Monday, December 17, 2012

Top 5 Priorities the Singapore Government Should Do

1. Ensure that the poor elderly who are scavenging for recycled cans and cupboard boxes are provided with a constant stream of money for the rest of their lives
  • Estimated Number of poor elderly scavengers: 10,000
  • Estimated Expenses per year: 10,000 * 5*360 = SGD 18.25 Million
  • Sacrifice to make: Reduce the compensation of 5 Board Members on Temasek Holdings Companies, thus saving SGD 18.25 Million

2. Restrict workers from the Philippines to only foreign domestic worker jobs i.e. Maids
  • Estimated Number of Pinoy workers holding white-collar jobs in Singapore: 50,000
  • Estimated removal of pollution to environment, social fabric, noise, in monetary terms caused by Pinoys per year: 50,000 * 150 * 365 =  SGD 2.74 Billion
3.  Make MRT trains come every 4 minutes at least at every time of the day, return trains to the no-breakdown stage seen around the year 2005, create more chairs in trains, and ensure that 80% of passengers can find a seat anytime
  •  Estimated number of trains to be added: 200
  • Cost per train: SGD 1 Million 
  • Estimated Cost: SGD 200 Million 
  • Estimated monetary benefit per Singaporean due to increases in productivity and efficiency per year: SGD 100 * 365 = SGD 36,5000
  • Estimated Total monetary benefit for Singaporeans per year = SGD 36,500 * 3.5 Million Citizens = SGD 1.28 Trillion
4. Revitalize Singaporean companies like NOL and SIA by finding the root cause of their inefficiency and examine if them being under Temasek holdings helps or hinders them
  • Estimated number of companies which were once strong brands but are now failing: 10 
  • Loss Per month per company : SGD 10 Million (SIA Posted Q4 loss of: SGD$ 38.2 million)
  • Total Loss that can be removed when companies return to profitability, per year: 10 * 10 Million * 12 = SGD 1.2 Trillion

5. Create structural programs that raise the wages of the average Singaporean worker by 20%
  • Current Average Salary: SGD 4,000 
  • Increase in Salary after structural changes to the economy: SGD 800

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