ONE of the worrying trends in our education system is the increasing incidence of loan repayment defaults. As of last year, the National Higher Education Fund Corporation (PTPTN) defaulters owed RM39 billion in outstanding repayments. Borrowers who are mostly millennials are either reluctant or refuse downright to pay back even though they may be gainfully employed. This gloomy state of affairs set me thinking in terms of how times have changed. I could not help recall the early days (70s) when I had to repay the loan I took from the university. And I did it willing and on my own accord plus some motivation from my late parents I would like to dwell on two factors that I think contribute to the current state of affairs namely the Influence of parents and the mindset of the borrower. My dad withdrew his entire meagre EPF savings to pay for my 1st year education at the University of Malaya. Due to my good results in the 1st year, I was successful in getting a university loan for the next … [Read more...] about It’s your duty to settle loans
Success how i did it
BALUCHAR, BANGLADESH: When Mohd Yusof came up to speak to us out of the blue, my younger colleague Chiew Tong burst into hysterical laughter. “I’m so shook,” she declared her excitement in typical Millennial speak.By this time, we were halfway through our production trip in Bangladesh and had gotten used to curious locals approaching us with questions about where we were from and what we were doing. What set Yusof apart from them was the accent. We did not expect - at the end of a long day in a small riverside village 30km south of Dhaka - to suddenly get a dose of home from a man who looked typically Bangladeshi but spoke fluent Singlish, ah beng-style. “I've worked in Singapore for almost ten years mah,” he explained, drawing another guffaw from Chiew Tong. In retrospect, we should not have been surprised. Baluchar, with a population of 100,000, may be a rural backwater, but one in three adult males here work abroad. And … [Read more...] about How Singapore left its mark on a backwater village in Bangladesh
I used to have a best friend, she was my person, my rock, my soulmate. Ever losing her was the last thing I expected. We never once quarreled! Well, there were probably little tiffs over deciding where to eat, but nothing serious. People even mistook us as a lesbian couple, considering how close we were. I think we even inhaled and exhaled at the same time. But when she stopped replying to my messages, and ignoring my calls, I knew things would never be the same anymore. It all began when the parents didn’t approve of the job she desired. Their reasoning? Her dad once said, “Oh don’t be too idealistic! Nowadays, you should have the ability to do things! Be pragmatic!” He didn’t say it that harshly, but that is how I remember it. The last thing she said to me was, “I don’t even know who I am anymore, and my parents keep pressuring me! I don’t want them to disown me; I’ll just get to do what they want me to do! I am so sorry … [Read more...] about How psychology explains the reasoning behind unsolicited advice
It was 39 years ago when I first stepped into the Metropolitan Theater. I was a 19-year-old college student taking up B.S. Psychology Pre-Med and to spice up my humdrum student life, I decided to audition for a role in a joint musical production of Dulaang U.P. and the U.P. Concert Chorus. The musical play was entitled Ms. Philippines, a parody of the Filipinos’ fascination for beauty pageants and the trials contestants undergo to win the coveted crown. I did not sing or dance too well and was surprised I did not only pass the auditions but got three roles: a model, a judge, and a callgirl! They were not major roles but I was honored to be working with esteemed theater director, Tony Mabesa of Dulaang U.P.; Professor Rey Paguio of the U.P. Concert Chorus; Professor Isagani Cruz who wrote the libretto; choreographers Douglas Nierras and Rene Hofileña; and singers and actors Cris Vertido, Dodo Crisol, Nanette Inventor, Bing Pimentel, and U.P. Concert Chorus … [Read more...] about The surprising, inspiring story of how the Met was built
The beautiful, sun-kissed islands of our tourism paradise of the Philippines have the mixed blessings of abundant natural resources, fertile volcanic soil and also lots of natural disasters once in a while, such as earthquakes, volcanoes erupting, typhoons, and others. How can businesses — most especially the numerous micro, small and medium-scale enterprises (SMEs) — be prepared for any natural or manmade disasters? How can small enterprises and professionals survive calamities and accidents? The following is not based just on textbook research or interviews, but I personally suffered a destructive accidental fire in one of my businesses and it was caused by the fire from a next-door neighbor’s business (which had mysteriously been allowed to operate by the fire department without any fire extinguishers, while my staff had to use up to 13 units of 10-kilo and 20-kilo fire extinguishers). Here are suggestions for all of us: Review and be sure to update your … [Read more...] about How can small businesses & professionals prepare for disasters?