Summary of the Bill (please READ the online document for clarification, I might summarized it incorrectly):

1. It applies to commercial email, commercial SMS/MMS
2. It doesn’t apply to telemarketers
3. unsubscribe request is effective maximum 10 business days after the submission of the unsubscribe request
4. It applies if the SPAM committed in Singapore (sender/organization is physically reside in Singapore)
5. sending email to addresses obtained by harvesting email address in the internet is ILLEGAL
6. Buying email address list obtained by harvesting email address in the internet is also ILLEGAL
7. The damage is not to exceed SGD$25 per message, and not to exceed SGD$1 Million in total, unless the plaintiff able to show that the SPAM has caused damage more than SGD$1 Million

So in order not violating the SPAM law, the email/SMS/MMS should:

1. for email, the subject must started with “<ADV>”
2. Must have unsubscribe facility

Hopefully this article helps, If you are going to send any commercial (please refer to the document, the description is quite long) message, please make sure you are not violating the law.

PS: Hmm… although it sounds like I’m advocating the spammers, I’m not. I hate spammers.

Since frequently visited Warnet (Warung Internet) or Internet Rental on my secondary school time, i always wanted to open my own. Recently i had discussion with my friend-he’s a good businessman, with good entrepreneurial instinct- about opening business venture in Indonesia. When i mentioned Warnet, he quickly rebuked my idea saying that he already had a discussion and calculation, which concluded that the particular business idea is having very small ROI with a huge TCO. Unfortunately, that time i couldn’t make my argument since i never actually research the ROI and TCO of that business model.

So hopefully for the next few days i’ll carefully research this topic.

Maybe today i’ll try to write about TCO (Total Cost of Ownership)

Initial costs cover the costs to start the business. These costs are:

• leasing the building
• buying new hardwares and softwares
• revamping the building
• buying furnitures
• initial advertising.

[/excerpt]
Operational costs cover the costs to run day to day business. These costs are:

• Electricity
• Maintenance
• Salary
• Security

Hmm.. while i was pondering about the idea, i went to Wikipedia, realizing that i have so many things to read about corporate finance

I wish i can just download them into my brain like Neo did