GMT : Tue, 06 Dec 2016, 02:51

The irony of an SPH staff

Thank you for publishing my letter. I am writing on behalf of my dad who is a staff of SPH.

And whom have not been sleeping well since he found out from Yahoo! about the impending retrenchment. How ironic! SPH prides itself as a reliable news source, yet its staff had to wait weeks to find out the news from other sources.

Looking at the current economic condition and at his age of 55, you can surely understand why. But what’s irked him most is, he is passionate about his job and had given his all. Yet all he gets is a “news blackout” from his own company that he fought for.

We have the following questions for the SPH’s management and hope through your social media network we raise questions how they can do the staff such a big disservice.

1. Why aren’t the staff given a heads-up earlier?

Rumours have been in the office about retrenchment for a while. And when Yahoo first broke the news about the rumours, SPH didn’t debunk it.

Which also means, SPH somewhat confirms it. So my question is why can’t the SPH management be upfront about the retrenchment with the staff?

Maybe their excuse is they fear compromising shareholders’ interest when they are reporting the financial position.

But, I would like to remind the management of SPH that whatever profit that the shareholders are enjoying came from the sweat of staff.

What shareholders’ are facing are but lower returns. But staff are facing the loss of their livelihood. So don’t you think staff deserves to be informed first?

http://www.straitstimes.com/business/companies-markets/sph-reports-175-d…

2. Why can’t SPH work with the union earlier to save jobs? Scared of union ah?

Economy is bad now. Retrenchment is in the news every week.

So If there is a need for SPH to protect shareholders’ interest, then at least tell union earlier so they have time to find an alternative to retrenchment, like redeploy staff to other departments or have time to train staff for other jobs right?

But we are sad to learn from, again Yahoo!, that the union was only told 30 minutes before the Monday townhall!

That makes me wonder why? Management didn’t bother trying alternatives to retrenchment?

This last few days is a very bad one for my family.

It is frustrating for my dad to learn that the company that he once so proud of, is so heartless and totally disregard the livelihood of staff. We still don’t know if he will lose his job, and when he will be asked to leave.

I also want to urge the shareholders to also stand on the staff side and voice out for them.

Ultimately they are the one who brings you returns for your investment.

 

Betrayed

 

 

 

Sponsored Content

loading more...

80 Responses to “The irony of an SPH staff”

  • up for sale:

    Perhaps SPH may be going up for sale?
    To foreign or independent entity?

    GD Star Rating
    loading...
  • hennig tang:

    The senior management should lead by example. They should have pre-empt by announcing their voluntary Pay-cuts ($mil) as the first option.

    They should consider trimming down the number of board members & advisor who are there for “special” purposes after their retirement.

    The recent press released and the photos of those euphoric executives seem to connote optimism. Why then the sudden shock of retrenchment?
    at the mercy of the rank & files?

    From this article, it appeared so. And that being the case, my thought is with the author who is expressing his concern and frustration on his dad dedication and passion to an institution all these years.

    GD Star Rating
    loading...
  • Just1more:

    Betrayed, this is an agony. While we empathize the position of many staff in SPH, we are also upset with them for not having the courage to speak up when they have control of the pen. Surely you and your father would had heard the noises in the social media complaining of the one-sided reporting from SPH. So, what do you expect us to do?

    GD Star Rating
    loading...
  • STILL VTO PAP:

    Q1: why wouldn’t SPH cut the salary of its Chairman, CEO, of snr management team to tide over this recession period knowing that SPH is the ONE AND ONLY media conglomerate, STATE OWN in actual fact operating in the country whereas all others are ‘peanuts’ printing companies that will not be able to take in the retrenched staff.

    Q2. Why does SPH put into its sneior management team people who are not, and never, in the media industry who had records of sinking off our national shipping company, NOL. These people, who are PAPER GENERALS, have no business sense, have not proven themselves in the corporate world to steer and turn companies around.

    STILL VTO PAP

    GD Star Rating
    loading...
  • One Party Family:

    GLC management, unions, government all from the same party lah !

    GD Star Rating
    loading...
  • N.Jungne:

    You dunno meh, although she don’t have but oso tua-kee

    GD Star Rating
    loading...
  • Ho Lee Seet:

    Why do people only feel the pain when the misfortune falls on you or your family members? Speak up only when you’re the one who got hurt?

    If only Singaporeans would open our eyes, or stopped to think, everyone unite and do what is right for sg and fellow citizens, then we can all avoid being betrayed by the PAPies and their cronies.

    Everywhere, in govt agencies, majority big organizations and even in almost all our sports associations, top posts are occupied by members, relatives and cronies of the pap. When heads need to be cut, heads need to be rolled, it’s definitely the ordinary you and me, not even the FTs and never those on the top with hundreds of thousands or million dollars pay check.

    It’s been from bad to worse and worst is akan datang yet Singaporeans choose to remain ignorant. Have all those who voted for the pap 1 yr ago to let them remain the ruling party spared a thought for our children and the future generations? If our plight is such, what about the future of our children? What would they have to go through if we are scared and refused to make changes now?

    GD Star Rating
    loading...
  • Support pls!:

    Since SPH is so heartless, Singaporeans should come together to minimise support buying the produce of SPH. The government can pour more money but we should cut back buying SPH stuff as there are always alternate ways though may not be as flashy!
    Newspaper can share and recycle, the local news is not so critical and mostly stale; most can be obtained online, else can go library to browse.

    For Singaporeans in SPH who are not retrenched this round, suggest you prepare your exit plan as you are working cos SPH has and will continue to be badly mismanaged.

    GD Star Rating
    loading...
  • Uncle Lim:

    The chairman of SPH is usually a retired PAP minister so that the papers can serve as a mouthpiece of the PAP.

    NOT showing care and concern for people is a trait of PAP. It’s even betrayed Sporeans. It doesn’t care two hoots whether you die.

    Unions are controlled by PAP so SPH can easily tell them to F off.

    The woes of SPH staff are a reflection of life of most Sporeans.

    This is why a ONE PARTY state is NEVER GOOD. SG is a de facto police state.

    The money grabbing PAP must go.

    GD Star Rating
    loading...
  • Joker:

    Why would SPH care, they are owned by the government.So screw the workers. I hope every SPH staff and their families remember this when they visit the polling station the next time.

    GD Star Rating
    loading...
  • PAP Kill people learnt lessons:

    What SPH Heartless – OMG far far from it.

    PAP are d MOST HEARTLESS – send kids to climb mountains as leadership training, and 7 OF THEM DIED.

    8 Hep C patients who TRUSTED the PAP run Public Hospital to TAKE GOOD CARE of them AN NURSE them to recovery from illness – YET they GOT KILLED and MOH blatantly WISH to protect NO BLAME CULTURE than to hold those responsible ACCOUNTABLE !!!!

    What about top top HEALTH OFFICIALS and PAP TOP TOP ECHELONS – who TOOK RESPONSIBILITY ???? !!!!!!

    GD Star Rating
    loading...
  • Python 5:

    To Betrayed and your father,
    Which party did your father and you voted during GE??

    GD Star Rating
    loading...
  • Sesame Street:

    1st of all,was your family among the 70% who voted LIGHTNING?
    If no,then you’re being sabo by 70% daft clowns.

    Nothing lasts forever,when its time to part,do it swee swee lah.
    LIGHTNING said companies need to work closely with union and help workers during lay off,was this carried out across all companies? interest of workers are always at the end of the list,corporate interest always comes FIRST.
    LIGHTNING Talk the Talk but no Walk the Walk…

    GD Star Rating
    loading...
  • Bapak:

    And whom have not been sleeping well since he found out from Yahoo! about the impending retrenchment. How ironic! SPH prides itself as a reliable news source, yet its staff had to wait weeks to find out the news from other sources.
    +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
    Who did your dad voted for??? We are laughing now.

    GD Star Rating
    loading...
  • Sesame Street:

    “Love your job but don’t love your company, because you may not know when your company stops loving you” – a quote by an Indian scientist and former President of India, A. P. J. Abdul Kalam.

    GD Star Rating
    loading...
  • opposition dude:

    Government these days only like to talk. Just wait until the next rally by the incompetent PM, he will say we are in recession now and the government is doing all it can for Singaporeans.

    Retrenchment may be everywhere but the flood of aliens keeps on being let in. We all know who are the ones losing the jobs.

    GD Star Rating
    loading...
  • conu in hell:

    Whatever the JINX BITCH touches turns to SHIT.NOL,SPH,SMRT one after the other will FALL like a deck of cards.The JINX touched ASS LOONG’s manhood and he had prostate cancer.

    GD Star Rating
    loading...
  • Brutal_Truths:

    @ Betrayed
    Very hard to feel sorry for your dad & your family! I’m afraid! The writing was on the wall for such a long time (almost 2 decades) yet your dad was so oblivious to the impending signs of digital media disruption.
    C’mon, didn’t you or your dad read about the online global news/media blogs as well as see the disruptive effects happening on the ground – Classified & Jobs Ads being eroded by online alternatives; Advertisers migrating to social media & online websites? Was your dad & your family sleeping through 2 decades & only woke up yesterday? Were your family having such a good time that you’d couldn’t see your fellow S’poreans suffering between 1998 to 2016.
    Being retrenchment in 2016 is relatively good considering that many S’poreans suffered as early as in 1998 ACC, 2000-02 (local bank mergers); 2003 (SARS epidemic; SIA, PSA & HDB brutal layoffs);& 2008 GFC, etc. Many S’poreans PMEs were reduced to taxi driving, becoming security guards; some were forced into premature retirement because they couldn’t find the work they wanted; & a few migrated for the sake of their family. AND YOU’RE COMPLAINING NOW!

    Python 5: But what’s irked him most is, he is passionate about his job and had given his all.

    Every retrenched S’porean gave his/her all in their jobs; not only your dad! What’s so special about him? What about those that were replaced by foreigners with fake, forged or bought degrees – whose going to pity them?
    MAN UP & WELCOME TO THE NEW BRUTAL S’PORE ECONOMY – YOU GET WHAT YOU DESERVED! AFTER ALL, PAP’S FAVOURITE MOTTO IS ‘NO ONE OWES YOU A LIVING!’

    GD Star Rating
    loading...
  • guru:

    Whom did your dad vote for in the last GE? If its for PAP them don’r whine like a child. This is what PAP is good for. Go look around all those who got retrenched. Most of them will be Singaporeans. FT/PR/foreigners will be guaranteed a job by this Gov.
    PAP doesn’t care for Singaporeans at all. May be you & your Dad learnt a bit to late of PAPs tactics

    GD Star Rating
    loading...
  • Never a PAP voter:

    The Standard Operating Procedure for Singapore Inc is, die die PAP must win. Meaning all and any directors, chief officers, holding top posts, must obey PAP command. And PAP objective is ensure that Singapore Inc must continue to exist no matter what. In a way, you cannot really blame these cronies for acting inhumane, it is the SOP for survival in Singapore for those whom sign on as Regulars. Once they out of their military post, the only job they can do is Security Guard at shopping centers. Once they are appointed to GOV assigned civilian posts, they follow their well established SOP to follow PAP instructions. They are at the mercy of voters to kick out PAP, as well as at the mercy of PAP to keep their jobs. As long as voters vote PAP, they must follow orders from PAP.

    PAP objective is to ensure continued existence of Singapore Inc. Under Singapore Inc, the citizens welfare don’t matter. What matter is top executive running Singapore Inc must do what best for Singapore Inc survival. Singapore Inc does not equal Singaporean, Singapore Inc does not equal the Republic Democractic Nation of Singapore. The dead king-demi-god LKY, has ensured his legacy shall continue as long as Singapore Inc continues to exist. Only way to end his legacy will means the destruction of Singapore Inc. And 70% won’t dare to reimagine rebuilding Singapore Inc and take it for their own self instead of only belonging to PAP. They still haven’t woke up to the fact that Singapore Inc does belong to them.

    GD Star Rating
    loading...
  • oxygen:

    @ BETRAYED, HOPE YOUR DAD IS NOT INCLUDED in the bag of discarded retrench this time but (be that wish of yours be granted this instance) I still cannot see you living in false hope of fantasy forward of his secured employment thereafter.

    The reasons are plenty. This is ONLY THE BEGINNING of head chopping. I am sure, a lot more rounds of head chopping will come round in repeats IF THE ECONOMY TAKES A DEEP DIVE from this point.

    Look at it objectively, for all your dad’s dedication to his employers giving all he has got but that is NOT enough in a world of realities. Have you wonder why a book is so cheap of paper and print can be sold “cheaply” or “very expensively”. A paperback finance book costs less than $20 but a geology hard copy comes over $800 per monograph. A newspaper daily comes for under $1.50 only. Why? news publishing is COMMODITY-TYPE publishing, adds no new knowledge or information – OFTEN BIASED, PREJUDICED AND MOUTHPIECE in support of political agenda of the governing – therefore NO VALUE ADDED – unlike the geology book.

    When you and I get faster online objective, truthful and critical read in the social media, who wants to pay for propaganda saturation of rubbish political lies, fantasy and propaganda IF THEY GOT RETRENCHED from work and can’t afford to waste $$$$ in monthly subscription when they are also trying to cut down transport fares, even food/drink consumption? They don’t need to read print media looking for a job – those days are gone. Jobs are found online these days. So the easiest DISCRETIONARY SPENDING is frivolous spending on brain-farking reads in hard times.

    I get a compelling apprehension of SPH cold uncaring treatment of this restructuring exercise is that they also knew ITS EARNINGS AND FUTURE SURVIVAL IS ON THE BRINK OF PRECIPICE of sudden collapse of sales circulation & advertising revenue and therefore they should dispense with niceties at this starting point. It is pointless of formalities, better be practical as they have to wield the ax more brutally in the future as MORE AND BIGGER RETRENCHMENT TO COME if economy deteriorates further.

    People who got retrenched got a lot of time to read news of wider informational reach than any single print news media. Those whose jobs are insecure is going to cut subscription fast.

    So sadly even if your dad escape the guillotine this round, he could be included in the next.

    BRACE FOR THE WORST & PRAY FOR THE BEST. Print news is dying, shareholders disregarding.

    GD Star Rating
    loading...
  • Living In Ivory Tower:

    Can’t blame betrayed for the whole family to be worried sick.

    If only the Chairman and his Board of Directors including the CEO and the senior management take a pay cut there is no need to shed the 10% cut and all jobs will be saved.

    The sky will drop if they ever do that similar to the pigs still drawing their millions while peasant struggle daily.

    GD Star Rating
    loading...
  • NotMyProblem:

    @Betrayed, two lessons you can learn from here;

    1. In Singapore there is still master and slaves. When something bad happens slaves face the consequences, when something good, the masters get the reward.

    2. Union takes union fee from employees but Union sleeps together with Employers. Employers are not scare of Union.

    I can understand most SPH’s staff voted for PAP in last GE, together in the 70%.

    Next GE, join the 30%, you and you father can change these. It is not PAP vs Opps, it is PAP vs the people.

    GD Star Rating
    loading...
  • sph:

    SPH is still making $$millions$$, so laying off just to improve the bottomline more….employees? just digits, who reads the papers nowadays anyway?

    GD Star Rating
    loading...
  • LIONS:

    TYPICAL SGPOREANS who KPKB only when own skin gets scratched?

    your father proud of his company,SPH,you said?

    so,why COWPEH now?SKIN got scratched hard?

    So, the moral of the story,IF YOUR ‘COMPANY’ KEEPS TELLING ‘LIES’,IT WILL GO BUST,LOL!

    ‘YOU CAN BLUFF SOME OF THE ALL THE TIME;SOME OF THE PEOPLE SOMETIME BUT YOU CANNOT BLUFF ALL THE PEOPLE ALL THE TIME’ seems to be at play here?

    so,alas,AN ARISTOCRAP FORMER MINISTER CANNOT HOLD HIS COMPANY TOGETHER?

    IT REFLECTS BADLY ON MIWs!!!!

    GD Star Rating
    loading...
  • Sperm:

    He DESERVES it.
    Well over due.

    GD Star Rating
    loading...
  • Never a PAP voter:

    Ironically you will find the 70% will joke and join the shit talking and bashing of the useless Paper Generals and Ex-Civil Servants heading these GOV linked companies. But they wont dare vote against the PAP Policy Makers who made the decision to continue supporting these useless top executives.

    My guess they feel the past years of wealth accumulation will go to dust if they vote against PAP. Things like their HDB flat which have increase in value from 10 to 100 fold over the years, so they feel rich and grateful to the PAPigs. Even some will fear that SG dollar will crash without PAP at the helm, and worry about their accumulated wealth. That’s only reason why we have overwhelming complains about everything under the sun, and yet great win given to PAP.

    Singapore voters only know how to complain, cry mother, cry father, but have no future vision of what they are facing, and refuse to face reality. Thats why all these Foreigners find it strange, why these people only know how to complain. But nothing done to improve things and their own situation.

    GD Star Rating
    loading...
  • KNN:

    SPH is eithe sold to Fox News Channel, India’s Sun Tv or CCTV …both in the same league

    GD Star Rating
    loading...
  • rukidding:

    This place is “filled with hypocrites, Pimps and prostitutes” !

    For a start,….they are “lead by example” from a guy who has only 35% voters support and still act as if he is “really the majority’s choice” ??

    Ghee…this kind of Leeders…how not to act “crooked” ?

    GD Star Rating
    loading...
  • lyranto:

    Very sorry to say but your father and possibly some from your family must have been part of the 70%.

    GD Star Rating
    loading...
  • justacitizen:

    The rot is manifesting on the surface.

    GD Star Rating
    loading...
  • lyranto:

    By simple proportional representation, 70% of those retrenched in Singapore voted for your know who to get you know what. So what’s there to say except the majority got what they voted for. H/w in the case of SHP I dare say the percentage should be close to 90%. That’s why he signed of as Betrayed.

    GD Star Rating
    loading...
  • oxygen:

    @ Sph,

    YOU ARE PARTLY RIGHT AND PARTLY WRONG ON THESE OBSERVATION – it is NOT so simple matter of laying off employees to improve the bottomline. The problem is STRUCTURAL in nature and irreversible of the tide of decline. But you are certainly right to ask this – who reads the papers nowadays anyway – something @ Betrayed, the author of this article, seems blissfully unaware.

    sph: SPH is still making $$millions$$, so laying off just to improve the bottomline more….employees? just digits, who reads the papers nowadays anyway?

    I agree more with the thoughts of Brutal_truths expressed thus

    Brutal_Truths: @ Betrayed Very hard to feel sorry for your dad & your family! I’m afraid! The writing was on the wall for such a long time (almost 2 decades) yet your dad was so oblivious to the impending signs of digital media disruption.
    C’mon, didn’t you or your dad read about the online global news/media blogs as well as see the disruptive effects happening on the ground – Classified & Jobs Ads being eroded by online alternatives; Advertisers migrating to social media & online websites? Was your dad & your family sleeping through 2 decades & only woke up yesterday?

    I checked the FINANCIALS of SPH 2015 Annual Report and its Chairman’s statement to shareholders. If U look at their balance sheet, 60% of SPH’s total assets is deployed in investment properties and of latest financial result, that provided almost 50% of its earnings base. Their pre-tax operating margin is 30%. Take out the properties rental income, the operating margin shrinks to 15% and earnings per share is 10c (instead of 20c inclusive of properties income) Their investment properties include Paragon and Seletar Mall – both vulnerable to retail downturn in recession and erosion to online shopping. They have prime residential properties in development but these are one-off income when sold if profitable in property market downturn now.

    With properties earnings in decline and publishing sliding fast, it is no wonder SPH earnings decline by 50% in 5 years.

    Question is how can SPH continues to pay generous dividend in the face of fast declining earnings to keep its shares afloat of valuation decline when both its core businesses of property and publishing is falling fast?

    to be continued.

    GD Star Rating
    loading...
  • Python 5:

    Betrayed, this quote is for you.

    If you cannot make them see the light, make them feel the heat – Ronald Reagan.

    Sperm:
    He DESERVES it.
    Well over due.

    GD Star Rating
    loading...
  • No Sympathies Lah:

    Irrelevant question!
    The whole litter – definitely vote for the party of pigs.

    The less than 30% is having a last laugh. We told you so.

    Python 5:
    To Betrayed and your father,
    Which party did your father and you voted during GE??

    GD Star Rating
    loading...
  • oxygen:

    Continued from above, SPH properties exposure does NOT come cheap of risks of downside losses. Examination of its balance sheet showed SPH has a non-current debt borrowing of close to $1 billion – I believe, it is all property-related financing.From a very low base of cheap interest financing, the costs of capital in property development and holding could escalate dramatically if interest rate rise adding to SPH woes forward. News publishing is a LABOR INTENSIVE, not a capital intensive business of recurrent operating costs and the best meat to butcher off of costs has to be publishing staff as most of the printing work is technologically automated.

    HENCE THERE WILL BE RECURRENT ROUNDS OF STAFF RETRENCHMENTS GOING FORWARD – unless and until SPH can reverse its publishing fortune. This is very hard to do – the Chairman’s statement warned of a “deeply fragmented landscape” in publishing. THAT IS EXACTLY RIGHT.

    Consumers are going digital – unstoppable trend. But Singapore is too small a market of each digital niche or segment of this highly fragmented landscape that growth will be slow, VERY EXPENSIVE TO DEVELOP, MAINTAINED AND SUPPORTED TO SUSTAINABLE PROFITABLE online publishing. In that pathway, it is BLEEDING the developer (SPH) like a near dead corpse on the road hit by a MOE rubbish truck running over the dying injured.Take a look at the online publishing of SPH, it is a SMORGASBOARD of buffet many multiples of what is on offer in a hotel buffet lunches – every dishes on display is probably losing money – big and small – except for its mainstream core products like ST, Business Times and Zaobao etc. Even the core products are seeing declining print circulation offset by increasing online readership BUT THAT IS MISLEADING, without the hard copy print, who is reading and paying for online reads of SPH core products? Few I guess if it is paid read for online access of limited coverage.

    And look at how they are going to combine New Paper with Today, focus on business news rather than tabloid soapy contents of entertainment in New Paper. BUT I THINK THAT WILL CANNONBALISE the read of ST’s business section unless ST wants to focus on obituary and supermarket discount advertising since job adverts are going online. Real estate will probably go to BT. Saving New Paper might kill of ST faster undermine BT.

    IT IS A BIG RISKS FOR SPH of this restructuring, if it didn’t work within 6 months, my bet is MORE RETRUCTURING AND RETRENCHMENT COMING!!

    GD Star Rating
    loading...
  • William C:

    Since your father worked for SPH for years, I am 70% sure he voted for PAP all these years. Now cpcb say not fair?

    How about about people fathers who are layoff and ISA for years?

    Sinkies must kena then realise the truth. Anyway 70% will still not repent and continue to vote for them.

    70% all repent also no use now. They have enough new citizens to offset the result.

    GD Star Rating
    loading...
  • oxygen:

    I SEE SPH AS MORE OF A PROPERTY STOCK than a publishing media stock. With 60% of its total assets base employed in investing in property-related business, any downturn in property market, particularly in retailing, must mean a lot of debt-financed resources trapped in unproductive idle investments. SPH cannot afford to financially support its current strength of publishing business if and when adversities hit its property portfolio.

    In recent years of good times, the earnings from property business support the costs of maintaining and developing SPH publishing business – particularly its digital publishing. In tough times, I see a lot of retrenchment to come in its digital publishing segment unless each product can demonstrate positive earning contribution in its own rights and contributing to overall corporate overheads as well. That is a big ASK.

    But putting a knife to unprofitable digital publishing is going to kill of the print publishing even of core products like ST, BT and Zaobao. I see the current restructuring as a very tough turnaround effort, and that will be harder in 2017 if global economy deteriorates further as I expects. Contrary to what @Sph said above in this thread, DOWNSIZING has risks of collateral damage across product line and of costs overhead can’t be eliminated (like depreciation and interest costs on $1 billion borrowing financing charges).

    Without a turnaround, the forward journey seems to be a controlled managed slimming of costs and operation and that means continuing retrenchments to come. This current retrenchment is BUT THE BEGINNING IN THE FIRST STEP of coming to grip with market realities – print media publishing globally is going the way of much reduced size and a lot of those writing/editorials staff consigned to the dustbin of career history – inevitable.

    IT IS THE SAME DOWN UNDER.

    Readers wants breaking news on digital and it must be brief, reliable and unbiased of content – without this – it is the end because social media fire will burnt through the papers of lies (itself adding to the fuel of burning destruction of) in print faster than you tie your shoe lace or change your underwear in the shower. It is A LOT EASIER to delete online subscription than print subscription.

    I am sure Pravda and China Daily or North Korea Times has no noticeable domestic digital readership online in each of these countries.

    GD Star Rating
    loading...
  • HARD TRUTH:

    There was a time when to be a staff of SPH (more accurately, STP: Straits Times Press and not the ball-stroking propaganda machine created to serve PAP interests) gave one some pride. You actually did reporting and fairly real newspaper/media work. But that was eons ago.

    I’m surprised and sad that there are people, including the naive writer of this article, who actually believed his Dad had joined a professional media outfit. He never had. SPH is just another soulless cog in the system. So to now KPKB is sheer stupidity and a waste of time. Move on. Grow up.

    GD Star Rating
    loading...
  • Who did you vote for?:

    After the vote pigs for lift -upgrading policy was implemented, sinkies were cultivated to become selfish and self-centered.
    SPH churned out propaganda for decades—your dad was part of the Goebbels machine.
    He must have known; you do not have our sympathy.

    Ho Lee Seet:
    Why do people only feel the pain when the misfortune falls on you or your family members? Speak up only when you’re the one who got hurt?

    If only Singaporeans would open our eyes, or stopped to think, everyone unite and do what is right for sg and fellow citizens, then we can all avoid being betrayed by the PAPies and their cronies.

    Everywhere, in govt agencies, majority big organizations and even in almost all our sports associations, top posts are occupied by members, relatives and cronies of the pap. When heads need to be cut, heads need to be rolled, it’s definitely the ordinary you and me, not even the FTs and never those on the top with hundreds of thousands or million dollars pay check.

    It’s been from bad to worse and worst is akan datang yet Singaporeans choose to remain ignorant. Have all those who voted for the pap 1 yr ago to let them remain the ruling party spared a thought for our children and the future generations? If our plight is such, what about the future of our children? What would they have to go through if we are scared and refused to make changes now?

    GD Star Rating
    loading...
  • Failed clowns:

    Welcome to the real sinkpore. It’s about time more dafts wake up from their slumber. And ask the right questions of the failed parti.

    GD Star Rating
    loading...
  • oxygen:

    IT MAKES GOOD BUSINESS SENSE to keep this downsizing exercise in the lowest profile of pretended trivial pursuits as much as possibe.

    Surely @ Betrayed is somewhat naive to expect SPH to give this retrenchment the drama of excitement and public sympathy including shareholders’empathy he/she is looking for.

    That won’t happen.

    Surely SPH can’t be putting on its HEADLINE READ FRONT PAGE and FULL FRONTAL IN THE BIGGEST FONT OF PRINT POSSIBLE of “WE ARE DOWNSIZING” or even “WE ARE SLIMMING to give you better reads”, right?

    Their readers, upon reading such prominent of headline news read probably be asking themselves this – what have I or how much have I been subscribing for print media which now seeks to “improve” on its product quality (to give you better reads promise etc etc) or why are others cutting off their subscription ( resulting in this necessary downsizing and WHY I am also paying X cents to read the New Paper which is going to be free henceforth in merged publication)?

    Maybe I, as a loyal subscriber till now, should also be cutting my subscription too of X dollar “wasteful” spending per month now? Who knows they might come back and give us “free copies delivered to door as well” henceforth – just like the New Paper?

    When that readers reaction snowballs into mass subscription cancellations, who suffers the most? THE SHAREHOLDERS!!!

    @ Betrayed is a bit too naive to think shareholders will come to his daddy’s rescue. It is tantamount to expecting MAU KU LAU SU ( the cats will all cry in unison seeing the rat dies) analogy. It won’t happen.

    Shareholders are all looking for big profits and dividend cheque in the mail or banking accounts, not who got retrenched soon or in the next cycle. It is their invested capital at risks – not the employee’s job security needs is of highest paramount considerations. I am NOT a shareholder of SPH but I know what the typical sentiment is – WHAT IS THE NEXT DIVIDEND AMOUNT AND WILL MY SHARE PRICE GOES UP FROM HERE!!

    GD Star Rating
    loading...
  • Mother-in-law & Son:

    I wonder who his father voted all his life?

    GD Star Rating
    loading...
  • Collect Cardboard:

    Who did you voted for?
    Do you think the shareholders will have your interest? They won’t listen to you.
    No real union here too, your dad should go collect cardboard for living.
    People always have to wait until it’s too late to realize their mistakes.

    GD Star Rating
    loading...
  • Rats can't vomit:

    First they came for the Socialists, and I did not speak out—
    Because I was not a Socialist.
    Then they came for the Trade Unionists, and I did not speak out—
    Because I was not a Trade Unionist.
    Then they came for the Jews, and I did not speak out—
    Because I was not a Jew.
    Then they came for me, and there was no one left to speak for me.
    -Pastor Martin Niemöller

    GD Star Rating
    loading...
  • Rats can't vomit:
    GD Star Rating
    loading...
  • Hhh:

    You voted PAP right? So will you vote against now?

    This is how PAP does things….

    The answer still no… then complain for f?

    GD Star Rating
    loading...
  • HANDCUFF:

    https://dtcl******.blogspot.my/2015/09/the-loony-fringe-of-singapore-politics.html?m=1

    Hhh:
    You voted PAP right? So will you vote against now?

    This is how PAP does things….

    The answer still no… then complain for f?

    GD Star Rating
    loading...
  • Lao Wong:

    BEING betrayed by SPH is a personal misfortune but being betrayed by PAP is a NATIONAL tragedy which I see is irreversible.

    The country is riven by national disunity.

    A leader who’s interested in only national disunity to remain in power must be booted out ASAP. 70%of voters are so blind as not to realise such a leader is NOT interested in your welfare but his own, his family and cronies.

    They will flee when the axe falls.

    Flee if you can. Make plans now.

    A family Friend and his family have already left SG for good. Living in a big bungalow now with a brand new car costing only $30,000.

    Here daft Sporeans even say $100000 bread and butter car is cheap.

    They deserve to be boiled alive by PAP.

    GD Star Rating
    loading...
  • Dico:

    Wake up! You are ruled by a group of elites who only cares about profits! Welcome to Singapore Inc!

    GD Star Rating
    loading...
  • Tan Choon Hong:

    “Why can’t SPH work with the union earlier to save jobs? Scared of union ah?”

    The union is there to keep workers under control so they can’t fight for their rights unlike in other “developed” countries. It is in cahoots with the management to toe the party line (disseminate party propaganda) and ensure a bigger share of the profits for the management (deadwood party stalwarts).

    You are right. Betrayed for believing in the gahmen promises. Come election time your dad will have his revenge. Or will he be too scared like the other 70%.

    GD Star Rating
    loading...
  • Can run but cannot hide:

    Say hi to your kids Oxygen.One is in HK right.

    LIONS:
    TYPICAL SGPOREANS who KPKB only when own skin gets scratched?

    your father proud of his company,SPH,you said?

    so,why COWPEH now?SKIN got scratched hard?

    So, the moral of the story,IF YOUR ‘COMPANY’ KEEPS TELLING ‘LIES’,IT WILL GO BUST,LOL!

    ‘YOU CAN BLUFF SOME OF THE ALL THE TIME;SOME OF THE PEOPLE SOMETIME BUT YOU CANNOT BLUFF ALL THE PEOPLE ALL THE TIME’ seems to be at play here?

    so,alas,AN ARISTOCRAP FORMER MINISTER CANNOT HOLD HIS COMPANY TOGETHER?

    IT REFLECTS BADLY ON MIWs!!!!

    GD Star Rating
    loading...
  • All In The Familee:

    up for sale:
    Perhaps SPH may be going up for sale?
    To foreign or independent entity?

    This will never happen. How else to make sure that people read and hear the right things??

    GD Star Rating
    loading...
  • Brutal_Truths:

    oxygen: Question is how can SPH continues to pay generous dividend in the face of fast declining earnings to keep its shares afloat of valuation decline when both its core businesses of property and publishing is falling fast?

    ANSWER: Whatever SPH dividends you get now is simply CAPITAL REDISTRIBUTION – it is not income & certainly not from income growth! And that is why SPH share price is falling!
    From: http://www.tremeritus.com/2016/10/15/sphs-revenue-decline-for-4-consecutive-years/

    oxygen: Their investment properties include Paragon and Seletar Mall – both vulnerable to retail downturn in recession and erosion to online shopping.

    The Paragon is part of SPH REIT portfolio which is a separate entity from parent/sponsor SPH. Anyway Paragon isn’t a shopping mall but rather a high end luxury goods showroom! How many people really can afford the stuff from Paragon is questionable as many of the exclusive shops there are devoid of customers! SPH wisely kept Seletar Mall which is a regional shopping mall in Sengkang for cash flow purposes.

    oxygen: Examination of its balance sheet showed SPH has a non-current debt borrowing of close to $1 billion – I believe, it is all property-related financing.From a very low base of cheap interest financing, the costs of capital in property development and holding could escalate dramatically if interest rate rise adding to SPH woes forward. News publishing is a LABOR INTENSIVE, not a capital intensive business

    SPH minority shareholders are hoodwinked in thinking they are holding a defensive media stock when it is a property development company much like City Development & Capitaland (both laggards in this current stockmarket) albeit at a much smaller scale. But the risk are totally different between media & property development companies – the former are a lower risk class of stock but the latter is a higher risk cyclical stock as property development requires higher leverage hence the exposure to capital cost shifts from interest rates as well as a cyclical market that cuts both ways. SPH minority shareholders don’t know what they’re in for!

    GD Star Rating
    loading...
  • your father prostitute:

    Son, youre father is a prostitute.
    Be happy for him.
    In fact the rest of us are happy for these prostitutes

    GD Star Rating
    loading...
  • Simple:

    I taking cardboard collecting

    Courses.

    GD Star Rating
    loading...
  • Neo:

    After running NOL to become a submarine business, SPH may become the next. LOL….. Paper General ah Paper General… Too OVER RATED. Biting more than you can chew. Can means can. Cannot means CONDEMN. Obvious isn’t it of what paper general can do?

    Everything become covert and go underground…hahahahaha

    GD Star Rating
    loading...
  • billyma:

    Pretty sure that before today, the writer, the father & most probably the rests of the family voted PAP.
    Life was good then & also pretty sure they attribute it all to PAP.

    But now the lighning striked & they got hit.
    Suddenly PAP is not so good after all isn’t it?

    So when everybody else are suffering, the family feel nothing since their own lives were good.
    So now they want everybody to feel pity for them.

    Go see your PAP MP dude.

    GD Star Rating
    loading...
  • oxygen:

    @ Brutal_Truths

    THAT IS EXACTLY WHAT I MEANT – without the high dividend payout now (unsustainable of falling profits) – where are all the loyal shareholders looking for the proverbial pot of gold in the rainbow of hope of their share values

    Brutal_Truths: Whatever SPH dividends you get now is simply CAPITAL REDISTRIBUTION – it is not income & certainly not from income growth! And that is why SPH share price is falling!

    As for Paragon, they bought it in 1997.

    Brutal_Truths: The Paragon is part of SPH REIT portfolio which is a separate entity from parent/sponsor SPH. Anyway Paragon isn’t a shopping mall but rather a high end luxury goods showroom! How many people really can afford the stuff from Paragon is questionable as many of the exclusive shops there are devoid of customers!

    And if you checked its 2015 annual report at page 217, their effective share of stake in this commercial property is 70% despite putting a part of it into SPH-REIT.

    http://www.sph.com.sg/system/misc/annualreport/2015/SPH_AR2015_Final.pdf

    Its asset represented in Paragon is therefore consolidated in the financial statement of SPH. So it is a very costly investment to hold with nearly $1 billion of debt financing strangulation.

    GD Star Rating
    loading...
  • Dumber than Dumb:

    So did you wake up now? Or still remain dafts? Many remain as dafts even after 51 years.

    GD Star Rating
    loading...
  • 70% Daft Sinkies:

    As Lao Goh used to say “I’ll be very worry if there is no retrenchment”. Get it Lao Goh retrenchment is coming your way.

    GD Star Rating
    loading...
  • Anonymous incognito:

    This wouldn’t be a problem if the govt’s oppressive rules concerning press ownership didn’t exist. This is Lee Kuan Yew’s pernicious legacy of wanting to control the media so he could manipulate reality to his liking.

    If the govt had a more relaxed attitude, the local media would’ve embrace digital content a long time ago and employees would be working at different companies at different times. Publishing would also be much more diverse and flexible. Instead what you have a totally stagnant monopoly that’s so stuck in its ways that it manages to lose money. Everyone’s fed up with the products and prefer to let too big publisher die

    GD Star Rating
    loading...
  • No Year End Bonus!:

    The hint is everywhere!

    Civil Servants may not get anything extra this year (of course there will still get the 13th month pay, which actually is not a bonus!)

    GD Star Rating
    loading...
  • PAP's Fault:

    PAP and their ardent supporters might refuse to believe this, but almost everything is PAP’s fault.

    LKY tries to control everything, so most problem can be attributed directly to PAP. We can see his hand everywhere.

    PAP ardent supporters mistakenly believe that everything he touches turns into gold, this is not true. E.g. Graduate Mother Scheme, Stop At Two, You Die Your Problem. He might be very proud for himself for creating this elitist society, but I believe this is a shortsighted approach, and will lead to the self-destruction of a society.

    Even though big fishes eat smaller fishes, both are equally important. Without the smaller fishes, the big ones would starve to death too. A society that benefit mostly the big fishes is not sustainable.

    Anonymous incognito:
    This wouldn’t be a problem if the govt’s oppressive rules concerning press ownership didn’t exist. This is Lee Kuan Yew’s pernicious legacy of wanting to control the media so he could manipulate reality to his liking.

    If the govt had a more relaxed attitude, the local media would’ve embrace digital content a long time ago and employees would be working at different companies at different times. Publishing would also be much more diverse and flexible. Instead what you have a totally stagnant monopoly that’s so stuck in its ways that it manages to lose money. Everyone’s fed up with the products and prefer to let too big publisher die

    GD Star Rating
    loading...
  • Karma:

    This might sound harsh to you at this time but I will still say it.

    Your dad has built a career out of poisoning the minds of millions of Singaporeans. He is doing evil so such karma is well deserved. It’s still not too late to repent.

    GD Star Rating
    loading...
  • conu the snake:

    A company is similar to a family to some extend.In bad times the father and mother share with the children what little they have, they will not say since I am the bread winner I will continue to have the same share as in good times.Actually the reverse is true most if not all parents will give all the food to their children and they themself go hungry.

    The CEO and top management MUST TAKE A PAY CUT and keep their staff.A company not doing well is the responsibility of every one in the company.The sensible thing is to have a pay cut across the board in order to keep jobs.Job cuts is THE LAST RESORT.It is UNFAIR AND UNJUST for top managemnt to continue being paid MILLIONS and retranching the low level workers.

    GD Star Rating
    loading...
  • Hitlery Rottendam Clingon:

    up for sale:
    Perhaps SPH may be going up for sale?
    To foreign or independent entity?

    This won’t happen simply bcos :
    1. The Role it plays.
    2. Even if foreigner buys part of it, the control will still be with u-kno-who.

    Are you so illiterate about politics?

    GD Star Rating
    loading...
  • Trump the Demagogue:

    Change is good
    Change keep you going
    How come change make you feel so sad?

    SPH is NOT the only guys that is LOST

    We are all LOST in the future
    The “Old Structure” is destroyed
    We don’t have the answers, let be honest

    You are about to be retrenched
    We guess you are not so special after all
    We are not so special after all

    Singapore workers
    We taught Chinese, we open skills upgrading India
    What’s so special about Singaporeans workers?
    Singapore is overpriced workers
    Singapore is expensive place to do business
    Singapore workers is not so special
    Singapore produce average products
    Singapore is like USA, UK, Japan, Europe
    Singapore fully developed country expensive food, expensive rentals, expensive education

    Technology is HERE TO STAY, the OFFICAL approved message
    Driverless Taxi = 100% Singaporeans overprice workers
    Driverless Bus = 45% Malaysians, 45% Mainland Chinese, 5% Singaporeans
    Today, all the industrial tenants said:”HDB had pass the baton to JTC.
    We predict 70% of the SME tenants will NOT MAKE IT,
    This is a disaster
    Masses laid off, after 2 years JTC might rise the rentals
    We know JTC well, they are NOT HDB, & HDB is not JTC

    GoodLuck

    Why should you be different? We are HURTING TOO, badly.
    Don’t preach to us…..technology is here to STAY, that you are exceptions to the rule
    We are on the SAME BOATS,
    Livelihood rice bowls are all at stake

    GD Star Rating
    loading...
  • Jman:

    Unfortunately there is never a pleasant way of parting company in a retrenchment exercise. Staff will never get any heads up whatsoever. It is just way too sensitive a topic to bring up.

    GD Star Rating
    loading...
  • Sperm Ejaculator:

    Driverless car increase productivity simply by getting rid of the driver.

    Your dad can sign up to be a hawker.
    Likely to get injuries due to work.
    Maybe , do volunteer work.

    Enjoy his cpf earning high interest in CPF.

    Excuse me for now, I need to bangsai.

    GD Star Rating
    loading...
  • oxygen:

    LOOKING AT THE FINANCIAL STATEMENTS in its 2015 Annual Report, I think SPH is a VERY DIFFICULT corporate animal to turn around – even with the skills of the best “corporate doctor.”

    The financial numbers say it all. SPH’s investment properties before minority interest deducted was nearly $4 billion. And out of that is debt financed to the tune of nearly $1 billion. Total Asset was $6 billion and net equity was $4.4 billion.

    That is 60% of its total assets tied up in investment properties which is supported by a debt of $1 billion but that yields rental income of only 20% of its earning base before tax with gross revenue coming in at roughly $230 million before costs. That tells me the gross REVENUE yield is VERY POOR of a mere 5.7 % per annum on invested capital. Net of premises costs, the rental yield might fall to slightly over 3%.

    Please read page 68 & 121 of its annual report.

    http://www.sph.com.sg/system/misc/annualreport/2015/SPH_AR2015_Final.pdf

    Rental income is 20% of revenue base, but advertising/circulation was about 72%.

    GIVEN THIS IMBALANCE OF OVERWEIGHT RELIANCE ON PUBLISHING REVENUE relative to property income, it is UNLIKELY THAT property income growth can even remotely offset any further decline in its media business. On the converse side, property is HEAVILY CAPITAL INTENSIVE – consuming 60% of asset base but yielding only 20% of revenue inflow. I conclude it is IMPOSSIBLE for SPH to reverse its declining media fortune with further investment in property sector. Its balance sheet CAN’T SUPPORT that weight of financial pressure – noting that property investment has been such low yield diversification since 1997 acquisition of Paragon.

    I doubt SPH can escalate its balance sheet taking another $1 billion in debt and another $3 billion in equity raising (which means earning dilution per share ahead) to fortify growth in property income to offset the continuing decline in its publishing business. Shareholders will be angry.

    SPH has to turnaround its media business or it continues the pathway of decline of its earning performance as circulation keeps falling.

    STAFF COST IS ITS BIGGEST EXPENSE ITEM OF 44 % and material is 20%, so it is LIKELY THAT MUCH MORE RETRENCHMENT IS STILL AHEAD LIKE IT OR NOT if

    - global economy deteriorates further, and/or

    - digital migration of readers depletes its circulation and advertising revenue forward.

    Anyone disagreeing?

    GD Star Rating
    loading...
  • Confused Singaporean:

    i believe the writer’s father had voted in the PAP since donkey years ago. granted back then he likely saw improvements to his life because there was space to improve everything.

    fast-forward to around 2000, we started to feel and see a downtrend.

    we were maxing out our potential to grow at a sustained pace.

    but the writer’s dad kept with his status quo mentality.
    he probably thought that SPH was sort of an iron rice bowl.

    now that he has finally gotten burnt, he is put at a cross-roads not by his own choice.
    welcome to singapore my friend.

    my dad was also in the same boat about 2yrs ago. wasn’t retrenched but got to his golden goal of forced retirement.
    no amount of hard work in the past, no amount of “all bull talk and no action” from the government to entice employers to look beyond an employee’s age, would change the rules of the game.
    my dad voted in the PAP as well from donkey years ago.
    i think he finally woke up about 2yrs ago.
    but by then, the train had passed.
    no point crying over “what or how things could have been”.

    he is not living the ultimate singapore dream…. he is taking up his taxi license.

    so, my advice to his son is, no matter what bullshit paper qualifications you have, you are slated to be a taxi driver in your golden years.
    use this time to get your driver’s license if you haven’t already done so.

    it will help put food on the table in your golden years.

    it is your qualification to survival.

    he hasn’t reached the stage of collecting cardboard boxes just yet.

    GD Star Rating
    loading...
  • RDB:

    HEY you @Ho Lee Seet: October 19, 2016 at 2:08 pm (Quote),

    You assume without even reading and understanding @Betrayed’s article lamenting of SPH properly did you? You queried this writer as follows and 64 chaps did the same as you to carelessly to vote for you for your following query?:

    “Why do people only feel the pain when the misfortune falls on you or your family members? Speak up only when you’re the one who got hurt?”

    So including you, did 65 of you read @Betrayed’s following point?:

    “This last few days is a very bad one for my family.

    It is frustrating for my dad to learn that the company that he once so proud of, is so heartless and totally disregard the livelihood of staff. We still don’t know if he will lose his job, and when he will be asked to leave.”

    No wonder some 70% couldn’t give so low class give L$L their votes in GE2015! Especially the PG who got 3 x $300, but with $300 ONLY AFTER that GE and DON’T EVEN know WHY till now?

    Q1: Why so daft know not it was a psycho game by L$L he played on them that without PAP in absolute 2/3s majority in parliament they may not get the last $300 PG payout!

    Q2: Also know not too that PAP without 2/3s majority with be MORE inclined to pay that last $300? As well as WHY would opposition want to oppose it with more than 1/3 MPs in parliament to incur the wrath of their opposition supporters?

    Q3: AND, do you all even know that at 7% GST with assumed yearly $10K MINIMUM spent by a PG couple, they would have PAID in 4 years a TOTAL GST of $700/yr x 4 = $2800? Also, it happened that SG50 was in 2015 and not in 2016, or you would PAID $3500 GST MINIMUM for 5 years! SO odes BOTH PG & their children very happy papa & mama know together GOT BACK $1,800 out of $2,800 GST? AND ONLY because it was SG50 & L$L cunningly then made 2015 a GE year?

    Q4: Know too that when GST was raised from 5% to 7%, L$L CLAIMED THAT IT WAS TO HELP THE POOR? = THE NEW POOR that WP’s Low Thia Khiang said in Parliament many years ago that PAP made?

    Q5: And what of the much more GST that the PG couple’s children WITH own children spent in that 5 years too? So, know or not too that L$L is only taking from TWO generations GST PAID for to redistribute to PGs for SG50 & then for the Utility, SC&C, Medical Bills is good? Go to Q6.

    Q6: Polyclinic doctor fee is about $40. Your private GP charge you that? NO! it is all of Lee KY’s political grease! G hospitals Specialists Clinics etc fee not same high for CON G “Subsidies”? Check UP!

    GD Star Rating
    loading...
  • oxygen:

    THE “SQUEEZE” HAS ONLY JUST BEGUN, @ BETRAYED don’t understand what is happening around to his dad and family yet. I earnestly hope they are NOT trapped and buried under a HUGE UNDERWATER MORTGAGE on top of their current woes.

    For the rest still in employ at SPH, the train wreck is slow motion of start now could pick up in momentum unless the (unlikely) declining fortune and economy turns around quickly.

    Take a look at this -

    http://www.channelnewsasia.com/news/business/singapore/singapore-rig-builder-keppel-cuts-jobs-as-profits-slump/3222664.html

    Senior managers at Keppel Corp (retrenching 8,000 workers soon) are TAKING VOLUNTARY PAYCUT. The marine sector and publishing are LABOR INTENSIVE business and management costs structure tends to be TOP HEAVY as well. My suspicion is that even those who survive this down cycle of maybe a few years or even through the next decade WILL PROGRESSIVELY SEE PAYCUT (or else the revolving door is ever welcoming of exit never to return) from this point.

    As our economy stumbles and interest rate likely to move up later this year or at least in 2017, mortgage pressure will piled up as lower pay means lesser CPF contribution (zero for those retrenched) and tighter cash living budget already crushed by successive paycut – a nightmare of trapped circumstances.

    SHAREHOLDERS ARE UNLIKELY TO BE MAGNANIMOUS – contrary to what @ Betrayed prayed earnestly for – but instead likely to be stridently pressing for steeper costs cuts in the face of falling revenue/profits and demanding even high dividend to cushion their own financial pressures.

    The Board of Directors in SPH is likely to come under intense shareholders’pressure for profit and dividend payout performance.

    If there is no turnaround after consecutive years of profit decline, disgruntled and disillusioned shareholders will sell out depressing SPH share valuation making capital raising more difficult and expensive to turn around an near impossible recovery situation of trapped declining fortune in its two core business – property and publishing. Its balance sheet is already heavily asset laden held down by $1 billion in debt.

    FURTHER SLIMMING OF CORPORATE FAT must mean more retrenchments coming, I STRONGLY SUSPECT, maybe on a bigger and accelerated rate in 2017.

    Can SPH restructure its business model to survive the turbulent change?? They have to ask and answer this question themselves.

    GD Star Rating
    loading...
  • Wife's Young Mother:

    TO ALL RETRENCHED,

    Singaporeans Accepted all policies citing Boh Bian.

    So, why worry when you get retrenched?
    Its Boh Bian what ?

    Casino : boh Bian.
    Online Casino : boh Bian.
    COE : ditto.
    Erp : ditto
    Electric hike : ditto.
    Influx : ditto.
    Levies : ditto.
    Stop at two : ditto.
    Cpf : ditto.
    L&L : ditto.
    Effectively effectivelss oppo : ditto: .
    Haze & tB & dengue & zika : ditto

    So, history has documented that EVERYTHING they accepted citing bohbian.

    Your father retrenched? BOH BIAN la.

    GD Star Rating
    loading...
  • MikeK:

    What a stupid moron ! If it’s circulating in the office of an impending retrenchment , chances is ITS for REAL!!!!! Retrenchment is a COMMON illness ONLY for SINKIEs , don’t you get it !!!!!
    I m DEAD sure your dad , and probably YOU are fans of the Lightening BOLT , so WHY complain and feel betrayed ? Oh well, are YOU awake or still in slumber? Wake up , get real , look around you . why do you feel at age 55 your dad is going to gave a hard time looking for another job ? Why ??? Ask yourself , why the discrimination ? Why ? Simple , the Aliens have arrived and they are still coming in bigger numbers ……daft indeed

    GD Star Rating
    loading...
  • mingyang meets ahloong:

    errr… someone forgot to tell that sph stands for singapore pappies holdings???

    GD Star Rating
    loading...
  • Question for Warren:

    Warren

    When will Shit Times be distributed free of charge? You know that nobody will buy it if you drop its price to $0.10. Time for you to get a taxi vocational licence or learn from Hed Chef how to cook chicken rice.

    GD Star Rating
    loading...
  • Python 5:

    one day, SPH will be called sudah pun habis.
    already finished.

    GD Star Rating
    loading...
  • zultan:

    Sorry about your father, Betrayed. Unfortunately, that’s the hard and brutal truth.

    PAP’s objective is money, and money only. Your father, for his dedicated contributions will mean nothing if it does not help PAP get more money. Same when it comes to votes. With 70% of votes, they can do anything they want. That’s the message Singaporeans are telling PAP.

    That’s why Singapore is in deep trouble.

    GD Star Rating
    loading...

Leave a Reply

 characters available


SPONSORED CONTENT


Members Login
Sponsored Advertisement





Search On TR Emeritus
Sponsored Advertisement



Advertise on TR Emeritus
Most Recent Comments
  • Bernard K: Negative disloyal fo rmer Sinki: You come around with different monikers and disparage...
  • Only Quiters In TRE: These arguments are no different from PAP stooges calling opposition supporters unpatriotic. No...
  • flabbergasted: LIONS: So,USA will come to our aid? Wait ” LOONG LOONG “. Lets just say i am not one who is for...
  • MarBowling: Not only the tits, looks like the balls and LJs of all those Top Gun$ involved in this Interesting...
  • Pay Millions For Dumbass: lyranto: No! Singapore have to stand by her words. Leaders of SG have to take a stand if...
  • flabbergasted: Sharon Ann Gabriel: PM Lee’s scant respect for China was an inappropriate geopolitical...
  • Pain Not Enough: Singapore Fooled Aga in n Again: Nonsense article. Apologise = Governed by...
  • Dafts Will Be Dafts: china needs other� 32;countries: What is so fantastic about this...
  • A Nation Of Dumb Parrots: Know your place in this world, survival and welfare of the people of this country is far...
  • MarBowling: China under XJP has changed from a sleeping Tiger to BECOME a ROARING Tiger. Even bf he became the...
  • liatbokiu: What is new in this article? All had been repeatedly said by others all over the places.
  • Sure or Not?: People at TRE seem to start talking in a way that Trump is a hero, caring for the welfare of his...
Support TR Emeritus
Support TR Emeritus:



Advertisement
Readers Statistic
Latest Statistic
Announcement
Advertisement