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Thursday, September 2, 2010

Focus on core services, SingPost

Letter published in St Times Online

I REFER to Monday's letter by Mr Andrew Soh ("SingPost should focus on core services") and regret to say that our postal service is going from good to bad.


Since I wrote about having to walk 800m and climb two overhead bridges to post a letter and to solve the mailing woes of condominium residents last year, SingPost removed that mailbox in River Valley Grove early this year for no apparent reason. 


Now I have to walk a longer distance to post a letter. I still believe that collecting and delivering ordinary mail from condo residents increases productivity.


The stated mission of SingPost on its website is to provide services for its customers through the most reliable and efficient domestic and global networks. I am not sure whether the move to withdraw delivery on Saturday, reducing the number of postboxes and offering declining quality services to customers work towards that mission.


 The latest financial report of SingPost revealed that despite its efforts to expand its retail and logistics service businesses to boost revenues, the return was about 45 per cent of its total revenues.


Would it be better if SingPost leaves the retail and logistic services to the respective key business players and focuses on improving its core services for customers?


Perhaps SingPost should ramp up its postal service operation to rival international competitors like DHL and Federal Express.


Paul Chan
http://www.straitstimes.com/STForum/OnlineStory/STIStory_574084.html

My view
It is better for some services to be considered as public services. I will be writing an article about the role of public services, the need to be efficient and operate on cost recovery basis.They should not be turned into profit oriented enterprises.


Advice to a college bound son

Read this letter from a parent, who is a financial planner.

My view
I hope that many young people will read this letter and follow the good tips.

Wednesday, September 1, 2010

Financial Crisis

Relevance of Tommy Wong’s book

Three years ago, the world plunged into the deepest financial crisis since the Great Depression of the 1930s. Will this kind of crisis happen again in the future? To be able to answer this question, you need to understand the mindset of the bankers. To this end, you are recommended to read the chapter “Conversation with Guru Dick” in Tommy Wong’s book “Wisdom on How to Live Life”. 

Wireless@SG

I have a lot of trouble in configuring my Android phone to use Wireless@SG. If you found it easy, please write to kinlian@gmail.com

Survey - National Day Rally Speech

The survey report has now been updated to show the views of 100 respondents. Go to www.tankinlian.com/information.aspx and search for "Rally"

MS SQL 2008

I need the assistance of an expert to configure MS SQL 2008. Please send e-mail to kinlian@gmail.com.

Singapore Index Fund

The Singapore Index Fund is invested to track the ST Index. This can be bought in SGX like an ETF. I was told that it can also be bought like a unit trust. The annual management fee for this fund is 0.55% (i.e. slightly higher than  0.3% for StateStreet and 0.28% for DBS). However, being a unit trust, it allows smaller quantities to be bought, instead of 1,000 units in an ETF. If you have personal experience in investing in this fund, please share it.