Some employers do not give their foreign maid a day off for fear that the maid may engage in promiscuous activity or mix with bad company and may esult in pregnancy or running away from home. This may result in the $5,000 bond being confiscated by the Ministry of Manpower.
The risk is quite small. If the maid gets pregnant, it will be discovered in the medical checkup. The employer can arrange to send the worker home.
Thursday, June 9, 2005
Sunday, June 5, 2005
Promote Car Pooling
In the United Kingdom, the authority found that there are too many cars on their motorways. They are implementing a system of car-sharing.
We have a similar situation in Singapore. When I attend a social function, eg wedding dinner, I usually find most people come alone in their cars. The car parks are full.
We should encourage people to car-pool. The guests can contact each other, and come in one car.
We tried to introduce an internet-based car pooling system previously. It did not work.
I like to try again. This time, we will use our call center. If anyone wants to car pool, they contact our call center (special number) and indicate their function. The call center should be able to locate another person who is attending the same function and get them to contact each other.
Let us give it a try.
We have a similar situation in Singapore. When I attend a social function, eg wedding dinner, I usually find most people come alone in their cars. The car parks are full.
We should encourage people to car-pool. The guests can contact each other, and come in one car.
We tried to introduce an internet-based car pooling system previously. It did not work.
I like to try again. This time, we will use our call center. If anyone wants to car pool, they contact our call center (special number) and indicate their function. The call center should be able to locate another person who is attending the same function and get them to contact each other.
Let us give it a try.
Saturday, June 4, 2005
Get Married Earlier
I have been encouraging our ladies to get married earlier, before they embark on a career. Most people disagree with me.
I was surprised to hear this story of someone who had actualy done so. Here is her story.
-------------------------------------------------
I MARRIED DURING UNIVERSITY
Marriage for the Singaporeans' ladies seems to be a secondary priority and late marriages and childbearing is most common in Singapore and many developed countries especially for the educated women.
I tend to differ. I believe that early marriage and child birth provides more benefits though the early years are are tougher with lesser income and stronger need for career building.
I married in my third year of University, and gave birth at the age of 24 and 26 years old. This is most rare as most of my friends only got married at the age of 30.
The decision was to settle early and have an "early" retirement from motherhood. Starting early mean that at the age of 40, the prime of my career and life, my 2 children are already teenager and babysitting is no longer required.
Furthermore, youth provides me with more energy to nurture and play with my children.
YO
I was surprised to hear this story of someone who had actualy done so. Here is her story.
-------------------------------------------------
I MARRIED DURING UNIVERSITY
Marriage for the Singaporeans' ladies seems to be a secondary priority and late marriages and childbearing is most common in Singapore and many developed countries especially for the educated women.
I tend to differ. I believe that early marriage and child birth provides more benefits though the early years are are tougher with lesser income and stronger need for career building.
I married in my third year of University, and gave birth at the age of 24 and 26 years old. This is most rare as most of my friends only got married at the age of 30.
The decision was to settle early and have an "early" retirement from motherhood. Starting early mean that at the age of 40, the prime of my career and life, my 2 children are already teenager and babysitting is no longer required.
Furthermore, youth provides me with more energy to nurture and play with my children.
YO
It is stealing
A sushi restaurant installed a system to charge a customer based on the sushi plate that is taken off the conveyor belt. This is captured through a RFID device placed on the plate.
A group of students discuss how to prevent customer from "beating the system" by taking the sushi from the plate, and leaving the plate on the conveyor belt. The system will not be able to detect that the sushi has been removed.
The solution is simple. Put up a sign that say, "Removing the sushi from the plate is considered as stealing".
We should know the difference between stealing and "beating the system".
A group of students discuss how to prevent customer from "beating the system" by taking the sushi from the plate, and leaving the plate on the conveyor belt. The system will not be able to detect that the sushi has been removed.
The solution is simple. Put up a sign that say, "Removing the sushi from the plate is considered as stealing".
We should know the difference between stealing and "beating the system".
Friday, May 27, 2005
Visit Batam for Tranquility
I attended a retreat at Batam View.
On my return, I waited at the ferry terminal. It was slow pace, tranquil and peaceful.
I enjoy the cool breeze, and the rustling of the leaves on the trees. A few people were at the terminal, including the employees and shop attendants. It was a calm.
I will like to visit again, especially during the weekdays, when there is no crowd.
On my return, I waited at the ferry terminal. It was slow pace, tranquil and peaceful.
I enjoy the cool breeze, and the rustling of the leaves on the trees. A few people were at the terminal, including the employees and shop attendants. It was a calm.
I will like to visit again, especially during the weekdays, when there is no crowd.
Financial Tips - do not roll over your credit card
Excessive spending on credit is the No 1 cause of bankrupcy in Singapore.
4 in 5 young people roll over their credits monthly, and pay interest of up to 24% per year. If late payment and other charges are added, they may be paying up to 30%.
For a credit of $5,000, the charges can be as high as $1,500.
There is a better way. Take a loan from the cash value of your policy, and pay interest at only 5.5% per year. You can save up to $1,200 on a credit of $5,000.
Call 6788 1122
4 in 5 young people roll over their credits monthly, and pay interest of up to 24% per year. If late payment and other charges are added, they may be paying up to 30%.
For a credit of $5,000, the charges can be as high as $1,500.
There is a better way. Take a loan from the cash value of your policy, and pay interest at only 5.5% per year. You can save up to $1,200 on a credit of $5,000.
Call 6788 1122
Tuesday, May 24, 2005
Lower Charge on our Investment Plan
The Straits Times printed a table to show the allocation on investment linked plans offered by various life insurers.
In the case of NTUC Income, our allocation is 85% for the first 3 years, and 100% thereafter. This means that the total charge is 45%. If you invest $1,200 per year, your total charge is $540. This goes to pay the insurance adviser and covers the expenses of issuing the policy.
Some other insurers have total charge of 100% to 150% of the premium. For an annual premium of $1,200, the charge is $1,200 to $1,800. This is much higher than NTUC Income.
Another difference is the spread on the investment. In NTUC Income's case, the spread is 3.5%. For most other insurers, the spread is 5%. A lower spread means that a larger proportion of the premium is invested.
In brief, the charges imposed by NTUC Income are quite modest. They are more than offset by the higher return earned from investing in our Combined Fund.
In the case of NTUC Income, our allocation is 85% for the first 3 years, and 100% thereafter. This means that the total charge is 45%. If you invest $1,200 per year, your total charge is $540. This goes to pay the insurance adviser and covers the expenses of issuing the policy.
Some other insurers have total charge of 100% to 150% of the premium. For an annual premium of $1,200, the charge is $1,200 to $1,800. This is much higher than NTUC Income.
Another difference is the spread on the investment. In NTUC Income's case, the spread is 3.5%. For most other insurers, the spread is 5%. A lower spread means that a larger proportion of the premium is invested.
In brief, the charges imposed by NTUC Income are quite modest. They are more than offset by the higher return earned from investing in our Combined Fund.
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