For my own opinion, I feel that this is a very good movie which potrays the everyday life of an average Singaporean, a very true-blue Singaporean movie. The actors and actresses are quite natural too, as they're basically acting their own characters in true life.
I don't think this movie degrades Singaporeans in any way, instead, it made us realise that we are just as kiasu(scared to lose), as greedy, as lavishing as the characters potrayed.
The theme of this movie is a good one. It's about 3 Singaporean men, an office worker, a renovation contractor, and a coffee-shop assistant. The office worker Keong, starred by Jack Neo, spends more on what he earned each month buying on luxuries and stocks. One day he resigned from his job as he was discriminated by his boss, and he lost alot of money from his stocks too. In the end, he had to part with every of his luxury items and waiting to be sued by the bank. The contractor Ong, starred by Mark Lee, borrowed money from a loanshark to import imitation tiles from Taiwan .In the end he got cheated, and had to hide from the loanshark in Johor Bahru(Malaysia). The coffeeshop assistant, starred by Henry Thia, is perhaps the most honest but funny character. Without him, the movie will be boring. He fancied a girl who patronised the coffeeshop, and bought a large antique handphone because he thought he can woo the girl with a handphone. Because of his lusty mind, he even visited a prostitute but don't have the courage to have sex!
I hope that the Jack Team Productios will make more of such movies in the near future. It's certainly a great production with a smack of true Singaporean languages like Singlish, Hokkien, Mandarin, etc. You can't watch any show with these contents on TV as dialect programmes are banned from showing on public TV channels.
Jack Neo, keep up the good works!