Why Dont The Hypocritical Pap Owned Businesses Compete On Global Stage

Why are they sucking money out form the locals?

First they tell citizens ” u are competing on global stage” . But look at them. they dont even compete on global stage with innovation or ideas. Sad sods. the global stage companies has pricing and services cheaper than Singapore, and the wages they pay their employees are also much higher.

SO why dont these hypocrites compete on such scale and stop their monopoly on Singaporeans?

open up the basic services sector like energy, transport and others foreign companies please.

AND stop being hypocrite!

 

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22 Responses to “Why Dont The Hypocritical Pap Owned Businesses Compete On Global Stage”

  • Zorro:

    Please don’t even suggest that. Things are bad enough as it is. If they were to try their luck on the global front where real talents are necessary, they’ll just lose all our money.

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  • patriot of Temesak:

    Hypocrisy is their HALLMARK….take a look @ NTUC Fairprice….what is so FAIR??? when most Products they sell are HIGHER than most retailers….the Profit Margins added is an astounding min 50%…as Direct Importers, they can easily sell at a Price more Competitive than other IMPORTERS…but NO!!! they price it at a level MAKING consumers PAY for the Profits they earn…Look into ABC pricing and you will KNOW what I mean…as for ABC I laud them for giving a good DEAL to Consumers even though they have limited varieties.

    Hypocrisy Cheat & Liars are their Hallmarks!!!

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  • Say What?:

    govt should just govern the country and protect its citizen and let the entrepreneurs do business in sg. Unfortunately, the govt sticks its finger in local business and make entrepreneurs lose money eg 7-11 vs cheers…kopitiam vs ntuc foodfare….insurance vs ntuc insurance…land developers vs mapletree (hence the high rental and additional gross turn over) and the list goes on….

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  • Sinkies Deserve It:

    You think the likes of Lee Hsien Loong, Ho Ching, Tony Tan, Desmond Quek, the NOL sinker, and other paper generals can compete on the global stage? Use your toes to think! Without local monopoly and unfair advantages, these people can survive competition? Without money from Centrol Ponzi Fund, local GLCs long gone already.

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  • Food for thought:

    PAP model is to rely on foreigners.
    Keep corporate tax low to attract foreign companies, billionaires, millionaires, FTs and workers.
    Push up market prices and “subsidize” people where necessary to win their votes.
    The profitable companies are the usual suspects – banks, property developers, real estate companies, insurance companies.
    Failing companies like SPH, SMRT, SBS are getting into the property market that is too important to fail.
    If one can make tonnes of money through sure-win investment in properties, why take risk in other businesses?
    The rich are investing and hoarding properties, and PAP reduce land and flat supply saying there is a huge supply in the pipeline in the next few years.
    The rich set up companies to buy and sell to one another, avoiding the cooling off measures taxes and stamp duties, and hoard the properties, and individual buyers have no choice but to buy at high prices set by the hoarders that PAP is in bed with.
    Very few people except the rich or those with rich parentage would take the plunge to do business, the rental will kill their businesses. The few businesses that manage to take off and be profitable will buy properties instead of renting, and then buy more to rent out as landlord.
    The cost of living and doing business are too high in Singapore for people to take risk and be innovative.
    Most graduates from the local universities would like to work for PAP government or GLCs that pay well and are secure.
    Even MNCs are not secure these days.
    The property launches these days attract more civil servants proportionally. Even school teachers own more than one property, when many Singaporeans cannot even afford a small HDB flat.

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  • The Way Of The Evil:

    Old fiack went golfing with that few crony property magnates so that they could bid up the land prices on 99yr lease. The scheme needed both seller and buyers to work together to win big riches from dafts.
    That was 30 years ago.

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  • oxygen:

    An economic writer made this observation in Bloomberg recently.

    Andy Mukherjee:Back in 2002, as the city-state was emerging from its worst recession since 1964, the government was getting impatient over the economy’s disproportionate reliance on multinationals and a handful of globally competitive state-backed firms like Singapore Airlines Ltd

    https://www.bloomberg.com/news/articles/2017-11-29/singapore-s-boring-businessmen-discover-the-fun-of-risk

    I recalled Temasek Holding was designated & mandated to spearhead Singapore’s advancement into the global arena as its corporate mission.

    After the bloodbath loss in 2009 GFC, that corporate mission was SILENTLY DROPPED from its annual report.

    Now 15 years since 2002, LEE-jiapore is just an eat-and-sh*t economy flooded with foreign population inflow INSTEAD OF SINKIES VENTURING OUT TO FORGE domestically grown MNCs.

    That proves a few things unmistaken, LEEjiapore is

    - hopeless asset builders of globally relevant MNCs – not a single success since 2002

    - a hopeless asset traders – they lost their pants, panties and G-strings in the last GFC.

    It is now a transit stop of cheaper dud foreign influx destination where productivity growth in the last 5 years range from negative 0.5 to 1.2 % growth. Tharman knows that this population recycling economics is BOTH POLITICALLY AND ECONOMICALLY STUPID.

    I agree, but 70% wants to pay monkeys and chimpanzies to continue to watch this circus show of non-performance on the economic front. They could be worrying that without the monkeys and chimpanzies staging the circus show – singing & dancing & boasting about their CPF statements, there might not be foreigner watching our wayang shows like MRT debacles and buy up our property.

    NEVER DID THEY PAUSE TO THINK FOR ONE MOMENT that without underlying strong economic fundamentals of a productive economy, the property values STILL SINK TO ZERO maybe even before the 99 year lease is long from expiry date.

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  • Monopoly NTUC:

    think about it… PAP is stupid and hypocrisy or the lies they tell the world and Singaporeans at large that Singapore is a free market is deceit and cheating international businesses. .. because of their urge for power or the fear of losing it they want to control everything in Singapore. when u allow for free market to flourish , the goods will have their real pricing and value…

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  • pap selected INDIAN president:

    as long as in everything there is a pap Lj or pap Cb that thing shall fail.

    look at sports. which one does not have a pap Lj or a pap Cb involved? so where is Singapore in table tennis? where is Singapore in badminton? where is Singapore in football?

    look at temasick. all non performing. if a thorough audit is permitted, the fact says these pap Ljs and pap Cbs throw S$1 and reap cents in everything they do. but because they are using ah kong money, meaning unlimited and not need to be accountable, they continue to waste. so much so they need to raise GST soon to cover up the hole.

    look at pap cabinet. so many ffffing S$m ministers with nothing to do. for a nation of 3m+ local born, they sure waste money like nobody’s business. again, since it is ah kong money, can even abuse S$1 billion in pap PA. ever notice every ffffing event by pap PA every ffffing t-shirt is brand new? such a wasteful use of taxpayer money. and they say no problem because we ownself check ownself. check until husband chairman gic and wife ceo temasick. like this also can.

    +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
    pap clown looks at a pig and calls it a goat. some sane folks say, boss, it is a smelly pig and voters can smell it from far. clown prince says, no problem. even at the expense of votes we must turn this pig into a goat. so 82 pap Ljs and pap Cbs clap clap, one outsaying another, yes sir yes sir what an obedient goat. WTF.
    +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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  • qwery:

    modern slavery .. .

    while they get m$ pay . .

    got mandate to get more than 100% increase leh . .
    was this in the election manifesto ?

    while news say . . employee expecting 2.7% increase .. .

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  • Hi!:

    Because the people allow it. They demonstrate their failure to be responsible electorates. That is why.

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  • Harder Truths:

    $G does not have proper market fundamentals to develop a sustainable economy. All the current economic fixes are short-term and designed to bleed the 99% of everything, which is transferred to the top of the pyramid to the 1%.There is no way these parasites can compete in the real world.

    The real word is about innovation, high productivity, corresponding remuneration and reward for workers, free markets for private enterprises, a reasonably sized government with expenditure less than 50% of GDP, abiding by the Impossible Trinity (or The Policy Trilemma) in international finance, protection of individual liberties and personal wealth of the citizens.

    These are the fundamental rules for a democracy. One by one the rules have been broken, twisted or ignored by the need for immediate gratification by a very small group of inept politicians and banksters.

    We therefore live in a totalitarian Marxist state although most do not realise it or care about it much – until it is too late.

    The end result of bad economic, political and social basics will be a system collapse. This is a fact not fantasy.

    The rot is already there in the tree. All it needs is a big enough storm for the tree to fall without much effort.

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  • opposition dude:

    They know they can’t compete so don’t even need to try. Just look at what happened with NOL when ex SAF people are put in charge.

    Look at what is happening to Comfort now as well. Profits dropping, drivers jumping ship and tax unhired rate easily at 10% now for sure. If you can’t get drivers then how to collect taxi rental?

    But Comfort sure isn’t hurting too much yet. Not until when they have to LL reduce or remove the peak 25% surcharge as a last resort. Maybe even the midnight surcharge too eventually.

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  • Rabble-rouser:

    oxygen:

    That proves a few things unmistaken, LEEjiapore is

    - hopeless asset builders of globally relevant MNCs – not a single success since 2002

    - a hopeless asset traders – they lost their pants, panties and G-strings in the last GFC.

    @ oxygen:
    Not only that but changing Geopolitical factors, too. The 2 largest economies in the world (US – cancelled TPP, reshoring eg Broadcom; China – OBOR exclusion, possible trade diversion) are tightening the noose on S’pore’s existance. China’s OBOR drive will further affect S’pore’s geographical & trade position – trade routes will be re-routed to bypass S’pore in favour for China’s bigger & more liquid consumer market. S’pore will face the possibility of trade deviation (higher shipping cost) as well as high food price competition from a richer China with a greater volume of trade. Read below artice & see the map;
    http://www.zerohedge.com/news/2017-12-01/caucasus-balkans-chinas-silk-roads-are-rising
    S’pore are being squeezed out of the global food market by economic giant, China. Look at how the Chinese caused Shark’s Fin to be banned from the restaurant menu. Now they have developed a taste for the durian – there isn’t enough M’sian durians around to fill China’s growing appetite.
    https://www.bloomberg.com/news/articles/2017-11-28/the-fruit-that-smells-like-gym-socks-is-skyrocketing-in-china
    People should be abandoning the S’pore ‘ship’ quietly while they still can. If they can see that the future will not be better under the PAP.

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  • MarBowling:

    pap selected INDIAN president:
    December 1, 2017 at 6:41 pm (Quote)
    as long as in everything there is a pap Lj or pap Cb that thing shall fail.
    look at sports. which one does not have a pap Lj or a pap Cb involved? so where is Singapore in table tennis? where is Singapore in badminton? where is Singapore in football?
    look at temasick. all non performing. if a thorough audit is permitted, the fact says these pap Ljs and pap Cbs throw S$1 and reap cents in everything they do. but because they are using ah kong money, meaning unlimited and not need to be accountable, they continue to waste. so much so they need to raise GST soon to cover up the hole.
    look at pap cabinet. so many ffffing S$m ministers with nothing to do. for a nation of 3m+ local born, they sure waste money like nobody’s business. again, since it is ah kong money, can even abuse S$1 billion in pap PA. ever notice every ffffing event by pap PA every ffffing t-shirt is brand new? such a wasteful use of taxpayer money. and they say no problem because we ownself check ownself. check until husband chairman gic and wife ceo temasick. like this also can.
    +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
    pap clown looks at a pig and calls it a goat. some sane folks say, boss, it is a smelly pig and voters can smell it from far. clown prince says, no problem. even at the expense of votes we must turn this pig into a goat. so 82 pap Ljs and pap Cbs clap clap, one outsaying another, yes sir yes sir what an obedient goat. WTF.
    +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

    Response: your GREAT comments make my day. jia Yu!

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  • Rabble-rouser:

    @ oxygen:
    And US President Trump constant cage-rattling of North Korea fat-boy dictator Kim Jong-Un has the ulterior motive of onshoring more US corporate manufacturing investments to avoid supply chain disruption in North Asia. If war breaks out on the North Korean peninsula – 90% of the world’s manufacturing productive capacity is at risk ie. China, Japan, South Korea & even Taiwan.
    And his re-twittering of UK’s far-right party comments are destabilizing overseas Muslim communities everywhere & indirectly affecting the Middle-East. Many Brits are joining the Far right movement after Trump gave them prominence. And he has push all the right buttons even though controversial because the Muslim extremist have done themselves (& their Muslim communities) no favours by killing masses of innocent people through terrorist acts & by inflicting violence on non-Muslim communities in US; France; Spain; the UK, etc in the name of Jihad. The Western economies’ electorates are running out of patience with their govt & the left-wing liberals’ tolerance for minority Muslims for diversity sake & for whitewashing the religious violence & terrorism inflicted upon them. The electorate shift to the Far right is coming & anti-immigration sentiment is rising. We may be seeing mass deportation of Muslim families; cancelling or revoking of citizenships; even internment or creating locked-out communities of Muslims in zoned areas just like the Native Americans in the US or the Indigenous people in Australia.
    What’s it gotta to with S’pore? Er! We’re right in the epicenter. And property prices are subjected to stability & safety factors. And those looking for a better life better do so fast before borders closed.

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  • But:

    @ Look into ABC pricing and you will KNOW what I mean…

    ABC hire many ft !

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  • RDB:

    PAP GLCs buy up foreign companies like Optus Telco in Australia like his brother Lee Hsien Yang loong loong ago made Singtel CEO by their pa. Paid damn higher and lost money. Now buried and forgotten after Chua Siok Koon daughter of LKY’s minister Chua Siang Chin took over. Promotion by blood and partisan links only without business acumen that past tense lawyer knows hah? Only Keppel Corp & Sembcorp in Oil & Gas and Marine without his absolute interference as there were many veterans who won’t let him made good.

    Their GLCs mostly buy into foreign companies doing well and collect dividend payouts. That’s true entrepreneur skill?

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  • Idt:

    The way they witch hunt AHTC, sue or bankrupt activists you know they can’t accept competition.

    They talk cork about Locals need to compete with FTs over lunch, stealing lunch but their rice bowls are titanium!

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  • Ah Chan's Smart Move?:

    Getting only white MPs to be involved in Unions, what about Opposition MPs?

    Singapore Workers ain’t that stupid these days.

    Stop the Wayang!

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  • Meritocracy bullshit!:

    Quote…..
    Lessons to be learnt from SMRT’s leadership woes……
    Achieving this sort of corporate culture isn’t just about engineering excellence, but is, ultimately, about management and leadership.
    There has been criticism about the way outsiders have been brought into SMRT, though I do not think it is necessarily a bad thing if they have the expertise and experience. But it is asking a lot of a leader if he or she is from a completely different field with no experience in mass transit.
    Singapore prides itself as a country that practises meritocracy, hiring the best person for the job.
    But it is equally, if not more, important, to have leaders emerge from within an organisation, acquiring experience in-house, and who have developed respect and support of peers and fellow workers.
    This is far better than parachuting outsiders who will need years to get up to speed.
    I hope the right lessons are learnt about where SMRT fell short in this area and what needs to be done.
    Han Fook Kwang
    Editor-At-Large
    The Sunday Times
    3/12/2017
    Unquote……

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  • patriot of Temesak:

    But:
    @ Look into ABC pricing and you will KNOW what I mean…

    ABC hire many ft !

    So does NTUC…senior staff that TruBlu can easily do unlike ABC whose staff are usually labour intensive and counter service

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