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 Working in Singapore V10, Serious Talk only. no chatting

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seantang
post Feb 3 2012, 04:34 PM

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QUOTE(Materazzi @ Feb 3 2012, 03:29 PM)
my friend left sg for good, got RM8k/month. In sg, he is P1 qualified with S$8k/month. He said 8k in sg is nothing, room rent already 2.5k, 2k for others. left 3.5k but cannot live like a KING.
Why are you still here? You should leave SG since all you have are complaints, dissatisfaction and friends who did so much better after leaving SG.

seantang
post Feb 3 2012, 08:07 PM

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QUOTE(Aloong @ Feb 3 2012, 06:11 PM)
Not sure I shd discuss this here or in Investment thread.

For those of you earning in SGD, can share what is your investment portfolio likes to grow your savings "safely"?
Any advise on "safe" investment, like FDs, bonds, unit trust, blue chips equity, etc etc?

Lets not talk about transfering to Msia for investment, as I beliv we've discuss that before, and it boils down to how certain you are on the excahnge rate movement and where u gonna use ur money eventually.  I'm discussing about invest / building  flex.gif  the money in SGD for future SGD use.

What I know is, blue chip stocks are pretty okay, provided you choose the safe ones and go in at the reasonable price.  i guess 4% dividend yield is pretty decent in SG. But lets not put all eggs in one basket, cos it would look more coloful with diff types basket? no? thumbup.gif

Im not sure about FD rates, but i heard it's less than 1%, probably 0.5%? Anyone knows?

Hows the unit trust market here or the bond market?   hmm.gif

Lets not discuss about property as well, as that's a big item, unless ur talking about REITs. Any recomendation?

If you guys feel this discussion is too wide to be put here, I can creat a new thread for Working in SIngapore: Investments Options, under the Investment thread.
*
If you're residing in Singaporea but not rich enough to have your wealth managed by a professional, your NUMBER 1 investment is property by a country mile. Anything else is not worth mentioning. Might as well simply buy SGX ETFs and accumulate. Whatever else available to you to invest in (ie. retail stuff) won't stray far from that in terms of risk and return.

This post has been edited by seantang: Feb 3 2012, 08:23 PM
seantang
post Feb 4 2012, 01:23 AM

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QUOTE(Materazzi @ Feb 4 2012, 01:10 AM)
8k in malaysia, has a wife not working, left 7k. in sg, 8k left 3.5k, not much different. And school fees u have to decide too

Spend only 1K in Malaysia but lives like a KING? Suka suka maids already 1K, no?

Even assuming the expenses are correct, he actually has more than 3.5K left in SG because he has this big landed house in MY which he can rent out and offset against his rental in SG.

Also, if include taxation - the impact in MY will be much greater than SG.

This post has been edited by seantang: Feb 4 2012, 01:26 AM
seantang
post Feb 4 2012, 02:49 PM

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QUOTE(Materazzi @ Feb 4 2012, 02:37 PM)
Indon maid is only RM300 ma??
Salary alone is more than that. Plus all the agents fees, govt fees, insurance, checkup, install surveillance camera, buy safe to keep valuables etc... much more. Then the maid also need to makan, minum, mandi, main, tidur, tidur+main... all who pay?

Getting a maid just cost my brother RM130,000++. Had to buy a MPV because the sedan cannot fit 5 family members + 1 maid.

This post has been edited by seantang: Feb 4 2012, 02:51 PM
seantang
post Feb 5 2012, 01:35 AM

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QUOTE(deodorant @ Feb 4 2012, 03:04 PM)
sometimes i'm not sure if you're constantly trolling us or if you're just plain <insert word here>.
*
Amazing how ideas like those can come out of someone who reckons he's a potential CFO, innit? The scary thing is... I think he's really believes those are good ideas.

QUOTE(Materazzi @ Feb 4 2012, 02:29 PM)
Update: I stay with my current job. I am already a Business Controller. Next path to become Financial Controller then CFO..

Thanks
*
seantang
post Feb 6 2012, 12:26 AM

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QUOTE(deodorant @ Feb 5 2012, 11:58 PM)
Nola, just need to avoid the finance section smile.gif
Have to leh. If he's CFO, he's basically second in command. You don't want to be in a company where the 2nd man thinks $4 meals for life is a good retirement and transporting your family around in a cargo truck is a good deal, do you? Think of all the tremendous payroll and benefits policies that he'll put in place, man.
seantang
post Feb 6 2012, 11:21 PM

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QUOTE(Materazzi @ Feb 6 2012, 08:39 PM)
Warren Buffett eats simple meal
*
Stanley Ho eats $300,000 white truffles.

Your point being?
seantang
post Feb 8 2012, 11:43 AM

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QUOTE(deodorant @ Feb 8 2012, 09:40 AM)
Well, one reason is that corporate plans for iPhone are crazy cheap.

My company's iPhone4S plan is $38 a month for 500mins 500sms 12gb data, and the phone (16gb version) comes free. Contract 2 years = $38 x 24 = $912 total payment which is even less than the $948 you pay if you buy retail phone only.

Android phones don't have anywhere near that kind of subsidy.
That's your company's CIS (Corp Individual Scheme). Pretty good as the monthly fee is the lowest of the 3 generic plans but the free minutes/data/handset price is from the mid-top plans.

My company's CIS deal is crap. Basically just a 10-20% discount on the monthly fees for any of the generic plans. For the $38 plan, the 16GB ipon is around $500 I think.

I need to renew my contract... and I'm going for BB Bold 9900 since I'll have company email on the phone as well.

seantang
post Feb 8 2012, 03:50 PM

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QUOTE(MPIK @ Feb 8 2012, 01:05 PM)
BB Bold 9900? Better consider Android phones... SGS2 or HTC Sensation XE.
I have a SGS2 already. But for company emails, it's either a BB or ipon. Android has not penetrated the corporate email / intranet yet.

This post has been edited by seantang: Feb 8 2012, 03:52 PM
seantang
post Feb 12 2012, 05:47 PM

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QUOTE(wKkaY @ Feb 12 2012, 12:29 PM)
Guys, listen.

If you continue making racist posts here, your account willl be suspended. Unsubstantiated sweeping generalizations against any race, including the Malays, is racist. Despite what your "gut feeling" is.

So please, quit it. You're making yourself look ignorant.

I have removed all posts concerning that discussion but for educational reasons these are what I was referring to:
As moderator that is your perogative.

But as to the quote of my particular post, it is not a gut feeling. It is an acknowledged position from EVERY UMNO general assembly, op pieces in every newspaper (vernacular ones in particular) and it is a fact of life. Do you not keep up with current events or choose to ignore it? I'm afraid you have made yourself just as partisan as you tried to make me sound, and more ignorant than most.

By writing this, I am not protesting a forum's moderator's action to keep off-topic posts out of this thread, but am responding to being called ignorant by an ignoramus. If you want to moderate, do so by all means. But do not add your own 2 bits unless you are open to a retort.

This post has been edited by seantang: Feb 12 2012, 06:00 PM
seantang
post Feb 12 2012, 07:57 PM

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QUOTE(wKkaY @ Feb 12 2012, 06:37 PM)
I stand by what I say, but I apologize if you feel slighted. Thank you for trying to guide me, but I do not consider myself ignorant if I opt to judge people as individuals instead of as a racial collective. For what it's worth, I do agree with other points made in your removed posts - except for that one paragraph I quoted.
*
Thank you. And my apologies as well for the name calling.

And it is a difficult path you have chosen, given you live in the only secular country in the world with an "official religion" to which all other religions are legally and operationally subservient, and one of the very,very few left where all public life and liberty is defined by race... which by the way, Malaysia is the only country in the world that has a definition for a certain race in the constitution. In short, we live in the country where the 'racial collective' is the most important thing in the world to it.

This post has been edited by seantang: Feb 12 2012, 08:09 PM
seantang
post Feb 12 2012, 09:17 PM

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QUOTE(ky118 @ Feb 12 2012, 08:36 PM)
Thanks but I am referring to funds transfer from MY to SG
Mr Seantang, kindly share if you happen to read this post otherwise I will PM you shortly.
Maybank2u


Added on February 12, 2012, 11:15 pm
QUOTE(Jurlique @ Feb 12 2012, 08:30 PM)
I must say I am in agreement with you for every contents you made in your post. We need to face the reality and the fact of life.

Keep it up, bro.  smile.gif
Thanks for the support.

That particular comment was to highlight that Malaysians have been conditioned socially (racially?) to attribute inter-racial violence to some sort of 'provocation'... in a blatant attempt to reduce the scrutiny or backlash by justifying it using our racial and religious situation - where some people/topic/religion/right is almighty and "cannot be questioned, cannot scolded, cannot be shamed or else, mengamuk". This is wrong. Violence is violence. There is never justification for violence except to defend oneself. And people who perpetrate violence must be punished... regardless of the 'provocation'.

The most disappointing thing was that the MP in the video said that he will try his utmost to have the KFC staff and the victim shake hands and make peace. Making peace is not the disappointing part... not pursuing punishment for the KFC staff to the limit of the law is. The KFC staff will never get away with it in Singapore. But looks like he will get away with just a handshake, crocodile tears and a false apology back in Maalaysia.

This post has been edited by seantang: Feb 12 2012, 11:18 PM
seantang
post Feb 14 2012, 11:18 AM

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If you're staying in SG for >2 years, contract for the $38/month entry level voice+data iPhone plan for 2 years. 12gb of data plus the average voice package. Buy a nice phone at a deeply discounted price. You don't save much by going for a voice only plan to save a few bucks but then probably spend more later on by getting a separate broadband line or buying your dream phone at full price.

If you're staying in SG for <2 years, then it gets complicated. But I still think the $38/mth basic iPhone plan is hard to beat.

And if your company participates in the Corp Individual Scheme, the corp discount applied to the $38 can be very deep.
seantang
post Feb 14 2012, 01:39 PM

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QUOTE(MPIK @ Feb 14 2012, 01:23 PM)
How much is the phone price like?
It varies. Need to check telco website. But generally -50% at least.
seantang
post Feb 14 2012, 11:15 PM

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QUOTE(jett991 @ Feb 14 2012, 05:10 PM)
hi everyone,does anyone know roughly how long an accounting fresh grad can get a job from Singapore..i need a time frame...
I have been waiting for job interview for 1 month plus d...receive no reply until now...TT
No such thing as "time frame".

If I like what I see in a candidate's resume, I'll get HR to call him/her the next day, interviewed, offered and once accepted, get everything done from their employment pass to opening a new bank account to bank in their sign-on bonus to temporary serviced apartment booked for their arrival - all within a week or two.

If I don't like what I see, it goes into the waste basket.

It depends entirely on the candidate.


Added on February 14, 2012, 11:18 pm
QUOTE(katejing @ Feb 14 2012, 11:15 PM)
Because my frens say there investment bank seldom recruit malaysian..got any job hunting website can recommend?
efinancialcareers.sg is a pretty good site for banking and financial services jobs.


This post has been edited by seantang: Feb 14 2012, 11:18 PM
seantang
post Feb 15 2012, 11:02 AM

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QUOTE(crazy25kid @ Feb 15 2012, 10:11 AM)
if u are getting 1:1....i think it is a good offer.
Just extracted the 2012 pay scales for my co.

Entry level - RM3,800 vs S$3500 or 1:0.93 (it was RM3,681 vs S$2,980 in 2011). So whopping 18% payline adjustment for Singapore.

First level manager - 1:0.68

First level director - 1:0.71

Looks like manager and director salaries in Malaysia are climbing quite fast (or SG is remaining stagnant). When I came to SG 6 years ago, it was 1:0.8 for managers and directors.
seantang
post Feb 17 2012, 01:56 PM

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QUOTE(ky_khor @ Feb 17 2012, 01:42 PM)
Live like king? If he's earning RM8K outside Klang Valley then perhaps yes.

Sgd8k is way above average Singapore population's earning. Some more in Singapore, no one has asked me to go back China, or Malaysia.
*
Don't keep feeding the troll with $4 chap fan.
seantang
post Feb 17 2012, 11:53 PM

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QUOTE(extremepower @ Feb 17 2012, 11:25 PM)
It is the employers fault who wanted to bring in lower pay people squeezing out the locals and PRs. wink.gif
That's only half the story. You are a consumer as well as an employee/service provider.

You want to pay more for everything?
seantang
post Feb 18 2012, 12:09 AM

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QUOTE(extremepower @ Feb 17 2012, 11:56 PM)
Do you study econ supply and demand and macroecon?
I did. Which is why I scratching my head where you came up with the ridiculous notion of blaming it all on employers.

QUOTE(extremepower)
It will never end arguing. In politics, citizen comes first. Else, why jibby give people money? else, they'll get booted out. wink.gif
Blame the citizens then.

In the coming months, when the limitations on foreigners are implemented, Singaporeans will piss and whine about everything from higher bus fares to more expensive food courts.

And then the other shoe will drop, when they realise that kicking out the foreigners,.. does nothing to increase their employment. Because the economy will shrink and probably decrease average citizen income rather than increase it. If foreigners are considered cheap labour taking away their (Singaporeans') jobs, then what makes them think that the jobs will stay in Singapore after the supply of cheap labour disappears?

Countries that import stuff from Singapore are not going to pay for price increases just because Singaporeans suddenly want to do less work for more pay (compared to foreigners).

This post has been edited by seantang: Feb 18 2012, 12:10 AM
seantang
post Feb 18 2012, 12:23 AM

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QUOTE(extremepower @ Feb 18 2012, 12:14 AM)
I am not going to argue with you man. Then why is the Finance Minister doing this? You better go and talk to the Minister then. Maybe your economics is better. wink.gif
The finance minister should argue with former finance minister, who said exactly what I said.


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