Hectic Month =(

Singapore
December 3, 2008 9:40pm CST
You better not shout, you better not cry, you better not be bad, I'm telling you why. MAS is coming to town.. Haha, MAS is here to our company for investigation purpose. The long awaited wait is finally here, and it was the Minibond issue that triggered the visit. Well, all my files and documents were pulled over to HQ to show to MAS for them to better understand our company's procedures and processes. Hopefully, there would be no issues over there. They would be here for 2 days - today and tomorrow. And I am hoping that they would hop over to my department for a visit. Hehe, it had been a long time since I was wondering how the in charge of MAS looks like, and it's my chance to find out for myself these past two days. Yipee!! Super tired today. It's of no doubt that I would be. And it's through my choice of sleeping at 3am last night that cause my tiredness, and I have no reason to complain about it. Everybody has the freedom to choose, and I have chose me. So, live with the consequence of my own decisions, and stop whining.
4 people like this
5 responses
@ahgong (10066)
• Singapore
4 Dec 08
Hmm... usually when some one is coming down to do an audit, everyone in the office would be having ants in their pants! You are the first one I ever come across that welcomes it with open arms. Different work environment I guess. Definitely different work environment!
• Singapore
5 Dec 08
It's not so much about a different work environment. Lol. I guess it's more of how one think and how one work. Hmm.. if one were to do their tasks dilligently and conduct their way of business with intergrity, there would be nothing to fail when an audit really comes. Unless, the work is not done nicely daily, and when a surprise audit comes, then people will start to panic. That is what I believe in. But, then of course, not everyone will agree with my way of thinking right? =D
3 people like this
@ahgong (10066)
• Singapore
11 Dec 08
Well, I guess not everyone share your sentiments. Each time after an audit, whether you are conscientious or not, there is always something lacking in the workflow. And this ultimately affects your performance. Depending on how understanding is your boss when he grades you after the audits. And without fail, there is always new paperwork, in addition to our already heavy workload, to be implemented to make the current work process more... erm... transparent! And most of the time, by the time we are done filling all the necessary paperwork and redtape, half of the assigned man hours for the project is gone! That is why I do not particularly like auditors! In their need to perform in their job (reporting deficiencies), they invariably make mine more... erm... complicated.
• Singapore
12 Dec 08
Erm, that might or might not be right because I am the one conducting the audit, and majority of the times, i am quite lenient. Hehe Because I believe in second chances, and so, it's only the second round of audits that I would come down harshly on a person, but usually during the first round, it is more of a friendly session. *sheepish* But, where MAS audit is concerned, of course it is no longer the friendly session any longer. And I have no doubts in my mind that majority of the people will be afraid of failing the standards that even the most perfectionist in the world could never attain. Well, I believe that as long as a person do things with a clear conscience, there would be no need for nervousness or even panic to set in. That's my stand, but of course I would not impose my opinions on others as I do understand that different people will surely have different opinions in life. Haha, how transparent is transparent? No matter how transparent a company might appear to be to the outside public, there is always a shade of grey whereby its translucent, telling only the half-truths. Lol remember the ren ci and NKF sagas? Well, in today's world, one can never trust a second person, not even the person closest to one. Sad world we are living in ain't we? Lol dear friend, complicity is the beauty of living life. Without complicity in life, then how would we enjoy the simplicity of life? Take care!
2 people like this
@kun2349 (23475)
• Singapore
4 Dec 08
LOL =D it seems that u are happy with MAS coming down finally huh.. hehe ^_^ It also means that the whole work load is lightened and that if there's no problem with it, your work load will be all settled and be back to normal isit?? lol Anyway, with this saga, it's expected to be busy.. It just happens that u are in the wrong industry at the wrong time, and thus, u cant complain too.. hehe ^_^ But whatever it is, all things will end soon, and this wont continue for long.. It has to end one day, by then, u might even be out of the company with your bonus, and getting all your well deserved rest for the past few yrs.. lol =D Just 3 more weeks to go, hang in there ^_^ hehe
• Singapore
5 Dec 08
Yeah~ I am happy I hate it when everybody starts to worry about things that have not happen yet. And that was what was happening in my company for the past 2 months, what with everybody worrying about MAS coming down. It makes the entire work environment to become a stressful environment to be in. So, when MAS finally announce their decision (giving us only 24 hours notice), I am happy as everybody can finally breathe a sigh of relief when it's all over and done with. Now that everybody is not panicking, I am more free and my boss has also let up on us, which is a good thing. Hehe that is why you could see me on Mylot yesterday and today. Lol, if not, everybody is on a tight bend and one would never know when this band will finally snap. I doubt that I am in the wrong industry at the wrong time. In fact, I think that I am in the right industry at the right time. Like my boss says, this is something, a crisis that would only happen once in a lifetime. So, I could be said as I am very lucky to experience it first hand. There is so much things that I have learnt and so much things that I had seen, all in a short span of 2-3 months, which is something that many others take up to 10 years to experience. Good or bad? It depends on one's mentality. Bad news just heard. There might not be bonus for this year Well, I will see how things go, but whatever it is, I know I will not stay as an employee long as I was a self-employed person for the past 6 years. Hehe.
2 people like this
@kun2349 (23475)
• Singapore
5 Dec 08
hehe.. U are right.. This might be the right time to be in this industry.. BEcause it's an experience which not everybody can face, or even able to handle it.. So if u are able to battle thru it unscattered, maybe it will be good enough in your resume for your next job.. haha ^_^ How about asking your boss to let all the staffs have a half off day since all of u had been working so hard for the past few months.. hehe ^_^ pLus, christmas is coming soon, or ask him to organise a chrismtas party instead.. lol =D I think that will be good and relief the stress off all of u.. haha Yeah, there are no bonus for this yr, but it's good enough that one is not retrenched ^_^ At least, u still have your salary at this very moment.. hehe ^_^ But now without the bonus, are u still gonna resign from there?? hehe Self employed is always good, provided u have the money to see u thru it ^_^ And government always supports those self employed ple.. haha =D So i'm sure u can do it ^_^
• Singapore
9 Dec 08
Hehe, it WILL be good for the resume, definately! Because, this is not something that we see often, and it's really a once in a lifetime issue on hand. From what I could remember, the financial crash that could even come close to the current situation is the Asian market crash back in 1997, and even that, was not as bad as present. Lol. =) So, am I lucky or am I unlucky? It all depends on one's perspective. My boss is a stingy boss who counts every penny spent. Can you believe that I had not been paid any OT pay for the past 2 months of OT that I had worked!? And even the OT pay is a measley $5 per hour, with 6pm-7pm not included in. Furthermore to that, our department had just been informed by our department head that we might not get our bonuses for this year as the economy's is doing very badly. Tsk tsk I highly doubt that he would let us have a half day off just for the sake of doing so. Lol, and that is also the reason why i am resigning soon. However, there would be the year end Dinner & Dance coming soon just before Christmas, but of course that party is not for us. We are the host for the party and we are expected to work through that party without any Overtime pay. The party was organised for all the FA representatives and the agents for their hard work and sales throughout the year. I could understand the boss'es metality though. Afterall the agents are the ones who brings in the revenue for the company, but the staff is contributing to the overheads of the company. This by itself is a great lesson to learn when I should have my own company in the future. Without my bonus, I am definately going to resign from there. Our company is a small company. Even in my department, there is only 2 employee, how can they ever retrench people? They are understaffed at this very moment, and the company needs us. Besides, our salary is $1200 and we are not entitled to any OT pay. What more, if our bonus is cut, I doubt anybody will stay, cause even a job at the fast food restaurant would be higher than this. Do you honestly think that I should carry on here? Lol, i can see that self-employed is good.. Lol, if not, why would you be self-employed holding no job? I must learn from kun-kor sometimes! Well, take care!!
2 people like this
@riyasam (16578)
• India
4 Dec 08
this MAS sounds exactly like my mom.we had a inspection at the hospital and we had to wear starched white and stiff coats,the floors and tiles were scrubbed clean.thankfully they did not ask me much questions and they had to go within a day!phew!(sigh of releif)
• Singapore
5 Dec 08
Lol, MAS is actually a short form of Monetary Authority of Singapore. They are the government body that comes up with the rules and regulations for the financial scene over in Singapore. In fact, all financial institutes and banks will be regulated by them. So, as long as we are working in a financial firm, we can be sure that they would come by once in a while to ensure that we are complying to the rules and regulations of Singapore. Do they? Lol, your mum sounds scary!! But, I am very sure that you love her right, even though she is scary!? Hehe That sounds stressful. Hehe.. so, I am sure you passed the inspection with flying colours? Where are you from anyway?? It's such a relief that the authorities did not ask much questions! I would definately be trembling in my shoes if that were to happen to me!! Thanks for your response, my friend! Take care and happy mylottinG!!
3 people like this
@riyasam (16578)
• India
5 Dec 08
she was a bit strict during my growing years but now she is my best friend.i am from india,mumbai.good to know you.
• Singapore
9 Dec 08
It's often ironic how children and their parents are like enemies during their growing up years, but turn out to be friends once the difficult stage has passed! I'm glad that you had made a friend out of your mum. Nice to meet you too! Take care and happy mylotting!!
2 people like this
@sivanj (1263)
• India
4 Dec 08
i can understand that you are very tired after work. hope things settle down very soon and you have have time to take long breathe. Hope everything goes on well during MAS visit. i really like the words "Everybody has the freedom to choose, and I have chose me. So, live with the consequence of my own decisions, and stop whining.". i admire that.
• Singapore
5 Dec 08
Hehe.. that's the motto that I have in life, and try to stick by it. I mean, I get irritated when people tend to whine at the consequences of their own actions. But, they fail to stop and think about why they were in that situation or suffer that sort of end results in the very first place. Majority of the 'bad' things in life happened to us because of the choices we choose to make in life. So live with it, right? Thanks. I am glad that you like it Be sure to quote me if you are using that phrase, okay? Hehe (just kidding!) Yeah~ I believe that it's not only me, but rather, many other people. Everybody is tired after a long hard day at work. And this is the thing that all of us do, stuck in the rat race. Everybody fails to understnad that as long as we keeps doing the same old stuff day in and out, we are bound to be stuck in the same situation for the rest of our lives. The only way to change that is to do something different and dare to take that first step outwards. "Dare to be different, and one would succeed in life". Well, thanks for your comments! Take care and happy mylotting!!
3 people like this
@sivanj (1263)
• India
5 Dec 08
well i like the way you think. and i have become a fan of that quote. it will be a footer in all my emails hereafter (with ur permission).
• Singapore
9 Dec 08
Sure, you have the permission to use it. Hehe, and I am honoured that some one would love the idea of using my quotes in their daily correspondence! Thanks!
2 people like this
• India
7 Dec 08
Hi dear.... you really ought to go to bed on time! LOL! What exactly is MAS? Some inspection team? It must be over now, right? As usual, I am late in responding. :) Cheers and happy mylotting
• Singapore
9 Dec 08
No worries! Hehe, these past 3 months, I had also been super late in my replies, sometimes it takes me up to 1 month before responding to my friend's discussion. Nevertheless, thank you for your response, my friend!! Well, MAS is short form for Monetary Authority of Singapore. They are the governing board for the rules and regulations of the financial industry in Singapore. They kind of overlook all aspects of the financial scene in Singapore, and of course anything to do with the financial market will have to comply with them as well. This includes tax, stock market, credit cards, banks and so on and forth. =) Nobody will ever mistake them for an inspiration team. Lol. Rather, they kind of instil fear in all Singaporeans as they have the right to persecute anyone under Singapore's law should they think that we are evading tax, or if we have a bad credit records. These can be translated to either a fine or a jail term. Think that they are inspirational? Hehe. Yes, it's kind of over already. They were supposed to be here for two days - Thursday and Friday to investigate our company with regards to the credit crunch issue. But funnily, they were only here on Thursday for around 2-4 hours, and they were gone. But, it just meant more work for us as all statements that were done were all rejected by MAS, and we have to reinvestigate all the people who were involved with these. Sigh~ Well, take care my friend too and happy mylotting! Cheers!
1 person likes this