Comments on: Electricity cost rise? I can’t explain to you.

By: WT

WT — Mon, 12 Oct 2009 06:46:58 +0000

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?

By: PMET

PMET — Mon, 12 Oct 2009 06:02:27 +0000

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!

By: gemami

gemami — Sat, 08 Nov 2008 10:44:24 +0000

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.

By: K

Sat, 08 Nov 2008 08:51:07 +0000

“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”.

By: J

Sat, 08 Nov 2008 08:17:09 +0000

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.

By: iDontKnow

iDontKnow — Tue, 04 Nov 2008 14:55:03 +0000

pls give mr yap a break…

he’s juz a cfo earning his living…

he really doesnt know a thing…

By: Parka

Parka — Mon, 03 Nov 2008 11:00:15 +0000

Same sentiments as 58. Even if they charge a 1000% increase, we can’t do anything except buy a plane ticket out.

By: Is there anything we can do?

Is there anything we can do? — Sun, 02 Nov 2008 23:43:39 +0000

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.

By: 10% only 10%

10% only 10% — Sun, 02 Nov 2008 23:40:50 +0000

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.

By: zj

zj — Sun, 02 Nov 2008 17:46:41 +0000

opps correction its CFO Yap.

By: zj

zj — Sun, 02 Nov 2008 17:45:49 +0000

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??

By: bola bersah

bola bersah — Sun, 02 Nov 2008 17:24:15 +0000

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 !

By: tiredsingaporean

tiredsingaporean — Sun, 02 Nov 2008 16:16:38 +0000

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 $$$

By: tiredsingaporean

tiredsingaporean — Sun, 02 Nov 2008 16:14:42 +0000

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!

By: tiredsingaporean

tiredsingaporean — Sun, 02 Nov 2008 16:10:26 +0000

49) Daniel on November 2nd, 2008 11.43 pm I can’t imagine all these world-class expensive clowns can only come from Singapore. World-class answer from these clowns that you can do nothing but shake your head and move on. From PM, ministers, old fart, SM, gahmen…. Well , and I thought Qing dynasty is worse

No no Qing dynasty. . . . its a new one now call leenasty!

By: Ahgong

Ahgong — Sun, 02 Nov 2008 16:10:16 +0000

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.

SingPower wasn’t the authority to set the prices, EMA( and who is behind EMA ?) is.

The price increment is to assure the private power companies that their investment remains profitable. By doing this, Temasek holding will be able to auction off their power plants asset. Simple as that.

By: Daniel

Daniel — Sun, 02 Nov 2008 15:43:18 +0000

I can’t imagine all these world-class expensive clowns can only come from Singapore. World-class answer from these clowns that you can do nothing but shake your head and move on. From PM, ministers, old fart, SM, gahmen…. Well , and I thought Qing dynasty is worse.

By: CFO of SP - "can't explain to you"

CFO of SP - "can't explain to you" — Sun, 02 Nov 2008 15:33:25 +0000

http://www.actewagl.com.au/about/company/board.aspx
Mr Yap Chee Keong, Chief Financial Officer of Singapore Power, is responsible for providing financial strategy and leadership throughout the SP Group. This includes overseeing the corporate finance, treasury, financial management, tax planning and risk management functions. He is also responsible for corporate planning, strategic investments and value creation. Prior to joining SP, Mr Yap worked with several multinational, listed and private companies as Chief Financial Officer and in other senior management positions. Mr Yap has a Bachelor of Accountancy degree from the National University of Singapore and is a Fellow of the Institute of Certified Public Accountants of Singapore.

Impressive……but sorry….he “can’t explain to you”,,,,,,sigh….

By: foreign talent to be

foreign talent to be — Sun, 02 Nov 2008 15:32:16 +0000

mr yap,

1) i presume r singaporean

no wonder we need more foreign talents in singapore! this is a great insult & disgrace to our a/ctg profession.

our ‘beloved’ so-called 1st clas govt is damn bloody right…….with people like mr yap around, we really need more foreign talents,,,,,,

so we should also stop paying so much for your 1st class education system…..

2) but if u r ‘foreign talent’, then u should fxxx spider & go back to your hometown to learn how to be a book-keeper

By: EzMoney Always

EzMoney Always — Sun, 02 Nov 2008 15:20:16 +0000

Dun knoe if the Transport Company also invested any of their funds in Layman Bros or any failed investments .

To re-coup the losses, they give splendid explanations thru CFO. What’s the rational to make Singaporeans poor.