Friday, 30 August 2019

Singapore ranked second-safest city in the world: EIU index

Cities are ranked according to their performance in 57 indicators across four pillars — digital, infrastructure, health and personal security.

The EIU index, sponsored by NEC this year, was revised to better capture "urban resilience" — defined as the ability of cities to absorb and bounce back from shocks — as the concept has had an increasing influence on thinking in urban safety over the last decade, especially as policymakers worry about the implications of climate change.

  1. Tokyo
  2. Singapore
  3. Osaka
  4. Amsterdam
  5. Sydney
  6. Toronto
  7. Washington, DC
  8. Copenhagen
  9. Seoul
  10. Melbourne

Read more @

Forum: Confusion over what reserves are and why they're needed

The same concerns regarding the massive reserves accumulated by tertiary institutions, megachurches and, by implication, other organisations that receive funds from the public can be applied to the country's ample national reserves (Varsities, religious groups raising the most donations, July 14).

There appears to be a misunderstanding that accumulated reserves equate to cash in hand and are readily available to more than amply meet the charitable and social objectives of the said entities.

In fact, reserves include assets and liabilities, of both long-term and short-term characteristics, and share capital.

Long-term assets very often include huge amounts locked up in buildings, infrastructure, equipment and other fixed assets that are not readily convertible to cash and often are available only upon liquidation of the organisations.

Clearer indicators of whether an entity is overaccumulating reserves would be the levels and the rate of growth in cash balances and other liquid investments like fixed deposits, bonds and equities. This has to be counterbalanced by not ignoring short-term liabilities.

Like any corporate body, non-profit entities need to maintain a healthy level of reserves in order to provide working capital to sustain their existence, to assure beneficiaries who may not be able to withstand a sudden cessation of aid and to meet the long-term plans for growing the entity.

Typically, entities with several years of track record and proper financial management capabilities should be able to arrive at an adequate reserves level on, say, a three-to 10-year perspective.

Given the persistent public outcry, all entities receiving public monies should pay attention to their level of reserves.

Perhaps, they should also take their cue from the 2016 Netflix series Billions, which had an episode ironically entitled "Accumulation with no end in sight is gluttony", one of the seven deadly sins.

Loh Kin Poh


My photo - sightseeing in a side car attached to scooter @ Kampong Glam

A public domain photo by me

What is Alzheimer's?

Loss of short-term memory
Behavioral changes
Mood swings
Difficulties dealing with money or making a phone call

Severe memory loss, forgetting close family members, familiar objects or places
Becoming anxious and frustrated over inability to make sense of the world, leading to aggressive behavior
Eventually lose ability to walk
May have problems eating
The majority will eventually need 24-hour care  

Source: Alzheimer's Association