Discussion:
HDB retailers' problem
(too old to reply)
truth
2005-03-05 06:32:56 UTC
Permalink
The main cause of this big headache is the high price
these people paid to buy their shops from the government
before the collapse of the last property bull run in the 90's.
The pap government engineered that property bull run which
went horribly wrong. All these tie in with upgrading and asset
enhancement which the pap hardly mentioned these days.
The idea then was to ensure that
a. the shops sell off will be a success.
b. the government can ripped huge profits.
c. owner shopkeepers will take good care of their shops.

While the bull run were in progress, everybody were happily
clamoring to buy which lead to a self feeding frenzy which the
pap government were only to happy that it continue.

When the property market crash as a result of the Asian financial
crisis the poor shopkeepers were left holding the hot potato and
the pap government with huge surplus $billions.
AleXX
2005-03-05 08:11:41 UTC
Permalink
Post by truth
The main cause of this big headache is the high price
these people paid to buy their shops from the government
before the collapse of the last property bull run in the 90's.
The pap government engineered that property bull run which
went horribly wrong. All these tie in with upgrading and asset
enhancement which the pap hardly mentioned these days.
The idea then was to ensure that
a. the shops sell off will be a success.
b. the government can ripped huge profits.
c. owner shopkeepers will take good care of their shops.
While the bull run were in progress, everybody were happily
clamoring to buy which lead to a self feeding frenzy which the
pap government were only to happy that it continue.
When the property market crash as a result of the Asian financial
crisis the poor shopkeepers were left holding the hot potato and
the pap government with huge surplus $billions.
So the Asian financial crisis was engineered by the PAP? you just
love to tell lies and then connect them to other lies, so as to make
your arguments sound incredible, but you can only convince your fellow
nursery kiddies............
truth
2005-03-05 15:33:52 UTC
Permalink
Post by AleXX
Post by truth
The main cause of this big headache is the high price
these people paid to buy their shops from the government
before the collapse of the last property bull run in the 90's.
The pap government engineered that property bull run which
went horribly wrong. All these tie in with upgrading and asset
enhancement which the pap hardly mentioned these days.
The idea then was to ensure that
a. the shops sell off will be a success.
b. the government can ripped huge profits.
c. owner shopkeepers will take good care of their shops.
While the bull run were in progress, everybody were happily
clamoring to buy which lead to a self feeding frenzy which the
pap government were only to happy that it continue.
When the property market crash as a result of the Asian financial
crisis the poor shopkeepers were left holding the hot potato and
the pap government with huge surplus $billions.
So the Asian financial crisis was engineered by the PAP? you just
love to tell lies and then connect them to other lies, so as to make
your arguments sound incredible, but you can only convince your fellow
nursery kiddies............
You certainly have got no originality.

Did I claimed that the Asian financial crisis was engineered by the pap ?
A pap stooge will distort anything and everything I posted.
Nothing new to me.
There are more than enough evidences out in the public domain to
show that the pap multi$million ministers for their own selfish reasons
engineered the last property boom in Singapore and in their moment
of greed they lost control of it and as luck would have it an external
event, beyond their control hit. Thus depriving them of the chance to
engineer a soft landing resulting in the big economic mess they
are now unable to resolve.
You are either not aware of or have forgotten that the HBD
decided to relax the rule preventing owners of the leased pigeon
hole from buying private property; that the zoning of some areas were
increased creating multi$millionaires overnight; that they relax the rules
to allow PRs to buy leased pigeon holes in the secondary market;
that they decided to peg their salaries to the top 3 performers resulting
in many fold jump in their salary into the multi$million category; that
they try to camouflage the obscenity of their huge pay increases
by increasing the salary of their stooges and balls carriers; that the
buyers
of luxury houses and apartments were predominantly from pap politicians
and their stooges.
hitler
2005-03-05 13:10:59 UTC
Permalink
retailers pay high price to profiteers not that govt don't know
Post by truth
The main cause of this big headache is the high price
these people paid to buy their shops from the government
before the collapse of the last property bull run in the 90's.
The pap government engineered that property bull run which
went horribly wrong. All these tie in with upgrading and asset
enhancement which the pap hardly mentioned these days.
The idea then was to ensure that
a. the shops sell off will be a success.
b. the government can ripped huge profits.
c. owner shopkeepers will take good care of their shops.
While the bull run were in progress, everybody were happily
clamoring to buy which lead to a self feeding frenzy which the
pap government were only to happy that it continue.
When the property market crash as a result of the Asian financial
crisis the poor shopkeepers were left holding the hot potato and
the pap government with huge surplus $billions.
Dr. Richard Lim
2005-03-06 05:17:10 UTC
Permalink
People got greedy. Can't blame the Government.
Post by truth
The main cause of this big headache is the high price
these people paid to buy their shops from the government
before the collapse of the last property bull run in the 90's.
The pap government engineered that property bull run which
went horribly wrong. All these tie in with upgrading and asset
enhancement which the pap hardly mentioned these days.
The idea then was to ensure that
a. the shops sell off will be a success.
b. the government can ripped huge profits.
c. owner shopkeepers will take good care of their shops.
While the bull run were in progress, everybody were happily
clamoring to buy which lead to a self feeding frenzy which the
pap government were only to happy that it continue.
When the property market crash as a result of the Asian financial
crisis the poor shopkeepers were left holding the hot potato and
the pap government with huge surplus $billions.
truth
2005-03-06 13:32:46 UTC
Permalink
The government got greedy first and then to justify
their greed they encourage others to be greedy.

Government policies like asset enhancements, two bite of the
cherries have contributed in a big way to the greed of
Singaporeans.
Post by Dr. Richard Lim
People got greedy. Can't blame the Government.
Post by truth
The main cause of this big headache is the high price
these people paid to buy their shops from the government
before the collapse of the last property bull run in the 90's.
The pap government engineered that property bull run which
went horribly wrong. All these tie in with upgrading and asset
enhancement which the pap hardly mentioned these days.
The idea then was to ensure that
a. the shops sell off will be a success.
b. the government can ripped huge profits.
c. owner shopkeepers will take good care of their shops.
While the bull run were in progress, everybody were happily
clamoring to buy which lead to a self feeding frenzy which the
pap government were only to happy that it continue.
When the property market crash as a result of the Asian financial
crisis the poor shopkeepers were left holding the hot potato and
the pap government with huge surplus $billions.
lobert lo
2005-03-07 04:59:42 UTC
Permalink
It should be the people are greedy and the government pick up from
there. If the people are not greedy, whatever the government do, it's
not going to work. People are generally greedy and the government is
also made up by people. Chicken and egg issue !
Post by truth
The government got greedy first and then to justify
their greed they encourage others to be greedy.
Government policies like asset enhancements, two bite of the
cherries have contributed in a big way to the greed of
Singaporeans.
Post by Dr. Richard Lim
People got greedy. Can't blame the Government.
Post by truth
The main cause of this big headache is the high price
these people paid to buy their shops from the government
before the collapse of the last property bull run in the 90's.
The pap government engineered that property bull run which
went horribly wrong. All these tie in with upgrading and asset
enhancement which the pap hardly mentioned these days.
The idea then was to ensure that
a. the shops sell off will be a success.
b. the government can ripped huge profits.
c. owner shopkeepers will take good care of their shops.
While the bull run were in progress, everybody were happily
clamoring to buy which lead to a self feeding frenzy which the
pap government were only to happy that it continue.
When the property market crash as a result of the Asian financial
crisis the poor shopkeepers were left holding the hot potato and
the pap government with huge surplus $billions.
truth
2005-03-07 05:41:01 UTC
Permalink
What started it all ?
Greed from the top down.
When ministers started dipping their hands into the
treasury tills to pay themselves $million salary, it will
only wet the appetite of the people lower down.
Singaporean after 40+ years of pap rules have been
cowed into a flock of sheep who will follow
the Sheppard where ever he wants them to go.

If the government really wanted to they can easily
changed policies to kill speculations. The trouble is
they are the biggest beneficiaries of the run away
property prices. That is why all their measures
are half hearted.
It should be the people are greedy and the government pick up from there.
If the people are not greedy, whatever the government do, it's not going
to work. People are generally greedy and the government is also made up by
people. Chicken and egg issue !
Post by truth
The government got greedy first and then to justify
their greed they encourage others to be greedy.
Government policies like asset enhancements, two bite of the
cherries have contributed in a big way to the greed of
Singaporeans.
Post by Dr. Richard Lim
People got greedy. Can't blame the Government.
Post by truth
The main cause of this big headache is the high price
these people paid to buy their shops from the government
before the collapse of the last property bull run in the 90's.
The pap government engineered that property bull run which
went horribly wrong. All these tie in with upgrading and asset
enhancement which the pap hardly mentioned these days.
The idea then was to ensure that
a. the shops sell off will be a success.
b. the government can ripped huge profits.
c. owner shopkeepers will take good care of their shops.
While the bull run were in progress, everybody were happily
clamoring to buy which lead to a self feeding frenzy which the
pap government were only to happy that it continue.
When the property market crash as a result of the Asian financial
crisis the poor shopkeepers were left holding the hot potato and
the pap government with huge surplus $billions.
ardeedee
2005-03-06 19:54:36 UTC
Permalink
Govt is greedy - pushng for highest bidding and creating bidding war to
drive prices up and simply collect regardless of the viability.
Post by Dr. Richard Lim
People got greedy. Can't blame the Government.
Post by truth
The main cause of this big headache is the high price
these people paid to buy their shops from the government
before the collapse of the last property bull run in the 90's.
The pap government engineered that property bull run which
went horribly wrong. All these tie in with upgrading and asset
enhancement which the pap hardly mentioned these days.
The idea then was to ensure that
a. the shops sell off will be a success.
b. the government can ripped huge profits.
c. owner shopkeepers will take good care of their shops.
While the bull run were in progress, everybody were happily
clamoring to buy which lead to a self feeding frenzy which the
pap government were only to happy that it continue.
When the property market crash as a result of the Asian financial
crisis the poor shopkeepers were left holding the hot potato and
the pap government with huge surplus $billions.
rinpoche
2005-03-07 05:48:56 UTC
Permalink
The market was first tested with the new shops. I remember the winning
bid for a new HDB shop was $470k at Bukit Panjang in the late 80s. From
then on, existing tenants of old HDB shops were made offers with a
"discount". DBS loan officers actually visited these potential shop
owners, "selling" their loans with a hitherto unseen enthusiasm. The
most popular areas were up for sale first. The less popular were held
up till the bubble was further inflated and their "market values"
matched those of the prime areas. In the mid 90s, even an old shophouse
in an unhappening part of Hougang was going for 650k.

The Asian financial crisis actually brought hope and confidence to many
Singaporeans. Our country escaped relatively unscathed - or so it
seemed. Towards the end of the 90s and the beginning to 2000, many
commerical properties actually soared in value, even higher than
pre-crisis values.
Post by ardeedee
Govt is greedy - pushng for highest bidding and creating bidding war to
drive prices up and simply collect regardless of the viability.
rinpoche
2005-03-07 05:36:06 UTC
Permalink
Imagine yourself paying rent to the HDB for a decade and now the HDB
offers to sell you the property and with a strongly publiced "discount"
to boot. Can't you imagine yourself as an owner of the commerical
property, operating rent-free in say, 20 years' time? Is that greed or
just a humble vision to which every businessman is entitled? Are you
telling us that you will continue to rent the place from HDB, paying
rent until a predicted recession, disbelieving in all the good news
that the media and the government have been feeding you?

It's so easy to speak with hindsight, but what if you were a shopkeeper
and you found yourself in their shoes 10 years ago? Are you going to
reject HDB's offer and chase all the DBS loan officers (didn't even
need to call them) away? Would you have said that HDB had overpriced
the shops back then?
Post by Dr. Richard Lim
People got greedy. Can't blame the Government.
Post by truth
The main cause of this big headache is the high price
these people paid to buy their shops from the government
before the collapse of the last property bull run in the 90's.
The pap government engineered that property bull run which
went horribly wrong. All these tie in with upgrading and asset
enhancement which the pap hardly mentioned these days.
The idea then was to ensure that
a. the shops sell off will be a success.
b. the government can ripped huge profits.
c. owner shopkeepers will take good care of their shops.
While the bull run were in progress, everybody were happily
clamoring to buy which lead to a self feeding frenzy which the
pap government were only to happy that it continue.
When the property market crash as a result of the Asian financial
crisis the poor shopkeepers were left holding the hot potato and
the pap government with huge surplus $billions.
AleXX
2005-03-07 15:07:20 UTC
Permalink
Post by rinpoche
It's so easy to speak with hindsight, but what if you were a shopkeeper
and you found yourself in their shoes 10 years ago? Are you going to
reject HDB's offer and chase all the DBS loan officers (didn't even
need to call them) away? Would you have said that HDB had overpriced
the shops back then?
Price is always governed by the economic laws of demand and supply.

I recall during a meet the people session few years ago at Kreta Ayer
CC, some shop keepers complained to the then MP and Minister of
Finance Richard Hu on the mess along Eu Tong Sen Street due to the MRT
construction going on. They wanted the government to compensate them
for their loss of business.....Richard Hu cooly responded: if I agree
to compensate you, would you also agree to share your profits when the
MRT is running, and your shop houses increased in value?

No one took his offer........:=)
rinpoche
2005-03-08 01:33:11 UTC
Permalink
It's interesting how some people think. I've already shown to you that
price is not always a simple matter of demand and supply. Prices can be
manipulated one way or another. Potential buyers can be put in a
position where they have no better option but to buy at the current
price. Why are you still regurgitating textbook information that
everyone already knows? What is your experience in real life?
Post by AleXX
Price is always governed by the economic laws of demand and supply.
I recall during a meet the people session few years ago at Kreta Ayer
CC, some shop keepers complained to the then MP and Minister of
Finance Richard Hu on the mess along Eu Tong Sen Street due to the MRT
construction going on. They wanted the government to compensate them
for their loss of business.....Richard Hu cooly responded: if I agree
to compensate you, would you also agree to share your profits when the
MRT is running, and your shop houses increased in value?
No one took his offer........:=)
What a ridiculous offer. No wonder no one took it and I guess you must
have been the only one in the room to think that Dr Hu was serious.

Do you think the sole objective for constructing the NEL is to bring
more traffic to Chinatown and fatten the pockets of the shopkeepers?
Are they offering free rides? If your shop has no traffic, I operate a
4D counter next door (with only my own business interests in mind), the
rise in traffic indirectly benefits you and I can collect a share of
your profits?
truth
2005-03-08 05:23:14 UTC
Permalink
His only experienced is to be handled $ on silver platter
from his father and now he is squandering them on his own
pleasures like over indulgence in food, wine and women. Of
course to overcome his depression he fly aimlessly all over
the place.
In short I am saying he knows only how to spend money.
Post by rinpoche
It's interesting how some people think. I've already shown to you that
price is not always a simple matter of demand and supply. Prices can be
manipulated one way or another. Potential buyers can be put in a
position where they have no better option but to buy at the current
price. Why are you still regurgitating textbook information that
everyone already knows? What is your experience in real life?
Post by AleXX
Price is always governed by the economic laws of demand and supply.
I recall during a meet the people session few years ago at Kreta Ayer
CC, some shop keepers complained to the then MP and Minister of
Finance Richard Hu on the mess along Eu Tong Sen Street due to the
MRT
Post by AleXX
construction going on. They wanted the government to compensate them
for their loss of business.....Richard Hu cooly responded: if I agree
to compensate you, would you also agree to share your profits when
the
Post by AleXX
MRT is running, and your shop houses increased in value?
No one took his offer........:=)
What a ridiculous offer. No wonder no one took it and I guess you must
have been the only one in the room to think that Dr Hu was serious.
Do you think the sole objective for constructing the NEL is to bring
more traffic to Chinatown and fatten the pockets of the shopkeepers?
Are they offering free rides? If your shop has no traffic, I operate a
4D counter next door (with only my own business interests in mind), the
rise in traffic indirectly benefits you and I can collect a share of
your profits?
AleXX
2005-03-08 13:01:56 UTC
Permalink
Post by truth
His only experienced is to be handled $ on silver platter
from his father and now he is squandering them on his own
pleasures like over indulgence in food, wine and women. Of
course to overcome his depression he fly aimlessly all over
the place.
In short I am saying he knows only how to spend money.
You live up to your reputation as a Liar...keep it up, you're doing
very well on your thesis....at Christmas will get you an internet
Diploma as:

Dr Liar, Phd

LOL :=)
truth
2005-03-08 14:40:46 UTC
Permalink
That is from your own postings.
Due to your psychological defects you go
out of your way to project an image of
someone happily spending away.
If it is not true than you are the one who lie.
Post by AleXX
Post by truth
His only experienced is to be handled $ on silver platter
from his father and now he is squandering them on his own
pleasures like over indulgence in food, wine and women. Of
course to overcome his depression he fly aimlessly all over
the place.
In short I am saying he knows only how to spend money.
You live up to your reputation as a Liar...keep it up, you're doing
very well on your thesis....at Christmas will get you an internet
Dr Liar, Phd
LOL :=)
AleXX
2005-03-08 11:41:36 UTC
Permalink
Post by rinpoche
It's interesting how some people think. I've already shown to you that
price is not always a simple matter of demand and supply. Prices can be
manipulated one way or another. Potential buyers can be put in a
position where they have no better option but to buy at the current
price. Why are you still regurgitating textbook information that
everyone already knows? What is your experience in real life?
The pricing of 10 years ago would be governed by the economics
conditions prevailing at the time, which also meant the demand for
those retail spaces by those who wanted to open retail shops......many
things have changed since, and the rules of the game need to be
adapted and readjusted to the new conditions.....I fail to see how one
could be "manipulated" into buying something which one does not
want......?


To illustrate:

Until 10 years ago, it was difficult for the average Sporean to get
visa and travel to China, now any one can just hop onto a plane and be
in Beijing, Shanghai Canton in 6 hours.
Result: many travel to Chinese cities then return home, open small
shops/stalls retailing Chinese products, which they bought from the
road side stalls in Shanghai, ShenZen. When the beginners did well,
the others will just simply follow suit and hop onto the planes also.

3 years ago, it cost $350 return to fly to Bangkok, now it costs $120
return and getting cheaper. Result: people go there to eat Thai food
and do their shopping over a two to three day periods....and have
cheapo spas treatment and body massage.....:=)

Until 4 years ago, Spore specialists charged whatever they liked on
their "rich" overseas patients....now this lot has a choice to fly to
Bangkok, Shanghai, KL, Penang for their lasik, their boobs
enchancement, and other surgeries. Result: the Spore private
doctors/specialists have to buy one less Mercedes sports car.....

The world is changing.....ye good olde days are over, adapt quickly or
die...:=)
The Bishop
2005-03-08 12:00:54 UTC
Permalink
Post by AleXX
Post by rinpoche
It's interesting how some people think. I've already shown to you that
price is not always a simple matter of demand and supply. Prices can be
manipulated one way or another. Potential buyers can be put in a
position where they have no better option but to buy at the current
price. Why are you still regurgitating textbook information that
everyone already knows? What is your experience in real life?
The pricing of 10 years ago would be governed by the economics
conditions prevailing at the time, which also meant the demand for
those retail spaces by those who wanted to open retail shops......many
things have changed since, and the rules of the game need to be
adapted and readjusted to the new conditions.....I fail to see how one
could be "manipulated" into buying something which one does not
want......?
Until 10 years ago, it was difficult for the average Sporean to get
visa and travel to China, now any one can just hop onto a plane and be
in Beijing, Shanghai Canton in 6 hours.
Result: many travel to Chinese cities then return home, open small
shops/stalls retailing Chinese products, which they bought from the
road side stalls in Shanghai, ShenZen. When the beginners did well,
the others will just simply follow suit and hop onto the planes also.
3 years ago, it cost $350 return to fly to Bangkok, now it costs $120
return and getting cheaper. Result: people go there to eat Thai food
and do their shopping over a two to three day periods....and have
cheapo spas treatment and body massage.....:=)
*ahem* *aHem* *AHEM!!!* ...

AFAIK, the spa and body treatments that one person here chose were
never cheap, at least not by Thai standard. But compared to what that
is offered in locally and the price, it is definitely better, in terms
of service and ambience. Throw in a trip to the dentist there and
airfare costs less than a SBS feeder service in Ang Mo Kio.
Post by AleXX
Until 4 years ago, Spore specialists charged whatever they liked on
their "rich" overseas patients....now this lot has a choice to fly to
Bangkok, Shanghai, KL, Penang for their lasik, their boobs
enchancement, and other surgeries. Result: the Spore private
doctors/specialists have to buy one less Mercedes sports car.....
The world is changing.....ye good olde days are over, adapt quickly or
die...:=)
The smarter shoppers become, more business will die, nothing to do
with demand and supply ...... :))
AleXX
2005-03-08 12:57:31 UTC
Permalink
Post by The Bishop
Post by AleXX
The world is changing.....ye good olde days are over, adapt quickly or
die...:=)
The smarter shoppers become, more business will die, nothing to do
with demand and supply ...... :))
Still got....plenty of supply but no demand = dieded oso

same case as those China prostitutes.....plenty of demand, so supply
keeps on coming by the plane loads......LOL :=)
ardeedee
2005-03-08 15:53:04 UTC
Permalink
With the budget airlines costs for them to fly into Singapore will drop and
they can reduce prices?
Post by AleXX
Post by The Bishop
Post by AleXX
The world is changing.....ye good olde days are over, adapt quickly or
die...:=)
The smarter shoppers become, more business will die, nothing to do
with demand and supply ...... :))
Still got....plenty of supply but no demand = dieded oso
same case as those China prostitutes.....plenty of demand, so supply
keeps on coming by the plane loads......LOL :=)
rinpoche
2005-03-08 15:41:54 UTC
Permalink
Even the smartest housewife in the world can't cook rice without rice.
There is absolutely no way we can compete with Thailand in terms of
cost. I have friends there operating businesses with very little
turnover and they are still surviving because of unbelievably low
regulatory and operating costs. Yes, I tailor suits and even had my
wedding photos taken in Thailand. So what about Singapore? Are our
businessmen too greedy or stupid? Would they be better off with a few
lessons from AleXX?

Personally, I would be very, very grateful if NTUC closes just one of
its 2 malls near my shop. It would also be nice if other bus operators
are allowed to run the services taken off by SBS after NEL came into
operation. These alone will make the high regulatory fees and a lot of
other expensive and compulsory stuff a lot more manageable.
Post by The Bishop
*ahem* *aHem* *AHEM!!!* ...
AFAIK, the spa and body treatments that one person here chose were
never cheap, at least not by Thai standard. But compared to what that
is offered in locally and the price, it is definitely better, in terms
of service and ambience. Throw in a trip to the dentist there and
airfare costs less than a SBS feeder service in Ang Mo Kio.
AleXX
2005-03-09 13:32:08 UTC
Permalink
Post by rinpoche
Even the smartest housewife in the world can't cook rice without rice.
There is absolutely no way we can compete with Thailand in terms of
cost. I have friends there operating businesses with very little
turnover and they are still surviving because of unbelievably low
regulatory and operating costs. Yes, I tailor suits and even had my
wedding photos taken in Thailand. So what about Singapore? Are our
businessmen too greedy or stupid? Would they be better off with a few
lessons from AleXX?
I don't give lessons.....just discussing and putting out different
view points, personal or otherwise. Often others can see things that
you cannot see....that's normal, as you could be pre-occupied with
your own immediate problems. Doing business is never easy, it's always
a gamble.....either you make it or you go bust...most important
factors to consider are:

who are the customers you're aiming for? are there enough of them to
sustain your business? have you sufficient money to maintain at least
a three year cash-flow? what amount of minimum turnover you expect to
get to break even? who are your immediate competitors? can you compete
with them...etc etc...
I realise these are common enough questions, I am not trying to be
smart with you.....and there is no need for you to ask what are my
"qualifications".....rest assured you are talking to an old horse who
knows about retailing/wholesaling from a boutique shirt that retail
for $450 to an $0.80 needle box.....:=)
Post by rinpoche
Personally, I would be very, very grateful if NTUC closes just one of
its 2 malls near my shop. It would also be nice if other bus operators
are allowed to run the services taken off by SBS after NEL came into
operation. These alone will make the high regulatory fees and a lot of
other expensive and compulsory stuff a lot more manageable.
Post by The Bishop
*ahem* *aHem* *AHEM!!!* ...
AFAIK, the spa and body treatments that one person here chose were
never cheap, at least not by Thai standard. But compared to what
that
Post by The Bishop
is offered in locally and the price, it is definitely better, in
terms
Post by The Bishop
of service and ambience. Throw in a trip to the dentist there and
airfare costs less than a SBS feeder service in Ang Mo Kio.
truth
2005-03-09 15:28:34 UTC
Permalink
You cannot even manage the business your father handed to
you let alone teach others how to run their business.
Post by AleXX
Post by rinpoche
Even the smartest housewife in the world can't cook rice without rice.
There is absolutely no way we can compete with Thailand in terms of
cost. I have friends there operating businesses with very little
turnover and they are still surviving because of unbelievably low
regulatory and operating costs. Yes, I tailor suits and even had my
wedding photos taken in Thailand. So what about Singapore? Are our
businessmen too greedy or stupid? Would they be better off with a few
lessons from AleXX?
I don't give lessons.....just discussing and putting out different
view points, personal or otherwise. Often others can see things that
you cannot see....that's normal, as you could be pre-occupied with
your own immediate problems. Doing business is never easy, it's always
a gamble.....either you make it or you go bust...most important
who are the customers you're aiming for? are there enough of them to
sustain your business? have you sufficient money to maintain at least
a three year cash-flow? what amount of minimum turnover you expect to
get to break even? who are your immediate competitors? can you compete
with them...etc etc...
I realise these are common enough questions, I am not trying to be
smart with you.....and there is no need for you to ask what are my
"qualifications".....rest assured you are talking to an old horse who
knows about retailing/wholesaling from a boutique shirt that retail
for $450 to an $0.80 needle box.....:=)
Post by rinpoche
Personally, I would be very, very grateful if NTUC closes just one of
its 2 malls near my shop. It would also be nice if other bus operators
are allowed to run the services taken off by SBS after NEL came into
operation. These alone will make the high regulatory fees and a lot of
other expensive and compulsory stuff a lot more manageable.
Post by The Bishop
*ahem* *aHem* *AHEM!!!* ...
AFAIK, the spa and body treatments that one person here chose were
never cheap, at least not by Thai standard. But compared to what
that
Post by The Bishop
is offered in locally and the price, it is definitely better, in
terms
Post by The Bishop
of service and ambience. Throw in a trip to the dentist there and
airfare costs less than a SBS feeder service in Ang Mo Kio.
rinpoche
2005-03-08 13:26:56 UTC
Permalink
I fail to see how one
Post by AleXX
could be "manipulated" into buying something which one does not
want......?
What are you talking about? Why would a shopkeeper not want to own a
shop? It's every shopkeeper's dream to own a shop and not have to keep
paying rent. If you're the unscrupulous seller, you would tempt them
with make-believe discounts, discourage them with future rent increases
and offer them 100% financing. Was there a better option than to buy?
Would you take the risk with future rent hikes? Is it a sign of your
great wisdom and the shopkeepers' greed or stupidity that the majority
of them ended up buying?
Post by AleXX
Until 10 years ago, it was difficult for the average Sporean to get
visa and travel to China, now any one can just hop onto a plane and be
in Beijing, Shanghai Canton in 6 hours.
Result: many travel to Chinese cities then return home, open small
shops/stalls retailing Chinese products, which they bought from the
road side stalls in Shanghai, ShenZen. When the beginners did well,
the others will just simply follow suit and hop onto the planes also.
You are oversimplifying things and underestimating people. It takes a
lot more than a little roadside shopping to purchase stocks in China
and retail them in Singapore. Many retailers here have done their
homework, have contacts with reliable suppliers and they know their
stuff. They need to register some of their stuff before they can sell
them in Singapore. I have encountered a dozen different brands of fake
Yunnan Bai Yao and cordyceps in Kunming alone. I can't comment on the
gems because I don't know much about them. Happy shopping.
Post by AleXX
3 years ago, it cost $350 return to fly to Bangkok, now it costs $120
return and getting cheaper. Result: people go there to eat Thai food
and do their shopping over a two to three day periods....and have
cheapo spas treatment and body massage.....:=)
Until 4 years ago, Spore specialists charged whatever they liked on
their "rich" overseas patients....now this lot has a choice to fly to
Bangkok, Shanghai, KL, Penang for their lasik, their boobs
enchancement, and other surgeries. Result: the Spore private
doctors/specialists have to buy one less Mercedes sports car.....
The world is changing.....ye good olde days are over, adapt quickly or
die...:=)
So what's your point? Is it the fault of strictly-regulated spa and
clinic operators in Singapore that they can't compete against the much
lower overheads in Thailand? You should know that over the years, the
number of licences that our spa and clinic operators have to apply and
pay for have increased several fold. The result is that poor
Singaporean doctors have to work far longer hours than before and still
take a bus to work while their counterparts in Thailand happily drive
home in their Mercedes, fed by Singaporean patients who are actually
overpaying them by Thai standards.

How do people adapt? Well, I know a group of Japanese surgeons who
sneak into a Thai hospital after office hours and operate on their
Japanese patients on medical tours.
truth
2005-03-08 14:57:22 UTC
Permalink
Everybody is changing except you, your gang and your
pap masters.

In Singapore whatever the pap government wants it will
get no matter what. Even the USA government cannot stop.
So if the pap government want to unload their HDB shops to
the shopkeeper, it shall be done and has been done.
The simple trick is to keep on jerking up property prices to give
the shopkeepers a delusion of making a killing and a panic
delusion of run away rentals. So they all succumb and now
paying the heavy price.

BTW supply and demand can be easily manipulated especially
in Singapore with pap monopolistic power.

How can you under project the power of your masters ?
Post by AleXX
Post by rinpoche
It's interesting how some people think. I've already shown to you that
price is not always a simple matter of demand and supply. Prices can be
manipulated one way or another. Potential buyers can be put in a
position where they have no better option but to buy at the current
price. Why are you still regurgitating textbook information that
everyone already knows? What is your experience in real life?
The pricing of 10 years ago would be governed by the economics
conditions prevailing at the time, which also meant the demand for
those retail spaces by those who wanted to open retail shops......many
things have changed since, and the rules of the game need to be
adapted and readjusted to the new conditions.....I fail to see how one
could be "manipulated" into buying something which one does not
want......?
Until 10 years ago, it was difficult for the average Sporean to get
visa and travel to China, now any one can just hop onto a plane and be
in Beijing, Shanghai Canton in 6 hours.
Result: many travel to Chinese cities then return home, open small
shops/stalls retailing Chinese products, which they bought from the
road side stalls in Shanghai, ShenZen. When the beginners did well,
the others will just simply follow suit and hop onto the planes also.
3 years ago, it cost $350 return to fly to Bangkok, now it costs $120
return and getting cheaper. Result: people go there to eat Thai food
and do their shopping over a two to three day periods....and have
cheapo spas treatment and body massage.....:=)
Until 4 years ago, Spore specialists charged whatever they liked on
their "rich" overseas patients....now this lot has a choice to fly to
Bangkok, Shanghai, KL, Penang for their lasik, their boobs
enchancement, and other surgeries. Result: the Spore private
doctors/specialists have to buy one less Mercedes sports car.....
The world is changing.....ye good olde days are over, adapt quickly or
die...:=)
AleXX
2005-03-09 13:34:08 UTC
Permalink
Post by truth
Everybody is changing except you, your gang and your
pap masters.
In Singapore whatever the pap government wants it will
get no matter what. Even the USA government cannot stop.
So if the pap government want to unload their HDB shops to
the shopkeeper, it shall be done and has been done.
The simple trick is to keep on jerking up property prices to give
the shopkeepers a delusion of making a killing and a panic
delusion of run away rentals. So they all succumb and now
paying the heavy price.
BTW supply and demand can be easily manipulated especially
in Singapore with pap monopolistic power.
How can you under project the power of your masters ?
Go and talk to those sea gulls on the banks of Swan river, they'll be
happy to listen to your nonsense........
The Bishop
2005-03-09 13:43:17 UTC
Permalink
Post by AleXX
Post by truth
Everybody is changing except you, your gang and your
pap masters.
In Singapore whatever the pap government wants it will
get no matter what. Even the USA government cannot stop.
So if the pap government want to unload their HDB shops to
the shopkeeper, it shall be done and has been done.
The simple trick is to keep on jerking up property prices to give
the shopkeepers a delusion of making a killing and a panic
delusion of run away rentals. So they all succumb and now
paying the heavy price.
BTW supply and demand can be easily manipulated especially
in Singapore with pap monopolistic power.
How can you under project the power of your masters ?
Go and talk to those sea gulls on the banks of Swan river, they'll be
happy to listen to your nonsense........
He will even claim he is a mutant, to prove a point ..... LOL
truth
2005-03-09 15:29:17 UTC
Permalink
Post by The Bishop
Post by AleXX
Post by truth
Everybody is changing except you, your gang and your
pap masters.
In Singapore whatever the pap government wants it will
get no matter what. Even the USA government cannot stop.
So if the pap government want to unload their HDB shops to
the shopkeeper, it shall be done and has been done.
The simple trick is to keep on jerking up property prices to give
the shopkeepers a delusion of making a killing and a panic
delusion of run away rentals. So they all succumb and now
paying the heavy price.
BTW supply and demand can be easily manipulated especially
in Singapore with pap monopolistic power.
How can you under project the power of your masters ?
Go and talk to those sea gulls on the banks of Swan river, they'll be
happy to listen to your nonsense........
He will even claim he is a mutant, to prove a point ..... LOL
Kindergarten children talking ?
AleXX
2005-03-11 15:33:43 UTC
Permalink
Post by The Bishop
Post by AleXX
Post by truth
BTW supply and demand can be easily manipulated especially
in Singapore with pap monopolistic power.
How can you under project the power of your masters ?
Go and talk to those sea gulls on the banks of Swan river, they'll be
happy to listen to your nonsense........
He will even claim he is a mutant, to prove a point ..... LOL
Flapping his wings...and wagging his tail for crumbs of bread LOL :=)
truth
2005-03-09 15:28:35 UTC
Permalink
Post by AleXX
Post by truth
Everybody is changing except you, your gang and your
pap masters.
In Singapore whatever the pap government wants it will
get no matter what. Even the USA government cannot stop.
So if the pap government want to unload their HDB shops to
the shopkeeper, it shall be done and has been done.
The simple trick is to keep on jerking up property prices to give
the shopkeepers a delusion of making a killing and a panic
delusion of run away rentals. So they all succumb and now
paying the heavy price.
BTW supply and demand can be easily manipulated especially
in Singapore with pap monopolistic power.
How can you under project the power of your masters ?
Go and talk to those sea gulls on the banks of Swan river, they'll be
happy to listen to your nonsense........
What do I expect from a no brainer pap ass licker ?
truth
2005-03-08 05:21:00 UTC
Permalink
Post by AleXX
Price is always governed by the economic laws of demand and supply.
Oh, I see you getting into some economics now ?

The law of economics of Singapore is very much governed by the
seen and unseen hands of the pap Government. If in doubt
go check with Dr. Goh.
The Bishop
2005-03-08 08:59:15 UTC
Permalink
Post by truth
Post by AleXX
Price is always governed by the economic laws of demand and supply.
Oh, I see you getting into some economics now ?
The law of economics of Singapore is very much governed by the
seen and unseen hands of the pap Government. If in doubt
go check with Dr. Goh.
This is way out of your league, someting you have no knowledge of.
Its would be better for you to stick to your staple of male prostitues
and pap stooges ......... LOL
AleXX
2005-03-08 10:01:15 UTC
Permalink
Post by The Bishop
Post by truth
Post by AleXX
Price is always governed by the economic laws of demand and supply.
Oh, I see you getting into some economics now ?
The law of economics of Singapore is very much governed by the
seen and unseen hands of the pap Government. If in doubt
go check with Dr. Goh.
This is way out of your league, someting you have no knowledge of.
Its would be better for you to stick to your staple of male prostitues
and pap stooges ......... LOL
He should seriously consider getting the franchise of the Sydney's
Mardi Gras for Perth....LOL :=)
truth
2005-03-08 14:43:36 UTC
Permalink
Trying to drag me into you cheap thrills ?
Keep on dreaming and deluding yourself.
Post by AleXX
Post by The Bishop
Post by truth
Post by AleXX
Price is always governed by the economic laws of demand and supply.
Oh, I see you getting into some economics now ?
The law of economics of Singapore is very much governed by the
seen and unseen hands of the pap Government. If in doubt
go check with Dr. Goh.
This is way out of your league, someting you have no knowledge of.
Its would be better for you to stick to your staple of male prostitues
and pap stooges ......... LOL
He should seriously consider getting the franchise of the Sydney's
Mardi Gras for Perth....LOL :=)
AleXX
2005-03-09 07:53:33 UTC
Permalink
Post by truth
Trying to drag me into you cheap thrills ?
Keep on dreaming and deluding yourself.
no need to drag you, you seem to enjoy being kicked around like a
football anyway.
Post by truth
Post by AleXX
Post by The Bishop
Post by truth
Oh, I see you getting into some economics now ?
The law of economics of Singapore is very much governed by the
seen and unseen hands of the pap Government. If in doubt
go check with Dr. Goh.
This is way out of your league, someting you have no knowledge of.
Its would be better for you to stick to your staple of male prostitues
and pap stooges ......... LOL
He should seriously consider getting the franchise of the Sydney's
Mardi Gras for Perth....LOL :=)
truth
2005-03-09 13:04:38 UTC
Permalink
Post by AleXX
Post by truth
Trying to drag me into you cheap thrills ?
Keep on dreaming and deluding yourself.
no need to drag you, you seem to enjoy being kicked around like a
football anyway.
Why must you always hallucinate to feel good ?
Psychological defects by birth or upbringing ?
Post by AleXX
Post by truth
Post by AleXX
Post by The Bishop
Post by truth
Oh, I see you getting into some economics now ?
The law of economics of Singapore is very much governed by the
seen and unseen hands of the pap Government. If in doubt
go check with Dr. Goh.
This is way out of your league, someting you have no knowledge of.
Its would be better for you to stick to your staple of male prostitues
and pap stooges ......... LOL
He should seriously consider getting the franchise of the Sydney's
Mardi Gras for Perth....LOL :=)
AleXX
2005-03-09 13:44:45 UTC
Permalink
Post by truth
Post by AleXX
Post by truth
Trying to drag me into you cheap thrills ?
Keep on dreaming and deluding yourself.
no need to drag you, you seem to enjoy being kicked around like a
football anyway.
Why must you always hallucinate to feel good ?
Psychological defects by birth or upbringing ?
You're lying to yourself again.....get a grip on yourself mate!
truth
2005-03-09 15:30:13 UTC
Permalink
Post by AleXX
Post by truth
Post by AleXX
Post by truth
Trying to drag me into you cheap thrills ?
Keep on dreaming and deluding yourself.
no need to drag you, you seem to enjoy being kicked around like a
football anyway.
Why must you always hallucinate to feel good ?
Psychological defects by birth or upbringing ?
You're lying to yourself again.....get a grip on yourself mate!
The truth hurts.
AleXX
2005-03-11 05:19:20 UTC
Permalink
Post by truth
Post by AleXX
You're lying to yourself again.....get a grip on yourself mate!
The truth hurts.
Oh now you admit your short coming?
The Bishop
2005-03-11 09:51:17 UTC
Permalink
Post by AleXX
Post by truth
Post by AleXX
You're lying to yourself again.....get a grip on yourself mate!
The truth hurts.
Oh now you admit your short coming?
This is a direct free kick. When he says the ruth really hurts, it
becomes a penalty ...... It will be interesting to see what a no show
is like ....... :))
truth
2005-03-11 13:33:13 UTC
Permalink
Post by The Bishop
Post by AleXX
Post by truth
Post by AleXX
You're lying to yourself again.....get a grip on yourself mate!
The truth hurts.
Oh now you admit your short coming?
This is a direct free kick. When he says the ruth really hurts, it
becomes a penalty ...... It will be interesting to see what a no show
is like ....... :))
You are no more than his slave. Don't delude yourself that
you are playing football with him.
He is leading you like a dog into the cesspool and you still
are not aware of it. And all for what ? The little crumbs he
intentionally dropped on his feet for you to pick up.
You are such a cheap slave.
AleXX
2005-03-11 15:27:58 UTC
Permalink
Post by The Bishop
Post by AleXX
Post by truth
Post by AleXX
You're lying to yourself again.....get a grip on yourself mate!
The truth hurts.
Oh now you admit your short coming?
This is a direct free kick. When he says the ruth really hurts, it
becomes a penalty ...... It will be interesting to see what a no show
is like ....... :))
He will do a David Beckham........
truth
2005-03-11 13:29:50 UTC
Permalink
Post by AleXX
Post by truth
Post by AleXX
You're lying to yourself again.....get a grip on yourself mate!
The truth hurts.
Oh now you admit your short coming?
So you want to feel good by deluding yourself ?
truth
2005-03-08 14:42:04 UTC
Permalink
Keep on playing kindergarten games and you
will still be ignorant of many things.
Post by The Bishop
Post by truth
Post by AleXX
Price is always governed by the economic laws of demand and supply.
Oh, I see you getting into some economics now ?
The law of economics of Singapore is very much governed by the
seen and unseen hands of the pap Government. If in doubt
go check with Dr. Goh.
This is way out of your league, someting you have no knowledge of.
Its would be better for you to stick to your staple of male prostitues
and pap stooges ......... LOL
AleXX
2005-03-09 13:01:39 UTC
Permalink
Post by truth
Keep on playing kindergarten games and you
will still be ignorant of many things.
look who's talking... you're stuck in the bundocks and could still
claim you know more?
truth
2005-03-09 15:32:18 UTC
Permalink
Post by AleXX
Post by truth
Keep on playing kindergarten games and you
will still be ignorant of many things.
look who's talking... you're stuck in the bundocks and could still
claim you know more?
Anytime better than a duffer like you who change Oxley Rise to
Oxley Road. Who don't even know that in Singapore they dig
up the dead after 10 years.
Shame on you.
AleXX
2005-03-11 15:31:17 UTC
Permalink
Post by truth
Post by AleXX
Post by truth
Keep on playing kindergarten games and you
will still be ignorant of many things.
look who's talking... you're stuck in the bundocks and could still
claim you know more?
Anytime better than a duffer like you who change Oxley Rise to
Oxley Road. Who don't even know that in Singapore they dig
up the dead after 10 years.
Shame on you.
Was that one reason you didn't want to be buried in Spore? what
difference does that make to you after being underground for 10 years?
The Bishop
2005-03-11 15:58:13 UTC
Permalink
Post by AleXX
Post by truth
Post by AleXX
Post by truth
Keep on playing kindergarten games and you
will still be ignorant of many things.
look who's talking... you're stuck in the bundocks and could still
claim you know more?
Anytime better than a duffer like you who change Oxley Rise to
Oxley Road. Who don't even know that in Singapore they dig
up the dead after 10 years.
Shame on you.
Was that one reason you didn't want to be buried in Spore? what
difference does that make to you after being underground for 10 years?
No..... it is just his way of not knowing what to say any more and
decide to change the subject. Itis his way of drowning his sorrows...
AleXX
2005-03-12 04:27:26 UTC
Permalink
Post by The Bishop
Post by AleXX
Post by truth
Anytime better than a duffer like you who change Oxley Rise to
Oxley Road. Who don't even know that in Singapore they dig
up the dead after 10 years.
Shame on you.
Was that one reason you didn't want to be buried in Spore? what
difference does that make to you after being underground for 10 years?
No..... it is just his way of not knowing what to say any more and
decide to change the subject. Itis his way of drowning his sorrows...
Ok then as a mark of respect to the soon to be departed, I shall
refrain from posting for 72 hours.....let him enjoyed to post more
lies.......:=)
truth
2005-03-12 05:52:11 UTC
Permalink
Post by AleXX
Post by The Bishop
Post by AleXX
Post by truth
Anytime better than a duffer like you who change Oxley Rise to
Oxley Road. Who don't even know that in Singapore they dig
up the dead after 10 years.
Shame on you.
Was that one reason you didn't want to be buried in Spore? what
difference does that make to you after being underground for 10 years?
No..... it is just his way of not knowing what to say any more and
decide to change the subject. Itis his way of drowning his sorrows...
Ok then as a mark of respect to the soon to be departed, I shall
refrain from posting for 72 hours.....let him enjoyed to post more
lies.......:=)
You will not be able to endure the agony. Without a constant
stream of delusion your life is an agony.
truth
2005-03-12 05:59:40 UTC
Permalink
If you want to delude yourself to feel good, that is your
choice which no body can stop you from doing.
However in posting your delusion here you are actually telling
us that your life is such a misery that you have to created
a constant stream of delusion to escape from your misery.

Worshiping osama bin laden did not help to alleviate your sufferings.
You are afraid to die to enjoy the 700 virgins he promised you in Hell.

Regular visit to the fuckshop at Desker Rd. did not help you either.

The anti depression drug you take also did not help.

The frequent holidays with prostitutes did not help either.

Very soon you will take narcotic drugs and will not be long
before you become a drug addict.

You slave "bi-sex" will make his appearance soon.
Post by AleXX
Post by The Bishop
Post by AleXX
Post by truth
Anytime better than a duffer like you who change Oxley Rise to
Oxley Road. Who don't even know that in Singapore they dig
up the dead after 10 years.
Shame on you.
Was that one reason you didn't want to be buried in Spore? what
difference does that make to you after being underground for 10 years?
No..... it is just his way of not knowing what to say any more and
decide to change the subject. Itis his way of drowning his sorrows...
Ok then as a mark of respect to the soon to be departed, I shall
refrain from posting for 72 hours.....let him enjoyed to post more
lies.......:=)
The Bishop
2005-03-12 13:56:20 UTC
Permalink
Post by AleXX
Post by The Bishop
Post by AleXX
Post by truth
Anytime better than a duffer like you who change Oxley Rise to
Oxley Road. Who don't even know that in Singapore they dig
up the dead after 10 years.
Shame on you.
Was that one reason you didn't want to be buried in Spore? what
difference does that make to you after being underground for 10 years?
No..... it is just his way of not knowing what to say any more and
decide to change the subject. Itis his way of drowning his sorrows...
Ok then as a mark of respect to the soon to be departed, I shall
refrain from posting for 72 hours.....let him enjoyed to post more
lies.......:=)
It is better you also telegram to him in Perth of your absence,
otherwise he will choke up all the bandwidth every hours and saying
that you are hiding until you are back in scs. He misses you more
than me ........ LOL
truth
2005-03-12 15:37:50 UTC
Permalink
Worthless shit from the mind of a slave.
Not read.
Post by The Bishop
Post by AleXX
Post by The Bishop
Post by AleXX
Post by truth
Anytime better than a duffer like you who change Oxley Rise to
Oxley Road. Who don't even know that in Singapore they dig
up the dead after 10 years.
Shame on you.
Was that one reason you didn't want to be buried in Spore? what
difference does that make to you after being underground for 10 years?
No..... it is just his way of not knowing what to say any more and
decide to change the subject. Itis his way of drowning his sorrows...
Ok then as a mark of respect to the soon to be departed, I shall
refrain from posting for 72 hours.....let him enjoyed to post more
lies.......:=)
It is better you also telegram to him in Perth of your absence,
otherwise he will choke up all the bandwidth every hours and saying
that you are hiding until you are back in scs. He misses you more
than me ........ LOL
truth
2005-03-12 05:50:39 UTC
Permalink
Post by The Bishop
Post by AleXX
Post by truth
Post by AleXX
Post by truth
Keep on playing kindergarten games and you
will still be ignorant of many things.
look who's talking... you're stuck in the bundocks and could still
claim you know more?
Anytime better than a duffer like you who change Oxley Rise to
Oxley Road. Who don't even know that in Singapore they dig
up the dead after 10 years.
Shame on you.
Was that one reason you didn't want to be buried in Spore? what
difference does that make to you after being underground for 10 years?
No..... it is just his way of not knowing what to say any more and
decide to change the subject. Itis his way of drowning his sorrows...
Ha, I see the cheap slave doing the biding of his owner.
AleXX
2005-03-08 11:45:57 UTC
Permalink
Post by truth
Post by AleXX
Price is always governed by the economic laws of demand and supply.
Oh, I see you getting into some economics now ?
The law of economics of Singapore is very much governed by the
seen and unseen hands of the pap Government. If in doubt
go check with Dr. Goh.
We are reaching the "survivors of the fittest" stage.....those not fit
enough should follow you and emigrate....then work as electricians in
Alice Springs with salaries of A$250,000 p/a...LOL :=)
truth
2005-03-08 14:48:45 UTC
Permalink
You will be the first to be eaten up.
You only know how to spend spend spend.
Your father will be twisting and turning in his grave.
Post by AleXX
Post by truth
Post by AleXX
Price is always governed by the economic laws of demand and supply.
Oh, I see you getting into some economics now ?
The law of economics of Singapore is very much governed by the
seen and unseen hands of the pap Government. If in doubt
go check with Dr. Goh.
We are reaching the "survivors of the fittest" stage.....those not fit
enough should follow you and emigrate....then work as electricians in
Alice Springs with salaries of A$250,000 p/a...LOL :=)
AleXX
2005-03-09 13:08:58 UTC
Permalink
Post by truth
You will be the first to be eaten up.
You only know how to spend spend spend.
Your father will be twisting and turning in his grave.
lies, threats, profanities, curses, now indulging in insulting the
departed....wah, you have all the fine qualities of character to
topple the PAP in the next GE......LOL :=)
truth
2005-03-09 15:40:06 UTC
Permalink
Post by AleXX
Post by truth
You will be the first to be eaten up.
You only know how to spend spend spend.
Your father will be twisting and turning in his grave.
lies, threats, profanities, curses, now indulging in insulting the
departed....wah, you have all the fine qualities of character to
topple the PAP in the next GE......LOL :=)
I am not even a politician.
I like to see how long your inherited wealth will last.
Wasting your time on wine, women, gambling and extravagant
consumption. Not enuf you still want cheap thrills by indulging in
silly and childish talk with "bi-sex".
How to run a business like that ?
AleXX
2005-03-11 15:32:07 UTC
Permalink
Post by truth
I am not even a politician.
I like to see how long your inherited wealth will last.
Wasting your time on wine, women, gambling and extravagant
consumption. Not enuf you still want cheap thrills by indulging in
silly and childish talk with "bi-sex".
How to run a business like that ?
......the business is growing, now we have 6 plus 15
......heheheee.......maybe will send you an invitation card when
no.17th opens in 2006...you will come won't you?
rinpoche
2005-03-08 14:55:42 UTC
Permalink
We've been in that stage for a very long time. Fly-by-night businesses
wind up all the time, even during the good old days. It's in recent
years that even those that should have what is takes to thrive are
barely surviving due to stifling regulations and high regulatory fees.

Of course, if you are big and powerful enough to set up malls in every
neighbourhood and MRT station and suck all traffic from the traditional
shophouses, then it shouldn't be a problem - for you. But I'm not sure
if you can call that survival of the fittest.
Post by AleXX
We are reaching the "survivors of the fittest" stage.....those not fit
enough should follow you and emigrate....then work as electricians in
Alice Springs with salaries of A$250,000 p/a...LOL :=)
ardeedee
2005-03-08 05:33:35 UTC
Permalink
Part of being an entrepreneur i.e. shopkeepers are self employed is to be
able to cost your expenses and bidding at skyhigh unsupportable prices is
one of those costs to avoid.

There should be no help for such shopkeepers who deliberately bidded so high
and deprived others who wre more businesslike to lose out.

They reap what they sow - they can give up their shophouses for others who
will lower such costs for all Singaporeans.

These are the people who will laugh at Singaporeans for being stupid if they
had been successful in their shophouse biz and now that they are on the
wrong end they must face up to the consequences.

There must be no help for entrepreneurs - this is the way to make them
competitive.
Post by AleXX
Post by rinpoche
It's so easy to speak with hindsight, but what if you were a shopkeeper
and you found yourself in their shoes 10 years ago? Are you going to
reject HDB's offer and chase all the DBS loan officers (didn't even
need to call them) away? Would you have said that HDB had overpriced
the shops back then?
Price is always governed by the economic laws of demand and supply.
I recall during a meet the people session few years ago at Kreta Ayer
CC, some shop keepers complained to the then MP and Minister of
Finance Richard Hu on the mess along Eu Tong Sen Street due to the MRT
construction going on. They wanted the government to compensate them
for their loss of business.....Richard Hu cooly responded: if I agree
to compensate you, would you also agree to share your profits when the
MRT is running, and your shop houses increased in value?
No one took his offer........:=)
lobert lo
2005-03-08 06:24:49 UTC
Permalink
If they cannot make themselves good businessmen, then close down and
look for a job. They cannot be employers then be employees !
Post by ardeedee
Part of being an entrepreneur i.e. shopkeepers are self employed is to be
able to cost your expenses and bidding at skyhigh unsupportable prices is
one of those costs to avoid.
There should be no help for such shopkeepers who deliberately bidded so high
and deprived others who wre more businesslike to lose out.
They reap what they sow - they can give up their shophouses for others who
will lower such costs for all Singaporeans.
These are the people who will laugh at Singaporeans for being stupid if they
had been successful in their shophouse biz and now that they are on the
wrong end they must face up to the consequences.
There must be no help for entrepreneurs - this is the way to make them
competitive.
Post by AleXX
Post by rinpoche
It's so easy to speak with hindsight, but what if you were a shopkeeper
and you found yourself in their shoes 10 years ago? Are you going to
reject HDB's offer and chase all the DBS loan officers (didn't even
need to call them) away? Would you have said that HDB had overpriced
the shops back then?
Price is always governed by the economic laws of demand and supply.
I recall during a meet the people session few years ago at Kreta Ayer
CC, some shop keepers complained to the then MP and Minister of
Finance Richard Hu on the mess along Eu Tong Sen Street due to the MRT
construction going on. They wanted the government to compensate them
for their loss of business.....Richard Hu cooly responded: if I agree
to compensate you, would you also agree to share your profits when the
MRT is running, and your shop houses increased in value?
No one took his offer........:=)
The Bishop
2005-03-08 09:46:13 UTC
Permalink
Post by lobert lo
If they cannot make themselves good businessmen, then close down and
look for a job. They cannot be employers then be employees !
There are some people who have absolutely no business to be in
business. They are simply not cut out for it and are into it for all
the wrong reason .... They are in the money squandering business..!!!
Post by lobert lo
Post by ardeedee
Part of being an entrepreneur i.e. shopkeepers are self employed is to be
able to cost your expenses and bidding at skyhigh unsupportable prices is
one of those costs to avoid.
There should be no help for such shopkeepers who deliberately bidded so high
and deprived others who wre more businesslike to lose out.
They reap what they sow - they can give up their shophouses for others who
will lower such costs for all Singaporeans.
These are the people who will laugh at Singaporeans for being stupid if they
had been successful in their shophouse biz and now that they are on the
wrong end they must face up to the consequences.
There must be no help for entrepreneurs - this is the way to make them
competitive.
Post by AleXX
Post by rinpoche
It's so easy to speak with hindsight, but what if you were a shopkeeper
and you found yourself in their shoes 10 years ago? Are you going to
reject HDB's offer and chase all the DBS loan officers (didn't even
need to call them) away? Would you have said that HDB had overpriced
the shops back then?
Price is always governed by the economic laws of demand and supply.
I recall during a meet the people session few years ago at Kreta Ayer
CC, some shop keepers complained to the then MP and Minister of
Finance Richard Hu on the mess along Eu Tong Sen Street due to the MRT
construction going on. They wanted the government to compensate them
for their loss of business.....Richard Hu cooly responded: if I agree
to compensate you, would you also agree to share your profits when the
MRT is running, and your shop houses increased in value?
No one took his offer........:=)
AleXX
2005-03-08 11:46:29 UTC
Permalink
Post by The Bishop
Post by lobert lo
If they cannot make themselves good businessmen, then close down and
look for a job. They cannot be employers then be employees !
There are some people who have absolutely no business to be in
business. They are simply not cut out for it and are into it for all
the wrong reason .... They are in the money squandering business..!!!
But many rationalise that, as long as they can make around $8K a month
nett, then it beats working 9 to 5........ but, the moment something
eats into their $8K, they get panicked......
The Bishop
2005-03-08 12:17:16 UTC
Permalink
Post by AleXX
Post by The Bishop
Post by lobert lo
If they cannot make themselves good businessmen, then close down and
look for a job. They cannot be employers then be employees !
There are some people who have absolutely no business to be in
business. They are simply not cut out for it and are into it for all
the wrong reason .... They are in the money squandering business..!!!
But many rationalise that, as long as they can make around $8K a month
nett, then it beats working 9 to 5........ but, the moment something
eats into their $8K, they get panicked......
Oh yes, that is what always happen because they could not and don't
know how to read it for the the longer term. Suddenly when the good
things dry up, it becomes a different event altogether, something that
they never planned for, don't know how to handle, in the end kaput..
Where got so easy one. I always believe that failure has to be
catered for, so that when it happens, it does not come as a surprise.
So when I failed, I still gain by learning from it, so what is there
to complain about ....... :))
truth
2005-03-08 14:45:12 UTC
Permalink
You are worst. Only know how to spend money.
Post by AleXX
Post by The Bishop
Post by lobert lo
If they cannot make themselves good businessmen, then close down and
look for a job. They cannot be employers then be employees !
There are some people who have absolutely no business to be in
business. They are simply not cut out for it and are into it for all
the wrong reason .... They are in the money squandering business..!!!
But many rationalise that, as long as they can make around $8K a month
nett, then it beats working 9 to 5........ but, the moment something
eats into their $8K, they get panicked......
truth
2005-03-08 14:44:25 UTC
Permalink
You are a part of it.
Post by The Bishop
Post by lobert lo
If they cannot make themselves good businessmen, then close down and
look for a job. They cannot be employers then be employees !
There are some people who have absolutely no business to be in
business. They are simply not cut out for it and are into it for all
the wrong reason .... They are in the money squandering business..!!!
Post by lobert lo
Post by ardeedee
Part of being an entrepreneur i.e. shopkeepers are self employed is to be
able to cost your expenses and bidding at skyhigh unsupportable prices is
one of those costs to avoid.
There should be no help for such shopkeepers who deliberately bidded so high
and deprived others who wre more businesslike to lose out.
They reap what they sow - they can give up their shophouses for others who
will lower such costs for all Singaporeans.
These are the people who will laugh at Singaporeans for being stupid if they
had been successful in their shophouse biz and now that they are on the
wrong end they must face up to the consequences.
There must be no help for entrepreneurs - this is the way to make them
competitive.
Post by AleXX
Post by rinpoche
It's so easy to speak with hindsight, but what if you were a shopkeeper
and you found yourself in their shoes 10 years ago? Are you going to
reject HDB's offer and chase all the DBS loan officers (didn't even
need to call them) away? Would you have said that HDB had overpriced
the shops back then?
Price is always governed by the economic laws of demand and supply.
I recall during a meet the people session few years ago at Kreta Ayer
CC, some shop keepers complained to the then MP and Minister of
Finance Richard Hu on the mess along Eu Tong Sen Street due to the MRT
construction going on. They wanted the government to compensate them
for their loss of business.....Richard Hu cooly responded: if I agree
to compensate you, would you also agree to share your profits when the
MRT is running, and your shop houses increased in value?
No one took his offer........:=)
AleXX
2005-03-09 13:10:10 UTC
Permalink
Post by truth
You are a part of it.
and You were part of the Sydney Mardi Gras? LOL :=)
Post by truth
Post by The Bishop
Post by lobert lo
If they cannot make themselves good businessmen, then close down and
look for a job. They cannot be employers then be employees !
There are some people who have absolutely no business to be in
business. They are simply not cut out for it and are into it for all
the wrong reason .... They are in the money squandering business..!!!
truth
2005-03-09 15:36:45 UTC
Permalink
Post by AleXX
Post by truth
You are a part of it.
and You were part of the Sydney Mardi Gras? LOL :=)
Certainly not as I am in Perth.
Fuck shop king like you and "bi-sex" should participate
and demonstrate your sexual exploit between the two of you.
Post by AleXX
Post by truth
Post by The Bishop
Post by lobert lo
If they cannot make themselves good businessmen, then close down and
look for a job. They cannot be employers then be employees !
There are some people who have absolutely no business to be in
business. They are simply not cut out for it and are into it for all
the wrong reason .... They are in the money squandering business..!!!
AleXX
2005-03-11 15:32:29 UTC
Permalink
Post by truth
Post by AleXX
Post by truth
You are a part of it.
and You were part of the Sydney Mardi Gras? LOL :=)
Certainly not as I am in Perth.
Fuck shop king like you and "bi-sex" should participate
and demonstrate your sexual exploit between the two of you.
You should ask them for the franchise for Perth.....then you can
stand on the lead float wearing your pink baby doll nightie....LOL :=)
rinpoche
2005-03-08 15:12:52 UTC
Permalink
And these guys will fail regardless of the prevailing conditions. There
is no argument here. But what about the guys who are surviving but are
not doing as well as they should because of a host of factors which are
in full control by the authorities?
Post by The Bishop
There are some people who have absolutely no business to be in
business. They are simply not cut out for it and are into it for all
the wrong reason .... They are in the money squandering business..!!!
The Bishop
2005-03-08 20:31:31 UTC
Permalink
Post by rinpoche
And these guys will fail regardless of the prevailing conditions. There
is no argument here. But what about the guys who are surviving but are
not doing as well as they should because of a host of factors which are
in full control by the authorities?
Ding well now does not mean it will be in the future. Because someone
ones to do the same to add to your competition and the customer base
remains the same or less because they can now go elsewhere. These
factors got nothing to do with the authorities. Customer just become
sien, when they become sien hiccups become problems, still cannot
handle then closed shop. I know of a few shopowners who would tell me
that the authorities this and that but as a business, they told me
they have to change a few times because customers tastes all koyak.
Now they are still able to make a decent living. So if they can do
it, why can't others ...... ?
Post by rinpoche
Post by The Bishop
There are some people who have absolutely no business to be in
business. They are simply not cut out for it and are into it for all
the wrong reason .... They are in the money squandering business..!!!
rinpoche
2005-03-08 23:45:27 UTC
Permalink
I'm not talking about free and fair competition which is inevitable and
has always been around. Chicken rice is not a new business and
customers were quite mobile even in the past, so the good chicken rice
survived, the bad ones failed. That's very fair. I think the
competition we face from overseas is also not a big issue. I'm not sure
how long the budget airlines can last anyway.

The curent problems HDB retailers face is more than just competition.
I'm talking about over-regulation and the costs of various licences,
especially in the health industry. I've seen shopkeepers already trying
hard to salvage their businesses, but they are often stopped from
putting forward some creative ideas and advertising because of
government regulations. How can you say that it has nothing to do with
the authorities when the inspectors from licencing authorities make
regular "courtesy calls". Some are nice people, but some give
shopkeepers nightmares, to the extent of forcing you to redo your
renovations for some lame reason like people may mistake your shop for
something else.

Over and above the free and fair competition, there is also some pretty
unfair competition. There are organisations that can plonk themselves
in the heart of new and old estates, just next to MRT, LRT stations,
all in a concerted effort to direct all forms of traffic there, turning
HDB shophouses into ghost towns. It doesn't matter how good or original
your chicken rice is.
Post by The Bishop
Ding well now does not mean it will be in the future. Because
someone
Post by The Bishop
ones to do the same to add to your competition and the customer base
remains the same or less because they can now go elsewhere. These
factors got nothing to do with the authorities. Customer just become
sien, when they become sien hiccups become problems, still cannot
handle then closed shop. I know of a few shopowners who would tell me
that the authorities this and that but as a business, they told me
they have to change a few times because customers tastes all koyak.
Now they are still able to make a decent living. So if they can do
it, why can't others ...... ?
AleXX
2005-03-09 07:50:07 UTC
Permalink
Post by rinpoche
I'm not talking about free and fair competition which is inevitable and
has always been around. Chicken rice is not a new business and
customers were quite mobile even in the past, so the good chicken rice
survived, the bad ones failed. That's very fair. I think the
competition we face from overseas is also not a big issue. I'm not sure
how long the budget airlines can last anyway.
The curent problems HDB retailers face is more than just competition.
I'm talking about over-regulation and the costs of various licences,
especially in the health industry. I've seen shopkeepers already trying
hard to salvage their businesses, but they are often stopped from
putting forward some creative ideas and advertising because of
government regulations.
If your "health" business is facing unsurmountable problems, then it's
time to sit down and think about switching business, there is really
no sense in hoping for lowered licensing fees in order to survive,
would cutting the license fee by 50% really help? if so, for how long?
such business approach is close to being dependant on others' charity
and favours.

The most common problem I have noticed amongst small retailers in
Spore is they replicate each other's inventory.....when one guy doing
well selling XYZ products, soon there will be 6 others who will try to
sell the same products.....all within walking distance of one
other....not many bothered to think or come up with something original
or at least to complement the existing successful retailers by selling
other related products.
Post by rinpoche
How can you say that it has nothing to do with
the authorities when the inspectors from licencing authorities make
regular "courtesy calls". Some are nice people, but some give
shopkeepers nightmares, to the extent of forcing you to redo your
renovations for some lame reason like people may mistake your shop for
something else.
Such "contingencies" have to be taken into account when running a
business. Rules & regulations work both ways....they act to protect
you as well as in some cases - unfortunately - act to curtail your
business, if rules are "bent" to suit those in the "health" business,
then those in the other bussinesses would expect the same treatment,
which would mean free for all, do whatever you want.
Post by rinpoche
Over and above the free and fair competition, there is also some pretty
unfair competition. There are organisations that can plonk themselves
in the heart of new and old estates, just next to MRT, LRT stations,
all in a concerted effort to direct all forms of traffic there, turning
HDB shophouses into ghost towns. It doesn't matter how good or original
your chicken rice is.
This happens everywhere not only in Spore, no way we can make
representation to stop NTUC, Seven-Eleven, Watson's from opening in
the better locations. When I visited London after several years'
absence, most of the neighbourhood stores I used to frequent as a
student were gone, in their places are the giant Tesco, and
Marks&Spencer.....guess that's what is called "progress"....big fish
eat small fish........some in the heritage conservation areas are
luckier, they got to keep their shop-houses <Chinatown, Holland
Village> and able to either rent the space out at exhorbitant rental
to Coffeebeans and Delifrance then shake legs no need to work, or they
continue with what they were doing and make decent living.
Post by rinpoche
Post by The Bishop
Ding well now does not mean it will be in the future. Because
someone
Post by The Bishop
ones to do the same to add to your competition and the customer base
remains the same or less because they can now go elsewhere. These
factors got nothing to do with the authorities. Customer just become
sien, when they become sien hiccups become problems, still cannot
handle then closed shop. I know of a few shopowners who would tell
me
Post by The Bishop
that the authorities this and that but as a business, they told me
they have to change a few times because customers tastes all koyak.
Now they are still able to make a decent living. So if they can do
it, why can't others ...... ?
news.new
2005-03-09 11:21:42 UTC
Permalink
Make it other way. When the business is good. Anyone willingly to pay more
license fee?
Post by AleXX
Post by rinpoche
I'm not talking about free and fair competition which is inevitable and
has always been around. Chicken rice is not a new business and
customers were quite mobile even in the past, so the good chicken rice
survived, the bad ones failed. That's very fair. I think the
competition we face from overseas is also not a big issue. I'm not sure
how long the budget airlines can last anyway.
The curent problems HDB retailers face is more than just competition.
I'm talking about over-regulation and the costs of various licences,
especially in the health industry. I've seen shopkeepers already trying
hard to salvage their businesses, but they are often stopped from
putting forward some creative ideas and advertising because of
government regulations.
If your "health" business is facing unsurmountable problems, then it's
time to sit down and think about switching business, there is really
no sense in hoping for lowered licensing fees in order to survive,
would cutting the license fee by 50% really help? if so, for how long?
such business approach is close to being dependant on others' charity
and favours.
The most common problem I have noticed amongst small retailers in
Spore is they replicate each other's inventory.....when one guy doing
well selling XYZ products, soon there will be 6 others who will try to
sell the same products.....all within walking distance of one
other....not many bothered to think or come up with something original
or at least to complement the existing successful retailers by selling
other related products.
Post by rinpoche
How can you say that it has nothing to do with
the authorities when the inspectors from licencing authorities make
regular "courtesy calls". Some are nice people, but some give
shopkeepers nightmares, to the extent of forcing you to redo your
renovations for some lame reason like people may mistake your shop for
something else.
Such "contingencies" have to be taken into account when running a
business. Rules & regulations work both ways....they act to protect
you as well as in some cases - unfortunately - act to curtail your
business, if rules are "bent" to suit those in the "health" business,
then those in the other bussinesses would expect the same treatment,
which would mean free for all, do whatever you want.
Post by rinpoche
Over and above the free and fair competition, there is also some pretty
unfair competition. There are organisations that can plonk themselves
in the heart of new and old estates, just next to MRT, LRT stations,
all in a concerted effort to direct all forms of traffic there, turning
HDB shophouses into ghost towns. It doesn't matter how good or original
your chicken rice is.
This happens everywhere not only in Spore, no way we can make
representation to stop NTUC, Seven-Eleven, Watson's from opening in
the better locations. When I visited London after several years'
absence, most of the neighbourhood stores I used to frequent as a
student were gone, in their places are the giant Tesco, and
Marks&Spencer.....guess that's what is called "progress"....big fish
eat small fish........some in the heritage conservation areas are
luckier, they got to keep their shop-houses <Chinatown, Holland
Village> and able to either rent the space out at exhorbitant rental
to Coffeebeans and Delifrance then shake legs no need to work, or they
continue with what they were doing and make decent living.
Post by rinpoche
Post by The Bishop
Ding well now does not mean it will be in the future. Because
someone
Post by The Bishop
ones to do the same to add to your competition and the customer base
remains the same or less because they can now go elsewhere. These
factors got nothing to do with the authorities. Customer just become
sien, when they become sien hiccups become problems, still cannot
handle then closed shop. I know of a few shopowners who would tell
me
Post by The Bishop
that the authorities this and that but as a business, they told me
they have to change a few times because customers tastes all koyak.
Now they are still able to make a decent living. So if they can do
it, why can't others ...... ?
truth
2005-03-09 13:14:58 UTC
Permalink
Small businesses in WA are thriving due to the state
government curb on trading hours of the major operators.

In Singapore the state owned companies not only have
a free run but unfair advantages against the small businessmen.
Unfair advantages like unlimited financing at cheap rate,
your scratch my back and I scratch yours, just to name two.

So don't come here to talk about fair and free competition
and open and free economy in Singapore.

Since the pap took power, the Singapore economy has
never been open or free. The seen and unseen hands of
the government are everywhere.
Competition is neither fair nor free in Singapore with the
government so deeply involved in business. They even get
into the roast duck and coffin business. It is so ridiculous.
NTUC is another major unfair competitor. In order to get
NTUC business, the supplier must either not sell to other
people or sell at a higher price. You call this fair and free ?
Post by AleXX
Post by rinpoche
I'm not talking about free and fair competition which is inevitable and
has always been around. Chicken rice is not a new business and
customers were quite mobile even in the past, so the good chicken rice
survived, the bad ones failed. That's very fair. I think the
competition we face from overseas is also not a big issue. I'm not sure
how long the budget airlines can last anyway.
The curent problems HDB retailers face is more than just competition.
I'm talking about over-regulation and the costs of various licences,
especially in the health industry. I've seen shopkeepers already trying
hard to salvage their businesses, but they are often stopped from
putting forward some creative ideas and advertising because of
government regulations.
If your "health" business is facing unsurmountable problems, then it's
time to sit down and think about switching business, there is really
no sense in hoping for lowered licensing fees in order to survive,
would cutting the license fee by 50% really help? if so, for how long?
such business approach is close to being dependant on others' charity
and favours.
The most common problem I have noticed amongst small retailers in
Spore is they replicate each other's inventory.....when one guy doing
well selling XYZ products, soon there will be 6 others who will try to
sell the same products.....all within walking distance of one
other....not many bothered to think or come up with something original
or at least to complement the existing successful retailers by selling
other related products.
Post by rinpoche
How can you say that it has nothing to do with
the authorities when the inspectors from licencing authorities make
regular "courtesy calls". Some are nice people, but some give
shopkeepers nightmares, to the extent of forcing you to redo your
renovations for some lame reason like people may mistake your shop for
something else.
Such "contingencies" have to be taken into account when running a
business. Rules & regulations work both ways....they act to protect
you as well as in some cases - unfortunately - act to curtail your
business, if rules are "bent" to suit those in the "health" business,
then those in the other bussinesses would expect the same treatment,
which would mean free for all, do whatever you want.
Post by rinpoche
Over and above the free and fair competition, there is also some pretty
unfair competition. There are organisations that can plonk themselves
in the heart of new and old estates, just next to MRT, LRT stations,
all in a concerted effort to direct all forms of traffic there, turning
HDB shophouses into ghost towns. It doesn't matter how good or original
your chicken rice is.
This happens everywhere not only in Spore, no way we can make
representation to stop NTUC, Seven-Eleven, Watson's from opening in
the better locations. When I visited London after several years'
absence, most of the neighbourhood stores I used to frequent as a
student were gone, in their places are the giant Tesco, and
Marks&Spencer.....guess that's what is called "progress"....big fish
eat small fish........some in the heritage conservation areas are
luckier, they got to keep their shop-houses <Chinatown, Holland
Village> and able to either rent the space out at exhorbitant rental
to Coffeebeans and Delifrance then shake legs no need to work, or they
continue with what they were doing and make decent living.
Post by rinpoche
Post by The Bishop
Ding well now does not mean it will be in the future. Because
someone
Post by The Bishop
ones to do the same to add to your competition and the customer base
remains the same or less because they can now go elsewhere. These
factors got nothing to do with the authorities. Customer just become
sien, when they become sien hiccups become problems, still cannot
handle then closed shop. I know of a few shopowners who would tell
me
Post by The Bishop
that the authorities this and that but as a business, they told me
they have to change a few times because customers tastes all koyak.
Now they are still able to make a decent living. So if they can do
it, why can't others ...... ?
AleXX
2005-03-08 11:45:30 UTC
Permalink
Post by lobert lo
If they cannot make themselves good businessmen, then close down and
look for a job. They cannot be employers then be employees !
Same case as those bubble tea shops fiasco.....bought franchise for
$35,000 ...cost per cup $0.20 sold for $2.20, put money take money....
that's all they could see........who cares about demand and supply?
one bubble tea woman even remarked: look at Coca-Cola, if they could
do it, why can't my bubble tea makes it too?

How does one start to explain economics mechanisms to such an
enthusiastic entrepeneur?
Post by lobert lo
Post by ardeedee
Part of being an entrepreneur i.e. shopkeepers are self employed is to be
able to cost your expenses and bidding at skyhigh unsupportable prices is
one of those costs to avoid.
There should be no help for such shopkeepers who deliberately bidded so high
and deprived others who wre more businesslike to lose out.
They reap what they sow - they can give up their shophouses for others who
will lower such costs for all Singaporeans.
These are the people who will laugh at Singaporeans for being stupid if they
had been successful in their shophouse biz and now that they are on the
wrong end they must face up to the consequences.
There must be no help for entrepreneurs - this is the way to make them
competitive.
Post by AleXX
Post by rinpoche
It's so easy to speak with hindsight, but what if you were a shopkeeper
and you found yourself in their shoes 10 years ago? Are you going to
reject HDB's offer and chase all the DBS loan officers (didn't even
need to call them) away? Would you have said that HDB had overpriced
the shops back then?
Price is always governed by the economic laws of demand and supply.
I recall during a meet the people session few years ago at Kreta Ayer
CC, some shop keepers complained to the then MP and Minister of
Finance Richard Hu on the mess along Eu Tong Sen Street due to the MRT
construction going on. They wanted the government to compensate them
for their loss of business.....Richard Hu cooly responded: if I agree
to compensate you, would you also agree to share your profits when the
MRT is running, and your shop houses increased in value?
No one took his offer........:=)
truth
2005-03-08 14:46:55 UTC
Permalink
You economic knowledge only go as far as
spending money.
Post by AleXX
Post by lobert lo
If they cannot make themselves good businessmen, then close down and
look for a job. They cannot be employers then be employees !
Same case as those bubble tea shops fiasco.....bought franchise for
$35,000 ...cost per cup $0.20 sold for $2.20, put money take money....
that's all they could see........who cares about demand and supply?
one bubble tea woman even remarked: look at Coca-Cola, if they could
do it, why can't my bubble tea makes it too?
How does one start to explain economics mechanisms to such an
enthusiastic entrepeneur?
Post by lobert lo
Post by ardeedee
Part of being an entrepreneur i.e. shopkeepers are self employed is to be
able to cost your expenses and bidding at skyhigh unsupportable prices is
one of those costs to avoid.
There should be no help for such shopkeepers who deliberately bidded so high
and deprived others who wre more businesslike to lose out.
They reap what they sow - they can give up their shophouses for others who
will lower such costs for all Singaporeans.
These are the people who will laugh at Singaporeans for being stupid if they
had been successful in their shophouse biz and now that they are on the
wrong end they must face up to the consequences.
There must be no help for entrepreneurs - this is the way to make them
competitive.
Post by AleXX
Post by rinpoche
It's so easy to speak with hindsight, but what if you were a shopkeeper
and you found yourself in their shoes 10 years ago? Are you going to
reject HDB's offer and chase all the DBS loan officers (didn't even
need to call them) away? Would you have said that HDB had overpriced
the shops back then?
Price is always governed by the economic laws of demand and supply.
I recall during a meet the people session few years ago at Kreta Ayer
CC, some shop keepers complained to the then MP and Minister of
Finance Richard Hu on the mess along Eu Tong Sen Street due to the MRT
construction going on. They wanted the government to compensate them
for their loss of business.....Richard Hu cooly responded: if I agree
to compensate you, would you also agree to share your profits when the
MRT is running, and your shop houses increased in value?
No one took his offer........:=)
ardeedee
2005-03-08 15:56:14 UTC
Permalink
They have to learn the hard way but there should be no bail out with public
funds.
Post by AleXX
Post by lobert lo
If they cannot make themselves good businessmen, then close down and
look for a job. They cannot be employers then be employees !
Same case as those bubble tea shops fiasco.....bought franchise for
$35,000 ...cost per cup $0.20 sold for $2.20, put money take money....
that's all they could see........who cares about demand and supply?
one bubble tea woman even remarked: look at Coca-Cola, if they could
do it, why can't my bubble tea makes it too?
How does one start to explain economics mechanisms to such an
enthusiastic entrepeneur?
Post by lobert lo
Post by ardeedee
Part of being an entrepreneur i.e. shopkeepers are self employed is to be
able to cost your expenses and bidding at skyhigh unsupportable prices is
one of those costs to avoid.
There should be no help for such shopkeepers who deliberately bidded so high
and deprived others who wre more businesslike to lose out.
They reap what they sow - they can give up their shophouses for others who
will lower such costs for all Singaporeans.
These are the people who will laugh at Singaporeans for being stupid if they
had been successful in their shophouse biz and now that they are on the
wrong end they must face up to the consequences.
There must be no help for entrepreneurs - this is the way to make them
competitive.
Post by AleXX
Post by rinpoche
It's so easy to speak with hindsight, but what if you were a shopkeeper
and you found yourself in their shoes 10 years ago? Are you going to
reject HDB's offer and chase all the DBS loan officers (didn't even
need to call them) away? Would you have said that HDB had overpriced
the shops back then?
Price is always governed by the economic laws of demand and supply.
I recall during a meet the people session few years ago at Kreta Ayer
CC, some shop keepers complained to the then MP and Minister of
Finance Richard Hu on the mess along Eu Tong Sen Street due to the MRT
construction going on. They wanted the government to compensate them
for their loss of business.....Richard Hu cooly responded: if I agree
to compensate you, would you also agree to share your profits when the
MRT is running, and your shop houses increased in value?
No one took his offer........:=)
lobert lo
2005-03-09 05:12:06 UTC
Permalink
Don't hallucinate, who is using public fund to bail out the bubble tea
shops?
Post by ardeedee
They have to learn the hard way but there should be no bail out with public
funds.
Post by AleXX
Post by lobert lo
If they cannot make themselves good businessmen, then close down and
look for a job. They cannot be employers then be employees !
Same case as those bubble tea shops fiasco.....bought franchise for
$35,000 ...cost per cup $0.20 sold for $2.20, put money take money....
that's all they could see........who cares about demand and supply?
one bubble tea woman even remarked: look at Coca-Cola, if they could
do it, why can't my bubble tea makes it too?
How does one start to explain economics mechanisms to such an
enthusiastic entrepeneur?
ardeedee
2005-03-09 09:05:52 UTC
Permalink
Coffeeshops?
Post by lobert lo
Don't hallucinate, who is using public fund to bail out the bubble tea
shops?
Post by ardeedee
They have to learn the hard way but there should be no bail out with public
funds.
Post by AleXX
Post by lobert lo
If they cannot make themselves good businessmen, then close down and
look for a job. They cannot be employers then be employees !
Same case as those bubble tea shops fiasco.....bought franchise for
$35,000 ...cost per cup $0.20 sold for $2.20, put money take money....
that's all they could see........who cares about demand and supply?
one bubble tea woman even remarked: look at Coca-Cola, if they could
do it, why can't my bubble tea makes it too?
How does one start to explain economics mechanisms to such an
enthusiastic entrepeneur?
lobert lo
2005-03-09 09:26:09 UTC
Permalink
kopi shops ?
Post by ardeedee
Coffeeshops?
Post by lobert lo
Don't hallucinate, who is using public fund to bail out the bubble tea
shops?
Post by ardeedee
They have to learn the hard way but there should be no bail out with
public
Post by lobert lo
Post by ardeedee
funds.
Post by AleXX
Post by lobert lo
If they cannot make themselves good businessmen, then close down and
look for a job. They cannot be employers then be employees !
Same case as those bubble tea shops fiasco.....bought franchise for
$35,000 ...cost per cup $0.20 sold for $2.20, put money take money....
that's all they could see........who cares about demand and supply?
one bubble tea woman even remarked: look at Coca-Cola, if they could
do it, why can't my bubble tea makes it too?
How does one start to explain economics mechanisms to such an
enthusiastic entrepeneur?
ardeedee
2005-03-09 09:29:29 UTC
Permalink
Kofi Anan?
Post by lobert lo
kopi shops ?
Post by ardeedee
Coffeeshops?
Post by lobert lo
Don't hallucinate, who is using public fund to bail out the bubble tea
shops?
Post by ardeedee
They have to learn the hard way but there should be no bail out with
public
Post by lobert lo
Post by ardeedee
funds.
Post by AleXX
Post by lobert lo
If they cannot make themselves good businessmen, then close down and
look for a job. They cannot be employers then be employees !
Same case as those bubble tea shops fiasco.....bought franchise for
$35,000 ...cost per cup $0.20 sold for $2.20, put money take money....
that's all they could see........who cares about demand and supply?
one bubble tea woman even remarked: look at Coca-Cola, if they could
do it, why can't my bubble tea makes it too?
How does one start to explain economics mechanisms to such an
enthusiastic entrepeneur?
Continue reading on narkive:
Loading...