NTUC
-
Originally posted by PatrickLTH:
You claim to be a businessman what business are you in by the way? are you in the car, insurance or undertaker business?
[b]So what is the core business of NTUC?
My understanding of NTUC, from a businessman perspective is :
In doing my legitimate business (be it a car sale person, insurance agent, undertaker, house agent, etc etc), so long I make money, which is deemed to be too much by the government, then NTUC will step in and compete with me.
[/b]
pls dun try to incite emotions or twist words here or are you trying to gain some sympathy for your situation, if you are really unhappy with your situation then pls take some action, NTUC not only competiting with you, but with a lot of other people, there is always a silver lining in every cloud, so instead of complaining shouldn't someone as resourceful as a businessman should be .. like you be doing something about it?
Maybe you can form a syndicate with fellow complainers to take on NTUC or maybe supply NTUC. -
NTUC= National trade union congress.
alot of ppl has misconception about NTUC as part of govt organisation. well i am not at all surprise consider many member of the NTUC are part of the PAP regime.
NTUC is a union of blue collar workers mainly. sorry i left my textbook in the shelf for a long time. it is the unbrella for many other smaller union in singapore. such as taxi driver union, bus driver and etc. function is for collective agreement (CA) negotiation with employer. White collar staff or with salary higher than $1600 are not allow to join union as it deem they can negotiate their salary and benefits. but things change, nowadays white collar member are allow to join member but without CA representation. meaning member for benefits like points for NTUC supermarket, chalets and other discounts.
some ppl believe NTUC are actually pressing the price of normal goods down so everyone can buy cheaper goods from supermarket. but without NTUC do you think we will have more carrefour, Giant, on the HDB area? do you find price from these outlets more expensive then NTUC?
I think NTUC best stick to their main role and core business that is " fight for the blue collar of Singapore workers" and not be a parrot for the PAP.
* Lim SS (secretary general) have to speak out for the workers and not speak what the PAP want you to speak. -
Perhaps it's necessary to clarify that this one thread has lumped 3 seperate legal entities into 1 perceived big organisation.
NTUC is the umbralla organisation for Sg unions, the typical union organisation.
Income is a co-operative.. owned by the respective unions, something like the "Employee Benefits" section of the NTUC affiliates, but it is still a seperate and distinct legal entity. Just that it's goals are more aligned with social entrepreunership instead of profit maximisation.
Fairprice is the supermarket arm of NTUC, also a seperate legal entity.
I would say that all three have their respective objectives, which I believe is to have viable businesses to fund social programs. I don't perceive that as an issue. -
Yeah.yeah... more bankruptcy also...Originally posted by KumSioJui:You guys dun get it .. most times yes they are stealing peoples business, but not this one. This round they are trying to get NTUC to help boost peoples spending. By competiting against the local businesses and offering better rates it will force prices down.
You must look at economy as a whole, currently now things are picking up after a slump since 2000 but there is a danger of it falling back again into deflation so garmen trying to boost it.
Many ppl say "oh this year or next year economy dun look so good" all nonsense & not true at all. You must understand what move the economy.
what are the main drivers of a booming economy ... very low interest rates, easy credit, continous spending like construction, and spending on big ticket items like housing, cars etc ... traditionally when sales of these things move up tremendously other things will move also, other things move means business bottom lines across the landscape improve that means more hirings, pay increases and bonuses etc etc etc ....
but with a booming economy comes inflation but choose between that and deflation any government in the world will rather work with inflation any day because deflation means people jobless and that leads to a whole lot social problems and in the end creating potential terrorists. And the garmen if you noticed have been trying for several years now to stimulate the economy by constantly paving and re-paving all the blady roads creating mini traffic jams everywhere
, building new or improve infrastructure etc ... all these are small drivers which keeps the economy humming.
Can't remember exactly the figures but I think previously if you bought a home you required a down payment was 20% that was reviewed and changed to current 10% to make it easier for people to afford a home.
Previously you couldn't buy a car with a credit card but now you could.
With bank home loan wars going on it only means easy credit, easy credit means more spending which leads to more profits, more hires again etc etc etc ...
so you ppl must understand lar.. this is good thing for us.
Eventually NTUC will takeover Geylang prostitution as well.
-
So good profits meh....you are talking about mid or late seventies where car brokers make loads of $$$ that I believe.Originally posted by KumSioJui:NTUC was started by garmen, whether you want to be naive I leave it to you.
If you read the sunday papers today on page 17 there is an article on cars, cars are big ticket items the main price influence of cars is from COE for that LTA is going to release more of it. So if more people buy cars they will take up more loans and that helps economy to improve. Because you cannot grow if people don't spend.
In the past if you were a car salesman you are very rich.
1) If someone buys a car from you, you earn a hand.
2) If he trades in his car for the new car you also earn a hand if you resell it later.
3) He buys insurance you get comission thats earning a hand.
4) If he gets financing you also earn a hand.
Sell 1 car can earn so much money, a friend selling Fiat cars the most cheapo car on singapore roads tells me he sells abt 3 cars a month takes home on average 8k imagine what those BMW salepeople take home.
Cars are big ticket items as I previously mentioned is one of the main drivers of a booming economy so the garmen is trying to improve this area, they are doing their part by lowering car COE, the problem are the car companies still charging a lot examplified by their sales people making so much money so people are hesitant therefore garmen steps to offer better rates and rebates to force cars companies to do the same.
In the end a booming economy should benefit everyone and not only a small handful.
But from early or mid eighties onward, used car sales competitions have got more fierce eversince. Profit margin was not that high as you have mentioned. Which has gone down to a couple of thousands or slightly more only.
Eversince the gov's intervene into the retailing market; the market now is facing extreme low cash liquidity as compared to early days. As you can see that more retailing shops are closing down with many vacant shops are left empty.
Just go to Sim Ming car repair shops and take a look. Many shops tenants are telling me that they are waiting HDB to chase them away. 
-
I believe the gift vouncher for the tsunami hit victims, NTUC Fairprice must have gotten gains also
-
used to be good lah, now is still not too bad, another car sale friend told me sell 1 car these days still can earn 800-1.2k, car sales still make good money because of parallel import. Go to bukit merah/common wealth area, if car sales that bad how come still so many showrooms?Originally posted by Lowclassman:So good profits meh....you are talking about mid or late seventies where car brokers make loads of $$$ that I believe.
But from early or mid eighties onward, used car sales competitions have got more fierce eversince. Profit margin was not that high as you have mentioned. Which has gone down to a couple of thousands or slightly more only.
Eversince the gov's intervene into the retailing market; the market now is facing extreme low cash liquidity as compared to early days. As you can see that more retailing shops are closing down with many vacant shops are left empty.
Just go to Sim Ming car repair shops and take a look. Many shops tenants are telling me that they are waiting HDB to chase them away. 
-
i have discovered long ago that the biggest misdeed of ntuc is greed.... they really want to bao ka liao. toothbrush, rice, flour, sweet sauce, shower foam, etc, etc... u name it, they probably have it under their brand...
-
yoongf
Junior Member
Joined: 30 Oct 2003
Posts: 68
Send Message 03 January 2005 · 08:46 AM
Perhaps it's necessary to clarify that this one thread has lumped 3 seperate legal entities into 1 perceived big organisation.
NTUC is the umbralla organisation for Sg unions, the typical union organisation.
Income is a co-operative.. owned by the respective unions, something like the "Employee Benefits" section of the NTUC affiliates, but it is still a seperate and distinct legal entity. Just that it's goals are more aligned with social entrepreunership instead of profit maximisation.
Fairprice is the supermarket arm of NTUC, also a seperate legal entity.
I would say that all three have their respective objectives, which I believe is to have viable businesses to fund social programs. I don't perceive that as an issue.
the problem is that NTUC spin off under so call seperate legal untity. just like MRT , SBS so when citizen complain about high transport pricing, related minstries will say because these are privatise company thus govt canot intervene.
NTUC was not even clear in its role. it leader join PAP and become puppet of the curent ruling party. wearing 2 hats. hard to distinguish the line they going to draw between benefits for worker and govt.
To me, NTUC is brillant in business but done badly for the workers.
Does singapore tripatite ever existed in the first place??? -
Originally posted by reyes:
Hey Hey... SBS did not ask for higher fares last year, only SMRT
yoongf
Junior Member
Joined: 30 Oct 2003
Posts: 68
Send Message 03 January 2005 · 08:46 AM
Perhaps it's necessary to clarify that this one thread has lumped 3 seperate legal entities into 1 perceived big organisation.
NTUC is the umbralla organisation for Sg unions, the typical union organisation.
Income is a co-operative.. owned by the respective unions, something like the "Employee Benefits" section of the NTUC affiliates, but it is still a seperate and distinct legal entity. Just that it's goals are more aligned with social entrepreunership instead of profit maximisation.
Fairprice is the supermarket arm of NTUC, also a seperate legal entity.
I would say that all three have their respective objectives, which I believe is to have viable businesses to fund social programs. I don't perceive that as an issue.
[b]the problem is that NTUC spin off under so call seperate legal untity. just like MRT , SBS so when citizen complain about high transport pricing, related minstries will say because these are privatise company thus govt canot intervene.
NTUC was not even clear in its role. it leader join PAP and become puppet of the curent ruling party. wearing 2 hats. hard to distinguish the line they going to draw between benefits for worker and govt.
To me, NTUC is brillant in business but done badly for the workers.
Does singapore tripatite ever existed in the first place???
[/b] -
Same lah...SBS did not ask for raise fares last year, but they will ask for this year or next year; indirectly more money for their own poket in term of bonus and salary increment.Originally posted by sbst275:Hey Hey... SBS did not ask for higher fares last year, only SMRT
The Gov so to try to monopoly the market which they aimed to make majority of Sinagporean to work for them. In political benefits, these will make people will have no choice or being obligated to vote for them. Simple logic.
Ren Pu Wei Zi Tien Zhu ti miak the worst is they don't care you die. -
I tell you this, NTUC would stop them as NTUC is a shareholderOriginally posted by Lowclassman:Same lah...SBS did not ask for raise fares last year, but they will ask for this year or next year; indirectly more money for their own poket in term of bonus and salary increment.
The Gov so to try to monopoly the market which they aimed to make majority of Sinagporean to work for them. In political benefits, these will make people will have no choice or being obligated to vote for them. Simple logic.
Ren Pu Wei Zi Tien Zhu ti miak the worst is they don't care you die. -
Hey, hey,Originally posted by sbst275:I tell you this, NTUC would stop them as NTUC is a shareholder
Would or would not -
the govt was originally not supposed to go into any business that was listed in the yellow pages, but now we have the ntuc doing all kinds of businesses.Originally posted by TVaddict:i have discovered long ago that the biggest misdeed of ntuc is greed.... they really want to bao ka liao. toothbrush, rice, flour, sweet sauce, shower foam, etc, etc... u name it, they probably have it under their brand...
ntuc's subsidiary, Comfort was started with the noble intention of helping taxi drivers own their own taxi, but ended up exploiting the taxi drivers! -
Err...Originally posted by pearlie27:the govt was originally not supposed to go into any business that was listed in the yellow pages, but now we have the ntuc doing all kinds of businesses.
ntuc's subsidiary, Comfort was started with the noble intention of helping taxi drivers own their own taxi, but ended up exploiting the taxi drivers!
NTUC = govt?
Also...
Even if it's perceived that NTUC = govt, the "Yellow pages rule" was only adopted in 2003. NTUC and taxis go way back into the 70s. -
Yes, NTUC belongs to the govt just like SPH, SMRT, etc.
I'm not too sure if the yellow pages rule was implemented in 2003. However, even it was so, NTUC should relinquish some of their businesses for it is no point having that rule when it is already entrenched in all businesses. -
Originally posted by Lowclassman:
Nope... They want to be seen as the good-guy
Hey, hey,
Would or would [b]not[/b] -
I think we shall classify itOriginally posted by pearlie27:Yes, NTUC belongs to the govt just like SPH, SMRT, etc.
I'm not too sure if the yellow pages rule was implemented in 2003. However, even it was so, NTUC should relinquish some of their businesses for it is no point having that rule when it is already entrenched in all businesses.
GLC - SingTel, NOL, PSA Corp, SMRT...
Govt 'Influenced' - SPH, SBS... -
Duplicate deleted. Sorry
-
NTUC cooperatives were full of goodness at one time. They can help people to check on inflations. Scholars are good to have as well. Many government policies and actions also are full of good intentions.
But every goodness in life comes with certain badness. Every action of the government too has its positive and negative effects. While scholars are beneficial, to public administration, over-emphasising talents in education and jobs marginalise EM2 and EM2 leading to brain drains by the thousands. Practical passions in larger aspects of economic and social life need the fullest support and participation by all to produce entrepreneurship, competitiveness and vibrancy.
Our talented civil servants and ministers should be people who can distinguish good from bas and when they implement anything, they should always strive to increase the goodness but avoid causing badness.
So NTUC should go back to basic and assess whether the NTUC today has exceeded its original role of checking on inflation.
NTUC cannot replace the domestic businesses or take over the economy. If it can then it may be alright for it to go free reign on all domestic businesses and compete as much as it can. If it cannot replace the growth engine of the domestic sector, then it should work not only to reduce inflation and stop short in stifling the growth and vibrancy of the domestic businesses.
Therefore, our leaders should have clear vision and not be shortsighted on NTUC allowing it to become a monster which may one day totally decimate the domestic sector until they are marginalised or extinct.
It is wrong to have HDB increasing the rentals and NTUC cutting into their business territory.
Government should always work towards increasing goodness to its people and not to cause job losses due to failing of its domestic sector or stifling the growth and economic wellbeing of its citizens.
If government wants entrepreneurship, it should straightaway reassess the NTUC role so as to support businesses while discharging its anti-inflation check.
All government businesses should be assessed so as to produce goodness and not badness. Otherwise, no matter how successful Singapore may be in term of GDP growths or international acclaims, it cannot be a successful government in the people's hearts. People will need it only for benefits and may not have truly heart-felt good opinion of leaders or government. -
thats one heck of an influenceOriginally posted by sbst275:I think we shall classify it
Govt 'Influenced' - SPH, considering what i read in the papers all the time -
The degree of influence is subjective.
A distinction needs to be made between what is direct influence and what is self regulation. Being overly kiasu in self regulation is often perceived as govt influence.
Also subjective is whether an ex civil servant or scholar who now works at SPH is deemed as govt influence.
Thus.. all these instances need to be clearly distinguished before one can infur govt influence. -
Hello, all forumers,
NTUC chief is on record as saying that people must retrain themselves in order to be employable as if they don't already know about values of education. Talk is cheap!!!
Does it understand that enough about what is relevant and not relevant for the purpose of training or re-training. Even after re-training, there is no assurance of jobs. Using existing knowledge innovatively might lead to job creation but NTUC missed this point all the time.
The root cause of unemployment is loss of economic competitiveness by the neglected domestic sector of the economy due to high costs attributable to a system of double charging on land and vehicles and government tax-and-recover non-welfarism policy.
Citizens paid certain taxes towards provisions of basis services like utilities, transportation, security and medical.
If all departments keep recovering costs of operations to break even their department account, taxes will be extras and surpluses which stifle the growth of the economy.
Current government practices of tax-and-recover need to be scrutinised first not all the justifications to show government cannot do this or that to excuse themselves from job creation.
There have been too many training and re-training programmes but how many jobs have been created to help the trainees to get employment.
A few workers will be appearing on TV to show that they are very happy. A few small enterprise bosses will be reporting on their success but ask all the businessmen and bosses outside the defined 1,000 SMEs, all will be telling a different story. Read the news on re-trained workers not finding jobs as posted in "Retraining - think again" to find out more about relevance of training and whether the certificates of training were recognized by employers.
NTUC is only operating in the unreal world. The world is not going through structural unemployment situation so don't keep preaching that the government is not able to do anything to save jobs.
NTUC must identify itself with causes of workers and job creation instead of giving excuses or setting up more businesses to compete with local small businessmen who are trying to earn a living to feed their families and creating jobs for locals. -
NTUC = govt ?
YES, YES, YES !
NTUC is also
Never Trust Union Chief -
What cock story are you talking? Are these words from your arsehole?Originally posted by KumSioJui:You claim to be a businessman what business are you in by the way? are you in the car, insurance or undertaker business?
pls dun try to incite emotions or twist words here or are you trying to gain some sympathy for your situation, if you are really unhappy with your situation then pls take some action, NTUC not only competiting with you, but with a lot of other people, there is always a silver lining in every cloud, so instead of complaining shouldn't someone as resourceful as a businessman should be .. like you be doing something about it?
Maybe you can form a syndicate with fellow complainers to take on NTUC or maybe supply NTUC.
How to become resourceful and as big as ntuc? ntuc is own by gov and they crushing many people's rice bowl!
How many silver lining can have in every cloud of tiny singapore??? you asshole.