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Archive for the ‘Tan Kin Lian’ Category

Reducing commuting time – national effort needed

Posted by theonlinecitizen on May 14, 2008

Tan Kin Lian

Like most big cities, Singapore is getting over-crowded. It is easy to build highrise apartments and offices for a bigger population but the challenge is in transporting these people between their homes and workplaces and back.

A denser population has led to congested roads, crowded trains and buses and long commuting time. Road traffic is a major contributor to the high energy consumption and increase in oil prices in recent years.

We have to find ways to reduce the need for commuting. People should be encouraged to find work near their homes or to move their homes closer to their places of work. Students should be encouraged to study in a school near their homes too.

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Posted in Current Affairs, Tan Kin Lian | 11 Comments »

The truth about life insurance

Posted by theonlinecitizen on May 7, 2008

Tan Kin Lian

Many people buy life insurance to provide financial security to their family. If premature death occurs, the policy provides a cash sum to take care of the future financial needs of the family.

Insurance agents are drilled into thinking that they play a “noble” role in safeguarding the future of many families. This is half the truth.

Here is the other half: Many families are being grossly overcharged for the modest financial protection offered by the life insurance policy. After deducting the high expenses, their net savings do not earn a sufficient yield for them to live on during their retirement.

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Posted in Current Affairs, Tan Kin Lian | 122 Comments »

High cost of living – what the government can do

Posted by theonlinecitizen on April 30, 2008

TOC is happy to welcome Mr Tan Kin Lian on board as the latest addition to our writing team. He is the former chief executive of NTUC Income, an insurance cooperative in Singapore.

Lessons from the general election in Malaysia

Tan Kin Lian

The Malaysian general election held in March 2008 produced results that surprised not only the politicians but ordinary voters as well. A Malaysian friend told me that the ordinary people wanted to send a message to the ruling Barisan National, which had governed the country for over 50 years, about their unhappiness with the current situation. They did not expect to see a change in five state governments to the Pakatan Rakyat.

One key issue that contributed to this unexpected election results appears to be the high cost of living. It is not sufficient for the Government to explain that the higher prices are due to external factors. The people expect the Government to find effective ways to deal with this problem. This is what they elected the Government to do.

This election result has lessons for Singapore. What can the Government do about the high cost of living in Singapore?

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Posted in Current Affairs, Tan Kin Lian | 105 Comments »