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 Working in Singapore V14

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keelim
post Jun 2 2013, 01:42 AM

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QUOTE(seantang @ Jun 2 2013, 12:47 AM)
Firefly having a RM99 (one way) promo for flights booked 30 days in advance. For SIN-IPH, everyday except Fridays and Saturdays. For IPH-SIN, everyday except Sundays, Mondays and Tuesdays.

Booked all the way to CNY next year already since it's available for booking. The website can now book 12 months in advance, up from 6 months in the past.
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Thanks for the heads up.

keelim
post Jun 4 2013, 07:30 PM

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It's a marketable tool but why are you concern if it gives you an edge to your competitors? As long as it is value added to your application, you should just market it. For a language that is spoken and understood by 1.5bn people, the context should be how your proficiency in the language helps you and your job grow.


keelim
post Jun 6 2013, 07:02 AM

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QUOTE(Tigerr @ Jun 5 2013, 09:07 PM)
Yesterday I also waited about 30 minutes at din tai fung tampines......if don't wait, don't know go eat what except food court
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I tried DTF once but can't comprehend the craze for it. The food is not fantastic; the xiao long pao is a mere OK. Definitely not worth my 30 mins. Any dim sum in Ipoh could easily taste better than DTF.
keelim
post Jun 6 2013, 06:41 PM

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QUOTE(LilyBud @ Jun 6 2013, 05:32 PM)
I got a job offer in Sg with the offer 3k. Was it a lot or was it little? I have a offer from Sg and 2 from Msia. Which is better? The idea of leaving my KL life and work in SG is a bit depressing  But I wonder why so many people wanted to go Sg and work??
I have 5 yrs experience. If dollar to dollar vout conversion, obviously I got less.
I want to know from those who are already working in Sg, izzit really so much better working in Sg? (best if you stayed in KL before and working in Sg now)
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I don't think you have given sufficient info for us to help you to make an informed decision. You have 400k Malaysians working in SG and each is under unique circumstances.

For 3k, if you are planning to stay in SG, it can't do wonders to your lifestyle. But if you have an obligation to send money back home, it's fantastic. So weigh your options and bite the bullet if it makes sense.
keelim
post Jun 8 2013, 08:14 AM

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You should compute your salary net of tax. So the calculation should include your EPF as well. But on relative terms, the dollar and cents will be higher if you are working in SG. The conversion will help tremendously in your mortgage payment and spending power in Johor.

The job exposure seems to be better with APAC responsibility. I love New Zealand and will be bias here. The daily commute will be painful but make sure you are prepared for it mentally and physically. I hope you are not commuting from Skudai daily because that is going to be very demanding.

Take a long term view of the prospects. As an outsider, it looks pretty good but negotiate for a few more hundreds will seal the deal for me.

QUOTE(enermax @ Jun 8 2013, 05:44 AM)
Dear all forumerz member, tuan tuan, puan puan, cik cik, taiko taiko and all sifu sifu...

I want to ask your guys opinion regarding a job offer from SG.

I just be clear with all the details for your guys view.

I work now in O&G fields as marine telco. engineer. Current company is Petronas ICT (formerly known as iPerintis) with basic MYR 3k and plus other allowance.

This telco company from Britain offering me job to be base in their SG office with basic SGD 3k and plus other allowance.

If I take the job... I will deal with new challenge and travel extensively as I will support Asia Pacific Region and New Zealand. In my current company.. I more like the boss and my work scope is monitoring the vendor in project (feel like there are no improvement in my work environment now because more to see and watch job).

The interesting part of SG offer offcourse money.

I plan to ride my bike daily for office hour job in SG.

Can I have your guys opinion.. should I take the offer?

Rasa serba salah mau take this offer or not... by the way... anyone may experience the cost for motorcyle usage in and out SG daily...

Thank you guys...

I just buy a house for my mom in the Skudai area.
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keelim
post Jun 9 2013, 11:00 AM

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QUOTE(enermax @ Jun 8 2013, 08:41 PM)
Bro keelim,

I had tried negotiate with the manager, but they said that I still need a lot of training as my experience previously difference with their product.

Regarding the EPF, i don't think I will get that in SG as their EPF/CPF only for PR or Singaporean. So for the time being.. I have to plan my own saving or any suitable investment.

I decide to take the challenge due to few factor such as money conversion, experience, knowledge for boom my career and stay closer to my parents.

Now I still waiting for the EP to ready and hoping that my decision will guide me for better future.. Pray for my success friends... hehehe

Thank you again for your guys advise..
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Baby steps. Most importantly your EP has to be approved. Good luck on that.

Staying close to parents is wonderful. Unfortunately, the part of Msia where I came from do not have job opportunity unless I aspire to be an entrepreneur. You are blessed.
keelim
post Jun 10 2013, 06:35 PM

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Have you guys ever tried the Msian street food at Resort World Sentosa?

It's really authentic Msian style. The food is delicious yet affordable! Ironically, it was my Japanese clients who introduced me to the place. How embarrassing.
keelim
post Jun 11 2013, 09:52 PM

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I hope you do consider employer contribution as part of the comparison. It's part of total compensation from your active service. Your human capital will progressively be converted to financial capital as you age.

Hence the amount of employer epf that you forgo is an opportunity cost to you. At least I would see it from that lenses.






keelim
post Jun 11 2013, 10:12 PM

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Sorry, I mean marginal income that you forgo.
keelim
post Jun 14 2013, 02:19 PM

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Also your tax payable can be amortized over 12 months using GIRO.
keelim
post Jun 28 2013, 12:38 PM

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QUOTE(Deathscythe@@ @ Jun 28 2013, 11:08 AM)
M&E engineer. Currently working in MNC, got a offer in construction M&E (local sg company)
M&E engineer. Currently working in MNC, got a offer in construction M&E (local sg company). Do you think construction company good career prospects?
They offer 3k and not yet talk about benefit.. My current job more like M&E support through email, not much hands on and that is the reason i still considering the sg job.. Need more advise.  sad.gif
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I struggle to come to my senses when someone tries to marry a significantly lower pay (i.e: more than 30% deduction vis-à-vis the currency) with a long-term view in SG. I am not quite sure if someone really understands the amount of “luck” required to take you to equilibrium; not to where you were in Msia, but where you were plus inflation (at least).

A medium-term outlook would require you to ponder on setting up your love nest. It’s a subjective matter, but I am sure singles would love to have their own accommodation. Capital appreciation and dividend yield aside, at best you’re financing your own mortgage. Before biting the bullet, please take your medium-term goals seriously.

keelim
post Jul 4 2013, 09:43 AM

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http://www.themalaysianinsider.com/busines...rair-singapore/

Ipoh; keeping my fingers crossed. Hope the end of air route monopoly. But not sure if Ipoh's runway can take A320.

This post has been edited by keelim: Jul 4 2013, 09:44 AM
keelim
post Jul 4 2013, 04:44 PM

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QUOTE(seantang @ Jul 4 2013, 10:14 AM)
The ATR-500's runway requirement at Maximum Take Off Weight (MTOW) is 4,265 feet, and at Maximum Landing Weight (MLW) is 3,500 feet.

The Airbus 320's runway requirement at Maximum Take Off Weight (MTOW) is 5,600 feet, and at Maximum Landing Weight (MLW) is 5,052 feet.

http://planes.findthebest.com/compare/124-...-vs-Airbus-A320

Ipoh's runway is 2,000 meters long (6,561 feet) - http://aip.dca.gov.my/aip%20pdf%20new/AIP%...PP%20201216.pdf

Should be okay... fingers crossed.
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Swee~~

Lets hope Tiger will get approval from the Ministry of Civil Aviation and State Government to mount an inaugural flight to Ipoh next year.

I have been paying through my nose for the ridiculous airfare.

Aug Hari Raya Tix - RM800++ (Thurs Depart; Sun Return)
Oct Tix - RM400++ (Thurs Depart; Sun Return)
Jan 13 CNY - RM1k++ (it doesnt matter; price is flat all across the month)

And they only kick-started the enrichment program recently; miles are not retrospective;

More air services should be promoted by MAHB itself to the airlines to complement the renovated terminal.

This post has been edited by keelim: Jul 4 2013, 04:49 PM
keelim
post Jul 9 2013, 08:20 PM

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QUOTE(deodorant @ Jul 9 2013, 01:12 PM)
Er, so ... does banking pay more than engineering or the other way around? When you start work you $3k and he $1k? And now you $10k and he $7k?
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Within banking there are different segments to the business. Each segment commands different premiums. The same goes without saying for engineering with oil and gas at the helm followed closely by precision engineering.

But market forces will align these premiums to ensure equilibrium given the risks and nature of the jobs in the long run.

My observation, over the long run, finance professional will out earn their counterparts (if there is one to begin with) from engineering. The upper echelon from both professions are created when they have the opportunity to invest into the business as an equity partner. Simply, there are more opportunities for finance professionals to put their money to work as an equity partner provides an edge against their counterparts in engineering. Think hedge funds and oil & gas. The flip side is also true. The rule of risk and reward is not violated.
keelim
post Jul 9 2013, 08:20 PM

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QUOTE(deodorant @ Jul 9 2013, 01:12 PM)
Er, so ... does banking pay more than engineering or the other way around? When you start work you $3k and he $1k? And now you $10k and he $7k?
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Within banking there are different segments to the business. Each segment commands different premiums. The same goes without saying for engineering with oil and gas at the helm followed closely by precision engineering.

But market forces will align these premiums to ensure equilibrium given the risks and nature of the jobs in the long run.

My observation, over the long run, finance professional will out earn their counterparts (if there is one to begin with) from engineering. The upper echelon from both professions are created when they have the opportunity to invest into the business as an equity partner. Simply, there are more opportunities for finance professionals to put their money to work as an equity partner provides an edge against their counterparts in engineering. Think hedge funds and oil & gas. The flip side is also true. The rule of risk and reward is not violated.
keelim
post Jul 9 2013, 08:31 PM

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But really, when you move up the hierarchy the distinction between finance and engineering diminishes because its about business development and asset management.
keelim
post Jul 29 2013, 09:45 PM

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QUOTE(Dark NT @ Jul 29 2013, 03:57 PM)
I am very happy to receive the HDB approval letter for my purchase of a resale unit. Finally I can have my own place! the expected handover date is in mid September smile.gif

And tomorrow I will be registering P1 for my son under Phase 2C.

Will be more than happy to share the process (both HDB resale and P1 registration) when they are complete smile.gif
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So the total stamp duty paid is 3% (at progressive) and 5% (ABSD @ total purchase price - inclusive of CoV) ?
keelim
post Aug 13 2013, 11:07 PM

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Most are held ransoms by the education and security their children have to unjustifiably experience.


QUOTE(hokin @ Aug 13 2013, 08:30 AM)
This is in today's The Star newspaper. Nothing that we do not know...Happy reading.
The Star Newspaper Malaysia - The grass is greener across the Causeway

On paper, the island republic may seem better off than Malaysia but life in the ‘little red dot’ is far from being a paradise.

ON Friday, I tweeted: “Today is the day (in 1965) Malaysia kicked out Singapore from the federation.” And I received tweets from Malaysians who made it sound as if life in the island republic was better than their own country.

“Spend time in Jurong and listen to what the original Singaporeans are complaining,” I replied.

Some Malaysians have an idyllic impression of Singapore. Some think that just because S$1 is equivalent to RM2.50 is reason enough to proclaim that Singaporeans are better off than Malaysians.

Some have a false impression of Singaporean life from their Orchard Road experience. However, Orchard Road is not Singapore. I’ll give you an example.

“Singapore has so many hot chicks,” a male friend told me.

“Those hot chicks you see in Orchard Road might not even be Singaporeans,” I said. “They may be from Jakarta, Manila or Cheras.”

Don’t believe me? Then try this experiment when you’re in our southern neighbour.

Take a 40-minute MRT ride from Orchard station to Boon Lay station.

You will be surrounded by hot chicks as the MRT passes the stations of Somerset, Dhoby Ghaut and Clarke Quay (located at tourist destinations). But as the MRT travels to Tiong Bahru and Clementi (further west of the city centre), you will notice that the women are less hot and they wear less make-up.

That’s the real Singapore.

At Boon Lay station, walk to a hawker centre at one of the HDB flats. Sit down, order a drink and listen to the chatter. It is in Mandarin and spoken by “new” Singaporeans who were born in mainland China.

One of the top complaints from my “original Singaporean” friends – those who were born and bred in the city state – when I visit the island repu­blic is the behaviour of “PRC Singa­poreans” – naturalised citizens born in the People’s Republic of China.

I find “PRC Singaporeans” irritating. They don’t speak English so it is difficult for me to communicate with them. And they have a certain harshness in their mannerism.

“To some locals, newcomers – particularly the ubiquitous Mainland Chinese – are commonly seen as uncouth and prone to objectionable behaviours such as littering, eating on public transit and talking loudly on the phone,” wrote Brenda S.A. Yeoh and Weiqiang Lin of National University of Singapore in their April 2012 research paper “Rapid Growth in Singapore’s Immigrant Population Brings Policy Challenges”.

“But Singapore has one of the world’s highest levels of GDP per person,” some Malaysians told me on Twitter on Friday.

Middle-class Singapore may have two of the 4Cs of Singapore — cash and credit card. But nowadays some can’t afford a car or a condominium.

My “original Singaporean” friends, whom I use to visit once every two months since 2010, are envious that in that duration I managed to buy a brand new car twice (recently I tra­ded in my three-year-old car).

They are stuck with a nine-year-old car because they can’t afford to buy a Certificate of Entitlement (a permit to own a car).

On Wednesday, the premium for COE for small cars went up by S$1,567 (RM4,000) to S$75,556 (RM195,481.77). That means you have to pay RM195,481.77 before you can even buy a car.     

“But Singapore has the best transport system in the world. They don’t need a car,” some Malaysians would argue.

“Imagine,” I told them, “you are a middle-class Singa­porean who used to own a car. To go to Cold Storage in Holland Village from your Jurong condominium, you have to take a bus with your wife and two kids to the MRT station. Do you think that is fun? Imagine your return trip – you will be carrying heavy bags filled with groceries.”

The dream of owning a condominium (and not a HDB flat) is also fading for the middle-class Singa­poreans.

“Only the super-rich can buy condominiums,” my “original Singa­porean” friend exaggerated, as he complained about how the income gap between the super-rich and middle-class has become wider.

Singapore’s foreign minister K. Shanmugam, in a Financial Times report, said: “The middle-class in Singapore has found costs rising because of energy, food and so on. At the same time they don’t get the (government) subsidies and support that the 20th percentile downwards gets, so they have found themselves squeezed.”

On paper, Singapore seems better off than Malaysians but life in the “little red dot” is not a paradise.
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keelim
post Sep 22 2013, 08:34 PM

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QUOTE(MsiaqweR @ Sep 22 2013, 07:30 PM)
Anyone can tell me why there is not even one economic mixed rice stall in Singpaore that allows their patrons to pick up their dishes individually like wat we used to in malaysia?
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The stalls generally charge on the types and number of dishes you select. This is more objective and as you build rapport with the owners/workers, you are rewarded with some visible top-up as a repeat customer.

In Msia, you decide the amount you desire but with no weighing system, the stall owners may charge you indiscriminately.

As both systems are still subject to abuse, I prefer the former which creates less ground for dispute.
keelim
post Sep 28 2013, 01:30 PM

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QUOTE(Fiona Chin @ Sep 28 2013, 01:10 PM)
Some figures for young couples want to start out with a home and car.

4 fully furnished bedroom condo next to upcoming MRT - got it below market rate, ex-owner got some financial problem, he need a lump sum cash immediately. Paid 30% cash deposit on booking for the deal. 1020/sq ft, total about 1.6 mil.

Downpayment 25%
ABSD 10% - due to one of the owner having other properties in SG, wholly own and co-own also count as 1. 5% for people with no property.
BSD - about 3%
Legal fee - 5k, partly on the house by a family friend. Heard the rate is 0.5% normally.
Agent fee - 3k. Not compulsory, only applicable to seller, but the agent spent a lot of effort helping us for the deal.
Bank loan fee - Few hundred, not a big amount.

Downpayment (partly), ABSD, BSD, legal fee can use CPF.

Dead broke after the 30% deposit. CPF also sucked dry.

Loan 800K from bank, repayment period 25 years, monthly payment about 4k (can use CPF, so basically only need a small amount of cash). Good thing when buy condo is can rent out immediately, not like HDB 5 years period. Current tenant rental 5.2k, so heehee! Good way to convert the monthly CPF contribution into cash. Maintanance fee about 500 though, paid by owner.

Car

A X6 cost about 400k with COE (about 85k), without COE the price is about the same as Malaysia I heard. Bad thing for SG is the 50% cash down payment. Monthly instalment about 2k for 10 years.
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I don't know where you are getting to in guiding young couples to start a family in Singapore. Throwing in an X6 with a S$1.6Mil condo example; is analogous to killing the self-esteem of a guy struggling to decide a S$1.7k flat monthly pay.

85 to 90% of locals stay in Public Housing in Singapore and only the 60th decile and above owns a car. For all the intents and purposes of your post, it just suggests that you will either struggle to start a family young, or you just die trying. Extrapolating your "guide" attest to this.


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