Balancing risk and reward (Sunday Times 24 Jan)
Jan 24, 2010
Balancing risk and reward
When investing money, consider your need and ability to take risk
The other side of the coin is when investors get so caught up chasing high returns that they ignore the risk element.
So it’s worth trying to understand what your personal risk profile is before investing your money.
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Reader’s Reaction To Courts Looking For Workers In JB Malaysia
An advertisement posted by Courts appeared in JB Malaysia looking for workers to work in Singapore (courtesy of Temasek Review):-
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Opinion: Poor Employment Practices – Lack of Compensation Package
Our Poor Employment Practics – Lack of Compensation Package
Written by: Gilbert Goh
Many people who were retrenched during the recent recession lamented how badly they were treated after been laid off by their companies. Though retrenchment is generally expected by many people when there is a down turn, more can be done by the authorities to ensure that compensation is paid out when someone is being laid off.
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Job Opening: Customer service officer at Cash Run Pte Ltd (Singapore Part Time Job)
Customer Service Officer at Cash Run Pte Ltd
Job Description:
Cash Run Pte Ltd is a subsidiary of Cash Run GmbH in Switzerland. Cash Run Pte Ltd was recently incorporated and started its operations in Singapore.
Cash Run deals with online fraud screening services across various payment gateways(e.g. PayPal, Moneybookers etc).
Other than fraud screening services, Cash Run also offers 24 hours online customer support to one of her clients and is seeking for customer oriented, young and dynamic individuals to join the team.
You will be required to undergo a paid probation/training period to be confirmed for the position.
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“Too good” to be true (Today 5 Jan)
SINGAPORE – To them, it sounded like a good offer: A $900 monthly salary to be a cleaner at the integrated resorts. All they needed to do was pay a “processing fee”.
Foreign domestic worker Raquel Abella certainly thought it would be a good opportunity for her husband to join her in Singapore.
She was about to pay an agent $1,800 this week when she received an SMS from Humanitarian Organisation for Migrant Economics (Home), a migrant welfare group, alerting her that the transaction was a scam.
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Overheard from Asiaone forum posting
Overheard from Asiaone forum posting:
1. What is your opinion about people saying that foreigners are getting a good deal and locals getting the bad deal?
Are you local? Did you serve NS?
I notice alot of local eurasians like to reassure their friends that they serve NS, why do you think so?
If you are so pro-emigration, why are you back? Is the grass greener on the other side?
This is an awesome thread.
I know, tons of random questions, Just wanting to hear your opinion.
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A Year Best Left Forgotten
2009 – a year best left forgotten
Written by: Gilbert Goh
Transitioning.org is happy to have celebrated this year with our loyal readers. Many have told me that 2009 is best left forgotten. Many also hope that the new year 2010 will be a better year for them. I couldn’t agree more.
This year also marked the death of our favourite pop icon Michael Jackson and more significantly America chose a black man as their President for the first time.
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Under-employment Among Older PMETs Becoming An Uptrend in Singapore (CNA 30 Dec)
And efforts must be put in place to help them get jobs suited to their skills and qualifications.
PMETs were the hardest hit during the economic downturn.
Many, like those in the financial sector, were left jobless and the labour movement said they had to settle for whatever job they could get to make ends meet.
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Opinion: Are The Integrated Resorts Really Good For Us?
Opinion: Are The Integrated Resorts Really Good for Us?
Gilbert Goh
I applaud the move by the integrated resorts to check on the names of gamblers before allowing them to enter the casinoes when ithey open next year. I am not in favour of having the integrated resorts (IR) in our country in the first place. Casinoes have a bad history of association with the five big vices: prostitution, loan shark, alcoholism, money laundering and of course gambling. Gangsterism also reined in such environment.as illicit activitites prospered.
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Thank you! A Farewell Message from Me To You
Dear Readers
I have ended my 2-month visit in Singapore and will return to Sydney tonight (12 Dec) to be with my family. I have missed them greatly and hope to spend Christmas with them.
During this period, I have met up with some of the readers and realised that there are still pockets of people that are unemployed. Most of them are in their 40s and professional. My word to them is not to give up and keep on looking as the job market is much better than six months ago.
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The latest entrepreneurial fantasy is selling cupcakes (New York Times 25 Nov)
Lovely Confections Bakery in Denver has to sell 2,800 cupcakes a month to cover expenses.
Move over restaurants and bed-and-breakfasts. A new fantasy seems to have taken hold for people who long to own their own business: the cupcakery.
There is no Cupcake Manufacturers Association keeping count, but anecdotal evidence indicates that stand-alone cupcake shops have been spreading not just in the acknowledged cupcake meccas of New York and Los Angeles but also in Boston, Denver, Austin, Tex., and lots of smaller places. Nationwide, cupcake sales, according to the market research firm, Mintel, are projected to rise another 20 percent over the next five years at a time when other baked goods are expected to grow in the single digits.
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Rehiring loopholes to be nabbed (ST 20 Nov)
THERE are still two years to go before a law requiring employers to rehire workers beyond the age of 62 is put in place. However, it would seem that employers are already being given a way out of rehiring their retirees.
The draft guidelines on rehiring older workers, announced this week, include an option for employers to make a one-off payment to workers for whom they cannot find suitable jobs.
The payment – called the Employment Assistance Payment (EAP) – aims to tide such workers over the period during which they are looking for another job. It is the most eye-catching among the raft of proposals drawn up by a tripartite group comprising representatives from government, unions and employers. The proposals are currently open for public feedback.
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Dad, son fell to death (ST 18 Nov)
Nov 18, 2009
Dad, son fell to death
A coroner’s court heard that Mohamed Farook Ali Akbar, an Indian national and permanent resident here, had told his sister in a letter that he did it because of his health problem. His body and that of his son, Faheem Mohamed Farook, were found at the foot of Block 287 Bukit Batok East Avenue 3 on April 24.
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Pregnant? You’re fired (Sunday Times 8 Nov)
The tough economic times – and more generous maternity benefits – appear to be prompting increasing numbers of firms to fire pregnant women or deny them their full entitlements.
There were 119 ‘pregnancy- related’ complaints lodged with the Ministry of Manpower (MOM) in the first nine months of the year – up from 72 for the whole of 2007, and 95 last year.
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“Sweat debt” may drive staff to resign (ST 3 Nov)
| By Esther Teo & Jonathan Kwok |
Management consultancy Hay Group warns that ’sweat debt’ – a human resources term used to describe the extra effort put in by employees – could pose a threat to bosses if employees get disgruntled enough to vote with their feet.
