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Archive for August, 2017|Monthly archive page

PR BS from DBS

In Banks, Humour on 23/08/2017 at 6:40 am

Training? What training? Support? What support?

DBS Bank will be investing more than S$20 million over the next five years in a programme that will train its 10,000 employees in Singapore in digital banking skills and technologies.

The move is in support of Singapore’s vision to be a Smart Nation which Prime Minister Lee Hsien Loong highlighted during his National Day Rally speech, it said in a press release on Monday (Aug 21)*.

Break down the $20m to a yearly figure ($4m) and divide the $4m by the number of employees (10,000), and u get $400 per employee a year. Peanuts.

What training for digital banking skills and technologies can one get for $400 per employee per year?

Training? What training? Support? What support? It seems to be more about  carrying the PM’s balls, than anything else.

No wonder we not that Smart a nation.

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*The article goes on: The broad-based programme will include artificial intelligence (AI)-powered e-learning. AI can make personalised course recommendations for employees and help them to collaborate and engage in mobile education at any time or place across the bank, it said.

Employees can also try experiential learning, where they will be able to go on paid sabbaticals to work on prototypes and start their own businesses. Accelerator programmes will provide mentorship and funds for intrapreneurs.

Staff can likewise apply for grants and scholarships to upskill themselves in emerging technologies like data and analytics, desiging thinking and automation, the bank said. Innovative learning spaces, like the DBS Academy and DBS Asia X, are also part of the programme, where employees have access to digital master classes, or work in collaboration with start-ups and the broader fintech community.

Read more at http://www.channelnewsasia.com/news/singapore/dbs-to-invest-s-20-million-over-5-years-to-transform-employees-9143874

The top 15 funniest jokes from the Fringe

In Humour on 22/08/2017 at 2:56 pm

Leading joke is a “groaner”. I;d have voted for the Trump joke.

1. “I’m not a fan of the new pound coin, but then again, I hate all change” – Ken Cheng

2. “Trump’s nothing like Hitler. There’s no way he could write a book” – Frankie Boyle

3. “I’ve given up asking rhetorical questions. What’s the point?” – Alexei Sayle

4. “I’m looking for the girl next door type. I’m just gonna keep moving house till I find her” – Lew Fitz

5. “I like to imagine the guy who invented the umbrella was going to call it the ‘brella’. But he hesitated” – Andy Field

6. “Combine Harvesters. And you’ll have a really big restaurant” – Mark Simmons

7. “I’m rubbish with names. It’s not my fault, it’s a condition. There’s a name for it…” – Jimeoin

8. “I have two boys, 5 and 6. We’re no good at naming things in our house” – Ed Byrne

9. “I wasn’t particularly close to my dad before he died… which was lucky, because he trod on a land mine” – Olaf Falafel

10. “Whenever someone says, ‘I don’t believe in coincidences.’ I say, ‘Oh my God, me neither!”‘ – Alasdair Beckett-King

11. “A friend tricked me into going to Wimbledon by telling me it was a men’s singles event” – Angela Barnes

12. “As a vegan, I think people who sell meat are disgusting; but apparently people who sell fruit and veg are grocer” – Adele Cliff

13. “For me dying is a lot like going camping. I don’t want to do it” – Phil Wang

14. “I wonder how many chameleons snuck onto the Ark” – Adam Hess

15. “I went to a Pretenders gig. It was a tribute act” – Tim Vine

http://www.bbc.com/news/uk-scotland-40999000

NYT discovers that Chinese internet firms are big

In China, Internet on 22/08/2017 at 2:16 pm

Can’t stop laughing that this fan of Hilary Clinton and hater of The Donald (he returns the hate) has only just discovered the existence of big Chinese internet firms.

From NYT Dealbook

The new Silicon Valley may be in China.
America’s technology giants have new neighbors as the Chinese companies Alibaba Group and Tencent Holdings have quickly become darlings of global investors by dominating their home market.
Alibaba and Tencent are among the world’s most highly valued public companies, with market capitalizations twice as big as the longtime tech leaders Intel, Cisco and IBM.
They have joined an elite club of tech companies worth $400 billion and up that has been dominated by American businesses: Apple, Amazon, Facebook, Google and Microsoft.
“We’ve come to the point where China has finally caught up with the U.S. in the internet space,” said Hans Tung, a managing partner at the venture capital firm GGV Capital.
Alibaba and Tencent have grown to prominence by dominating e-commerce and online life in China, the world’s largest internet market. Their growth has come as Western companies, such as Facebook, have been blocked by the country’s tight internet controls.
This week, Alibaba and Tencent reported financial results that were well ahead of analysts’ expectations and point to the growing influence of technology on the Chinese economy.
Tencent is expected to soon become the only company other than Facebook to have a social network with more than a billion users, while Alibaba has more than 500 million monthly active users for its online shopping apps. The Chinese companies’ revenue also grew at a faster pace in the past three months than at Facebook and Alphabet, the parent company of Google.

Why S’poreans eat white bread

In Political governance on 21/08/2017 at 5:06 pm

Going by his comments on eating wholemeal bread rather than white bread PM doesn’t know

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At some point around 1789, when being told that her French subjects had no bread, Marie-Antoinette (bride of France’s King Louis XVI) supposedly sniffed, “Qu’ils mangent de la brioche”—“Let them eat cake.”

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that wholemeal bread is more expensive than white bread. A lot more expensive

The price of a slice of a loaf of white bread (economy) from Giant is 7 cents. The slice of Giant’s wholemeal bread (economy) is 10 cents. When I last bought FairPrice’s bread, the price difference was also about 43%.

Taz a big difference.

Well if I earned millions like PM, I too would only eat wholemeal bread, not white bread. Or rather if I earned millions, like PM, I’d be always eating multi-grain bread or rye bread as a matter of course. Wholemeal bread is the cheapest of “good” bread. And really the really rich shouldn’t be crowding out the poor by buying cheap good bread,

But as a retiree I have to watch my pennies. As a slice of wholemeal bread is 43% more expensive than a slice of white bread for every two slices of white bread, I take one slice of wholemeal bread. Mix and match.

Seriously, PM is seriously out-of-touch about why S’poreans eat what they eat. It often depends on what’s affordable, not what is good for health.

Where else is he he out of touch? What do u think?

 

 

Biblical verses that explain Lees’ row?

In Uncategorized on 21/08/2017 at 7:30 am

Has Jehovah put a curse on the Lee family?

Reading this where a grandson of LKY KPKBs about draconian detention laws that Harry passed because they could have been used against him (Btw, he never said anything about Ah Kong’s role in those laws), I couldn’t help but think of several Old Testament verses especially since Harry often came across as an intolerant Old Testament prophet serving an equal intolerant God of Hard Truths.

— “The Lord … visits the iniquity of the fathers on the children and the children’s children, to the third and the fourth generation.”

— “Because of their iniquity, and also because of the iniquities of their fathers they shall rot away like them.”

And the Old Testament gave a really good example of this curse (OK retribution) in action. King David arranged the murder of a man so that he could marry his wife. Their son became King Solomon after a few personal tragedies for David .

There was the  rape of David’s daughter by his eldest son and heir, Ammon, and Ammon’s murder by another of David’s sons:

The first recorded event defining Absalom’s life also involved his sister Tamar and half-brother Amnon. Tamar was beautiful, and Amnon lusted after her. When Tamar rebuffed Amnon’s advances, he arranged, through subterfuge, to have her come to his house, where he raped her. After the rape, Amnon put Tamar out of his house in disgrace. When Absalom heard what happened, he took his sister in to live with him. For the next two years, Absalom nursed a hatred of his half-brother. Then, using some subterfuge of his own, Absalom invited Amnon to his house for a party. During the festivities, in the presence of David’s other sons, Absalom had his servants kill Amnon in cold blood.

Out of fear of his father, Absalom ran away to Geshur, where he stayed for three years … David’s general,Joab, was ultimately responsible for bringing Absalom back to Jerusalem. However, even then, Absalom was not permitted to enter David’s presence, but had to live in a house of his own. He lived this way, presumably never contacting or being contacted by his father, for two years. Finally, once again by way of Joab’s intercession, the two men get back together, and there is a small measure of reconciliation.

https://www.gotquestions.org/who-was-Absalom.html

David’s son by another marriage, Absalom, his favourite, later rebelled against pa, had sex with David’s harem and was killed by Joab despite David’s orders to treat him gently.

Then, after the death of Solomon, it was all downhill for David’s dynasty.

So maybe Teo Soh Lung should be less angry? Jehovah is giving her the opportunity for the last laugh? After all laughing at yr oppressors’ family misfortunes is the best revenge.

So all those who hate Harry and all he stood for should really be very happy that his children and one grandchild are rowing and disgracing his Leegacy. Trebles all round.

 

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?

———————————-

*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.