Biggie banks, GLCs now copy legalistic power to boost profit
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This disease of government using its legalistic power to get what it wants as demonstrating in the organ donation "Opt out" scam and "benchmarking of ministers' salaries" to a few lucky CEOs as if all CEOs are paid such salaries is simply overwhelmingly and invitingly tasty for the biggie banks and other monopolies to emulate for financial success.
Originally Posted by limboonhee View Post
I am outraged that all the local banks have resorted to dubious underhanded methods to boost their profits such as forcing high annual-fee, exorbitant interest rates unsecured credit lines on to unsuspecting customers using the opt-out scam. They are emulating the success of the opt-out strategies such as organ donation. It is sickening to have to waste time calling up to cancel what you did not sign for and worse, these day-light robbers have the cheek to charge interest on non-payment of the $50-80 annual fee for these unasked for credit lines. Bank consumers are screaming for better protection from these scheming unscupulous marketing techniques the local banks are employing. As far as I am concerned I do not trust any of the banks anymore whenever they accost me in public places like soliciting prostitutes or steal my handphone number to harass me on some stupid unsolicited products. Of course the finer print and risks are not highlighted to you. The credibility of local banks is zilch!! This is from a very very angry Singporean.
The same habit is being engaged in by many credit card companies now - too late to stop it seems with justification by many government's own policies and action on such matter. That is why the judge in Alpha has to concede to SIA pilots' claims to boost their salaries by similar benchmarking against some other salaries irrespective of appointment contracts based on supply and demand which should be the current salary increments/bonus practices.
How lucky some CEOs of GLCs are now that so many GLCs for doing a standard bill collector job will now be able to reward themselves by similar benchmarking exercises not available to ordinary workers in the private sector at all who do not even get to emulate NWC increment quantum liberally granted to the civil servants.
I had to call up Citibank to query one charge to my credit card for phone order of insurance which just because of a phone-call made to me some three years back was continuously charged to and paid by me without my knowledge without going through the usual proposal and acceptance formality or annual re-verification of status. So many hidden assumptions such as excess clauses and exclusions were made that one wonders if one is buying any insurance at all.
I wrote to Citibank pointing out that it is wrong to charge me in this manner with copy to MAS. There was no reply to date but I was given a voucher of S$50 apparently to calm my disquiet over the matter. -
ppl still have the choice to opt out.Originally posted by robertteh:This disease of government using its legalistic power to get what it wants as demonstrating in the organ donation "Opt out" scam and "benchmarking of ministers' salaries" to a few lucky CEOs as if all CEOs are paid such salaries is simply overwhelmingly and invitingly tasty for the biggie banks and other monopolies to emulate for financial success.
if the choice is opt in how many ppl would have bother to go fill up the forms to donate their organs upon death ?
opt out is more practical. more lives can be saved. -
Muslims wait for organ transplants, but where are the donors?By Nazry Bahrawi, TODAY | Posted: 14 July 2007 0718 hrsOriginally posted by crazy monkey:ppl still have the choice to opt out.
if the choice is opt in how many ppl would have bother to go fill up the forms to donate their organs upon death ?
opt out is more practical. more lives can be saved.
There are now more Muslims waiting to receive organs than members of the 490,000-strong Malay community who pledged last year to donate theirs.
The number of pledges fell by 82 percent from 2005, the biggest drop in the past six years. It is also the second consecutive year that pledges have fallen, reversing an earlier jump in the number of Muslims stepping forward.
According to figures from the Ministry of Health (MOH), 87 Muslims pledged their organs last year, compared to 496 in 2005 and 924 in 2004, which had marked a 152- per-cent increase over the preceding year.
The decline in pledges is continuing this year. As of last month, 75 Muslims have pledged to donate their organs.
Meanwhile, there are now 124 Muslims from a total of 594 patients on the waiting list for an organ transplant.
Only Muslims who opt to pledge their organs will receive the same priority on the waiting list as other Singaporeans and permanent residents who have not opted out of the Human Organ Transplant Act (Hota).
Due to religious considerations, Muslims are excluded from the Act, which allows for kidneys, livers, hearts and corneas of brain-dead patients to be used for transplant. But they can opt to pledge their organs under the Medical (Therapy, Education and Research) Act.
Explaining the drop in pledge numbers, Muslim Kidney Action Association (MKAC) president Ameerali Abdeali said: "That (2004 hike) was because there was a three-month intensive and sustained public education campaign spearheaded by the MKAC and the old National Kidney Foundation.
"In the last two years, there was no major drive to encourage Muslims to pledge their kidneys. During this period, MKAC focussed its efforts on programmes for the benefit of kidney patients — to ease hardships — such as securing jobs and providing educational help through direct tuition and enrichment programmes at MKAC for the children." -
Originally posted by ShutterBug:
your point being
[b]Muslims wait for organ transplants, but where are the donors?By Nazry Bahrawi, TODAY | Posted: 14 July 2007 0718 hrs
There are now more Muslims waiting to receive organs than members of the 490,000-strong Malay community who pledged last year to donate theirs.
The number of pledges fell by 82 percent from 2005, the biggest drop in the past six years. It is also the second consecutive year that pledges have fallen, reversing an earlier jump in the number of Muslims stepping forward.
According to figures from the Ministry of Health (MOH), 87 Muslims pledged their organs last year, compared to 496 in 2005 and 924 in 2004, which had marked a 152- per-cent increase over the preceding year.
The decline in pledges is continuing this year. As of last month, 75 Muslims have pledged to donate their organs.
Meanwhile, there are now 124 Muslims from a total of 594 patients on the waiting list for an organ transplant.
Only Muslims who opt to pledge their organs will receive the same priority on the waiting list as other Singaporeans and permanent residents who have not opted out of the Human Organ Transplant Act (Hota).
Due to religious considerations, Muslims are excluded from the Act, which allows for kidneys, livers, hearts and corneas of brain-dead patients to be used for transplant. But they can opt to pledge their organs under the Medical (Therapy, Education and Research) Act.
Explaining the drop in pledge numbers, Muslim Kidney Action Association (MKAC) president Ameerali Abdeali said: "That (2004 hike) was because there was a three-month intensive and sustained public education campaign spearheaded by the MKAC and the old National Kidney Foundation.
"In the last two years, there was no major drive to encourage Muslims to pledge their kidneys. During this period, MKAC focussed its efforts on programmes for the benefit of kidney patients — to ease hardships — such as securing jobs and providing educational help through direct tuition and enrichment programmes at MKAC for the children."
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And how convenient it must be for this regime to use patient confidentiality (and I wonder why an individual's rights aren't as respected and safeguarded when it comes to issues like labour and human rightsOriginally posted by ShutterBug:Only Muslims who opt to pledge their organs will receive the same priority on the waiting list as other Singaporeans and permanent residents who have not opted out of the Human Organ Transplant Act (Hota).
) as an excuse to keep details of the waiting list a secret... -
any reply from TS regarding the praticality of opt out scheme for organ donation ? other TS just want to spam speakers corner with no intention of replying to the threads he started ?