Read this article by Lucky Tan.
My comments
This is an excellent article. It is written in a style that is far superior to what I am able to write.
Sunday, April 25, 2010
Circle Line (MRT)
I took my first ride on the extended Circle Line yesterday from Dhoby Ghaut to Bras Basah. It was an enjoyable ride. The walking distance between the platforms from the NE Line and Circle Line was quite acceptable.
On my return journey, I took the Circle Line from Bras Basah to Bishan to change to the NE Line. Although the distance and travelling time is longer, I could get a seat, as the train is not crowded.
This new line has expanded the capacity of the train system and should be able to give the commuters a more comfortable ride.
The Circle Line allows commuters from the North to get to Tampines or Changi by changing at Bishan to Paya Lebar. It took 6 stops, compared to 13 stops from Bishan to Raffles City and to Paya Lebar on the NE Line and the EW Line.
If I travel light, I will go to airport from my home by train and return by train.
Tan Kin Lian
On my return journey, I took the Circle Line from Bras Basah to Bishan to change to the NE Line. Although the distance and travelling time is longer, I could get a seat, as the train is not crowded.
This new line has expanded the capacity of the train system and should be able to give the commuters a more comfortable ride.
The Circle Line allows commuters from the North to get to Tampines or Changi by changing at Bishan to Paya Lebar. It took 6 stops, compared to 13 stops from Bishan to Raffles City and to Paya Lebar on the NE Line and the EW Line.
If I travel light, I will go to airport from my home by train and return by train.
Tan Kin Lian
Saturday, April 24, 2010
An accountable Parliament
General election may be held in Singapore during the next six to 12 months. It is important for Singaporeans to vote wisely for a candidate who can best represent their views in Parliament. It is preferable for the elected MP to be able to be a full time MP, as much time is needed to understand the views of the people and to initiate and debate legislation in Parliament.
The candidate should be quite well educated but need not be a corporate leader. It is more important that the candidate should be sincere, competent (as an elected leader) and be willing to serve the people. There are at least two members of the current parliament that meets this description. We need to have more elected leaders of this type.
At election time, the mainstream media will focus on the negative aspects of some candidates. The voters should be aware of the bias of the media and understand that it takes a lot of personal sacrifice and courage for some candidates to stand for election to be a voice of the people in parliament. We should look at their positive aspects and be ready to give them a chance.
The above views are shared by the majority of the people who participated in a survey held a few motnhs ago. The results of this survey are shown here.
The aim is to have a Parliament that reflects the views of the people and to approve legislation and government policies that are good for the country and the people.
Tan Kin Lian
The candidate should be quite well educated but need not be a corporate leader. It is more important that the candidate should be sincere, competent (as an elected leader) and be willing to serve the people. There are at least two members of the current parliament that meets this description. We need to have more elected leaders of this type.
At election time, the mainstream media will focus on the negative aspects of some candidates. The voters should be aware of the bias of the media and understand that it takes a lot of personal sacrifice and courage for some candidates to stand for election to be a voice of the people in parliament. We should look at their positive aspects and be ready to give them a chance.
The above views are shared by the majority of the people who participated in a survey held a few motnhs ago. The results of this survey are shown here.
The aim is to have a Parliament that reflects the views of the people and to approve legislation and government policies that are good for the country and the people.
Tan Kin Lian
Payment of commission
Some financial advisers have complained about not receiving the commission on policies that they have sold based on the unfair practice of their advisory firm or the insurance company. An insurance adviser approached me to air this problem. While the advisers are being bashed (sometimes unfairly), they also face problems of their own.
Here is a letter of complaint to the papers (but not relating to the insurance industry).
Here is a letter of complaint to the papers (but not relating to the insurance industry).
Vista product
Hi Mr Tan,
I bought a investment product named Vista for nearly a year now. I just re-read the policy document and felt that the financial planner had not clearly explained to me the product. The product is an ILP and not what I understood as a normal mutual fund. I realised the costs are high and the surrender value can be significantly lower than total premiums paid in early years of the policy.
Can you advise where I can get help to surrender the policy at no or minimum loss, on grounds of mis-selling?
REPLY
Please approach FISCA at www.fisca.sg. they charge an admin fee of $50 and will help you to write a complaint to FIDREC. The chance of getting redress is uncertain, but is worth a try.
I bought a investment product named Vista for nearly a year now. I just re-read the policy document and felt that the financial planner had not clearly explained to me the product. The product is an ILP and not what I understood as a normal mutual fund. I realised the costs are high and the surrender value can be significantly lower than total premiums paid in early years of the policy.
Can you advise where I can get help to surrender the policy at no or minimum loss, on grounds of mis-selling?
REPLY
Please approach FISCA at www.fisca.sg. they charge an admin fee of $50 and will help you to write a complaint to FIDREC. The chance of getting redress is uncertain, but is worth a try.
Subsidy for public transport
Many people may not realise that public transport is subsidised in Singapore. The government pays for the huge cost of the infrastructure for the MRT system. The public is free from this high cost and has to pay for the operating cost plus the operator's profit margin. I was told that the bus opeators received quite significant subsidy (but details are not available to me). This is why train and bus fares are much cheaper than in some cities, such as London.
I feel that taxis should also be considered as public transport and should receive some subsidy, although not to the same extent as for buses and trains. This will make taxi fares less costly and encourage more people to take taxis, rather than to drive private cars.
A taxi can be used several times a day, and can replace 5 to 10 private cars. It create employment for taxi drivers and allows the commuter to relax, read or communicate on the mobile phone. This improves the productivity. There is less need to build more parking spaces for the private cars.
There may be a fear that lower taxi fares will entice people to use taxis instead of buses and trains. The impact is likely to be small, as taxis will still cost 3 to 5 times of the other modes of transport. The real impact wil be to reduce the demand for private cars.
I hope that the policy makers will review their thinking and consider taxis as another form of public transport and be eligible for some subsidy or be relieved from some taxes or levies, such as ERP.
Tan Kin Lian
I feel that taxis should also be considered as public transport and should receive some subsidy, although not to the same extent as for buses and trains. This will make taxi fares less costly and encourage more people to take taxis, rather than to drive private cars.
A taxi can be used several times a day, and can replace 5 to 10 private cars. It create employment for taxi drivers and allows the commuter to relax, read or communicate on the mobile phone. This improves the productivity. There is less need to build more parking spaces for the private cars.
There may be a fear that lower taxi fares will entice people to use taxis instead of buses and trains. The impact is likely to be small, as taxis will still cost 3 to 5 times of the other modes of transport. The real impact wil be to reduce the demand for private cars.
I hope that the policy makers will review their thinking and consider taxis as another form of public transport and be eligible for some subsidy or be relieved from some taxes or levies, such as ERP.
Tan Kin Lian
Subscribe to:
Posts (Atom)