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Archive for 2018|Yearly archive page

Why the PAP is really afraid of Facebook?

In Uncategorized on 10/12/2018 at 4:39 am

Yellow vest protests ‘economic catastrophe’ for France

(BBC headline)

The PAP is trying to intimidate Facebook not really because of fake news but because Facebook can be used to turn sheep into wolves.

Much has already been written about the anti-Muslim Facebook riots in Myanmar and Sri Lanka and the WhatsApp lynchings in Brazil and India. Well, the same process is happening in Europe now, on a massive scale. Here’s how Facebook tore France apart. (BuzzFeed)

Buzzfeed reported on 6 December (before the above BBC headline)

This week, protesters scaled the Arc de Triomphe, burned cars, and clashed with police in the third consecutive weekend of riots in France. More than 300 people were arrested in Paris last weekend alone, and 37,000 law enforcement officers have been deployed around the country to restore order.

The “Gilets Jaunes” or “Yellow Jackets” protests have only gotten more violent since they began last month. Three people have died, hundreds more have been injured. To hear the protesters tell it, they’re marching through the streets to fight back against rising fuel prices and the high cost of living in the country. Beyond that, though, it’s an ideological free-for-all. Fights have also been witnessed among demonstrators, and some have sent death threats to other protesters.

But what’s happening right now in France isn’t happening in a vacuum. The Yellow Jackets movement — named for the protesters’ brightly colored safety vests — is a beast born almost entirely from Facebook. And it’s only getting more popular. Recent polls indicate the majority of France now supports the protesters. The Yellow Jackets communicate almost entirely on small, decentralized Facebook pages. They coordinate via memes and viral videos. Whatever gets shared the most becomes part of their platform.

Due to the way algorithm changes made earlier this year interacted with the fierce devotion in France to local and regional identity, the country is now facing some of the worst riots in many years — and in Paris, the worst in half a century.

https://www.buzzfeednews.com/article/ryanhatesthis/france-paris-yellow-jackets-facebook

To be fair to the sheep and the French, the French mob doesn’t need much to get it violent. But you know what I’m trying to drive at: Facebook is a great tool to organise and energise people.

Over to you Mad Dog. Turn the sheep into mad dogs? Still say we got to appease the neighbours? Yr silence is deafening.

Disassociate yrself from Tan Wah Piow, PJ Thum and Kirsten Han* ( “Antics Of Civil Society Activists Endanger Opposition Cause”); and Jolovan Wham: Nothing wrong in asking Tun M to intervene in S’porean affairs. Their silence is deafening shameful and in character. Sad.

(Last four sentences added after first publication)

 

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Tan Kin Lian thinks Tun is more sinned against than sinning

In Malaysia on 09/12/2018 at 10:46 am

Whatever one can say about TKL, he’s got the balls to speak out in support of Tun unlike Tun brown nosers Tan Wah Piow, PJ Thum and Kirsten Han* ( “Antics Of Civil Society Activists Endanger Opposition Cause”); and Jolovan Wham: Nothing wrong in asking Tun M to intervene in S’porean affairs. Their silence is deafening shameful and in character. Sad.

Some people think that Dr. M is back to his old ways of “do Singapore in”. This perception is also being fanned by some people at senior levels and the media.

I have a different view. Here are my reasons:

a) Dr. M today is quite different from the past. He came back from retirement to remove a kleptocratic govt (quoting the description that he used). He does not want to see his country go down the drain.

b) Malaysia faced financial challenges. His ministers approached Singapore to waive the penalty for the cancellation of the High Speed Rail. We refused. He asked Singapore to pay a higher price for the water. We refused.

c) He came to Singapore during the ASEAN meeting to receive an honorary doctor of law degree (which he does not need). His main purpose was, in my guess, to talk about the price of water. The meeting concluded with an understanding to continue discussions. We are talking about $15 million a year, not a lot of money.

Dr. M must be disappointed at the attitude of the Singapore govt leaders. I can understand his disappointment.

I have been alarmed at the billions that we spend on infrastructure projects in Singapore. In some cases, I felt the large sums spent were excessive and unnecessary.

I would certainly have preferred to spend just a few hundred millions to build good relations with Malaysia, especially during their hour of need.

Sadly, we did not extend a hand of help. We missed the opportunity to build goodwill.

We will now pay the price for the bad relations. It will cost many times more than the money that we should have spent.

Some people will argue that we need to be “principled” and to adhere to the rule of law and contractual agreements.

I cannot understand why being “principled” should preclude us from being generous in helping someone who needs the help.

There is still time to change our approach. I hope that our foreign minister can play a role in bringing this about. He should not miss this opportunity.

Tan Kin Lian

Excluding those ex-NTUC Income staff who voted for him because they didn’t want him to lose his deposit (he was a good CEO and I understand their loyalty to a good, fair boss) and those who he (and I and others) tried to help over mini bonds etc (a gesture of gratitude); I hope the others who voted for him now realise that they were irresponsible voters especially as Dr Tan Chin Bock lost by a short nose.

Don’t play play with yr vote.


*OK, OK , as she’s a gal, she can’t have balls. But u know what I mean LOL.

When M’sia threatened war/ Gd day to sink a RMN vessel

In Malaysia on 08/12/2018 at 2:50 pm

I kid u not. In 2003

Malaysia’s leadership greeted the New Year with two statements of aggression toward its neighbours.

One threatened to go to war with its closest neighbour Singapore over an island dispute. The other offered a ‘bloody nose’ to countries such as Australia for its ‘white-man sheriff’ attitude.

https://www.scmp.com/article/402210/malaysia-threatening-war-island-row

More

The Bernama news agency reported Foreign Minister Syed Hamid Albar demanding, under threat of war, that Singapore learn to compromise over the disputed island of Batu Puteh, which is also known as Pedra Branca.

‘Singapore has two choices. If it refuses to compromise . . . go to war,’ Mr Syed Hamid said on Tuesday.

He accused Singapore of caring only about its economy, claiming that Malaysia was generally more intent on being a good neighbour who believes war is not the answer.

Singapore maintains the disputed island and has built some additional structures on it.

Malaysian journalists who recently approached the island were turned back by Singaporean marine police.

It’s a good to ram and sink a M’sian vessel if there’s one in our waters today. There’ll be a riot in KL when word gets out, what with this crowd: https://www.channelnewsasia.com/news/asia/malaysia-anti-icerd-rally-in-kuala-lumpur-thousands-arrive-11012828

Tun will either have to sit down and shut up or declare war.

Either way Najib will be back in power.

Malay Malaysian academic says Tun trying to distract attention from govt failings

In Malaysia on 08/12/2018 at 7:04 am

I’m (Let’s gloat at Tun as he threatens us) not the only one thinking that Tun is rowing with S’pore to distract attention from domestic problems

Awang Azman Awang Pawi, a political-science professor at the University of Malaya said Tuesday’s development had to be viewed in the context of Malaysia’s easing euphoria over the Mahathir government.

While it enjoyed widespread support for toppling Najib’s scandal-tainted administration, the ruling Pakatan Harapan coalition is now facing myriad pressures over issues from race tensions to its declaration that not all election promises may be fulfilled.

Azman said Mahathir had initially used concerns about excessive Chinese economic influence in the country “to raise the spirit of nationalism” in the first few months of his government.

But as ties with Beijing have since been smoothened, the issue of airspace sovereignty with Singapore may now fill that role, the professor said.

https://www.scmp.com/week-asia/geopolitics/article/2176304/malaysia-singapore-ties-hit-turbulence-over-air-traffic?fbclid=IwAR1WRzOlSveAbJ_42gj7QBNQC85uyvnCZ9P15xukfwSOb2Olsrqxe7DplzM

Wonder come Monday morning, Awang Azman Awang Pawi will find that he’s no longer a professor at the University of Malaya?

Tun is not amused.

Update at 11.15am

Writing on Facebook on Wednesday (Dec 5), former Singapore diplomat Bilahari Kausikan noted that it is “not an accident that so many old bilateral issues” have resurfaced following Malaysia’s change of government.

“The new governing coalition is intrinsically unstable and held together by a 93-year-old man,said Mr Kausikan, referring to Dr Mahathir. Mr Kausikan was formerly the permanent secretary at the Ministry of Foreign Affairs and now chairs the National University of Singapore’s Middle East Institute. “Political uncertainty in Malaysia inevitably leads to Singapore being used as a bogeyman to hold things together,” he added.

Traditionally, Singapore has been the “punching bag” for Malaysian leaders when they face domestic pressure. And things are no different this time, said political scientist Bilveer Singh from the National University of Singapore. The new Malaysian PH government is struggling to deliver its campaign promises, and has had to deal with infighting within the coalition. Racial tensions have also been reignited following a riot at an Indian temple last month. The “honeymoon period” for the PH government is over and the “realities are hitting home”, said Assoc Prof Singh.

On the recent run-ins between Malaysia and Singapore, he added: “This is more ‘Mahathirian’ than a Malaysian (approach).”

https://www.todayonline.com/singapore/why-singapore-malaysia-maritime-and-airspace-disputes-matter

Let’s gloat at Tun as he threatens us

In Energy, Malaysia on 07/12/2018 at 10:56 am

Because given the abolition of GST, Tun has a problem: shortage of $ to fund his promises. Until recently, the problem looked containable because of oil prices above US$70.

In Oct, Tun said the government was estimating the 2019 Budget allocation based on an average crude oil price of USD70 per barrel, although the benchmark Brent crude oil is nearing USD80 per barrel currently.

Now it’s below US$60, actually around U$S58.

So what does he do? Try to distract the Bumi Malays by threatening S’pore. (Related post: One reason Tun wants to cause trouble with us on HSR)

Let’s ram and sink their vessels. They can’t afford to replace them.

Notice the silence of TOC and other Tun’s fans who were cheering him on when he wanted to cancel HSR without compensation? They said he was right and S’pore should appease him: Anti-PAP S’poreans sucking up to Tun and Two-face Tun/ Why vote PAP.

One of them has gone back to posting about gd food in Johor and S’pore on FB. Doubtless he’s spending the 30 pieces of silver paid by M’sia’s Special Branch.

And do remember that TOC queried why we needed an air force when RMAF’s planes were grounded because of failure to maintain. A gd reason to raid TOC’s Terry in my view.

And do also remember that Mad Dog thinks we must be nice to people like Tun.  And remember this too: Jolovan Wham: Nothing wrong in asking Tun M to intervene in S’porean affairs.

Our anti-PAP types sure love to help the PAP retain power by repeatedly shooting themselves in the ass.

Update at 1.29pm: Let’s ram and sink this ship: https://www.channelnewsasia.com/news/singapore/malaysian-port-limits-vessel-polaris-buoy-singapore-waters-11007250

And dare Tun escalate hostilities or sit down and shut up. Btw sounds like P(olitican) Ravi has joined the appeasers. Recent FB posts:

The trouble with having so many Generals in the Cabinet, is that it may choose a more aggressive approach in solving a crisis over choosing a more diplomatic solution.

Yes, time to stand united against threats to sovereignty, but cooler heads should prevail.

How we deal with Malaysia over the encroachment issue, should be no different from how we dealt with the Chinese when they seized our infantry fighting vehicles.

and

The principle of approach to resolving the crisis should be the same. What do you suggest? We go to war?

How Tampines Town Council can use AI to improve productivity

In Uncategorized on 06/12/2018 at 2:08 pm

I recently read that Uber is using AI to monitor its drivers’ performances, with its systems picking up whether a particular trip has taken a much longer or shorter time than usual.

Well when the the Tapoines Town Council adds AI to the existing monitoring system that it recently implemented to keep the place clean, Tampines will be cleanest GRC in S’pore.

After gripes from residents over the cleanliness of their estate — such as their corridors not being swept — the Tampines Town Council has rolled out a monitoring system that offers more detailed insights into a cleaner’s routes, down to the floors that they have covered in a day’s work.

The system, which uses vertical positioning technology, tracks the completion of the work carried out by the estate’s cleaners more effectively. While a cleaner whom TODAY interviewed expressed reservations about the surveillance and his company wanting to “control” him, the town council said the system will protect them when disputes with residents arise over whether certain areas had been cleaned.

https://www.todayonline.com/singapore/tampines-town-councils-new-monitoring-system-tracks-cleaners-they-work

 

I tot of Amos, wondering how he is

In Uncategorized on 06/12/2018 at 5:05 am

A seven-year-old boy who reviews toys has been revealed as YouTube’s highest-earning star, raking in $22m (£17.3m).

[…]

Asked by NBC why kids liked watching his videos, Ryan – who is now eight – replied: “Because I’m entertaining and I’m funny.”

Since the channel was set up by Ryan’s parents in March 2015, its videos have had almost 26 billion views and amassed 17.3 million followers.

Forbes said all but $1m of the $22m total is generated by advertising shown before videos, with the remainder coming from sponsored posts.

https://www.bbc.com/news/business-46427910

Reminder, earlier this yr:

YouTube has taken down Amos Yee’s channel. Yee, a Singapore blogger and content creator who recently fled to the US for political asylum,  announced the news of his YouTube shut down on his Facebook, adding that his channel was taken down due to his pro-pedophilia views.

The move followed after a trade organisation, the US Toy Association, pulled its ads from YouTube after one of its campaigns were found on Yee’s channel, BBC reported. According to SCMP, the ad ran on a playlist called “paedophilia is life” on Yee’s channel.  Prior to the removal, Yee’s account had around 40,000 subscribers, the SCMP report added.

A YouTube spokesperson confirmed to Marketing that Yee’s videos and channel were terminated because it violated YouTube’s content community guidelines. It was not in reaction to brand safety.

Currently, YouTube’s Community Guidelines explicitly prohibit any type of activity that sexualises minors. This policy has always been in place, the spokesperson said. The specific policy states: “Uploading, commenting, or engaging in any type of activity that sexualises minors will immediately result in an account termination.”

https://www.marketing-interactive.com/youtube-shuts-down-amos-yees-channel-following-brand-safety-issues/

Goh Meng Seng and these other clowns must be ashamed that they support his right to sprout  pro-pedophilia views. Will Roy, Meng Seng and s/o JBJ help Amos now?

Image result for Goh Meng Seng + banana

Defusing a stink bomb before the next GE

In Political governance, Public Administration on 05/12/2018 at 11:18 am

The PAP listens to the concerns of the 70% especially near a GE (before not after: think Watergate: All about fleecing the sheep, Watergate: MIW caught with pants down).

The issue of parking fees by MPs, civil servants and grassroots volunteers became a major KPKBing point after the Education Ministry said in March that teachers at all national schools and junior colleges will have to pay for parking in school premises from August 1, after a policy review.

The debate prompted questions by the public (not juz the usual cybernuts like Lim Tean and his TRE pals) over whether MPs, civil servants and grassroots volunteers must pay to park their vehicles.

So

Under the revised system, elected MPs with an annual permit may park in Parliament House, and will still be able to enter HDB carparks and park in any spot — including season-parking spaces — for their constituency work. But they will have to pay to use the carparks, based on the circular.

https://www.todayonline.com/singapore/mps-pay-short-term-parking-hdb-carparks-following-govt-review

The annual permit will cost S$250 (including GST) to park in Parliament House for official business. This permit costs S$365, and lets MPs park in HDB carparks — including in season-parking spaces — when they carry out constituency work, and in Parliament House.
Advertisement.

The changes, which take effect from Jan 1 next year, follow a government review of the yearly permit.

The issue of parking fees was thrust into the spotlight after the Education Ministry said in March that teachers at all national schools and junior colleges will have to pay for parking in school premises from August 1, after a policy review.

The debate prompted questions over whether MPs, civil servants and grassroots volunteers pay to park their vehicles.

The PAP listens to the concerns of the 70% especially near a GE (before not after: think Watergate: All about fleecing the sheep, Watergate: MIW caught with pants down), I repeat.

Interesting a Wankers’ Party MP is the only MP grumbling that his parking fees could go up a lot as a result of the change.

PAP & strategic distraction

In Media on 04/12/2018 at 5:16 pm

Add in the PAP to the PRC govt and The Donald:

[T]he Chinese government and US president Donald Trump have in their own ways mastered the skills of “strategic distraction”. According to a recent Harvard University study, Chinese state propagandists create 448m posts on social media a year using a technique known as “reverse censorship”. As one of the report’s authors noted: “The point isn’t to get people to believe or care about the propaganda; it’s to get them to pay less attention to stories the government wants to suppress.” Similarly, Mr Trump’s tweetstorms are designed to distract not inform, sucking the oxygen out of political debate like a “distributed denial of service attack against the human will”.

Part of review of Stand out of our Light: Freedom and Resistance in the Attention Economy, by James Williams, Cambridge University Press. The reviewer is the FT’s innovation editor

Ever tot that that getting the cybernuts and other anti-PAP S’poreans winded-up over Kee Chiu becoming the next PM was (and still is) wayang to make sure that Heng the real deal gets favourable publicity. Kee Chiu is just the pantomime villain.

Most of time, the PAP doesn’t need because our ang moh tua kees, anti-PAP activists and cybernuts provide the distraction.

Don’t beliece me?

Think PJ Thum with his antics of meeting Tun: “Antics Of Civil Society Activists Endanger Opposition Cause” ; and his unnecessary misrepresentations about his excellent credentials: What Oxford really says about PJ Thum and Project Southeast Asia.

Then think Seelan Pillay: Seelan Palay is really very happy.

Next think about Willy Sum : Willy Sum: cybernuts’ new hero. He who alleged high level govt corruption.

Finally, think Mad Dog, Lim Tean and Meng Seng.

With these guys as enemies, even if the 4G leaders are a drove of donkeys, the PAP will win a two-thirds majority of the parly seats. Related post: Why S’poreans keep voting for the PAP (cont’d).

 

 

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Investment returns over next 10-15 yrs

In Financial competency, Financial planning on 04/12/2018 at 11:23 am

Forecast by JPMorgan. Interesting the big changes (relatively speaking) in the view about commodities’ returns, US long treasuries and US investment grade corporate bonds.

Willy Sum: cybernuts’ new hero

In Uncategorized on 03/12/2018 at 10:44 am

Since born-loser Roy Ngerng buggered off to Taiwan to find love, our cybernuts have been looking desperately for a new hero to egg on and cheer on.


Why Roy Ngerng is a born-loser

Taiwanese voters … approved three initiatives to curb gay rights. Taiwan’s constitutional court has ruled that the government must allow some form of gay marriage. The referendum result complicates the government’s undertaking to enforce that ruling.

Economist

Roy is still in an illicit affair.

—————————————-

Cybernuts now have Willy Sum who allegedly alleged high level govt corruption (but hasn’t yet produced the evidence). For his pains, he had his home ransacked and electronic equipment seized by the police for a possible offence of “criminal defamation” after IMDA lodged a police report. It’s widely believed that this is the first time, a govt agency or department has lodged a report for “criminal defamation”.

But Willy’s he’s cybernut nor is he juz a talk cock, sing song paper warrior. He’s a social activist (like Terry of Terry’s Online Channel) who uses words in place of stones to try to get justice for the helpless.

In Is Singapore a police state?, Teo Soh Lung, another activist, tells us about his work

Willy is a good listener. He spends hours listening to people pouring out their troubles. He writes about their hardship and problems. He highlights the problems they face, occasionally using online platforms like TOC and Transitioning.org. He writes about their inability to cope with the high cost of living, their joblessness and occasionally their brush with the law. He helps them to communicate with relevant ministries and is simply elated when his letters receive the necessary attention and the status of his “clients” is improved. His “clients” are grateful to him and he is happy. He is a sort of the olden days “petition writers” except that he does that all for free.

Recently, he helped Siti, a mother of three with this article published in Transitioning.org: ”Kids taken away from custody of parents by MSF even after negative drug test“.

Siti’s children were removed from her custody by the very ministry that was supposed to help her hold her family together. When everything failed and she was pushed to the wall, Willy came to her rescue. Shortly after the publication of Siti’s letter in Transitioning.org, her three children were reunited with her. Thanks to Transitioning.org and Willy.

Morocco Mole tells me that his cousins in Home Team say Willy should only get a warning not to repeat his allegation about corruption in high places if he repents. Let’s hope this happens and that Willy learns his lesson.

He was doing valuable work helping the helpless and I hope he can return to his valuable, useful work. He should not listen to the cybernut mob cheering, and egging him on: though based on his open letter below, I think he’s going down the path Roy Ngerng took.

This is Willy’s open letter to S’poreans.

Dear Fellow Singaporeans,

It has been a tulmetenous period for both TOC’s Mr Terry Xu and myself, since our undue “arrests” a fortnight ago.

We have been rounded up by top CID officers, possibly under directions from the Commissioner himself! We had our IT equipment seized, the items that have very much been the tools of our fight against modern day oppression and one that brought to light countless discrepancies for public attention and discourse. Otherwise, these contentious issues would go unchallenged and not have brought improvements to the lives of our people.

I was served with a SPF letter dated the day itself, with constant threats of Warrants of Arrest from the Magistrate should I not turn up for questioning on their stipulated day and time. Even the worst suspects have between 2 to 3 weeks to show up for questioning! My personal emails and messages to irrelevant parties like Mr Pritam Singh were also accessed during the “criminal defamation” probe. I feel violated, totally devoid of human dignity and handled like an enemy of the State, akin to the time when Hitler rounded up the Jews for extermination!

What still motivates me to write on social justice issues is the undeniable fact that many pressing matters can be traced to our oligarchy system of governance, which provides little to no checks of an absolute power and State Institutions/Functions have been reduced to a sham! Statements by the establishment to voice out on occurrences we deem suspicious, have been met with threats or the brute force of government agencies.

I am not undermining confidence in the government but that trust has already been eroded since the amendment to the Constitution for a Reserved Presidency, non-committal of the GST hike despite assurances there will not be one until 2025, plummeting housing prices with no solution at sight and not forgetting, the 38 Oxley Rd saga with its many deafening allegations.

Are these the values upon which our Founding Fathers built this Nation? If not, then what happened to them, especially so soon after the demise of Mr LKY? Even as the dust has not yet settled on our case, I urge you to take time to ponder on what kind of society you want for yourselves and if the present system is tenable for your dreams and ideals?

We, the bloggers and civil activists have done all we can in good conscience and often at our own expense and safety, to make heard your voices and fight for what you deserve! We have now been bogged down with lawsuits and criminal charges one after another by the State.

We hope you will continue this strive for a better society and appoint from among yourselves, courageous people to do so as we may not be able to hold on much longer as we wish we could.

#In Good Conscience

Willy Sum

P/S: Willy Sum is a pen name and not representative of anyone.

His mum, Judy Wan emailed TRE as follows

The authorities are alleging that my son and Mr Xu are conspirators to publish the article in question and we having been in constant contact with Mr Xu is simply ridiculous. We do not possess his cell phone number!

If I am not wrong, this is one of the rare time in Singapore’s history that Criminal Defamation had been invoked to deal with two civilians. They were not used previously on The Late Hon. J B Jeyaratnam and Dr Chee Soon Juan.

My son and I were surrounded by police around 2.30pm yesterday at the void deck, which caused a mini commotion among our neighbours sitting below and attracted curious onlookers. We were told to cancel our Grab booking and disallowed to go anywhere.

We were then escorted up by the officers who conveyed to us their intention of seizing our electronics regardless of ownership of the items, armed with court warrants.

In the flat, my son was being queried extensively on his association with a childhood friend, his activist activities and a confirmation of what police had gathered about my son from relatives and friends. My younger siblings contacts and addresses were also taken to facilitate further investigations. I remain disturbed at such excessive surveillance on two very ordinary civilians while criminal investigations on the abandoned “Masarati” case at Senette Estate, cheating by IOC and Cuffz holdings amongst other pressing cases remains inconclusive.

We were treated as though we are big time criminals with absolutely no rights! I wonder why it is legal for the authorities to keep tabs on us while illegal for us to do the same to them?

The IO then brought my son to the staircase landing where they had a “private conversation” and I can second guess where that was leading to. After 2 hours, police proceeded to impound the items and informed us of “consequences” should they uncover anything incriminating from the devices. My son asked for assurances that passwords or other personal info not be divulged to other parties but police were unable to provide the confirmation.

State-approved media later spun the story out of context in the evening, implying that people can lose faith in the PAP following this publication when no one has even step forward to claim so! The only barometer to gauge this will be conclusion of the next General Elections.

I vividly recalled Ms Sylvia Lim’s speeches on the 38 Oxley Rd saga and the amendment to the Presidential Election, to halt “tampering” with the Constitution and “safeguard” the Public Institutions before it is too late! Is that considered defamatory as well?

I am only a low wage admin worker drawing a meagre salary and took 11 months to painstakingly save up $680 to plan a small scale celebration for my birthday next Friday. This has presently been destroyed yesterday once police disallowed us to leave the Country and UOB refusing to refund the money paid.

I understand State strategy to be draining the financial resources of litigants until they are crushed into pleading guilty!

My son has since taken ill from this undue episode with gastronomic condition and massive migraine! He will be requesting a later date for statement taking as he is not in the right frame to do a recording at the moment.

I feel very distressed and vulnerable going through this alone as my religious community is based overseas and have no one to turn to after my husband died 7 years back. Does not help with no safeguards in the law to guarantee my son and I will not be arrested when we step out of the house for breakfast tomorrow morning?

The Hardest Truths about the PAP/ Not cybernuts but PAP IB?

In Political governance, Public Administration on 02/12/2018 at 1:23 pm

When TRE republished this Another sign that GE will be next yr/ Three cheers for TOC, there was a response from a PAP supporter covered here: What has the PAP ever done for us?

A TRE reader made two good points (emphasis mine) in response to the PAP supporter

Always Reember:
November 17, 2018 at 6:58 am (Quote)

A political party is just about a group of people.

A party is only as good as the people in that group at the very moment in time.

Your primary school teacher who guided you to top performing PSLE, may not be able to do the same when you are in poly, uni or corporate world.

Especially those who though their past success, entitles them to still herd you around like “fishing villagers”.

PC Ong:
2019 is the 200th anniversary of the founding of Singapore. Yes, Singapore was not founded by PAP but by Raffles. But the PAP deserves the most credit for getting Singapore to its 200th anniversary, as a top global city where talents and corporations of all kinds want to be. Ever since independence in 1965, Singapore could very easily have lost its way because we do not have natural resources and we were so vulnerable to external threats. Not only were these threats and vulnerabilities overcome, Singapore has just grown better and better, while other top cities in the world like New York, London, Paris, Tokyo and HK decline. This is due in large part to political stability and sound policies in Singapore.

No cybernut he or she.

So unlike Oz tax dodger, Oxygen or his pals Hagen, The Angry Rooster; Sg; rukidding; Homeless Cat; LIONS; and patriot of Temesak (also known as patriot of TUMASIK) who are as nutty as they come. They even think that ex-ST tua kee mentioned in TRE Cybernut defends ex ST tua kee didn’t carry the PAP’s balls when she was in ST saying she only wrote nasty things about the PAP.

But then maybe TRE funder Oxygen ($50,000 in 2015) and his pals are well-trained, deep cover agents of the PAP’s IB, exposed by their stupidity.

Xi the real global polluter

In China on 02/12/2018 at 10:47 am

In When Trump is right about lying media, I mentioned that Trump loves “beautiful, clean” coal. Well here’s why Xi’s the real coal lover

For years, the increase in the number of Chinese coal-fired power stations has been criticised.

Now environmental groups say China is also backing dozens of coal projects far beyond its borders.

https://www.bbc.com/news/science-environment-46310807

Why S’poreans keep voting for the PAP (cont’d)

In Political governance, Public Administration on 01/12/2018 at 2:10 pm

Another way of putting what I said in Why PAP’s cock-ups don’t matter to most voters most of the time is that

We react to real events when and after they happen

Voters cannot be persuaded of that which has yet to be felt.

(Can’t remember where I came across this)

Until things start going badly wrong, then voters will turn against the PAP explaining partly why Why access to the truth has not set S’poreans free

Related post: Truths about voter choices: Why people vote PAP despite everything

 

Real reason why Tun doesn’t want Chinese money?

In China, Malaysia on 01/12/2018 at 5:47 am

Further to What Tun doesn’t say about Chinese money if he can use his own contractors he’ll embrace Chinese money, no matter what the cost? As fatcat abc points out, to get Chinese money condition must be to “use Chinese contractors & companies for the infrastructure jobs”.

What Tun doesn’t say about Chinese money

In China, Malaysia on 30/11/2018 at 6:33 pm

Xi should ask this guy to call Tun and explain things to him. LOL

Tanzania’s President John Magufuli has said he prefers Chinese to Western aid as it comes with fewer conditions.

Mr Maugufuli has been under intense pressure from Western nations over his controversial policies.

On 15 November, Denmark said it had suspended $9.8m (£7.5m) in aid because of “unacceptable homophobic comments” by a Tanzanian politician.

China has become a major investor in Africa, challenging Western influence on the continent.

It has promised to spend $60bn in investment, aid and loans in Africa over the next three years, mostly in infrastructure development.

“The thing that makes you happy about their aid is that it is not tied to any conditions. When they decide to give you, they just give you,” Mr Magufuli said.

https://www.bbc.com/news/world-europe-46364342

Entitled, ugly S’porean

In Uncategorized on 30/11/2018 at 10:10 am

KPKBing about 6-month wait to see specialist in Changi General Hospital. He refuses to try to make an appt at some other public hospital because he lives in Tampines and wants convenience of CGH.

Well then sit down and shut up.

Dr Lam Pin Min, Senior Minister of State for Health, mentioned in Parliament last week that the median waiting time for new subsidised specialist appointments has improved from 28 days in 2013 to 22 days in the first half of this year.

My personal experience did not seem to show this. On Nov 20, I happened to call Changi General Hospital (CGH) for an appointment for my chronic neck pain as a new subsidised patient referred by a clinic under the Community Health Assist Scheme (Chas).

To my surprise, the earliest appointment is on May 23, 2019, exactly 180 days of waiting to see a specialist.

In disbelief, I asked the staff member to double-check because I thought it is impossible that the waiting time is so long.

Unhappy anti-PAP user of SingHealth

Reminds me of an anti-PAP heavy user of SingHealth. He says he does not expect to have to wait to see a specialist once he has registered. I asked him if he ever had to wait to see a private specialist: he kept quiet. I later upset him by telling him that I no longer had to wait to see the GP in Marine Parade Polyclinic. At the appointed time, I see the doctor. What I didn’t tell him is that I scheduled the appointment at 2 pm: first one to see doctor.

———————————————————————-

 

Why PAP’s cock-ups don’t matter to most voters most of the time

In Political governance, Public Administration on 29/11/2018 at 12:12 pm

Think the

— MRT problems (Khaw seems to say that part of it is the fault of Dr Goh Dr Goh’s HK counterpart had similar views on MRT and other major issues),

— present and future HDB “flaw” (“Houses are for living in, not for speculation”),

— uncalled for water hike (Watergate: All about fleecing the sheep, Watergate: MIW caught with pants down),

— Hawkergate (Another sign that GE will be next yr/ Three cheers for TOC),

— promised pain of a GST hike (How to ensure no GST rise),

— and a general perception of arrogance (Think of Kee Chiu’s smirks):

then wonder why the PAP will get at least 60% of the vote at next GE in a free but unfair election.

Doesn’t sound rational does it?

It’s rational though because there is a great deal of ruin in a nation, as Adam Smith once observed: meaning a lot of things need to go wrong over a longish period of time before a country gets into a mess and voters get really upset.

Think M’sia. It went off the rails in the 90s under the then and now present PM. The next PM tried to sort things out but was ousted by a peeved Tun, his predecessor, who then picked Najib who decided if the US Marshall is to be believed, that he’d rather be rich than good.

Other examples:

— The Swedish welfare system was only reformed beginning in 1990s despite problems with it becoming apparent in the 70s (Think the hike in the price of oil). The system was set up after WWII.

— The US infrastructure system is still staggering despite many roads, bridges etc passing their useful life spans decades ago.

As Chris K has said “S’porean’s have not suffered enough”. Which is the reason why Oxygen and his TRE cybernut pals keep on cursing S’pore hoping their fellow S’poreans finally suffer. Meanwhile ordinary S’poreans juz take the “right” coloured pill and keep on paying and paying.

Meanwhile the PAP will continue doing just enough to keep us mutinous but not rebellious, using our own money. Ownself pay ownself to keep PAP in power.

No wonder Oxygen and his nutty pals are consumed with anger and rage.

But let’s be fair to S’poreans and the PAP:

Like people around the world, the Taiwanese voted for peace and prosperity.

BBC’s ending sentence in an article on the recent Taiwanese elections.

Whatever the problems S’poreans have with the PAP as regards prosperity, will having people like Mad Dog, Lim Tean and Meng Seng (Mad Dog, Lim Tean, Meng Seng where are yr durians?) in an anti-PAP coalition govt ensure prosperity?

So cybernuts, don’t blame S’poreans for voting for the continued hegemony of the PAP. Blame the likes of Mad Dog, Lim Tean and Meng Seng. S’poreans are prepared to vote for people like Chiam, Low, Auntie and Dr Tan Cheng Bock.

 

What alt media doesn’t tell about OECD social mobility study

In Media on 28/11/2018 at 1:16 pm

There was a lot of KPKBing by anti-PAP types (sane and nutty) about the major international study on social mobility from the OECD economics think tank: Meritocracy here? What meritocracy?

the report also identified gaps in areas such as how well students from lower socio-economic status (SES) backgrounds do compared to the top scorers in the nation.

FEWER LOW SES STUDENTS OBTAIN SCORES EQUIVALENT TO TOP PERFORMERS

However, not many were performing to standards attained by the top quarter in Science, a measure the report categorised as national resilience.

It was found that among 15-year-old students from lower-SES backgrounds, only 10 per cent were able to attain a score of at least 631 in the Programme for International Student Assessment (Pisa) for science in 2015.

For the Republic, a score of 631 is the 75th percentile score for science.

https://www.todayonline.com/singapore/singapore-ranks-third-educational-mobility-gaps-remain-report

Alt media and the cybernuts went into overdrive on this report from the supposedly constructive, nation-building media.

But the constructive, nation-building media also reported

Singapore’s Education Ministry (MOE) said that the “relatively low” national resilience is “a function” of the fact that Singapore’s top performers do very well.

(Btw, any idea what this means?)

More importantly, here’s what Schleicher head of education at the OECD said

In countries such as Singapore, Japan and Finland, the test results of the poorest 20% are higher than the richest 20% in the Slovak Republic, Uruguay, Brazil and Bulgaria.

He says it’s a cause for optimism that some countries have made sure that “excellent teaching” is available for rich and poor pupils.

And then there’s this from him

In Singapore, many going to university will be the first in their families to get a degree. It’s an example of social mobility and widening doors.

https://www.bbc.com/news/business-46013665

So why didn’t alt media report this? Is it because alt media and other anti-PAP opinionators only read ST and other local media publications and pick stuff that shows what the PAP govt is doing wrong? Some only read the freebies like Goh Meng Seng. Once he KPKBed about the lying local media. When it was pointed out that ST had reported what he complained the MSM did not report, he said he only read the free stuff.

With enemies like him, no wonder the PAP knows it will win the next GE.

Disney Princesses Today

In Uncategorized on 28/11/2018 at 10:55 am

Check out the creator on FB https://www.facebook.com/evacomics/photos/a.10151827944278315/10156129252548315/?type=3&eid=ARBwpqMLSZKM1BzQjPsOYqHXzXnYn_phhHiwphah7Tl33RGYbXr1MjuIoXUHLCZx7aN0ogeYDSoEPQ8C&__tn__=EEHH-R

“Houses are for living in, not for speculation”

In Financial competency, Financial planning, Property on 27/11/2018 at 1:50 pm

Of course not PAP: but Grandpa Xi.

And it’s a statement that the PAP and voters should remember. While a lot of the KPKBing about the price falls in older HDB flats is coming from the usual suspects like P(olitician) Ravi, the SDP (Note the silence of the Wankers: Low, Auntie and Bayee got condos waiting to be seized when they lose court case), and the cybernuts, bet u there were greedy PAP voters didn’t know that a 99-yr lease is juz that and are suffering in silence.

They heard “asset appreciation” and bought resale flats.

Will this resale flat buyer vote for PAP in next GE?

“I bought in the resale market when the prices were quite high some years back,” said Jun Liang, 42, whose apartment is in a 55-year-old block called Selegie House. “When I look at the value now, it would not have appreciated — in fact, after renovation costs it could even be a small loss.”

[…]

Home-owner Jun and his wife bought their apartment in one of the oldest HDB blocks in 2013 after getting married, spending about S$700,000 on the property and another S$100,000 to renovate. Now, they have thoughts of upgrading to a private condo. But, looking at their budget, the couple wonder if they’ve any chance of getting the home they want.

https://www.bloomberg.com/news/articles/2018-10-25/singapore-s-public-housing-envy-of-the-world-hits-rough-patch

I think he’s deluded about a small loss taking into account renovation costs. Remember prices for flats like his took a dive after Lawrence Wong’s warning about the govt taking back the land when the leasehold expires: Why 30-year old HDB flats difficult to sell.

And it’s going to get worse. 🤑🤣😛😢😪😂😝😜

Fat cat medical doctor/ investor quantified the loss

The flats in Selegie House are the small types. The one in question probably a 806sqft 4-rm flat.

If really need to sell today, unlikely to get serious offers much above $500K. Buyers will need big chunks of cash onhand to pay.

Even if SERS, the compensation by HDB based on market valuations will be a big % loss of what he paid, and certainly not enough to buy any replacement new 4-rm flat in city centre area, even if its a subsidized BTO as part of SERS package.

If there’s SERS, HDB might offer them BTO replacement flats in a slightly cheaper district such as Kallang River / Mountbatten area. This was what they did for the Rocher Centre residents when it got torn down for the N-S Highway.

.

What’s gd for GM is gd for China

In China on 27/11/2018 at 11:03 am

In an interview with The Wall Street Journal, Mr Trump said GM should stop making cars in China.

So no longer true that “What’s good for the country is good for General Motors, and vice versa.”? This statement was made by Charles E. Wilson while president of the General Motors Corporation, a leading United States automobile manufacturer in 1953. Wilson later became secretary of the federal Department of Defense.

The statement has frequently been misquoted as “What’s good for General Motors is good for the country.”

 

BS from ex-MSM tua kee on Heng’s appt?/ Juz Plan B ler

In Political governance on 26/11/2018 at 9:47 am

Do you notice what is wrong in the first sentence?

Something curious happened on Thursday morning (22 November), one day before the highly-anticipated revelation of whom the People’s Action Party’s (PAP) secretive cadres had picked as its central executive committee’s first assistant secretary-general. It would be Heng Swee Keat, Chinese-language daily Lianhe Zaobao reported, making him a near certainty to become Singapore’s fourth Prime Minister. A majority of the ruling party’s cadre members picked him over Chan Chun Sing, the man many had predicted would get the job.

The leak to the media was uncharacteristic as the cadre system has been described as a closed shop, a priesthood even, that keeps its decisions close to its heart, leaving it to the top leadership to make the announcements public. Thursday’s report, closely followed by Today’s story on the same issue citing a “senior party leader”, breached that sacred rule.

Balji, one-time PAP enabler: “The Idiots — S’pore”: From PAP loudhailer to running dog?(apologies to dogs, mall dogs especially mongrels)

The first sentence had me running back to the PAP’s constitution to double check a fact. I tot the party cadres do not choose the first assistant secretary-general, as claimed by Balji, or indeed any other office bearer. They vote on who will be members of the politburo (or central executive committee), who then decide who else to include in the politburo, and who then decide who the office bearers will be.

The cadres do not choose the the first assistant secretary-general or any other office bearer.

To double confirm this I asked Secret Squirrel and Morocco Mole if the PAP had changed their procedures. They said “No”.

So what is Balji trying to do given that the cybernuts are still shouting themselves hoarse that Kee Chiu will be the next PM because PM wants him to be the next PM? Btw, they got faeces on their faces saying that he’d beat Heng to the post of first asst). Can one reasonably assume that Balji is trying to show that PM is weak and that there are divisions inside the PAP? Remember that he’s trying to redefine himself as a Jedi juz like Bertha Henson: Ex-ST wimmin promoting ex-PM’s book? 

Most probably Balji forgot the PAP’s rules on choosing polituro members given that he had a massive heart attack several yrs ago.

Btw, do remember that I wrote in 2015 that Heng would be the next PM:  The next PM has been unveiled. I still do, sans serious health problems, which could still happen: hence the perceived “promotion” of Kee Chiu since 2016 (after Heng got a stroke) by PM. There is a need a plan B and Kee Chiu is plan B.

But Kee Chui (Why “Kee Chiu” got renamed “Kee Chui”) can still be PM even after Heng becomes PM. More on this soon.

 

The evidence that the Social Enterprise hawker centre model is badly flawed

In Public Administration on 25/11/2018 at 1:41 pm

In Why the Social Enterprise hawker centre model is badly flawed I posted an analysis from a FB poster that the Social Enterprise hawker centre model is badly flawed because hawkers

have little bargaining power, so taking the strict legal route is not the way to go.

Here’s the evidence albeit the example is not directly to the point because the row is between the operator of a commercial food court (NTUC Foodfare who also operates Social Enterprise hawker centres ) and a hawker’s family. However the row centres on a contractual term that is also present in contracts that hawkers have with operators of  Social Enterprise hawker centres

the story of another hawker who was fined S$3,500 for closing her fish soup stall at Food Emporium for a week after her father, the main chef, suffered an injury.

https://mothership.sg/2018/11/foodfare-hawker-fine-dispute-ntuc/?fbclid=IwAR2l2bct7a_aMsAu3O4H9EYMCUsTdJqsKOrZ9fTKa1mxMwTzysth6U9qq3U

While the story had a happy ending (money refunded to the hawker despite the rules being broken) before it was published by the Indian “Idiots” (something the anti-PAP types who highlight this story pretend never happened), one cannot but feel for the family.

Read it to see why because hawkers

have little bargaining power, so taking the strict legal route is not the way to go.

While one can argue that the frontline NTUC Foodfare executives should have been more compassionate, the model is ultimately based on a contract drawn up by the operator. And in the case of Social Enterprise hawker centres, similar contracts have been OKed by the NEA, without the input of hawkers, or so the activists active on behalf of the hawkers claim.

 

When Trump is right about lying media

In Uncategorized on 25/11/2018 at 10:45 am

OK sort of.

Look at this and tell me if Trump loves polluting the atmosphere as the media alleges?. I mean he’s a lot more green that the EU and Grandpa Xi. His bark (He is sceptical about climate change and loves “beautiful, clean” coal) is worse than his bite.

Why the Social Enterprise hawker centre model is badly flawed

In Public Administration on 24/11/2018 at 2:40 pm

I used to be agnostic about the Social Enterprise hawker centre model and tot that its problems were caused by the Pay And Pay attitude of the PAP govt, its biz allies and NTUC: Pay And Pay in action

But then I read this on FB (edited for paragraphing):

[T]he idea of a hawker centre operator runs counter to the nature of the business. We forget that hawkers are first and foremost small independent business operators, not employees that serve the greater social good or cause. That’s how ‘hawker culture’ started and it should be left to grow organically as it had for many years. It was never meant to be all things to all people.

By artificially suppressing hawker centre food prices and trying to ‘curate’ and dictate the terms of their businesses, this new model has unintentionally made it harder for them to do what they do best, reasonable food at reasonable prices in a way that makes sense for them. Whatever services that truly support the hawker in his business should be kept but whatever terms or conditions that reeks of unreasonable control or which takes away the hawkers choices should be jettisoned.

The G and these social enterprises have to understand that these hawkers are individuals against the might of a behemoth, they have little bargaining power, so taking the strict legal route is not the way to go.

Just bring the hawker centre back to its roots and let it flourish organically. It was for the hawkers to have a clean and safe operating premise. Just provide that at nominal or reasonable rent and throw in the support services at cost and leave them be. This heavy handedness is killing whatever hawker culture there is left, and then there’d be nothing left to gazette or enjoy. And no CKT worth eating when you want some.

Real meritocracy at work

In Uncategorized on 24/11/2018 at 10:56 am

The real “natural aristocrats” not the PAP version as exemplified by the PAP yesterday.

Denise Coates

Ownself pay ownself 220m £220m last year but it’s her own money.

Bet365 was established by Ms Coates in 2000, when she started to transform a small chain of betting shops in Stoke in central England owned by her father Peter, into an online betting giant.

She realised punters were avoiding shops and betting on mobile devices. Meanwhile, online gambling bans in other major countries, such as the US, China and India, had made Europe home to the world’s biggest companies for placing wagers via the internet.

FT

Btw she has a first-class degree in econometrics from a red brick Uk university.

Michelle LaVaughn Robinson Obama

She

was born in Chicago’s South Side, to a poor but aspirational and tightly knit family who poured every spare dollar and iota of energy into their children — even while her father, a boiler engineer, struggled with multiple sclerosis. That parental support, along with her penchant for obsessive planning, propelled her to a selective “magnet” high school, then Princeton and Harvard Law School, on scholarships. She returned to Chicago as a lawyer at Sidley Austin, seemingly destined for a stable, prosperous, middle class life — a striking feat, in itself, for a black woman from the wrong side of the tracks.

Her life famously changed when she was asked to mentor another upwardly mobile black Harvard Law School student, Barack Obama.

Donald Trump

OK he became a billionaire because of pa’s money and connections. But remember his casinos etc went under and he had to sell his yacht and Trump One. But he reinvented himself as reality tv star, and with help from Deutsche Bank (His cos owed money to Wall St’s finest who didn’t want to know him after his cos went bankrupt) regained billionaire status, and then became POTUS beating the shit out of Hilary Clinton who behaved like a PAP aristocrat.

Financial literacy test for wannabe hawkers?

In Financial competency, Financial planning on 23/11/2018 at 10:46 am

I ended Double confirm GE in 2019: Free lunches for two yrs for KPKBing hawkers saying “Dollars and Sense” of a Hawker Stall should be required reading for wannabe hawkers.

I’m still unable to find out from their agitator friends if the newbie hawkers had read and understood what they were signing up for. If they had (have to assume they are not cybernuts, but educated S’poreans: yes, yes a big assumption), then the real issue is whether their projected revenues were overoptimistic. And if so, did the operators over-promise but the newbie hawkers didn’t realise that they were being taken to the cleaners, or did the hawkers cock up their estimates of footfall etc?

So maybe budding hawkers got to pass a financial literacy course?

After all

A financial education curriculum will be rolled out to all polytechnic and Institute of Technical Education (ITE) Year 1 students from next year, as part of government efforts to boost financial literacy among Singaporeans and help them manage their money well.

The mandatory module, which will not be graded, will focus on budgeting, goal-setting and financial basics such as the effect of compound interest on debt and savings.

Additional modules will also be piloted with some Year 2 and 3 students over the next few years to help them become more savvy consumers and learn how to use insurance, investments, and national schemes such as the Central Provident Fund.

This was among several new initiatives announced on Saturday (Nov 17) by MoneySense, Singapore’s national financial education programme.

An online financial health check tool for all Singaporeans and permanent residents was also launched at the roadshow at Our Tampines Hub, which will run until Sunday before moving to the HDB Hub in Toa Payoh on Dec 8 and 9.

The questionnaire, which is available on the MoneySense website, helps to assess progress in areas such as money management, insurance, investment, retirement and estate planning, and provides recommendations to address the gaps identified.

ST recently
Another constructive suggestion: include a module on how to make realistic projections and another on “take nothing the operator of hawkers’ centres says on trust”.
Yet another constructive, nation-building suggestion: screen out the cybernuts especially those from TRELand.
Because if the newbie or wannabe hawkers are anti-PAP cybernuts, no point even trying to educate them, let alone subsidise them in the hope that their revenues will grow because of improving footfalls by 2020. It’ll be a waste of tax-payers money that can better go to fund our ministers millionaire life styles.
Worse, there’ll be a spate of food poisoning as cybernut hawkers would prefer to read TOC and TRE and KPKBing on these sites rather than cook good, hygienic food. Morocco Mole tells me that his cousin in NEA tells him that many of the recent fatal food poisoning cases are suspected to be the consequence of employees reading and posting on TRE rather than on focusing on food preparation.

 

 

 

Joint first assistant secretary-generals lah, ST (Updated)

In Uncategorized on 22/11/2018 at 4:32 pm

Updated to reflect constructive, nation-building media  breaking story and some more boasting from me

Finance Minister Heng Swee Keat is set to be named by the People’s Action Party (PAP) as its first assistant secretary-general on Friday (Nov 23), paving the way for him to succeed Prime Minister Lee Hsien Loong as the country’s top leader, a senior party leader and several cadres confirmed to TODAY.

What I predicted in 2015: The next PM has been unveiled

My original post earlier today

Joint first assistant secretary-generals lah, ST

That’s what Secret Squirrel told me when I told him

Singaporeans will get a good indication of who is most likely to succeed Prime Minister Lee Hsien Loong as People’s Action Party (PAP) leader and the country’s fourth prime minister tomorrow.

Sources said that the party’s top decision-making body met last night to finalise its choice of who fills the crucial post of first assistant secretary-general.

[…]

The choice for first assistant secretary-general appears to have narrowed down to two contenders: Finance Minister Heng Swee Keat, 57, and Trade and Industry Minister Chan Chun Sing, 49.

Constructive, nation-building ST

Secret Squirrel’s side-kick, Morocco Mole, reminded me that Darth Shah told the plebs not to read too much in coming changes to the PAP’s politburo.

And do remember that PM has the hindsight of knowing that Goh Cock Tong was a lame duck PM from the day he became PM because everyone knew who his successor would be even if it took 14 yrs to happen.

Somehow I doubt PM would like to be like Goh in that respect.

Joint first assistant secretary-generals lah, ST

In Uncategorized on 22/11/2018 at 10:57 am

That’s what Secret Squirrel told me when I told him

Singaporeans will get a good indication of who is most likely to succeed Prime Minister Lee Hsien Loong as People’s Action Party (PAP) leader and the country’s fourth prime minister tomorrow.

Sources said that the party’s top decision-making body met last night to finalise its choice of who fills the crucial post of first assistant secretary-general.

[…]

The choice for first assistant secretary-general appears to have narrowed down to two contenders: Finance Minister Heng Swee Keat, 57, and Trade and Industry Minister Chan Chun Sing, 49.

Constructive, nation-building ST

Secret Squirrel’s side-kick, Morocco Mole, reminded me that Darth Shah told the plebs not to read too much in coming changes to the PAP’s politburo.

And do remember that PM has the hindsight of knowing that Goh Cock Tong was a lame duck PM from the day he became PM because everyone knew who his successor would be even if it took 14 yrs to happen.

Somehow I doubt PM would like to be like Goh in that respect.

This time is different? Or is financial history going repeat itself?

In Financial competency, Financial planning on 21/11/2018 at 5:22 pm

Goldman Sachs’ “Bear Market Risk Indicator” is higher than on the eve of the financial crisis. This indicator is made made up of a mixture of economic, bond and equity market measures.

Also Bank of America’s latest investor survey revealed the number of investors that expect global economic growth to slow down has climbed to the highest since November 2008.

S’poreans fall for CNA’s flawed look at hawkers’ margins

In Accounting, Financial competency, Financial planning on 21/11/2018 at 10:46 am

CNA Insider, part of the constructive, nation-building media screamed

Profit margins for hawker fare? As low as 20 to 30 cents

Giving the example of

Mr Ng, who started The Fishball Story in 2013, disclosed that his net profit from selling a bowl of noodles at S$3 was 20 to 30 cents.

“That’s the margin … and it’s pathetic,” he lamented. “It’s very difficult for (hawkers) to continue selling cheap food any more.”

Read more at https://www.channelnewsasia.com/news/cnainsider/profit-margins-for-hawker-centre-fare-as-low-as-20-to-30-cents-10948414

This example and other similar examples in the CNA article had the usual cybernut suspects and even ordinary S’poreans KPKBing on new media about the plight of hawkers, and blaming the Pay And Pay people.

The ordinary S’poreans joining the cybernuts in baying for PAP blood are either not thinking straight or are financially incompetent.

Is that “margin” or “net profit” before or after the “salary” that hawker pays himself? When I see the word “net margin” or “net profit”, I assume that the amount is net of everything including “salary” payments made by ownself to ownself.

Same query for the other examples quoted in the CNA article because nowhere in the article does it state whether the “margin” or “net profit” takes into account the amount that the hawker pays himself for his efforts.

If it doesn’t then it’s really a tough life. If it does, then whether it’s that tough a life depends on the amount that ownself pay ownself before KPKBing about the “peanuts” net profit.


“Dollars and Sense” of a Hawker Stall

But does the “Estimated Monthly Cost” include the “wages” that the two entrepreneurs pay themselves? If they had employees, the employees’ wages would be included under this heading. But as they are both bosses and workers, it isn’t clear if “Cost” includes their “wages”.

Makes a big difference on the real bottom line.

Initial Cost Of Starting Hawker Stall (Inclusive Of Opportunity Cost)

(Excluding Apprenticeship Fee)

$40,000

Monthly Operating Cost$11,000 – $15,000

Estimated Daily Revenue $1,000 Based on assumption of 200 Customers, average spending of $5
Estimated Monthly Revenue $22,000 22 working days per month
Estimated Monthly Cost $13,000  
Estimated Monthly Gross Profit $9,000

——————————————————————-

Many moons ago when surgeon Susan Lim was trying to portray herself as more sinned against than sinning, I wrote

“Do the breakeven cost of $46,000 include any payments to you in the form of salary, director’s fees or advance payments?”. If they do, these numbers should have been disclosed by her when she bandied these numbers. These would have given an analyst a better understanding of what went into calculating the breakeven.

I’m not accusing Susan Lim or her accountants of anything shady or stupid. I’m juz trying to understand how the numbers she quoted prove that, This was a huge loss-making assignment.

 

 

 

Crazy Rich Asians: Money talks, BS walks

In Uncategorized on 20/11/2018 at 4:27 pm

“Crazy Rich Asians” is the top-grossing romantic comedy in 10 years. As at 1 Oct 2018, it “pulled in more than US$165 million through Sept. 30 at the box office in US and Canada, the world’s largest movie market.”

https://qz.com/1408252/crazy-rich-asians-is-now-the-top-grossing-rom-com-in-10-years/

A Google search this afternoon says it has grossed US$235.1 million.

Bollywood banging balls.

Public tpt users will vote for PAP?

In Infrastructure, Public Administration on 20/11/2018 at 11:01 am

When the CEO of SMRT threw his disgraced predecessor onto the path of train by saying that he disagreed with the failure’s view that SMRT had a culture problem, this reminded me that S’pore

is the second most affordable city for public transport, according to a study comparing trends in public transport fares across 12 major cities.

The Nanyang Technological University (NTU) study – which was commissioned by the Public Transport Council (PTC) – compared trends in public transport fares across the cities in terms of concessionary fares, fare affordability and fare revenue per passenger kilometre.

The cities include London, Beijing, Sydney, Seoul, Paris, Hong Kong, Taipei, Toronto, New York, Tokyo and San Francisco.

Constructive, nation-building CNA*

Us oldies definitely will

Singapore’s senior citizen and student concessionary fares were also among the lowest across the 12 cities compared, according to the study.

Seniors in Singapore, London and Sydney pay concessionary fares at age 60 while other cities have lower fares for seniors only at age 65 or 70.

The study also found that Singapore collected the lowest fare revenue per passenger kilometre, when compared with Hong Kong, Sydney, Toronto, New York, San Francisco and London.

————————————

*More details

The study measured fare affordability as the proportion of disposable income spent on public transport by a household in the second quintile household income group.

This quintile was chosen because it is the group “most likely to depend on public transport regularly”, said the study.

“To allow comparability of public transport affordability across the cities, an index illustrating the costs incurred by a typical family with two working adults and two schoolgoing/school age children as a percentage of household disposable income was developed,” it said.

[…]

Based on this, Singapore came in second after San Francisco in terms of fare affordability with an index score of 4.8, compared with San Francisco’s score of 4.1.

This means that on average, a typical family that uses public transport on a daily basis in Singapore spends about 4.8 per cent of its disposable income on public transport, said the study.

Read more at https://www.channelnewsasia.com/news/singapore/public-transport-in-singapore-second-most-affordable-out-of-12-10857020

 

Double confirm GE in 2019: Free lunches for two yrs for KPKBing hawkers

In Political governance, Public Administration on 19/11/2018 at 1:42 pm

OK, OK, sort of free.

Stallholders at seven new social enterprise-run hawker centres will get some help in paying for dishwashing services from next year, the National Environment Agency (NEA) announced on Friday (Nov 16) in a move to mitigate hawkers’ operating costs.

From Jan 1, the authorities will co-fund the costs for centralised dishwashing at seven new hawker centres. They are: Pasir Ris Central Hawker Centre, Kampung Admiralty Hawker Centre, Bukit Panjang Hawker Centre, Ci Yuan Hawker Centre, Yishun Park Hawker Centre, Jurong West Hawker Centre, and Our Tampines Hub Hawker Centre.

Stallholders there will pay 50 per cent of the costs for the first year, and 70 per cent of the costs for the second year, under an extension of the NEA’s Productive Hawker Centres grant. They will pay the full costs from the third year onwards.

https://www.todayonline.com/singapore/stallholders-social-enterprise-run-hawker-centres-pay-only-50-cent-dishwashing-costs-help

Notice that the subsidy ends at end of 2020 and that in 2020 it’s only 30% compared to 50% in 2019?

Well Terry’s Online Channel noticed and is KPKBing that’s “not enough”.

Looks like it wants everything subsidised for hawkers.

“Dollars and Sense” of a Hawker Stall should be required reading for wannabe hawkers. 

 

Our Taliban Christians will be cheering for Trump’s VP

In Uncategorized on 19/11/2018 at 10:26 am

Mr Pence’s appeal to Christianity in Asia at the end of his Apec speech also caused many in his audience to cringe.

FT

What he really said

As an Indo-Pacific nation, the United States is proud to be a part of this great story, and we’ll continue to write new chapters, with resolve and with faith — faith in the people who call this vast expanse home, and the boundless capacity of every individual to achieve their dreams; faith in our most cherished principles, and in the vision that we share for this region of the world. And lastly, I believe that we go with faith that, as we labor for a free and open Indo-Pacific, we do not work alone.

Not far from here, in the Parliament of Papua New Guinea, I am told, sits one of this country’s national treasures — a King James Bible, more than 400 years old. (Applause.) Before it made its way here, it passed through my home state of Indiana. It calls to mind the rich and diverse traditions of culture and faith that characterize this vast region of the world. And on that foundation, I believe we can be confident that our vision of a free and open Indo-Pacific will prevail. For, as it says in that old book, “where the spirit of the Lord is, there is liberty.” (Applause.)

https://www.whitehouse.gov/briefings-statements/remarks-vice-president-pence-2018-apec-ceo-summit-port-moresby-papua-new-guinea/

What has the PAP ever done for us?

In Political governance, Public Administration on 18/11/2018 at 1:41 pm

A  lot according to a TRe reader: a really Hard Truth for TRE cybernuts to swallow.

When TRE republished this, Another sign that GE will be next yr/ Three cheers for TOC, among the bile, vomit and BS that it caused, there was this comment that was posted by a 70%er

PC Ong:
2019 is the 200th anniversary of the founding of Singapore. Yes, Singapore was not founded by PAP but by Raffles. But the PAP deserves the most credit for getting Singapore to its 200th anniversary, as a top global city where talents and corporations of all kinds want to be. Ever since independence in 1965, Singapore could very easily have lost its way because we do not have natural resources and we were so vulnerable to external threats. Not only were these threats and vulnerabilities overcome, Singapore has just grown better and better, while other top cities in the world like New York, London, Paris, Tokyo and HK decline. This is due in large part to political stability and sound policies in Singapore.

As expected, he got slimed and insulted. So here’s my good deed for the day: publicising his view.

Other gd things PAP has done for S’pore:

Why are there hawker centres in Singapore?

https://atans1.wordpress.com/2013/01/25/when-55-of-voters-were-fts/

https://atans1.wordpress.com/2013/01/18/im-invested-in-spore-spore-in-50s-60s/

https://atans1.wordpress.com/2010/10/17/minimum-wages-yikes-pap-may-be-right/

https://atans1.wordpress.com/2009/12/15/property-prices-mm-lee-is-too-modest/

M’sia will benefit from Sino US trade war

In China, Malaysia on 18/11/2018 at 10:38 am

M’sia is smiling:

“We’ve got so many inquiries that our greatest problem is how to ramp up capacity,” including in electronics, steel production and automation from both China and the U.S., Malaysian Finance Minister Lim Guan Eng told reporters Sept. 13 in Hong Kong. “Once they come in it is very hard to pull out.”

https://www.bloomberg.com/news/articles/2018-09-18/u-s-china-trade-tussle-is-creating-winners-in-southeast-asia

Because

Vietnam and Malaysia stand to attract the lion’s share of ICT capacity that leaves China for two main reasons, the EIU said. The first is that an ICT supply chain already exists in these countries, with Samsung and Intel having a significant presence in Vietnam and Dell, Sony and Panasonic having plants in Malaysia. The other factor in their favour is that both Malaysia and Vietnam are signatories of free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which also includes Mexico, Canada and several Asian countries (but not China).

FT

And because

For the car parts industry, the main country beneficiaries of an expected shift in capacity outside China are Thailand and Malaysia.

FT

No wonder George Yeo (Remember him?) is looking at his bank statement and smiling

Malaysian billionaire Robert Kuok’s Kerry Logistics Network Ltd. is seeing “numbers are looking up a bit more” as companies divert distribution centers from mainland China and into places like Hong Kong and Taiwan, and parts of Southeast Asia, according to the company’s chairman, George Yeo.

“They’re thinking of the next factory, and they’re less likely to put it in China,” Yeo, a former trade and foreign minister in Singapore, told Bloomberg Television Sept. 14. He acknowledged that some firms already were planning to move business to lower-cost manufacturing sites outside of China.

Bloomberg

Finally

Malaysia could see the benefits both as a  trans-shipment point and because it’s a neutral country in which Chinese and American companies both would have an interest in investing.

Bloomberg

More advice for PM, PAP from world’s richest man

In Political governance, Public Administration on 17/11/2018 at 2:14 pm

Further to PM, PAP should remember what world’s richest man said, l came across another saying by Bezoz (“no mediocre” man). Explaining why he raised minimum wages at Amazon, Jeff Bezos said “the Henry Ford approach: if you put more money in your employees’ pockets, they spend more money on your platform. It comes back to you.”

Given that personal consumption figures are really bad here vis-a-vis places like HK, time to stop FTs by the cattle car loads so that wages of locals can rise, and they can spend more?

And given that the value of HDB flats are declining while private property prices are inching up (Will this resale flat buyer vote for PAP in next GE?) and the PAP needs a big win because of the change of PM a few yrs after next GE, voters with more $in their pockets are likely to vote PAP.

So time to tweak NIRC and NIR?

NIRC consists of 50 per cent of the Net Investment Returns (NIR) on the net assets invested by GIC, the Monetary Authority of Singapore and Temasek Holdings and 50 per cent of the Net Investment Income (NII) derived from past reserves from the remaining assets.

[W] spend 50 per cent of the estimated gains from investment, and put the remaining 50 per cent back into the reserves to preserve its growth for future use.

Under PAP rule will S’pore become like UK or Venezuela?

And promise not to think about raising GST until 2023? How to ensure no GST rise.

And even more goodies for oldies Hard Truth why PAP wins and wins.

After all after PAP wins 70% of popular vote, PM can take back most of the goodies. Think water hike after last GE:

Watergate: MIW caught with pants down

Watergate: All about fleecing the sheep

Watergate: PUB got consumption figures all wrong?

 

 

 

 

M’sia and S’pore are best ad for buying US

In Malaysia on 17/11/2018 at 11:32 am

In July, Defence Minister Mohamad Sabu had revealed that only four out of 28 Russian-made Sukhoi Su-30MKM and MiG-29 fighter jets owned by the Royal Malaysian Air Force can fly.

Our aircraft F15s and F16s have no such problems.

Btw, the Russian planes were bot in exchange for palm oil.

TRE Cybernut defends ex ST tua kee

In Media on 16/11/2018 at 2:42 pm

When TRE republished this Ex-ST wimmin promoting ex-PM’s book? there was this response from one of the usual anti-PAP windbags. The cybernut said that the wanna-be ST Editor (a personal friend, he claims) told him that she wrote articles that the PAP was unhappy with. Right my dogs sometimes do things I’m unhappy about. But I don’t put them down because most of the time they are well behaved. If an ST journalist is too disobedient, think Cherian George.

Seriously what about the many times where the wanna-be Sith Lord praises the PAP?

Whatever, here’s the full piece. Note that “Temesak” is not a typo on my part.

patriot of Temesak:

CI, as usual, you talk SHIT…do you know the journalist you critic personally??? have you read their articles and comments with underlining comments that do NOT please the Powers that be???… Bertha, I know personally and on many an occasion she confides and says that her articles may rile the Powers that be but went right ahead with it…whatever your agenda…don’t talk shit when you are assuming as for Cherian I may not know him but I do respect him for his writings and guts and his wife Zu??? well she is doing pretty well with SCMP a very Independent newspaper unlike SHITTY TIMES…so, shut the F…k up if you are assuming

This guy seems to have forgotten all their brown-nosing, XXXX sucking articles about the PAP.

Maybe “patriot of Temesak” is a PAP mole that exposed himself? He’s one of the die-die mustvote PAP nutters who are related to the real cybernuts like tax-dodging “Oxygen” or “rabble rouser”.

Want US$18 oil?

In Energy on 16/11/2018 at 11:07 am

Monday WCS was just US$17.78 a barrel, compared to US$58.91 for US West Texas Intermediate.  But buyers have bring their own pipelines, rail-wagons or trucks to Alberta. That’s the problem.

The existing pipelines etc are working at full capacity.

Context of “crony”‘s outburst at WP

In Corporate governance on 15/11/2018 at 1:17 pm

Remember Ms How’s outburst at Auntie

[She]  was a “hopeless” town council chairperson who was “inexperienced” and “so scared of everything”. She added that the town council would “sure die” under Ms Lim’s watch.

and wP MPs

All (the People’s Action Party) needs to do is to ask me for my views on the (elected) MPs… sure die, lah,

Secret Squirrel recently reminded me that after the AGO report was published, the WP town council (Chair Auntie) imposed a liquidated damage of $250,000 on FMSS. This despite WP maintaining until then there was no improper payment. So why seek damages after AGO published its report? Danny Loh (Ms How’s much hen-pecked husband) died suddenly in a sleazy Tokyo hotel shortly afterwards.

——————————-

Auntie screamed, “Crony? What crony? With crony like this, do we really need enemies? Low I tot u said she is kaki lang? What kaki leng? With kaki leng like this, how to retain Aljunied?”

Morocco Mole’s cousin (a WP cadre) reported that Auntie screamed the above as she bared her fangs and claws at a recent town council meeting. Low fled the room, claiming he had to go to the toilet.


Btw, as WP implemented the recommendations made by the AGO report (Also known as the PriceWaterhouseCoopers report because AGO got them to investigate the town council), and that of the KPMG report why are cybernuts saying that these reports are wrong?

And yet cheering on the AGO when its findings reflect badly govt departments etc, saying that this is evidence of PAP corruption or incompetence.

Is that why they are cybernuts? Can’t think straight.

Ms How’s outburst

Ms How saying that Ms Sylvia Lim, AHTC’s chairperson and WP chairman,

was a “hopeless” town council chairperson who was “inexperienced” and “so scared of everything”. She added that the town council would “sure die” under Ms Lim’s watch.

Ms How also accused Ms Lim of withholding information from auditors KPMG about “improper payments”, and that it was Ms Lim who did not want to keep the computer system of IT firm Action Information Management (AIM).

The court also heard that Ms How told the KPMG employee she was “not scared” to reveal that she was “thinking of asking (former WP chief Low Thia Khiang) to remove (Ms Lim) as chairperson of the town council”. She added that Mr Low had “played me (Ms How) out” by putting an “inexperienced MP as (town council) chairman”.

“From Day One, when I knew that she was going to be the chairman… oh dear, the town council is going to die,” said Ms How in the phone conversation. “She will do things to protect herself only. Then I told (Mr Low) you have to replace her… (to straighten out the town council). He doesn’t want to listen.”

She also alleged that she had dirt to spill on the WP MPs. “All (the People’s Action Party) needs to do is to ask me for my views on the (elected) MPs… sure die, lah,” she was recorded as saying.

Earlier in the conversation, Ms How said that the town council was “digging (its) grave” if it did not defend her. Pointing to her “powerful analogy of death”, Mr Singh asked on Monday if that meant she had information that would “finish them (WP MPs) off”, and “destroy them politically”.

Ms How replied that she did not have any information, but that everyone would be “dragged through the mud” because of how the media would report it.

Ms How also alleged that Ms Lim had withheld from auditors information related to payments made to the Housing and Development Board (HDB) for lift services. When questioned by Mr Singh, she said: “The fact that the payments made to HDB were for lifts and services (that were) not rendered… these were improper and should (be) raised to KPMG to look into.”

https://www.todayonline.com/singapore/wps-sylvia-lim-hopeless-town-council-chairperson-reveals-fmss-director-dramatic-court

Ang moh special forces to protect Xi

In China on 15/11/2018 at 11:16 am

Where are the Red Guards? Skivving isit? Or not trusted?

Port Moresby is hosting the Asia Pacific Economic Co-operation (Apec) summit this week,

Australia, the US and New Zealand have sent special forces to make sure that attendees (including one Grandpa Xi) will be safe given the place’s reputation for violence.

Wah Meng Seng so confident of winning GRC/ Tan Cheng Bock

In Uncategorized on 14/11/2018 at 2:14 pm

Our management software is ready and we won’t be held ransom by PAP attempt to control the management software

Goh Meng Seng

Or juz clowning around like Desmond Lim and Pwee?

Singapore Democratic Alliance (SDA) chairman Desmond Lim said his party has remained active in the Pasir Ris-Punggol GRC since the 2015 GE , which saw the SDA garnering about 27 per cent of the vote in the constituency, an eight-percentage-point drop from its 2011 GE performance. “We’ve conducted our regular house to house visits, attending to resident’s needs and requests. We are ready for any snap elections,” said Mr Lim, 51.

Democratic Progressive Party (DPP) secretary-general Benjamin Pwee, 50, said it was premature to speculate when the next GE will be, but he said: “The DPP stands ever ready to field good credible candidates for the coming GE.”

https://www.todayonline.com/singapore/pm-lee-hints-timing-next-ge-saying-pap-has-only-two-years-prepare-it

More likely to be clowning around.

Seriously, these guys want Dr Tan Cheng Bock to lend them his credibility with people who vote PAP but who are open-minded about changing their minds?

No wonder he is keeping quiet, real quiet: My predictions about Spastics’ League.

I don’t think he wants to tarnish his legacy (and money) on clowns like these guys and Lim Tean: Lim Tean where are yr durians?

 

Only America will visitors be asked if they are terrorists

In Uncategorized on 14/11/2018 at 10:52 am

The Esta (Electronic System for Travel Authorization) is an online US form, which some foreigners can use to waive their need for a full US visa.

One of the questions reads: “Do you seek to engage in or have you ever engaged in terrorist activities, espionage, sabotage, or genocide?”

One Scottish lady ticked “Yes”, by mistake she claimed.

Read whay happened next at https://www.bbc.com/news/uk-scotland-45678517.

It wasn’t pretty but sure is black comedy at its finest.

Another sign that GE will be next yr/ Three cheers for TOC

In Media, Public Administration on 13/11/2018 at 4:16 pm

In another sign that GE will be next yr, the PAP govt is showing that it does listen, even if the agitation for a change in policy started in Terry’s Online Channel.

I’m talking about Hawkergate. The quiet, underground grumbling about the so called “not-for-profit hawker centre model” which some unhappy hawkers and foodies like Seetoh see as Pay And Pay in action* did not catch the public attention until our constructive, nation-building media and TOC publicised the allegations. In highlighting the problems faced by hawkers such as costly tray-return deposit schemes, long working hours, unreasonable penalties for contract termination and additional fees for dishwashing, tray returns and quality control, they started a forest fire which had the PAP scrambling to contain the conflagration. TOC, unlike the MSM, also agitated for something to be done, unlike the MSM, whose silence on what should be done were deafening.

Senior Minister of State for the Environment and Water Resource Dr Amy Khor announced in October that NEA will do a “stock take” of the not-for-profit hawker centre model, which allows social enterprises and cooperatives to run these centres.

The National Environment Agency (NEA) said on Nov 9 that it had ordered “tweaks to standardise the contractual terms between socially-conscious enterprises and hawkers following feedback from hawkers, patrons and social enterprise hawker operators”. More on this at: https://sg.news.yahoo.com/nea-impose-changes-hawker-operator-contract-terms-1-january-085102551.html

The four changes include the removal of “onerous” terms to better safeguard the interest of hawkers, said Dr Khor on Nov 9 during a visit to Ci Yuan Hawker Centre.


All about hawker food

Why are there hawker centres in Singapore?

The Hard Truth about hawker food

The Harder Truth on hawker food

“Dollars and Sense” of a Hawker Stall

Subsidised hawker food book

——————————————————————-

Three cheers for Terry and his team (if there’s one). Sadly that’s all the recognition he’ll get. TOC needs $, but the cybernuts don’t want to help it out. A long time (2006 — 2012), the then readers were generous with their money. But then they were not cheapskates, born losers like those now polluting the comment pages of TOC and TRE.

Of course opportunists like Lim Tean and Meng Seng (Lim Tean, Meng Seng where are yr durians?) had to join in the agitation for changes. Since Lim Tean has raised funds from the public for various projects (see above link) but not done anything at all about his projects, he should hand over his loot the monies raised to TOC?


*Written before TOC started publicising the problems faced by hawkers in the not-for-profit hawker centre model and agitating for changes to the model. The contributors were focusing on LGBT and other identity issues. They had and have no time for chay kway teow issues, only ang moh issues.

 

 

 

 

 

 

 

The Hard and Harder Truths about Uber, Grab or Go-Gek

In Financial competency, Public Administration on 13/11/2018 at 10:19 am

They got the funding to burn dollar notes, others don’t.

“Tens of others had technology just as good as Uber that never went anywhere. The difference is Uber has been heavily financed by Wall Street and they’ve raised more than $13bn. We didn’t have the same access to capital.”

He says building Uber’s app might have cost something like $30m but the rest of its huge pile of cash has gone on subsidising rides, offering discounts, effectively buying up the market.

CEO of Autocab talking to BBC: https://www.bbc.com/news/technology-46151994

As Autocab had been providing various services to cab firms for 20 years and was developing apps back before Uber got off the ground, the BBC reporter asked the CEO (Safa Alkateb) the obvious question: why wasn’t this Manchester firm heading for a $120bn (£92bn) IPO and global domination and not the start-up born in San Francisco?

Safa Alkateb, who spent a career in Silicon Valley before coming home to run Autocab, had a simple answer – money.

The Harder Truth: Uber raised the white flag in S’pore and the region, the winner Grab stopped subsidising fares. Fares rose while incentives for drivers were scaled back.

The throwing of money is aimed at securing a monopoly or near monopoly position.

South-east Asian authorities gained valuable experience as they scurried to respond, suggested Toh Han Li, chief executive of the CCCS* and this year’s chair for Asean’s competition agencies group. The Grab-Uber case “can be considered as the first significant case involving co-operation among Asean competition authorities”, he said.

Nikkei Asian Review

*Competition and Consumer Commission of Singapore

 

Teachers here not as respected as those in China, M’sia, Taiwan and even NZ

In Uncategorized on 12/11/2018 at 4:12 pm

S’poreans think teachers are “very mediocre people” isit?

If teachers want to have high status they should work in classrooms in China, Malaysia or Taiwan, because an international survey suggests these are the countries where teaching is held in the highest public esteem.

https://www.bbc.com/news/business-46063947

S’pore is only at number 10 because money talks, BS walks? A person is respected here because of the size of their salaries: https://www.todayonline.com/big-read/big-read-invisible-people-class-conscious-society

Top 10 for teacher status

  1. China
  2. Malaysia
  3. Taiwan
  4. Russia
  5. Indonesia
  6. South Korea
  7. Turkey
  8. India
  9. New Zealand
  10. Singapore

Remember

that those in the private sector earning less than $1m are “very mediocre people”. And that the PAP only chose ministers from the private sector if they were earning $1m or more.

Ex-PM’s money obsession causing PAP problems

Anyone using money to distinguish between “mediocre” and “not mediocre” people is thinking in terms “of people in terms of social class or income”.

Don’t tell us, tell ex-PM, Indranee Rajah

As https://www.todayonline.com/big-read/big-read-invisible-people-class-conscious-society shows, status and money is very intertwined here, and it’s easy to blame the PAP for this. But maybe the PAP itself is a victim, not the creator of this culture?

What do you think?

Why S’pore is so shiok for private property investors

In Political economy, Property, Public Administration on 12/11/2018 at 9:46 am

Look at the table and note that here holding costs (i.e. interest paid) for 5 yrs (assumes no profit from sale after 5 yrs) and fees payable (taxes, duties) very low compared to rest of the world bar a shithole of a city. The PAP govt treats private property investors better than they treat otters (TRE Cybernut says PAP has created paradise for otters not citizens)? $ means US$.

Waz there not to like about the PAP if u are an investor in private property?

Compare this to if u bot a resale HDB flat: Will resale flat owners still vote for PAP in next GE? and Will this resale flat buyer vote for PAP in next GE?

No, not S’pore

In Uncategorized on 11/11/2018 at 3:41 pm

But the u/m story sounds so S’porean because it reminded me that five nsmen have had police reports filed against them for allegedly sharing unauthorised photographs of an accident in a training exercise which resulted in the death of a fellow nsman on social media websites.

Bill Cason has been a pilot for more than 20 years, and is president of the Federal Flight Deck Officers Association – although, because of the programme’s rules, cannot say whether he is an FFDO himself.

http://www.bbc.com/news/world-us-canada-43377461

Pilots allowed to carry guns in planes in the US are known as Federal Flight Deck Officers.

Timing of next GE: More trumpets for me

In Political governance on 11/11/2018 at 9:37 am

In Akan datang: GE in late 2019,I predicted that the GE would be in late 2019, giving my reasons for the call.

Well, the general elections may be called as soon as next year, said Prime Minister Lee Hsien Loong, very recently.

While speaking at the welcome dinner dialogue of the Bloomberg New Economic Forum, he was asked if our bicentennial celebration of Sir Stamford Raffles’ arrival next year might be a reason to bring forward the general election which is due to be held in 2021, he said “It’s always possible. There are many reasons to bring elections forward for a party, so we’ll see”.

Dr Goh’s HK counterpart had similar views on MRT and other major issues

In Hong Kong, Political economy, Public Administration on 10/11/2018 at 3:35 pm

Remember Khaw saying this?

It was a very different era. Finance was tight, so we really had to scrutinise every dollar of spending.

The government of the day thought very hard if we could really afford an MRT line. It took months to think through and debate through this major strategic decision.

It was not easy. Some of you who are younger might not remember.

But I remember, as a civil servant, the big debate which was televised on the options – an all-bus system or an MRT system.

There were proponents for the MRT, as a city without MRT is almost impossible. But there were others who were extremely worried whether we can really afford it.

So sometimes today we spend money as if money comes easily. We forget that it was not too long ago. So when there are people who criticise the North-South and East-West Lines on why we did not do this and that, we were simply short of cash.

http://www.todayonline.com/singapore/comparing-singapores-newest-and-oldest-mrt-lines

He left out the elephant in the room: Dr Goh Keng Swee. He wasn’t convinced that an MRT would be cost effective. Hence the scrutiny the project underwent, even after the cabinet (sans Goh) had agreed to build it.

A contemporary of his, Sir John Cowperthwaite, HK’s financial secretary (17 April 1961 – 30 June 1971) had earlier opposed the building of the MRT system in HK, citing the cost: despite the traffic jams in the streets. Construction only began after he retired.

Here’s more on Sir John Cowperthwaite, who came to HK as a British civil servant in 1945. He should be interesting to S’poreans because he had views, some like that of Dr Goh, some unlike, on how to have a prosperous, thriving economy in a small state.

Like Dr Goh, he was for

Low taxes, lax employment laws, absence of government debt, and free trade are all pillars of the Hong Kong experience of economic development.

And

No deficit government financing, which could merely push costs to a future generation and make the territory vulnerable to financial upheaval.

[…]

Public housing would be funded, but only for tiny flats; reservoirs would be built, but users would be charged.

[…]

Requests by industry for subsidies were routinely rejected.

Architect of Prosperity: Sir John Cowperthwaite and the Making of Hong Kong

https://www.economist.com/news/books-and-arts/21729983-sir-john-cowperthwaite-most-unlikely-things-bureaucrat-hero

Sounds like a PAPpy?

But throughout the 1960s, Cowperthwaite refused to implement free universal primary education, contributing to the relatively high illiteracy rate among today’s older generation in HK.

And he really believed in the importance of the private sector, unlike the PAP (not excluding Dr Goh) who talked the talk of the importance but the private sector,  but who made sure GLCs dominate the local economy.

“I myself tend to mistrust the judgment of anyone not involved in the actual process of risk-taking.” This faith was rewarded. As industries such as cotton spinning, enamelware and wigs declined and Cowperthwaite declined to offer assistance, businesses shifted their attention to promising areas such as toy and electronics production, and then finance. Migrants found work in the expanding industries, becoming a cog in a productive engine rather than merely a cost.

(Economist review)

But he allowed private sector cartels to continue to dominate the HK economy. In his time, it was the Hongs (Jardines, Swire and other ang moh Hongs) and the big banks (HSBC and StanChart).  A tradition continued today with local property cos controlling the property mkt (no massive affordable public housing), and Cheung Kong, Jardines and Swire having a big share of the retail mkt, and HSBC and Bank of China dominating the finance sector.

 

 

Grey Rhinos, Chinese Puzzles Galore

In China on 10/11/2018 at 9:36 am

Further to China afraid of Black Swans and Grey Rhinos here’s where the Chinese first used the term “grey rhinos”

From NYT Dealbook over a yr ago (Btw, all the three cos mentioned below are in Grandpa Xi’s doghouse)

“Risks in the financial sector are sophisticated. Therefore, precautionary measures should be taken to prevent not only ‘black swan’ but also ‘gray rhino’ events.”
— Unsigned commentary in People’s Daily, the main newspaper of the Chinese Communist Party.

 

While the West may worry about unexpected events, sometimes called black swans, the focus in China is on problems that are large and very visible: gray rhinos.
You’ll recognize some gray rhinos because, until recently, they’ve been on buying sprees: Anbang, Fosun, HNA and Dalian Wanda.

Worth remembering: The recent crackdown on China’s once-celebrated international deal-makers comes straight from the top, from President Xi Jinping.

The Ups and Downs of Chinese Deal Making

 Enthusiasm for big deals with Chinese conglomerates is starting to cool.
Bank of America has decided not to do business with HNA, the huge conglomerate that The New York Times found had been giving business to relatives and associates with little disclosure to investors.
The problem? Bank of America is concerned about HNA’s shareholding and corporate structure, its complex business model, allegations concerning political connections, and Chinese regulatory interest in the company.
“We simply don’t know what we don’t know, and are not prepared to take the risk,” Matthew M. Koder, Bank of America’s president for Asia Pacific, wrote in an email.
Bank of America had been talking to HNA about new lending partnerships, according to a person with direct knowledge. It has also been among the banks helping HNA to take at least one of its many companies public.
 The beleaguered Dalian Wanda tore up a $9.3 billion agreement to sell a portfolio of hotels and theme parks and found a new buyer for the hotel properties.
After reaching a deal last week to sell the whole lot to the property firm Sunac China Holdings, Wanda announced that it would sell Sunac only the theme parks. The hotels will instead go to the Guangzhou-based R&F Properties — but for $3 billion, where the deal last week valued them at $5 billion.
The hasty reorganizations have raised concern about the due diligence being conducted. It also highlights the pressure that the Chinese government is putting on the country’s deal makers to reduce their piles of loans.
 The retail giant Suning has come under attack on Chinese state television over “irrational” foreign acquisitions, The Financial Times and Reuters reported.
In a program focused on risky overseas deals, China Central Television referred to Suning’s purchase of a 70 percent stake in the Italian soccer club Inter Milan as an example of a move that potentially raised concerns.
“This famous club has been loss-making for five years, with total losses of 275.9 million euros,” said the narrator. “What is the purpose of acquisitions like this?”

PAP’s thinking is Xi’s thinking

In China, Political governance on 09/11/2018 at 10:05 am

Further to What next? Senior civil servant saying that those who don’t vote PAP don’t wish S’pore well? where I quoted our London ambassador sneering at the ang moh way of alternating opposing parties in power

The alternative—a constant merry-go-round of contending parties—does not necessarily produce better outcomes. Politicians fail to keep the promises they make, the people become disillusioned, and eventually lose faith in democracy. Witness the low voter-turnouts in many Western democracies.

Doesn’t this sound like u/m?

Chinese leaders are too cynical about elections in the democratic West, and about the lessons that even messy campaigns can offer. They are not cynical enough about their own authoritarian system, refusing to see how it induces a sort of democracy-blindness. Even well-informed officials and scholars misread political dynamics around the world.

https://www.economist.com/china/2018/10/20/china-is-misreading-western-populism

Related posts:  Keeping power in a one-party state and Would this happen in a one-party state?

 

 

China afraid of Black Swans and Grey Rhinos

In China on 09/11/2018 at 4:14 am

Black swans, and grey rhinos, are likely to occur this year with adverse consequences, Fan Hengshan, vice secretary general of the National Development and Reform Commission (NDRC), wrote in a commentary in the state-controlled newspaper, Reuters reported recently.

Black swans are unforeseen occurrences. Grey rhinos are highly obvious yet ignored threats. China’s debt problem is a huge grey rhino.

More evidence why USA is bad luck for HSBC

In Banks on 08/11/2018 at 2:50 pm

Further to HSBC refuses to learn lesson of past where I grumbled about HSBC’s latest foray into the US consumer mkt (third time after two failures), there’s this

HSBC has said some of its US customers’ bank accounts were hacked in October.

The lender said that the perpetrators may have accessed information including account numbers and balances, statement and transaction histories and payee details, as well as users’ names, addresses and dates of birth.

The BBC understands the firm believes that fewer than 1% of its American clients were affected.

https://www.bbc.com/news/technology-46117963

In HK, HSBC uses feng shui experts. Time to fly one of them to the US.

HSBC refuses to learn lesson of past

In Banks on 08/11/2018 at 10:00 am

That it destroys shareholder value by investing in US consumer banking or finance.

HSBC is getting back into US consumer lending almost a decade after it was forced to write off US$10.6bn for its last foray into that US market. In 2003 it purchased subprime lender Household, but the financial crisis resulted in a write-off of US$10.6bn of goodwill. The biz was closed in 2009.

Recently it

said that it is launching a digital lending platform for US customers in the first half of 2019. The platform will be powered by online lender Avant, which has already processed almost $5bn of loans for more than 600,000 customers.

“The US unsecured personal loan market is growing at 20 per cent annually and has surpassed $125 billion in balances,” said Pablo Sanchez, Regional Head of Retail Banking and Wealth Management for HSBC in the US and Canada.

“By adding personal loans to our expanding product suite, we’re meeting the needs of today’s consumers who want a safe, fast and easy way to borrow money online.”

Going online means the bank can address a far broader market than just those in the catchment areas of its almost 230 US branches. The bank, which already offers credit cards, in the US, did not give any target for how much it hopes to lend.

FT

Sounds it is trying to put into practice what playwright Samuel Beckett said

Try Again. Fail Again. Fail Better.

Third time trying in US. Anyone Remember Marine Midland Bank?

In 1980, it acquired

a 51 percent controlling interest in Marine Midland Corporation. By then, it was the 13th largest commercial bank in the United States, with about 300 banking offices across New York and about 25 offices in foreign countries. HSBC acquired full ownership in 1987.

Wikipedia

Ah well there’s the profits from Greater China to keep us shareholders contented. The investment of bank resources into the Pearl River Estuary hopefully makes up being swindled by the Yankees a third time.

Will this resale flat buyer vote for PAP in next GE?

In Political governance, Property on 07/11/2018 at 4:19 pm

After reading this post, tell me if you think Jun Liang, the resale flat buyer, will vote for the PAP in the next GE.

Further to Will resale flat owners still vote for PAP in next GE? where I reported that the value of the homes has been falling even as prices of private dwellings rebounded over the past five quarters, leading to a 13.8 points gap in their price performance, the widest in more than a decade. Private home prices rose 0.5% in the third quarter, after climbing 3.4% in the previous three months here’s a really sad story

🤑🤣😛😢😪😂😝😜

“I bought in the resale market when the prices were quite high some years back,” said Jun Liang, 42, whose apartment is in a 55-year-old block called Selegie House. “When I look at the value now, it would not have appreciated — in fact, after renovation costs it could even be a small loss.”

[…]

Home-owner Jun and his wife bought their apartment in one of the oldest HDB blocks in 2013 after getting married, spending about S$700,000 on the property and another S$100,000 to renovate. Now, they have thoughts of upgrading to a private condo. But, looking at their budget, the couple wonder if they’ve any chance of getting the home they want.

https://www.bloomberg.com/news/articles/2018-10-25/singapore-s-public-housing-envy-of-the-world-hits-rough-patch

I think he’s deluded about a small loss taking into account renovation costs. Remember prices for flats like his took a dive after Lawrence Wong’s warning about the govt taking back the land when the leasehold expires: Why 30-year old HDB flats difficult to sell.

And it’s going to get worse. 🤑🤣😛😢😪😂😝😜

Nicholas Mak, executive director and head of research at real estate firm ZACD Group said:

HDB resale prices may fall 1 percent to 2 percent this year, according to Mak.  In the long term, besides undermining public sentiment, declines could threaten demand for private housing, since fewer people will feel wealthy enough to upgrade to condominiums, according to Cushman & Wakefield Inc.

https://www.bloomberg.com/news/articles/2018-10-25/singapore-s-public-housing-envy-of-the-world-hits-rough-patch

Who asked Jun Liang and his wife to believe PM and his ministers on asset values? Exposed: Flaws in PM’s HDB spin 

🤑🤣😛😢😪😂😝😜

And Jun Liang should also worry about the trade war between China and Trump because a slow down in China is terrible for us: we more affected than the rest of Asean:  PAP needs strong Chinese economic growth.

PAP needs strong Chinese economic growth

In China, Economy, Indonesia, Malaysia on 07/11/2018 at 10:54 am

Looking at chart, it’s no wonder our finance minister is really worried if Trump paks China really hard. S’pore’s very dependent on Chinese growth because China is an integral part of Asian supply chains.

South Korea, Taiwan, S’pore, M’sia, Indonesia, Thailand and the Philippines have all benefited from the rise of China as a manufacturing power, especially since the global financial crisis.

Singapore assessing 2019 forecasts amidst escalating trade spat: Finance minister

Singapore has already witnessed a slash in business investments amidst the looming trade wars.

Finance minister Heng Swee Keat thinks that Singapore may have to look out on its economic growth projects for 2019 amidst the escalating US-China trade tensions that have pumped up uncertainty for business investments.

“In the short run, the impact is not fully felt yet,” with Singapore retaining its growth forecast for this year at 2.5% to 3.5%, Heng said in an interview with Bloomberg Television. “But any trade tension that sets back globalization will affect everyone, including the countries that are directly involved, but also collateral damage right across all economies.”

Heng acknowledged that the Lion City had already witnessed the effects of the trade war through increased uncertainty and reduced investment by businesses, noting that next year’s situation will depend on how the situation will unfold in the next few months.

The ‘global production frontier’ being diminished could allow a prolonged trade war to severely disrupt the global supply chain thereby hitting countries with long-term growth challenges, the minister said.

“Our priority areas remain for economic restructuring,” Heng explained. “The other big area is looking at infrastructure development” with urbanization being a major trend in Asia.

Here’s more from Bloomberg.

 

“Singapore is a not a clean city. It’s a cleaned city.”

In Environment, Political governance, Public Administration on 06/11/2018 at 2:10 pm

So what we may ask?

More than S$120m a year is spent on cleaning public spaces. And PAPpies not happy that the PAP administration has to this amount to keep S’pore clean. (Perhaps they hope that this money can be diverted to millionaire ministers?).

The PAPpy unhappiness

At first, the policy [LKY’s Clean and Green policy of which the anti-littering campaign was part of ] worked, according to Liak Teng Lit, chairman of the National Environment Agency. A combination of public awareness campaigning and punitive measures made a difference. More people picked up after themselves. The city became cleaner.

————————————–

Green S’pore

LKY & greenery

My S’pore: A greener & more pleasant land

Urban planning: a constrasting tale of UK cities & S’pore

2025: LKY’s memorial unveiled

Uniquely global: Rainforest in a global city

————————————

In 1961, Singapore had a “broom brigade” of 7,000 day labourers who were directly employed by the department of health. By 1989, there were only 2,100.

But things changed. The city became wealthier, and it became easier to use low-cost labour to clean up. Nowadays, says Liak, Singapore isn’t clean because locals fear fines. It’s clean because there’s an army of workers scrubbing it. They do the heavy lifting. More than anyone else, they keep Singapore clean.

“Singapore is a not a clean city. It’s a cleaned city,” Liak declares.

There are 56,000 cleaners registered with the National Environment Agency. There are likely thousands of independent contractors who aren’t registered. Mostly they’re low-paid foreign workers or elderly workers. Taipei, by contrast, has maybe 5,000 cleaners, Liak adds.

http://www.bbc.com/capital/story/20181025-the-cost-of-keeping-singapore-squeaky-clean

One reason they give for wanting us to pick up litter: good for our souls i.e. civic consciousness the PAPpy way

Edward D’Silva [chairman of the Public Hygiene Council] is frustrated about the way the rise of this army of cleaners has changed the culture in Singapore. With so many cleaners, Singaporeans came to regard cleaning up as someone else’s job. Today, Singaporeans often leave their tray on the table at hawker centres after eating a meal, because they don’t consider it littering, or they think it’s the cleaners’ job to clean up after them. (In fairness, tray return facilities were only installed in 2013.)

D’Silva says students don’t pick up after themselves either, because they’ve always had a cleaner to do it for them. It’s something the Public Hygiene Council is trying to address at local schools. Simply put, he thinks Singaporeans have had it too easy for too long, and they need to change. Liak agrees.

“The government cleans the apartment [building], right up to your corridor, typically twice a day. When you have a very efficient cleaning service, and your neighbour messes up the place, you don’t blame the neighbour, you blame the cleaner for not picking it up,” he says.

BBC report

The real reason, want to save $:

In Singapore, cleaners are mostly drawn from a pool of roughly a million foreign workers as well as local aged workers. But as Singapore’s population grows and labour becomes more expensive, it simply won’t be affordable to employ so many cleaners.

Edward D’Silva says part of the original push for a cleaner Singapore was economic. Cleaning public spaces is expensive and it takes money away from more valuable pursuits. He says that’s still the case, and Singapore needs to change its behaviour fast. Singapore spends at least SGD$120m (US$87m) a year on cleaning public spaces.

“If you are able to instill and cultivate a habit whereby people don’t throw their litter anywhere and anyhow, then the money you would have otherwise spent to employ those cleaners, well, millions of dollars could have been better spent on health and education,” he said.

BBC report

As usual with the PAP, it’s all about money.

How Harvard “fixes” Crazy Smart Asians

In Uncategorized on 06/11/2018 at 10:22 am

Says that they are not likeable, so will not be good students.

Further to this Trump supports Crazy Smart Asians, at the trial that began in Boston to determine if Harvard discriminates against Asian-Americans, the plaintiffs point out that Asian applicants to Harvard do brilliantly on academic tests but mysteriously terribly on subjective measures such as likeability.

S’poreans who stage walk-out show why they are still sheep

In Uncategorized on 05/11/2018 at 3:02 pm

The staff of Google S’pore are no sheep on the face of it because they walked out last Thursday to protest against the company’s handling of cases of alleged sexual misconduct. When have S’poreans got the balls to strike? Last strike here was when FTs working at SMRT went on strike. Moreover as Reuters staff showed, even gathering to hold placards on their employer’s premises is an invitation for the police to come pay a visit.


Last Strike/ FTs lead the Way

SMRT: Better not take the bus

SMRT did not brief FT drivers on labour law?

TRE says it all about Ong Ye Kung, NTUC & SMRT

Ong Really PM Material?

Ong Ye Kung: A study in failure

Why he really could still be next PM

“Experts” wrong to write-off Ong as next PM

———————————————————–

But they are still S’porean sheep, because Google employees round the world walked out last Thursday  to protest against the company’s handling of cases of alleged sexual misconduct. If the S’pore office didn’t join in …

Actually, because of the time zone, the S’pore office was the first in the Empire to stage a walkout. Imagine if the Singkies had decided to continue working …

Crazy Rich Ganga User jailed for another yr

In Uncategorized on 05/11/2018 at 10:00 am

In Yet another Crazy Rich Asian druggie has gd lawyer, I blogged about how Metro scion Ong Jenn had a good lawyer that got him off on a lesser charge than what the prosecution wanted.

The prosecution appealed saying he should be convicted of abetting to traffic drug. But a High  Court judge dismissed the appeal against the conviction and against Ong’s reduced charges, to rule that he should not be convicted of abetting to traffic drugs.

But as for the prosecution’s appeal against the sentence, the judge agreed that the should jail term extended by a year to three years.

Even in S’pore where “Money talks, BS walks”, money can’t get a person everything.

Crazy Rich Fools?

In Uncategorized on 04/11/2018 at 4:25 pm

Those who buy and use iPhones.

Apple does pretty well charging customers more money for fancier versions of existing products. There is indeed no fool like a fool addicted to the persistent tapping of a blue-lit screen.

FT’s Letter from Lex

Ex-ST wimmin promoting ex-PM’s book?

In Media on 04/11/2018 at 10:18 am

Here’s a review of Goh Cock Chok Tong book that had me want to go out to buy it: https://berthahenson.wordpress.com/2018/11/02/how-the-holy-goh-got-on-with-the-father-and-the-son/?fbclid=IwAR2rBVxPronTL3UwADIsc_B3d8B4cCCqNsUgolJr9jAh715PbAlkLtMReW8

Until I remembered that Bertha Henson wanted to be a Sith Lord (in this case editor of ST). But she didn’t get her wish, and this Imperial Stormtrooper general (Paper arm) moved on, and tried to be a Jedi by criticising ST. My dogs despise her for biting the hand that fed her well. To be fair, she’s not the only one liddat

— Feeling free to bite hand that once fed him

— “Fake news: Just make mainstream media more credible”

— ST team in exile in SCMP (including Yaacob’s sis who was ST’s deputy editor) in HK

They were

enablers of a juggernaut. When they were regularly paid 30 pieces of silver serious sums of money, they never doubted that they were working for truth, justice, the S’pore way and Harry. But when the money stopped, they all had Damascene conversions, or so it seems. Humbug?

This brings me ex-deputy editor of ST (sis of retired minister and wife of  Cherian George, advocate of freedom of the media). She did a fawning, balls-carrying interview of Cock Chok Tong: https://www.scmp.com/week-asia/politics/article/2171489/lee-kuan-yews-sentosa-nudist-colony-idea-being-seat-warmer-and. Brown nosing habits are hard to shake off?

 

Sounds like TRE cybernut’s “good” twin

In Uncategorized on 03/11/2018 at 3:03 pm

Or is it “evil” twin of TRE cybernut rabble rouser? You decide. Whatever, juz as nutty and moronic as TRE cybernut?

What matters most is the will to carry on what has been laid down by our founding fathers.
To the 30% who are agitating against our various programs such as our CPF, our housing programs – HDB – health, education as well as our law enforcement it would be better if they sit back to compare the other countries that do not have these in place.

Countries run by corruption, cronyism insecurity with so called freedom and demoncracy to change the government moving from bad to worst.

Countries that the voters are taken for a ride with manifestos that can’t be implemented (a manifestos that even the head of the new government admitted were false).
Many of us like myself had gone thru the dark days of riots jobless empty stomach and had had better jobs security and all the good things albeit not the super luxurious life.

We can’t afford and should never allow corruption and mismanagement of funds especially the Town Council as these are our money by those who were elected to safeguard these funds.

FB post

He was responding to Singapore Matters (As TOC and TRE are to anti-PAP cybermuts, this site is to pro-PAP nuts

Our forefathers toiled with their hands to build a good home for us. They made many sacrifices and upheld the highest standard of integrity to make this possible.

That highest standard of integrity and incorruption has given us a competitive advantage over our neighbours and brought us to where we are today.

AGO regularly audits and highlights lapses, without fear or favour, to maintain integrity in our institutions.

Similarly, ALL town councils have to be audited by their own appointed independent auditors. There is no exception.

Pasir Ris-Punggol Town Council, for example, appointed Ernst & Young LLP as their independent auditor.

The best of systems can only be as robust as the people want it to be.

When we get angry and offended by those who seek to uphold integrity in our institutions, and vilify them, we have to ask ourselves: which direction do we want Singapore to go.

Do we want to maintain a high standard of integrity or do we want to lower it and celebrate wrongdoing instead?

Cont’d: Why anti-PAP types now really quiet about M’sian switch from GST to SST

In Malaysia on 03/11/2018 at 10:20 am

An update to Why anti-PAP types now really quiet about M’sian switch from GST to SST.

Yesterday,

Malaysia’s new government will cut public spending sharply despite foreseeing the economy growing more slowly than had been expected earlier

No money leh. Those anti-PAP types that want to abolish GST (think rational people like P[olitician] Ravi prepared for reduced govt expenditures? Need I say more?

Yes I can

Malaysia’s deficit target is set to expand this year to 3.7 per cent of gross domestic product (GDP) from a 2.8 per cent target under the previous Barisan Nasional government. The median estimate in a Bloomberg survey of nine economists was 3.2 per cent.

The shortfall is set to ease to 3.4 per cent next year.

Sounds like GST is needed in KL especially as

To fund the gap, the government will more than double the amount of dividends it expects to receive next year from state oil company Petroliam Nasional Bhd to RM54 billion.

This assumes oil price will not tank. Remember M’sia introduced GST because oil prices fell to US$30.

 

Survey feedback: a really Hard Truth

In Political governance, Public Administration on 02/11/2018 at 4:52 pm

The PAP administration is always asking for feedback via surveys etc. But even many of the 70% think that the whole exercise is a waste of time because they think the PAP administration already “knows” the results of the survey etc.

The feedback is for confirmation that the PAP administration got it right and is wayang.

To overcome this cynicism:

It is more important to follow through and take real steps to make people happier and more productive.

FT

Context of above quote

There is a growing view that too many companies think doing the odd staff survey is enough to tick the engagement box. It is more important to follow through and take real steps to make people happier and more productive. Put another way, a company can do as many surveys as it likes, but if it irks workers with doltish managers, idiotic dress codes, petty rules on attendance and worse, it should expect to be treated in kind.

The really Hard Truth:

The PAP administration can do as many surveys as it likes, but if it annoys voters with second rate but overpaid ministers, inefficient (think SMRT) or expensive public serices (water and electricity), bullying, agencies with bad culture (Integrated Health Systems*), petty rules or worse, it should expect cynicism: a “What’s it in for me?” attitude or worse even if S’pore remains a de facto one-party state.


*Senior mgr chiak chua

The day before, a senior manager of IHiS’ security management department, Mr Ernest Tan, had testified that he was reluctant to raise the alarm to his superiors despite knowing about suspicious logins to the patient database, for fear of working “non-stop” to “deliver answers” to top management.

This had led to a delay in the reporting and detection of the cyber attack, which saw hackers make off with the personal data of 1.5 million SingHealth patients between June 27 and July 4.

https://www.todayonline.com/singapore/cultural-issues-ihis-hampered-detection-and-reporting-cybersecurity-incidents

 

 

HohoHo: StanChart’s strategic plans are sounding like our restructuring plans

In Banks, Temasek on 02/11/2018 at 10:30 am

I’ve joked about our economic restructuring plans

“I’m sorry but

“We are feeling the pains of restructuring, but not yet seeing the dividends of our hard work. But we are pursuing all the right strategies, and I am confident that given time these strategies will work for us.”

smacks of “Jam to-morrow and jam yesterday – but never jam to-day”

Pardon my cynicism.

We’ve been here before. How many times has economy been “restructured” since the 80s? And how many times have SMEs been helped to  “restructure and tide through challenging times”?”

Economic restructuring: This time, it’s really different

Well it seems that StanChart is taking a leaf from it’s largest shareholder. This is the FT’s headline

Standard Chartered promises new plan to boost profitability

Lender’s new strategy will mean further job cuts as it aims to become a simpler bank
Well after three years of a turnround plan, however, there’ll be a new plan next yr.

chief executive Bill Winters has done a poor job of preserving shareholder value — never mind building some — since he joined just over three years ago. The shares are down 40 per cent.

HoHoHo: Time for StanChart’s CEO to go?

(Related post: HoHoHo: StanChart’s CEO is worse than our paper generals)

Ideas are only ever as good as their implementation.

Btw, talking about execution in Capitalism in America: A History, by Alan Greenspan and Adrian Wooldridge, talking about men like Carnegie, Rockefeller,

“These great entrepreneurs earned their place in history not by inventing new things but by organizing them.”

Here’s a comment about the book, “Three themes are highlighted — productivity as the measure of economic progress; the “Siamese twins of creation and destruction” as the sources of productivity growth; and the political reaction to the consequences of creative destruction”

 

 

 

Why anti-PAP types now really quiet about M’sian switch from GST to SST

In Malaysia on 01/11/2018 at 3:43 pm

When PH won GE and it was annced that GST would be scrapped in favour of Sales Tax, the local anti-PAP types cheered saying that taz the way to beat rises in the cost of living and inflation: bring down prices. I think even P Ravi joined in.

Since then, the silence has been deafening given

Malaysian parliament question time risked breaking out into mayhem on Monday (Oct 15), after finance minister Lim Guan Eng declared he never promised that the Sales and Services Tax (SST) would bring prices down.

https://www.todayonline.com/world/i-never-said-new-sales-tax-would-bring-prices-down-argues-lim-guan-eng

Don’t our anti-PAP types say in TOC, TRE and other alt-media sites KPKB that without GST, prices would be lower?

Tomorrow is Budget day in KL and

Finance Minister Lim Guan Eng’s maiden budget is expected to contain new taxes and spending cuts, and he has warned Malaysians that they should be prepared to make sacrifices.

The new government has to cover a revenue shortfall arising from its decision to scrap the goods and services tax (GST) and reintroduce fuel subsidies —  both done to fulfill election campaign promises.

https://www.todayonline.com/world/malaysia-prepares-austerity-budget-amid-strains-fiscal-deficit-0

Sacrifices? What sacrifices? Anti-PAP types told us that jux abolish GST and everything will be fine.

Any wonder why they so quiet on GST?

 

Why paper generals, not private sector CEOs make it to PAP cabinet

In Corporate governance, Public Administration, S'pore Inc on 01/11/2018 at 10:43 am

Today when flipping thru the FT, emphasis mine, I read

The desire to have more “business people” involved in politics is a well-worn itch. Gordon Brown’s decision, for example, to form a “ government of all talents” in 2007 with non-politicians such as Lords Digby Jones and Alan West proved a flop. The skills that make individuals successful in business rarely translate into politics. CEOs are programmed to take charge. Operating under political guidance grates, even for the most seasoned executive, however alluring the grace-and-favour mansion may be.

FT editorial

Our paper generals are programmed to take orders from ministers and senior civil servants; local private sector CEOs are not. Unlike our paper generals, who never have had to lead troops into battle or even into a hostile, environment, these CEOs “are programmed to take charge.”


Paper General in action

Kidding me? Kee Chui potential PM? He from RI?

Why “Kee Chiu” got renamed “Kee Chui”

——————————————————-

Btw, the CEOs of those successful TLCs and GLCs that are world class, are somewhere in between, if they rose from the ranks of the GLC or TLC, and not parachuted in. And the best ”are programmed to take charge”.

Don’t tell us, tell ex-PM, Indranee Rajah

In Political economy on 31/10/2018 at 5:22 pm

Those were my tots when I read in the construction, nation-building CNA

Stop thinking of people in terms of social class or income: Indranee Rajah

What can Singaporeans do to help bridge the gap between social classes? For Minister in the Prime Minister’s Office Indranee Rajah, the answer is very simple: Think of people as people.

She was responding to a question from a participant at a dialogue and closed-door screening of the Channel NewsAsia documentary “Regardless of Class” on Monday (Oct 29). The documentary explores the class divide in Singapore and how it affects society.

Read more at https://www.channelnewsasia.com/news/singapore/stop-thinking-of-people-in-terms-of-social-class-or-income-10876762

I mean who was the cock that tried to sabo the PAP govt when it was trying to showcase why S’poreans should be happy with the PAP by saying around the time of the National Day celebrations

that those in the private sector earning less than $1m are “very mediocre people”. And that the PAP only chose ministers from the private sector if they were earning $1m or more.

Ex-PM’s money obsession causing PAP problems

Anyone using money to distinguish between “mediocre” and “not mediocre” people is thinking in terms “of people in terms of social class or income”.

Or is she trying to be a stand-up comic, like Tharman?

Tharman trying to tell jokes

Tharman trying to tell jokes again?

— Property: Tharman trying to crack jokes again

 

LGBT rights campaigner happy that gays suffer UK court defeat

In Uncategorized on 31/10/2018 at 9:56 am

In the UK, Peter Tatchell is a LGBT rights campaigner that has campaigned for yrs and yrs for LBGT rights, but recently he upset many gays when he welcomed a court decision that many gays and their opponents took as a defeat for the cause.

In Gays versus Taliban Christians etc I wrote

[W]e have Pink Dot and friends who are calling for boycott of IKEA here (https://atans1.wordpress.com/2015/05/06/pink-dot-lgbt-militants-score-own-goal/) for being gay “unfriendly”. And the u/m shows gay overreach in the UK where gay marriages are legal:

“Gay prejudicing,” is the Sun’s headline to the story about a Christian-run bakery being found guilty of discrimination after refusing to decorate a cake with the slogan “support gay marriage”.

For the Express, it’s “hardly a victory for common sense or for live-and-let-live… Since when is it a crime for a private company to turn down work?”

The Mail says that Belfast Judge Isobel Brownlie might have been applying the letter of the law but argues it raises questions about the balance between gay and religious rights. “Indeed, it highlights the argument for a conscience clause, protecting believers from being forced to go against the teachings of their faith,” it says.

Given that the bakers had not refused to serve the customer because he was gay but because its owners disagreed with the slogan, the Daily Telegraph asks whether the bakery’s stance was “discrimination against gays or an assertion of the right to free speech?”

It adds: “Imagine if a Muslim printer was forced to produce a cartoon of the Prophet Mohammed.”

Well recently, the UK’s Supreme Court ruled in favour of the Christian-owned bakery in Northern Ireland that refused to make a cake with a slogan supporting gay marriage, which remains illegal in the province. Peter Tatchell said it was “a victory for common sense” upsetting many gays.

I like the judges reasoning. The judges found that the bakers

— had not refused to serve the customer who ordered the cake on the basis of his sexuality; and

— so were justified on free-speech grounds in not baking the message he wanted displayed on it.

The militant gays were saying that the refusal to make a cake with the ordered slogan was the same as putting out a landlord putting out a sign saying

No blacks or Irish need apply

This is illegal in the UK, though not here.

The judges put paid to that line of reasoning by saying that the bakers had not discriminated against customer who ordered the cake on the basis of his sexuality, and so were entitled to refuse to bake a cake with the slogan the hay wanted.

Will resale flat owners still vote for PAP in next GE?

In Political governance, Property on 30/10/2018 at 1:29 pm

🤑🤣😛😢😪😂😝😜

Resale prices for HDB flats have been on the decline over the last year. Prices fell 0.7 per cent in the third quarter of 2017, 0.2 per cent in the fourth quarter of 2017 and 0.8 per cent in the first quarter of this year, although they inched up 0.1 per cent in the second quarter.

Read more at https://www.channelnewsasia.com/news/singapore/hdb-resale-transactions-up-19-in-q3-as-prices-remain-flat-10865850

🤑🤣😛😢😪😂😝😜

Whatever happened to “asset enhancement”? Exposed: Flaws in PM’s HDB spin 

And Why 30-year old HDB flats difficult to sell/ Why PAP rule will end in 2029

No guesses about why S’poreans are so unhappy that they donated to WP MPs  (How to protest effectively when there’s no GE).

African example PAP govt will follow?

In Economy, Political governance, Public Administration on 30/10/2018 at 9:47 am

The Tanzanian government is in the process of amending its statistical legislation so that it can impose fines or jail time on anyone who questions the accuracy of official figures.

Not a big step from what Ng Eng Hen did as a newbie cabinet minister (Manpower) many yrs ago when he roughed up some academics who published analysis based on extrapolation (I think) of officially published data on a sensitive issue (FT employment rates vis-a-vis locals). Appparently there was some unpublished data according to Hen that contradicted the extrapolation: they should have asked his ministry whether their analysis was correct.

After the row died down (the academics sucked XXXX), the long-standing head of the stats dept resigned. As a noted economist (then and now) remarked tongue -in-cheek: “Wow, govt admits data published on website is not accurate”.

Whatever, Hen never looked back: his star was on the rise.

Ang moh manufacturer employs more people here than in China and planning to employ a lot more

In Economy, EDB on 29/10/2018 at 1:49 pm

Dyson which already has facilities here (and employs more people than in China — see below) is to build the first of its electric cars in Singapore, choosing the country over the UK and China.

Privately owned by one  Mr Dyson, Dyson is planning to break into the automotive industry with a series of electric vehicles, using its existing knowledge in batteries and electric motors to give it the edge over established manufacturers. It manufactures and sells hairdryers, vacuum cleaners and air filters.

———————————————-

Something that alt media doesn’t tell S’poreans

The PAP govt is attracting advanced manufacturing here and Dyson shows this.

Advanced manufacturing is a priority for Singapore, which deems it a way to raise productivity at a time when the city-state has struggled to maintain high levels of efficiency.

FT

———————————————

The FT reports

Singapore’s incentives include tax breaks for five years, which can be extended, and R&D grants that can cover up to 30 per cent of the cost of projects that involve product, application or process development, according to the Singapore Economic Development Board. They also offer expensive land at discounted rates, says a person with experience of Singapore’s economic planning. “They definitely would have given [Dyson] a favourable tax break,” they add.

Dyson refuses to reveal the scale of its investment, though the EDB’s Kiren Kumar says the company would double its 1,000-strong workforce in the country through the investment.

For Dyson, which says its Singapore investment was premised on market access rather than incentives, no amount of government support can remove the need to pour its own resources into the venture.

How to protest effectively when there’s no GE

In Corporate governance on 29/10/2018 at 9:48 am

S’poreans unhappy enough with PAP to donate $1m

is the header I used when sending an email to an overseas connection enclosing a link which began

After raising more than S$1 million in about three days, the three Workers’ Party Members of Parliament (MPs) who are facing civil lawsuits have suspended their public appeal for legal funds.

https://www.todayonline.com/singapore/wp-mps-suspend-public-appeal-legal-funds-after-raising-more-s1-million

Given that in S’pore, a one-person street protest is illegal unless police permission is obtained (Seelan Palay: Sylvia Lim was right) and even holding up placards on private land will lead to police visiting scene and having a chat (ask the Reuters staff who held up placards on office premises), publicly donating serious $ to Oppo MPs is a good sign that there are unhappy S’poreans who are willing to walk the talk: unlike the cybernuts who publicly wank themselves on sites like TOC and TRE but who are unwilling to fund these sites.

They talk the talk, but don’t walk the talk. They are life’s born losers.

Juz before the appeal and response, Terry of Terry’s Online Channel commented on FB that he was “pissed” because in the last yr TOC had received $8,000 in donations, and most of the money came from three persons. TRE gave up asking for donations yrs ago.

Coming back to the demonstration of public unhappiness with the PAP govt, given the PAP’s obsession about the importance of money (example Ex-PM’s money obsession causing PAP problems), I’m sure that PM and other PAP leaders are wondering what further goodies to hand out to keep the 70% happy or what monkey to kill to keep the 30% fearful.

Seriously, the donations should worry the PAP. Secret Squirrel tells me that he knows of several people who regularly vote PAP who donated. His sidekick Morocco Mole tells me that several pro PAP “like” this FB comment

The problem is this. Yes WP ward has an issue based on rules set forth by the governing party. However, because of the lack of action to correct all the problems in the government agencies, nevermind the TC for now, the PAP has no moral right to question others.

That’s the problem…that’s why no one gives any respect because none is due to them.

 

 

 

 

 

 

*

 

Under PAP rule will S’pore become like UK or Venezuela?

In Political economy, Political governance, Public Administration on 28/10/2018 at 2:07 pm

In Hard Truth why PAP wins and wins I wrote about goodies for oldies from the PAP govt as its way of of bribing making sure that the vast majority of the Pioneer and Merdeka Generations continue voting for the PAP. As far as I’m concerned, we got the money for this and more, a lot more. Think of the buget surpluses: How we fund our SWFs

But if the cybernuts are right that our reserves have been lost, implying that the income from our reserves that goes into the Budget is fake $, then we are in trouble.

After all over the last 10 years, Singapore’s net investment returns (NIR) contribution (NIRC) to the Budget has more than doubled from S$7 billion in FY2009 to an estimated S$15.9 billion in FY2018.


Waz this NIRC and NIR BS?

NIRC consists of 50 per cent of the Net Investment Returns (NIR) on the net assets invested by GIC, the Monetary Authority of Singapore and Temasek Holdings and 50 per cent of the Net Investment Income (NII) derived from past reserves from the remaining assets.

In other words, we spend 50 per cent of the estimated gains from investment, and put the remaining 50 per cent back into the reserves to preserve its growth for future use.

Associate Professor Randolph Tan is Director of the Centre for Applied Research at the Singapore University of Social Services, and a Nominated Member of Parliament.


The money finally runs out because of too many bribes goodies for voters to keep them voting for the PAP. So if there’s really no money because the reserves are squandered as alleged by Phillip Ang (CPF class action: Phillip Ang’s “reply’ to fellow cybernut) and other cybernuts, then S’pore under the PAP will become like UK and Venezuela.

In the UK

‘Everything is just stretched to its limit’

“There are more people requiring services,” says Simon. “We’re an ageing population and there are more children in schools. It’s alright them saying they’re putting more money in, but per individual it doesn’t equate.”

Like many locals, the men are worried about Scarborough Hospital, which is part of York Teaching Hospital NHS Foundation Trust. It is facing a reorganisation and locals fear departments could be closed in their town.

https://www.bbc.com/news/business-45968036

And in Venezuela

From schoolteacher to cleaner

Maria Eugenia Carrillo was enthusiastic about the system of free schooling introduced by Hugo Chávez in the early 2000s. But increasing pressure by her bosses to include political content in lessons bothered her. And then there was the poverty.

“I saw my children sick and hungry, their parents looking for food among the rubbish and diseases like measles running rampant through the school,” she says.

“When parents came to pick up their children they stopped asking ‘what did you learn today?’ and asked instead: ‘What did you eat today?'”
Image caption “I always dreamed of living and dying in Venezuela.”

The 52-year-old teacher says that the political pressure caused her so much stress that her fibromyalgia became more acute – until she decided she had to leave Venezuela, flying to Madrid in October 2017.

Without official papers, she has no chance of working as a teacher, and is cleaning homes for cash.

“I always dreamed of living and dying in Venezuela,” she says. “I even had a beach house until a Chavista [a supporter of Venezuela’s government] took a shine to it and moved in. I couldn’t do anything. I was paralysed by the fear of being arrested.”

And

The irony of Spain and Venezuela’s reversal in fortunes is not lost on Cándido Soengas, who escaped poverty and dictatorship in 1950s Spain by crossing the Atlantic.

Now, he has been forced to return to Spain, as living conditions unravelled in the Venezuelan capital.

“I never expected to come back,” 87-year-old Mr Soengas says in the garden of his Madrid retirement home, reminiscing on the life he and his late wife made for themselves in Caracas.

“I was happy in Venezuela. There were always people about to lend me a hand and when I brought my children up, we wanted for nothing.”

“They were good times.”

https://www.bbc.com/news/world-europe-45640307

“They were good times,” hopefully I won’t say this 25 yrs from now when I’m his age.

 

Crazy Rich Asians not falling for Ang Moh BS

In Corporate governance, Environment, Financial competency on 28/10/2018 at 9:52 am

EPFR Global the data-tracking firm notes:

“Funds with socially responsible (SRI) or environmental, social and governance (ESG) mandates, with the notable exception of Asia Pacific equity funds, continue to attract fresh money even when the broader geographic groups they are part of struggle.”

 

S’pore, Asean in trouble if Renminbi collapses below 7 to US$

In China, Currencies, Economy, Emerging markets on 27/10/2018 at 1:29 pm

Further to Trump’s US$ trumps Xi’s Renminbi

if the renminbi breaks thru  7 to the US$, this has

broader repercussions for other emerging market countries, already under pressure. This includes the likes of Indonesia, India and the Philippines. India’s rupee has slumped some 15 per cent to a record low versus the dollar this year. Other China-linked exporters such as Singapore, South Korea, Thailand and Malaysia would also see their currencies come under pressure. Then there’s the Australian dollar, seen as a more liquid proxy to play China and its economic outlook along with copper and other industrial metals — today the Aussie dropped to a new two-year low just above $0.70.

FT’s Market Forces

Trump’s US$ trumps Xi’s Renminbi

In China, Currencies on 27/10/2018 at 9:57 am

Yesterday, the renminbi touched Rmb6.9462 to the dollar, its weakest level since 2008 on Friday.

The cont’d rise and then collapse of renminbi during Xi’ reign (starting in Nov 2012). When Trump became president the renminbi rose, then collapsed.

Hard Truth why PAP wins and wins

In Financial planning, Political economy, Political governance, Public Administration on 26/10/2018 at 1:36 pm

(Or “Why oldies are getting more goodies” or “You massage my back, and I scratch yrs”)

The Merdeka generation are getting goodies, juz like the Pioner Generation. Both generations in their prime have given the PAP solid support (over 60% of the popular vote).

PAP is juz rewarding voters who keep it in power

Not only that, but as S’poreans are living longer, keeping the Merdeka generation (and the balance of the Pioneer Generation) contented with the PAP govt means that the PAP’s hegemony can last at another 20 yrs.

The average Singaporean can expect to live 85.4 years in 2040, up 2.1 years from the average of 83.3 years in 2016, according to a new study by a global health research organisation.

Singapore is expected to maintain its third-place ranking in average life expectancy in 2040, if recent health trends continue.

By then, Spaniards are expected to live the longest — an average of 85.8 years — pipping the Japanese, who are expected to live an average of 85.7 years.

https://www.todayonline.com/singapore/average-singaporean-live-third-longest-world-till-854-years-2040-study

Add to that having people like Mad Dog, Lim Tean and Meng Seng as opponents and the PAP will rule forever and a day.

 

Asean “No friend” China, Trump triumphant

In Indonesia, Malaysia on 26/10/2018 at 4:21 am

In August, M’sia’s PM when in China cancelled several multi-billion dollar projects, including the East-Coast Rail Link and two gas pipelines, talking about runaway costs and affordability.

Less noisily, Burmese officials announced in June that they are reviewing and trying to revise down costs for a US$9bn China-backed port. And there’s more: Indonesia, Bangladesh and Thailand have quietly turned away Chinese financing for new ports, rails and plants. According to Fitch Solutions, this year alone, nearly 38 projects have been cancelled or suspended, up from just 12 in 2016.

Looks like no Belt for Xi’s Road and Belt dream.

Trump must be happy.

Akan datang: Drones to supply ships in harhour

In Economy, Shipping on 25/10/2018 at 5:08 pm

Next month, in Singapore, a drone made by Airbus, a European aerospace group, will begin ferrying supplies and spare parts to ships moored offshore. Airbus is working on the project with Wilhelmsen, a marine-services company. Wilhelmsen reckons that using drones will reduce delivery costs to vessels by up to 90%, and will be safer than employing launches to carry those deliveries by sea.

https://www.economist.com/science-and-technology/2018/10/23/fast-food-via-drone-takes-flight

The Harder Truth on hawker food

In Political economy on 25/10/2018 at 10:16 am

Further to The Hard Truth about hawker food

Will S’poreans still love (and eat) our hawker food if it’s no longer cheap because hawkers are paid more?

What if the Hard Truth is that they (especially the anti_PAP cybernuts from TRE love the food because hawkers are exploited in the making and selling of the food?

(My musings)

Seriously, here’s what doctor turned fatcat rentier said responding to the above link

Depends how serious govt views social impact of cooked / prepared food.

S’pore society today relies a lot more on buying prepared food as compared to 2 or even just 1 generation ago.

If govt treats having cheap prepared food as important as public healthcare, then there would need to be overt rent & price controls. No 2 ways about it.

The economic & social conditions that pushed people into hawking in the olden days is completely different from the economic, social & corporate realities today.

His solution to keep food cheap?

Just like foodcourt stalls, govt will eventually need to allow 3rd world foreigners (who are willing to accept much lower wages) to operate hawker centre stalls.

Er tot PRC reds already doing this illegally and using dog meat (from killed strays) to make char siew?

TRE Cybernut says PAP has created paradise for otters not citizens

In Environment on 24/10/2018 at 2:44 pm

When TRE republished Parable of the Slumdog Otter there was this response from a true blue, certified TRE cybernut

Rabble-rouser:

Huh? Otters being treated better by the PAP than vote-wielding 2-legged locals. That’s a good one!

CI’s article highlight his hidden wish to be reincarnated as an otter living in S’pore’s Ottercity in his next life. And why not? No GST, electricity & water rates to worry about. Like that grumpy Tiong Bahru Old Uncle who rebuffed poor Minister Indranee Rajah’s voter embrace in her walkabout because he was worried about his high cost of living. Also, humans have to wait for details on HIP2 but otters already had their living quarters upgraded for free by the PAP! First Bishan Park was upgraded to a tune of a few million dollars. Next Ottercity was created out from Marina Bay for their hospitality stay much like Pinnacles @ Duxton except they don’t have to pay by the PAP unlike their silly 2-legged cousins, the HDB Dwellers who were fooled into a million over dollars for a resale unit there. Like George Orwell’s Animal Farm, “Four legs good, two legs bad.” Now you know where PAP’s priority lies!

Maybe cybernut thinks S’pore should be renamed Udrahpore: Sanskrit for “Otter” (Udrahpore not Singapore)?

Oil prices are “right” for PAP

In Energy, Political governance on 24/10/2018 at 10:15 am

Last night Brent touched US$75.88 a barrel — the lowest since early September — before settling at US$76.44 in NY. In early October it was above US$86.

 

 

 

 

 

 

 

 

 

Phew that was a really quick sharp retracement after a very sharp spik in October: Tua kee traders take opposing views on price of oil.

The PAP govt must be relieved oil is now trading below US$80.

A US$ oil price of closer to US$100  than US$60 will pose problems for an early GE in late 2019 esp with the promised rise in GST(See below for GST related posts) after GE: Akan datang: GE in late 2019

According to Citi’s Johanna Chua, Asian countries suffer the most when oil prices rise because, aside from Malaysia, most are net oil importers. Singapore runs a sizable 6.5% oil and gas deficit,

HoHoHo: Why oil price rises are not gd for PAP

 

 

What next? Senior civil servant saying that those who don’t vote PAP don’t wish S’pore well?

In Political economy, Political governance, Public Administration on 23/10/2018 at 10:49 am

In Ang mohs told secret of why PAP wins and wins, I quoted our London ambassador on why the PAP thinks it wins and win.

She also wrote

The alternative—a constant merry-go-round of contending parties—does not necessarily produce better outcomes. Politicians fail to keep the promises they make, the people become disillusioned, and eventually lose faith in democracy. Witness the low voter-turnouts in many Western democracies.

FOO CHI HSIA

Doesn’t this sound as though she’s saying that those of us (self included) who want a viable opposition so that we can have a system whereby power can change hands in a GE are S’poreans who do not wish S’pore well?

Er,tot civil servants cannot engage in politics? And whatever happened to a neutral that our ministers and senior civil servants talk and boast about? They talking cock meh?

Seriously, our ang moh tua kees are forever bitching that civil service is not neutral.

But why should it be neutral?

Given that the PAP has ruled S’pore since 1959 (and first had the voters’ mandate in 1957), how can they expect the civil service to be neutral as it’s expected to be in the Westminster system? They don’t know their UK politcal history.

The UK (where of the Westminster model originated) has had two recent periods where one party ruled for a long period: 1979 — 1997 (Tories) and 1997 — 2010 (Labour). During both periods, the neutrality of the civil service was called in question by serious, fair-minded people, not the usual loonies and fruitcakes i.e. the British version of our cybernuts The complaint made by retired senior servants among others was that civil service was being co-opted by the governing party during both periods: ministers made sure the “right” civil servants were promoted.

Since the PAP has had repeatedly won the mandate (by wide margins) to push around and bully S’poreans, how can the civil service here not not be neutral ? Voters have made the choice: the PAP way or the highway.

And given that we are defacto one-party state, (“Why CCP’s fears are PAP’s fears”Keeping power in a one-party state and Would this happen in a one-party state?) how can any sane, rational voter expect a neutral civil service here?

Ending on the theme of a one-party state, here’s two parting tots to ponder

Communist party theorists have long railed against the danger of “peaceful evolution”, in which Communist rule is slowly undone as democratic ideals, from civil society to the rule of law, seep in through the back door.

FT

Same here?

And if so, Dr Thum Ping Tjin has a point when writing in TOC he cautions against being overly reliant on elections as the sole legitimate tool for political change: “Elections may be free, but not necessarily fair”:

Why S377A is a gate worth storming, or defending/ Legal basis of repeal

In Uncategorized on 23/10/2018 at 5:16 am

Hawkergate* (thankfully because the focus has shifted to a bread-and-kaya issue not air fairy human rights) has made anti-PAP S’poreans especially the cybernuts forget about the attempt to repeal 377A. So let’s spend a few minutes (only a few) to reflect on why the zealots on both sides of the Pink line think the row is very impt. And why most of us are boh chap the issue, unlike on Hawkergate.

The attempt to repeal section 377A in the Penal Code is the mother of all battles for the Talinanites of both sides because a victory for the repealers will open the mountain pass, or the gate of the fortress or Great Wall to the “barbarians” as the other side sees them. Of course, the stormers say history is on their side and objectively they are right.


Other Gay Suff

Male gays here: On “permanent” parole

Gays versus Taliban Christians etc

Oppressed to Oppressor: Pastor Khong describes Christianity’s evolution, not the gays’ agenda

——————————–

For those who fight for the retention of S377A, they know (rightly) that the “barbarians” (or “progressives”) will then fight for legal same-sex marriage. This will then lead to same-sex married couples becoming eligible to buy HDB flats and govt grants. It’s all about money, ain’t it?

….Then it will lead to toilet issues like man cross-dresses to woman’s attire entering women’s toilet, education system and curriculum, neighbours, etc and will lead to many other issues. Hence, it is better to keep 377A status quo. What they do privately in their bedrooms is their business.

FB post

So the fight to retain 377A is to head off the legalisation of gay marriages in the future. S377A has to be repealed first. If it’s repealed tomorrow, one less barrier or hurdle to overcome.

Onto the legal basis of the challenge

The lawyers of Johnson Ong who is taking legal action to repeal the law which criminalises sex between two men,  Mr Eugene Thuraisingam and Mr Suang Wijaya

will highlight the concept of human dignity, which was not argued in a previous challenge filed four years ago.

They will argue that Section 377A “violates human dignity”, and that sexual orientation “is unchangeable or suppressible at unacceptable personal cost”.

They will adduce expert evidence, which was also not led in the 2014 case that was struck down. They include proof that same-gender sexual orientation (including identity, behaviour, and attraction), and variations in gender identity and gender expression are “a part of the normal spectrum of human diversity and do not constitute a mental disorder”.

If established that sexual orientation is unchangeable or suppressible, they will argue that the criminalising of consensual sex is a violation of human dignity and breaches Article 9(1) of the Constitution, which states “no one shall be deprived of life and personal liberty save in accordance with law”.

The lawyers will also argue that there have been many changes and legal developments around the world since the October 2014 challenge was struck down.

https://www.todayonline.com/singapore/dj-has-file-his-evidence-challenging-section-377a-nov-20

I wish them well but point out that the predecessor of s377A was the law of the land long before the Con was enacted. The Indian case is not binding on our courts, as the lawyers know. Besides it’s an Indian, not an ang moh ruling: even for our ethnic Indian judges.


*The Hard Truth about hawker food: Link edited at 7.30am after first publication

Indians taking over the US of A

In India on 22/10/2018 at 2:50 pm

I kid u not.

The top three fastest-growing languages Indian. And there’s another four Indian languages in the top 10 fastest-growing languages (Chinese in only 7th).

And Indians vote for Trump.

United States of India?

Chart showing fastest growing languages in the US 2010 - 2017

https://www.bbc.com/news/world-45902204

And notice that Muslims (Arabic speakers) are up there too.

The Hard Truth about hawker food

In Political economy on 21/10/2018 at 10:57 am

Having read https://www.todayonline.com/big-read/big-read-grumbling-and-rumbling-social-enterprise-hawker-centres-whats-rub while there seems to be some hanky hanky about the way social enterprise hawker centres are run, the bottom line is that cheap hawker food is an unreasonable demand if the PAP govt is not willing to do something about rentals.

And if S’poreans don’t force the govt to rethink the issue of rentals, then Fishball Story’s Mr Ng is right to say

that Singaporeans should not continue to think that hawker food must be kept at traditionally low prices. When prices increase, hawkers can enjoy better margins and be more motivated to sustain their career “if they see good returns for their hard work”.

“We can start by paying a little more. If you want cheap food, I’ll give you budget-quality food. If you want good, proper food, expect to pay more.”

With the Government putting the pressure on hawkers to keep their food prices down, “there is no way hawkers can survive in the long run”, he added.

S’poreans have to realise that if rents are high, they got to Pay and Pay, juz like for ministers’ salaries, COEs etc.

Trump supports Crazy Smart Asians

In Uncategorized on 21/10/2018 at 10:14 am

The Trump administration has filed an amicus brief in support of the organisation bringing this case against Harvard

The plaintiffs say that if race was not considered, and if admissions were only based on grades alone, twice as many Asian pupils would be admitted because they perform well academically.

The case is expected to shed light on admissions practices at universities. Courts have previously allowed universities to examine race as a factor in order to promote diversity on campus, a practice known as affirmative action, or “reverse discrimination”.

https://www.bbc.com/news/world-us-canada-45868788

The interesting thing about this American Asian (ethnic Chinese in the main) group is that it is a minority group claiming that some applicants are unfairly losing out on places because of the efforts to maintain diversity among other minorities.

Parable of the Slumdog Otter

In Environment on 20/10/2018 at 11:11 am

A tale for S’poreans and the PAP to ponder. It’s a tale that should have come from P(olitican) Ravi; the Wankers’ Party MPs or activists; or Mad Dog, Lim Tean or Meng Seng.

Instead it came from Ottercity,a FB page dedicated to otters who incidentally Meng Seng doesn’t want here: Why otters support the PAP and (some) hate Meng Seng.(OK, OK I exaggerate about Meng Seng.)

Whatever, read and ponder

Who would have guessed?

He was born in a canal next to a storm drain. Whenever there was a heavy downpour, reservoir upstream would release water and flood his natal home. His parents would scramble to hurry them to get out to avoid being drown or wash away.

He grew up in heartland neighbourhood. His only playmates were his 2 siblings, he didn’t have other friends. He played with rubbish washed down by the river.

Every morning he looked forward to his parents bringing him to the neighbourhood park for a swim or a stroll. And in the evening, he would play beside the canal while waiting for his parents to return with dinner.

He led a simple happy life then.

Today, he owns the largest and most prime properties in Singapore. He has wealth of fish but he is constantly worried about others stealing from him. He has to constantly fight hard to protect and maintain what he owns today. He has forgotten how to smile.

And the Moral of the story is ….. ?

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Robin Hood banker

In Uncategorized on 20/10/2018 at 5:16 am

But he’s Italian and not from Sherwood Forest in England. And there’s a happy ending, some what.

An Italian bank manager who robbed from the rich to give to the poor has narrowly escaped going to prison.

Gilberto Baschiera was the bank manager in the small mountain town of Forni di Sopra, where he stole about €1m (£0.9m) over seven years.

He took small amounts from wealthy clients and transferred it to those who couldn’t qualify for credit.

But he never pocketed a penny for himself – and avoided going to jail after a plea bargain with authorities.

“I have always thought that in addition to protecting savers, our task was to help those in need,” Baschiera said, according to Italian newspaper Corriere Della Serra.

https://www.bbc.com/news/world-europe-45745082

PAP, Sporeans should listen to this robot

In Uncategorized on 19/10/2018 at 1:52 pm

Pepper, a robot based at Middlesex University, working with students and appearing at events, has became the first robot to appear at a UK parliamentary meeting, talking to MPs about the future of artificial intelligence in education. Pepper told MPs:

Robots will have an important role to play – but we will always need the soft skills that are unique to humans to sense, make and drive value from technology.

A Tory MP Lucy Allan joked that Pepper was “better than some of the ministers we have had before us”.

Article at https://www.bbc.com/news/technology-45879961

HoHoHo: Gd news for PAP amid cont’d global equities carnage

In Energy on 19/10/2018 at 7:06 am

In New York, the S&P 500 fell 1.4% to 2,768, while earlier in the day China’s CSI 300 lost 2.4%. Techs look sickly.

But oil’s below US$80 having been at US%86 a week ago. So PAP should be pleased: HoHoHo: Why oil price rises are not gd for PAP

BS: SingPost’s “next working day” delivery statement?Or helping “fix” PAP “opponents”?

In Uncategorized on 18/10/2018 at 11:24 am

The ongoing case against the WP MPs etc reminded me that about three weeks ago, I posted a cheque to a vendor on a Friday morning. On Tueday night he emailed to say he hadn’t received the cheque. He only received it on Thursday.

Delivery Times
Standard Mail Next working day
Non-Standard Mail 3-5 working days

https://www.singpost.com/send-receive/sending-within-singapore/ordinary-mail-local

My envelope enclosing cheque Non-Standard Mail is it?

Or delivery times not applicable for posting in private housing estate in Marine Parade GRC for delivery in HDB area in Pasir Ris isit?

Or maybe my vendor lives in a part of Pasir Ris that is part of Aljunied GRC and postmen don’t feel safe venturing into WP territory? Or SingPost joining in the alleged “fixing” of WP?

Another case. Two Mondays ago, I posted a cheque to a publisher who publishes books that the PAP administration does not like: Quiet activist looking at his bank statement and smiling.

On Wednesday evening, I got an email from the co that it had received my cheque: still no next working day delivery. But an improvement. So my delayed post to Pasir Ris could be an honesrt mistake, or because that part of Pasir Ris is WP territory?

What do you think?

 

 

 

How to react to PAP’s prognosis of doom and gloom

In Uncategorized on 18/10/2018 at 5:28 am

But first, why take IMF’s & other int’l bodies forecastswith a large pinch of salt

Forecasting is not really the IMF’s forte, while pessimism is. Every growth forecast since 2009 for the UK economy has undershot the actual result, often by a significant margin. The warning of misery ahead is widely reported, but is really no more likely to be right than the average bank economist. It’s not only the IMF which finds misery gets more coverage. In 2007, the WWF estimated that the world had five years to avoid catastrophic climate change. In 2011 the International Energy Agency gave us five years. By last year the United Nations’ tame expert reckoned we had only three. Now the grand-daddy of the doomsters, the Intergovernmental Panel on Climate Change, reckons we have 12 years to mend our sinful ways. At least the trend is encouraging.

FT’s sardonic Neil Collins

Likewise take the PAP administrations prognosis of doom and gloom for S’pore and voters if the “right” policies are not followed (Ie must Pay and Pay for ministers and public gds, must have FTs by cattle-truck load, and PAP must be have policitcal hegemony) with a larger pinch of salt.

Alt media only get their news from SPH, MediaCorp isit?

In Media on 17/10/2018 at 10:56 am

Seems that TOC, TRE, Idiots and other alt media sites only get the news that they use to KPKB about how bad things are here from the constructive, nation-building media: media that they say is part of the PAP propoganda macine. Talking of biting the hand that feeds them.

Recently they were initially quiet about World Bank Index that ranked S’pore as tops: Anti-PAPpies screaming about Oxfam report, what about World Bank’s Human Capital Index.

But they soon ranted and raged about the report.

Funnily, they didn’t mention that it follows a similar measure for 195 countries from the Institute for Health Metrics and Evaluation (IHME) published in the Lancet, a medical journal, in September.

Singapore leads the bank’s ranking. But it lies 13th in the IHME index, which instead places Finland top.

This should have have got them into orgasms of public delight: 13th only.

So I can only assume that because ST etc didn’t report on this report, they didn’t know it existed.

But now that they know of its existence, before they get too excited,

The divergence reflects two differences in approach. The World Bank’s method ignores higher education (which is even more prevalent in Finland than in Singapore). And its measures of health (stunting and survival rates) are too crude to distinguish between Singapore’s healthy population and Finland’s even healthier one.

https://www.economist.com/finance-and-economics/2018/10/13/which-countries-are-raising-the-most-productive-human

In other words, the report’s methodology puts greater emphasis on higher education and a healthier population (No good hawker food in Finland as now unemployed migrant from S’pore, Daniel Yap, has said on FB).