If I’m the lorry driver (delivering) goods to your house, and you ask me how come the (price for) a bag of rice has doubled, I can’t explain to you.
Sing Power chief financial officer Yap Chee Keong, on why electricity tariffs were raised by almost 22% recently
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50) Ahgong on November 3rd, 2008 12.10 am
The reason is very simple, yet the politics behind posed a huge pressure on this high profile CFO. He simply can’t spelled out the actual reason.
He has a gun on his head, if he tell the truth, they pull the trigger!
Too bad, for that kind of salary, one have to face the devil and the deep blue sea at the same time. This is the power of $$$
This Yap bloke sounds like one of those eunuchs put in place by the PAP system.
Remember Lim S S ? Notice they all behave the same and sound alike.
Yap is actually telling the public that his job is essentially about delivering electricity to households similar to a lorry driver delivering goods to your house and he has actually done his job.
So don’t ask him why there is a huge increase in cost, he is clueless.
Just be thankful we have electricity in our homes and long live the emperor and his eunuchs !
can we ask for his resignation? Why r we paying a CEO top-management salary when he cant provide us wif a’ sound’ explanation on what’s gg on in his company!!!!
anyone here feel a need to start a petition or go hong lim to protest abt the elctricity bills n this comment made by CEO Yap??
opps correction its CFO Yap.
ermm….paiseh, need to clarify what i meant,
I meant I think only 90% of all sg zens dare to comment
on this topic or have accessed this blog or are IT savvy or know how to express their opinion.
I do not think THERE IS ANYTHING WE CAN DO ABOUT IT.
here’s how i get to know this answer:
1. historical evidence and record of the last decades.
2. we are who we are, not any other.
the end.
Same sentiments as 58. Even if they charge a 1000% increase, we can’t do anything except buy a plane ticket out.
pls give mr yap a break…
he’s juz a cfo earning his living…
he really doesnt know a thing…
Honestly Mr. Yap was just trying to put things across in a simpler way for the community to understand. There’d probably be more complaints if he launched into jargons. That comment made by him may have been insensitive, but it makes sense. Every company is regulated by the government and there are rules that a company must always comply and this consists of necessary regulation of information. Self-claimed accountants and ex-CFOs should recognize this fact.
People call us a complaining society. You can choose to be sarcastic, think of brilliant ways to fuel the situation, claim that you can do a much better job, but curiously no one has suggested objective ways to handle the situation. The economy has always been worked largely by an invisible hand. It is unfair to attribute that to a man. It is myopic to think that you could’ve handled the situation better, simply because you don’t know the situation.
It’s not like you can’t complain. But complaints can be objective. When the economy is fine, there aren’t comments here praising those behind it, because when things are good, cynics don’t usually attribute that to hardworking individuals. They attribute that to the invisible hand of the economy. But when things are bad, people somehow must find someone tangible to blame, instead of really helping the situation.
“You can choose to be sarcastic, think of brilliant ways to fuel the situation, claim that you can do a much better job, but curiously no one has suggested objective ways to handle the situation.”
How to if you are not voted in so that it can be translated into more effective parliamentary action. You think that without looking in details about the whole cost & operational process you can come out with “suggested objective ways to handle the situation.”
If you do not like a movie, you will complain about a movie and I hope that you will not be called to come with “objective ways to handle the situation” by showing how to make a good movie. Complains are always objective as far as the complainant is concerned. If it is not objective, he won’t be doing it.
Any example of someone claiming that he can do a much better job. Not claiming, just saying simple thing like “the cost is high”.
Honestly Mr. Yap was just trying to put things across in a simpler way for the community to understand.
My foot! Did you read the ST article on this? Why did Yapity Yap came out all of a sudden to defend SP in the price hike? He said it was because he was fed up that SP was being blame for the price hike and and he needed to set the records straight.
He then went on to blame EMA and cried like a baby that it was beyond him or SP for the price hike.
He then made this stupid statement of a $423M lorry driver.
Please, don’t gloss it with your sweet tongue.
So many complaints to him, and he is still not doing his job to find out and tell us the reason.
Man… wouldn’t you want to be in his seat! Paid a CFO salary, and still not know how the money is spent, how the money is made and why expenses and income is appearing on his balance sheets!
BEST JOB in the world!
In Australia the ACCC is involved for any price escalation. This is to ensure that all the gencos are not making unreasonable profits at the expense of the consumers as the service is essential and you cannot turn to any other source. How comes are we paying top salaries for their “world class” talents cannot see that there is a need for such organisation to look after consumers interest. It is no wonder, Singapore is getting more costly in doing business and living. The policies so far that the government can think off is to cut salaries by importing cheap labour to mitigate cost increase. Can’t you see that many little increase in costs add to a large amount. From many rivulets, a mighty river is formed. Has the high pays of those formulating policies make them insensitives to the “smart change” increases in many areas?