NTUC China Hypermart venture lost up to $80 million?
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then who the hell is the ntuc secretary general?Originally posted by Salman:Nope, NTUC people are not civil servants. -
Lets back track and see what you people BS.
One says NTUC gets 120 days while competition pays COD.
Then back track and say competition gets 30 days while NTUC gets 120.
After pressing, you ppl say NTUC buys big volume while provision shop buys small volume.
Let me teach you ppl common sense. When a big customer buys a lot and is financially very stable, they will tend to get better payment terms.
The question is, are you people comparing apple to apple?
I am not siding NTUC in any way but I just like to expose BS on forums. -
Does the gen sec run the whole NTUC?Originally posted by snow leopard:then who the hell is the ntuc secretary general? -
So I miss the word "DO" in your question - "DO - you want big govt ?"Originally posted by Salman:Can you read? My question is, do you want big govt?
I did not ask if we have big govt. Thats why my question is, 'why do you always look towards the govt to blame and for soliutiuons?'
It is this type of loser's mentality exactly that the people still need govt. for so many things. Grow up man!
Big deal !!!
My reply remain the same - DO WE HAVE A CHOICE ?
Can you read at all ?
Did anyone say we need LHL to take over LKY ?
Was it a choice from the Singapore Population, or was it a personal choice of LKY to have his Son "chosen" by the Executive Branch of the Ruling Party ?
The choice is not even from amongst the Ordinary Members of the Ruling Party - all of whom has no say as to who is to be their Party Leaders.
Do Singaporeans have any choice in the way Singapore is managed ?
Are you deluding yourself of the real situation in Singapore ? -
You see, you jump from one thing to the next. Your whole agenda is to criticise the govt.
Do we have a choice? Yes indeed. Had Singaporeans be more independent, the govt would have backed off long ago. You can't always blame the govt for pampering us, you need backbone to stand up. -
If you think I am BS, I put this clearlyOriginally posted by Salman:Lets back track and see what you people BS.
One says NTUC gets 120 days while competition pays COD.
Then back track and say competition gets 30 days while NTUC gets 120.
After pressing, you ppl say NTUC buys big volume while provision shop buys small volume.
Let me teach you ppl common sense. When a big customer buys a lot and is financially very stable, they will tend to get better payment terms.
The question is, are you people comparing apple to apple?
I am not siding NTUC in any way but I just like to expose BS on forums.
Provision shop: Either COD (Ends up 14 days) or 30 days
Supermarket: 30 days
NTUC: 90-120 days
Big then get better payment? Who are you trying to joke? Bef Lion gave their distributionship to PSC Corp, they gave many provision shop 90 day terms. It is not abt that you are stable or whatever, most cases are because it all depends on your products volume sales. Things that are sellable like bread or fresh milk are usually COD -
normally big buyers get longer credit terms.
its nothing new. -
Well, actually the old days, many ppl get longer credit term... It is only because of the recession since 1998 that made COD the norm...Originally posted by dragg:normally big buyers get longer credit terms.
its nothing new.
Actually, many dun wanna trade with NTUC is not just the credit term, they want a 30% margin of goods, others coping with 5-10% margin... -
Someone at another sub-forum mentioned abt Malaysia Dairy, reminds me of Marigold...
They went up their Asian drinks prices that matched with YHS and UHT milk almost to Magnolia, yet NTUC demanded the same price if not, I dun bring in... That's why you see only NTUC the Marigold drink is cheaper
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so which of you really know the real practice in this trade?Originally posted by sbst275:If you think I am BS, I put this clearly
Provision shop: Either COD (Ends up 14 days) or 30 days
Supermarket: 30 days
NTUC: 90-120 days
Big then get better payment? Who are you trying to joke? Bef Lion gave their distributionship to PSC Corp, they gave many provision shop 90 day terms. It is not abt that you are stable or whatever, most cases are because it all depends on your products volume sales. Things that are sellable like bread or fresh milk are usually COD -
I believe sbst.
His knowledge about bus routes, port volume and NTUC simply astounds me.
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I list some co that gives longer than 30day credit term and used toOriginally posted by dragg:so which of you really know the real practice in this trade?
Currently
Diethelm Keller
Prev
Lion Corp
Harpers Trading
Kao Singapore
Usually, the practice is the more sellable goods are usually COD strictly. Or things that are taxed like beer or cig, beer is usually 30 days or 14 days though -
Any supplier is free to sell to NTUC whatever price they seem appropriate. Nobody can force them to sell at a price they don't want to. Its a free country my friend. Does the govt put a gun to your head to do otherwise?Originally posted by sbst275:Well, actually the old days, many ppl get longer credit term... It is only because of the recession since 1998 that made COD the norm...
Actually, many dun wanna trade with NTUC is not just the credit term, they want a 30% margin of goods, others coping with 5-10% margin...
Do you have any proof that equivalent supermarkets are getting higher prices and shorter terms than NTUC? compare apple to apple please. Don't try to sneak in small shops to chains. I can smell a hypocrisy when i see one.
NTUC can tag their goods any price they want.
You can also buy from Shop and Save, Cold Storage and Sheng Siong or even your neighbourhood shop. Govt also cannot put a gun to your head and force you to buy from NTUC. Again its a free country.
You getting the point? -
I mean, which supplier is so willing to give even a 30 days credit term?
If everything is done COD, then money can move around easier... That's why many co that do govt contract all ends up burst, why? Govt slow in payment -
Not free?Originally posted by Salman:Any supplier is free to sell to NTUC whatever price they seem appropriate. Nobody can force them to sell at a price they don't want to. Its a free country my friend. Does the govt put a gun to your head to do otherwise?
Do you have any proof that equivalent supermarkets are getting higher prices and shorter terms than NTUC? compare apple to apple please. Don't try to sneak in small shops to chains. I can smell a hypocrisy when i see one.
Since when SG is a free market?
I dun think there are any pt talking with you, obviously the govt makes sure NTUC survives yet you dun believe, saying NTUC nothing to do w govt... If that NTUC chief is a ruling party and a cabinet minister, then think again -
i believe sbst too.
someone has an agenda here, so he cannot be trusted. -
hanor, hanor.Originally posted by dragg:i believe sbst too.
someone has an agenda here, so he cannot be trusted. -
Are you sure we have a choice ?Originally posted by Salman:You see, you jump from one thing to the next. Your whole agenda is to criticise the govt.
Do we have a choice? Yes indeed. Had Singaporeans be more independent, the govt would have backed off long ago. You can't always blame the govt for pampering us, you need backbone to stand up.
"Choice" that is based on an antiquated Political mindset that is as restrictive as Ford's Model T available in "A choice of only Black".
Are you confusing the issue by your statement that:-
" Had Singaporeans be more independent, the govt would have backed off long ago " .. ?
Singaporeans have been asking for the Government aka the Ruling Party to back off since the 1960s - BUT the insecure mindset of the Political Leadership of the Ruling Party prevented Singaporeans from ever being INDEPENDENT.
The Ruling Party through a series of political schemes implemented over the last forty years, have made Singaporeans DEPENDENT on the Government - and in the process wiping out entrepreneurship, initiative, imagination, and most of all intellectual independence.
It seems that the new Political Leadership from the Ruling Party has finally awaken and recogised the paucity of such human characteristics that can help Singapore to attain the next level of development.
It has come FORTY YEARS LATE, at the expense of at least two or three generations, and a large brain drain of talented Singaporeans; and with a ridiculous attempts to tinker the educational system to inculcate entrepreneurship, and to develop the arts and other human enterprise other than material and economic benefits to Singapore.
Unfortunately, the awakening is probably for propaganda sake, as the political system remains locked where even Parliamentary Back Benchers from within the Ruling Party are not even allowed to vote based on their conscience on social issues.
The big question remains - what benefit can the Ruling Party get to allow Singaporeans to be INDEPENDENT ?
During one of the last few general elections, when the Ruling Party discovered their popularity had fallen, from which they recognised that Singaporeans want to have a BIGGER SAY in the way Government is run - how did the Political Leadership responded ?
They allowed Singaporeans to participate in the political process that affected their neighborhood only - while the Politics at the National level remains the domain of Politicians who act according to Party Policies and DO NOT represent their Electorates.
With unseen OB Markers, pervasive dark powers of the Internal Security Act and its implementors from the ISD left unchecked, and the Secrecy Act covering all aspects of Government Information, can Singaporeans ever be INDEPENDENT from the Ruling Party and the Government which they form ?
The BIG HAND of the Government remains ever present - first they stifle any independent mind that can challenge their supremacy, then they make Singaporeans dependant on the System for a variety of daily needs, and after forty long years of tinkering - they finally decide that the State Managed System cannot compare with the vibrancy of Private Capital and Enterprise. -
Yes, we are independent but we can not compete with the government in the same biz (They are into almost all biz).Originally posted by Salman:You see, you jump from one thing to the next. Your whole agenda is to criticise the govt.
Do we have a choice? Yes indeed. Had Singaporeans be more independent, the govt would have backed off long ago. You can't always blame the govt for pampering us, you need backbone to stand up. -
I agree with sbst275.Originally posted by sbst275:Not free?
Since when SG is a free market?
I dun think there are any pt talking with you, obviously the govt makes sure NTUC survives yet you dun believe, saying NTUC nothing to do w govt... If that NTUC chief is a ruling party and a cabinet minister, then think again
I think there is no point talking to Salmah, he is for sure taking money from the government one way or another. It is very obvious that he is carry the 'bxlls' of the government. -
bullshit? i think no one here can compare with you.Originally posted by Salman:Lets back track and see what you people BS.
One says NTUC gets 120 days while competition pays COD.
Then back track and say competition gets 30 days while NTUC gets 120.
After pressing, you ppl say NTUC buys big volume while provision shop buys small volume.
Let me teach you ppl common sense. When a big customer buys a lot and is financially very stable, they will tend to get better payment terms.
The question is, are you people comparing apple to apple?
I am not siding NTUC in any way but I just like to expose BS on forums.
spare us the teaching. how can you teach common sense when you don't even have any?
the question is, why is it bigger in the first place? why is it more stable in the first place? because it is protected. you grow big not because you are better but because you are protected and so the better terms that you command, you command from the backing of the govt. so on the one hand, we have apple growing freely from nature while on the other hand we have apple growing artificially from a hydroponic pot. you take the life supporting system away from the hydroponic apple and it all begins to show ... the fella wilts ...
i'm not against NTUC, just like to expose all your bullshit -
without him and the connections to the govt, do you think NTUC will enjoy the protection it has always been enjoying?Originally posted by Salman:Does the gen sec run the whole NTUC? -
As for that Marigold example, reason is very simple
As they have the monopoly, they know suppliers have to supply them the goods. Their attitude is something like PSA under Dr Neo Ning Hong 5 years back... Like it, do, dun like, move -
govt back off? with monopoly profits to enjoy and a docile population with which to feed off from, who would back off for a hundred years? hey, that's how they built the great wall, from the backs of millions of slaves ...Originally posted by Salman:You see, you jump from one thing to the next. Your whole agenda is to criticise the govt.
Do we have a choice? Yes indeed. Had Singaporeans be more independent, the govt would have backed off long ago. You can't always blame the govt for pampering us, you need backbone to stand up.
pamper us? i'd be thankful if it does not jack prices up again and leave us alone ... it'll take a calamity 100 times bigger than the NKF and a leader far stronger than we currently have to see some real change. -
that's classic bullshit from our one and only bullshit king.Originally posted by Salman:Any supplier is free to sell to NTUC whatever price they seem appropriate. Nobody can force them to sell at a price they don't want to. Its a free country my friend. Does the govt put a gun to your head to do otherwise?
Do you have any proof that equivalent supermarkets are getting higher prices and shorter terms than NTUC? compare apple to apple please. Don't try to sneak in small shops to chains. I can smell a hypocrisy when i see one.
NTUC can tag their goods any price they want.
You can also buy from Shop and Save, Cold Storage and Sheng Siong or even your neighbourhood shop. Govt also cannot put a gun to your head and force you to buy from NTUC. Again its a free country.
You getting the point?
we go where it's covenient and where prices are low. you reserve the best locations for NTUC and is that fair? shop & save, cold storage ... free to take over any location earmarked for NTUC?
free my foot ... no one's gonna buy your points because they are lousy.