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- Dec 30, 2010
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Readers will know that I recently commented (here and here) on Jos Teo’s tots as articulated to ST: comments that have annoyed netizens no end. Juz read the comments posted by TRE readers grumbling that she gets so many things so wrong. “We cannot have the attitude that everything will be perfect from Day One. If we go in with that attitude, it can only mean that we have to build in a lot of redundancy, in particular came in for a lot of flak.
Well getting things wrong also seems to apply to her hubbie’s organisation (According to ST,”Her husband, Mr Teo Eng Cheong, is chief executive officer of IE Singapore …”)
IE S’pore has goofed big time. according to a BT report dated 18 January 2014:
ERRORS in trade data collection meant that International Enterprise (IE) Singapore wrongly reported two months of exports data, with possible implications for fourth-quarter GDP estimates.
October 2013′s non-oil domestic exports (NODX) was said to have grown 2.8 per cent, when in fact it had shrunk 2.7 per cent. Data for September was also overstated – NODX was initially said to have shrunk 1.2 per cent when the actual contraction was a larger 2 per cent – due to the “multiple counting of some trade permits”.
A couple of errors ought not to affect credibility, said Barclays’ Ms Chew. “Especially if the errors are due to technological problems rather than data collection issues, or people gaming the system – for example Chinese exporters reporting fake trade.”
But IE S’pore should not be complacent: Barclay’s Ms Chew does have other issues to raise about Singapore’s data though. “First, the timeliness. We are one of the last to report CPI (consumer price index) in the region, and I don’t understand why. Also, IE Singapore does not release a lot of the export data they collect.”
Jos and hubby should be hoping that the recent bad publicity is part of the karma of the year of the Goat, not the karma for 2014. If the latter, expect more to hear more bad publicity from Jos and IE S’pore?
- http://atans1.wordpress.com/2014/01/21/ie-spore-jos-point-about-perfection/
Well getting things wrong also seems to apply to her hubbie’s organisation (According to ST,”Her husband, Mr Teo Eng Cheong, is chief executive officer of IE Singapore …”)
IE S’pore has goofed big time. according to a BT report dated 18 January 2014:
ERRORS in trade data collection meant that International Enterprise (IE) Singapore wrongly reported two months of exports data, with possible implications for fourth-quarter GDP estimates.
October 2013′s non-oil domestic exports (NODX) was said to have grown 2.8 per cent, when in fact it had shrunk 2.7 per cent. Data for September was also overstated – NODX was initially said to have shrunk 1.2 per cent when the actual contraction was a larger 2 per cent – due to the “multiple counting of some trade permits”.
A couple of errors ought not to affect credibility, said Barclays’ Ms Chew. “Especially if the errors are due to technological problems rather than data collection issues, or people gaming the system – for example Chinese exporters reporting fake trade.”
But IE S’pore should not be complacent: Barclay’s Ms Chew does have other issues to raise about Singapore’s data though. “First, the timeliness. We are one of the last to report CPI (consumer price index) in the region, and I don’t understand why. Also, IE Singapore does not release a lot of the export data they collect.”
Jos and hubby should be hoping that the recent bad publicity is part of the karma of the year of the Goat, not the karma for 2014. If the latter, expect more to hear more bad publicity from Jos and IE S’pore?
- http://atans1.wordpress.com/2014/01/21/ie-spore-jos-point-about-perfection/
