Business and Money Tips

Further to my article on 8 April 2020 on the 5 things that will change forever once the COVID-19 Pandemic is over, there are further 5 things that will also change: Airfares for most travellers will be more expensive, simply because there will be fewer airlines still around.  As air travel has declined by 90% worldwide since March 2020, many of the smaller airlines will go bust.  With lesser supply, plus lesser demand from business class as most corporate people will get used to video and online meetings, fare for the economy class has to rise to make up for the difference.  We all know that business class seats are subsidising economy class, so with lesser class demand, economy class fares will shoot up Cost of maintenance for everything will go up : from simple cleaning to disinfecting, from social distancing to non-stop cleaning, from the common use of masks to high usage of water, expect to see at least an increase of 20% to 40% in your maintenance cost, incl...

With the lockdown from COVID-19, it is very obvious to see the good quality people from the bad ones. B PEOPLE - DO NOTHING Those that treat the lockdown of no need to work and still get paid (although less, but it is okay because of no need to work) from their employer and in Singapore, from the Singapore government (each person gets $600 cash on 18 April 2020) as a pure holiday.  Actually, since January 2020, the whole economy is very slow and their work was already much less as compared to 2019. But nevertheless, they treat this as their well-deserved holiday.  They may stay at home and get entertained the whole day from the many free channels offered by Starhub and Singtel.  Some stay at home and get glued to COVID-19 news and videos, busy forwarding such news to people on WhatsApp and social media a few times an hour.  They know that 99.9% of such news are fake, but they are good news and they feel that by forwarding such news to people they are savin...

(Read the update at here) Looking at what happened to China's Hebei province and Wuhan city now, there are 5 things in the world that will change forever when the COVID--19 lockdown is over: People get used to working and living online for everything : shopping, banking, groceries, tuition, training, seminars, office meetings, networking, social meeting and even dating. In future asking people to come out for your physical seminars,  meetings or events will be more difficult.  But the good news is that your reach is wider now as you can reach out to many people outside your country or territory via online. For example in my company, we used to conduct 4 physical seminars a week at our shop at Fu Lu Shou Complex. During the lockdown period, we hold almost daily online seminars via Zoom and Facebook Live.  Our audience now includes people from KL, Penang, East Malaysia, Taiwan and even New Zealand.   Working from home is more common, with any companies slas...