Tuesday, December 30, 2008

A year of many 1st

One more day to 2009...
As I start counting down to bid goodbye to 2008 and welcoming 2009..
I start to review my 2008...

Its not hard to find that this is a year which I had my many 1st..

1st time studying in University..

1st time working in a Niche High Technology Market

1st time outstation for work.

1st time travelling to Beijing.

1st time Staying in a hotel alone.

1st time having a laptop which I can bring home for work.

1st time since a long time..to gain many encouragement and recognition for my hardwork and effort for work.

1st time since a long time...to gain appreciation for my effort and commitment in my work and my contribution to the company.

1st time since a long time...to give my sincere wishes to the man I love for his engagement, praying for his happiness each time I think of him. Each time it hurts, each time I pray harder for his happiness. I believe he will have endless blessing because I keep praying for him and his happiness every now and then when I am reminded of him. Hee..

There is a saying..if you can't have the happiness with him, then letting him go, wishing him happiness is another form of happiness and expression of love.

Wish that God sees my sincere heart and grant me a man who will truly love me and who deserve my love for him. A God-fearing man and one who will truly love me. If not, I will rather enjoy my happy singlehood now..enjoy all my freedom, esp to achieve all I want and do whatever I want.

My belief: Its better to be a happy single than to marry a wrong man or woman.

HAPPY 2009 everyone!!!!

Monday, December 29, 2008

New Year Resolution!!!

Few days ago, my bosses asked me what is/are my new year resolution for 2009?

I totally forgot about it.
I couldn't even remember what were my 2008 resolution...
Thinking really hard..
I think I have achieved most of them.
To study in Uni, to have a better job, to be a happy ME..
I guess..most of them came true...Praise the Lord Almighty!

What is my 2009 resolution?
Hmm...let me think...

Here are my 2009 New Year Resolution:
1) Continue to be a Happy me..
2) Let my joy and happiness influence people around me to be happy too..and that I can bear a good testimony and bring more people around me to know our Lord Almighty, the source of real Joy!
3) Enjoy my work, study, family and friends...
4) Continue to do well in work and study..
5) Start saving up for the future (tho its kind of late..but its better late than never right?) hee..
6) Get myself into a happy relationship if God allows my future life partner to appear before me..hee..
Oh..First thing first..He MUST be a Christian, God-fearing man and loves me.

Hmm..alot of resolutions right...??? Hee..
These are just resolutions or wishes..some can work hard for..some..just have to wait and see what is God's plan for me.
Whatever it is...One thing I know for sure..
Be it for 2008, 2009 or any other year...one thing never and will never change...I LOVE JESUS AND JESUS LOVES ME.

THANK U LORD FOR 2008! THANKS FOR EVERYTHING!!!
AMEN!

Now..perhaps its time for you to think, what are your new year resolutions, since Angeline has already shared hers.

Drop me a note and tell me about it :)
Cheers:)
Merry Christmas & a Blessed New Year!!!

God bless, always,
Angeline

Saturday, December 27, 2008

说好的幸福呢 / 失落非主流



Bravo Cheryl :)
This is beautiful and touching!

Wonderful Boxing Day

This is the first time I am celebrating or enjoying Boxing Day 26th December.

We woke up at abut 7plus in the morning, intended to go to the beach to have family day. However, it was drizzing so we changed our plan.

Elder brother brought us out to Tiong Bharu for famous charco porriage.
This porriage was good indeed.
We then went to another coffeeshop nearby to get some nice nonya dessert to bring home.

After returning back to my elder brother's place, we had a short walk to the NTUC to do some groceries shopping.
Then went home played with little princess for a while and then I took a few hours nap.

At about 4plus I got ready to meet my colleague Daphne again..hee..cuz today we are going to our bosses home for Christmas BBQ.
Boss came to Pasir Ris MRT to fetch us to his place.

WOW..my bosses house is so beautiful. Its a 4 storey private house with shared basement carpark. Entering from the basement carpark slot was his basement with a small lifestyle room and a large beautiful fish pond and waterfall..WOW..its like a resort..so impressive. As we explore each leve, it brings me getting surprises. their 2 years old eldest son came running to us, welcoming us.

We took a walk to their swimming pool nearby. Tho its a shared swimming pool but since there is only 16 families in this private estate..its basically like their own. Having their own privacy. The swimming pool is not very big but its very impressive..like a resort style swimming pool. :) Bosses say we can go there to swim..hee..

Then it started to drizzle again..we ran back to their house again.
We waited awhile for the rain to stop and went upstair to the highest level, another romantic place on the roof top to do BBQ. Another resort style..
We BBQ, eat and had red wine....
The food was great..
BBQ was great..
The chatting session was great...
Bosses's dad came and joined us...
We talked about almost everything...we had a fun time...

At about 10.30pm...Bosses brought us to Downtown East (again..hee) for karaoke and bowling session...
We had great fun..singing and then bowling...(usually I dun bowl..due to my weak elbows..but since its a special occasion...why not..)

We bowled till about 3.30am..in the morning..
Bosses and his dad sent us back in different cars.

What a wonderful Boxing day! =)

A Wonderful Christmas!!!

After I return home on Christmas eve after my last minute shopping with my colleague, I reached home and started to do Christmas wrapping with my youngest brother for all the tiny Christmas present we bought for our Church Youth and students.

We had fun doing all the tiny wrapping...joking and laughing as we did the Christmas wrapping.. Finally we finished off at about 2.30am all the wrapping as well as for the wrapping for our family members.

Time to sleep.

There after we woke up about 8plus 9am and got ready to go to Zion Presbyterian Church- our Main Church ( we normally known as Mother Church as we have one Mother Church/HQ and ten chapels in Singapore and Malaysia.)

Met my mum at Zion Pres itself and went to the service together.
To my surprise, this year the church is filled with people..till an extend that no there many left standing for mins and hours. More than thousand over people attended this years combine service (of our chapels and Mother-church itself).

Perhaps this is the first time the Christmas service is held on 25th itself.
Thereafter we proceed to a Chinese restaurant where we had reserved 106 tables for thousands of us to have Christmas lunch together.

I rushed off to meet Daphne my colleague at Kbox for Karaoke at Downtown East in a cab. We had great time enjoying the singing session. Then we went to a nice place with nice sofa to have our dinner.

At about 7pm I rushed home again.
Meeting my siblings and Mum to go to my elder brother's place to have our christmas gift exchange and spend our time with little Princess Ting Ting.

We played with Tingting and had fun.
Tingting opens up her many presents..and got many frogs for her presents..haha..as now she is enjoying the Frog song -gu gua gu gua xiao qing hua.My youngest brother and I bought her cute little white rabbit and many finger puppets and a hand puppet.

Then we did our gifts exchanged.
We slept about 11plus that night I think.

A wonderful Christmas indeed. :)

A different Christmas eve

How did you spend this Christmas eve?

Usually Christmas eve is the busiest time for me. In fact the entire Christmas season (Dec). However, due to my studies, I got no time to take part in my church choir which I usually did in the past. Thus I did not participate in the Christmas performance nor caroling this year. Except for a quick practice performance by our Youth Fellowship for our chapel's Christmas celebration last sunday.

I had to work full-day this year Christmas Eve.
This is the first time that I am still working around 5pm..on Christmas eve.
My bosses are not christians plus, there are many things to be done on his Christmas eve too.

But our bosses are good, at least they gave us a long weekend. We can rest not only on 25th Dec (Christmas day) but also 26th Dec (Boxing day)..plus our usual Saturday and Sunday off..So its a long weekend for us.

After working till about 6pm..My collegue Daphne accompany me to Vivo City to do our last min Christmas shopping...Can you believe it? We are still doing last min Christmas shopping on Christmas eve. She buying a short pants for her hubby..and me..buying a short pants for my two brothers and a polo tshirt for my dad.

We had dinner in a restaurant in Vivocity becuz everywhere since crowded. But the dinner experience was bad becuz not only the restaurant cannot accept cards but only cash..the food order all got mixed up due to computer fault. We eneded up waiting nearly an hour for our food to come as the couples who came after us had their food and went off.

We were not happy with their attitude and it seems that they did not even apologise for making us wait that long. This is a terrible service in this food industry.

But I told my friend to remain calm. Because eventually we are the one who will suffer if we get angry, why let this incident spoilt our Christmas eve.
Finally our food came and we finished off the food and left. Continuing our Christmas shopping.

Conclusion: Never enter a cafe if there is no crowd or queue..there must be some very good reason behind it.

Merry Christmas!

Tuesday, December 23, 2008

Once lost is the present gain

This Christmas season is a unique Christmas for me.
Filled with surprises everyday!

I started to realised the logic behind all this.
If there is no sadness in the beginning, there probably will not be such great joy.
If there isn't lost in the beginning, there probably will not be gain.

This Christmas season, I received many surprises..
presents from people who I did not expect.
This filled me with great joy.
Esp when these presents are from people whom I once treasure and still treasure and thot I had lost.

Thus becuz of the sense of lost and sadness I used to suffer from..
The greater my present joy is.

I am thankful for everything in my life right now.
Thank YOu God for everything!

Most of all, Thank U for the birth of Jesus so as to become our saviour to save us from our sins.
Jesus is the best present for the world.

I sincerely pray that all my love ones will one day know the true meaning of Christmas as they celebrate Christmas, may they accept this wonderful present from God as well.

Blessed Christmas everyone!

Just a Moment

by Max Lucado

It all happened in a moment, a most remarkable moment.

As moments go, that one appeared no different than any other. If you could somehow pick it up off the timeline and examine it, it would look exactly like the ones that have passed while you have read these words. It came and it went. It was preceded and succeeded by others just like it. It was one of the countless moments that have marked time since eternity became measurable.

But in reality, that particular moment was like none other. For through that segment of time a spectacular thing occurred. God became a man. While the creatures of earth walked unaware, Divinity arrived. Heaven opened herself and placed her most precious one in a human womb.

The omnipotent, in one instant, made himself breakable. He who had been spirit became pierceable. He who was larger than the universe became an embryo. And he who sustains the world with a word chose to be dependent upon the nourishment of a young girl.

God as a fetus. Holiness sleeping in a womb. The creator of life being created.

God was given eyebrows, elbows, two kidneys, and a spleen. He stretched against the walls and floated in the amniotic fluids of his mother.

God had come near.

He came, not as a flash of light or as an unapproachable conqueror, but as one whose first cries were heard by a peasant girl and a sleepy carpenter. The hands that first held him were unmanicured, calloused, and dirty.

For thirty-three years he would feel everything you and I have ever felt. He felt weak. He grew weary. He was afraid of failure. He was susceptible to wooing women. He got colds, burped, and had body odor. His feelings got hurt. His feet got tired. And his head ached.

To think of Jesus in such a light is—well, it seems almost irreverent, doesn’t it? It’s not something we like to do; it’s uncomfortable. It is much easier to keep the humanity out of the incarnation. Clean the manure from around the manger. Wipe the sweat out of his eyes. Pretend he never snored or blew his nose or hit his thumb with a hammer.

He’s easier to stomach that way. There is something about keeping him divine that keeps him distant, packaged, predictable.

But don’t do it. For heaven’s sake, don’t. Let him be as human as he intended to be. Let him into the mire and muck of our world. For only if we let him in can he pull us out.

It all happened in a moment. In one moment … a most remarkable moment. The Word became flesh.

There will be another. The world will see another instantaneous transformation. You see, in becoming man, God made it possible for man to see God. When Jesus went home he left the back door open. As a result, “we will all be changed—in a moment, in the twinkling of an eye.” (1 Corinthians 15:51–52)

The first moment of transformation went unnoticed by the world. But you can bet your sweet September that the second one won’t. The next time you use the phrase “just a moment, … ” remember that’s all the time it will take to change this world.

Friday, December 19, 2008

Blessings Blessings Blessings

Thankful to the Lord for all the good happenings in my life.

I used to think that good things doesn't happen for long in my life.
However, this thought has change recently.
Esp since I started my new job.

Good things started to happen in my life, one after another.
I started to believe in rainbows nowadays.
All sadness was gone after the rain has stop and when the rainbow appears smiling at me.

I am blessed with wonderful family, good friends, good colleague and bosses.

Each time when I started to frown, this frown doesn't last long, because just before I realise I was frowning, God gave me surprises in my life again. Time after time, blessings seems to knock at my door, delivering smiles on my face again.

I am blessed indeed.
I am thankful to God for good understanding bosses who acknowledge efforts and rewards according.

Without the past bad experience in work, I probably wouldn't appreciate and treasure what was given to me now.

God gave me another surprise last nite. Tears almost rush out of my eyes but was quickly holded back by me.
Finally the day has come...a long silence wait tho..

I received an advance Christmas present from one of my friend in my previous study group. I was very touched when she came over during the break and passed me a sweet looking Christmas present, saying that it was for me. I nearly burst into tears.
Thank U for the present dear! And thank God for this day has come. Not for the present but rather for the thot from this friend. Its much precious than the present itself. Thanks! Appreciate it very much. This means a lot for me!

Now I start to believe, endless good things and blessings are happening in my life. What other good things will come my way?
Will my Mr Right come along too?

Am I being too greedy? Or am I being faithful (having the faith in the Lord that God will bless His children.)

Thank U Father in Heaven. You have given the best and many great Christmas present to me, esp this year. Thank U Lord Jesus Christ!
Amen!

Sunday, December 14, 2008

All is worthwhile :)

Finally heard something which I have been waiting and wanting to hear from someone I treasure very much!

All is worthwhile.

Contented am I, whatever the present maybe.
God has His perfect will. Men did their best!
That is enough :)

All the best, and friends forever!
Keep it that way Pal!
Thanks :)

Angel

Saturday, December 13, 2008

Good old friend

Asked an old friend to meet up for a drink last nite.

I brought him to a cozy bar for a drink.
He love the ambience.
We have a good chat last nite.
Its been a long time since we felt so relaxed..
Nothing is better than being with some one who knows you in and out,
accepting each other as he or she is.

Tho we are difference and we respect and accept the difference between us.
Maybe becuz there is never special chemistry feeling btw us..
like our common buddy and me. :)

This allows us to be ourselves without putting up a front face.
What you see if exactly what I am. Many time we tend to worry about the reaction of your partners esp during the dating period. Thus its not easy to be relax and really be yourself. hee..

I laughed and told him, it seems that I was never a woman to him,
nor is he a man to me. We are just who we are.
Haha..who says man and woman cannot be good friends =)

This is even better than having a life partner.
It is good to be single :)I really enjoy my singlehood now.
Enjoy while you can.

Friday, December 12, 2008

Rich Fool?

Here is something which I come across and I find it amusing..hee..

*Case WOT on TS*

A young and pretty lady posted this on a popular forum:

Title: What should I do to marry a rich guy?

I'm going to be honest of what I'm going to say here. I'm 25 this year.
I'm very pretty, have style and good taste. I wish to marry a guy with $500k annual salary or above. You might say that I'm greedy, but an annual salary of $1M is considered only as middle class in New York . My requirement is not high. Is there anyone in this forum who has an income of $500k annual salary?
Are you all married? I wanted to ask: what should I do to marry rich persons like you? Among those I've dated, the richest is $250k annual income, and it seems that this is my upper limit. If someone is going to move into high cost residential area on the west of New York City Garden , $250k annual income is not enough.

I'm here humbly to ask a few questions:

1) Where do most rich bachelors hang out? (Please list down the names and addresses of bars, restaurant, gym)

2) Which age group should I target?

3) Why most wives of the riches is only average-looking? I've met a few girls who don?t have looks and are not interesting, but they are able to marry rich guys

4) How do you decide who can be your wife, and who can only be your girlfriend? (My target now is to get married)

Ms. Pretty



Here's a reply from a Wall Street Financial guy:

Dear Ms. Pretty,

I have read your post with great interest. Guess there are lots of girls out there who have similar questions like yours. Please allow me to analyze your situation as a professional investor. My annual income is more than $500k, which meets your requirement, so I hope everyone believes that I'm not wasting time here.

From the standpoint of a business person, it is a bad decision to marry you.
The answer is very simple, so let me explain. Put the details aside, what you're trying to do is an exchange of beauty and money: Person A provides beauty, and Person B pays for it, fair and square. However, there's a deadly problem here, your beauty will fade, but my money will not be gone without any good reason. The fact is, my income might increase from year to year, but you can't be prettier year after year. Hence from the viewpoint of economics, I am an appreciation asset, and you are a depreciation asset. It's not just normal depreciation, but exponential depreciation. If that is your only asset, your value will be much worried 10 years later.

By the terms we use in Wall Street, every trading has a position, dating with you is also a trading position. If the trade value dropped we will sell it and it is not a good idea to keep it for long term same goes with the marriage that you wanted. It might be cruel to say this, but in order to make a wiser decision any assets with great depreciation value will be sold or leased. Anyone with over $500k annual income is not a fool; we would only date you, but will not marry you. I would advice that you forget looking for any clues to marry a rich guy. And by the way, you could make yourself to become a rich person with $500k annual income. This has better chance than finding a rich fool.



Hope this reply helps. If you are interested in leasing services, do contact me.

Tuesday, December 9, 2008

The girl and the rock

One day, a girl was crying helplessly by the riverbank..

In the mist of her tears, she saw not far away was a huge unique rock which she has never seen before..

It caught her eyes and stopped her tears instantly
She walked towards it and was amazed by the uniqueness of this rock.
This rock seems to understand her sadness and comfort her in an unique way.
She felt the bonding with this unique rock.

Each day she carried the rock everywhere she goes.

The rock became her security and her companion..
Tho heavily-weighted..and tired, yet unwilling to let go of the rock....

This rock became so precious to her, as if she could never do without it. It became part of her life.

But as days goes by, she started to feel the weight of the rock, weighting her down. So much so that she could no longer breathe freely.

She struggled and struggled...losing her breath..
and losing the happiness which she had too..when she first found the rock..

Then one day,she suddenly felt that the rock no longer gave her the warm and secure feeling which she used to have.
She started to feel sad instead, even tho she still holds on to the rock. This rock seems so alien to her..

She kept asking herself..what has happened?

Finally the day came, she could no longer withstand the weight of the rock..and the coldness of the rock...
she decided that its time to let go...

With tears in her eyes, she left this rock unwillingly by the road and bid goodbye...
A sense of lost filled her chest...
yet...to her surprise... a sense of relieve and happiness dashed in too...

Her sadness turned into joy once again...
She then realised that she had made the right choice..

That rock doesn't belongs to her afterall.

Even tho its an unique rock..
Even tho it was there just when she needed it somehow...

It brought happiness, comfort and security to her for a moment...

but...after all..this rock needs to be somewhere else instead...

Its too heavy for her.
Its probably given by God for a moment...

And the time has come...the rock finished its mission..

Someone down the road probably needs it more than her right now..

A time to gain and a time to lose...
A time to be happy and a time to be sad...
A time to lost and a time to be found...
A time to cry and a time to smile :)

A time to read and a time to stop.

This is the story of the girl and the rock..
The End.

Monday, December 8, 2008

kaleidescope



At different point of time, we view life differently.

Recently my life seems to be overwhelmed by colours.
Looking back,life seems like a kaleidescope.
Looking into a kaleidescope, you find yourself entering a new world filled with colours, shapes and patterns, so beautiful that you refuse to get your eyes off it.

Each day, surprises seems to pop by knocking at my door, greeting me.
So much so that it almost took my breath away.

Life is filled with so many surprises and its ever-changing.
No one knows what's gonna happen the next moment.
Just as you thot you figure out what is going on...
the next moment you realise you are lost again.

Just like the patterns and colours one sees in the kaleidescope.
Sometimes you think you figure out what that beautiful patterns are made-of..but a slight twist on the kaleidescope, you are lost again.

It take time after time to finally get the pictures into our head.
But no matter what the pattern is, it seems to overwhelm us and bringing us into another space.

No doubt life seems ever-changing and often caught us by surprise, causing our heart to pound harder each day...but the colours and the beauty of life enriches us, bringing new hope for each day.

Move on..Move on..pick up your courage and move on..
Enjoy the beauty and the colours of life.
Life is filled with colours becuz there are always surprises down the road ahead.

Lift up your head high and hold on to your courage..
with that, you can face each day with a smile :)

That's life from a kaleidescope.

Sunday, December 7, 2008

Last Day in Beijing

Today is the last day in Beijing.
Flying back to Singapore at 1pm but checking in about 11am.

At Beijing, one needs to take a little train (LRT) to collect your luggage upon arrival and or before check-in.

Finally managed to have a proper breakfast at the cafe in this hotel which I stayed in. The food so far, is better than those I had eaten during Joyce and mine Shanghai trip. Not sure is it becuz, the hotel I live in is 5 stars and the conference is 6 stars and the places we eat are highly recommended places.





Starting to miss this place already..thinking that I am leaving this place..hee..
I had a great time with May Ying here and a great learning experience and explosure in work aspect.

This cafe is nice and cozy. Food is nice too!
Too bad, everyday is like in a rush, no proper time to sit and enjoy a proper meal here even tho I stayed here.
Service is pretty good except their English isn't that fluent.

Overall good. I recommend one who know Mandarine to stay in this hotel for their Beijing trip, if they are looking for cheaper hotel in this 'expensive district'. It costs me USD313 for 3 nites stay, which is about SDG160 per nite incld breakfast.
The hotel where I have conference is cost about nearly double this price if i remember correctly.

Ahh..finally Home Sweet Home!!!

3rd Day in Beijing

Today is Tuesday, my 3rd in Beijing, 2nd and last day of Conference.

Thanks to the white wine I had, I managed to sleep very well last nite.
Woke up about 7am rushed again to get ready, then quick breakfast again, then conference at 9am today.

The Conference was good today. We exchanged many views.
Thereafter was group lunch for interaction.
Yesterday I was siting with the Indonesia Distributor, humbly listening to him sharing his business experience. Today, I was siting with my Korean Dad, listening to him sharing Philosphy of Life, work, time management and even 
Marketing as I told him I missed my first Marketing class becuz of this businesss trip.
So he shared with me some knowledge on Marketing. He is also a lecturer/ Associated professor in Korean University.

After lunch is the conclusion of the Conference and Award presentation.
To my surprise, my company has a share of the award too!!!
My eyes were wide open as they called out my company's name, cuz we were not told.
They looked at me and say "Yes, its you, come and recieved the award!" hee..and so, I went up to recieve the medal award for my company.
=) That's so sweet.

As the conference ended, many came to talk to me and introduce themselve and we exchange business cards and some views on business prospect.

Thereafter was the BIRD NEST TOUR. haha..pardon me, I really thot we are visiting the BIRD NEST FACTORY till I heard someone said in Chinese 'niao cao' then I realise we are visiting the BIRD NEST LIKE STADIUM where this years Olympic was held.

We took transport there and had a long walk to reach that place.
Well, the stadium was not as big as the one Singapore has. Tho the structure is nice.

After the visit to BIRD NEST, we went back to hotel and bid goodbye..
Before I left, I had a short session on the Medical Business Aspect of some of the products.

Thereafter, I went to meet my church sister May Ying and she took me to a famous Mutton steamboat restaurant for dinner.
Before we reached the restaurant we stop over at Shi Mao Tian Jie, which I managed to go during the day when I had about an hour's interval.
You can see the the Day and night looks totally different.

Day is like a 'ghost-town' very quiet. I took a quick stroll in one of the Mall, and found out that the prices are way too high as compare to Singapore, not much different or should I say more expensive. Thus even get a single thing.





But night was different. I was captivated by this marvelous (longest) screen I think in the world above me which one will never know its a screen in the day. The 3D effect was so good!!! Its so cool..If May Ying didn't bring me here during the nite, I would probably say..Beijing??? Nothing to see..hee..
Okay, at least there are something impressive to see.




This is the nice scenery along the journey from the hotel where I have conference, to this Shi mao tian jie during the day.

Okie, after taking a few snap shots, its time for dinner.
Off we go...
We reached the famous mutton restaurant, as usual had to queue and wait for seats.
The steamboat is unique, you basically cook all the raw food in that steamboat (but its only plain water, unlike our chicken or herbal soup base). Thus soup has no taste.
We were given few live-prawns to cook in our steamboat.





The mutton taste good in the unique sauce, no chillie or light soya sauce which we normally have in Singapore. Take a long time to get use to that taste.
But overall, unique..no bad lah..hee..

After dinner, we went for a drink.
This place has funny drinks (voka) uses difference World Leaders name. Interesting.

Thereafter its bed time.
Sent May Ying back to her place and back to hotel to caught some sleep.

Thanks to May Ying, she made this trip a better one for me.
Without her, I dunno what I would be.
And thanks for I-ning for telling me that May Ying stays here and that I can meet up with May Ying. I had a great time here in Beijing. A great learning experiences in all aspect.

Overall, thank God for making this trip a wonderful one for me.
Thanks my offices/bosses for this business trip opportunity.
Seriously, this is not a tour, no sight-seeing in fact (except if you count the BIRD NEST and the restaurants where we had dinner one..)as many thot it will be..
But its an eye-openers for me as its my first business trip.

There is always 2 sides of the coin for everything.
In everything, take it with a gratitute and Life will be better :)

2nd Day in Beijing

2nd Day in Beijing was a busy day as this is 1st day of Conference.
The morning sun welcomes me as it shines into my room.

I didn't sleep the whole nite, as usual not used to being alone in foreign place. I think tonight will probably be better.

I took a quick breakfast at the cafe downstair and then dash for a cab to the Hotel where the conference is held.

The conference was good. Thereafter we had a wonderful lunch buffet at the 6-stars hotel itself.
I got to know lots of people from all over the world Japan, England, France, Indonesia, Korea, China, Hong Kong etc.
And we exchange our views and knowledge. They were very humble and taught me many things.

After lunch, we went into difference conference room to attend different seminars on different products and exchange our views and feedbacks.

There after, I had an early break about 4pm and I went back to my hotel to work on quotations and emails to my office in Singapore.

At about 6plus I rushed back to that Conference Hotel to have group dinner with our business partners again. We were brought to a Chinese Restuarant called the Hidden City.
The dinner was great. We get to know each other better in all aspects.
I even got myself a Korean 'father' during this dinner, hee..as he joked about wanting to introduce his son to me, cuz he is so surprise a beautiful lady like me is still single..hahaha..
He even asked the English man to introduces guys to me. They are so funny.
I told them, I am not into relationship now :) thot its really nice of them.

One of the English guy sitting beside me was very nice. We were chatting the whole evening..but only till the very end of our conversation, did I realise he is actually the 'Big Boss' of our Business partner who organise this Business Conference, Oops..!!!
Hee..

This seems to be an interesting and fruitful day for me. :)

Monday, December 1, 2008

1st nite in Beijing

This is my first nite in Beijing on my first business trip.
All excited but anxious too!

Thank God for giving me a beautiful room in this 5 star hotel. A huge and beautiful room.
Tho not used to stay alone in a hotel room but I must learn to overcome this.
This hotel is great!

Its good to have someone you know in a foriegn country esp when you are alone.

My church sister, May Ying works here and lives near the hotel which I am staying in.
She is so sweet and kind.
She came over to my room after I reached my hotel and took me out to Gui Jie a street full of food to eat..





After a long journey flight from Singapore to HK then to Beijing, I finally touched down in Beijing tonight 8pm.

Took a cab to the hotel which I booked near the conference place.
Really thankful to God that my church sister also stays in Beijing..becuz the taxi driver doesn't know where is my hotel (Jing Guan New World Hotel) becuz all my info is in English.

If not for her to call me and direct the taxi driver, I probably do not know where I will end up in. Hee..
This is my beautiful room in Jing Guan New World Hotel.





May Ying came over to my hotel room and brought me to a chinese restaurant and she treated me a place of Hot Spicy mini Lobsters..one of the famous dish here..and we order many other nice food..
but can't finished..becuz in Beijing..there is no such thing as small portion..or smaller plate.




After our late dinner its midnite..and I just came back to my room..
unpacked my stuff and took a quick shower..

May Ying showed me so many nice places which we could visit as we travel in the taxi..too bad my stay here is so short..
hee..see how la..might skip the dinner or leave earlier after the dinner with the organisor and meet my church sister after that..hee..

After reaching here..all my grumble started to turn into thanksgiving..
I finally understand why God sent me here...
If God didn't sent me here, I would not break thru this barrier of going abroad and staying alone..and I cannot become really independent..
And if God doesn't sent me here, I probably will never get a chance to come to beijing..seeing another part of the world..
Just take this a work but also a holiday for myself..
God probably know that, since my leave is all taken up by exam..I won't have any leave for holiday..so..after all..this trip is a Great trip.

I should just open up and sit back relax, Break Thru!!! And start enjoying everything God has prepare for me.
Thank you Lord!

Okie now is 1plus in the morning..need to go thru some notes and then go to sleep and get ready for meeting tomo morning..

Keep me in prayer okie..
1st nite in Beijing is Great!

Friday, November 28, 2008

A Busy and Thrilling week

This week has been a busy and thrilling week for me.

It started off with preparation and Account Exam itself...
There after I treated myself to a fabulous Japanese meal at Shin Kushiya at Vivo City.

To my surprise, this 'LADIES MEAL' not only looks good, the taste was heavenly.
You probably think that I exaggerated, but believe it or not, each bite touches my heart and even to the point that it brings tears to me. Why so?

I have never eaten anything that taste so 'sincere'. I can feel the sincerity in the food itself. Even tho there are so many different variety in this set, but each has its unique taste, not challenging each other but compliment each other so well. Its really hard to describe with my limit words of expression. All I could say is, "it's the best, I have ever tasted, and it touches right into my heart." Is that why there is a chinese character written on their namecard '心' which means heart?
Perhaps its the motto of this restaurant to serve with their heart. And indeed, they have done it. Well Done Shin Kushiya!


After this wonderful meal at Shin Kushiya,I went to have my hair hightlighted in a salon nearby. Just as I was having my hair highlighted, I was got by a surprise call from my colleague, informing me that my bosses decided to give me a welcome present back from my exam leave. And guess what is that?

Ha..Beijing Conference on coming Monday. They told my colleague to look for airticket and hotel room for me in Beijing. And worst of all, I will be going alone. Ha Ha Ha.
Being so new in this line, its really nervous for me to attend such a conference whereby all the distributor around the world will be gathering together for presentation and discussion. Thank God I managed to convince them to skip my part of presentation since I am only coming to 3 months old in this company and I have no engineering background.However, I am still involve in the discussion whereby I have to answer questions posted by people and ask questions and give suggestion and feedbacks as well.

On wed, I went back to work and started to looking for suitable hotels and airticket. And finally got it settled...tho there are many hipcups in between.

Thank God after work, I met up with Derrick my sweet and nice classmate and he brought me to a very nice, cozy and kind of romantic place for a drink. Its call 'The Wine Company' at Dempsey Hill. We love the ambience. You probably have heard or even been to that place. Its like a town out of the busy city. A very relax place. We ordered a bottle of nice white wine and talk thru the evening till about midnite. Really regreted, should have take Derrick's advise to go there during the weekend instead becuz time just seems so short there. Just as we being to relax and enjoy the evening, chatting..time seems to pass by so fast..and its time to go time becuz I have to work the next day. Well..anyway, we will go there on a weekend next time. Thanks Derrick for the nice recommendation. I really like that place alot. But next time, no more high heels and laptop..hee..cuz the road there is long and hard to walk.

And last nite, thursday, I brought both my colleagues to AI QING HAI to watch Michael and Weiyang's performance. Oh how I missed their performance.
They are still as good. But the only thing that change is that they no longer play 'loud' happening music like before. Due to many constraint there, they can only play and sing those sentimental kind of songs..abit sad.
However, at least Weiyang and Michael did the Blue Suede Shoe for me...plus a few numbers for me. The audience were caught by surprise to hear how Weiyang sung Blue Suede Shoe and obviously they were very impressed by it and this brought lots of applause from them.. hee:) who knows better than an old friend and an old fan of Michael and Weiyang's band..hee..

We had a great time last nite.

Well..as for today, I was busying doing last min preparation for the BeiJing Conference Trip and trying to finish off some work before I am outstation. Hee..however even if I am outstation..my bosses didn't forget to give me homeworks..that is quotations to do even when I am in Beijing..hahaha..Well..economy is bad...must work harder..hee.. :P

Alright..that's just how busy and thrilling my week is..
Tomo got to go and get for myself a nice formal winter coat to wear for the conference in Beijing..(I only found this out today)..sigh...
Then come back pack my luggage and then go over to my brother's place and spend the nite with my family and our little princess, esp since I have to miss her 1st birthday (party) this sunday, as I will be in BeiJing by there..

:) This is my first business trip..I am all excited and nervous about it..
Pls keep me in prayer that everything will go on fine.
Thanks :)

Hope you have a wonderful and fun weekend!
Cheers:)

oh btw, I will be in BeiJing from 30 Nov (this sunday) till 3 Dec (Wed) nite.
So, I won't be able to pick up call. You can sms me tho if needed :)
And sad to say, I will be missing my precious niece Ting ting's 1st birthday and also my 1st Marketing class on monday, as the new term starts this coming Monday.

Sunday, November 23, 2008

Learning to Trust the Master


by Max Lucado

A man and his dog are in the same car. The dog howls bright-moon-in-the-middle-of-the-night caterwauling howls. The man pleads, promising a daily delivery of dog biscuit bouquets if only the hound will hush. After all, it’s only a car wash.

Never occurred to him—ahem, to me—that the car wash would scare my dog. But it did. Placing myself in her paws, I can see why. A huge, noisy machine presses toward us, pounding our window with water, banging against the door with brushes. Duck! We’re under attack.

“Don’t panic. The car wash was my idea.” “I’ve done this before.” “It’s for our own good.” Ever tried to explain a car wash to a canine? Dog dictionaries are minus the words brush and detail job. My words fell on fallen flaps. Nothing helped. She just did what dogs do; she wailed.

Actually, she did what we do. Don’t we howl? Not at car washes perhaps but at hospital stays and job transfers. Let the economy go south or the kids move north, and we have a wail of a time. And when our Master explains what’s happening, we react as if he’s speaking Yalunka. We don’t understand a word he says.

Is your world wet and wild?

God’s greatest blessings often come costumed as disasters. Any doubters need to do nothing more than ascend the hill of Calvary.

Jerusalem’s collective opinion that Friday was this: Jesus is finished.

Such is the view of the disciples, the opinion of the friends, and the outlook of the enemies. Label it the dog-in-the-passenger-seat view.

The Master who sits behind the wheel thinks differently. God is not surprised. His plan is right on schedule. Even in—especially in—death, Christ is still the king, the king over his own crucifixion.

Can’t he do the same for you? Can’t he turn your Friday into a Sunday?

Some of you doubt it. How can God use cancer or death or divorce? Simple.

He’s smarter than we are. He is to you what I was to four-year-old Amy. I met her at a bookstore. She asked me if I would sign her children’s book. When I asked her name, she watched as I began to write, “To Amy …”

She stopped me right there. With wide eyes and open mouth, she asked, “How did you know how to spell my name?”

She was awed. You aren’t. You know the difference between the knowledge of a child and an adult. Can you imagine the difference between the wisdom of a human and the wisdom of God? What is impossible to us is like spelling “Amy” to him. “For as the heavens are higher than the earth, so are My ways higher than your ways and My thoughts than your thoughts” (Isa. 55:9).

I keep taking Molly to the car wash. She’s howling less. I don’t think she understands the machinery. She’s just learning to trust her master. Maybe we’ll learn the same.


From
Next Door Savior
© (Thomas Nelson Publishers, 2006) Max Lucado

Saturday, November 22, 2008

Picture Life

Imagine...

Life ............ A blank piece of paper
There u r.......standing in the middle...

Everything is empty and smooth...
Looks boring right???

That's how life is if everything is quiet & smooth going...

Now...Use some rocks and pebbles of difference sizes..draw a long curve path with them..Doesn't it look better?? Hmm... Much much better right?
In our life, many times we step on rock grounds and pebbles and start grumbling why why why??? See the difference which these rocks and pebbles has done for u in ur life?

Next, add green pasture on one side of the path...and sand on the other..
Let some flowers blooming on the side of the greenary..isn't it beautiful?
Sometimes we focus too much on the side of the sand..and forgot there are beautiful things on the other side of the road just beside u.

Now, near the edge of the sand put in water, like the sea...little waves running on the sea..this is just like our life...sometimes we find ourselves like the waves running on the sea...sometimes it seems pretty quiet..sometimes...it seems like huge wave coming over us...

Now..add hills and mountains at the end of the road..all of different heights..
It represents those many challengers in our life...one after another...and there seems to be even more in the road ahead..

Next, add birds in the air, butterflies, bees, rabbits anywhere you like in the picture..This represents the nice, sweet, good, gentle, 'bad' people around you.

Okie..you are almost done..
Now sit back...and look at this picture you just did..

Isn't this picture beautiful, when you put them all together???
This is just how our life is...

When we take a step back to look at things...
We learn to appreciate things more..

This is LIFE.
A little sharing by Angeline..
:)

Oh here come the rain clouds...draw an umbrella to shelter yourself..
or...you might just as well enjoy the rain!

Happy weekend everyone!
Cheers:)

Friday, November 21, 2008

God rescues me from the Hole...

Half studying about the legal structure of Singapore..
half thinking about another matter..

Derived a conclusion:
God actually rescues me from the hole I dug for myself..
avoiding me making unnecesary sacrifice for 'love'.
I guess God believe I deserve better.

") Thank You Lord! I didn't realised till now.
Cheers :O)

Phew!!! Now I am truly happy..for him and for me.
hee...

No wonderful Jesus is the Lord..He is up there seeing everything so clearly...hahaha..

But of cuz many did try to bring this message across but well..Everything has its time. The time is in the hand of the Lord.

There is a season for everything!
Cheers:)

Back to Classification of law again..hee

Have a wonderful weekend everyone!

Frog in the box


Like a frog in the box..
trapped in the "time space".
Unaware that time has been passing by ripidly.
Things outside the box has changed so much....

The box was suddenly opened..
'Past' vanished into the thin air..rushing in with PRESENT & FUTURE.
A suddenly lost of breath..
Caught by the surprise of reality..

Time to jump out of the box and take a good look at the world out there.
Jump Frog Jump!!!
Out of ur box into the world of reality!

Be overwhelmed by the changes. Smile and bid goodbye to that box which had been ur shelter for so long.

Jump Frog Jump, Up high into the Air.
Breath the fresh air that is awaiting for u.
Embrace the Present with courage and joy!

People come People go

Two years passes just let that..
I was missing a close friend which I had in the past.
Time flies..wondering how he is doing..
Suddenly saw him added to my facebook..
Next thing..he is engaged.

(smile)Guys in my past often gives me surprises...
They come, they go, they got a new partner, engage/married or even have children.
Funny thing is..some even come back after divorce looking for 2nd chance.

Isn't this funny???
I guess this is life...
I found myself looking at the door of my life..
watching people going in and out of my life...busying with their life..
Time seems to fly by unnoticing..
(smile)
Oh I remember this friend say to me..If I really love a person, I should feel happy and congrate him finally finding his true love.
Here, CONGRATE TO U MY FRIEND. HAPPINESS ALWAYS. TIME IS SHORT. TREASURE EVERY MOMENT. BE HAPPY ALWAYS.

Angeline

A good sharing relaxs the soul

God knows what is best...
Just as I was all tense up...
I went online and chatted with a classmate of mine who is also a christian..
We just couldn't stop praising and talking about how great and wonderful God is and what marvelous things He did in our life...
Suddenly...all my tension just went away..

She is right..God has given me strength to fight over death back then..why should I even be worried and get tense up with this small exam paper..
:) She is right..

What can be more fearful than death?
I am reassured now...
And thanks for sharing this beautiful song with me too "I CAN ONLY IMAGINE."

Thanks alot.
And Thanks God for everything in my life!
Amen!

I Can Only Imagine lyrics

I can only imagine
What it will be like
When I walk
By your side

I can only imagine
What my eyes will see
When your face
Is before me
I can only imagine

I can only imagine

[Chorus:]
Surrounded by Your glory, what will my heart feel
Will I dance for you Jesus or in awe of you be still
Will I stand in your presence or to my knees will I fall
Will I sing hallelujah, will I be able to speak at all
I can only imagine

I can only imagine

I can only imagine
When that day comes
And I find myself
Standing in the Son

I can only imagine
When all I will do
Is forever
Forever worship You
I can only imagine

I can only imagine

[Chorus]

I can only imagine [x2]

I can only imagine
When all I will do
Is forever, forever worship you

I can only imagine

Thursday, November 20, 2008

Can't wait for Exam to be over


Can't wait for Exam to be over..
I enjoy everything I am doing wait now..
But time seems to fly..
There just seems not enough time to do everything together..
Not enough time for me to rest, work, study, meet friends, be with family, dance/excerise...I really feel exhausted..
Each day after work..rushing home to study or rushing for class..
Going home checking emails for work...
Reading up on the lessons..

I seem to miss those time where I get to go watch movie by myself...
Going shopping alone..
Sitting by a cafe..watching the crowd...observing people and life...
Now..time just doesn't seem enough for me..

I thought upgrading myself is a good way to keep myself busy...
But it seems that it really too busy and exhausting..
Esp at this exam period..I just find that I don't have much time to rest...
Even tho coming home after exam today...I had a short nap..cuz I din sleep last nite.. but did I even actually sleep just now..
Feeling so so tired...
Woke up..catch a show or two to relax a bit...
Now...wanting to pick up my law books and notes to start my revision..
but just feel like sleeping...
If only I have one more day for me to rest and sit back study..if only there are two days in between for us to sit back and study so that we won't be so tense up..
If only I have enough leave to allow me to have long exam break..tho I am still checking my office email to make sure things are handled properly when I am not around..Really sorry to trouble my colleague to take over my job when I am away for my exam.

Time just doesn't seems to be enough..
Ask me if I feel like taking leave for holidays???
Of cuz I do..but all my leaves get burn up by my exams...And its not even enough for my exams and preparation..

Only thought studying part time can make my life more fulfilling and occupied..but never know it can be this tough...I am trying very hard like all my classmate..trying to pull thru each semester..each exams...its really exhausting...like the TUG OF WAR. How can people around me managed?
Or am I getting old to start studying again..trying to pick up what I left off ten over years ago...esp taking degree level...??? Wow..

Oh Father in Heaven, please give me strength, knowledge and wisdom to pull throught this 3 years smoothly..not to have hipcups in between..
Its really very tough to manage work and study at the same time..
very exhausting...

Now I wish to pick up dance class again nearby my place to exercise and keep fit and to relax myself..However, dancing is also a learning process...The foundation is also tough..and stressful...one really needs lots of passion in it..and CONFIDENCE.
I admire those dancers on the stage..how they dwell into their dance and expressions.
If only one day I could do that...I probably will enjoy dance like many people I know.

Well..so much of complains and grumble..Now..back to reality...hee..
back to revising my Business Law. Can't wait for it to be over.
I missed playing with TingTing my niece..
Can't wait to celebrate her 1st birthday next sunday!
She is such a sweetie :) Muck!
Cheers everyone!
Life is beautiful isn't it?

Its the little pebbles which makes the path looks even more beautiful and us to appreciate when we can finally walk on the smooth path...right?
Gambatte!

Econs Paper

This morning was my Econs Exam paper..
Didn't sleep well...or should I say...I din even sleep last nite..
I was way too tense...
There seems to be so much to study...even till the very end..
Am I giving myself too much pressure???
I guess I am.

I was so worried even tho Econs is the subject which I really like and confidence..
but flipping thru those disorganised notes in the textbook..its not hard to make one tense up. Our lecturer teaches with his own set of powerpoint which is more straightforward tho..

So even the graphs he drew might not be the same as what is shown in our text.
Thus even tho I started Revision way back from the beginning of the class...
There are still points that just too much to memorise..
Even tho I know I understand those points..I was worried that I couldn't recall in exam...thus giving myself too much pressure.

Today's Econ's paper was in the Exam Hall like last semester...its a last min change of venue.. And I was sitting the first one down the long and huge Exam Hall..But funny thing is..I was calm. God really answers my prayers...And thanks to all your prayers..too..

I managed to finished Section B the essays within my 'aim' time that is an hour. And I started my Section A MCQ at 11am and finished about 11.30am..I started to flipped thru my exam question papers and my answer sheet to check on every of my answers..Well everything seems ok, tho its a bit funny to draw only 4 graphs and explain on what is isoquant and isocost etc..But well..that's about all we are taught..what else can I write?
So don't care just leave it.

So at 12pm, we all handed up our papers. Everyone's face was lighten up..Everyone seems to be smiling, as if a huge Rock fell from our chest.

Now..its time to work on my Business Law paper. Someone say Business Law is easy..
Its common sense.. She is quite right...but provided you can memorise all those cases and principle and fight your case like a lawyer when you are given a scenario.
So Easy or not..I leave it to you.

As for me? I love Business law too. Its theory and understanding..Its better than Numbers..
hee..

Now???? Going to have my nap first..din sleep the whole nite..My brain is exhausted.
Then will start memorising all the principles in Business Law, Contract Law and Law of Tort. Good thing is I have also started my revision since a week ago...
Law is really too much to study man...cannot study last min..The brain will Burst!!!

Thanks..do keep me in prayer ok that I will pass my Business law as well and do well. Cheers:)

Oh and Happy Birthday Joyce and Cindy!!!
Sorry, way too busy to get u gals ur present...as u can see..poor Angie is still in the battle right now...

MUCK MUCK MUCK...here's your birthday kisses...Have a sweet and blessed birthday okie. Cheers:)

Wednesday, November 19, 2008

Economic Paper Preparation

Even tho I started preparing Econs since long ago..
but it still takes alot of time to really consolidate those knowledge to make sure I am right.

Finally managed to went thru all these MCQ questions in section A in all those past year papers to understanding why if I got the answers different/wrong.

So much for the brief understanding of all topic.
Now is the time to go into the deep essay questions...
esp to knowing the difference between all the diff economy structure and how to explain them..drawing charts etc...

Gambatte...tomorrow is Econs paper..jiayou ba!!!
ciao..back to study again..

Tuesday, November 18, 2008

Externality

An economic side-effect. Externalities are costs or benefits arising from an economic activity that affect somebody other than the people engaged in the economic activity and are not reflected fully in PRICES. For instance, smoke pumped out by a factory may impose clean-up costs on nearby residents; bees kept to produce honey may pollinate plants belonging to a nearby farmer, thus boosting his crop. Because these costs and benefits do not form part of the calculations of the people deciding whether to go ahead with the economic activity they are a form of MARKET FAILURE, since the amount of the activity carried out if left to the free market will be an inefficient use of resources. If the externality is beneficial, the market will provide too little; if it is a cost, the market will supply too much.

One potential solution is REGULATION: a ban, say. Another, when the externality is negative, is a tax on the activity or, if the externality is positive, a SUBSIDY. But the most efficient solution to externalities is to require them to be included in the costings of those engaged in the economic activity, so there is self-regulation. For instance, the externality of pollution can be solved by creating PROPERTY RIGHTS over clean air, entitling their owner to a fee if they are infringed by a factory pumping out smoke. According to the Coase theorem (named after a Nobel prize-winning economist, Ronald Coase), it does not matter who has ownership, so long as property rights are fully allocated and completely free trade of all property rights is possible.

Monopoly

Monopolistic competition
Somewhere between PERFECT COMPETITION and MONOPOLY, also known as imperfect competition. It describes many real-world markets. Perfectly competitive markets are extremely rare, and few FIRMS enjoy a pure monopoly; OLIGOPOLY is more common. In monopolistic competition, there are fewer firms than in a perfectly competitive market and each can differentiate its products from the rest somewhat, perhaps by ADVERTISING or through small differences in design. These small differences form BARRIERS TO ENTRY. As a result, firms can earn some excess profits, although not as much as a pure monopoly, without a new entrant being able to reduce PRICES through COMPETITION. Prices are higher and OUTPUT lower than under perfect competition.

Monopoly
When the production of a good or service with no close substitutes is carried out by a single firm with the MARKET POWER to decide the PRICE of its OUTPUT. Contrast with PERFECT COMPETITION, in which no single firm can affect the price of what it produces. Typically, a monopoly will produce less, at a higher price, than would be the case for the entire market under perfect competition. It decides its price by calculating the quantity of output at which its MARGINAL revenue would equal its marginal cost, and then sets whatever price would enable it to sell exactly that quantity.

In practice, few monopolies are absolute, and their power to set prices or limit SUPPLY is constrained by some actual or potential near-competitors (see MONOPOLISTIC COMPETITION). An extreme case of this occurs when a single firm dominates a market but has no pricing power because it is in a CONTESTABLE MARKET; that is if it does not operate efficiently, a more efficient rival firm will take its entire market away. ANTITRUST policy can curb monopoly power by encouraging COMPETITION or, when there is a NATURAL MONOPOLY and thus competition would be inefficient, through REGULATION of prices. Furthermore, the mere possibility of ­antitrust action may encourage a monopoly to self-regulate its behaviour, simply to avoid the trouble an investigation would bring.

Monopsony
A market dominated by a single buyer. A monopsonist has the MARKET POWER to set the PRICE of whatever it is buying (from raw materials to LABOUR). Under PERFECT COMPETITION, by contrast, no individual buyer is big enough to affect the market price of anything.

Economics Market Failure Notes

Market failure has become an increasingly important topic for students at A level .There is a clear economic case for government intervention in markets where some form of market failure is taking place. Government can justify this by saying that intervention is in the public interest. Basically market failure occurs when markets do not bring about economic efficiency.

Government intervention occurs when markets are not working optimally i.e. there is a Pareto sub-optimal allocation of resources in a market/industry. In simple terms, the market may not always allocate scarce resources efficiently in a way that achieves the highest total social welfare.

EXAMPLES OF POTENTIAL MARKET FAILURE

There are plenty of reasons why the normal operation of market forces may not lead to economic efficiency.

Public Goods

Public Goods not provided by the free market because of their two main characteristics

Non-excludability where it is not possible to provide a good or service to one person without it thereby being available for others to enjoy
Non-rivalry where the consumption of a good or service by one person will not prevent others from enjoying it
Examples: Street lighting / Lighthouse Protection, Police services, Air defence systems, Roads / motorways, Terrestrial television, Flood defence systems, Public parks & beaches

Because of their nature the private sector is unlikely to be willing and able to provide public goods. The government therefore provides them for collective consumption and finances them through general taxation.

Merit Goods

Merit Goods are those goods and services that the government feels that people left to themselves will under-consume and which therefore ought to be subsidised or provided free at the point of use.

Both the public and private sector of the economy can provide merit goods & services. Consumption of merit goods is thought to generate positive externality effects where the social benefit from consumption exceeds the private benefit.

Examples: Health services, Education, Work Training, Public Libraries, Citizen's Advice, Inoculations

Monopoly

Few modern markets meet the stringent conditions required for a perfectly competitive market. The existence of monopoly power is often thought to create the potential for market failure and a need for intervention to correct for some of the welfare consequences of monopoly power.

The classical economic case against monopoly is that

Price is higher and output is lower under monopoly than in a competitive market
This causes a net economic welfare loss of both consumer and producer surplus
Price > marginal cost - leading to allocative inefficiency and a pareto sub-optimal equilibrium.
Rent seeking behaviour by the monopolist might add to the standard costs of monopoly. This includes high (possibly excessive) amounts of spending on persuasive advertising and marketing.
Libenstein's X-inefficiency may also result if the monopolist allows cost efficiency to drop. An upward drift in costs because of a lack of effective competition in the market-place can lead to consumers facing higher prices and a reduction in their real standard of living
Externalities

Any exam question on market failure must make some reference to externalities. What are the potential market failures arising from externalities?

The social optimum output or level of consumption diverges from the private optimum.

Main problem is the absence of clearly defined property rights for those agents operating in the market. When property rights are not clearly defined, market failure is likely because producers & consumers may not be held to account

Don't forget that positive externalities can also justify intervention if goods are under-consumed (social benefit > private benefit)

Inequality

Market failure can also be caused by the existence of inequality throughout the economy. Wide differences in income and wealth between different groups within our economy leads to a wide gap in living standards between affluent households and those experiencing poverty. Society may come to the view that too much inequality is unacceptable or undesirable.

Note here that value judgements come into play whenever we discuss the distribution of income and wealth in society. The government may decide to intervene to reduce inequality through changes to the tax and benefits system and also specific policies such as the national minimum wage

GOVERNMENT INTERVENTION AND MARKET FAILURE

Government intervention may seek to correct for the distortions created by market failure and to improve the efficiency in the way that markets operate

Pollution taxes to correct for externalities
Taxation of monopoly profits (the Windfall Tax)
Regulation of oligopolies/cartel behaviour
Direct provision of public goods (defence)
Policies to introduce competition into markets (de-regulation)
Price controls for the recently privatised utilities


http://tutor2u.net/economics/content/topics/marketfail/market_failure.htm

Public Utility

A firm providing essential services to the public, such as water, electricity and postal services, usually involving elements of NATURAL MONOPOLY. Food is essential, but because it is provided in a competitive market, food SUPPLY is not usually regarded as a public utility. Because public utilities have some MONOPOLY power, they are typically subject to some REGULATION by GOVERNMENT, such as PRICE controls and perhaps an obligation to provide their services to everybody, even to those who cannot afford to pay a market price (the universal service obligation). Public utilities are often owned by the state, although this has become less common as a result of PRIVATISATION.

http://www.economist.com/research/Economics/

Sunday, November 16, 2008

Love v Want

Recall a part of the Korean series which mentioning about Love v Want.

Do you know if your desire of a person is Love or Want?
Do you love him/her or do you just wanna owed him/her?

Love is about giving all you can for this person, trying to protect him/her from any harm, always thinking about his/her needs.

Want is, just thinking..I MUST HAVE HIM/HER, I don't care!!! Its about wanting to own that person, i.e. to say, its about what you want to gain from that person and not giving to that person.

So Love and Want is the total opposite.
Today someone told me he love me.
Its not the first time.
But in fact, he didn't realise that he doesn't love me. He just wants to own me.

So think twice when approaching someone who caught your eyes.
Is it Love or Want.
Love is self-sacrificing..like our Lord Jesus Christ.
Want is selfish.

So next time before you say "I LOVE U."
Think twice, do you mean "I Love U" or "I Want U"

My love so far is "I LOVE U."
Loving someone is the happiest thing, but also very exhausting..becuz its about giving your all to him, trying to protect him and foresee any problem which will araise, how to prevent those those problems so that he can have less burden. But of cuz, I will still leave the bigger task for him to handle becuz he is the MAN. hee..

Well..anyway, that's why..I have chosen to withdraw myself from this stage for the time being..esp not at my exam weeks (which is this entire week and next week)..

I really feel like hanging the DO NOT DISTURD sign up..
Hopefully that guy who claimed that he loves me, will stop DISTURD me during this period of time. I really need my time to Focus on my exam.

So if he really love me, he should be considerate and not bother me with this 'thing' at this point of time, esp when I already told him.

Kindly pray for me friends that I will pass all my subjects for this coming exam and score well..

Gambatte everyone!!!

Saturday, November 15, 2008

Previous posts

I realised that there are some people who are still visiting my previous blog, so I left a note there for them to proceed here if they are interested to read my latest posting.

Similarly, if you have never been to my previous blog where my sketches of life begin, feel free to visit, http://angelsketchbook.blogspot.com/
But you will see a different me in the past.
What you see now in this blog is the new happy me who has moved on and enjoying the most of life right now..

Cheers:)

Have a wonderful weekend everyone!
Angel

The cat's fault!!!


I came back from my revision at McDonalds..
went into my room..and AHhhhhhhhhhhh......
WHO DID THIS???? SOMEONE MUST HAVE ENTERED MY ROOM WHEN I WAS OUT!!!
WHO????

Picking up the broken pieces of my elder brother's KENNY...
OH DEAR...it surely will not be broken if no one enters into my room...
Who? Who? Who?

My sister then owned up saying..."Its me! I enter into your room...
but NOT me..Someone else did it...Its my 'son' TIMMY!!!"
Timmy is my sister's cat..Ah..............

Tomorrow when elder brother comes home with our little princess I have to tell him..that his favour cat broken his KENNY..

:( "Its the cat's fault!"

"Happy Birthday Lutfi!!"

Was intending to write this yesterday but was too tired!!!

Yesterday was Lutfi, my buddy's birthday..
I told him, "let's take a break from revision, and go for a short and quick birthday celebration."
And he agreed.

Well, since it was his birthday, I let him chose where he wants to go, what he wants to eat. And so, we agreed to go to Vivo which is near his place for his birthday treat from me.

We ended up at Pacific cafe the place where Joyce introduce me before..And this time round, we managed to get the seat on the swing..hee..finally!!!

I ordered ice-cream, hot chocolate paradise for him as requested by this birthday boy. And I ordered chocolate cheese cake, Apple Crumble and coffee for myself..

Tho we agreed no studying yesterday..we can't help to talk about cases on Biz law and econs hee...

Well..its a nice short break from our study for a while..esp with nice scenary..this ease the tension that we have.

We were also thinking what to get for his gf for her birthday when she is back on her birthday to Singapore...At the end..no conclusion..hee..will leave it to him to surprise her lah..

So..that ends the Friday evening..as Lutfi went home to have his birthday 'celebration' with his family.

Conclusion: A short break at times of tension is good.... smile :O))

Today is Sat, just woke up from strange dream about 'Last Economic's revision Class'. Going for my facial treatment later and thereafter back to my revision probably somewhere nearby...

Haiz..that's how I am going to live my life for at least 3 years...
Already missing all those times with friends..and churchmates..and serving in church..
Just have to endure till this degree course is over..

As for now..I can't wait for exam to be over..hahaha..