Is Money the National Religion? Is it yours?
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More than 29,000 people signed a petition against allowing casinos.
Lee Kuan Yew rejected a similar casino plan in 1965.
In his memoirs, he revealed that his father had been a compulsive blackjack player who pawned his wife's jewellery.
However he has backed the decision by Prime Minister Lee - his son - as an economic necessity for Singapore.
A wise old man of 84 can get his ideas changed by his untested son?
wow! Must be The power of the Religion!!!
Whatever the case, he kenna converted, and joined the Religion......ugama duit..............are you also lining up to be baptised into Moneytheism?
Casinos.....Homos........what is next? -
I don't think his views of casinos changed. From the start till now, he has admitted how much money casinos can bring in, the reasons why he doesn't want them here.
It's more of a decision that his son has made, he goes along with it. -
Agreed. Since his son is the current Prime Minister, he also no choice to decide, but to follow it.Originally posted by ndmmxiaomayi:I don't think his views of casinos changed. From the start till now, he has admitted how much money casinos can bring in, the reasons why he doesn't want them here.
It's more of a decision that his son has made, he goes along with it. -
O RELY?Originally posted by BusSpeeder:Agreed. Since his son is the current Prime Minister, he also no choice to decide, but to follow it.
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The old man has his own thinkings, that is very clear. He did object against the creation of casinos in Singapore when it was brought up, but later go along with the decision.Originally posted by 4getmenot:O RELY?
Whatever made him do so, I don't know.
One thing that we all have to be clear about - he doesn't agree with the casino idea despite the great economic benefits (or rather the government's belief). And not to forget, several ministers don't agree with it too.
One may call me naive to believe in his words, but right from the start till now, he has never changed that view, even if his actions don't match his words. Saying is one thing, doing is another issue. Some things are not meant to be seen on the surface only. -
Times are diffence now..... can't always use the view of the 'Old Man' can we
It's time for newer thinkin...... -
True, but how much price should we pay? Singapore is small, any small little changes will have a ripple effect.
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Very true..... but we won't know till we try do we...Originally posted by ndmmxiaomayi:True, but how much price should we pay? Singapore is small, any small little changes will have a ripple effect. We can't keep on doing things the same way years after years, Gen after Gen, time after time. -
you are very wrong. the old man is still the paramount leader.Originally posted by ndmmxiaomayi:I don't think his views of casinos changed. From the start till now, he has admitted how much money casinos can bring in, the reasons why he doesn't want them here.
It's more of a decision that his son has made, he goes along with it.
he himself admitted that his change in view regarding the casino. he even challenge those ministers who objected to the casino to walk their talk, i.e. to resign. -
I know his view changed, I know he challenged ministers who objected to resign.Originally posted by lotus999:you are very wrong. the old man is still the paramount leader.
he himself admitted that his change in view regarding the casino. he even challenge those ministers who objected to the casino to walk their talk, i.e. to resign.
But I don't think things are so simple. -
the casino will only affect those whom choose to be affected.
just stay away from it and you will be fine. -
Not cheap, a Singapore stint
Singapore more expensive to live in than New York; fifth most costly in Asia: Survey
Christie Loh
[email protected]
THE by-product of a long-running economic boom has inevitably materialised.
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For the fourth straight year, a comprehensive survey shows Singapore scaling the ladder of expensive cities, raising concerns about whether rising costs will start to put off businesses and foreign talent.
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On a global scale, the Republic has overtaken New York to become the 14th most expensive city, up from 17th last year. Asia-wide, Singapore moved up a notch to fifth place behind Osaka, Hong Kong, Tokyo and Seoul.
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Pushing the island up the rungs were housing rental hikes, higher transport costs and costlier groceries, said Mercer Human Resource Consulting, which yesterday released the annual Worldwide Cost of Living Survey of 143 cities.
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The results are of interest to multinational companies and governments, which buy the reports to determine compensation allowances for their expatriate staff.
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Already, some foreign investors here are having second thoughts.
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"We have heard of at least one case where the company plans to staff a particular Asia-wide role in Hong Kong instead of in Singapore, given the difference in costs under new rents," Mr Fermin Diez, Mercer's worldwide partner and market development director for Asia-Pacific, told Today.
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Several of his multinational corporation (MNC) clients have also started worrying about the burden on current expatriate staff here and the impact on profitability.
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As leases run out, "everyone balks at the rapid rise in rental", said Mr Diez.
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Overall private home rents surged 14.1 per cent last year from 2005, official figures showed, but landlords in prime areas have reportedly asked for as much as 50 per cent more.
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Some MNCs are now providing their expatriate employees with extra funds to cover their rental differentials, he said.
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Meanwhile, other Asian capitals may look more alluring.
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Mercer's survey shows that all cities in this region slid down the table, except Singapore and Indian cities. This trend was part of a major reshuffle in the 2007 rankings, due mainly to the weakening US dollar and the stronger Euro, explained Mercer.
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While Moscow remained the most expensive city for the second consecutive year, several European capitals — such as London, Paris, and Copenhagen — have moved closer to the top.
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Mercer compared the cost of some 200 items including transport, food, clothing and entertainment.
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Expats paid in US dollars – whose value slumped to the lowest since 1997 last year – would have less spending power in, say, Singapore, where the currency has strengthened.
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And even though cities — say in China — may be cheaper, some are often viewed by expats as "hardship postings", said Credit Suisse First Boston economist Sailesh Jha, an American citizen living here for the past five years. Pollution, for instance, is causing some expats to move out of Hong Kong.
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Since 2004, Singapore has gone from 46th place on the Mercer survey to 34th, then 17th, and this year 14th. The ascent mirrors the economy's steady recovery from the 2003 Sars crisis to the present good times of perkier wages and bigger profits.
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But although the horizon looks clear for Singapore over the next 12 to 24 months, it remains to be seen if the rosy picture would stay intact three to five years down the road.
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"For any company wishing to expand in Asia, it'll need to measure costs of relocation versus strategic value in nurturing growth of the company," said Mr Diez.
Singapore more expensive to live in than New York; fifth most costly in Asia: Survey -
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Only affect those whom choose to be affected? What if your dad gamble heavily and borrow money from loan shark, do you think he will come and affect you? What about a heavily gamble person, do any employer dare to put him in charge of company treasury?Originally posted by dragg:the casino will only affect those whom choose to be affected.
just stay away from it and you will be fine. -
Intersting...... and what would happen if my jobless 'dad' or me get a good-paying enough job due to the Casino......Originally posted by (human):Only affect those whom choose to be affected? What if your dad gamble heavily and borrow money from loan shark, do you think he will come and affect you? What about a heavily gamble person, do any employer dare to put him in charge of company treasury?