self reliant, then wat r they for?</i> &#8211; Daniel Ling (#42)</p>
<p>The ugly truth is that governments do not necessary exist for handouts.  Living in Singapore is a proof of that. In fact, the government&#8217;s job is to provide public goods and services. Any time more than providing the public goods and services is optional, depending on the choice of the government of the day.  Most importantly, if we are more self-reliant, the government will have to play a more active role in wooing our support.</p>
<p>Public goods and services include:<br />
1. Military Security (e.g. Singapore Armed Force)<br />
2. Law &amp; Order (The Judiciary, The Courts, The Police Force)<br />
3. Public Health &amp; Hygiene (eg. vaccination)<br />
4. Environmental Regulation (e.g. Clean Air)<br />
5. Finance Policy (e.g. overseeing S$ FOREX rates)<br />
6. Education<br />
7. Economic Policy (e.g. attracting investment and creating jobs)<br />
8. Foreign Affairs (e.g. building good relations with other countries for mutual benefits)</p>
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		<title>By: gemami</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-31359</link>
		<dc:creator>gemami</dc:creator>
		<pubDate>Mon, 10 Nov 2008 08:25:43 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-31359</guid>
		<description>I agree with &lt;b&gt;singaporedaddy&lt;/b&gt; that the solution does not lie with the govt. This govt has a &lt;i&gt;&lt;b&gt; &quot;I-feel-so-rich-looking-at-my-cpf-statement-mentality&quot;&lt;/b&gt;&lt;/i&gt; that solutions to any problem is so hard to come by these days.

What this govt can do, at least, is to listen to people like &lt;b&gt;Observer (SG-HK) &amp; Donaldson Tan&lt;/b&gt; and take up some of the suggestions put across to them. 

At least do the easy job of listening and act accordingly. What can be so difficult?</description>
		<content:encoded><![CDATA[<p>I agree with <b>singaporedaddy</b> that the solution does not lie with the govt. This govt has a <i><b> &#8220;I-feel-so-rich-looking-at-my-cpf-statement-mentality&#8221;</b></i> that solutions to any problem is so hard to come by these days.</p>
<p>What this govt can do, at least, is to listen to people like <b>Observer (SG-HK) &amp; Donaldson Tan</b> and take up some of the suggestions put across to them. </p>
<p>At least do the easy job of listening and act accordingly. What can be so difficult?</p>
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		<title>By: Daniel Ling</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-31355</link>
		<dc:creator>Daniel Ling</dc:creator>
		<pubDate>Mon, 10 Nov 2008 08:19:47 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-31355</guid>
		<description>41) Donaldson Tan on November 10th, 2008 4.14 pm
Your attitude that it is every man for himself is what that makes everyone so dependent on government handout. We, the citizens, need to build self-reliance capacity at the community level, so even when government does not want to give handout, we can still depend on each other to tide through the hard times. We cannot continue to be bullied and remain so dependent on government policies. We need to be more resilient.

Hi Donaldson, while i agree tat we shouldn&#039;t always depend on gov to give handouts but if we citizens are totally self reliant, then wat r they for?

While i agree tat we should do something about the situation such tat in times of need, we won&#039;t be so jia lat, but at the same time, we should do something about the fact tat we aren&#039;t getting any help? Wat i&#039;m trying to say is tat, we should work toward a more Pro Citizen Nation... 

Thus i agree with u, remeber the topic on the Independent Committee to work with EMA?
At the same time, i also feel tat we should work on another direction which is to improve the current system.

Let&#039;s work for a better SG. =D</description>
		<content:encoded><![CDATA[<p>41) Donaldson Tan on November 10th, 2008 4.14 pm<br />
Your attitude that it is every man for himself is what that makes everyone so dependent on government handout. We, the citizens, need to build self-reliance capacity at the community level, so even when government does not want to give handout, we can still depend on each other to tide through the hard times. We cannot continue to be bullied and remain so dependent on government policies. We need to be more resilient.</p>
<p>Hi Donaldson, while i agree tat we shouldn&#8217;t always depend on gov to give handouts but if we citizens are totally self reliant, then wat r they for?</p>
<p>While i agree tat we should do something about the situation such tat in times of need, we won&#8217;t be so jia lat, but at the same time, we should do something about the fact tat we aren&#8217;t getting any help? Wat i&#8217;m trying to say is tat, we should work toward a more Pro Citizen Nation&#8230; </p>
<p>Thus i agree with u, remeber the topic on the Independent Committee to work with EMA?<br />
At the same time, i also feel tat we should work on another direction which is to improve the current system.</p>
<p>Let&#8217;s work for a better SG. =D</p>
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		<title>By: Donaldson Tan</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-31353</link>
		<dc:creator>Donaldson Tan</dc:creator>
		<pubDate>Mon, 10 Nov 2008 08:14:40 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-31353</guid>
		<description>&lt;i&gt;Never mind, if it cuts to the marrow, I will go Dubai or Russia, but one thing is clear from this point onwards – I am not looking towards gahmen, if they don’t squeeze me more with dummy 22% electricity tariffs, that even agent Molder and Scully of X files cannot explain, I am happy already.

It’s everyman for himself. &lt;/i&gt; - singaporedaddy (#32)

Your attitude that it is every man for himself is what that makes everyone so dependent on government handout. We, the citizens, need to build self-reliance capacity at the community level, so even when government does not want to give handout, we can still depend on each other to tide through the hard times. We cannot continue to be bullied and remain so dependent on government policies. We need to be more resilient.</description>
		<content:encoded><![CDATA[<p><i>Never mind, if it cuts to the marrow, I will go Dubai or Russia, but one thing is clear from this point onwards – I am not looking towards gahmen, if they don’t squeeze me more with dummy 22% electricity tariffs, that even agent Molder and Scully of X files cannot explain, I am happy already.</p>
<p>It’s everyman for himself. </i> &#8211; singaporedaddy (#32)</p>
<p>Your attitude that it is every man for himself is what that makes everyone so dependent on government handout. We, the citizens, need to build self-reliance capacity at the community level, so even when government does not want to give handout, we can still depend on each other to tide through the hard times. We cannot continue to be bullied and remain so dependent on government policies. We need to be more resilient.</p>
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		<title>By: Retiree Driver</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-31351</link>
		<dc:creator>Retiree Driver</dc:creator>
		<pubDate>Mon, 10 Nov 2008 08:08:34 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-31351</guid>
		<description>It is sad to see the start of massive job layoffs again. I was a &quot;victim&quot; before and can share some experience with netizens. You can also learn a thing or two from Hong Kongers - their admirable resilence and self reliance in difficult times are qualities that when you dig deep- you find that you have them too; perhaps it is in the genes. 
Do any job (ask around) that come along even if you are not used to or trained in it - you will be suprised as to how adapable the human human can be when you are mentally prepared and will yourself to survive economically. Cling on to a lifeline - the bad times do not last forever, and perhaps soon you can enjoy &quot;MM&#039;s golden era for Singapore&quot;.

As for Singapore -its retrenchment exercises can be wierd timings - happening in recession and economic crisis and the realreasons for it can be to trim &quot;excess staff &quot; of previous regimes; sometimes it may also be deliberately done by a new CEO trying to impress his board of directors with his bottom line achievables. There is really no one reason for job layoff and retrenchment.

Between the &quot;devil &quot;( retrenchment ) and the &quot;deep sea &quot;( investing into unknowns) it is the &quot;devil&quot; time now and it is co-inciding with our economic woes!
Previously it was &quot; deep sea &quot; time - investing heavily into banks in China (SAR); and the two activities - investing &amp; retrenchment can actually be related in begining &amp; end episodes.

Of course, no one can predict the future as accurately as one wants to - otherwise MM would not utter about Singapore&#039;s golden era so soon.

And of course in retrenchment - one can see exactly what is going to happen next- how many more jobless, re-training programmes, workfares (WDA), etc . It is unlike the Temasek investment efforts in  Merill Lynch- where one morning the investment officers woke up to it  being disappearing into BOA, and now without doing the a,b &amp; c of investment into child learning in Australia, is finding out  that ABC Australia is also fast disappearing ( for that matter SQ&#039;s investment in ANZ also disappeared ).
Citizens cannot choose &quot; the devil&quot; (retrenchments) or the &quot;deep sea&quot; (investing into uknowns) but they cannot like investments disappear so fast over time - so  fight back with will &amp; determination, hang on and you can become stronger &amp; dignified, and you may even decline the Government handouts if they do actually come by next year.

Best Wishes.</description>
		<content:encoded><![CDATA[<p>It is sad to see the start of massive job layoffs again. I was a &#8220;victim&#8221; before and can share some experience with netizens. You can also learn a thing or two from Hong Kongers &#8211; their admirable resilence and self reliance in difficult times are qualities that when you dig deep- you find that you have them too; perhaps it is in the genes.<br />
Do any job (ask around) that come along even if you are not used to or trained in it &#8211; you will be suprised as to how adapable the human human can be when you are mentally prepared and will yourself to survive economically. Cling on to a lifeline &#8211; the bad times do not last forever, and perhaps soon you can enjoy &#8220;MM&#8217;s golden era for Singapore&#8221;.</p>
<p>As for Singapore -its retrenchment exercises can be wierd timings &#8211; happening in recession and economic crisis and the realreasons for it can be to trim &#8220;excess staff &#8221; of previous regimes; sometimes it may also be deliberately done by a new CEO trying to impress his board of directors with his bottom line achievables. There is really no one reason for job layoff and retrenchment.</p>
<p>Between the &#8220;devil &#8220;( retrenchment ) and the &#8220;deep sea &#8220;( investing into unknowns) it is the &#8220;devil&#8221; time now and it is co-inciding with our economic woes!<br />
Previously it was &#8221; deep sea &#8221; time &#8211; investing heavily into banks in China (SAR); and the two activities &#8211; investing &amp; retrenchment can actually be related in begining &amp; end episodes.</p>
<p>Of course, no one can predict the future as accurately as one wants to &#8211; otherwise MM would not utter about Singapore&#8217;s golden era so soon.</p>
<p>And of course in retrenchment &#8211; one can see exactly what is going to happen next- how many more jobless, re-training programmes, workfares (WDA), etc . It is unlike the Temasek investment efforts in  Merill Lynch- where one morning the investment officers woke up to it  being disappearing into BOA, and now without doing the a,b &amp; c of investment into child learning in Australia, is finding out  that ABC Australia is also fast disappearing ( for that matter SQ&#8217;s investment in ANZ also disappeared ).<br />
Citizens cannot choose &#8221; the devil&#8221; (retrenchments) or the &#8220;deep sea&#8221; (investing into uknowns) but they cannot like investments disappear so fast over time &#8211; so  fight back with will &amp; determination, hang on and you can become stronger &amp; dignified, and you may even decline the Government handouts if they do actually come by next year.</p>
<p>Best Wishes.</p>
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		<title>By: haha</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-31266</link>
		<dc:creator>haha</dc:creator>
		<pubDate>Mon, 10 Nov 2008 03:20:53 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-31266</guid>
		<description>Waah Singaporedadi. You mean you r going to be retrenched soon!!!!!!!!! Sorry to hear that, but I think your view of the govt is too pessimistic. And your take on businesses too hard. I am not saying its not true, but I dont think some people will buy it, as they need to believe in the idea. A firm is just not out to make $.You know what I just read today, Tharma is focussing on helping out businesses. That should be right down your street. Dont be so anti govt. I think we are generally doing ok, when compared to Myanmar, Angola etc</description>
		<content:encoded><![CDATA[<p>Waah Singaporedadi. You mean you r going to be retrenched soon!!!!!!!!! Sorry to hear that, but I think your view of the govt is too pessimistic. And your take on businesses too hard. I am not saying its not true, but I dont think some people will buy it, as they need to believe in the idea. A firm is just not out to make $.You know what I just read today, Tharma is focussing on helping out businesses. That should be right down your street. Dont be so anti govt. I think we are generally doing ok, when compared to Myanmar, Angola etc</p>
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		<title>By: Dear lim</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-31263</link>
		<dc:creator>Dear lim</dc:creator>
		<pubDate>Mon, 10 Nov 2008 03:12:46 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-31263</guid>
		<description>37) lim on November 10th, 2008 10.58 am 

Do you have numbers to correct our misunderstanding. On the different categories especially.

Many are of the impression theirs is a &quot;iron-rice&#039; bowl comes rain or shine. Perhaps, we have mistakenly extend our views on the &#039;highly-paid&quot; leaders to those lower-rank-and-file personnel. 

Concrete figures will be good. Care to provide any lim. Just tabular broad scale categories will do.</description>
		<content:encoded><![CDATA[<p>37) lim on November 10th, 2008 10.58 am </p>
<p>Do you have numbers to correct our misunderstanding. On the different categories especially.</p>
<p>Many are of the impression theirs is a &#8220;iron-rice&#8217; bowl comes rain or shine. Perhaps, we have mistakenly extend our views on the &#8216;highly-paid&#8221; leaders to those lower-rank-and-file personnel. </p>
<p>Concrete figures will be good. Care to provide any lim. Just tabular broad scale categories will do.</p>
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		<title>By: lim</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-31256</link>
		<dc:creator>lim</dc:creator>
		<pubDate>Mon, 10 Nov 2008 02:58:22 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-31256</guid>
		<description>Some people in civil service haven&#039;t even got their promised pay increment from few years back and already being asked to cut back? lol.</description>
		<content:encoded><![CDATA[<p>Some people in civil service haven&#8217;t even got their promised pay increment from few years back and already being asked to cut back? lol.</p>
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		<title>By: loop</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-31241</link>
		<dc:creator>loop</dc:creator>
		<pubDate>Mon, 10 Nov 2008 02:25:12 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-31241</guid>
		<description>How about Civil Services?  Should they not be cutting cost too?  Why  not all Civil Services across the board cut 10% of their staff before end of this year?</description>
		<content:encoded><![CDATA[<p>How about Civil Services?  Should they not be cutting cost too?  Why  not all Civil Services across the board cut 10% of their staff before end of this year?</p>
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		<title>By: T</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-31198</link>
		<dc:creator>T</dc:creator>
		<pubDate>Mon, 10 Nov 2008 00:15:36 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-31198</guid>
		<description>新 斩 银 行</description>
		<content:encoded><![CDATA[<p>新 斩 银 行</p>
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		<title>By: Dr M</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-31191</link>
		<dc:creator>Dr M</dc:creator>
		<pubDate>Sun, 09 Nov 2008 23:45:07 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-31191</guid>
		<description>The Senior Management and the Board should be fired.....what is Ho Ching as CEO of Temasek, the majority owner of DBS got to say?</description>
		<content:encoded><![CDATA[<p>The Senior Management and the Board should be fired&#8230;..what is Ho Ching as CEO of Temasek, the majority owner of DBS got to say?</p>
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		<title>By: Billion dollar profits but still axing jobs &#171; Gerald Giam</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-31113</link>
		<dc:creator>Billion dollar profits but still axing jobs &#171; Gerald Giam</dc:creator>
		<pubDate>Sun, 09 Nov 2008 13:37:59 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-31113</guid>
		<description>[...] article was first published on The Online Citizen.     [...]</description>
		<content:encoded><![CDATA[<p>[...] article was first published on The Online Citizen.     [...]</p>
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		<title>By: singaporedaddy</title>
		<link>http://theonlinecitizen.com/2008/11/billion-dollar-profits-but-still-axing-jobs/comment-page-1/#comment-31087</link>
		<dc:creator>singaporedaddy</dc:creator>
		<pubDate>Sun, 09 Nov 2008 10:53:42 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=2799#comment-31087</guid>
		<description>I really don’t believe for one moment the solution lies with govt. For that idea to really take off, govt has to demonstrate they are able to successfully grow and run businesses themselves; but if you look at their track record, it’s abysmal. 

Take the ST for example, despite being a monopoly, you would have thought its impossible to lose a one horse race. Even so they managed to do the impossible – ST is languishing; and it owners seem stricken by an utter failure of entrepreneurial imagination needed to prosper in the electronic age - and you want to increase the price of the rag by a further 10 cents - I say, you go and die lah – you could just as well superimpose this on Science Park , Suzhou and probably a handful of govt initiatives that are really going around in circles – my point is; if you look to govt as the solution; you’re a dead ducky.

Having said what I think gahmen should really consider doing is releasing much needed capital to ordinary folk like myself who genuinely want to start businesses and be my own boss like Darkness. 

People like Darkness are not affected by this downturn. Infact, they&#039;re gobbling up businesses in the US and EU at rock bottom prices! 

I mean what’s the point of giving it to me, when I am 90 sitting in a wheelchair with tubes sticking out of my nose? I don’t need it then. I am young now and I am good to go; all I need is a tank of gas and off I go as I will be retrenched very soon. Besides, its my money, I worked for it – currently, my only option is the local Ah Long because banks themselves these days seem to be suffering from a credit squeeze. That’s no good.

Never mind, if it cuts to the marrow, I will go Dubai or Russia, but one thing is clear from this point onwards – I am not looking towards gahmen, if they don’t squeeze me more with dummy 22% electricity tariffs, that even agent Molder and Scully of X files cannot explain, I am happy already.

It’s everyman for himself. 

SD (Internet Liaison of the Brotherhood)</description>
		<content:encoded><![CDATA[<p>I really don’t believe for one moment the solution lies with govt. For that idea to really take off, govt has to demonstrate they are able to successfully grow and run businesses themselves; but if you look at their track record, it’s abysmal. </p>
<p>Take the ST for example, despite being a monopoly, you would have thought its impossible to lose a one horse race. Even so they managed to do the impossible – ST is languishing; and it owners seem stricken by an utter failure of entrepreneurial imagination needed to prosper in the electronic age &#8211; and you want to increase the price of the rag by a further 10 cents &#8211; I say, you go and die lah – you could just as well superimpose this on Science Park , Suzhou and probably a handful of govt initiatives that are really going around in circles – my point is; if you look to govt as the solution; you’re a dead ducky.</p>
<p>Having said what I think gahmen should really consider doing is releasing much needed capital to ordinary folk like myself who genuinely want to start businesses and be my own boss like Darkness. </p>
<p>People like Darkness are not affected by this downturn. Infact, they&#8217;re gobbling up businesses in the US and EU at rock bottom prices! </p>
<p>I mean what’s the point of giving it to me, when I am 90 sitting in a wheelchair with tubes sticking out of my nose? I don’t need it then. I am young now and I am good to go; all I need is a tank of gas and off I go as I will be retrenched very soon. Besides, its my money, I worked for it – currently, my only option is the local Ah Long because banks themselves these days seem to be suffering from a credit squeeze. That’s no good.</p>
<p>Never mind, if it cuts to the marrow, I will go Dubai or Russia, but one thing is clear from this point onwards – I am not looking towards gahmen, if they don’t squeeze me more with dummy 22% electricity tariffs, that even agent Molder and Scully of X files cannot explain, I am happy already.</p>
<p>It’s everyman for himself. </p>
<p>SD (Internet Liaison of the Brotherhood)</p>
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