Thursday, April 24, 2025
27.6 C
Singapore
Home Blog Page 5221

An entrepreneur is born… not in Singapore

By Janice Seah Teo
Perth

janiceSeahwithub (500x375)

Not in a million years when I lived in Singapore did I ever think my husband and I would ‘go into business’.

Risk adverse and short on liquid cash, we just lived as the majority of Singaporeans with good, secure jobs did – safely and comfortably. The last thing we wanted were sleepless nights worrying about paying off a business loan and the fear of bad times or a falling bottom line. Who needed the stress? Honestly.

As far as we were concerned, going into business was the territory of the well-connected, the well-heeled or the scions of industry.

No, we were happy in our jobs and the pat Singapore formula of getting a good education, a good job, a house and then falling back on our CPF in our old age. The formula suited us just fine.

And then we moved to Perth in 1993. Our CPF joined us a few years later and suddenly everything changed. We bought a house and then realized that we had better do something with what remained of our modest nest egg to make sure our retirement nest was well-feathered.

Because if there was one thing the Singapore government had drilled into us, it was that nobody is going to take care of you so you’d better make sure you can take care of yourself.

So, because the need to grow our resources out-ranked every other consideration and fear, we ventured into the all-new world of being our own bosses. Which is just another way of saying let’s see how much pain and torture we can inflict on ourselves before we take a dive, head-first, out of said nest. (No, it wasn’t as bad as that. Not always anyway).

What I found out, as I was writing this article, was that it wasn’t just level-headed, steely-eyed pragmatism that steered our ship; it turns out that buried deep in my husband’s mind was something he remembered Lee Kuan Yew saying sometime, somewhere:

Apparently, Mr Lee said something to the effect that “A man should have his own business, or at least consider going into business, by the time he’s 40.”

Those words struck a chord with my husband and, incubated by time and circumstance, came back to him in full-grown inspiration years later.

We began with a little pet care and grooming franchise and worked that for two years – he with a van and an incredible capacity for hard work, me with the housework, a two-month old baby and a six-year-old son.

I handled the accounts and the bookings, he got on with the job. It was tough work but manageable and we learned quite a few valuable lessons about Australia’s tax system and many invaluable lessons about Australians.

Tired of that after two years, we began hunting around for something bigger to do and considered buying property, but then an opportunity to invest with some partners – some Australian, some Singaporean and Malaysian – in a bottled water company and build it from the ground up came along and we took it.

Thus began 10 years of extremely challenging but rewarding work and experiences we would never otherwise have had – cold-calling and door-knocking for new customers; managing staff (a headache-and-a-half in Australia where wages are high and workers not always reliable) and equipment.

What was it like being a Singaporean doing business in Australia? It was quite an attitude shift in some areas – Australians are an egalitarian lot and prefer the matey approach to bosses than the traditional Singapore position of subordinate. Aloof bosses are not popular; bosses who roll up their sleeves and get into the trenches are.

Contrary to perhaps what many Singaporeans may think, we never had an issue with racism.

Neither did we find the average Australian petty – those who came into the shop to buy bottles of water would just take the bottle closest to them.

Many Asians, on the other hand, scrutinized – with narrowed eyes for that extra bit of precision – the level of water in each bottle and insist on buying the one with just that little bit more.

My husband worked there for the next 10 years and had the satisfaction of seeing the company go national and then public.

As husband and wife, we grew much in our relationship. We celebrated every victory together, supported each other through the tough times – and developed a depth of admiration and trust for each other that nourishes us to this day.

Would we have ever gone into business in Singapore? I don’t think so. Some are born to become entrepreneurs and businessmen. Others are born to stick with eBay. Then again, that’s what I thought too.

The Education Conundrum

By Alfred Dodwell 

psle-cert

Many are of the view in Singapore that the people are her only resource. There has been much emphasis on education and some would say not always with best results. There is a feeling that the tinkering with the education system is unhelpful. Others believe the system encourages rote learning and should be abandoned in favour of a more creative one to teach the children to be articulate and think for themselves.

Amidst this education conundrum, PM Lee Hsien Loong, speaking at the National Day Rally, announced what many hailed as welcome changes.

First, Edusave is extended to all students, including those in madrasahs, being home-schooled or studying abroad. This is commendable. It is unfortunate that such students were left out earlier.  They should have been brought under the scheme decades ago. Hopefully, they would get all the benefits enjoyed by other students, including the preferential transport passes.

Second, PM Lee announced the addition of 20,000 pre-school spaces over the course of five years. That amounts to adding 5,000 spaces every year. This is commendable. But it does not take a rocket scientist to figure that pre-school education costs have sky-rocketed over the years.  So spaces should have been increased years ago.

Third, PM Lee announced a new PSLE scoring system more akin to the O levels. This is commendable. However, it is several years too late. Why did the strategic thinkers at the MOE take so long to realize that children as young as 11 or 12 should not be subjected to these stress-laden score cards? Generations of PSLE students, now adults, have suffered from the stigma of the score cards. However, at a post NDR seminar Minister Heng said what we need is a change in parents’ mindsets…

PSLE exams are known to be extremely difficult and many have complained over the years. Yet the system remained in place though, as PM Lee himself says, it is pointless putting such pressure on children. Decades of Tiger Moms have dedicated their lives to the PSLE and, even with the new scoring system, it would be wishful thinking to conclude that these fierce, driven ladies would put less pressure on their kids. They would still push their children to be straight A students – and deserve an E grade for EQ themselves.

Fourth, PM Lee said, “I believe we can make every school a good school.” This is wishful thinking. For centuries Oxford and Cambridge have been top tertiary institutions and will remain so. Closer to home, Raffles Institution and Victoria School have a name and reputation that draws the crème-de-la crème. Can any neighbourhood school achieve a similar standing? Perhaps a few students from these neighbourhood schools will make their way to Raffles Junior College but most would not. So, instead of aiming for the sky, a more realistic measure would be to turn some of these schools into specialized institutions. Schools can carve out a niche and make a name for themselves by excelling in sciences or maths or the humanities. Teachers and students with the requisite skills and abilities could be posted to those schools, which would bring out the best in them.

We need more changes in our country – that is for sure. Still, PM Lee should be commended for taking new initiatives and moving in the right direction. These are measures which should have been taken years ago, sparing generations of students the agony of the stressful Singapore education system. But the burden is somewhat being eased at last. And perhaps, I can leave the readers with a food for thought – why not scrap the PSLE altogether?

Car utilisation causes congestion, not ownership

By Vignesh Louis Naidu – 
Singapore news site
The government tries its best to make cars unaffordable and yet we stubbornly insist on buying them. In this year’s budget the government announced another round of measures to increase the cost of a car and yet the demand for COE still far outstrips supply.
Why do we need cars so badly and use them so excessively? Are cars really a necessity in Singapore? Is our public transport system so bad that we would rather spend copious amounts of money on the privilege of owning a car?
Maybe it’s time we rethink our approach towards reducing car usage in Singapore.
Let’s get one thing clear from the get-go; Singapore is a small country and car usage not only causes congestion but also unnecessary pollution. Reducing vehicle utilisation is a necessary policy measure.
Standard economic principles would suggest that the increased taxation with a controlled supply (managed through the COE system) would lead to a decrease in demand. Demand is certainly lower than it would be in an economically free market but car ownership is still relatively high.
What is more worrying is the level of car utilisation in Singapore. The annual mileage of cars in Tokyo and Taipei is half that of those in Singapore. (Christopher Tan, The Straits Times, 30 April 2012: Time to rethink COE system?)
I shall propose reasons as to why: 1.The demand for cars (i.e. the demand for COEs) remains strong, 2.When we own a car, it is highly utilised.
Despite the measures announced this year, COE’s prices today are roughly eight times what they were a mere three years ago. Yes, supply has been reduced but not by a factor of eight or anything close to that.
I think that our successful public housing system could be one of the factors contributing to this rise in COE prices.
The famous economist, Tibor Scitovsky noted, “Money income as a measure of one’s success in life has the drawback that knowledge of it is seldom in the public domain. Therefore to enjoy not only one’s high income, but also the esteem it can secure, one must make it known through appropriate spending behaviour.”
At last count, roughly 82% of Singaporean families live in HDB apartments. We all work really hard in Singapore aspiring for a better life. But intrinsically all of us want others to know about our success. The greatest display of success would be in the acquisition of bigger and grander houses. With property prices in Singapore being one of the highest in the world, this is simply not possible. So we do the next best thing: we buy cars.
It is my opinion that the latest round of measures may have inadvertently increased the appeal of car ownership. Now when a friend purchases a car, you don’t just think he is successful because he can afford the monthly instalments but you are amazed that he has the cash for the down payment.
Behavioural economics is a relatively new field which the Singaporean government has utilized in its policy making. It can be used to explain the high mileage clocked by cars in Singapore. Despite our small physical size, cars in Singapore clock an average of 24,000km per annum. I believe the principle of ‘honouring sunk cost’ has a part to play.
We fork out a large amount of money for the luxury of owning a car. We will incur the cost regardless of whether we use the car or just park it at home. The incremental cost of running a car; petrol, parking charges, ERP etc is significantly smaller than the cost of ownership. As such, most Singaporeans feel that they should use the car as much as possible. I even find myself subscribing to that train of thought. Whenever my parents choose to take public transport, I will always encourage them to drive. “Mum you might as well drive, leaving the car at home is pointless, we are still losing money on it. Use the car, why bother?” And I studied economics.
The COE system only aids in this fallacy of honouring sunk cost. We have little incentive to use our cars sparingly so that we can prolong their lifespans. At the end of 10 years a car is usually destined for the scrapyard, unless it’s a very unique and desirable example that could be exported. I personally think it is very tragic that cars that are only 10 years old or younger are relegated to the crushers.
I think the government has thus far done a great job in ensuring that our roads do not get as congested as many of our Asean neighbours’. The government has also expended a great deal of resources in building a world-class public transportation network. But we still have a problem. The demand for cars does not seem to be abating and the level of usage remains unnecessarily high.
Maybe it’s time for us to start thinking outside the box. Maybe the government should accept that car ownership is always going to be highly desired by Singaporeans. We should not stop Singaporeans from aspiring to own a car. We should incentivise them to leave the car at home and utilise public transport as often as possible.
Car ownership does not create congestion, car utilisation does.
Vignesh Louis Naidu is a young and passionate Singaporean who recently completed the Master of Public Policy course at the Lee Kuan Yew School of Public Policy.

PM Does Not Move Me

By Augustine Low
rypmlee1eAs Prime Minister, Mr Lee Hsien Loong has been competent and committed. He has done well for Singapore. On the international stage, he has not once let Singapore down.
Yet I have misgivings.
Of his leadership style, I am unsure and unclear, even after nine years as PM.
At times, there’s a hint of authority, without icy dispatch. At other times, a modicum of grace, without the charm offensive.
There is no style to call his own.
Could it be that he came in as his father’s son? His role model was so impeccable, it could have taken him a long time to hone his own instincts and persona.
Then there is the manner in which he was catapulted into office. Just when I was beginning to really like Mr Goh Chok Tong as PM, he had to go in the name of succession planning. I’ve wondered what might have been, he was doing a heroic job.
And on heroics, who among us has a hero who is flawless? Mr Lee came in with nary a blemish. I’ve never had to root for him.
As his father’s son, he was never the underdog. You feel that somehow he would be all right.
Of Mr Goh, I at least had to root for sometimes. Not least when Mr Lee Kuan Yew called him “wooden”. As a young man, I wrote in to The Straits Times forum page in defence of Mr Goh (the letter was published). When Mr responded to the taunt with aplomb, I cheered.
As a Singaporean, I am always grateful for Mr Lee’s service to nation beyond the call of duty.
It’s just that in nation building, in agony and in victory, I would like to walk with my leader.
I want to embrace the heroism, the triumphant spirit, the grace under pressure.
With Mr Lee, I cannot celebrate nor commiserate. There is a distance and a detachment.
I cannot walk with him.
Augustine Low is a communications strategist. His heroes are Muhammad Ali, Gabriel Garcia Marquez and Pope John Paul II.
Also read the rebuttal to this piece: PM rises to the occasion

PM rises to the occasion

By Tan Bah Bah
400afp_pmleeThe National Day Rally has always been a unique and intensely personal opportunity for the country’s leader to bond with the people, as much as it has been the platform to clarify policies and set or reset national directions. The PM faces the nation – unplugged. He pours out his heart. He explains, he gives insights on government workings, he offers his own thoughts, he encourages, he inspires.
As there have been only three PMs, judging how PM Lee Hsien Loong measured up to his predecessors requires only a recalling of the performances of Lee Kuan Yew and Goh Chok Tong.
It was the first PM who set the format, tone and standards. The first rallies were relatively Spartan events. A simple auditorium, a few potted plants around the stage, and at one point, not even a screen backdrop. Then came the visual aids which became more sophisticated with better audio-visual technology. But nothing distracted from the state-of-the-union purpose of each rally. The speaker himself was often as important as the content of the message.
Lee Kuan Yew was such a natural orator that he really needed no props. It was not just a matter of excellent public speaking skills. He had developed a mutual trust with his audience which practically gave him carte blanche leeway to deal with the problems of the day.
Goh Chok Tong inherited that abiding faith. He even enjoyed some goodwill, with the public accepting the fact that Lee Senior’s giant boots were not easy to fill. He grew comfortable towards his later NDP rallies.
One disadvantage was his linguistic skills. He was being compared to the two Lees who could speak the three main local languages – English, Mandarin and Malay – rather well.
The current Prime Minister not only knows these three languages. He can also read Jawi and speak Russian.
Singaporeans expected and understood one important message emanating from the two-hour speeches on Sunday — that the government was listening to them and has decided to respond on housing, healthcare and education.
Sunday’s speech was pure cut to the chase. It was directed at the Singapore core, telling them that they will be taken care of. PM Lee exhorted young Singaporeans to reach for the sky as there is no limit to what they can achieve, provided there is trust.
The references to Changi, Paya Lebar and Tanjong Pagar were a reminder that there is ample space and land for many many more years of development.
PM Lee rose to the occasion – within the parameters set by Our Singapore Conversation. But did he reach out far enough to all Singaporeans, including those who continue to be anxious about their jobs and the presence of so many foreigners in their midst? A clue will come when the next elections are held.
Also read the rebuttal to this piece: The PM does not Move me

Strange bedfellows

0

By P.N Balji

Tony-Fernandes-007

AirAsia founder and Group CEO Tony Fernandes is not known to be fond of the Singapore establishment. Many a time he has been thwarted by the Republic when he tried to grab a slice of the lucrative Changi Airport cake.
It has been a cat-and-mouse game with Singapore since he audaciously launched Asia’s first low cost carrier in 2002.
As the airline soared to become the biggest budget airline in this part of the world, the Singapore business was somehow elusive.
But that is changing as the airline launches a charm offensive to fly more often out of Changi.
Fernandes can be Prince Charming when he wants to. Like when he wanted to get the Malaysian government’s permission to get the airline off the ground.
He told a Singapore audience in 2002: “I went to get Dr Mahathir Mohamed’s agreement. His PA told me Tun was not too well and can spare only a few minutes.
“I had to think on my feet. What do I tell him in those few minutes to convince him to let AirAsia take off.
“I thought of this line: I will let every Malaysian fly. How could the PM say no to that?”
But all his smartness and sharpness did not work in Singapore. Initially, he was not given landing rights at Changi. So he went to Bangkok, registered Thai AirAsia and flew into Singapore.
His attempt to start a bus service from Senai Airport in Johor Baru to pick up passengers in Singapore was stymied by the Singapore authorities.
The relationship was not going anywhere and at every opportunity he got, a frustrated Fernandes would poke fun at Singapore.
As recently as February 2012, he said in a tweet: “Singapore Airlines to start long-haul low cost carrier. Hahahaha. Deja vu.”
But things are changing. Air Asia started a subsidiary in Singapore in August 2012 — its fourth in Asia.
Then last month, it inked a three- year $1.8 million deal with the Football Association of Singapore to sponsor the national, under-23 and youth teams.
Why Singapore soccer? In world rankings, the country is behind the Philippines and Vietnam. The country has dropped from a top spot of 73 in 1993 to 156 in July this year.
Yes, so why Singapore?
Fernandes said at a press conference to announce the deal: “The Football Association of Singapore came up with a great proposal and I like what they were going to do with the youths.”
We emailed him some questions on the soccer deal and the hurdles he faced in Singapore. Uncharacteristically, the master of the soundbite and the PR spin declined to be interviewed.
A source who knows Fernandes well said: “That is Tony. He has learned when to keep quiet, when to talk.
“Singapore is the jewel in the aviation crown. it has taken him a while to shake hands with Singapore.
“He is not going to say or do anything that will spoil the party for his airline.”
The AirAsia-Singapore stand-off has cost the airline much momentum as other low cost players like Jetstar and Tiger Airways have muscled in into Changi.
Singapore CEO Logan Velaitham admitted in an interview with the Today paper: “The take-up rate among Singaporeans is not there. It’s about brand perception and the marketing team is talking to a lot of travel agencies about how to sell the brand to the Singapore heartlanders.”
Part of the problem is that many still think AirAsia flies only out of Kuala Lumpur.
As Fernandes and his team adjust to the realities of doing business in Singapore, there is one silver lining: the Indonesian market.
With AirAsia establishing its Asean base in Jakarta and Singapore signing an air agreement with Indonesia, the potential for growth is greath.
The airline has just added Medan and Surabaya to the list of Indonesian cities that passengers can fly directly to from Singapore. Add to this a burgeoning middle class, which McKinsey estimates will grow by 90 million by 2030, and they point to AirAsia finally finding its feet here.
In business, you have to be politically correct. Fernandes is finding that out the hard way.

African economy on the rise

0

By Gabriel Yap

lagos-nigeriaAfrica has posted economic growth of 5% per annum over the past five years. A figure forecast by the IMF to increase to 5.5% this year and 6% in 2014.  It seems that the Eurozone crisis or the Fed Reserve change in monetary policies won’t affect the African continent at all.

In Nigeria, for instance, the continent’s most populous nation with 170 million people, consumer consumption has been on the rise and now accounts for 20% of GDP.  The Nigerian government plans to build four airport terminals costing US$500 million and a gargantuan 20,000 MW electricity supply grid costing US$20 billion.

To finance the aggressive expansion plans, Nigeria turned to the international bond market for the first time in two years amidst the selloff in equity markets roiled by Bernanke’s comments on a possible tapering in QE on 22 May 2013.  It offered $1 billion Eurobonds – $500 million of five-year notes yielding 5.375% and $500 million of 10-year notes yielding 6.625%.  Both were arranged by Citigroup and Deutsche Bank AG.

What surprised most investors was that the bonds were very well subscribed up to four times.  In addition, the respective yields were even lower than the first offering – for instance, the 10-year tranche sold at a higher 6.75% when Nigeria came to the markets in 2011.

Nigeria has put in place a Eurobond yield curve with the new issuances, with outstanding issues now due in 2018, 2021 and 2023.  This will go a long way to buffer the volatile revenue stream from its oil production which now stands at 2.53 million barrels per day.

The other notable case is Ethiopia, the second most populous country – it averaged GDP growth of 10.6% per annum in the seven years to 2011, but its conservative government has chosen a more tightly controlled development model rather than the neoliberal ones adopted by other African countries like South Africa and Nigeria.

Nevertheless, Ethiopian GDP has grown to a respectable US$33 billion and is moving to unlock some sectors of the economy for foreign investments in a bid to reduce its US$8 billion trade deficit.

It has embarked on an ambitious five-year public works programme that will spend 15% of its GDP on infrastructure projects like roads, roadway and dams.  It will also open up its telecom and retail sectors for foreign investments.  Major retailers like South Africa’s Shoprite, privately-owned Makro and Walmart-linked Game, are certainly eyeing such opportunities.

In Ivory Coast, the government seeks to lure back investments after months of post-election crisis in 2011 which led to violence that killed about 3,000 people.  That spooked investors and forced the country to miss payments on its international debt.

That landscape has changed rapidly – Ivory Coast’s GDP is expected to grow a strong 9% this year and the government will spend as much as US$10 billion in the next six years to expand its port at Abidjan, build a railroad between the western town of Man and San Pedro, Ivory Coast’s second largest port.  In addition, US$500 million will be spent on the construction of a 275MW hydroelectric power plant in Soubre.  These infrastructure projects are expected to fuel economic growth in the next five years as stable business conditions seep in and the growing consumer class emerges.

Another African rising star is the world’s second largest cocoa producer Ghana and I am certainly looking forward to the country’s first issuance of longer maturity bonds – it plans to offer 200 million cedis (US$97 million) in two tranches of seven-year bonds next month and again in November.  Foreign investors like me would be able to participate.

Ghana is West Africa’s second largest economy and GDP growth is expected to hit 8% this year.  Already I own some three-year and five-year Ghana bonds which are traded OTC by local banks and big regional banks like Standard Bank and First African Bank.  The bonds are also listed on the Ghana Stock Exchange for easier monitoring.

A common capital distortion in EM or Frontier markets is the huge disparity in risk premiums for long and short-term debts.  For instance, in Ghana, you can buy and sell three-month Treasury bills yielding more than 20% pa (yes, you would double your capital in four years).  Of course, for foreign investors like me, the foreign currency risk is something I watch closely – in Ghana, the cedi has depreciated by about 7% against the US$ to about 2.05, but the risk-return is definitely still on risk-on gear as the country seeks to narrow its budget deficit which currently stands at 4% to GDP.

Who says that there is no money to be made in volatile Africa?  Other than the sun-soaked beaches in Pretoria and Freetown, there are other attractions – not just nature and wildlife, but bright opportunities for the shrewd investor to cash in on the rising star.

Housing affordability a key concern in Singapore

A regional survey by iProperty has found that Singaporeans are concerned about affordability of housing given that HDB prices have doubled in the last seven years.

Low global interest rates and high liquidity in the asset market have driven property prices up, according to the iProperty survey report.

The report states that “72% of respondents think that foreigners have a part to play in driving up property prices,” elaborated iProperty Group’s Chief Executive Officer, Shaun Di Gregorio.

Forty three per cent feel the Government is not delivering enough housing to soak up the demand from foreigners. This is despite the fact that foreigners’ proportion of private home transactions have slipped downward as shown in the response before this.

Sixty per cent want more steps to cool the property market. The government agrees to this sentiment as Singapore’s central bank has introduced rules to ensure that a property buyer’s monthly payments do not exceed 60% of income.

APMSR 2013 - regional infographic

There are also concerns that any hike in interest rates may lead to a sharp rise in mortgage defaults in Singapore. The gross rental yields in Singapore are also very poor, ranging from 2.58 per cent to 3.01 per cent, which increases the risk of default.

Download the full report here

Howe Liang Lane?

 By Tan Bah Bah

sportsroadI am moved by Suresh Nair’s piece on our forgotten or neglected sports heroes. These people were icons and part of our collective heritage of memories and achievements.

It is from these genuine giants of their times that we build up our sporting prowess and shoot for future glory.

How can our own sportsmen and women be inspired? Not just by reading about Usain Bolt, Yelena Isinbayeva or Lin Dan alone. They must be made to free proud that they come from a country which had produced – and not imported – Olympians and Asian or regional multiple-medal winning champions whose names resonate with the sports crowd.

The roll call of honour is fairly impressive – Tan Howe Liang, Wong Peng Soon, Ong Poh Lim, Chee Swee Lee, Junie Sng, C. Kunalan, Choo Seng Quee, Ang Peng Siong, Neo Chwee Kok and our water polo boys.

Follow the Australian example.

When Sydney had to hold the 2000 Olympics, a decision was made to honour Australia’s sports heroes and heroines, to let the world be reminded of the sports-mad country’s champions.

The lanes at the Olympic Park – the stadiums and swimming complex – were named after these icons.

You will find Dawn Fraser Avenue, Herb Elliot Avenue, Rod Laver Drive, Murray Rose Avenue, Shane Gould Avenue and Kevin Coombs Avenue there. Some may wonder who Kevin Coombs was. He was the first Australian Aboriginal Paralympic competitor for Australia. Coombs, who was also a wheelchair basketballer, competed in five Paalympics, including the first Paralympic Games in 1960.

Singapore’s Sports Hub – and the whole neighbourhood covering the Indoor Stadium – will be the perfect place to honour our true-blue sports heroes and heroines.

The roads and lanes around the hub should be named after Howe Liang, Peng Soon, Swee Lee, C. Kunalan and company. If need be, existing roads at the whole area should be also named after people who have made a big difference in our sports life. How about an Edward Barker Avenue, an Eng Liang Crescent, a Rahim Omar Road or a Lau Teng Chuan Lane?

The rojak nation

singapore_multi-racialPoor Kevin Rudd. The Australian PM can’t be happy catching flak from a media tycoon who is no longer even a 100 per cent Aussie. That can’t happen in Singapore. The media here is wholly Singaporean. Singapore Press Holdings and MediaCorp are descended from companies that have been Singaporean longer than some of the new citizens.
It is only fitting that foreign interests should not be allowed to control Singapore media and influence local politics. Of course, there is the issue of media coming under the control of local political and business interests … but that is another story for another time.
When we talk of foreigners, let’s consider how much Singapore owes to the outside world – not just its prosperity as an export-oriented economy, but a whole lot more. Even the people going about the island are either themselves – or descended from – outsiders.
The original inhabitants, according to legend, were not homo sapiens. Remember the story of Sang Nila Utama? He was an outsider, a prince of Palembang.  When he reached the island of Temasek and landed at the mouth of the Singapore River, he went hunting and saw a strange animal. He was told it was probably a lion. So he named the city he built, Singapura.
Centuries later, when Raffles landed on the island in 1819, however, it was a wilderness.  It was his successor, William Farquhar, who developed Singapore as a British port and settlement. They were followed by waves of immigrants.  The Malay enclave became a Chinese-majority city.
And then came independence.
In one respect, Singapore followed India. The national anthem is a song composed in the language of an ethnic minority. ( Ditto the Indian national anthem: Composed by the Nobel laureate Rabindranath Tagore, it is in Bengali, not Hindi.)
As the Singapore flag fluttered proudly from buildings and flagpoles in the run-up to National Day, no doubt, you could not keep your eyes from it. It is unique. The only flag with a crescent moon representing a country without a Muslim majority.
Singapore is inclusive – we are one nation, one people, one Singapore, to recall a popular song.
We’ve built a nation with our hands
The toil of people from a dozen lands
Strangers when we first began, now we’re Singaporean
Let’s reach out for Singapore, join our hands forevermore.
We are a “rojak “ nation, as one of the emcees at the National Day Parade said. We are from all over the place – there would be no Singapore without outsiders.
The foreign influence did not end even with self-government and independence.  Lee Kuan Yew acknowledged his debt to the Dutch economist Albert Winsemius, who was chief economic adviser from 1961 to 1984. “Singapore, and I personally, are indebted to him for the time, energy and devotion he gave to Singapore,” Mr Lee said in his tribute when Dr Winsemius died of pneumonia in The Hague in 1996 at the age of 86.
Yes, Singapore owes a lot to outsiders, but we are not copycats. Is there any other nation like Singapore? No. We don’t just borrow but adapt and improve.
Singapore was not the first country to launch public housing. But our neat, orderly HDB estates with their  town centres and greenery are a vast improvement on council housing in England and the “projects” in America.
Our education system is considered one of the best in the world. Our economy is second only to Switzerland’s, according to the World Economic Forum.  Singapore Airlines, Changi airport, Singapore port have all been ranked No 1 at some time or the other.
How did a tiny island soak up so many superlatives?
We have got to be more creative, we are told, but look at our record. We have even made the English language our very own.
Yes, let’s not forget Singlish, lah. It’s not English, we are told. But that’s the whole point. We are creative, damn shiok, not copycats lah. English also can, but Singlish more powderful, lor!