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Sunday, October 13, 2013

Our Next Fridge

We have a 5 year old 28" side-by-side which we detest, particularly for its meagre space.  This Samsung RS20NRHS was designed for fans of 2-door fridge who might not mind small internal space. It must have been inexperience which possess us to purchase this model, because it turns out to be a seriously crammed fella for our needs.  Not enough rooms for bulky items on either sides - the fridge side or the freezer side. As soon as we bought it, we can't wait for it to die so we can replace it.

Soon after we bought this, we saw the bigger Hitachi ones.  Good side-by-side fridges, however, comes at a much heftier price than the S$1,199 which we paid for the Samsung (5 years ago). Much to our relief, a Taiwanese expat donated her Panasonic one-door fridge. Though smaller in body, this simple Panasonic one-door has the same internal capacity as the bigger bodied Samsung yet has wider space for a big pizza box to slot in easily.  So if budget is a concern, a one-door fridge may be a better option.  The Panasonic has its freezer at the bottom, suitable for those who spend less time digging in freezers than the fridge. 

We liked our first side-by-side for its icemaker/water feature.  However, its filter occupies quite a lot of internal space and requires discipline in changing at proper scheduled time.  It was such an energy guzzler though, that when it was carted away, the power bill dropped significantly!  Its capacity was bigger than the Samsung but it was also dimensionally bigger, taking up too much kitchen space.

The plus of a side-by-side is that most comes with handles that allows one to loop a latch around it.  This is useful for those who really needs to keep stuff locked away from folks with dementia, or various other reasons.

The other plus is that on both the fridge and the freezer side, you have most of the regularly used stuff at eye level.

Note also that the door of a fridge or freezer holds a ton of stuff, many of which can be quite heavy, e.g. litres of your favourite drinks.  In a wider one-door fridge, the technical advice is to keep the heavier stuff towards the hinge area.  We found this out when the fridge becomes less cold at times.  The door had slide somewhat off the hinge requiring servicing to align the door back upwards.

Meanwhile, we are looking into a multi-door fridge, favoured by many Japanese families.

Hitachi
Mitsubishi
Panasonic

Saturday, October 12, 2013

CPF LIFE

55 is a milestone in your CPF agenda.  2 things occurs:

[1]  RETIREMENT ACCOUNT (RA) CREATED


This sets aside your CPF Minimum Sum.

RA is created by transfer from-
    •  Special Account (SA)
    •  Ordinary Account (OA)
    •  Medisave Minimum Sum excess balance
    •  In case savings are insufficient, property bought with CPF savings will be pledged.
   
Suggestion
There is a lot of confusion over:
    1) Medisave Minimum Sum (MMS), and
    2) Medisave Required Amount (MRA) 

Even the w.e.f. dates aren't streamlined:
    • Since 1 July 2013, the MMS is $40,500.
    • Since 1 January 2013, the MRA is $38,500.

It is better if these 2 confusing requirements be merged into one - in favour of the public of course.


The RA is then committed to CPF LIFE annuity scheme.
In case you outlive your CPF savings, an annuity provides lifelong income.
CPF LIFE's monthly payouts commence from 65 to as long as you live.

Choose from 2 CPF LIFE plans:
    • Standard Plan (the default if you do not choose)
       Higher monthly payout / Lesser bequest
    • Basic Plan
       Lower monthly payout / Higher bequest

Key Concerns

One is the low bequest amount even taking into account over-compensating for those who may live beyond 90. 

The other is that since CPF LIFE is a long-term savings, it should be inflation-indexed.  As long as it is not inflation-linked, there would always be a certain level of shakiness perceived to a product which to all intents and purpose was supposed to be credible in carrying out its objective.

The objective of the monthly pay-out is to sustain a reasonably basic living. This is at risk if the annuity doesn't grow enough to keep up with the incessant rise in the cost of living.

There is also no bonus add-on mechanism which would help offset sudden deflationary factors.


[2]  WITHDRAWAL


You can choose to withdraw the withdrawable portion of your CPF.

Or you can choose to let the funds enjoy the following interest, currently:
    OA interest rate = 2.5% per annum.
    1% extra for first $60,000 of combined balances (OA $20,000 cap)


You'd think it's your own money and withdrawal should be relatively free and easy.
But as with all red tapes in life, not so fast!

Up pops ambiguity in CPF's FAQ listed under the heading of:
(A)  When can I withdraw?
Reply Line (1)  
You can apply to withdraw your CPF savings two months before your 55th birthday or anytime thereafter.  After you have withdrawn your CPF savings at 55, you can make yearly withdrawals on or after your 56th birthday, 57th birthday and so on.
Reply Line (2)
If you are 55 and above, you can also apply to withdraw your CPF savings anytime if:
(i)  you have been unemployed; or
(ii) you are a self-employed,
      and have not been continuously working,
      nor receiving income in any business or trade,
      throughout the period of six months before the date of your CPF withdrawal application.
Reply Line (3)
If you have made a partial withdrawal of your CPF savings, you will be eligible to withdraw the remaining balances when you meet conditions (1) or (2) above.

We get a sense of what CPF Board is trying to say, but somehow it's all in bits and pieces, that don't seem to add together.  So a call to the hotline to clarify is due, and that's always a sign that the literatures aren't speaking plain English.

From the call to the CPF Hotline, it appears that what Reply Line (1) to (3) is trying to say is this:-

First, pay attention to the words 'First" and all subsequent withdrawal terminology.

It appears that you can make your first CPF upon-reaching-55 withdrawal, at anytime upon reaching 55 or any years after.  As long as this is the first time you activate this entitled withdrawal, the other conditions of having to be unemployed or having to be receiving no income for a set period of time will not apply.

It is only if you have activated this first withdrawal, that the eligibility restrictions set in.  If we understand correctly, CPF Board is not to be taken as a bank where folks go in freely to withdraw in portions.  Therefore the regiment.

If you do not withdrawal at 55, the minimum sum may be increased, so your withdrawal sum may be reduced.

However, further contributions into CPF after 55 would likewise increased the withdrawal sum if you have never withdrawn it since reaching 55.


Suggestion
We still don't like that after a first withdrawal is effected, we cannot withdraw any further balance in the OA funds in CPF, unless:

    (i)   unemployed, or
    (ii)  self-employed, with no continuous work nor income in any business or trade.

This actually discourages folks from working! 

There are multitude reasons why someone at, for example, age 56, 57 or 60 may be working yet need to withdraw subsequent amounts that remains in their CPF.

It would be good if this eligibility condition be made more owner-friendly, after all you're talking about folks who have already cross 55!

Tuesday, October 8, 2013

Socks, at last!

For Bigfoots in Singapore, it can be ridiculously difficult to find big socks, especially ankle-lengths. 

We recall running around Robinsons, Bata, John Little and other stores in vain for black or white ankle-length socks for size 13 shoes, finally settling for the pricey ones at Timberland, which often run out of stock. 

We even cause a change in a school's compulsory rule to wear school-issued socks which has the school name embroidered all around the rim.  The school vendor appointed to issue it simply couldn't cater to those who wears shoes of size 12 and upwards and many of the growing teenage students were struggling to put on 'free-size' socks which was in effect baby-size when placed next to a large foot. 

The stretch elasticity of many brands are also often not generous enough to accommodate bigger foot, resulting in holes, adding to the frustration.

It was therefore a big surprise to find what we wanted for so long right there on the street at the pasar malam near the HDB Hub, Toa Payoh.  Low ankle, high ankle - it's all right there in plain black or white.  Disbelieving, we bought only a set of 3 pairs at S$10, wore it, and then went back for more.  The thread count and stretch-ability is in top form.  Various material mix ranging from 100% cotton, 80% cotton 20% spandex, etc. are available!

For those in the mood for fancy, there's a wide array of colours and patterns.

Photo: kawata.com.sg
Photo: kawata.com.sg

Wisely, the saleslady pointed to the contact printed on every plastic bag, in case we run out of socks:

Kawata House of Socks
Retail Outlet:
•  Chinatown Point  #81-09
    Tel: (65) 6538 2009
•  People's Park Plaza  #02-1092/1094
    Tel: (65) 6532 1002
•  Office: 9002 Tampines Street 93  #03-46/50  Singapore 528836
    Tel: (65) 6786 4568  Fax: (65) 6787 4568
Online:
• www.kawata.com.sg

Tuesday, September 24, 2013

Small & Medium Enterprises (SME)


In the 2013 Singapore Budget speech by DPM Tharman Shanmugaratnam, we heard of Singapore's intent to push economic restructuring one notch up.  "If we do not achieve momentum in the next three years, there's a real risk that three years from now, we will be in exactly the same position," he said in Parliament.

One the several measures that Mr Tharman spelt out concerns help package for SMEs.  The noble aim of the help package, is not so much about the incentives, grants and subsidies earmarked for it, but about the creation of values and social responsibilities towards society, that will eventually transform Singapore by the end of this decade.

Frankly, after this Budget announcement, and the ones prior to 2013's which has other variation of incentives, those running SMEs like myself are still in a state of 'blur-ness'.  Totally blur, as in, being able to claim for grants for computer and related IT purchases, and exciting training programs, but not knowing which direction to go.  In my case, I've 2 years of Productivity and Innovation credits unclaimed, as it does appear such a hassle.  IRAS tax officers, as usual, try to help explain the brochures they put up, but I was still at sea. And IRAS of course would not help you to fill up the form, only guide you, but that's not very helpful as often, the interpretation of succinct terms can really set you off on a merry turnaround.  Certain claims e.g. for R&D would have to be justified in a report or proposal form. 

SMEs already have a lot to grabble with to ensure everything runs tip-top, so it would be something I'd rather hire someone to do. The company accountants don't specialise in Productivity and Innovation Credit (PIC) claims, so were of no  help.  It's only this year that I located an agency with experience on grants.

It is also only this year that I discovered that the SME Centres and Representatives from various Government Agencies host public briefing series to help address queries on issues faced by SMEs.  So if you are wondering which government assistance scheme to tap, there is consolidated help at hand now.  There is an opt-in for a one-to-one session as well.

The briefing I attended on September 24, packs the HDB Hub Auditorium.  The Q&A indicates that I wasn't the only one in the blur when it comes to government assistance schemes.  So a good number of SMEs are struggling on their own.  Probably thinking the Budget 2013 benefits are meant for bigger companies.  We may all be experts in our field, yet when it comes to grants, count me in for another session in November.  That's because in the first session, I don't even know what to ask, since despite the expert officers trying to capture the technicalities into easy-to-understand slides, there was still a lot of technical language that warps immediate comprehension.

The agenda is actually quite comprehensive and interesting.  The officers put in quite a lot of planning into it.  When you see someone put in so much effort, it's only natural to want to support it.

Hope the agenda would see future rounds:-

July 10 2013Public Briefing by: SME Centre@SMF (Singapore Manufacturing Federation)

■  SME Centre Engagement with SMEs

■  Navigating Government Assistance Schemes

■  Broadbased Government Schemes: PIC and ICv


August 03 2013Venue: Kampung Ubi Community Centre
Time: 1pm - 5.30pm

■  Broad Based Government Assistance Schemes
    by SME Centre@ASME

■  Special Employment Credit (SEC) and Workright
    by CPF Board

■  Productivity and Innovation Credit (PIC) & Wage Credit Scheme (WCS)
    by Inland Revenue Authority of Singapore (IRAS)


September 24 2013Public Briefing by: SME Centre@SICCI (Singapore Indian Chamber of Commerce and Industry)
Venue: HDB Hub, Toa Payoh
Time: 1pm - 5.00pm

■  Enterprise Training Support & Workpro
    by WDA

■  E-Commerce & IT for SMEs
    by SIRC@SIRS

■  Productivity and Innovation Credit (PIC)
    by Inland Revenue Authority of Singapore (IRAS)

■  Government Assistance for SMEs
    by SME Centre@SICCI

■  Panel Question and Answer
    by WDA | SIRC | IRAS | SME Centre

■  Pre-registered Advisory Session
    by SME Centre@SICCI


October 08 2013Public Briefing by: SME Centre@SICCI (Singapore Indian Chamber of Commerce and Industry)
(Mandarin)
Venue: SICCI Exhibition Room (Auditorium)
Time: 2pm - 5.00pm

■  Launch of SME Centre @ SCCCI

■  Introduction of SME Centre Services

■  An Introduction of Broad based Advisory Programme
    Sharing of Government Schemes (iSPRINT, PIC, ICV, ETS, MRA)

■  Rising to the Challenge
    by SME Sharing: Tocco Studio and Top Gourmet

■  Booth Display, Network and One-to-One Advisory
    by Government Agencies


October 21 2013Public Briefing by: SME Centre@SMCCI (Singapore Malay Chamber of Commerce and Industry)
(Some parts in Malay)
Venue: Kampong Ubi Community Club
Time: 2pm - 5.00pm

■  Broad-based Government Assistance Schemes
    by SME Centre@SMCCI

■  Presentation of Tax-based Schemes
    by IRAS
 
■  Question and Answer
    by All Speakers

■  Breakout Session and Light Refreshments
    by Government Agencies


November 12 2013Public Briefing by: SME Centre@SMF (Singapore Manufacturing Federation)
Venue: SMF House
Time: 2pm - 5.00pm

■  Productivity and Innovation Credit
    by IRAS

■  Innovation and Capability Voucher Scheme
    by SPRING Singapore
 
■  Enterprise Training Support Grant
    by SME Centre

■  SME Talent Programme
    by SMF

■  Question and Answer
    by Government Agencies and SME Centre


In 2005, ASME (Association of Small and Medium Enterprises) set up the EDC (Enterprise Development Centre) with the support of SPRING Singapore.  In order to better resonate with aspirations of SMEs, the EDCs have expanded to become known as SME Centres.

A segment of SMEs in Singapore are set up after a period of retrenchment or unemployment.  Another segment comes from the older age group who may find it tough to get a job that befits their experience and qualifications, and often have to made do with underemployment.  In fact, I met some ex-colleagues during the briefing who were in these situations.

One of the challenges faced by SMEs, in particularly new start-ups, remains the lack of coordinated advice.  As mentioned in my previous post, even with the help of my previous MNC mgt who allowed me to 'inherit' the project 'lock, stock and barrel', I was still running from pillar to post seeking help and advice during the process of setting up a Pte Ltd Company. Despite the retinue of secretaries and accountants that one can hire, there would always be essential information that company directors, especially, should take responsibility to be aware of.  There is a learning curve which actually never ends, bearing in mind that dynamic changes both regulatory and in the marketplace is a norm in business.

Since SMECentre@ASME is extending its reach to help SMEs and start-ups, this is a good time to contact one of their business advisors. 

Saturday, September 14, 2013

Two Things In Life You Need to Have Everything

This came from the email of Enoch Tan, author of a top selling ebook known as "Reality Creation Secrets - Law of Attraction".  (we re-write the original text into concise form below)..


Two Things in Life You Need to Have Everything

Life is simple.  

In returning to simplicity, there are only two things you need to focus on acquiring:-  Money and intelligence.

Money and intelligence are the two things that define who you are and what is immediately accessible to you.  The more you have of these two things, the more you can have the other things in between which are freedom and power.

Intelligence empowers you to make money, and money is power to buy you the choices and freedom in life.

Of the two, intelligence is the higher thing.

But money is important as well.  You need to be established on Earth in order to use it as a propelling board to create whatever is necessary to fully go after and acquire more intelligence in terms of knowledge and experience.

Having these two things is equivalent to having everything else.  These are the core and all things connect to the core.

Intelligence is the inner world, and money is the outer world.

Money consists of the actual possession as well as the how-to knowledge of attaining it.

The how-to is the inner world or intelligence aspect of money.

Combining the two worlds, you can obtain power and freedom.

Your primary focus should be on these two things.




Enoch Tan
https://www.facebook.com/mindreality









Wednesday, August 14, 2013

Swordsman

My TV kakis (buddies) scram whenever they see a non-English show that has no English subtitles. 

So when I flipped the StarHub Demand TV control to Swordsman, poof!  everyone left and right of me vanished.

I'm glad I sat through all 42 episodes albeit with fast forwarding mode on most times.

It's a drama series with a mix cast from Taiwan and China, that for some reason, comes with no English subtitles.  To those not versed in this language, the Mandarin can be quite cheem ("not easy to comprehend") in some parts. Luckily, despite my rusty Mandarin, I manage to catch the ball and the plot in this drama, so at least I haven't totally return the Mandarin teachings back to my school teachers.

Back to the drama.

Howie Huang

 Film location: Xiandu

Good chemistry between Joe Chen and Wallace Huo.
Ex-girlfriend/boyfriend in real life.
Joe Chen & Wallace Huo

No chemistry at all with Yuan Shan Shan.  Ouch!
Yuan Shan Shan & Wallace Huo

In life, sometimes there are tragic circumstances..
..compelling a girl to take on a male role..
 
 ..when she is actually feminine.

 Chen Xiao looks cool in both male and transgender roles..

Another Louis Cha's novel with enduring themes of love and self-discovery.

Brigitte Lin acted in the earlier film adaptation with Jet Li. 
All feminine, she excels in both male and female roles.



Sunday, August 4, 2013

No more Dell Computers for Us!

Dell's after-sales sucks.
Dell revamps their product line quite fast and has a good marketing strategy in terms of reach-outs and pricing. As a result, we ended up purchasing both gaming and commercial PCs.

Over time, however, we've come to realise from dealing with assorted issues and personnel, that Dell has a rather rigid set of after-sales policies, as compared to other brands.

These incidents are what caused us to stop buying from Dell:-

 

Dell: "No such thing as Lemons!"

For Dell Dimension, we had a unit that broke down from Day 1. Each repair did not resolve the issue (sounds familiar). When we wrote in to ask why Dell used refurbished parts in their endless repairs, as refurbished parts appear to contribute to the constant breakdowns, we were told that even Apple uses refurbished parts.

Someone from Dell's India call centre rang to scold us for using the term 'lemon' in reference to the CPU that seems to have perpetual power signal issue. Shortly after his claim that there is no such phenomenon in the world as a 'lemon' unit, Singapore came up with its 'Lemon Law' for consumers.

 

Dell Proprietary Parts

Dell CPU cannot be repaired by non-Dell technicians.

It was the reason we landed up in the clutch of the PCG**** boss, with yet another lemon unit from Sim Lim Square.

 

Dell Commercial Laptop

For the commercial laptop that we purchased, within the first week of purchase, the motherboard was down.  Contrary to their ad that customers will be given a new replacement, they insisted on sending a technician to repair instead.

The first Dell technician appears to get it right. However, in no time, it was down again. The second Dell technician screwed in 3 screws instead of 4, leaving the back ajar. The 4th screw simply couldn't go into the slot after the motherboard is changed. This caused another breakdown. His supervisor came down to rectify the issue.

 

Latest incident

For the XPS8300, we were made to trouble-shoot on our own by Dell's feedback personnel to the extent that goes beyond what a responsible company would expect of a customer.

We were repeatedly reminded that this was what is what is written into Dell's non-commerical desktop warranty.

Lengthy emails and calls were exchanged, ordering us, the customers, to follow very detailed steps including opening up the CPU in order to establish the root of the problem.  This translates to an inordinate loss of time.  The poor customers, not at all trained technicians, is forced to struggle through all the motions which should have been performed by a Dell technician.  Despite our pleadings, this Dell feedback personnal refused to despatch any technician until we could pin down the specific part that he has to order.  Is it the motherboard?  Is it the RAM? Is it the power cable?  The fan?  Is it the connection?  Over and over, he insisted that we do this, do that, try this, try that.

As layman, we could only describe the issues but that is insufficient to Dell.  We followed the endless runs of instructions and steps.  Since we have reached a stalemate despite months of troubleshooting over emails and phone, we were forced to hire own technician to help us locate what parts Dell should order.  Mind you, this was all under warranty, yet we've had to pay for our own technician. He suggested that it is the motherboard, but baulked at opening up the Dell CPU proprietary parts as it is something that should be left to the Dell technicians.  We were told many of his customers had also complained that Dell made them open up the CPU, something which can pose a safety risk to a layman.

Only after Dell realised that we were forced to pay for a technician to go through their lengthy list of instructions were they finally willing to send a technician down.  By then, 6 months had elapsed.  It took the Dell technician well over half an hour to locate the problem.  And he was able to do that only by bringing an assortment of parts to replace one by one, to finally isolate the issue to the hard disk.  Obviously, customers wouldn't be able to troubleshoot this on their own.  Immediately, we emailed that idiot of a feedback guy, chiding him for putting us through unnecessary hassles, and applying the terms of Dell warranty so strictly.  What a stingy warranty that is!  If we had known, we wouldn't have paid for the extended warranty.  Hell, we wouldn't even have purchased the Dell if we had been told beforehand.  They can have the best model in the world, but we are not so hard up.  There are so many alternatives on the market. He was unapologetic (no surprises), simply emailing that since the issue is now resolved (no thanks to him!), the case is closed!

No more Dell!

Lesson learnt!

 

Pay, or lose your Hard Drive

Dell requires customers to return their hard disk to Dell whenever a replacement is called for.  Dell needs it back in order to get a new drive from the supplier.  Likely, it discourages people from procuring another hard disk from the manufacturer by lying about drive condition.

We were told the dead drive is returned to the OEM for disposal but not much is known about the specifics of it.  If you cannot afford to take chances exposing passwords, credit card numbers, private/proprietary information, or if you have to protect client's confidentiality, or if you simply unwilling to return the dead drive, the options are:-

*  Use erasing softwares to delete data in the hard drive.
*  Likewise, there are powerful recovery software that might recover
    wiped files in part or full.
    So some take it apart, clobbering it with a hammer.
*  Pay for the replacement hard disk, even if it is still under warranty.
    A 1TB hard disk costs $100+, so mark this provision in, if your
    personal way of operation requires hard disk retention.
*  Purchase Dell's "Keep Your Hard Drive" coverage, if available.
*  Buy your computer only from brands/companies that allow you to
    retain the replaced hard drive.

Not Green
From the Dell Dimension experience, it's not worth repairing after our 3-year extended warranty is over. The refurbished parts they used had not last long. In any case, except for the Alienware laptop series, Dell do not offer further warranty extensions beyond 3 years.  This means that unless you know a technician who is familiar with Dell's proprietary designs inside the CPU, you'd have to be prepared to call it quits the next time the PC breaks down since most of the repair shops around town are not able to fix Dell CPUs.

We've managed to procure a technician who has the tools to access the parts, and we just might be able to get it done on our own with available new parts from the market.  Nevertheless, we now prefer brands which allows us to source for new parts and replace / upgrade on our own when the warranty is up.  PCs have a longer lifespan this way.  We like conservation, especially since every time a a PC has to be changed, it costs us well over a week's time to set up everything anew on another PC.

Dell has good monitors which we will continue to support.

But for PCs, Acer has our vote for being the most serviceable.

Acer too, has the inevitable call for servicing and repairs that comes with usage, but is overall,  a less fussy provider.  Whereas Dell kept throwing the rule book at us.  For Acer's extended warranty, so far, Harvey Norman has been providing good service.

Three customers who whipped out their wallets for the Acer Predator after learning of our plight with Dell remains happy troopers.  So far, one Acer has to have its DVD Drive replaced.  The initial troubleshooting from the customer's end was called for, but to a reasonable point, after which their technician came over.  If we had gone for Dell, we'd probably have to wait weeks or months just to settle what Acer took 2 days to resolve.


Update

5 weeks after repair works, Dell XPS8300 could not power on again. 

As before, the breakdown happened just as Dell closes off for the weekend.  Despite the fact that we have standby computers, this nevertheless caused disruptions to the work flow.

The technician came to change the parts, and advised that the PC be repaired at their place in future.  This doesn't guarantee anything, as experience with the Dell Dimension had already shown. 

We decided to just purchase a hard disk reader so that the next time this Dell goes down, we can pull out the hard disk, and plug it into the reader to be used via another CPU. 

Indeed strange that 3 out of 3 Dell that we have had to repair would fail shortly after.  We were advised by IT to treat each PC as having a lifespan of 3 years.  We factored that in. However, in all instances, faults started appearing while the Dell was new and the ineffective repair works using refurbished parts simply translates to one hell of an exhausting ride with Dell PCs.