Il court, il court

Il est passé par ici, il repassera par là

Country of Origin vs medical benefits? via Mr Wang Says So March 6, 2011

Filed under: Life In Singapore — ilcourtilcourt @ 09:37

I am not so sure “European” is the qualifying factor; I guess there will be many answers in the comments

I’m working for a European bank which will pretty much pay for 100% of my outpatient medical expenses, and those of my wife and children. It doesn’t matter whether I see a general practitioner or a specialist. I am also free to choose any clinic I like (in other words, I don’t have to go to a pre-approved list of panel doctors).

My employer will also cover the medical expenses of an employee’s partner, regardless of whether they are married or not. As a matter of fact, my employer will cover the medical expenses of the employee’s gay partner. Also, if I remember correctly, my employer will cover the medical expenses of your illegitimate children (but I think that there are some rules on the maximum number of illegitimate children permissible).

via Mr Wang Says So: Notes from a H1N1 Survivor.


Krugman was wrong! February 24, 2011

Filed under: Life In Singapore — ilcourtilcourt @ 14:38

Well, not really, but it only highlights that Singapore groth is mostly achieved with close to zero productivty gains, mainty growth in population (and size incidently).

The paper written 1994 failed to foresee that the PAP will resort to brute force expansion of the workforce and population to keep the economy growing. Never in the Nobel Prize winner’s mind could he imagine that a country would import foreigners in large numbers to maintain high economic growth.

via Diary of A Singaporean Mind: Singapore population crosses 5M….Part 2..


StraitsTimes: Oh My God! only 2x more applicants for flats to be built in the next 5 years!!! February 7, 2011

Filed under: Life In Singapore — ilcourtilcourt @ 20:41

What is The Singapore Pravda trying to tell us? that the PAP should stop building new flats? that the cooling measures are working?

The fact remains that the PAP has not built enough HDB (10x less than population increase) in order to prevent a collapse of the local banks (up till their eyes in bad loans)

Of course if you had to choose for a flat that you know is only be available in 5 years you would be careful

However the two projects at Yishun, featuring 1,548 flats ranging from 2-room to 5-room units, got 1.8 times as many applicants as there were flats on offer. The 2-room units were the only ones that were undersubscribed, with just 132 applicants for the 192 units available.

via Slow take-up for Build-To-Order flats at Yishun.


Values? what values?

Filed under: Life In Singapore — ilcourtilcourt @ 20:25

At the core of their belief system is the idea that the PAP is the fittest bunch of people in Singapore to rule. Chiefly they see themselves as the best and brightest, with a solid determination to stay incorruptible, at least in legalistic, cash terms. Corruptibility in terms of power warping one’s sense of entitlement to other privileges, e.g. higher official salaries and immunity from media and public scrutiny, is not considered corruption.

via Values for power « Yawning Bread on WordPress.


New ideas for leave management for our dear HR January 25, 2011

Filed under: Life In Singapore — ilcourtilcourt @ 22:19

Doesn’t mandatory leave and shutdown feel better?

anyone who fails to turn up for work at the casino during this time — regardless of whether they have a valid sick leave (MC) — will receive two demerit points.

via Fit to Post – Yahoo! Singapore’s blog » Blog Archive Do not take sick leave or else… «.


UBS – Prices and Earnings 2010: check your city January 6, 2011

Filed under: Life In Singapore — ilcourtilcourt @ 07:35

Prices and Earnings 2010 update

via UBS – Prices and Earnings.


How many can afford the rent? December 14, 2010

Filed under: Life In Singapore — ilcourtilcourt @ 12:01

A post from before the crising on why  Singapore psf was too high vs. the number of people who could afford the rent.

A reminder that the Singapore market is not a rental market, but a speculative market: as long as you find someone to buy your hot potato, you’re in luck (one unknown is always whether the PAP will keep potatoes rare and exclusive like deBeers does with its pressured coal).

charging $4,000 per mth for rental, it’s a once in a lifetime chance, it won’t last

via Eight percent per annum: Value investing in Singapore stocks: The Singapore Property Market: Personal Take II.