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Monday, December 30, 2013

The Bland Taste of Brand's Essence

Traditionally, around this time of the year, we would order Brand's Essence of Chicken as giveaways.  They have a fantastic range, with options to choose the essence with added ingredients like American Ginseng, Cordycep, Lycium, Tangkwei and Vitamin B Complex.  For corporate giveaways, we generally go for the basic one, taken by many to strengthen to body and help relieve fatique.
B=Brands Essence of Chicken

This year, however, the first batch of Brand's Essence of Chicken we received (Batch: November 2013) taste diluted, prompting us to halt further orders to clarify the issue with Brand's Customer Service.  They assure us that the extraction method and nutritional values remains the same, and in fact, there were feedback that some people might not like the taste of chicken and actually wanted a blander taste.

If this is the case, it may be better for Brand's to market this lesser-taste form under a sub-category, because our first impression was that the whole stuff was being diluted somehow, somewhere in the manufacturing process.  Whereas before, we were able to add warm water to the original version and still enjoy it, now it already tasted quite close to plain water straight out from the bottle.  Individual taste preference aside, when we wish for chicken soup or broth, we prefer it with the taste of chicken, as that is part of the appreciation process.  It is small consolation to be told that the chicken essence remains as nutritious as before.  While we appreciate its lower cholesterol values as compared to chicken broth which can be oilier even when skin is removed, we aren't ready for tasteless chicken soup when the word 'chicken soup' itself conjures anticipation of good taste with its aroma providing a sense of comfort.

For those who appreciated a brander form of Brand's Essence of Chicken, though, here is an extract from their website -

Quality Chickens from Temperature-Controlled, Contamination-Free FarmsAll BRAND’S® Essence of Chicken products are made with chickens supplied by leading poultry suppliers, reared in a pollution-free, temperature-controlled, and safely enclosed farm closely monitored by computers. Unlike traditional open chicken farms, these chickens are not exposed to other aviary animals, eliminating the risk of contamination.

Each chicken is inspected by a government veterinarian to ensure that it is healthy before it is processed in the GMP, ISO 9001 QMS, HACCP and Halal certified slaughterhouse. Chickens are then rigorously inspected by state-accredited veterinarians before a final check by a BRAND’S® quality assurance personnel to ensure the highest quality and hygiene before it is processed in BRAND’S® factory.

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Saturday, December 28, 2013

Finance Minister of the Year 2013

Tharman Shanmugaratnam, the Finance Minister and Deputy Prime Minister of Singapore is Euromoney's 2013 recipient for the Finance Minister of the Year award, to be conferred during a private presentation at the World Bank/International Monetary Fund annual meetings in Washington this week.

facebook.com/TharmanShanmugaratnam

Euromoney, the global banking and finance industry publication, based its decision on three factors:
•  Opinions of a committee of Euromoney’s senior editors, chaired by editor Clive Horwood
•  Views of the world’s leading bankers
•  Analysis of the contributors to Euromoney Country Risk (ECR)

As Finance Minister, Mr Tharman has a key role in Singapore's economic growth, which is transiting from a population-driven to productivity-driven model.

The award is given in commendation for various contributions:

•  Spearheading a push to find new sources of economic growth
•  Crafting policies to ensure competency and relevance amid economic competition
•  Maintaining an innovative trade and financial services hub to diversified export markets
•  Building social safety net to address discontent over strained infrastructure and rising costs
•  Serving as the region’s statesman on the international stage

This is the second time a Singapore Finance Minister is conferred the award.

The list of previous recipients are:

1981  Turgut Özal - Turkey
1982  Hon Sui Sen - Singapore
1983  Jesús Silva Herzog - Mexico
1984  Paul Keating - Australia
1985  Roger Douglas - New Zealand
1986  James Baker - United States of America
1987  Edouard Balladur - France
1988  Nigel Lawson - United Kingdom
1989  J.B. Sumarlin - Indonesia
1990  Philippe Maystadt - Belgium
1991  Carlos Solchaga - Spain
1992  Domingo Cavallo - Argentina
1993  Manmohan Singh - India
1994  Iiro Viinanen - Finland
1995  Roberto de Ocampo - Philippines
1996  Robert Rubin - United States of America
1997  Anatoly Chubais - Russia
1998  Leszek Balcerowicz - Poland
1999  José Angel Gurría - Mexico
2000  Brigita Schmögnerovà - Slovakia
2001  Shaukat Aziz - Pakistan
2002  Milen Veltchev - Bulgaria
2003  Ibrahim bin Abdulaziz Al-Assaf - Saudi Arabia
2004  Ivan Miklos - Slovakia
2005  Ngozi Okonjo-Iweala - Nigeria
2006  Sri Mulyani Indrawati - Indonesia
2007  Mlađan Dinkić - Serbia
2008  Xie Xuren - China
2009  Jim Flaherty - Canada
2010  Alexei Kudrin - Russia
2011  Wayne Swan - Australia
2012  Cesar Purisima - Philippines
2013  Tharman Shanmugaratnam - Singapore


In-depth interview with finance minister Shanmugaratnam:
www.euromoney.com/MoF.

Saturday, December 7, 2013

OCBC Frank Card

OCBC needs to increase manpower for their credit card processing.

The branch staff did a mistake on our form filling.  Then it took them so long to process a card, we miss out on the free luggage which we would have been entitled to if not for their delay.  All in all, they didn't care. 

Then the card didn't activate, though the SMS says it got through.  This resulted in a duplicate order, causing lots of inconvenience as we tried to take back money belonging to us.  It is 2 months now, and we have not gotten the money back.

The customer service staff, however, proved to be really helpful in trying to do what they can whenever mistakes crop up. 

It is the only card in town that allows you to choose from a variety of designs.

It offers 6% rebate for online shopping and 0.5% for other spending.  Minimum total spending, be it online or others, must amount to $500 before the 6% rebate is awarded.

Another improvement would be if they grant the "no-annual-fee" benefit to all OCBC Frank card holders, instead of only to those who apply at their branches.  Why penalize those who apply at their roadshows?

Complicated Bank Deposits - SCB

Everybody hates it when bank products gets too complicated.

Around the Christmas season of 2013, Standard Chartered Bank (SCB) Singapore put up tantalizing advertisements promoting a 1.88% per annum Bonus Saver Account deposit scheme that offers 4 SEA Aquarium Tickets at Sentosa.


We pop in to their roadshow at Plaza Singapura atrium. 

Naturally, we expect some attached terms and conditions e.g. fresh funds, minimum terms, and minimum amount.

What we didn't expect was a complicated explanation whereby Pru Save kept coming into the picture, followed by deductions from a compulsory dedit card that must be issued together with this deposit account (don't you just hate it when one things leads to another.. and another..).  What has Pru Save (Prudential insurance?) got to do with a 1.88% deposit scheme?  When someone goes for a bank deposit, they don't want any insurance scheme in it, hello? 

And the explanation of how a $500 minimum monthly spending deduction must be deducted from a specifically designated debit card baffles as much.  We already hold 3 other SCB credit cards, and really didn't want one more to complicate life, so why can't the minimum deduction come from our preferred SCB card?  After all, it all belongs to the same bank.

At first, the heavily mascara-ed pretty lady was pleasant.  But as we pestered for a more straightforward breakdown of steps in order to comprehend how the simple bank deposit links itself so intricately to Prudential and SCB debit deductions, her patience got stretched. 

Our tolerance got shorter as well when we simply couldn't grasp the concept even after she had sketched the figures and systematic deductions onto paper (which she wouldn't let us keep).  No matter which way she try to present it, it was simply too convoluted. 

All we wanted was to deposit cash, and earn interest. 

Instead we wasted one hour being goreng-ed left and right.

We have the interest in the product but either by poor design or poor explanation, we gave up.