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Where were the parents?

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Maruah Singapore Debate
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Human rights organisation Maruah observed Children’s Day with a debate by school students on a provocative topic: Parents are subverting the development of their child’s potential. This was followed by a panel discussion. Educationist Mary George was one of the panellists. Here she talks about the students’ passion, the parents’ absence, the blame game and finally and where the grandparents’ fit in.
 
 
1. What were the highlights of last Saturday’s session?

The youthful passion with which the debaters spoke was the highlight for me.

2. There was hardly any parent present. Why was that so?

Saturday afternoons are precious. A parent who has nothing to do with either Maruah or the Debating Association would have many other attractive enough options, hopefully having fun with their kids. In which case, why would parents want to come to a debate with a motion that clearly singles them out in a negative way, referring to them as “the main culprits”?

Many parents are tired of being blamed for every other thing that goes wrong with children. I am concerned by the unprecedented level of parent bashing going on all around us. Even people with absolutely no professional grounding in child development take their shots at parents: anything seen as undesirable in a child is so quickly attributed to parenting styles, genes (from parents, of course) or a combination of both. With all that finger pointing in their direction, why would parents want to come, knowing that at least half the debate will be villianising them?

3. You are an educationist. Is it possible to see visible changes in the way our children are educated?

Every time I step into a school, I see wonderful changes that have already taken place. Enlightened ways of guiding and counselling students, far more hands-on activities, student-run events and student councils that do actually have a voice.

I see more than enough evidence that our children are being educated in warm and caring ways by teachers and school leaders. Unfortunately, we still hear occasional accounts of punitive practices. As in any profession, there are rogue teachers – human beings whom I suspect would have anger management issues or be bullies in whatever jobs they hold. It takes only a single teacher like that to strike enough fear in kids, making school a negative experience. That is the one change I would like to see – school leaders being alerted more quickly to rogue teachers’ actions so that they can be dealt with. These teachers give the teaching profession a bad name and that is unfortunate because I believe they really are a tiny minority.

4. Parents blame government, government blames parents. Who do the children blame?

Children are less prone to looking for targets to blame in the way we adults do. They may grumble but that tends to be not as deep rooted. Because younger children are more egocentric, some land up blaming themselves when they see parents or teachers getting upset.  Blame is appropriate when there is a wrongdoing. But, otherwise, it would be good to resist our inclinations to blame and instead work together – schools, families and the larger community – on addressing issues.

5. Where do the grandparents fit into this?

Grandparents are the one truly been-there-done-that group we have. I can see grandparents being amused by the debate’s motion because they know how much schools (and ways of parenting) have changed. Also, many of them are tickled by today’s superhuman expectations of parents. I would love to see the microphone being passed to grandparents. Wouldn’t it be fun to have them debate this motion? They would bring a degree of depth beyond the reach of children and even younger adults. And, because grandparents get to step out and look in, we would benefit so much from their wisdom… and humour.

Singapore's innovation trap

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By Thusitha de Silva

DBS.jpg
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When Morgan Stanley’s head of emerging market equities, Ruchir Sharma, recently excluded Singapore from his list of breakout emerging countries in the next decade, not many would have been surprised. His remarks were related to growth prospects of countries he singled out as breakout nations, including Asean neighbours Thailand and the Philippines. Singapore has moved beyond emerging market status and there are expectations that Singapore’s economic growth will not be able to match the consistently high rates prior to the advent of the global financial crisis in 2008.
Still,  Sharma articulated two points in particular that offered some food for thought for those who care about Singapore’s future. He was bullish on the growth prospects of South Korea, citing its innovative capabilities and ability to produce global brands—like Singapore, South Korea is not exactly an emerging country.  He also said that governments would do well to count the mounting costs of state capitalism and start cutting back the role of the state, and putting more of their state-owned companies in private hands.
For Singapore, these two points are arguably inter-related. It’s no secret that the state has an overwhelming influence on Singapore’s economy. You only have to look at a reliable proxy for Singapore’s broader economy like the Straits Times Index, which contains the largest home-grown  companies, to understand their wide reach. About half of the 30 companies in the benchmark index are linked to state-owned Temasek Holdings, including the likes of Singapore Airlines, DBS  and CapitaLand. Such companies tend to be among the bigger employers in Singapore, and this is even before we factor in the civil service as well as workers in government-linked bodies like the Land Transport Authority (LTA), the Housing and Development Board (HDB) and PUB.
Lack of excitement
With such a huge responsibility to the Singapore workforce, it would be reasonable to think that these entities should set trends in innovation, and to some extent they have.  For instance, CapitaMall introduced the first real estate investment trust (REIT) in Singapore in 2002, helping to create a new asset class for many investors, LTA was the driving force behind the Electronic Road Pricing (ERP) system, which was introduced in 1998, while the PUB can take credit for the development of NEWater.
Such organisations have been lauded for their excellence not only in Singapore but overseas too. But for many Singaporeans, such innovations don’t really set the pulse racing.  Despite Singapore’s heady economic development since independence, there has never been a Samsung or Hyundai. Perhaps Singapore Airlines has come closest to being a global brand, but it is facing increasing competition in its space and is not the world’s best airline any more.
It would appear that a key quality of a global brand is to have a sense of patriotism that makes you want to buy local products. Many global brands tend to be big in their home markets, too. In fact, they would need to become big in their local markets before they can venture abroad.  But even as they do so, there’s often still room to grow in their local markets.
This doesn’t tend to be the case for Singapore. Companies from the city-state venture overseas because there is a limit to Singapore’s capacity for their goods or services. So, the motivation to grow is somewhat different.  The city-state tempers this situation by always trying to identify new trends that it can leverage on–hence, the recent announcements by the government relating to 3D printing and space technology. However, any regional leadership in these areas from Singapore necessarily requires that there be bigger markets elsewhere for such things. Otherwise, it is unlikely to work out for the city-state.
With a small domestic market, it is hard to grow a global brand, but not impossible. For instance, Switzerland is famous worldwide for precision watches and chocolates–things that people can get passionate about. What’s stopping Singapore for creating something that stirs the passions?  Perhaps it has something to do with the heavy presence of the government in the local economy.
Innovation is hard, but it is likely even harder to legislate for innovation. In the meantime, one gets the feeling that innovation is not necessarily fun here as it has to be pursued with some concrete end-result within a specified time frame.  If an innovator’s passion is dictated by terms and conditions, that’s more than half the battle lost. Singaporeans are not dumb. They don’t wholeheartedly embrace anything that seems contrived or dishonest. There can be no short-cuts or innovation vouchers.
For it to work, innovation has to be lived, with no constraints.  The process may hurt, may be prolonged, but at the end of the day, it has to bring joy to a lot of people. Singaporeans have made Singapore rich enough to encourage such activity with no terms and conditions. Failure is an option. And if you must mention it, though it seems a bit tardy and petty to do so in this context, profits will certainly follow.

30 & Single: Haunted Memories of Materialism

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Ivan Seah shares with Elias Tan the traumatic experience of his previous relationship.

Here’s a question that is often asked of older people, but sometimes also of those barely starting out in life, including two of the youngest candidates at 2011 Singapore General Election: What is your biggest regret?

For 30-year-old hairdresser Ivan Seah, it was dating his former girlfriend. “She is materialistic and demanding,” sighs Ivan. “She berated me whenever she has the chance to, thinking she’s always right.

“Once, we were at a cafe together with friends; she indignantly chided me for shifting a lounge chair to our table.” All Ivan had planned to do was swap for comfortable seats. In return, he was yelled at by the person he loves. Yes it stings. But that did not stop him from loving her and pandering to her requests for expensive gifts – including an LV key pouch and Japanese labelled apparels – and posh restaurant meals.

As the relationship progressed, Ivan felt stifled under her thumb. Until the day she initiated a break up… “Freedom!” chimes Ivan. Finally free from his girlfriend’s clutches, Ivan was elated. “She wouldn’t allow me to break up with her, because in her context it’s not right.”

What about her? The materialistic girlfriend went off with a man who could afford her the lifestyle that she pined for.

Lesson learnt; do not shower a materialistic girlfriend with gifts, because she will never be satisfied. Especially when you cannot afford it with a salary of less than $2,000 per month.

material girl

‘Material girls’ are aplenty. And they give women a bad name. They aspire to be ‘tai-tais’ and would stop at nothing to achieve their aims of marrying a rich man. Some would even be contented to be a rich man’s mistress.

In a recent study that sought to measure materialism, conducted by Singapore Management University Professor Norman Li, Singapore women polled an average of 3.98 points, compared to their American sisters’ score of 3.74, with higher scores suggesting that a woman is more materialistic a woman. According to the survey, a man’s social status is the top criterion for Singapore women when it comes to looking for a potential spouse.

But then, are Singapore women materialistic, or just realistic? Given Singapore’s high cost of living, a couple will need a lot of money just to survive and raise a family, let alone lead an affluent lifestyle.

Moreover, with Singapore’s increasing life expectancy and low fertility rates, the proportion of residents aged 65 and above will continue to rise. A rising proportion of the elderly translates into higher socio-economic costs for all Singaporeans, regardless of stripes. As of 2011, the percentage of elderly residents in Singapore increased to 9.3 percent, up from 7.2 percent in 2000.

In short, Singapore’s cost of living is expected to keep rising. And women who want to afford an affluent lifestyle will have to rethink their decision.

***
Nowadays, Ivan looks forward to scouring the Internet for the latest hair and fashion trends, jamming with his band mates after work and going out with his new partner. If time permits, Ivan would step into the kitchen and whip up a tasty dish for his family. “I don’t cook for money, but for survival,” says Ivan.

Ivan says he is not planning on getting married anytime soon. “Probably when I’m nearing 40,” he says. Not unless he feels that he is financially stable.

“Singapore’s cost of living is very high; honestly, I would only feel safe and assured to settle down if I can bring home $5,000 – $6,000. Everything – from public transport to food – is pricey!”

“By the time my partner and I get married, we may have to settle for an adopted child,” Ivan adds. For unless he marries someone much younger, his wife then would be near the end of her child-bearing age. Child adoption for older couples is one way to salvage Singapore’s plunging birth rate.

This brings us to the point of whether or not the Singapore Government has done enough to help average Singaporeans tide over a turbulent economy, settle down and start a family. Tax relief schemes and bonus payoffs are helpful. But are they really taking effect? Apparently not, judging from birth statistics. The country’s birth rate hit a record low of 1.15 per woman in 2011. This is sharply lower than the replacement rate of 2.0 per woman.

Then again, it boils down to the type of lifestyle a family intends to lead. If you want your children to excel academically and enter University, you will have to set aside money for their higher education.

And how much would that be? From kindergarten to university, inclusive of home tuition fees that most parents feel their children need, it would add up to several hundred thousand dollars. Ivan would have to start saving. Now.

Should we be mainly Singaporean?

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By Tan Bah Bah
The subtext of that question are these points:
Should we not be more cosmopolitan?
Being regional has its limitations.
Being Singa-centric is even worse.
We have no choice – change or we stagnate.
Who is Singaporean and what is it?
New immigrants, new Singapore?
Fishing village, anyone?
imagesThe question in the headline posed by Mr Goh Chok Tong at a REACH Contributors’ Forum (the Government’s feedback unit) is odd. It is as if he suddenly feels that Singaporeans have to learn to live with people of races other than those they are familiar with and that they are too closeted in their outlook.
First point first. The business of race is something we need to talk about a bit more openly.
There is a school of thought that it is the Government which has, whether inadvertently or not, been responsible for the inability of many Singaporeans to see beyond their racial origins. Think CDAC, Sinda, Mendaki, SAP schools and a host of race-based institutions.
Years ago, during a live telecast of a select committee in session, Lee Kuan Yew found out to his surprise that an RSAF captain had no non-Chinese friends. The first PM asked: How come? The officer could not give an answer other than that it just happened.
Over-emphasis of Mandarin-speaking in later years did not help non-Chinese feel very comfortable about the direction of Singapore’s cultural makeup. I always thought that the policy-implementers had been more than a tad overzealous in pinyinising well-known street and place names. We lost Nee Soon to Yishun, nearly lost Raffles to a weird undecipherable concoction and lost Tekka for a number of years to Zhujiao before reverting to Tekka, much to the relief of many Singaporeans. I also noticed one famous MediaCorp star kept insisting in her interviews that she stayed in Zhenghua when many more Singaporeans knew her estate as Bukit Panjang.
A study on racial and religious harmony released in July by the Institute of Policy Studies showed that the majority of Singaporeans did not have a close friend of another race. Only about 45 per cent of respondents did.
This insensitivity to the existence of a real world – right here, right now – other than an artificial Middle Kingdom-centred one seven hours’ flight away from the authentic one in north-eastern Asia is going to be a big problem in the years to come.
This leads to the second point. With the rise of China, and a perception of more business opportunities presented by the world’s second largest economy, there would appear to be every reason to forget about everything else – and join the scramble.
But forget that it has been only 49 years since we could decide our own destiny? Forget that this country has been built by the sweat of local Chinese, Malays, Indians and Eurasians?
Forget that we have to be unique for us to find a place in the world? Who needs us if we are just a mini-China, especially when they can easily cut us out of the picture and deal directly with the mainland Chinese? For example, does Malaysia really need us at all? The country has 6.9 million Chinese, twice the number of Chinese in Singapore. Other countries in the region have their own Chinese connections – Indonesia, Thailand, Vietnam.
Much has been said about how Deng Xiaoping was so stunned by the success of Singapore when he was here in 1978 that he was went back to China determined to open up the country and use it as a model for Beijing’s journey back to the open market world.
It must be pointed out that the Singapore he saw and was impressed with was built by, to repeat what I said, the sweat of local Chinese, Malays, Indians and Eurasians.
The issue is not whether we should have our feet planted in this region before we fly all over. We have to. It is non-negotiable. We are what we are. And this is our first natural hinterland – our geographical and cultural reality from which any other expectation can only be an illusion.
Ironically, it was the first-generation PAP leaders who saw strength in Singapore’s racial composition and sought to maintain that mix when they embarked on the public housing programme. They also saw that a strong command of English gave us an edge over other countries in an English-dominated inter-connected world.
Become a totally sinicised society and we are of no use to anyone.
Mr Goh Chok Tong also asked: “Should we be a global city? Or should we be a regional centre?” We should be both.
The most important thing is that we be ourselves even as we strive to be relevant. Yes, we can live with that – being mainly Singaporean. It has worked well so far.

The downside to zero tolerance

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By Augustine Low

Boston.com Photo Fukushima Shelter

Customers pay good money for good service. Does that mean there should be zero tolerance for anything gone wrong, even through unforeseen circumstance or honest mistake?

Take the recent SingTel fire which left customers without broadband, phone and pay TV services. The reaction was all too familiar – annoyance, then frustration and anger, followed by: I Want Compensation! And after compensation is announced: I Want More!

As Singapore grows more affluent, more mature, it is ironic that we could have a tendency to become more intolerant, more opportunistic. This leaves little room to take stock, to seek to understand rather than let the instinct of confronting and condemning kick in.

It’s interesting that corporations affected by the SingTel episode have reportedly said they are not seeking compensation. Perhaps they know what it’s like to be at the receiving end of an unforgiving public.

Of course, it cuts both ways. Corporations are also guilty of adopting a zero tolerance policy and turning a blind eye to reasonable customer requests. Inflexibility becomes the rule of thumb. But that’s another story, for another time.

I recall the parent (as told by a colleague) who marched to the principal’s office to kick up a big fuss, on discovering that the teacher had erred in deducting an additional mark off her daughter’s test paper.

I fear we are teaching our kids that every wrong, every mistake – no matter how small, how honest – must be punished. We may even go so far as to encourage milking a situation for what it’s worth, of exacting maximum mileage out of someone’s mistake or misfortune.

Earlier this year, McDonald’s held a Hello Kitty promotion which went awry. There was rampant queue jumping and when stocks ran out, tempers flared. Police had to be called in.

Contrast this to a video clip I saw two years ago but which remains etched in my mind. This was the aftermath of the Fukushima earthquake and tsunami when food supplies ran out and people had to queue for basic necessities at public distribution centres.

A Japanese man, after queuing for many hours, was told that there was nothing left for him. He bowed and walked off. No questions asked, no hue and cry.

He bowed, I think, to show his acceptance and understanding that people were doing their best under very trying conditions, and that no one was to blame.

Will we ever attain such a level of graciousness?

If we get all worked up over Hello Kitty, test paper and broadband service, how would we react on an empty stomach, in times of crisis?

Augustine Low is a communications strategist.

I love Geylang… and it has nothing to do with sex

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By Tang Li
Geylang Lorong 24 road signI know it’s not politically correct to admit it … but I love Geylang, Singapore’s red-light district. Geylang stands out as an example of how to contain and control the worst in human kind into a workable system. What’s more remarkable about Geylang is the fact that it exists and flourishes in a country that once banned tourists with long hair.
Geylang owes its existence to Singapore’s founding Prime Minister, Mr Lee Kuan Yew. In his biography, From Third World to First, Mr Lee stated quite clearly that trying to eradicate the business would be futile and it was better to have the business out in the open where the state could manage it. This has allowed Singapore to contain the vice trade in a manner that was best described by a friend as being “keeping the unclean things clean”.
What makes Geylang work? Well, for a start, it could be the fact that everyone in the system seems to know the basic rules. As long as the basic rules are maintained, everyone is allowed to do business as usual.
There is a police presence in Geylang. Visit the area on any given night and one will inevitably find a police van parked in one corner and one will also see a couple of policemen walking or driving around. Plainclothes policemen from the anti-vice department are also known to mingle around the area once in a while.
Whenever the police are there, the operators of illegal gambling tables and DVD salesmen make themselves scarce. The girls who normally ply their trade on the streets sit by the coffee shop until the police walk away.
The basic rule in Geylang is that disputes must be resolved without violence. Violence brings in the police and that’s bad for everyone’s business.
Geylang womenThe second rule that’s kept Geylang going is the fact that prostitution is not illegal in Singapore. As long as a woman is of an age where she can provide consent, there’s nothing to stop her from working as a prostitute. Theoretically this means that prostitutes and those who deal with prostitutes are governed by the same laws as everyone else. Unlike the situation in many American cities, prostitutes are not placed in a situation where they are fearful of going to the law if they need to.
Other than these two facts, people are allowed to do what they want to do. While sex and gambling are the main pillars,  Geylang is an entrepreneurial hive. The place is filled with small shops that support the needs of the residents.
Food stalls are prominent. Connoisseurs in search of hawker food can look forward to Geylang’s beef kway teow and bean curd.
Geylang is also filled with places where one can pick up good deals on computers and phones.
Those who visit Geylang are mainly foreigners. They need to stay in touch with friends and family back home. Shops to provide them with everything from phones, tablets, phone cards to cheap phone calls have sprung up.
What I have said here is just a teaser. Many more activities go on there. It deserves a deeper study that can include entrepreneurship, survival instincts, foodie haunts and, of course, how Singapore has managed to control the area with that famous light touch.

NGOs Part 3: PAP MP responds

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By Zach Isaiah Chiah

Dr Chia Shi-Lu
Dr Chia Shi-Lu

In our series, we looked at the work of  non-government organisations from different angles. PAP MP Dr Chia Shi-Lu, who is involved in My Community which was responsible for getting the government to preserve three sites in Queenstown — Alexandra Hospital, Commonwealth Avenue Wet Market and Queenstown Public Library — talks to The Independent Singapore .
The success in preserving the three sites was due to an alignment of thinking from the beginning, said Dr Chia
He said the My Community group “had been very successful in helping to rationalise and crystallise ground support to the end”.
Dr Chia did not want to be drawn into commenting on whether some NGOs were more successful than others because there were too many factors involved. However, he said, it “depends on the readiness and inclination on both sides to engage and collaborate”.
 
Queenstown Community Library
Queenstown Community Library

Engagement and collaboration are dependent on communication and how the other party views the communication. “In the Singapore context a slightly more considered approach tends to work better, perhaps because when the noises are too loud it may affect credibility”.
“I would imagine that in Western societies brash approaches are more acceptable and perhaps even admired.”
When asked if there were any NGOs or interest groups that stood out as having successfully convinced the government to change its views, Dr Chia replied that many instances in healthcare and housing have been cited as cases where interest groups have been deemed to have exerted “some influence”, although the veracity of the claim is difficult to determine.
“It is probable that in many cases the thinking has been aligned from the beginning.”
What if the objectives differ?
In a previous article, it was noted that political considerations were an important factor. Where political risks loom, objectives begin to differ. John Gee, immediate past president of Transient Workers Count Too (TWC2), argued that politically uncomfortable issues like transient workers found it harder to obtain support from the government.
Dr Chia agreed, “Often these are sensitive matters.”
He added that, when a cause was just, the government would engage on such matters but would take, “particular care with messaging and explaining the thinking behind any such move.” Dr Chia did not elaborate on what was a just cause.
One area where a just cause is probably apparent is charity.
“VWOs though do have a strong influence in shaping social policies, and indeed the relevant Ministries in Singapore actively and frequently seek their input.”
Dr Chia said “a wise government is governed by the people for the people”. It is for this reason that, “public sentiment and sensibilities should always be a key consideration in policy making.”
In his view, much progress has been made regarding government working with NGOs and interest groups, although more can be done. To NGOs and interest groups, he has the following to say, “open all channels of communication, remain open [and stay] collaborative.”
Just as Terence Chong of the Singapore Heritage Society was positive about working with the government, Dr Chia too is optimistic about the present, “the climate is certainly encouraging”.
 NGOs: Why some succeed, some don’t
NGO-government relations: The art of the possible

Smiles betray young entrepreneurs' trials and tears

By Shaun Poon
They had an idea, got funding from government…but then there were other obstacles. They want to do something on their own but at the time have this sense of duty to their parents.
The recent highlighting of hate-reading and envy online has thrown the spotlight on the negative aspects of social networks like Facebook. Scott Ng, 26 and Eve Law, 23, are two app developers with an idea to improve social networking by instead encouraging people to look forward through desires which hopefully lead to physical meetings and fulfilment.
Eve and Scott left their jobs in UBS and EarlyBridge (a boutique consultancy) respectively to start their own company and develop FlashWants, a social networking service that they work on 15 hours a day, seven days a week. They have one other partner, a childhood friend of Eve’s. While each one is living off $400 of their savings a month, their decision to quit promising careers worries their parents.
“It’s not easy because the older generation always thinks you need to graduate, you need to find a job, and stuff like that. That kind of pressure is something is that we have learnt to face,” says Scott. “Especially for typical Asian parents,” adds Eve.
For Scott, there is a sense of duty to support his parents as the child who showed the most capability. His parents run a business in the shrinking textile trade at People’s Park. The couple’s tear ducts betray them as the conversation turns to how their parents support them.
“What’s more, as a son I feel that I need to give my parents a comfortable life,” Scott blurts through an audibly cracking voice. “There are two things to balance. On one hand, it’s a responsibility as a son. On the other hand, it’s about pursuing something that you really want to do. It’s difficult,” he says haltingly, struggling to keep his voice composed.

Scott and Eve in their office space provided by SMU's Institute of Innovation & Entrepreneurship
Scott and Eve in their office space provided by SMU’s Institute of Innovation & Entrepreneurship

When he’s more composed, he tells me that the takeaway prawn noodles sitting conspicuously on the otherwise spartan cubicle table are bought by his parents who often buy breakfast and dinner for them. “They do buy me breakfast every day, for which I am really grateful,” he says. “It saves a lot of money,” Eve adds.
Coming from a big family of four children, Scott lived mostly with his nanny from infancy till nursery age. “My parents wanted me to be independent… but on the other hand they are a very traditional and strict family, they are always setting parameters,” he mentions. He took public transport alone from primary three, and was the only child in the family to enter a university.
“They put a lot of hopes on me, inevitably it puts a lot of stress, I feel like I have a responsibility to help out with the family, as the one supposed to be most educated and with a proper job,” Scott says.
Eve’s parents help the venture by recommending the app to their hair salon’s customers, gathering feedback from them and arranging for Eve’s sister to help out every now and then. “On and off my mom would ask me if I had enough money, and she would try to get some funding, but I would not accept,” Eve says.
In contrast to Scott, Eve says that she has “the hip parents”, with the small age gap helping her parents to relate to her. “My parents really trust me with the choices I make. Since young my mother kept telling me ‘I will give you the freedom to make choices but you have to make the right choices, or in future you won’t have the freedom’,” she recalls.
From a young age, Eve’s parents have largely allowed her run her own life, such as organising a class chalet without parental supervision when in primary six and allowing her to stay in school late into the night for preparations and rehearsals for her stage performances for Chinese Drama. “They’ve been very supportive of whatever things I want to do,” she adds.
“A big influence on me from young was my dad. When I was a child, we would sit around the kitchen table with a drawing block and he would start teaching me step-by-step,” she explains. “That helped me love art,” she adds. Her fondness for art continued into primary school where she would enter art competitions with childhood friend Lee Xiang Rui, who is also the third collaborator in their company. She was also passionate about acting and Chinese drama in secondary school and junior college.
Eve says that her father had initially wanted her to go into the finance sector, which is why she went into her Economics programme in Singapore Management University. It was during an entrepreneurship module that she met Scott.
Pulling through the initial shock from friends and family, Scott and Eve are determined to launch their app for Apple mobile devices soon. “We decided to take a leap of faith…the next moment Google might be doing something that is in your space,” Eve explains.
For the moment, they lead lives of prudence. Their most recent extravagance: $10 set meals from Japanese restaurant Itacho, bought a week ago. The company recently received $20,000, part of a $50,000 grant from the Action Community for Entrepreneurship. “It isn’t a lot, because we have to build the prototype and we have to feed ourselves,” Eve says.
Although they are not drawing the high salary that each one had at their previous jobs, Scott brushes this off as “life (now is) even better”. “Our parents are thrifty people, who didn’t spend on luxury or branded goods, so to us, we are living fine,” Eve adds.
However, Eve and Scott have not used their grant money to reimburse themselves for the development and company incorporation expenses. Eve says: “The bank has this minimum..” and Scott finishes: “balance that you have to maintain, which is annoying.”. They need a substantial amount in the account to avoid a minimum balance fee, while still holding enough to fund future marketing plans.
The couple intend to get married, but are wary of the costs and challenges in running a startup. They say that they have put the rest of their lives on hold by about three to five years, and given up the comfortable life of a stable job. “For us we wanted to start (a family) early,” Scott relates.
Their advice to other young trailblazers: think clearly about how you want to change things or improves people’s lives, and ask yourself whether you have the tenacity to forego some of the things you have, then go ahead. “Because we are at these stages of our life where we have no commitment, this is the best time for us to try out,” Eve says.

FlashWants

FlashWants
FlashWants

FlashWants is a free app to broadcast your wants and make them happen, now available for iOS devices only, to launch late October this year. FlashWants is niche in its approach of connecting people, by being focused on wants. Every time you have a Want, you can broadcast it out to your friends through FlashWants. It allows you to choose a tempting photo from a community-curated imagebank that best describes your Wants. FlashWants helps you to learn about a hidden side of your friends and feel connected when your friends say “I want it too!”, and also sense the jealousy when you satisfy your Want. The more you talk about your Want, the more likely it is to happen.

Media watches everybody, but who watches media?

By Abhijit Nag
News Centre, SPHThese are exciting times for American journalism.  Jeff Bezos the Amazon man bought the Washington Post for US$250 million in August and wrote in a letter to the staff: “The paper’s duty will remain to its readers and not to the private interests of its owners. We will continue to follow the truth wherever it leads, and we’ll work hard not to make mistakes.”
Now Pierre Omidyar the eBay founder is about to launch an investigative journalism website with Glenn Greenwald, the reporter who  got the scoop from former National Security Agency contractor Edward Snowden about American and British domestic spying.
Something big happened in the Singapore media too. Singapore Press Holdings’ net profit attributable to shareholders shot up by $209 million and then dropped by 143.8 million. Did you notice that?
The Straits Times reported on October 12 that SPH net profit for the 2013 financial year ended August 31 fell by 25 per cent to $431 million, “mainly due to the adoption of a different accounting policy”. The report added: “With the establishment of the SPH Reit, the group changed its accounting policy for investment properties from cost to a fair-value basis.
“As a result, SPH posted a fair-value gain of $111.4 million from its investment properties for the year ended August 31, down 43.9 per cent from the year before.”
Put simply, SPH restated the account for the financial year 2012 after listing its property arm, SPH Reit, on the Singapore Exchange (SGX) mainboard.
If you check the SPH annual report for 2012, you will see the net profit attributable to shareholders was $365.5 million, 5.9 per cent lower than the previous financial year.
But using the new accounting policy, SPH restated the 2012 net profit attributable to shareholders as $574.7 million, a $209 million jump from the original figure.
Since the 2013 net profit attributable to shareholders is $431 million, it’s a 25 per cent drop from the revised 2012 figure.  Got it?
The news was reported by other local media like any other story, as if such $200 million account restatements happened every day.
SPH net profits attributable to shareholders have been restated before, but not on such a scale in recent years.
This correspondent is not questioning the figures. But while the media here reports the news, who is keeping an eye on the media? Apart from the government, that is?
There are no websites here like Romanesko and Mediagazer which cover British and American media. The government-owned MediaCorp is pretty much a closed book, answerable to no shareholders, and SPH is raking in a fortune, thank you. It’s more profitable than SIA. On $15 billion in revenue, SIA reported a net profit of $379 million in 2012-13.
SPH on the other hand reported a net profit of $431 million on an operating revenue of just $1.2 billion.
Cash cows seldom come fatter than this.

SPH net profits 2000-2013.
SPH net profits 2000-2013. Source: SPH group financial highlights. 2012 figure restated; originally $365.5 million

This is not envy speaking. No newspaper covers Singapore in greater detail than The Straits Times. And it costs just 90 cents except on Saturdays, when it may run to more than 200 pages for a dollar.
Jeff Bezos, who bought the Washington Post, said printed newspapers might become a luxury item some day.
That’s not likely to happen here any time soon, considering the profits still being made. Not that the cash cow isn’t getting leaner. The SPH press release for the financial year 2013 says: “Revenue for the Newspaper and Magazine business fell $40 million (3.9 per cent ) to $991.2 million. This was attributable to declines in advertisement revenue ($31.7 million or 4 per cent) and circulation revenue ($7.2 million or 3.6 per cent). “
MediaCorp has also seen profits fall. Today reports:  “MediaCorp has posted a 42.1 per cent decline in operating profit for the year ended March, partly because of a weak advertising market and investments in new product lines. Operating profit fell to $25.7 million from $44.4 million a year earlier. Group revenue fell 1.3 per cent to S$621.3 million.Net profit before tax was $55.7 million, including a gain on disposal of investment of $28.6 million.”
The cash cows – for that’s what both are – are eyeing new pastures. SPH will be setting up a $100 million New Media Fund and has engaged a strategy consultant to find new wheezes to make money and cut costs. That’s something to look forward to as long as there are no staff cuts at such a profitable company.

One solution to HDB crunch

By Vignesh Louis Naidu
HDB flats for rentShould people be allowed to rent out their HDB flats? They were meant to be their homes, not units to let.
The Housing and Development Board (HDB) was established in 1960 to provide low-cost housing for the masses and solve Singapore’s housing shortage. In 1964 the home ownership scheme was launched to give Singaporeans the opportunity to own an asset in their country. Today the HDB has evolved. It does not simply provide low-cost housing but also aims to cater to the aspirational desires of a more affluent population. Along the way, however, people have put their flats to other uses.
A quick search of rental HDB properties in propertyguru.com yields over 20,000 results. These results would obviously include HDB shophouses and individual rooms available for rent. However, there is a very large number of complete HDB units available for rent.
Why are there so many privately-owned units available for rent?
Allowing owners to rent out complete units transforms these apartments from homes to investment vehicles. This would certainly have an effect on sale prices. Sellers would factor in the potential rental yield into their asking price.
Preventing HDB flats from being rented out is not feasible. There needs to exist a pool of HDB flats over and above the low-cost rental units offered directly from the HDB. Rental units are needed by foreigners coming here to work, families who are in between homes and those still saving up to purchase one.
If the rental market is driven by private investors and homeowners, what is the implication on sale prices? The prices of new flat prices are not only determined by the construction cost but also affected by the prices of resale flats within the estate. Resale prices have in recent years shot up, leading to discontent and unhappiness in certain segments of society. The government has implemented various cooling measures to  lower the prices of resale flats while increasing the number of new launches to meet the high demand.
When we allow a person to turn a subsidized home into an investment vehicle, we may be losing sight of our founding leaders’ noble motivation, to ensure that all Singaporeans could afford their own home.
In my opinion, only the HDB, should be allowed to rent out HDB flats. A family which no longer wishes to live in its HDB flat could try to sell it on the open market. If the flat remains unsold after a certain time,  the HDB would offer to buy it back at its valuation price. The HDB could then keep the flat within its existing pool and rent it out.
The HDB should also construct more rental flats. Instead of providing only low-cost and two-room flats, it should also offer three-, four- and five-room flats for rent.
My proposal does not take into account the subletting of rooms within a flat, which would require a more nuanced approach.
Singaporeans should be able to earn an income from property investments but these investments should not be subsidized HDB flats. The HDB was created to provide affordable quality housing and this aim should not be forgotten.
Vignesh Louis is a young and passionate Singaporean who recently completed the Master of Public Policy course at the Lee Kuan Yew School of Public Policy.