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Tuesday, April 3, 2012

Paying road tax online

A simple matter of paying road tax online turns out to be a nightmare. Here is my story.

As instructed by the LTA renewal notice, I went to www.onemotoring.com.sg. I recalled that most government agencies required to use Internet Explorer, so I remembered to use it - although my default browser is Chrome.

I login to my Singpass and got nowhere, so wasted some time. I had to search the complicated website and after some time, managed to find the link to pay road tax. (I wonder why the notice did not ask me to go to the correct webpage and save me this search!)

I entered the vehicle number, owner NRIC number (got it wrong as I did not include the S earlier) and managed to go to the payment page. There was a message from Microsoft that a pop-up was blocked and it disappeared. As I am not familiar with IE, I had to search through the IE website to find out how to unblock this pop-up - and it took me some time.

I went back to re-enter the transaction and was told that it was blocked by another transaction and I had to wait for it to be completed.

I had past experience dealing with online websites of government agencies, and yet I still faced this type of difficulty, all the time. Now I remember, I forgot to bring my mobile phone to authenticate the credit card payment.

Our government agencies design complicated online processes that waste a lot of time on simple matters. I have given many feedback, but nobody bothers to fix it.


Trickle down economics

Singapore adopts the concept of "trickle down economics" which has lead to wide disparity in income distribution. President Obama explains why this type of economics has failed. http://money.cnn.com//2012/04/03/news/economy/obama-ryan-trickle-down/index.htm?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29

Do the right things and do them right

DPM Teo Chee Hean made this wonderful statement. Here is a response:
http://feedmetothefish.blogspot.com/2012/03/do-right-things-do-them-right.html

Monday, April 2, 2012

Legal action by regulators

I like the legal actions taken by US regulators against businesses that allegedly break the law. It is important for the regulator to look after the interest of the public. I wish that our regulators in Singapore will follow this good example:
http://money.cnn.com/2012/04/02/markets/royal-bank-canada-sued/index.htm?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29

Drop in home prices

In a downturn, home prices can fall by one-third. This has happened in America. It could happen in Singapore.
http://www.cnbc.com//id/46930173

Spirit and letter of the law

The law has to be enforced with discretion, so as to avoid damaging the lives of people who were not aware that they were breaking the law.
http://singaporemind.blogspot.com/2012/04/legal-plight-of-60-immoral-men.html

Subscribing to the K-REIT rights issue

I wish to share my personal experience of subscribing to the K REITS rights issue and the approach taken to analyze the share. This may be helpful when you have to consider other rights issue in the future. Go to www.fisca.sg