Re: Association of Small and Medium Enterprises hits out at Workers' Party population
I am surprised that as a businessman, you do not pressurize the government to control so many areas of cost to business e.g. Property rentals, transportation etc. In fact, the cost of living is a key factor determining the wage expectation of locals.
I fully agree with you brother.
Control the rise in rentals and other costs such as transportation (COEs, ERPs, petrol tax, etc) and other indirect taxes (GST, workers' levy, fees for application and approval of WP, SP, EP) and you cut off three quarters the rise in business costs. Amongst these, rentals from GLCs and statutory bodies, is the single biggest killer of business efficiency & productivity. High rental costs in Sinagpore are also the single most important factor that drive inflation, higher business and living costs.
However, mandarins have all these while been drunk upon the intoxicating, ever flowing cash cows of higher and higher rentals, COEs, ERPs, etc, so much so that now they cannot do without them. Without these tools, at stake will be their fulfilling their very important KPI of revenue generation and their year end six months (or more) bonuses.
I do not have the proper figues, but if somehow these fat cats sitting up there enjoying their high rental incomes can be controlled and curbed, you will see how much efficiency, productivity and happiness amongst the populace will rise in Singapore.
Majullah Singapore!!!