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Archive for 2017|Yearly archive page

This fan should join Ravi in Woodbridge

In Uncategorized on 20/08/2017 at 2:05 pm

M Ravi has a fanboy Gilbert Louis who hates Dominic Joseph Thomson who was trying really hard to helpRavi cope. 

This is what Dominic Joseph Thomson posted on FB

ALTHOUGH HE HAS ON OCCASION EXHIBITED STRANGE ANTICS M RAVI IS NOT KNOWN TO BE A VIOLENT PERSON. HE HAS ALWAYS REPRESENTED HIS CLIENTS TO THE BEST OF HIS ABILITIES.

HIS BEHAVIOUR RECENTLY CAN ONLY BE FROM SOMEONE TAINTING HIS FOOD AND DRINKS. SOMEONE THAT IS CLOSE TO HIM AND OFTEN EATS AND DRINKS WITH HIM.

THAT SOMEONE IS DOMINIC JOSEPH THOMSON WHO IS NOW ATTACKING ME ON HIS TIMELINE. HE HAS BLOCKED ME SO THAT I AM UNABLE TO REPLY TO HIS FRIVOLOUS ACCUSATIONS.

MY SUSPICIONS ARE NOW CONFIRMED. THE ISD HAVE MANY WAYS TO DISCREDIT AN OPPONENT AND THEY HAVE RUTHLESSLY POISONED RAVI AS THEY DID TO ME DURING MY INCARCERATION.

PLEASE HAVE FAITH IN RAVI. HIS RECENT ACTIONS ARE NOT A TRUE REPRESENTATION OF HIMSELF. HIS CLOSE FRIENDS ARE PERPLEXED BY HIS CONFRONTATIONAL ATTITUDE.

Yes, if u go read Gilbert Louis’s FB wall, he really did make such accusations.

 And Gilbert Louis has a criminal record for assaulting his wife’s lawyer. His wife wanted a divorce but he claimed that the lawyer instigated the divorce. He was jailed for six years.

Go to tech city: No masterplans or highly paid technocrats

In China, Hong Kong on 20/08/2017 at 6:23 am

It juz has smart entrepreneurs that want to make money.

A few days later than promised because the temptation to pour scorn on Hali’s BS was too great. I had promised to talk about a place that even Silicon Valley envied; a place that grew without master plans drawn up by highly paid “technocrats”.

The “predominant epicenter of high-tech design and manufacturing in the world” is Shenzhen http://www.bbc.com/capital/gallery/20170809-inside-chinas-skyscraper-capital Shenzhen shows how a high-tech hub can develop without master plans or MNCs . It was a low-cost manufacturing centre for HK businesses that juz kept on moving up market without master plans being drawn up by bureaucrats. Granted its economic zone status was granted by fiat but then HK and S’pore were similarly kick started.

Shenzhen has risen to become the predominant epicenter of high-tech design and manufacturing in the world. Variously called the “world’s factory,” “the new Silicon Valley,” and the “maker’s dream city,” Shenzhen has a complete ecosystem that contains everything needed for all stages of electronics production all in one place. This has turned the city into a staging ground for large high-tech companies, rising startups, and independent innovators from all over the world looking to get their stuff made as efficiently as possible. Tech giants like Huawei, ZTE , and Tencent all got their starts here, and many more companies seem to be on the way up.

https://www.forbes.com/sites/wadeshepard/2016/07/14/a-look-inside-shenzhens-high-tech-empire/

And Shenzhen’s growth has benefited HK which despite its political problems outperforms S’pore. Once Shenzhen provided HK manufacturers with low-cost facilities, now Shenzhen’s manufacturers use HK to provide services like finance, insurance etc.

 

GIC into margarine? And teaming up with Jack Ma?

In GIC, Private Equity on 19/08/2017 at 1:24 pm

FT reported on Friday that on Thursday, KKR, the giant US buyout firm, and GIC were reportedly coming together to pursue a £6bn bid for Unilever’s spreads business which includes brands such as Flora and I Can’t Believe It’s Not Butter. “KKR and Unilever declined to comment. GIC didn’t respond to a request for comment.”

Unilever wants to sell its spread business to focus on foods products with better margins.

Other private equity groups are planning to bid but I’m sure that TRE cybernuts will say that this is another bad move.

Then there’s a deal involving Jack Ma.

Yunfeng Financial Group backed by Alibaba billionaire Jack Ma (via Ant group), agreed to buy the Asian unit of Massachusetts Mutual Life Insurance Co which offers death benefits and annuities.

The buyer will pay HK$13 billion (US$1.7 billion) for Hong Kong-based MassMutual Asia Ltd, with about 60 per cent of that sum in cash, and the rest in Yunfeng stock, the seller said on Thursday in a statement. GIC and Ma’s Ant group are also buying into the deal.

Wah really rich people get special protection

In Uncategorized on 19/08/2017 at 5:04 am

They richer isit? Must get more protection isit?

Guess where Hitachi conducted its tests

Hitachi Asia has completed its first tests for the urban safety and security solutions it is developing in Singapore, which involves technology that can detect intruders at sea as well as unattended items at a crowded station concourse.
Read more at http://www.channelnewsasia.com/news/singapore/new-tech-tested-at-sentosa-can-spot-unattended-objects-intruders-9135128

Sentosa.

Trying to keep up the property values at Sentosa isit?

Seriously shouldn’t these tests be done at military installations or public transport depots or MRT stations or the airport? Anywhere but the the home of the really rich locals and FTs. Remember FTs can buy freehold land there without permission.

 

More on Hali’s judgement between 2007 -2011/ Meritocracy? What meritocracy?

In Uncategorized on 18/08/2017 at 10:07 am

Further to this about Hali’s judgment as SMRT non-executive director in not being aware of MRT problems that ordinary S’poreans were aware of, there’s more about her judgement (or rather lack of it) during her spell as SMRT director and a senior NTUC leader.

She really showed bad judgement because it concerned SMRT’s labour relations.

I wrote this in 2012 about Ong Ye Kung, but it applies to Halimah too given that labour problems don’t just happen overnight. They fester over time. And she should have known about the labour tensions in SMRT given that  she was Deputy Secretary General, Director of the Legal Services Department and Director of the Women’s Development Secretariat.

Earlier this year, SMRT’s S’porean drivers made known publicly their unhappiness over pay proposals that had his endorsement as Executive Secretary of NTWU (Nation Transport Workers’ Union). As he was also a non-executive director of SMRT, if he were an investment banker, a US judge would have rebuked and censured him for his multiple, conflicting roles.

Then he resigned, effective last month, from NTUC to “join the private sector”.

In perhaps a farewell, good-riddance gesture, FT PRC workers went on strike (illegally) and we learnt:

— they lived in sub-standard accommodation (SMRT admitted this);

— unlike most SBS FT PRC drivers, most of SMRT’s PRC drivers were not union members; and

— Ministry of Manpower reprimanded SMRT for its HR practices.

All this reflects badly on Ong: NTUC’s Deputy Secretary-General,  Executive-Secretary of NTWU and SMRT non-executive director. And on the system that allowed him to rise to the top. After all his ex-boss said the following reported on Friday, which given Ong’s multiple roles in SMRT, can reasonably be interpreted as criticism of Ong:

In his first comments on the illegal strike, which saw 171 workers protesting over salary increases and living conditions, the Secretary-General of the National Trades Union Congress (NTUC) said the labour dispute “shouldn’t have happened” and “could have been avoided”. [So where was Ong: looking at his monthly CPF statements and being happy?]

NTUC is thus reaching out to SMRT’s management to persuade them “to adopt a more enlightened approach to embrace the union as a partner”, he added. [Hello, NTUC’s Deputy Secretary-General was on SMRT’s board, so what waz he doing?]

Mr Lim, who was speaking to reporters on the sidelines of the Labour Movement Workplan Seminar, cited the example of SMRT’s rival SBS Transit where nine in 10 of its China bus drivers are union members. Only one in 10 of SMRT’s China bus drivers are union members, according to union sources. [So, why didn’t Ong advise SMRT to help unionise these FTs, and if he did, why didn’t NTUC push harder ehen SMRT refused?]

SBS Transit’s management “recognised the constructive role of the union”, while union leaders “played the role of looking after the interests of the drivers”, said Mr Lim.

“And as a result … they work very closely as one team, it’s a win-win outcome. In terms of how workers are being treated and respected, how management are responsive, how they work together, I think it’s a kind of model that we ought to see more and more in Singapore.” (Today)

Judgment? What judgment?

Coming back to Ong. Given he’s failed at NTUC as Zorro Lim implied above, he’s now said to be a possible PM?

And NTUC is not the only place he failed. He failed here too:

Ong was the Chief Executive of the Singapore Workforce Development Agency from 2005 to 2008. There, he spearheaded many initiatives to build up the Continuing Education and Training infrastructure for Singapore, and made training accessible to the individual worker, including contract workers and the unemployed.

Wikipedia entry

Surely he must share a lot of the blame for the low productivity of S’pore’s work force?

Meritocracy? What meritocracy?

Related: Meritocratic hubris/ Who defines “meritocracy”

How Trump can keep America safe from Islamic terrorists

In Uncategorized on 18/08/2017 at 4:49 am

The latest Barcelona tragedy reminded me of a piece I wrote sometime back. Given the problems he’s having with the progressive US media and the sore losers who love Hilary,he can play to his base:”Keep America Safe. Ban Muslims from driving”. He can quote the examples in my piece to show that allowing Muslims to drive presents a clear and present danger to Americans.

Ban Muslims from driving?

The kind of jihadist attack in London that happened in London two days ago is called the “marauding” method of terror attack was similar to attacks carried out by Islamists last year in France and Germany. It involves using a vehicle to mow people down in a crowded area.

And the BBC reported on 23 March that a French national of North African origin has been arrested in the Belgian city of Antwerp on suspicion of driving at a crowd, officials say.

Seriously, since SAF is careful on where Muslims are deployed with the SAF, it follows that our bus operators and owners of trucks and other heavy eqpt should be careful about employing Muslims to drive these vehicles.

Of course people like Kirsten Han and other ang moh tua kees will scream discrimination but better safe than sorry. And anyway, the next president is going to be Muslim. So discrimination? What discrimination?

OK, OK, the next president will be a Malay because under our constitution there is no requirement a Malay must be Muslim (unlike in M’sia). Hey but none of the probable candidates are non-Muslim Malays. And anyway, whatever the con says, the Malay community sees Islam as the religion of the Malays.

Actually I can add to the last para that all the “Malays” who want to stand as president all have Indian blood. And only one has i/c saying “Malay” and he isn’t the chosen one. Her i/c says”Indian’.

Where was Hali’s judgement between 2007 and 2011?

In Infrastructure on 17/08/2017 at 2:42 pm

AWOL? MIA? Looking at her monthly CPF and bank statements?

The  constructive, nation-building media repoeted that the presumptive Madam President said making a decision to unlock the nation’s reserves is not just based on numbers but involves exercising judgment gleaned from years of experience in policymaking. (Here’s what Chris K says about the lack of discretion that any president has.)

Well between 2007 and 2011, where was her judgement when she was a non-executive director of SMRT?

I mean it wasn’t only the cybernuts in TRELand who were pointing out the problems that SMRT was not owning up to such as overcrowding and a lack of maintenance. Luckily for the PAP and PM, it was only after GE and PE 2011 that the wheels came off the trains, the signal lights failed, and the power supply failed, something predicted by many S’poreans.

Where was her judgement then? Presumably that management not the users of the MRT system were correct that everything was fine?

 

While PM rows with siblings and tweaks presidency (cont’d)

In Uncategorized on 17/08/2017 at 10:20 am

Peenoys stealing our lunch and dinner

The Philippine economy is one of the peppiest in South-East Asia. Last year it expanded by 6.8%, overtaking those of Singapore and Malaysia in size. The World Bank expects it to grow at a similar pace this year and next.

https://www.economist.com/news/asia/21726315-when-it-comes-jobs-and-investment-rodrigo-duterte-more-reformer-wrecker-philippine

Financial paradox

In Uncategorized on 17/08/2017 at 7:51 am

Joseph Conrad

“The world of finance is a mysterious world in which, incredible as the fact may appear, evaporation precedes liquidation.”
–from VICTORY: An Island Tale (1915)

PM, this is real economic growth

In Economy on 16/08/2017 at 11:06 am

On a year on year measure, GDP rose 3.8 per cent – above a 3.3 per cent forecast – and a moderation from the 4.3 per cent year on year registered at the start of the year. The first quarter expansion was Hong Kong’s best since 2011.

FT

Now our constructive, nation-building media reports that for S’pore

the year-on-year growth number of 2.9 per cent for the second quarter could be the economy’s strongest showing this year, given MTI’s expectation for 2017 growth to come in at 2.5 per cent. This means that the economy will likely see an average growth of about 2.3 per cent of the second half of the year after having expanded 2.7 per cent over the first two quarters.

Read more at http://www.channelnewsasia.com/news/business/better-gdp-growth-for-singapore-in-2017-but-watch-out-for-9114588

Btw, HK revised its full-year GDP forecast from a range of 2-3 per cent to 3-4 per cent in 2017. So 2.3% iGDP growth is “peanuts”.

While PM was bawling and brawling with his siblings in a muddy playpen and ensuring that we have a Malay president whose i/c says “Indian”, HK’s economy, despite all its internal political problems (shumething we don’t have since we are a defacto one party state under Lee) is powering ahead.

When talking on “Indian” is “Malay” I wrote something that helps explain, partially, why we are growing at only the average first world standard, not more, unlike HK:

Whatever, how can S’pore be creative, let alone progress if the ruling party in a defacto one-party state refuses to change its mind on policies that no longer work or never worked in the first place?

Take the economy where the PAP

— continues to see welfare** as a bad thing except when it needs to buy votes, and

— believes that FTs are needed to keep the economy growing.

No wonder we have had restructuring plans galore (Once every decade it seems),

Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back

John Maynard Keynes

Tomorrow, I’ll tell of an Asian city (not HK) that has no high-paid ministers or bureucrats mindlessly churning out restructuring master plans but which is a place that even Silicon Valley respects albeit grudgingly.

Temasek makes money on Snap

In Temasek on 16/08/2017 at 6:14 am

Something alternative media will not tell u about. To be fair neither will the subversives working in ST.

FT reported that filings showed Temasek sold Snap 300,000 shares valued at US$6.76m. This works out to US$22.33 a share. Snap sold shares at its initial public offering in March at $17 apiece and at that price was worth US$24bn. This was more than a pre-IPO valuation in the second half of 2016 of US$20bn, when it raised US$1.8bn in a Series F round.

Of course the amounts involved are “peanuts” but every little “peanut” counts.

Btw, Snap shares have collapsed to around US$12.

Drinking good wine

In Uncategorized on 15/08/2017 at 5:02 pm

The Mail  …reports that the way to make wine taste better is to put a high price tag on it, after volunteers who tasted the same wine with different price labels said the one thought to be most expensive tasted the best.

BBC

When a ceremonial president goes “rogue”

In Political governance, Public Administration on 15/08/2017 at 7:18 am

Nothing much any government can do if it wants to avoid a public row.

This piece tries to explain why die die PAP must get the president PAP wants. And why even then there can be problems. Remember our first elected president?

A look at the relations between India’s ceremonial president (He is the head of the state, and is required by the constitution to act on the advice of ministers) and the governments of the day show how difficult it is to control a president who goes “rogue” ie refuses to act on the advice of ministers even when the constitution says he must.

Our president is more than a ceremonial figure. He is supposed to be a figurehead with some chief jaga duties primarily centred around protecting our reserves. It’s a mixture of ceremonial and custodial functions, thanks to one Harry Lee.

The ceremonial role aspect of our president, a figurehead, is based on the Indian model: he is the head of the state, and is required by the constitution to act on the advice of ministers.

An Indian president is supposedly

a mere figurehead who, in the words of former prime minister Jawaharlal Nehru, is a “head that neither reigns nor governs”, and holds a position of “authority or dignity” more than anything else?

http://www.bbc.com/news/world-asia-india-40772945

But as a BBC article tells us http://www.bbc.com/news/world-asia-india-40772945, the so- called “figurehead” can cause the govt of the day a lot of problems.

The seventh president, Giani Zail Singh … had a stormy relationship with the then prime minister Rajiv Gandhi.

In 1987, he withheld assent from a controversial bill passed by the parliament. (The bill was later withdrawn.) There were reports that Mr Singh, who died in 1994 , had even considered sacking Mr Gandhi’s government over an arms purchasing scandal.

The ninth incumbent Shankar Dayal Sharma returned two executive orders to the cabinet in 1996 because they had been “inappropriately” issued before a general election.

And his successor, KR Narayanan, a London School of Economics-educated former diplomat and Dalit (formerly known as “untouchable”), was arguably one of India’s most assertive presidents. He delivered speeches which many believed were not vetted by the government and, in a surprising break from protocol, even gave an interview to a senior journalist.

Mr Narayanan also sent back a proposal to impose direct rule in the northern state of Uttar Pradesh to the cabinet, asking the ministers to reconsider it. He bluntly said: “I am not a rubber stamp.”

And he angered many in the government and the media for chiding visiting US president Bill Clinton at a state banquet, provoking the New York Times to comment that “the tensions inherent in forging an Indian-American friendship surfaced with Mr Narayanan’s speech”.

Then there was the previous president

Prof Manor believes Mr Kovind’s predecessor, Pranab Mukherjee, a veteran Congress party leader and a former senior minister, was “more assertive than nearly all previous presidents”.

Although he rejected a record 28 mercy pleas of death row convicts during his tenure, Mr Mukherjee defied the advice of the government and commuted the death sentences of four convicts in January.

“Mr Mukherjee had the right to refer those cases back to ministers for reconsideration once, but when they reiterated the advice, he is required to accept it. He refused to do so,” explains Prof Manor.

“That was potentially explosive politically, and might have led to a constitutional crisis. But the prime minister and cabinet apparently decided not to make an issue of it – because Mr Mukherjee’s term was soon to end, and because a confrontation would have prevented them from doing other important things.”

So one can understand why the ruling party in a de facto one-party state wants to ensure that the presidency is held by someone who will not go “rogue”, especially given that the job has chief jaga duties.  Remember Ong Teng Cheong?

And just to make sure after the rows with Ong, the chief  jaga can be over-ridden: If the President goes against the advice of the majority of the Council of Presidential Advisers and exercises his veto power, Parliament can override such a veto with a two-thirds majority.

——————————————

Ownself check ownself check ownself: Paradox of the PAP presidency.

——————————————

Whatever, there’s something the PAP cannot avoid: a “rogue” president has the power to publicise via the alternative, new or social media his views when he rows with the PAP administration. So all the more important to make sure kaki lung gets in.

Coming back to Harry Lee who devised the system. He wanted to fix a non-PAP government but ended up tying the PAP administration in knots. The latest twist is a Malay president whose i/c says “Indian”.

Even if she’s really a Malay. 

Oh what a tanled web we weave …

The Bank that made Trump Great Again

In Banks on 14/08/2017 at 2:30 pm

It lent him money when American banks refused to take his calls. But he then sued the bank: ungrateful.

From NYT Dealbook

By Amie Tsang
Few major financial institutions have been willing to lend to Donald J. Trump over the years. But during his victorious presidential campaign, he pointed to one that had done plenty of business with him: Deutsche Bank.
Now that relationship has come under scrutiny.
Regulators are reviewing hundreds of millions of dollars in loans made to Mr. Trump’s businesses through Deutsche Bank’s private wealth management unit, The New York Times reported, citing three people briefed on the review. The regulators are examining whether the loans might expose the banks to heightened risks.
New York regulators have paid particular attention to personal guarantees Mr. Trump made to obtain the loans.
There is no formal investigation of the bank, and personal guarantees are often required for big loans from wealth managers. The regulators are focused on whether these guarantees could create problems for Deutsche Bank should Mr. Trump fail to pay his debts, leaving it with a choice of suing him or risking being seen to have cut him a special deal. The concern is not hypothetical: Mr. Trump sued the bank to delay paying back an earlier loan.
Separately, Deutsche Bank has been in contact with federal investigators, and it is likely eventually to have to provide information on the Trump accounts to the special counsel in the Russia inquiry, Robert S. Mueller III.
Mr. Trump’s 20-year relationship with the bank is complicated, involving more than $4 billion in loan commitments and potential bond offerings, most of them completed. Despite the risks involved, working with Mr. Trump has made Deutsche Bank money, according to people with knowledge of the details.

“Whoever scandalises our judges will be hunted down …”

In Public Administration on 14/08/2017 at 4:51 am

A top grossing Chinese film Wolf Warrior 2 http://www.bbc.com/news/blogs-china-blog-40811952 has the tagline “whoever offends China will be hunted down wherever they are”.

Seeing the way the AGC is pursuing a case against a über White Horse, without fear or favour, I tot “Whoever scandalises our judges will be hunted down wherever and whoever they are”

———————————

The Attorney-General’s Chambers (AGC) filed an application in the High Court on Friday (Aug 4), to start committal proceedings against Mr Li Shengwu for contempt of court.

This was after Mr Li failed to take down a Facebook post which he put up on Jul 15, criticising the Singapore court system.

Read more at http://www.channelnewsasia.com/news/singapore/agc-takes-action-against-li-shengwu-for-contempt-of-court-over-9094174

——————————–

And his auntie still thinks White Horses must have privileges:

It is more than 24 hours since my nephew posted that AGC was incorrect In claiming he did not reply in time and he had proof. AGC and the media was very quick to comment and report earlier on, but are strangely reluctant to correct their mistake.

She omits to tell us that even if he had replied in time, he did not do what AGC asked him to do to purge his contempt.

It demanded that he should delete the post and apologise by July 28th.

Mr Li asked to be allowed to consider the request until August 4th; on that day he tweaked his message, but neither removed it nor said sorry. The attorney-general’s office duly filed an application in the High Court to start proceedings against him.

What would pa and ma think of her misrepresentation of the facts?

Sad.

Btw, Teo Soh Lung, our very own Xena is silent on this and M Ravi’s case. Taking “I love S’pore (PAP version)” pills to celebrate National Day? She’s not KPKBing most probably because she’s mortified as the lady M Ravi is charged for hurting, is a good friend as is M Ravi. “Own friend hurt own friend”.

McDonald’s read Sun Tzu?

In China on 13/08/2017 at 2:56 pm

Supersizing that Big Mac order in China the Sun Tzu way: becoming great in China by reducing ownership of the Chinese biz:

On Tuesday, the $126 billion burger giant said it planned to open 2,000 mainland stores by 2022. That will nearly double its footprint from 2,500 outlets now. That target is up one-third from a previous goal of 1,500 restaurants in five years, a goal that also originally included Hong Kong.

This underlines how the $2.1 billion sale of McDonald’s China business, which was agreed in January and closed last week, was not really a retreat. It now holds one-fifth of the business, which has the rights to run McDonald’s operations in China for 20 years, with the rest owned by Chinese conglomerate CITIC, CITIC’s private equity arm, and U.S. buyout firm Carlyle.

http://www.reuters.com/article/us-mcdonalds-china-breakingviews-idUSKBN1AP0AI

Finally, M Ravi in Woodbridge

In Public Administration on 13/08/2017 at 4:43 am

M Ravi was remanded at the Institute of Mental Health (IMH) for two weeks on Saturday (Aug 12), after being charged over three incidents.

Ravi, 48, was charged on Saturday with two counts of causing public nuisance at Sri Mariamman Temple on Jul 31 and Aug 11 this year, one count of voluntarily causing hurt to lawyer Jeannette Chong-Aruldoss on Aug 8 and one count of causing hurt with a rash act to lawyer Nakoorsha Abdul Kadir on the same day.

Read more at http://www.channelnewsasia.com/news/singapore/m-ravi-charged-with-voluntarily-causing-hurt-causing-public-9117538

When I wrote this about the ang moh tua kees’ mocking S’pore on our National Day for being a safe place, I had tot of citing the example of M Ravi’s one man-crime wave to point out that dissing our authourities on their lenient attitude towards Ravi was a better way of dissing S’pore. And then pointing out that the Guardian can’t because of it biases against the PAP. Sad. Sad.

Whatever, Gotham S’pore is safe. Our very own superhero gone rogue is in our very own Arkham. For those who are wondering, the Elizabeth Arkham Asylum for the Criminally Insane,called Arkham Asylum or juz Arkham is where many of Batman’s opponents are locked up for treatment.

Apple’s cash pile is … / Google got lucky

In Uncategorized on 12/08/2017 at 1:26 pm

Both from NYT’s Dealbook

If Apple’s cash position was a stack of pennies, it would reach almost 25 million miles into space. And would weigh 144 billion pounds.
Zachary Shrier

Co-Founder of Shrier Wealth Management
@zshrier on Twitter


Google missed a bullet

Google Said to Have Floated Offer for Snapchat

By BUSINESS INSIDER

Google floated an offer of at least $30 billion to buy Snap, which currently has a market capitalization of about half that, according to three people inside and close to the company.

Do FX traders know their geography?

In Currencies on 12/08/2017 at 4:48 am

East Asian equity markets (including Tokyo) are weak because of the KPKBing between the two brats, one young, one old. Wonder if Trump sees in Kim his younger self?

But strangely, the yen is seen as a safe haven. like the Swiss franc.

So is Japan not N Korea’s neighbour and seen as an enemy?

Maybe Chris K who has managed capital markets team can explain? Maybe FX traders are the last burrow boys?

“Whoever offends China …”

In Uncategorized on 11/08/2017 at 1:50 pm

A top grossing Chinese film Wolf Warrior 2 http://www.bbc.com/news/blogs-china-blog-40811952 has the tagline “whoever offends China will be hunted down wherever they are”. (Btw, showing here. And I heard Uncle RedBean, Goh Meng Seng and Huang Jing were seen in Red Army uniforms attending a screening.)

Now the report of surface to surface missles from China to be based in Johor:

China will offer Malaysia advanced rocket launchers and a radar system, to be based in Johor, reflecting the widening defence and trade ties between the two countries in the South China Sea region, The Malaysian Insight reported sources as saying on Wednesday (Aug 9).

http://www.todayonline.com/world/asia/china-offer-malaysia-radar-rocket-launchers-based-johor

made me think “Whoever offends China will have Chinese-made rockets aimed at it”.

S’pore has better and longer ranged rocket launchers from u know who. But if this sale goes thru (M’sia denies that it has been offered these rockets), juz like North Korean artillery can target Seoul and destroy it, the Third China can wipe out Raffles Place.

True our rockets can take out KL, but M’sia’s a big place, S’pore is a city that is a state.

Noble is Nut House

In Accounting, Commodities, Corporate governance on 11/08/2017 at 5:38 am

FT reports that Noble turned down a takeover offer from Centricus, a London fund, connected with SoftBank and rich Arabs.

Meanwhile Noble said when unveiling yet more losses yesterday it was continuing to seek a white knight investor.

Money talks. BS walks.

Paper Trump hates analyses effect of Trump on US$ and equity mkt

In Uncategorized on 10/08/2017 at 5:24 pm
From NYT’s Dealbook
By PETER S. GOODMAN
Long the ultimate safe haven in the global economy, the U.S. dollar may be losing some status as investors grapple with an uncertain political climate.

And

 

Financial markets are reaching new highs, and enthusiasm about the business environment appears to be strong: Does that have anything to do with President Trump?
The administration has been unable to pass any meaningful legislation on major campaign promises and its trade agenda has stalled, frustrating steelworkers and others in industries the president vowed to protect.
Mr. Trump’s supporters have pointed to the bevy of executive orders that he has signed and his efforts to roll back regulations.
America’s largest corporations, however, are not citing rollbacks as the reason for their improved results.
“The administration is, at a minimum, telling a one-sided story — it’s a bit disingenuous,” Charles Campbell, managing director at MKM Partners, said about Mr. Trump and his team’s taking credit for the rising stock market.
Mr. Campbell said it is “a little early” for companies to see any direct benefits from Mr. Trump’s deregulation efforts.

From Aug 9 1965/ “HOW NOW SINGAPORE? Revisiting Lee Kuan Yew’s Hard Truths”

In Political economy, Political governance, Public Administration, Uncategorized on 10/08/2017 at 7:12 am

Dr Paul of the SDP has been sharing this quote on FB.

“…Singapore shall forever be a sovereign democratic and independent nation, founded upon the principles of liberty and justice and ever seeking the welfare and happiness of her people in a more just and equal society,” Harry Lee.

Regular readers will know by now that I’m not to fussed about abstract notions (unlike people like Teo Soh Lung and the other ang moh tua kees who join über white horses to pak PAP) about democracy, liberty and justice in S’pore: these are after all juz abstract nouns.

But I care about “welfare and happiness” of S’poreans because S’pore is a wealthy city state that can afford to spend more on S’poreans. It’s the PAP’s failure to spend more of S’poreans’ money on S’poreans that makes me criticise the actions and machinations of the PAP administration, not abstract notions about democracy, liberty and justice. Money talks, BS walks.

Pls read this

HOW NOW SINGAPORE? Revisiting Lee Kuan Yew’s Hard Truths

 August 9, 2017

Tay Kheng Soon

https://www.futureofsingapore.org/single-post/2017/08/09/HOW-NOW-SINGAPORE-Revisiting-Lee-Kuan-Yews-Hard-Truths

Die die ang mohs must find excuse to diss S’pore

In Uncategorized on 09/08/2017 at 1:44 pm

The ang moh tua kees’ favourite newspaper mocks us for our low crime rates on our National Day

Spike in crime: Singapore police investigate toothpicks found in bus seat

https://www.theguardian.com/world/2017/aug/09/singapore-police-toothpicks-bus-seat

Majulah Singapura.

M’sia, not S’pore is the real Third China

In China, Malaysia on 09/08/2017 at 7:08 am

As today is our National Day, I tot readers should read https://www.bloomberg.com/news/articles/2017-07-31/chinese-money-pouring-into-malaysia-could-help-najib-razak-with-votes

Investment in infrastructure is good for Malaysia whether it comes from China or the U.S., according to Xu Bu, China’s ambassador to the Association of Southeast Asian Nations.

“Whoever comes to power that really doesn’t matter,’’ he said in a July interview. “Whoever comes to power in Malaysia, the leaders or the people in Malaysia they need investment.’’

Remember all the Chinese in M’sia: a biggish minority. 

M Ravi: Latest on attack on lady

In Uncategorized on 08/08/2017 at 4:40 pm

The following is being shared widely on FB. Seems Ravi filmed his attack on Ms Chong

Nash AK
1 hr ·
I initially did not want to post anything about this on Facebook but it seems there are people who are determined to twist the facts and cast aspersions on my firm and my colleague, Jeannette Chong-Aruldoss about what happened today morning at my firm. I set out below my personal knowledge of the matter.

At about 10.45 am today, M Ravi and three male thugs appeared at the firm’s door wanting to come in. I informed my staff not to open the door. I spoke to Ravi to ask what he wanted. He said I was being filmed and on FBLive. One of the thugs was indeed holding a camera phone apparently filming me.

Ravi then claimed he is going to sue me and the firm and wanted to serve papers on us. Later, he talked some nonsense including alleging corruption of the firm, AGC, Courts, etc. I told him that he can email me with whatever he needs to convey to us. He demanded I come out and speak to him but I refused. After a short while, he gave up, scolded me in highly colourful language using both English and Tamil vulgarities and left. I then went back into my room.

Within less than a minute, my staff came running to say that Ravi had done something and Jeanette was on the floor in the corridor outside our unit. I immediately went out and saw that indeed, Jeannette was on the floor and all her things were strewn all over the corridor. I saw Ravi standing over her and shouting at her while the three thugs were standing by.

When I walked up to Ravi, he told the thugs to “get him”, referring to me. I spoke to one of them calmly and warned him not to touch me. I assumed he was not stupid enough to assault me in front of another law office, Miranda Law, our neighbours, whose staff were watching the commotion.

When Ravi saw that his thugs did not do anything to me, he got even more agitated and started screaming and shouting incoherently at me, making all sorts of allegations. At one point, he came nose to nose to my face and shouting, clearly expecting an angry reaction from me, so that his three thugs who were surrounding me could do something. I did not react. In between his rants, I told him he should let Jeanette go to the office. I don’t know whether he even heard me. Shortly thereafter, he grabbed what I think was Jeanette’s handbag from the floor and threw it at my face and hit me squarely on the nose. Again, I did not react.

Jeanette then tried to get up and get her things but Ravi tried to stop her and shouted at her, claiming that she was taking his things. I was genuinely afraid he was going to assault her in front me, so I tried to stand between her and Ravi and told him as calmly as I could, to leave.

Ravi continued ranting and raving for another minute or so and finally left. His three thugs were witness to all the happenings and one appeared to be filming everything.

So there.

M Ravi goes really whako

In Uncategorized on 08/08/2017 at 3:02 pm

Lawyer and candidate the General Election 2015 and 2011, Jeannette Chong-Aruldoss posted on FB two hours ago

I was just physically assaulted by M Ravi. He was outside my office with 3 huge guys. I was approaching my office when he came towards me with the 3 guys. Then he spoke to me. I did not want to hear him, so I smiled and attempted to walk away, then he pushed me to the floor. I fell down. Then he took my handbag, briefcase and lunch bag and threw them at me. Then he told the 3 men that I had hit him, which I did not touch him AT ALL. Then he took my shoes and threw them at me. I stayed on the floor because I was shocked at his physical attack. Also because he kept ranting and making accusations, all the while kicking my things which have been strewed all over the corridor (my handbag was unzipped when I let it go when I was pushed to the floor). Eventually people who were walking to the toilet or who come out upon hearing his rants, saw me on on the floor and knew that I was being victimised. So they came and surrounded me and told me not to react to him. I wanted to hit back at him too (who wants to be victimised), but I knew that I could not when he was bigger than me and also had 3 huge men with him. So held my cool until M Ravi decided that he had enough (since now there were third parties around me) and he walked away, hurling remarks at me as he went. I am shaken. This happened 10 mins ago in the corridor outside my office.

More https://www.facebook.com/jeannette.aruldoss/posts/10203549350932205

A police report is expected to be filed

In another incident, WP’s go-to lawyer Peter Low is reported to have filed a report that M Ravi tried to burgle his office.

Looks like he’s on a one man crime wave.

The authorities should juz detain him and zap him with electricity. ECT is proven to work. But then his friends like Ms Teo Soh Lung and s/o JBJ would KPKB that he’s being persecuted.

Legendary Malay hero was really Indian/ Blame Mendaki, not PAP

In Uncategorized on 08/08/2017 at 10:25 am

I came across this FB comment made by someone using a Malay name.

Remember Old Malacca sultanate PM or Bendahara , Bendahara Sri Maharaja Tun Mutahir (died 1510) was a famous Bendahara of the Malaccan Sultanate. He belongs to Tamil Muslim ancestry. He was the seventh Bendahara, a post equivalent to a prime minister. He was accepted as Malay in Malay country!

What he left out about the Indian Bendahara was that he filled court positions with his relatives, and was executed by the Sultan who was suspicious that he was trying to become sultan, hence giving posts to his relatives.

Actually the Malacca Sultanate, the Golden Age of the Malays, was a pretty multiracial place.

Hang Li Po, a supposedly Ming dynasty princess, was the fifth wife of Malaccan Sultan Mansur Shah.

Btw, the poster went on

Tun Mahathir , ex PM and numbers of Indian ancestry ministers and MPs from UMNO accepted as members , a party which only Malay can join!

Why we in Singapore make a big fuss about Malay ancestry of Elected President.In fact how many of Malay people are pure Malay!We are Rojak society , and in us flow many ancestry bloodline before our IC indicate the race MALAY!

If Malaysia, Malay country can accept any Indian ancestry Muslim Malay spoken , especially in Penang, as Malay why can’t our country, Singapore.

Thinking about it why didn’t the PAP simply say Nathan also Malay?

After all PAP MP Zainal Sapari says i/c is irrelevant in deciding whether one is a Malay (Malayness issue post). Actually he may have gone further, allegedly claiming that Mandaki was wrong in using i/c card race classification in deciding whether to extend aid. Sadly he sanitisied his FB thread so we can’t be certain.

——————————-

This is especially because Mendaki’s position is that if i/c doesn’t say “Malay” there’ll be no help for the Muslim supplicant, even if the entire kampung swears that said supplicant is really a Malay.

Malay-Muslim self-help group Yayasan Mendaki has a set of criteria for its financial assistance schemes for students administered on behalf of the Government. Among other things, the recipients “must be of Malay descent” as stated in their identity cards. It spells out a list of what it considers to be “Malay descent”, and this includes 22 ethnicities including Acehnese, Javanese, Boyanese, Sumatran, Sundanese and Bugis. Students with “double-barrelled” race are eligible if the first race is listed on the identity cards as Malay, said a Mendaki spokesman. For example, a student who is Malay-Arab would qualify for the schemes but an Arab-Malay student would not, he added.

(CNA)

Malayness issue post

———————-

If he did, was he aware that the Malay minister responsible for Malay affairs heads Mendaki? Now that guy’s i/c says “Malay”. But a classmate of his says that the story in school (Tanjong Katong Technical School) was that his dad chose “Malay” instead “Arab” because of the goodies. But we know school boys can be mean, and tell lies.

The real reason China snubbed PM over OBOR party?

In China on 07/08/2017 at 1:09 pm

The cybernuts KPKB that PM’s criticism of China’s actions in the South China Sea led to him being excluded from China’s big OBOR party.

Taz not the real reason. China thinks S’pore is the US of A’s running dog par excellence.

——————————————-

MHA said that Prof Huang had co-operated with foreign intelligence organisations and agents to “influence the Singapore Government’s foreign policy and public opinion in Singapore”.
Read more at http://www.channelnewsasia.com/news/singapore/mha-s-statement-on-huang-jing-lky-school-professor-who-tried-to-9093570

—————————–

China routinely criticises the US for conducing spy missions over the South China Sea and East China Sea. Guess who is helping the US conduct spy missions over the South China Sea?

S’pore.

The BBC reported in Dec 2015

The United States has deployed a P-8 Poseidon spy plane to Singapore for the first time.

It is the latest in a series of US military actions seen as a response to China’s increasingly assertive claims over territory in the South China Sea.

The US says it will also base a military reconnaissance plane at Singapore’s Paya Lebar air base.

US P-8s already operate from Japan and the Philippines, and surveillance flights have taken off from Malaysia.

The P-8 was deployed on Monday, and will remain in Singapore until 14 December.

In addition to the P-8 deployment, the US says it will operate a military plane, either a P-8 Poseidon or a P-3 Orion, from Singapore for the foreseeable future, rotating planes on a quarterly basis.

http://www.bbc.com/news/world-asia-35036220

The flights from S’pore unlike that from M’sia and PeenoyLand are regular, not ad hoc.

The flights have one primary aim, monitoring the movements of Chinese nuclear subs based in Hainan.  They also are intended to show the finger to Chinese claims over the South China Sea.

Three littoral combat ships have also been deployed to Singapore since 2013. Now there are none, but two are going to be based here from next year http://thediplomat.com/2017/06/us-navy-plans-to-deploy-two-littoral-combat-ships-to-singapore-in-2018/

So of course China upset.

Btw, here’s serious money to be made from OBOR.

 

M Ravi resumes posting

In Uncategorized on 07/08/2017 at 6:44 am

On 4th August, I heard M Ravi, was again in Woodbridge. I checked his FB and there were no postings since 1 August, giving credence to the story. Yesterday lunch time, I checked again and there were still no new postings. This morning (5.00am) there were several new postings.

Based on the latest postings, he’s still seems to be very sick.

Sad.

OBOR: Ang mohs laughing all the way to the bank

In China, Economy on 06/08/2017 at 5:52 pm

Western multinationals, spotting a bonanza, are selling billions of dollars of equipment, technology and services to Chinese firms building along it.

America’s General Electric (GE) made sales of $2.3bn in equipment orders from OBOR projects in 2016, almost three times the total for the previous year. John Rice, the firm’s vice-chair, expects the firm to enjoy double-digit growth in revenues along OBOR in coming years. Other firms, such as Caterpillar, Honeywell, and ABB, global engineering giants, DHL, a logistics company, Linde and BASF, two industrial gas and chemicals manufacturers, and Maersk Group, a shipping firm, rattle off lists of OBOR projects. Deutsche Bank has structured eight trade deals around it and has an agreement with the China Development Bank, one of China’s policy lenders, to fund several OBOR schemes.

https://www.economist.com/news/business/21725810-general-electric-got-23bn-orders-infrastructure-project-last-year-western-firms

Too bad for Keppel and SembCorp groups (they have the skills for many OBOR projects) that Xi snubbed S’pore by not inviting Pinkie to his grand party, inviting only Lawrence Wong.

Anti-PAP Amazon fights alongside White Mare

In Public Administration on 06/08/2017 at 4:34 am

AG’s plans to whack Li Shengwu

for comments he made suggesting the city-state’s courts were not independent, said on Saturday (Aug 5) he would not be returning to Singapore.

The office of Singapore’s attorney-general said on Friday it had filed an application to start contempt of court proceedings against Li, a US-based academic, over a Facebook post he made on Jul 15.

http://www.channelnewsasia.com/news/singapore/li-shengwu-says-will-not-return-home-to-face-charges-9095394

reminded me of a really unholy alliance.

One of the usual suspects, a S’porean version Xena, the warrior princess, recently wrote

I am sad for Singapore and Singaporeans. A single word about the judiciary in a private facebook entry which drew just 20 likes has attracted the attention of the Attorney-General’s Chamber.

How did my country descend to this depth?

Given that she’s always so unhappy about the S’porean way of life, what else could make Teo Soh Lung unhappy?

Li Shengwu, grandson of Lee Kuan Yew has now attracted the attention of the attorney general’s chambers. I believe the chamber was already watching him when he took side with his father, Lee Hsien Yang over his and his aunt’s dispute with the prime minister.

The attorney general will tell the world that there is no conflict of interest when his chamber decides to look into the private facebook entries of Li Shengwu, but I will not believe that. What business has he to look into a person’s private facebook? Isn’t there more important work than to spy on personal facebooks?”

Am I being overly cynical in thinking that if the AGC did not say the AGC was investigating this White Horse (progency of the First Familee), she’d be KPKBing, “Why no investigate? White Horse isit?”

As it is now, she’s on the same side as über White Mare Lee Wei Ling with her whine

I am surprised that AGC takes such negative reaction to a private post. Is there a government servant whose duty is to follow the Facebook activity of all people related to Hsien Yang and I, including our private musings. Also, what Shengwu posted is a common topic amongst Singaporeans who are well informed. Is this not an example of ” big Brother government”. Perhaps it is a case of “if the hat fits, take it.”

Churchill said a fanatic is “one who can’t change his mind and won’t change the subject”. Fits Ms Teo: life is always seen in the lens of resentment against the PAP administration. An administration that has the support of 60- 70% of voters. True it locked her up without trial but that was a long time ago. Time to move on?

I mean being on the same side as Lee Wei Ling is so, so pathetic. And so is the cause. I mean White Horses (especially über ones) should be held accoutable for their actions, juz like nobodies like Roy or Amos.

I’m glad that the AGC is upholding the laws that Harry made illleral and in sending the message that über White Horses from the line of Lee not exempted.

Starbucks wants to be Great in China

In China on 05/08/2017 at 6:00 pm

Looks like Starbucks is running out of suckers in the rest of the world. Still it could be a great play on China as Yum and MacDonalds once were.

Last week BBC reported

Starbucks is to take full ownership of all its China outlets, after agreeing to buying out its joint venture partner for $1.3bn (£994m).

The deal will see it acquire the 50% stake it does not already hold in 1,300 stores in Shanghai and the provinces of Jiangsu and Zhejiang.

Starbucks already fully owns the other 1,500 outlets in China – its fastest-growing market outside of the US.

http://www.bbc.com/news/business-40749055

NYT Dealbook gives more info

China may be clamping down on its homegrown deal-makers. But DealBook’s Andrew Ross Sorkin notes that one American company is making a big move in that country: Starbucks.
Last week, the coffee giant bought out its local partner. It’s part of an eye-opening expansion campaign there, where it’s opening 500 stores a year. Starbucks is even planning a 30,000-square-foot emporium that the company’s chairman, Howard Schultz, thinks could have more significance for Chinese consumers than Shanghai Disney.
“When people ask me how much can you really grow in China, I don’t really know what the answer is, but I do believe it’s going to be larger than the U.S.,” Mr. Schultz told Mr. Sorkin.

S’poreans not begrudging S’poreans enjoying free lunches

In Environment on 05/08/2017 at 10:07 am

And not complaining to the govt to take away the freebies because it’s welfarism.

When I saw the following on FB, I tot the above

I am so ENVIOUS of our Otters. They are so fortunate to have regular meals of fresh fish. We must do all we can to protect our heritage. With LOVE to our Otters.

OK, OK the original otters from Bishah, AMK are FTs. But what the heck, they are the kind of New Citizens I welcome. But I can’t help but wonder if their aggressive behaviour towards the Marina (then S’pore River, now Bukit Timah) otters is the result of first settling in PAP areas?

Whatever, I’m sure Kate Spade Tin’s running dogs will feed the Bishan otters better fish than the local otters, if otters move into Tin’s ward. They may even poison the latter so that the former can take control.

Btw, otters are now in Siglap.  Yesterday afternoon, I saw a mum and pup alongside Siglap Canal where it intersects East Coast Rd, beside St Patrick’s School. They were sunning themselves, mum belly up, abd wriggling her bottom.

I had my dog with me, so no photos.

But I’m sure the Katong Convent gal taking photos will be posting them on FB soon. When I spoke to a friend, he said he saw them in the sea off Marine Parade and on the beach. Apparently these otters are the Tanah Merah otters.

I’m waiting for the day when otters are spotted in WP territory. Bedok reservoir is in WP area, But maybe otters (local or FT) are smarter than the majority of voters in Aljunied and Hougang?

Wonderful descrption of us 60-somethings

In Uncategorized on 04/08/2017 at 4:44 pm

“green old age”

Charles Dickens described the young elderly as being in their “green old age”, which is a wonderful definition.

META ROSENEIL
Buckhurst Hill, Essex

Letter to the Economist refering to this http://www.economist.com/news/special-report/21724745-ageing-populations-could-be-boon-rather-curse-happen-lot

So waz new? PAP instinctively prefers FTs

In Political governance on 04/08/2017 at 7:13 am

The MacPherson Zone B Residents’ Committee (RC) will offer a refund to everyone who took part in its open house, after charging new citizens less for tickets to the event.

The RC apologised on Thursday (Aug 3) after some pointed out that tickets for the Jul 30 event cost S$1 for new citizens, but S$3 for everyone else.

Read more at http://www.channelnewsasia.com/news/singapore/macpherson-rc-offers-refund-on-open-house-tickets-after-charging-9089574

OK, OK, the PAP’s running dogs repented. Thet nade the event free.

But really it shows that the running dogs’ Pavlovian response is to screw S’poreans, while making life great for FTs.

And where did they learn that response from? The PAP.

Remember CurryGate? A govt agency told locals to stop cooking curry because it offended FTs. And worse was proud of its action.

But to be fair to the PAP, here’s an example (the only one I can find of the PAP administration discriminating against FTs)

Also seen just outside the event area was Russian student Elijah Zamyatin, who was playing Monopoly with three Singaporean friends when the group was approached by Yahoo Singapore. The 18-year-old, who has lived in Singapore for seven years, said he had been unaware of the new regulations until he read the signs placed around the area.

“I don’t understand why (it is like this). It seems like love is for everyone except foreigners. This event is to spread love, but you ban foreigners,” he said.

https://sg.news.yahoo.com/pink-dot-2017-draws-thousands-despite-new-restrictions-152411039.html

Like him, I can’t understand this discrimination. If he has the right the right to live here for seven, he has the right to attend an event like this,

“Malay race” created by ang mohs, not the Malays

In Uncategorized on 03/08/2017 at 10:48 am

(Alt title: “How can S’pore be creative and prosperous when the PAP clings to discredited. outdated theories?”)

But first, this well argued, reasoned piece appeared as a letter to TRE. It also provides the background to the explanation that the “Malay race” is a Western, colonial creation to better subjectate natives. One could argue that the PAP keeps the concept in order to play the British game of “divide and rule”.

Coming Presidential Election is a failure at all levels

It feels like the next Presidential Election is a failure at all levels. The government have given their reasons for reserving this next election for the Malays, following changes to the Constitution to ensure the highest office of the land reflects Singapore’s multiracial society.

While the government sees this as a way to reflect multiracial society, this have backfired on them. Where once Singaporeans don’t really see race as an issue, as this generation accepts Singapore’s diverse races living and working together, this very decision to ensure a Malay representative get the Presidency role seems to have given rise to racism.

Now, we have online netizens questioning in what constitutes of being a Malay. Three person are almost certain to be the candidates for the Presidency Election, one allegedly an Indian Muslim, one is of a Pakistani descent and one cannot even speak Malay properly. Now, everyone is questioning on what the government sees as Malay! The issue with this is that race was once not part of this political process, where people vote according to who they think will do a good job. It just so happened that no Malay candidate would run.

Now they have opened to Malays only. Isn’t this going against their open arms policy?And by having only Malays, isn’t this also a racist thing to do? Now everyone is questioning whether this Malay candidate is Malay enough, not some mixed heritage. Just because they speak Malay, does not mean one is a Malay. LKY spoke impeccable Malay, but he is not a Malay! Furthermore, one candidate cannot even speak Malay properly.

So you see? Government wants to reserve the President for a Malay, cos we have not had one for a long time. But by doing this, you are saying Malays cannot contest on their own merits. Govt must hand hold them, and let Malays challenge the not so Malays, and the winner would be a Malay. What kind of logic is that?

Fadly Yusoff

Well said Fadly Yusoff.

Coming back to blaming the Europeans for the problem where “Indians” and “Pakistanis” can be Malays in an election where only Malays can stand, blame in particular the British and an 18th century German.

In 1824, the British introduced the concept of the “Malay” race into S’pore’s psyche and political governance, when they classified the residents of S’pore into “Chinese”, “Indians”, “Malays” and “Others”.

Raffles’ views must have played a part in this classification even though by 1824 he had retired and was living in England:

The popularisation of Malay as a racial category was in essence a colonial product, the significant role of which played by the Spanish since the 17th century and that of the British since the 18th century in identifying the Archipelago as the Malay world. The view held by Thomas Stamford Raffles for example, had a significant influence on English-speakers, lasting to the present day. He should probably be regarded as the most important voice in projecting the idea of a ‘Malay’ race or nation, not limited to the traditional Raja-Raja Melayu or even their supporters, but embracing a large if unspecified part of the Archipelago.[23]William Marsden, another British “merchant-scientist,” classified the inhabitants of the Archipelago as Malays, based on religion (Islam), language (Malay) and origin.[24]

https://en.wikipedia.org/wiki/Malay_world#Malay_as_a_racial_category

In the previous century, it was a German who proposed the idea of a “Malay race”:

The concept of a Malay race was originally proposed by the German scientist Johann Friedrich Blumenbach(1752–1840), and classified as a brown race.[1]Malay is a loose term used in the late 19th century and early 20th century to describe theAustronesian peoples[2] / categorize Austronesian speakers into a race.

https://en.wikipedia.org/wiki/Malay_race

The people of the Malay archipelago* (the British name for the region) were not consulted about this theory nor about the British classification of races in S’pore.


The Real Malays

Yes there really are “Malays” (not just Indian Muslims and Pakistanis and other Muslims who say they are Malays, to get the goodies, one assumes):

Malays (Malay: Orang Melayu,Jawi: اورڠ ملايو) are an ethnic group of Austronesian peoples predominantly inhabiting theMalay Peninsula, eastern Sumatra and coastal Borneo, as well as the smaller islands which lie between these locations — areas that are collectively known as the Malay world …

There is considerable genetic, linguistic, cultural, and social diversity among the many Malay subgroups, mainly due to hundreds of years of immigration and assimilation of various regional ethnicity and tribes within Maritime Southeast Asia.

https://en.wikipedia.org/wiki/Malays_(ethnic_group)

And yes there is a place in south east Sumatra call Malayu (or Melayu).

But there is no Malay race. Malays are an ethnic group.

Read this to understand the difference between race and ethnicity.

http://www.diffen.com/difference/Ethnicity_vs_Race

—————————————————-

Coming back to the German and his theory,

Since Blumenbach, many anthropologists have rejected his theory of five races, citing the enormous complexity of classifying races*.

So the PAP is adhering to an outdated and discredited theory in creating a “Malay” presidency? And where only “Indians” and “Pakistanis” want to become a “Malay” president?

Given that a fifth of marriages are between people of different “races”, surely we should be moving away from thinking in terms of “race”? And then there’s this aspiration:

We, the citizens of Singapore, pledge ourselves as one united people, regardless of race, language or religion, to build a democratic society, based on justice and equality, so as to achieve happiness, prosperity and progress for our nation.

But then maybe the PAP is using the issue of race to play a modern day version of the British game of “divide and rule” the natives?

What do u think?

Whatever, how can S’pore be creative, let alone progress if the ruling party in a defacto one-party state refuses to change its mind on policies that no longer work or never worked in the first place?

Take the economy where the PAP

— continues to see welfare** as a bad thing except when it needs to buy votes, and

— believes that FTs are needed to keep the economy growing.

No wonder we have had restructuring plans galore (Once every decade it seems),

Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back

John Maynard Keynes

Maybe time listen to the views of this guy on how to fix S’pore’s problems? Lawyer with LLM from Cambridge who was a senior partner in the law firm where the CJ and other judges and two AGs came from.

———————–

*And nowadays called Maritime Southeast Asia (the maritime region of Southeast Asia as opposed to mainland Southeast Asia and comprises what is now Malaysia, Brunei, the Philippines, Singapore, Indonesia, and Timor Leste. An alternate term for the region is “the Indonesian Archpielgo and the Malay Peninsula”.

**To be fair to the PAP, “A shift to a welfare state is a daunting challenge that cannot be realised without raising taxes comprehensively,” says a S Korean economist taking of the Korean govt’s plans. But as Chris K and Yeoh Lam Keong keep pointing out, there’s a lot more that can be done within the present framework.

HoHoHo: StanChart refuses to resume dividend

In Banks, Temasek on 03/08/2017 at 5:51 am

Global investors buy banks for the yield but StanChart stopped paying dividends last yr.

For yrs, Temasek  looked good because the bank was minting money regularly with double-digit growth in revenues and profits: even during the banking crisis that hurt Temasek’s other ang mohbanking investments (Barclays and Merrill Lynch). But then two yrs ago, it suffered heavy losses on some of its vast loans to risky Asian companies in Indonesia and India.

Standard Chartered PLC said it isn’t ready to start paying dividends again but will reconsider it at the end of the year.

The Asia-focused bank’s shares fell 4% after it said it still has a long way to go to improve returns, despite improvements in underlying profits.

First-half revenue rose to $7.2 billion from $6.8 billion a year earlier. Revenue in the second quarter met analysts’ expectations, at $3.6 billion. Net profit for the first half climbed to $971 million from $465 million a year earlier.

http://www.marketwatch.com/story/standard-chartered-dividends-remain-suspended-2017-08-02

Continue to Pak PAP, but not Pak Halimah

In Political governance on 02/08/2017 at 6:56 am

Yesterday, I promised to explain why this is unfair to Hali and her mum and the Malay community.

(Terry Lim’s photos)

The cybernut who did the above, conveniently left out the inconvenient fact that none of the three “Indian” PAPpies had the misfortune of their “Indian” father dying when they were young children.

Halimah had the misfortune (OK, OK, it later turned out to be a winning lottery ticket) of her Indian-Muslim dad dying when she was eight. It was her widowed Malay mum that then brought Halimah (and her siblings) up with the support of her Malay relatives and the wider Malay community.

Halimah was not brought up in the Indian-Muslim community as an Indian-Muslim; but among the Malays as a Malay. No racists, the Malays: if a widowed Malay mother in a mixed race marriage wants to bring up her children as Malays, they support her. Truly tolerant, truly S’poreans. Really Mendaki should reflect this tolerant attitude: not that only i/c matters (See above link) as to who is a Malay.

And as I’ve written before, when she was NUS Law school, she was tot of as a Malay. Even then she wore a tudung, which then wasn’t hip. Btw, an Indian who knows the other female PAPpy Indian says she only started wearing saris when she became a junior minister.

A senior lawyer posted on FB that “the test in the Presidential Elections Act is not a race test, it’s a community acceptance test”. He’s right but the PM framed the need and importance of a Malay president in racial terms: “multi-racialism” to be precise.

So

S’poreans are right to ask to be talking about the issue because the next presidency is reserved for a Malay.  And one of the candidates is “Pakistani” (i/c says so leh) and the other while his i/c says “Malay” has Malays complaining that he’s really Indian because he can’t speak proper Malay.

The view among S’poreans of all races that what is on one’s i/c is a lot of bull* when it comes to whether someone is a Malay is becoming a major problem for the PAP.

By playing the “race” card albeit in the name of “multi-racialism”, the PM created a rod for his back and that of the PAP.

Image may contain: 2 people, people smiling, text

So let us continue to “Pak PM, Pak PAP” on the unreality of Muslim-Indians becoming Malays when the presidency is reserved for a Malay. Good clean fun. And best of all, the PAPpies started the conversation, not us.

But let’s remember Hali’s a decent person that could (and should) have become president on her own merits. She doesn’t really deserve this rubbish both from the PAP and the cybernuts, even though as a PAP Speaker she’s crying all the way to the bank. Wonder if she too has a monthly CPF statement, like Zorro Lim?

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*Even PAP MP Zainal Sapari says i/c is irrelevant in deciding whether one is a Malay. He’s not expected to stand at next GE.

 

SIA enpowers oldies

In Airlines on 02/08/2017 at 4:14 am
The u/m NYT Dealbook story reminded me that SIA is also like that. One neighbourhood SIA pilot is 62 (my age). And I know a pri school class mate is still flying for SIA.
Nice to know that it’s not only S’pore Aunties that are employed by SIA.

 

The Pilot in the Cockpit? In Japan, He Might Be a Retiree

By JONATHAN SOBLE

Many retired people in the country have returned to the work force as the population dwindles and jobs go unfilled, including Shigekazu Miyazaki, who is still flying at 65.

Finally HSBC pleasantly surprises

In Banks, Hong Kong on 01/08/2017 at 4:42 pm

Just before the CEO retires. As Guardian says:

HSBC’s tale also shows what can happen when a big international bank stops shooting itself in the foot and avoids scandal. The cleanup of HSBC – forced by past scandals, notably the £1.2bn fine in the US for money-laundering offences plus tax avoidance scams in Switzerland – is finally delivering for shareholders.

https://www.theguardian.com/business/nils-pratley-on-finance/2017/jul/31/hsbc-shows-what-happens-when-a-bank-stops-shooting-itself-in-the-foot

And from NYT Dealbook

HSBC plans to buy back up to $2 billion in shares after its performance proved better than expected in the second quarter.
The London-based bank has been overhauling its operations, shedding tens of thousands of jobs, selling underperforming businesses and shrinking its global investment banking business. And as its prospects have improved, it has announced $5.5 billion in share repurchases since the second half of last year.
Profit was up to $3.9 billion in the second quarter, from $2.5 billion the year before.
The bank is also headed toward a change of leadership. Mark Tucker, the chief executive of AIA, will replace Douglas Flint as chairman in October. Mr. Tucker will have to find a chief executive to replace Stuart Gulliver, the chief executive, who plans to retire.

Man PAP trying to persuade to be president?

In Political governance on 01/08/2017 at 4:47 am

But first, I saw this on FB

(Terry Lim’s photos)

(Btw, I’ll explain why it’s unfair to Hali and more importantly her Malay mum.)

Back to the 73-year-old man who the PAP wants to do NS.

Usually reliable sources say that the PAP is trying very hard to persuade Abdullah bin Tarmugi to stand as president. He’s reluctant because despite being only in his early 70s, he has heart problems. This is PAP’s Plan B.

Halimah (Plan A but in abeyance) will now only stand if Tamugi can’t be persuaded to do NS. So she’s not really BSing that she hasn’t made up her mind. The PAP hasn’t decided to go ahead with her coronation because the issue of who is a Malay is a major topic of discussion among the 60- 70% that regularly vote for the PAP. That the 30% are talking about it too is irrelevant.

S’poreans are right to ask to be talking about the issue because the next presidency is reserved for a Malay.  And one of the candidates is “Pakistani” (i/c says so) and the other while his i/c says “Malay” has Malays complaining that he’s really Indian because he can’t speak proper Malay.

The view among S’poreans of all races that what is on one’s i/c is a lot of bull* when it comes to whether someone is a Malay is becoming a major problem for the PAP.

This is especially because Mendaki’s position is that if i/c doesn’t say “Malay” there’ll be no help for the Muslim supplicant, even if the entire kampung swears that said supplicant is really a Malay.

Malay-Muslim self-help group Yayasan Mendaki has a set of criteria for its financial assistance schemes for students administered on behalf of the Government. Among other things, the recipients “must be of Malay descent” as stated in their identity cards. It spells out a list of what it considers to be “Malay descent”, and this includes 22 ethnicities including Acehnese, Javanese, Boyanese, Sumatran, Sundanese and Bugis. Students with “double-barrelled” race are eligible if the first race is listed on the identity cards as Malay, said a Mendaki spokesman. For example, a student who is Malay-Arab would qualify for the schemes but an Arab-Malay student would not, he added.

(CNA)

Tamugi’s i/c says “Malay” and so that fact alone will kick into the long grass for the next 30 years the lethal bomb that what the i/c says is irrelevant in deciding who is a Malay.

Better still he’s from RI and played rugby for RI at scrum half.

Even better still, his mum was Chinese and his wife is Chinese. So while he may be the token Malay president that the PAP wants to hoist on us, he can be the second multi-racial president, after Sheares.


*Even PAP MP Zainal Sapari says i/c is irrelevant in deciding whether one is a Malay. He’s not expected to stand at next GE.

M Ravi’s right to be upset with AGC

In Uncategorized on 31/07/2017 at 10:26 am

Even though he’s a really sick superhero and needs medical treatment, he’s right to get agitated and angry with AGC. AGC looks like it’s gunning for him i.e. out to make sure he goes to jail, and then throw the key away.

He posted on FB on at 3.00am on Saturday, after a meeting with the AGC on Friday:

At first they preferred 3 charges of criminal trespass on us. Then they dropped 2 charges. Today at the PTC they withdrew the remaining criminal trespass charge and guess what? They proceeded to serve 3 charges of HOUSEBREAKING!!!

Can you see the persecution? If convicted i would face mandatory jail which can extend to 2 years per charge. Mandatory means there’s no option for a fine. They want to jail me!

I need your support and help. Can you continue to donate for my legal fees and especially George’s?

Details are:

Posb savings 188-6776-22

All contributions no matter big or small is welcome. This is now very serious and I will need to spend for lot of resources to basically trying to get into my own office! They even tried to apply to remand me in IMH so they could prevent me from using Facebook, that was their argument. They are trying to silence me.

So please contribute as we need to prepare properly, make applications and pay for experts if necessary. It’s no longer a small simple case.

Wonder if the person who lodged the police report that led to the present charges, reputed to be a really good friend who had helped him but who Ravi then whose hand Ravi bit, is repenting his action? As are those who encouraged him to lodge report? They have good motives, I understand. They wanted (and still want) him to get mandatory medical treatment. He refuses to take his pills making his mental condition extremely unstable.

So maybe serious jail time for Ravi is the only way he can get the treatment he desperately needs.

It’s a dilemma worthy of a graphic novel.

Does he need to go to jail to regain his superpowers? Or are the cybernuts applauding his FB videos and verbal farts right that in his present state of mind (Conventional wisdom, as opposed to cybernut stupidity, believes M Ravi is in the manic extreme of bi-polarism*), he has even greater superpowers?

What do u think?


*The manic phase is characterised by:

  • Delusions (false beliefs) or hallucinations (false perceptions)
  • Hyperactivity
  • Irritable mood
  • Decreased need for sleep
  • Exaggerated, puffed-up self esteem
  • Rapid or “pressured” speech
  • Rapid thoughts
  • Poor attention span
  • Recklessness

https://www.healthhub.sg/a-z/diseases-and-conditions/49/topics_bipolar_disorder?gclid=EAIaIQobChMInJuhzfSx1QIVxgQqCh3atwV0EAAYASAAEgLC_PD_BwE

Another photo of president Hali

In Uncategorized on 31/07/2017 at 6:12 am

Further to this

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Halimah standing in presidential jeep

In Uncategorized on 30/07/2017 at 4:00 pm

No not a fake photo but a photo taken at the lastest NDP parade rehersal  (from TRE). If u think it’s a coincidence she’s standing in for Tony Tan, then u’ll believe she’s making up her mind. And I got a investment juz for u.

Can u blame Germans for being anti-Muslim?

In Uncategorized on 30/07/2017 at 1:46 pm

If these happened here, S’poreans (Muslims and non Muslims) would really be concerned.

Just

The man who killed one person and injured six in a supermarket knife attack in Hamburg was a “known Islamist”, officials say.

http://www.bbc.com/news/world-europe-40763369

And earlier this year

in the German city of Cologne, there was a “not in our name” rally against terrorism, which was backed by some of the country’s leading Muslim organizations, and by politicians from across the political spectrum. It was hoped that at least 10,000 people from all over the country would take part, and that it would inspire similar actions in other cities. But the event proved to be a damp squib. At most 3,500 turned up.

http://www.economist.com/blogs/erasmus/2017/06/not-our-99-names

And last year

Security was heightened after a man ploughed a lorry into a busy Christmas market in the heart of Berlin in December 2016.

In July 2016, a German teenager of Iranian heritage shot dead nine people in Munich before shooting himself dead.

The same month, a teenage Afghan refugee armed with an axe and a knife injured four people on a train in the southern German city of Wuerzburg before being shot dead by police.

From above BBC link

Tan Kin Lian is absolutely right

In Infrastructure on 30/07/2017 at 4:42 am

This blog is anti-TKL because in 2011 he was clowning around (albeit on the advice and instigation of one Goh Meng Seng) and doing the PAP’s work in depriving Dr Tan Cheng Bock of the presidency. Though they never got the thirty pieces of silver.

Transport minister Khaw BW held a media briefing to announce the rail reliability target for 2020. The journalists asked him some questions about the current train breakdown in Singapore.

The minister chided the journalists. He said that it is not easy to fix the engineering problems. He challenged them to try to solve the problem if they are so smart.
I find the minister’s remarks to be deplorable. The journalists are required to do their job as journalists. They are not supposed to be experts in engineering.

The transport ministry, the Land Transport Authority and the train operators are supposed to employ the engineering experts. They are supposed to identify the problems and to find the solutions.

The correct benchmark is the breakdown frequency in other train systems around the world. Do these train systems break down as often as has happened in Singapore. Some of these systems are older than our train system.
If our engineers are not up to mark, the transport minister should look for other engineers to fix the problem. He should not rely on journalists to give him the solution.

It is absurb for the minister to speak in this manner.

Sad to say, this is the quality of the ministers and the top officials that are appointed by PM Lee HL to run Singapore. It seemed that paying top salaries, in the millions of dollars, does not provide the answer.

We do need a change of government.

Sad there is viable alternative in sight.

How Pay & Pay can ensure we complain less

In Infrastructure, Media, Public Administration, Temasek on 29/07/2017 at 10:31 am

You know the PAP administration is rattled when a PAP minister castigates the constructive, nation-building media for reporting the problems that MRT breakdowns are causing commuters. He wants the media to report how Great SMRT is.

ST’s editor responded, “If press coverage doesn’t match everyday experience, then the press loses credibility.”

He only said that because we have the internet and social media to keep honest his paper and other media. I’m old enough to remember when local media coverage at times didn’t match everyday experience.

Now to some constructive advice to the minister and his minions on how to make sure S’poreans KPKB less when the trains don’t run on time.

Behavioural economists tell us we are wired to care more about things we pay than things we get for free. This tendency is called the “endowment effect”. Paying for something represents a loss of money, so we care more and get more upset over things we pay for than over things (identical or otherwise) we can get for free*.

So when an MRT delay occurs, shut the KPKBing down by making the trip free.

It has the additional benefit of showing Khaw, LTA, SMRT and Temask how much revenue is lost when trains don’t run on time.


*Take “WordPress”. Because I use the free version, I don’t grumble about things that suck.

Three cheers for FairPrice

In Uncategorized on 29/07/2017 at 6:19 am

Because of Oxleygate, I forgot to post this:

The milk powder is available in two ranges, each with three formulations for the different stages of a child’s development.

NTUC FairPrice CEO Seah Kian Peng said the supermarket worked with the authorities following the announcement to review import requirements.

“FairPrice has been in discussions with the authorities on bringing in better-value formula milk from additional sources,” said Mr Seah.

Read more at http://www.channelnewsasia.com/news/singapore/ntuc-fairprice-launches-australian-formula-milk-range-for-under-8948634

Nice to see FairPrice doing what the PAP Old Guard wanted it to do.

But to be fair, it’s been keeping Cold Storage on its toes. I enjoy “Greek” yogurt and for years I had to pay what Cold Storage charged. Then FairPrice decided to go “upmarket” and I enjoyed cheaper “Greek” yogurt.

Coming back to milk powder, bet u the cybernuts from TRELand will say that the product is “fake milk” or “Made in China”.

AHTC: Auntie’s wish granted/ PAP doesn’t need friends, it has Meng Seng as enemy

In Corporate governance on 28/07/2017 at 3:52 pm

But first, the cybernuts are raving and ranting that Low, Auntie her Singh and the other defendants are being fixed by the other s/o JBJ (not the autistic one) but the really smart one. And no I’m not being sarcastic.

They are wrong according to the three WP MPs.

The Workers’ Party (WP) MPs at the centre of a lawsuit over allegedly improper payments made by the Aljunied-Hougang Town Council (AHTC) on Wednesday (Jul 26) said that they saw the court case as an opportunity to explain to the court and the public why they made the decisions they did.*

Nice to see the usual wanking worthless MPs not playing to the gallery but telling the truth. But if truth be told, they had no choice. Many years ago, Auntie said “Not happy isit? Feel free to sue . Go ahead, make my day”. Well she’s being sued.

——————————-

OK, OK I lied. Actually she said 2013

If the Minister, Dr Teo or the Ministry believe there was any wrongdoing in WP’s management of the Town Council, we invite them to make a report to the CPIB or other relevant agencies to investigate the matter, rather than to make these suggestions and insinuations.

Still that sounds like “Not happy isit? Feel free to sue. Go ahead, make my day”

—————————————————–

Wonder if Quah Kim Song will be holding her hand in court? At the last GE when the WP were waiting for the Aljunied results anxiously, he was alleged to be grinning from ear to ear.

It was also alleged that Auntie noticed and snapped at him, “Want WP to lose isit?”

Then the penny dropped, and she smiled at him.

She realised he tot they would then have more time together if the WP lost.


As usual Goh Meng Seng, based in HK, helps the PAP (Remember PE 2011? He encouraged TKL to run and was his adviser. TKL lost his deposit.). Always saying nasty things about WP and other oppo figures. With an enemy like him, PAP doesn’t need friends.

 

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*The suit was filed last Friday by an independent panel appointed by AHTC, over alleged improper payments amounting to millions of dollars.

It alleges that Aljunied GRC MPs Low Thia Khiang, Sylvia Lim and Pritam Singh had acted in breach of their fiduciary duties.

Speaking to the media on the sidelines of a meet-the-people session at Bedok Reservoir Road, the three MPs reiterated that they had acted in good faith and were confident of their defence. “My conscience is clear,” said Mr Low.

http://www.channelnewsasia.com/news/singapore/ahtc-lawsuit-an-opportunity-for-wp-mps-to-explain-their-side-of-9066484

AHTC: Ownself sue ownself cont’d

In Corporate governance on 27/07/2017 at 3:16 pm

(Or “Waz having to account really mean?”)

Reacting to the headline figure of $33m, the cybernuts are saying that it’s political persecution of the defendants.

Only Low and Auntie are being asked to account for the $33m spent, not Priam Singh or the other defendants.

Mr Chua Zhi Hon, a former member of the WP Youth Wing executive committee; Mr Kenneth Foo, deputy organising secretary of the WP and WP candidate in Nee Soon GRC in the 2015 General Election; Ms How Weng Fan, owner of the town council’s former managing agent firm FM Solutions and Services (FMSS); and FMSS.


Account of profits

An equitable remedy often used where the parties are in a fiduciary relationship. The purpose of this remedy is to require one party to surrender the profits made. It may also be available as an alternative action for money had and received where one person has profited from a wrong at the expense of another (and the claimant has suffered no actual loss) or in exceptional cases where other normal remedies provide inadequate. For further details, see Practice note, Remedies: restitution.
————————–

If Auntie and Low are able to account for the S$33m paid to FMSS or FMSI because of estate works done by FMSS or FMSI such as the maintenance of housing blocks and sweeping the streets, no further action may be taken. Even if they are unable to account fully, they’ll only be liable personally not for the full amount paid but the “excess” or “cream” over and above what should have been paid.

Related post

Regime change: Yesterday Korea, TOM S’pore?

In Political governance, Public Administration on 27/07/2017 at 4:33 am

The young in Korea, like many other Koreans, came onto to the streets to protest at their unhappiness with the existing system as personified by the previous president. She was impeached and a new president elected.

Will young S’poreans starting thinking and behaving like S Korean youth?

After all this sounds like S’pore

University was once seen as a source of social mobility in South Korea. But so important is the right degree to a student’s prospects in life that rich families began spending heavily on coaching to improve their children’s chances, leaving poorer families behind. By 2007 over three-quarters of students were receiving some form of private tuition, spawning a maxim about the three necessities to win a place at a good university: “father’s wealth, mother’s information, child’s stamina”. A report by the ministry of education found that in 2016 households with monthly incomes of 7m won ($6230) or more were spending 443,000 won a month on private education, nine times as much as families bringing in 1m won or less.

https://www.economist.com/news/asia/21725267-courts-and-president-sympathise-south-koreans-are-losing-faith-elitist-education

So will ordinary young S’poreans (not juz the cybernuts and really sane but rabid anti-PAP activists) start thinking that the system is rigged against them?

Many South Koreans believe that the rich and influential do not just spend more on education, they also manipulate the system, as Ms Jung’s mother, a close friend of the previous president, did so spectacularly. According to the Pew Research Centre, a think-tank, only a fifth of those aged 18-33 believe working hard brings success. An ever-growing dictionary of slang attests to the perception: people speak of using “back” (backing, or connections) to get jobs; when Ms Jung refused to return to South Korea to face charges related to her university admission, the local press dubbed it a “gold-spoon escape”. And 34% of young people say they feel “isolation due to academic cliques” at work.

The unfairness is all the more galling because of the fierce competition for jobs. This year there were 36 applicants for every job, up from 32 two years ago. Youth unemployment reached a record 12% earlier this year.

(Err remember that we have a problem that the Koreans don’t have: competition from FTs with sub standard or fake degrees: think MDA’s Nisha)

Will we then have this kind of leader?

Moon Jae-in, the president since May, has pledged that under his administration “the thickness of a parent’s purse” will not determine their children’s prospects. This week an MP from his party introduced legislation to extend the “blind hiring” process used in the civil service, whereby applicants are judged only on standardised exams, not on their academic record, to state-owned firms as well.

What do u think?

 

Worth of analyst report? Worthless?

In Financial competency on 26/07/2017 at 4:25 pm

Can’t stop laughing.

The EU is introducing some very complex fund mgt regulations in Jan 2018 that among other things affects reseach reports because they are considered to be “an inducement” and fund mgrs must account and quantify them as such to clients.

In the UK (still in EU) the authorities “will treat research paid for by the company raising capital as a “minor non-monetary benefit”, presumably in the same category as sandwiches at the AGM” reports the FT.

AHTC: Ownself sue ownself

In Corporate governance on 26/07/2017 at 5:00 am

A few weeks ago I told an ex-WP member (unhappy with Low and Auntie for messing up) that I expected the independent panel (my take on the panel when it was set up) to take legal action against the town council members to recover the alleged improper payments. I said I didn’t expect any request to the CPIB or the police to investigate.

I was almost right. (Ownself praise ownself)

ST reports that Low, Auntie and her Singh are being sued. As are

Mr Chua Zhi Hon, a former member of the WP Youth Wing executive committee; Mr Kenneth Foo, deputy organising secretary of the WP and WP candidate in Nee Soon GRC in the 2015 General Election; Ms How Weng Fan, owner of the town council’s former managing agent firm FM Solutions and Services (FMSS); and FMSS.

The other two WP MPs* are not being sued, presumably because they knew nothing, nothing about improprieties. And one of them is Chen Show Mao, a partner in a leading Wall St firm, and a leading corporate lawyer.

The amount claimed is $5m.
(The above sentence was deleted and the u/m quote from CNA added on 27 July at 5.00am)

The independent panel is asking to rescind the contracts with FMSS and FMSI, and is seeking compensation of more than S$33 million which it said was wrongfully paid out to the companies – subject to Ms Lim, Mr Low, FMSS, FMSI or Ms How showing which payments were lawful.
Read more at http://www.channelnewsasia.com/news/singapore/ahtc-appointed-independent-panel-files-lawsuit-against-workers-9064544

AHTC is claiming $622,593.78 in liquidated claims from multiple parties, as well as $4,167,501.71 in unliquidated claims. Additional sums may be involved.

 


Yes I left out Png Eng Huat as he didn’t join town council until after Hougang by-election in 2012. Update at 10am.

China got point that Temask model “undesirable”?

In Financial competency, GIC, Temasek on 25/07/2017 at 4:51 pm

FT reports that China has tot about and now rejects the S’pore model for state-owned enterprise reform. FT says, China “turns away from Temasek-style effort to insulate state companies from politics.”

Seems the State Assets Supervision and Administration Commission thinks that

promoting the Temasek model would reinforce an undesirable trend in China’s economy towards “fake” investment that generates profits by shifting money between existing assets without generating new economic activity, Caixin reported.

What can I say?

— Given that according to the Bocconi University, Sovereign Investment Lab, our  GIC and Temasek together carried out last year 62 deals globally worth US$17.9bn, accounting for 39% of total deals and 45% of investment value.

— But as Chris K points out GIC’s and Temasek’s risk adjusted returns are in line with other SWFs.

So does the hyperactivity benefit anyone except the counterparties anf our SWFs’ advisers?

What do u think?

 

 

 

Mendaki, Sinda refuse to help

In Uncategorized on 25/07/2017 at 10:02 am

muslim when he was young. But both happy to deduct money from salary of Muslim

Aleem Bhai wrote, “… When I asked for Mendaki Scholarship during my school days, I was denied cos my dad is Pakistani and thus I was considered Indian. I then went to Sinda and was denied because my mom was Malay and thus considered Malay. When I grew up years later and was employed, both Mendaki and Sinda did monthly deductions from my salary. I don’t mind the mosque building fund, it’s my obligation as a Muslim but these 2 shameless bodies also did deductions. I have 3 words to say to u. “Kepala Butoh Lah”

https://www.theonlinecitizen.com/2017/07/24/definition-of-a-malay-person-opens-up-a-can-of-worms-about-mendaki-and-apparent-double-standards/

“Bullshit is the glue that binds us as a nation” 

In Political governance on 24/07/2017 at 5:01 am

“Bullshit is the glue that binds us as a nation” was said by George Carlin. He was an American stand-up black comedy comedian, actor, author, and social critic.

When Sonny Liew became the first S’porean to win an Eisner Award (In fact he won three*: the Eisner Awards are the comic industry’s Oscars.), I realised that “Bullshit is the glue that binds us as a nation” applies here too because of the hostility to alternative narratives to the “The S’pore Story: The PAP Version”.

“The S’pore Story: The PAP Version”

goes something like this: Newly independent from its bigger neighbor Malaysia, small and vulnerable in the middle of the Cold War, beset by Communist infiltrators and surrounded by domino nations, Singapore finally found stability and a road to prosperity when its founding father, Lee Kuan Yew, defeated dangerous left-wing opponents, regrettably by having many tossed in jail.

“The S’pore Story: The PAP Version”

has been hammered home in textbooks, the mass media and television shows. To oppose it meant risking detention without trial, costly libel suits or extreme marginalization in a country where the state controls most purse strings and levers of power.

The above extracts are from

After the above book was published, Singapore’s National Arts Council (NAC) withdrew a publishing grant, and an official wrote in a letter to the constructive, nation-building ST that the book “potentially undermines the authority and legitimacy of the Government and its public institutions.”

(The author talks about his present relationship with the NAC: http://www.bbc.com/news/av/world-asia-40606324/singapore-artist-tops-comic-book-oscars-nominations)

Then there’s “State of Emergency”, another novel. The author sent the first draft of book to NAC and his subsidy was stopped.

Synopsis:
Siew Li leaves her husband and children in Tiong Bahru to fight for freedom in the jungles of Malaya. Decades later, a Malaysian journalist returns to her homeland to uncover the truth of a massacre committed during the Emergency. And in Singapore, Siew Li’s niece Stella finds herself accused of being a Marxist conspirator.

Jeremy Tiang’s debut novel dives into the tumultuous days of leftist movements and political detentions in Singapore and Malaysia. It follows an extended family from the 1940s to the present day as they navigate the choppy political currents of the region. What happens when the things that divide us also bind us together?

Praise:
“A well-written novel, and it has a wide historical perspective.”—Philip Holden, author of Heaven Has Eyes and NUS Professor of English

“A superbly structured piece of work. The sweep of the dramatic narrative is impressive, with just the right dose of intrigue and mystery.”—Haresh Sharma, Resident Playwright, The Necessary Stage

https://shop.epigrambooks.sg/products/state-of-emergency

(Btw, both books are published by Epigram Books, owned by Edmund Wee. He wants to make S’pore Literature Great.)

Then there’s Mr. Thum Ping Tjin, better known as PJ Thum, a Research Associate at the Centre for Global History and co-ordinator of Project Southeast Asia, University of Oxford. He’s got local academics foaming with rage over his analysis of Operation Coldstore. He used declassified British archives to challenge the PAP narrative that S’pore faced a credible Communist threat. Really there’s nothing really very new about his analysis. Some Western historians had been disagreeing with the PAP’s narrative even before the British declassified their records, basing their analysis on information available from US and Australian archives.

(Here’s his analysis of the 1964 “racial riots”: https://www.theonlinecitizen.com/2016/07/26/why-history-matters-to-singapore/. It’s not the official narrative.)

Btw, he has his own alternative history podcast on S’pore. Again this often goes against the PAP narrative but in the main it follows what Western historians have talked about. S’poreans are generally not aware of what Western historians write about S’pore because their books and articles are about the region, and the S’pore material is just a “little red dot”.

I’m no fan of his because I think in his analysis of S’pore in the 50s and 60s, he leaves out the bigger picture of Western fears and concerns, not unreasonable, about the danger of Communism to their regional and global interests. For example, in any analysis of S’pore in the late 50s and early 60s, account must be taken of  the PKI,  the Indonesian Communist Party. By 1965, the PKI was the strongest communist party outside the USSR and China. It had influence over Sukarno.

———————————–

*Nominated in six categories for graphic novel “The Art of Charlie Chan Hock Chye”, Liew won three:

Best Writer/Artist,

Best US Edition of International Material – Asia, and

Best Publication Design and categories

 

 

 

Wasteful medical practice?

In Uncategorized on 23/07/2017 at 11:29 am

Discard if unused by expiry date or after 12 months

This is the label on SingHealth medicine plastic packets. This is a global practice.

Many years ago I read a AWSJ story that the US Air Force tested 30-yr old aspirin tablets and found they were just as effective as newly made ones.

So here’s a recent update on the USAF’s attempt to save $ to buy more F-35s.

In 1986, the Air Force, hoping to save on replacement costs, asked the FDA if certain drugs’ expiration dates could be extended. In response, the FDA and Defense Department created the Shelf Life Extension Program.

Each year, drugs from the stockpiles are selected based on their value and pending expiration and analyzed in batches to determine whether their end dates could be safely extended. For several decades, the program has found that the actual shelf life of many drugs is well beyond the original expiration dates.

A 2006 study of 122 drugs tested by the program showed that two-thirds of the expired medications were stable every time a lot was tested. Each of them had their expiration dates extended, on average, by more than four years, according to research published in the Journal of Pharmaceutical Sciences.

http://www.npr.org/sections/health-shots/2017/07/18/537257884/that-drug-expiration-date-may-be-more-myth-than-fact

 

M Ravi: Money talks BS walks

In Uncategorized on 23/07/2017 at 10:28 am

Update: $6,011 has been received (as of 2.23 p.m. 22 July) to help M Ravi to set aside the foreclosure of his HDB flat

Here I reported that Uncle Leong had asked for donations to help Ravi pay off the arrears on his HDB mortgage

Please help M Ravi as he may become homeless, when he comes out of the hospital.

I would like to appeal to 7,452 Singaporeans to give $1 to POSB Savings Account 032-00582-9 (account of 73 year old L. F. Violet Netto who is the joint owner of the HDB flat).

Glad to know that his supporters are not the same people who refuse to help TRE and a publisher who wants to “Make S’pore Literature Great”. But I wonder about those who were egging him on on FB? Were they among the donors?

Here’s what Amos Yee (Remember him?) thinks of those who talk cock, sing song but who are unwilling to help with cold hard cash:

Interesting that Amos has denounced his activist “supporters”; denouncing them for talking the talk but not walking the talk: the activist friends would have happily let him rot in remand, while pontificating to society on the harm that being in remand would do him.

It’s nice to know that not all S’poreans are as cheapskates as the TRE cybernuts and the ang moh tua kees.

Let’s salute the real S’poreans. They realise that in S’pore, superheroes need to pay their bills.

But will Ravi thank the donors? He was planning to challenge the legality of the mortgage, arguing that the constitution allowed him to default on his mortgage. His grandfather wrote the constitution  isit? Juz like parly belongs to his grandfather?

 

Lim Tean: Activist who talks sense

In Uncategorized on 22/07/2017 at 2:52 pm

Don’t hold it against him that he was for a while Sec-Gen of the No Substance Party, and stood for GE for the NSP.

He’s now a free lancer activist who wants S’pore to be a more open society where the state is more accountable to the people.

He’s no talk cock, sing song artiste like Goh Meng Seng or Mad Dog Chee. He’s more like the SDP’s Dr Paul: an achiever. He was one of the senior partners in Rajah & Tann, a law firm where the the CJ and several judges and AGs came from.

He until recently was based overseas.

Trials and tribulations of an anti-PAP super hero

In Uncategorized on 22/07/2017 at 5:23 am

In the comic books and movies, Batman sends the villians to Arkham, Gotham City’s Woodbridge.

In S’pore, M Ravi, the super hero of the anti-PAP brigade (sane and nutty) gets sent, for his own good, to Woodbridge for his bi-polar disorder. Really, it’s not an invention of the PAP administration that he has this problem even if one s/o JBJ had once upon a time implied that it was all a PAP plot.

It’s really good for him because in Woodbridge, he’ll be forced to take his medicine. He can’t throw his medicine away as he usually does.

Just as he’s getting treatment (finally) in Woodbridge for his bi-polarism, M Ravi is faced with losing his HDB flat over outstanding mortgage arreras of more than $7,000.

Human rights lawyer M Ravi has been hospitalised since 17 July (he is still in hospital).

On the day that he was hospitalised – he was supposed to appear in court as the bank mortgagee had sued to foreclose on his 3-room HDB flat, for the arrears of $7,452.

… “In the morning of 17 July 2017, Summons 2375 of 2017 was dismissed and judgement was granted to the Plaintiff”.

https://www.theonlinecitizen.com/2017/07/21/m-ravis-hdb-flat-to-be-foreclosed-help-required/

Uncle Leong is asking for donations to clear the debt.

But TOC readers have already pointed out Ravi will need more money because he’s unemployed.

In S’pore, fighting for Truth and Justice is not as easy as in America. There are the mortgage and medical bills to pay.

Wow! China rules OK

In China, Commodities on 21/07/2017 at 1:32 pm

USA Rice said China consumes the equivalent of the entire US annual output every two weeks.

http://www.bbc.com/news/business-40678191

China has agreed to allow imports of rice from the US for the first time.

The agreement gives US farmers access to the world’s biggest rice consumer, with China importing about 5 million tonnes last year.

 

 

 

Halimah not BSing that she got to consult further

In Political governance on 21/07/2017 at 5:17 am

But first

Image may contain: 2 people, people smiling, text

(Happy to attribute if I know whom to attribute this to)

Back to Halimah

Speaking to reporters after a community event at her Marsiling ward, Mdm Yacob said she has been asked this question many times and felt honored and humbled by the support, but she needed more time to consult with her family and colleagues further.

Heard an interesting story from the usually unreliable sources. Though I hear while he’s happy for wife to be president (Who wouldn’t like to will the Toto top prize?), he’s not happy about  becoming the first First Man doing the traditional First Lady duties like being patron of women’s charities and hosting tea parties for women social workers. He’s no male chauvinist but I’m told he doesn’t fancy doing the things Mrs Tan does and Mrs Nathan did.

Hence the delay in his wife declaring that she wants to be president. His role has yet to be defined to his satisfaction.

Doubtless a fair and reasonable solution will be worked out for him a real gentleman, as his friends and ex-collegues describe him. I’m told he’s retired.

Btw, he’s Malay-Arab.

Can a true blue Malay (no cross breeds pls) from the Malaya Archiplego pls stand up.

The term Malaya Archiplego

was derived from the European concept of a Malay race,[4]which referred to the people who inhabited what is now Brunei,Singapore, Malaysia, Indonesia (excluding Western New Guinea), the Philippinesand East Timor. The racial concept was proposed by European explorers based on their observations of the influence of the ethnic Malay empire, Srivijaya, which was based on the island of Sumatra, Indonesia.[7]

https://en.wikipedia.org/wiki/Malay_Archipelago

Tot of the Lees cont’d

In Uncategorized on 20/07/2017 at 5:04 pm

Precisely because it’s inescapable, insecure and irresistibly convenient, email provides an almost uncomfortably intimate view into the historical record. It preserves time, location and state of mind, the what-when-where-and-who of every story we might want to dig up. The last two decades, email’s high-water era, have thus been a bounty for anyone wishing to understand exactly what was happening in the inner circles of powerful organizations — for journalists, historians and prosecutors of white-collar crime, among others.

AGO and the importance of paperwork

In Accounting, Public Administration on 20/07/2017 at 5:13 am
It’s that time of the year when the cybernuts especially those from TRELand get their yearly free (They are cheapskates, juz like the ang moh tua kees) high from the Auditor-General’s report detailing cock-ups in the process and procedures of ministries and state agencies.

For the rest of us, it shows “Efficiency? What efficiency?”: the PAP administration, like all management systems or bureaucracies, has flaws that need to be fixed. Monitoring and fixing things are eternal, non-ending unglamarous work.

Those criticised often grumble (sometimes rightly) that they live in the real world, not in a world where box-ticking is more important that delivering the “goods”. Not in the case of the WP though.

Whatever, this NYT Dealbook story tells us why getting the paperwork right is important.

Private Student Loan Debts May Be Wiped Away

Tens of thousands of people who took out private loans to pay for college but have not been able to keep up payments may have their debts wiped away. The reason? Missing paperwork.
At least $5 billion in troubled loans are at the center of a legal dispute that has echoes of problems that arose from the subprime mortgage crisis a decade ago.
Private student loans, which come with higher interest rates and fewer consumer protections than federal loans, are often targeted at the most vulnerable borrowers, but judges have already dismissed dozens of lawsuits against former students because of insufficient documentation.
Court records reviewed by The New York Times show that many other collection cases have been brought without complete ownership records.
Like those who took on subprime mortgages, many people who took private student loans may never earn enough to repay the debt.

Investing in Asian Innovators

In Uncategorized on 19/07/2017 at 2:23 pm

Basically this means businesses that can scale up in China.

Matthews Asia Innovators

Michael J. Oh, lead manager of the Matthews Asia Innovators Fund … grew up in Seoul, South Korea, and moved to the United States as a teenager, scours Asia for companies developing new technologies or creating innovative products and services. About a third of the fund’s assets are invested in China and Hong Kong and about a fifth in South Korea. India accounts for 8 percent.

… He said his goal is to invest in companies benefiting from a growing middle class throughout Asia and rising disposable incomes there. “The question we’re asking is, ‘What will consumers with incremental income spend on?’”

Lately, an answer has been beauty products. One of the fund’s larger holdings has been Hugel, a South Korean cosmetics and pharmaceuticals company whose offerings include botulinum toxin (or Botox) wrinkle treatments. Korean cosmetics makers have been innovators for more than a decade, Mr. Oh said, but their market was largely limited to South Korea and Japan.

Now a surging middle class in China has created a big new pool of potential buyers, he said. In April, Bain Capital agreed to pay about $800 million for a controlling stake in Hugel.

Mr. Oh invested in the TAL Education Group, a Beijing tutoring company, for similar reasons. Education is highly valued there, he said, and as parents see their discretionary income rise, they’ll often spend some of the surfeit on their children’s educations. His fund, with an expense ratio of 1.24 percent, returned 13.57 percent in the second quarter.

From https://www.nytimes.com/2017/07/14/business/mutfund/ways-of-winning-in-a-bull-market.html?em_pos=small&emc=edit_dk_20170714&nl=dealbook&nl_art=16&nlid=25359808&ref=headline&te=1&_r=0

Are our “Khans” “Pakistanis” or “Indians”?

In Political governance, Public Administration on 19/07/2017 at 10:20 am

Here I said that the Pakistani wannabe president’s i/c states he is “Indian”. I was wrong. It does say “Pakistani”. But I do know other “Khans”, some really hard-drinking ones, whose i/cs say “Indian” much to their unhappiness. Worse these “Indians” belong to Sinda automatically: cannot opt out. They are not impressed having to belong to what they consider a Hindoo controlled body.

Why liddat?

Well it all seems to depend on whether the Khan in question or his ancestor came here before British India split into Pakistan and India in 1947. If said Khan came before the split, say in the 19th century or the early 2oth century or in 1946, when the Khan or his descendent became a S’pore citizen, he’d he classified as Indian as would his children.

If the Khan came here from Pakistan he’d be “Pakistani”.

Sounds logical.

Btw it’s no fun being classified as Pakistani if you need help: Neither Sinda or Mendaki would help you. https://sg.news.yahoo.com/comment-malay-enough-next-president-093246327.html

Call Pakistan embassy leh? Btw, reading the Yahoo article one gets the impression that there are those who think that Muslim= Malay, something that the PAP administration rejects because it has refused to change the constitution despite requests that S’pore follows the M’sian definition of “Malay”. This requires, among other things, being Muslim.

 

 

 

 

The S’poreans who are cheapskates

In Uncategorized on 18/07/2017 at 10:26 am

Chris K used a piece of mine (where I asked if S’poreans are willing to pay more for gds and services if there’s a S’poreans First jobs’ policy) to talk about the trade-offs between higher local wages when FTs cannot come in by the cattle truck load, and the govt’s FT policy (which is good for me personally) on his FB wall. An interesting discussion ensured not like the name calling and ranting when TRE used the piece.(Btw his posts are public, so visit his wall. Better still ask to be a friend and follow him.)

When I was writing the piece, I wasn’t so much thinking  about trade-offs between economic policies but more about the mental attitude of S’poreans.

It’s a fact that the cybernuts in TRELand are cheapskates who scrounge off the efforts of Andrew and the rest of TramTRE. They are always pleading poverty for failing to support TRE. TeamTRE finally recently got the message

TRE, unlike other alternative media, depends solely on advertising for income. In the past, we used to seek donations, but we have refrained from doing so due to poor responses.

Another bunch of cheapskates are S’poreans who consider themselves well-off and open-minded progressives. They are bleeding heart liberals who think ang moh are tua kees.

Recently the person who owns Epigram (the leading designer cum book publisher who published “The Art of Charlie Chan” a really classy subversive graphic novel that’s up for a top US award after winning int’l acclaim) got plenty of birthday greetings via Facebook from the progressives.

He used the opportunity to try to raise money for a book prize that his company is sponsoring. He wants to make Singapore Literature Great. To his well wishers, he wrote

Please consider supporting our crowdfunding for the 2017 Epigram Books Fiction Prize. There are three options: $100, $200 and $500. The Prize supports four novelists each year with prize money of $40,000. We’re starting this year’s search for the Great Singaporean Novel by offering 3 very special bundles so you can lend your support to the Prize, too. The upcoming novels are available for pre-purchase, to be delivered to you as soon as each title is released in 2018. The proceeds will go into administering the Prize, and help boost Singapore literature.

https://shop.epigrambooks.sg/colle…/ebfp-2017-crowdfunding

As I know him personally, my FB avatar asked via FB if there was a response from his well wishers. He said “got a few hundred dollars in orders”.

Money Talks BS Walks. No wonder S’pore is a de facto one-party state what with the cheapskates from TRELand and Progressive Land.

For the record my avatar in June donated a few hundred dollars.

 

Temasek: Only Indians in private equity isit?

In Humour, Private Equity, Temasek on 18/07/2017 at 7:19 am

Looks like Indians have a grip on Temasek’s private equity operations juz like they have a grip on the presidency where Indian blood seems to be a must.

Read http://www.reuters.com/article/us-asia-sovereignwealth-idUSKBN1A22CU?il=0 and count the number of Indians it quotes who work for Temasek. Juz wondering? Locals or FTs?

Academic talking cock/ Got such thing as “Malay” race meh?

In Uncategorized on 17/07/2017 at 11:41 am

A really moronic statement from someone who makes moronic statements when he’s trying to justify that the “PAP is always right”

… felt that voters should not be overly-fixated with a candidate’s ethnicity – albeit being an election reserved for a particular race – as it would “detract from the raison d’être of the elected presidency and of the elected president as a symbol of our multiracialism”, as Singapore Management University law don Eugene Tan put it …

Assoc Prof Tan said the reserved election “inevitably puts race up front and centre”. However, it is “imperative that we do not get too hung up over the race” of a presidential hopeful, he said.

http://www.todayonline.com/singapore/reserved-presidential-election-casts-spotlight-malayness

WTF. How not to think a lot about racial identity when the election is reserved for a “Malay” president especially given that it seems that being a “Malay” is a cultural issue, not an ethnic (ie racial) issue.

The constructive, nation-building press quotes two experts on “Malayness” who seem to imply that there really isn’t such a thing as a Malay race:

Malay-Muslim self-help group Yayasan Mendaki has a set of criteria for its financial assistance schemes for students administered on behalf of the Government. Among other things, the recipients “must be of Malay descent” as stated in their identity cards. It spells out a list of what it considers to be “Malay descent”, and this includes 22 ethnicities including Acehnese, Javanese, Boyanese, Sumatran, Sundanese and Bugis. Students with “double-barrelled” race are eligible if the first race is listed on the identity cards as Malay, said a Mendaki spokesman. For example, a student who is Malay-Arab would qualify for the schemes but an Arab-Malay student would not, he added.

However, for the Presidential Election, Association of Muslim Professionals chairman Abdul Hamid Abdullah stressed the need for a “wider definition of a Malay” in Singapore’s context. A narrow definition would be restrictive and could disqualify potential candidates who have been “accepted” as a member of the Malay community, he added. “It is better to be inclusive. Otherwise, (it) may lead to divisiveness in the Malay community,” he said.

http://www.todayonline.com/singapore/reserved-presidential-election-casts-spotlight-malayness

So my take that Chinese can be Malay is a real possibility isit based on the second expert? Heck, let’s juz say that Indian blood is necessary to be president. Or better still, that from now on, the president must be the result of a mixed marriage. Halimah can set the precedent of the president as a symbol of our multiracialism.

 

Apple 8 will cost US$1,000 to US$1,500

In Uncategorized on 17/07/2017 at 6:12 am

OK at least the highest-priced model in Apple’s new iPhone 8 line-up, reports FT.

Apple plans to differeniate its iPhone 8 range the way it differentiates its Macs. Want more and better features? Pay and pay.

Olam: On a cocoa high

In Commodities, Temasek on 16/07/2017 at 5:47 pm

Olam is the third largest cocoa provcessor and based on the results of the largest, Barry Callebaut, Olam and other cocoa processors should be minting money from cocoa production.

The “combined cocoa ratio” — which measures the combined sales price for cocoa butter and cocoa powder — is now 3.5 reports the FT.  The “combined cocoa ratio” needs to be between 3.0 to 3.2 times higher relative to the bthe price of the bean to be profitable, it also reports.

The problem is that we don’t know the revenue contribution of cocoa production to Olam’s revenue. It’s part of “Confectionery & beverage ingredients” which contributes 36% to revenues.

http://olamgroup.com/wp-content/uploads/2016/12/Olam-InvestorPresentation-Nov2016.pdf

Sad.

Whatever, Tenasek is laughing all the way to the bank, while Philip Ang, TJS and other cybernuts are banging their balls in frustration.

Yikes! Cynical Investor part of PAP IB?

In Uncategorized on 16/07/2017 at 11:20 am

Going by the u/m Chris K will have to unfriend me if he wants to remain friends with Tay Kheng Soon (Future of S’pore), the other unhappy anti-PAP activists (real life or cyber), and the cybernuts. I’m sure Jedi like Terry Xu, Tan Tee Seng and Eric Tan will not respond to my emails.

After all I use repeatedly: “talking cock” and “one party state“. And I regularly rubbish the opposition (here and here ) sowing “dissention, cynicism and suspicion”.

I don’t get credit for dissing PAP meh?

And by implication, TRE is also part of the PAP IB as it regularly uses my pieces and other pieces using “talking cock”, “sham democracy” and “one party state”.

Seriously Tay Kheng Soon is talking cock. He’s almost like Talk Cock, Sing Song King Lee Hsien Yang (Examples below)

Tay Kheng Soon

For the sake of healthy civilised discussion on FB it is necessary to reveal the tactics of the IB. They have names but they may not be real people. How we can tell is the same language they use repeatedly. “talking cock,” “sham democracy,” “one party state.” What is their aim? It is to disrupt civilised discussion to prevent public education. Their aim in this is ultimately to justify dictatorship by muting public voice. They are false democrats themselves. Thus they rubbish the opposition. They sow dissention, cynicism and suspicion. They hunt as a pack of predators. This way they instill fear, fear to respond to their attacks. If we fear them, they think they win. Dont let them!


Lee Hsien Yang talking cock 

The Hard Question about putting S’poreans First

In Economy on 15/07/2017 at 1:59 pm

This is something TOC, TRE and other anti-PAP new media outlets will never dare say.

Are we happy to pay more for goods and services if we try to only employ S’poreans? Because taz the Hard Truth consequence of paying S’poreans to do work that FTs do. Luckily for bleeding heart “progressives” who benefit from the lower prices that come from FT labour, this Hard Choice is made by the PAP administration who love FTs. The ang moh tua kees can feel good about calling for “S’poreans First” happily knowing that they won’t be given the choice of having it.

Here’s something from America from NYT. The employer’s tots are the tots of S’pore employers.

If you can’t get workers at $17 an hour, why don’t you offer higher pay?

In response to …, I got an email that said if we were to offer $35 an hour with health care benefits, we would definitely get people to apply; it said people who were highly qualified applicants with years of experience would probably line up at our door.

My response is: We would love to be able to offer $35 an hour as starting pay, but are you in turn willing to pay premium prices for your next roof replacement? A lot of customers we get through online lead services likeThumbtack are people looking for the best deal. They want to collect proposals from four to five businesses and most of the time choose the cheapest one.

We want to compensate our employees fairly for the work they do and the risk they take, but we wouldn’t be able to stay in business if we doubled the hourly rate. It’s not just their hourly wage that becomes a factor. Insurance in the roofing industry is extremely expensive. Not only are we required to carry expensive general liability insurance, we also have to have workers’ compensation insurance for employees on the roof. That comes to 40 percent of their wage. And on top of that, there’s payroll tax.

What Liu Xiaobo can teach S’poreans

In Uncategorized on 15/07/2017 at 11:14 am

Later today Gilbert Goh and the other usual suspects will be protesting at the failure of PM to sue his siblings. I hope that at least one of the speakers will also talk about what to me is the real scandal of Oxleygate: other ministers not suing the PM’s siblings. Unlike PM, they don’t have the excuse of blood ties.

S’pore and China are both one-party states (one de jure, the other de facto), but different in that in S’pore one a referendum is allowed every five yrs and where the ruling party wins by a majority of at least 60% of the popular vote, or as is bar once, a lot more. Hence 60% of the popular vote is the passing mark of the PAP’s popularity. To the PAP and S’poreans, a 60% win is really bad and it throws out bribes (using S’poreans’ money) to get a better score next time.

So the following remarks in an FT article about the life and death of Liu Xiaobo, are relevant to S’poreans especially to those who will later today protest at the PAP’s hegemony:

Liu imagined a country where Beijing residents might, for example, one day wear black T-shirts on the June 4 anniversary of Tiananmen. Who would the police arrest if thousands of people did that, let alone tens of thousands?

“Tyranny is not terrifying,” Liu wrote. “What is really scary is submission, silence, and even praise for tyranny. As soon as people decide to oppose it to the bitter end, even the most vicious tyranny will be shortlived.”

The PAP is not as formidable as it appears, something I’ll talk about soon, I hope. Meanwhile, here’s one reason why: the trains don’t run on time, and here’s why*.


*Do read this. V V gd analysis.

Oxleygate: “the curious incident”/ What S’poreans are not focusing on

In Political governance, Public Administration on 14/07/2017 at 10:36 am

“The dog did nothing in the night-time.”

“That was the curious incident.”

The real “scandal” is that DPM Teo and Lawrence Wong did not protect their reputations the PAP way, when the younger Lees defamed them by accusing them of doing their brother’s bidding, not PM not threatening to take legal action against his siblings, but doing a wayang in parly.

ESM Goh said in parly:

[I]t is clear that their goal is to bring Lee Hsien Loong down as PM, regardless of the huge collateral damage suffered by the Government and Singaporeans. It is now no more a cynical parlour game. If the Lee siblings choose to squander the good name and legacy of Lee Kuan Yew, and tear their relationship apart, it is tragic but a family affair. But if in the process of their self destruction, they destroy Singapore too, that is a public affair.

Now isn’t the attempt to destroy S’pore by making allegations against other ministers, not just their brother the PM, a good enough reason for said ministers to have demanded an apology and sued the younger Lees for defamation, if no grovelling apology was made? And what about their personal reputations? Why liddat?

After ESM’s Goh’s speech, Lee Hsien Yang posted

“We are not making a criticism of the Government of Singapore, as we made clear from the beginning. What we have said is that we are disturbed by the character, conduct, motives and leadership of our brother, Lee Hsien Loong.”
Read more at http://www.channelnewsasia.com/news/singapore/we-are-not-making-a-criticism-of-the-government-lee-hsien-yang-9006620

————————————————

Talk Cock Sing Song King Lee Hsien Yang talking cock again above. Other examples

Reading Lee Hsien Yang’s repeated “clarifications” on FB to his earlier FB “clarifications” (example on whether his wife’s law firm was used in the final will: he said “No” emphatically, but then went to explain what they did*), I can understand why the committee wants a statutory declaration and I can understand why he hasn’t given one.

Talking cock about the will

Didn’t do his job as executor

—————————————

Huh? I tot the younger Lees were making allegations that the ministerial committee set up to consider the fate of LKY’s house was doing their brother’s bidding, not making independent judgements and findings? That not attacking govt meh?

DPM Teo rightly responded:

“With regard to Dr Lee Wei Ling and Mr Lee Hsien Yang’s allegations against the Ministerial Committee, public agencies and public officers, the Government has already responded comprehensively to all of them in Parliament,”
Read more at http://www.channelnewsasia.com/news/singapore/38-oxley-road-govt-still-has-to-carry-out-responsibilities-for-9009684

This shows that, while the PM may have felt that he could not sue his siblings, DPM Teo or Lawrence Wong should have had no such qualms about suing PM’s siblings for the good of S’pore and their good name. They should have asked the younger Lees to withdraw their allegations against them, and apologise. Failing which, they’d sue the Lees.

While I’ve argued that that the cabinet full of Oxbridge men royally screwed up

Yesterday’s wayang and the preceding Lee family row could have been avoided if PM (from Cambridge) had not have gone to the cabinet about his doubts about the circumstances around the execution of the will and the cabinet committee headed by another Cambridge man had not decided to act on PM’s doubts.

DPM Teo, Lawrence Wong, and, possibly, other ministers should have been prepared to take legal action to protect the reputation of the cabinet and themselves. They didn’t and that me is the real scandal. It now seems that this White Horse and White Mare have privileges not extended to people like Roy Ngerng. Who else does do these privileges extend to?

Even now, the Princess of Oxley Road is attacking Shanmugam, raking over the ashes of her allegation of his conflicts of interest. Shouldn’t he be telling her to “apologise or else”, instead of sitting down and keeping quiet? She that special isit?

Gregory (Scotland Yard detective): “Is there any other point to which you would wish to draw my attention?”

Holmes: “To the curious incident of the dog in the night-time.”

Gregory: “The dog did nothing in the night-time.”

Holmes: “That was the curious incident.”

Silver Blaze by  Sir Arthur Conan Doyle

 

 

Oxleygate would have been avoided

In Uncategorized on 14/07/2017 at 6:05 am

If only LKY could have had his will done by email.

In the UK the BBC reports,

You could soon be able to write your will in a text or record it on a voicemail, the Daily Telegraph says.

It reports on a new consultation from the Law Commission for England and Wales, which says it wants to bring legislation on wills into the digital age.

The existing law on wills being written, signed and witnessed dates back to 1839.

The commission admits that the proposals could add to family disputes if people who are seriously ill make last-minute changes to their will on a smartphone or tablet.

Indian blood required to be Prez isit?

In Political governance, Public Administration on 13/07/2017 at 10:21 am

I didn’t know that it’s a constitutional requirement that being Indian or having Indian blood is a must to be the president. Did you? When was this change made? Wah really trying to make sure that Dr Tan Cheng Bock can’t be president.

Seriously, so another Indian (He says he’s “Pakistani but his i/c says “Mama” “Indian”, my sources tell me ) wants to be president:

Mr Farid Khan bin Kaim Khan, 62, has officially announced his intention to stand as a candidate in the upcoming Presidential election reserved for Malay candidates.

… who describes himself as a caring person is of Pakistani descent and his wife is of Arabic descent. He regards his family as part of a larger Malay community as his family speak Malay and practice the Malay culture. He has two children, a 24-year-old daughter, and an 18-year-old son.

TOC

Then there’s guy from Second Chance. Yes, I know his i/c says “Malay” but I know many Malays consider him to be “Indian”. These same Malays say “Yaacob’s ‘Arab'”.


Lines very blurred

Actually lines between the Malay community and some Muslim Indian communities are very blurred. As I explained once, in the 80s there was a really good senior MFA official who was always complaining that he was wrongly classified as Indian, not Malay.  This is what a very senior MFA official (Indian Muslim) said to me (and others) in the early 80s: “How do I answer my young daughter when she asks me why she’s Indian but her cousin’s Malay?”. He was always grousing that being classified as Indian hurt his career (he could have been a minister) because of the “quota” system for Indians and Malays. He had to compete with clever Hindus and not Malays.

——————————–

And juz wondering? What does Halimah Yacob’s i/c say given that dad was Indian Muslim? To be fair to her and the PAP, the Malays community does consider her “Malay”, no matter what her i/c may say. When she was in NJUS Law School (mid 70s), her cohort knew her as a “tudung” wearing Malay.

Whatever, Indians rule OK. There’s Devan Nair, Nathan (two terms) and then the next one too (even if it’s a “reserved” one for Malays). No wonder the Indians are uppity about their place in S’pore’s caste system.

Whatever, again, Khan’s case seems to show that Muslims are beginning to think that being Muslim makes them Malay.

What next? A Muslim Chinese can be a Malay? When the day comes when a Chinese Muslim is considered by the Malay community to be a Malay, then the PAP will have to rethink its Hard Truth that all politics are race-based, with a tinge of sectarianism.

Tot of the Lees

In Uncategorized on 13/07/2017 at 5:30 am

No more emails pls. Use chat apps as ang moh elites and our anti-PAP nuts like TJS, Goh Meng Seng and TKL do. Ok Ok, sane oppononents of the PAP also use chat apps.

From NYT Dealbook

THE SHIFT

As Elites Switch to Texting, Watchdogs Fear Loss of Transparency

By KEVIN ROOSE

Lawmakers, executives and other leaders are turning to encrypted chat apps to keep their communications under wraps, causing problems in industries where careful record-keeping is standard procedure.

What China did to Korea, it can do to us

In China, Tourism on 12/07/2017 at 1:51 pm

Our PM should be careful of upsetting the Chinese. They’ll stop sending tourists to our casinos and S’pore generally. This year

China is on track to becoming Singapore’s top tourist market, latest figures from the Singapore Tourism Board (STB) show.

Arrivals from China jumped 36 per cent to some 2.64 million visitors from January to November last year, compared with the same period in 2015.

ST in January

If the numbers keep up 18% of tourists will be from PRC.

But Korea shows what happen when China is angry

The Korea Tourism Organisation (KTO) predicted there could be 4.7 million fewer foreign tourists this year than in 2016 – a drop of about 27%.

China has banned travel agencies from selling package tours to Korea in protest at Seoul allowing a US missile defence system.

Visitors from China made up 46.8% of tourists in South Korea last year.

http://www.bbc.com/news/business-40565119

Truth about cars from car maker

In Financial competency, Financial planning on 12/07/2017 at 5:15 am

FT reports GM as saying when city dwellers buy a car, it depreciates “fairly rapidly, you use it 3 per cent of the time, and you pay a vast amount of money to park it for the other 97 per cent of the time”.

Related post

Did SMRT CEO Trains say “Disruptions are planned”?

In Temasek on 11/07/2017 at 11:19 am

But first what SMRT really means when it says “no choice”.

SMRT Trains’ CEO Lee Ling Wee said on Monday (Jul 10) “no choice leh”

SMRT had to test the new system throughout the day because it was being added to an already operational MRT line and would take “years” if it were only tested at times of the day which were less busy.

“If we were to restrict the performance checks to only weekends, or engineering hours (i.e. 1.30AM – 4.30AM), it would take Singapore years to implement the new signalling system on the NSEWL,” he said.

Read more at http://www.channelnewsasia.com/news/singapore/no-choice-but-to-test-mrt-signalling-system-throughout-the-day-9019020

What I think he’s mealy-mouthing is that SMRT’s staff don’t really know how the new signaling system will operate with the existing system in peak and normal hours, so they got to put it in when traffic conditions are normal, pray hard and debug when things go wrong..

This is the giveaway me thinks:

“The system hardware and software we have are customised for the unique local environment,” he said. “While the system supplier had experience working with other operators in the world, they are unable to simply replicate the well-oiled systems of Taipei, Hong Kong and London, and import those here.”

I think he says the disruptions* are planned going because

Unlike with the Circle Line incident last year – when SMRT had to conduct extensive tests to find out what was causing intermittent signalling issues in September and November – Mr Lee said that a “planned” approach was being used this time.

“This is unlike the Circle Line incident in 2016 when we dealt with unknown unknowns,” he said. “We are adopting a planned, systematic approach …

Read more at http://www.channelnewsasia.com/news/singapore/no-choice-but-to-test-mrt-signalling-system-throughout-the-day-9019020

Hey Desmond, get off yr ass and stop looking at yr bank statement, because in the 1990s

The renowned American military strategist, Edward Luttwak said that the only good thing about Singapore was that “the trains run on time”. (From the standpoint of 2017, that now seems like a funny remark, given the relative regular incidence of train delays on the MRT.)

Derek da Cunha on FB recently

I mean military men are supposed to make sure that the trains run on time. Taz why in the 19th century many US generals ended up running railway companies. Even a tin-pot dictator, Mussolini, is reputed to have made Italian trains run on time.

But u seem to be different. Because u scholar and SAF general isit? Everything is “paper” only?

—————————————————–

*The NSEWL has experienced multiple disruptions over the signalling system test period, with commuters taking to social media to voice their frustration. At the end of June, train services on the North-South Line were halted for nearly two hours due to a signalling fault. Part of the East-West Line was also disrupted.

 

Arabs making Noble a Noble Hse again?

In Commodities on 11/07/2017 at 7:05 am

Finally some good news for the shareholders of a once Noble House.

Noble Group said on Monday that Abu Dhabi’s Goldilocks Investment Company has raised its stake in the firm. Goldilocks’ direct interest in the group has risen from 5.03% to 8.19% after it purchased 41.6 million shares through a market transaction for S$23.2 million on July 6.

Goldilocks is a fund managed by ADCM Altus Investment Management, an indirect subsidiary of Abu Dhabi Financial Group. It now holds 107.6 million shares in Noble.

Noble has been looking for a strategic investor with cash to burn. Could Goldilocks make Noble great again ie a Noble House?

Oxley, AG & DAG-gates: Anti-PAP 30% got a lot to answer for

In Political governance on 10/07/2017 at 12:12 pm

They shouldn’t blame the PAP or the 70% who voted for the PAP. It’s all their fault that the PAP can suka suka do what it likes.

Recent developments have shown that a president Tan Cheng Bock could have made sure things were done differently, things that the usual suspects like Mad Dog Chee, Jeannette Chong (In two GEs, she was a candidate for two different parties. juz like Tan Jee Say) and Goh Meng Seng (three different parties in three GEs: Parachutist Extraordinaire), and cybernut friends and allies are upset about, and KPKBing about.

Jedi, Terry Xu, updated this https://www.theonlinecitizen.com/2016/10/10/amendments-to-the-elected-presidency-how-pap-stop-at-nothing-to-avoid-checks-and-balance-on-itself/  he wrote last yr to reflect recent developments.

He wrote

A president with Dr Tan Cheng Bock’s character would mean that many questionable requests — not to give clemency to death row inmates, withdrawal of reserves for “welfare policies” and etc — will be made public and having the president to be vocal about controversial policies and appointment of positions by the PAP administration.

One such example of controversial appointments that a person like Dr Tan will find issues with, would be the appointment of Mr Lucien Wong as Attorney-General in November 2016 to succeed Mr V K Rajah S.C for a 3-year term with effect from 14 January 2017. Mr Wong at the age of 63, was succeeding Mr Rajah who is retiring at the age of 60.

On 14 June 2017 in the joint statement of Dr Lee Weiling and Mr Lee Hsien Yang, it is made known that Mr Wong has acted as PM Lee’s personal lawyer on matters concerning 38 Oxley Road from 2015, and unknown when his commercial interest with PM Lee ended, or ended at all. No one knew Mr Wong was PM Lee’s personal lawyer when he was appointed, even when the Minister of Law and Home Affairs addressed concerns over Mr Wong’s appointment in Parliament, he made no mention of the matter to the Members of Parliament.

While PM Lee has stated that he had cleared Mr Wong’s appointment with the cabinet, CPA and the President during his closing statement on 4 July 2017, but this does not make the appointment of Mr Wong anymore justified. Any layman would ask if there is no better lawyer in Singapore who is younger and free of conflict of interest in order to carry out his or her duties as an independent individual to advise the government on legal matters. Despite PM Lee and Ms Indranee Rajah’s praise for Mr Wong’s exemplary performance as a lawyer, many would believe there are quite a number of lawyers who can also be up to the task.

The appointment of PAP’s former MP for Bishan-Toa Payoh GRC, Mr Hri Kumar Nair as Deputy Attorney General, is also no more different when it comes to conflict of interest or the lack of public appearance of impartiality.

Plenty of anti-PAP cybernuts KPKB on TOC FB’s wall after “reading” the piece.

My FB avatar commented

How many of those commenting voted for Tan Jee Say or Tan Kin Lian? The 30% who voted for these two should juz sit down and shut up. They had the chance to give the PAP a bloody nose. What did they do? Voted to ensure PAP controlled the presidency.

There was silence.

Seriously, there should be a new exhibit at Haw Par Villa:

 

Image result for ten courts hell haw par villa

A 11th court in Hell for Tan Jee Say, Tan Kin Lian, Goh Meng Seng (he prodded TKL into running and was his election adviser); people like Mad Dog, Jeannette Chong and Nicole Seah (remember her?) who openly* supported TJS; and the cybernuts. What were all these people thinking when they were effectively voting for the PAP’s preferred candidate.

With enemies like these, the PAP doesn’t need friends. Roll on, PAP hegemony. The PAP doesn’t need that house.


*Mad Dog did not publicly endorse him (unlike the other two) but he had plenty of help from SDP activists, help that could come if Mad Dog had approved of TJS.

Noble: Troubles never cease

In Commodities, Uncategorized on 10/07/2017 at 5:56 am

HSBC triggered a probe into the palm oil subsidiary of commodity trader Noble Group, which is facing allegations of preparing to clear pristine rainforest in Papua New Guinea.

FT

Time to call in the bomohs, sharmans or fung shui geomancers. HSBC is a lead bank to Noble.

Same show but ang moh stars paid a lot more than Asian stars

In Uncategorized on 10/07/2017 at 4:47 am

The producer of US TV show Hawaii Five-0 has spoken out about the departure of two cast members following reports the pair asked to be paid the same as their white co-stars.

Peter Lenkov said Daniel Dae Kim and Grace Park were offered “unprecedented raises” but “chose to move on”.

Kim and Park have appeared in the show since its inception in 2010.

According to Variety, the pair had been seeking the same salaries as stars Alex O’Loughlin and Scott Caan but were being offered between 10 and 15 percent less.

http://www.bbc.com/news/entertainment-arts-40529720

Book them: for demanding equal pay for equal work.

Samsung beats ang mohs hollow

In Uncategorized on 09/07/2017 at 2:26 pm

But ang moh tech cos have better valuations. Ang moh tua kee isit?

FT’s Lex thinks Samsung is undervalued given its competitive strengths in the semiconductor arena.

It points out Samsung’s quarterly operating profit of US$12.1bn surpassed that of its rival Apple, which is on track for an estimated operating profit of US$10.5bn for the same period.

This US $12.1b would be bigger than the combined operating profits of the four major US tech companies — Facebook, Amazon, Netflix and Google — estimated at US $11.15bn.

But there are good reasons why Samsung is worth less in terms of valuation multiples. There’s — Korean factors (S Korea can be attacked by the North, internal political instability and corporate governance is really lousy)

— conglomerate discount (old- fashioned industrial conglomerate, not high tech one like the American ones)

— semi conductors are cyclical in nature.

 

Chinese emperor that cared more for country than siblings

In Political governance, Public Administration on 08/07/2017 at 1:11 pm

Anyone really familiar with Chinese history or legend? I need a story about a Chinese emperor or tua kee ruler, official or general punishing his siblings or other relatives for hurting the state or breaking the law? A person that put the country or rule of law above family ties. I can’t think of anything from the “Romance of the Three Kingdoms” or “All Men are Brothers”, my reference books on Chinese history and legend.

Will be interesting if in Chinese history or legend no-one powerful put the rule of law or country before family.

Otherwise I will have to relate story from Roman “history” to make the point about putting rule of law or country before family. But I’m no ang moh tua kee.

If anyone got a Indian or Malay story on the issue, I’m also interested. Can make multi-racial and cultural the point about putting country or rule of law before family.

 

 

Shumethings never change in M’sia:

In China, Malaysia on 08/07/2017 at 5:52 am

Malays are “hewers of wood and drawers of water”

In Xiamen University Malaysia

The students study in English and mostly converse in Chinese languages. For now, Malay – the language of around 60% of the population – is confined mostly to campus staff working in convenience stories and serving student meals in cavernous dining halls, but officials hope to attract more Malay students as time goes on.

https://www.theguardian.com/world/2017/jul/07/going-global-china-exports-soft-power-with-first-large-scale-university-in-malaysia

Higher rollers bring more bang for the buck

In Casinos on 07/07/2017 at 1:18 pm

FT reports about a HK listco IPI

In 2016, IPI posted $32bn in betting volumes from VIP players, according to the group’s annual report, despite having not fully opened its Saipan casino. According to the company’s 2016 financial report, that volume was generated by just 16 VIP tables at its temporary premises.  In comparison, in the same year, the Venetian Macao, one of the world’s biggest casinos, generated gross betting volumes from VIPs of $29bn, according to its annual report.

But the downside is that it’s now being investigated for money laundering and, there’s the problem of bad debts if the high rollers or their junket sponsors have problems paying.

NS: Discrimination against Malays? What discrimination?

In Uncategorized on 07/07/2017 at 6:14 am

In the 50th year of NS, there’s a serious attempt to rewrite history about NS on social media and the internet generally, by saying Malays were discriminated by being exempted from NS. They were from 1967 to 1977, though there are allegations that even today many are exempted from NS.(sorry “discimated against”.)

I was one of those who did NS (Dec 73 to June 76) while my Malay contemporaries went to university. I’m sure that many S’poreans had the same experience. Discrimination against Malays? What discrimination? In my time, that policy was tot by people like me to be discrimination against S’poreans of other races to give Malays a leg up. Plenty of grumbles but we trusted Harry and gang to do the right thing by S’pore.

Note I’m not saying the PAP administration did not discrimate against Malays who served or wanted to serve in the SAF. They were and possibly still are. But that’s a different issue. I’ll go into this some other day.

 

I’m saying that when it came to NS, it was us Chinese, Indians and “Others” who had to do NS to defend S’porean Chinese, Malays, Indians and “Others”. Just like today, S’poreans do NS to protect S’poreans and FTs.

Feel free to whack PAP but don’t anyhow hantam.

Sounds like Aljunied town council at work

In Political governance on 06/07/2017 at 2:19 pm

In Mosul, the initial relief at liberation from IS’s reign of terror is already turning to grumbling. IS ran services and rubbish collection better, they say. They repaired the potholes in the road faster and kept electricity going.

Seriously if the wankers in the Worthless Party don’t step up their game in providing the basic servives, Aljunied GRC will be PAP once again. And 2011, will prove another false dawn, like 1991. And this time can’t put the blame on Mad Dog Chee.

Free prescriptions for chronic illness

In Public Administration on 06/07/2017 at 7:13 am

The PAP has sewn up the Pioneer Generation vote by using our money to pay the medical bills of the PG.

For the next GE, the PAP should give free prescriptions for those aged 45 and above for those suffering from diabetes or high blood pressure. That will make another group of elderly S’poreans prone to support the PAP.

And if the PAP is feeling the need for more votes, here’s a more comprehensive list courtesy of the NHS in England:

Which conditions qualify for free prescriptions?

  • diabetes mellitus, except where treatment is by diet alone
  • hypothyroidism that needs thyroid hormone replacement
  • epilepsy that needs continuous anticonvulsive therapy
  • a continuing physical disability that means you cannot go out without the help of another person
  • cancer, the effects of cancer and the effects of cancer treatment
  • disorders such as Addison’s disease, a rare hormone disorder of the adrenal glands, for which specific therapy is essential
  • diabetes insipidus and other disorders where the pituitary gland is not functioning well
  • hypoparathyroidism, where the parathyroid glands are not making enough hormones
  • myasthenia gravis, a disease that affects the nervous system and leads to muscle weakness
  • a permanent fistula (for example colostomy) that needs continuous surgical dressing for example

http://www.bbc.com/news/health-40431800

“Strong push back”? What “strong push back”?

In Political governance, Public Administration on 05/07/2017 at 1:46 pm

PM said on Monday there was “strong push back from the public” on the demolition of the house.

Huh? A poll then showed over 70% of Singaporeans supported demolition of the house. Even a very recent poll showed a lot of support for demolition https://sg.news.yahoo.com/live-blog-pm-lee-deliver-ministerial-statement-38-oxley-road-011158139.html

And there’s this I highlighted on Monday.

So where did LHL get his statistics from? Can we assume a secret poll that ignores us plebs i?

But then that would be par for the course for him and his cabinet, 36% of which are from Oxbridge, and 32% from Cambridge. 

Seriously it is the atas anti-PAP people like Tay Kheng Soon and friends (unlike their cybernut pleb allies like Teo Soh Lung) who want the house preserved presumably to give the finger to our dearly beloved Harry: “Ha, ha ha, yr house is being preserved against the wishes of u and Mrs Lee,” they can say quietly. But to be fair to them, they talk about preserving history and heritage, not about giving the finger to LKY. But that’s their intention.

Looks like PM and his cabinet prefer to listen to their subversive views on the house rather than the opinion of the masses who vote for the PAP. They, like me, want the cabinet of the day to accede to his (and his wife’s) wishes on the house when their daughter no longer defiles the sacred ground.

It’s not that surprising that the views of subversives and “enemies of the people” are seemingly preferred to those of the PAP masses because as Chris K points out Cambridge in the 1930s was notorious for upper class traitors who wanted to subvert the British way of life. I mean even one Harry Lee wanted an end to rule to British rule of S’pore: a radical tot then. But it’s very strange that our LGBTs have been bullied and harassed recently, unsuccessfully as it turns out, because as Chris also points out Cambridge was notorious for its gays.

Riposte to “Blood is thicker than water” and other BS reasons not to sue

In Political governance, Public Administration on 05/07/2017 at 5:21 am

A pleb posted this:

This is seriously a joke when a young guy makes a mistake we don’t say he is a little boy let’s forgive him we punish him and put him to shame! Now it’s because the PM ‘a issue they can talk about sensitivity and how we should think about their parents thoughts and principals!!! What in the Hell is happening? Is this a government that we could trust? Parliament has become their family playground and people and countries issues can take rest for now! So this is what LKY has given us! A problem not just for the family but to the entire Nation. Thank you!

“principals”: must have meant “principles”

Oxleygate: S’porean BBC reporter gets it right

In Political governance, Public Administration on 04/07/2017 at 3:03 pm

Sorry to have to return to abalone and suckling pig, but Tessa Wong our very own BBC reporter got it right

At first Singaporeans were mesmerised but now the saga is tiring them out. Many are confused about the case, and wondering why Mr Lee and his siblings have not resolved the matter through legal action or otherwise.

Singapore is used to swift resolution of public conflicts, and if this does not end soon, questions may be raised about Mr Lee’s handling of the feud.” http://www.bbc.com/news/world-asia-40477724

I was at a dinner on Sunday and while the diners (people who would vote for Dr Tan Cheng Bock in a PE and PAP in a GE) were looking forward to Monday’s wayang, they also wanted the show to end soon.

 

Amos: 7 months in US jail, 4 more to go at least

In Uncategorized on 04/07/2017 at 1:05 pm

I tot readers might want to take a break from Oxleygate and sneer, ridicule or laugh at Amos Yee.

OK, there’s a big difference between sneering, ridiculing or laughing at very privileged spoiled brats and PAP ministers, and one of their pleb “victims”. But one can grow tired of abalone and suckling pig, and go for cold porridge and kiam chye for a change.

Amos Yee’s poatings arenot by him but by people sympathetic to him. Ah well there are loonies born every day. Juz look at M Ravi.

Although Amos has won his case for political asylum in the US, the prosecutor [Chief Consul: Karen E. Lundgren, Assistant Chief Consul: Elizabeth Crites] appealed the case. Meaning, even though Amos has already been in American jail for 5 months, he has to stay in jail for another 6 more months until the judge makes a decision on the appeal. Amos was on suicide watch in the jail hole for the past 2 weeks.

So by the end of the process, he’ll have spent 11 months in an US jail and about a month in detention here. Still a good idea to dodge NS the Amos Way, Mother Mary? Especially as his asylum application could still be rejected.

Did he get the book he wanted?

Amos is still needlessly in prison because the government continues to challenge the court ruling that granted his political asylum. The government’s decision to continue to incarcerate him weighs heavily on his spirits as he continues to fight against the enduring stress of his imprisonment in the US and the trauma from his imprisonment in Singapore. Amos has found comfort reading books that his supporters have sent him over the weeks. Amos has requested Joshua Benjamin Jeyaretnam‘s book “Make it right for Singapore: Speeches in Parliament, 1997-1999” in solidarity with those who have been unjustly persecuted by their governments. Amos extends his solidarity to those around the world who fight against authoritarian regimes. From Raif Badawi in Saudi Arabia, to WikileaksJulian Assange in the UK, to Liu Xiaobo in China, to Edward Snowden in Russia, I stand with you.

The prison only allows paperback books purchased from large retailers such as Amazon. The Amazon link has been provided below.

https://www.amazon.com/Make-right-Singapore-Parliament-1…/…/

Books can be shipped to:

Amos Yee – Inmate #300802
Dodge Detention Facility
216 W Center St.
Juneau, WI 53039
USA

All Singapore Stuff , The Independent Singapore , Mothership.sg , The Online Citizen SG , The Straits TimesYahoo Singapore , 黃之鋒 Joshua Wong , Singapore Embassy in Washington DC

Make it right for Singapore: Speeches in Parliament, 1997-1999
AMAZON.COM
Wayang king at work. But is anyone watching?
May 20 ·

The US government still hasn’t released Amos Yee despite Amos’s asylum being approved by Judge Samuel B Cole. We suspect that the Singaporean government might have a role in interfering in a US court’s ruling that the Singaporean government acted against Amos in bad faith and that Amos should be granted political asylum. As a result of Amos’s numerous prolonged stays in detention his psychological health is suffering. In the US, Amos has been placed twice in solitary confinement.

On the first occasion he was in solitary confinement for 2 weeks. According to Amos, he decided to attend a religious lecture with a visiting Imam. During that lecture Amos challenged the Imam claiming that Muhammad had left many violent statements in the Quran. The Imam challenged him to prove it, Amos asked the Imam for the Quran so that he could show him the verses, the Imam called security on Amos where he was immediately placed into solitary confinement for 2 weeks.

On the second occasion that Amos was placed into solitary confinement it was after he was visited by a reporter. The reporter believed Amos to be suicidal, the proper authorities were notified of Amos’s situation, and he was then immediately placed on suicide watch for two weeks. During suicide watch Amos was placed in a small cell, he wasn’t allowed any cell mates, he wasn’t allowed access to the common areas, he wasn’t allowed to shower, and had numerous other privileges limited during that time.

Amos is currently out of suicide watch but his prolonged stay in jail is only making his situation even worse. Amos is suffering under great psychological stress. We are disappointed that immigration authorities under the Trump administration would not uphold our Western values of taking in persecuted political dissidents; our country was founded on these principles. We can only suspect interference by the Singaporean government as there would be no other legitimate reason for Amos to be detained for so long after being granted asylum by the court. All updates on Amos’s page are being made on his behalf by people working on Amos’s case.

Remember Mother Mary telling us that he was faking it when he looked “lost” when he got out of detention here and that his claims of feeling suicidal when inside were lies? Funny her post on this was removed.

8 ministers from Oxbridge but still can cock-up?/ One-term Malay MP?

In Investment banking, Political governance, Public Administration on 04/07/2017 at 5:06 am

I tot the above when I read

At the peak of Japan’s 1980s bubble [Nomura] … recruited more Oxford and Cambridge graduates than any institution outside the British government.

FT

Nomura has since been struggling to be great again. It’s now ranked 17th among investment banks. In the 80s, it was ranked alongside Goldie, Morgan Stanley, First Boston (disappeared into Credit Suisse) and Merrills (part of BoA today)

Given that there are seven Cambridge graduates and one Oxford graduate (Desmond Lee) in our cabinet of 22 ministers, no wonder we are no longer great. Sad.

(The seven from Cambridge are PM, DPM Teo, Hng Kiang, Zorro, Gan, Heng and Kee Chui.)

Yesterday’s wayang and the preceding Lee family row could have been avoided if PM (from Cambridge) had not have gone to the cabinet about his doubts about the circumstances around the execution of the will and the cabinet committee headed by another Cambridge man had not decided to act on PM’s doubts.

As a PAP Malay MP (Likely the central committee is already looking for her replacement for the next GE) pointed out

PM Lee’s comments in statutory declaration may appear to be a “backdoor approach” in challenging validity of his father’s will.

MP Rahayu Mahzam

Err maybe she reads me or the FB postings of a really, really smart lawyer? No not M Ravi or Jeannette Chong. The guy votes PAP but his legal brain is as sharp as a razor.

Whatever, she has balls of steel or is a real sotong to believe “vigorous debate” means “vigorous debate”. Her Chinese and Indian colleagues know better.

Survey shows S’poreans don’t believe PM’s siblings

In Political governance, Public Administration on 03/07/2017 at 10:55 am

But want house demolished.

Really sitting on the fence. But when White Horses fight, that’s the best place from which to view the spectacle.

https://www.worthpoint.com/worthopedia/lladro-horses-group-horses-fighting-515424428

No automatic alt text available.

Harry’s Hard Choice for “filial” daughter that she’s avoiding

In Political governance, Public Administration on 03/07/2017 at 6:17 am

But first, double confirm, Lee family feud is all about younger siblings’ unhappiness with tai kor.

Don’t believe me? Just read the last para of one of Lee Hsien Yang’s latest FB posts:

We are simply very sad that it is in fact Hsien Loong using powers and instruments … for his personal agenda, whilst pretending to be an honourable son.

Forget all the BS about the abuse of power, the absence of “checks and balances to prevent the abuse of government”: his siblings are upset that he’s a hypocrite and want to expose him as such.

Now I sympathise with their anger: PM should not have gone to the cabinet about his doubts about the circumstances around the execution of the will and PM did attack his brother and wife’s integrity.

Whatever, the govt has no problem with Lee Wei Ling living in the house (as per LKY’s and wife’s wishes) because it pushes the problem of what to do with the house into the future (30 yrs at least; when S’poreans may want it preserved as a shrine to the genius of the PAP, unlike now.

It’s the PM’s siblings who want a decision now.

A decision by the govt today (say tear that house down), cannot bind the govt of the day when she moves out to say turn house into shrine for Harry. So are the siblings really calling for a constitutional change to enshrine Pa’s wishes in the house? If so they should say so.

If Lee Wei Ling wants her cake (stay in the house), she cannot eat it (get it torn down when she leaves) short of a change in the constitution. She should also remember that in S’pore, changing the constitution is as easy as changing one’s underwear.

If she wants to force a decision on the house now, when a majority of S’poreans want Harry’s wish to be honoured, she has to leave it now. 

And trust S’poreans to get the PAP administration to acede to Pa’s wish to demolish the house after she leaves. As things stand, the PAP administration is aceding to his wish that she lives in the house.

Anything less than moving her ass out (or saying she’ll move said ass out) will double confirm she’s a spoiled brat. Pa in his wisdom left her with a Hard Choice, a choice that she refuses to acknowledge.

Btw, LKY must be  laughing at his eldest son and daughter. He willed the house to him but gave her the right to live in it, when I’m sure he knew they were not on the best of terms. Pay back time for both of them? Remember when she rowed with Pa, she lived with PM and Ho Ching and their family. This shows that she’s an ingrate like TRE cybernuts. No wonder she’s their new heroine.

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