atans1

Archive for May, 2018|Monthly archive page

Either Tun or his Cina finance minister is wrong

In Malaysia on 31/05/2018 at 10:47 am

Both can’t be right about how good (“Malaysia’s economic fundamentals were still intact”) or how bad (“[need to] avoid being declared bankrupt”) a shape is the M’sian economy in.

But first

I am surprised at how fast the country’s economy changed from a supposed crisis and failure before GE14 to a stable and strong economy.

All in just over two weeks?

Ah Jib Gor over the weekend

He was responding to

Finance Minister Lim had said yesterday that Malaysia’s economic fundamentals were still intact, and that the new government would strive to make the country’s fiscal position more sustainable.

https://www.malaymail.com/s/1635311/najib-says-surprised-how-pakatan-restored-economy-in-just-over-two-weeks

Well his Malay boss (after reading Ah Jib Gor’s jibe?) said on Monday

Malaysia is scrapping the multi-billion-dollar Kuala Lumpur-Singapore High-Speed Rail project as part of drastic cuts to government spending and investment that are required for the country to “avoid being declared bankrupt”, Prime Minister Mahathir Mohamad said on Monday (May 28).

“One of the most important priorities of course is the financial situation of the country,” he told the Financial Times.

What do u think? Is Tun or Lim right? Or neither and that the truth is somewhere in between.

As it is, another DAP Cina minister sided with Tun:

Why we cancelled the [HSR] project is because of affordability,” he added. “The priority of the government is to pay our debts and the ability to repay our debts, that is our main priority, that’s why some of these projects must be shelved.

Meanwhile as foreign investors continue selling M’sian shares, M’sia Inc entities like the EPF and Tabung Haji are buying.

Related post: Poor Najib, not believed when telling the truth

 

 

 

 

Advertisements

Memo to anti-PAP cybernuts: Tun is not God

In Malaysia on 31/05/2018 at 4:15 am

Further to Anti-PAP S’poreans sucking up to Tun where I reported that anti-PAP cybernuts were upset that our PM had not told Tun M that M’sia need not pay anything to cancel HSR deal

When asked if Dr Mahathir’s decision was final, Transport Minister Anthony Loke said the Malaysia Cabinet had not yet discussed the issue, but would do so at their weekly meeting on Wednesday.

Read more at https://www.channelnewsasia.com/news/asia/malaysia-pm-mahathir-says-will-inform-singapore-of-intent-to-10286868

Now Tun says

Speaking to reporters after a weekly Cabinet meeting, Dr Mahathir announced that his Cabinet has agreed to cancel the HSR project.

But this will be subject to discussions with the Singapore government because it involves “high financial implications”, he added.

When asked if he would reconsider should Singapore request for the project’s continuation, Dr Mahathir replied: “We will listen to them. They are our good partners.”

So nothing is “final”. Don’t believe me?

Malaysia’s new Transport Minister Anthony Loke said as much when he told Channel Newsasia that the project is “subject to review” if the country is in a better fiscal position later on. “Why we cancelled the project is because of affordability,” he added. “The priority of the government is to pay our debts and the ability to repay our debts, that is our main priority, that’s why some of these projects must be shelved.”

Today

And btw, still no letter:

the Singapore Land Authority repeated the Ministry of Transport’s earlier media statement that the Government is waiting for official confirmation from its Malaysian counterparts.

Hopefully our cybernuts will stop behaving as though he is God.

Anti-PAP S’poreans sucking up to Tun

In Infrastructure, Malaysia on 30/05/2018 at 11:04 am

From my coffee shop chat group: I feel the silence on d part of our govt on d cancellation HSR proj is shocking in diplomatic terms. We shld imm announce that we will forgive d penalty other than for what we had spent.!!! LHL fave strategy is always to keep quiet on any crisis. This is leadership.

FB post by anti-PAP FB warrior yesterday

I’m sure if Dr M asked this group to suck his XXXX, this bunch of anti-PAP Facebook warriors would happily do so. They’d even offer their asses to Anwar while pleasuring Tun with their mouths,if Anwar asked.

Think I’m being too harsh?

The above was posted on Vesak Day (public hoiday in both countries) and came after media reports overnight that

— Tun said that he had cancelled the agreement on Monday,

— and S’pore said that it had not received official confirmation of the cancellation.

Had the letter the agreement cancelling even been sent, let alone drafted? Why must do everything to saka Tun? Thinking about it, since Tun has said that S’pore has yet to be told, looks like these guys will suck Tun’s XXXX while allowing anwar to bugger them even before they ask him for these actions.

Is there really na vneed to saka him? We survived his last premiership (22 years) in pretty good shape, while he now admits M’sia is now in a mess because of the actions of his handpicled successor.

As I said before I know very well the KL that Tun and Anwar were in charge of: I thrived in that environment. Their actions and inactions came to roost and haunt them personally and other M’sians after Najib became PM.Yet our anti-PAP types praise them as antidotes to the PAP.

By all remains praise the DAP* and the moderate Muslims that left PAS to form the National Trust Party (Amanah;Malay: Parti Amanah Negara), but be real about Tun and Anwar. They won a famous victory but it was a victory that owed a lot to the DAP and Amanah.

===============

*Though anti-PAP types won’t because Lim Guan Eng and his pa came to S’pore to “brief” our Harry when the DAP won Penang. More like “kowtow” joked an UMNO insider when I told him what Lim Jnr told a seminar at ISEAS in 2008 after meeting Harry.

 

The real-life Wakanda City

In Uncategorized on 30/05/2018 at 4:32 am

In the Black Panther Wakandia City is a high tech city in darkest Africa. There’s one really coming up.

completion of a $5bn (£3bn) technology city called Konza City, which is part of Kenya’s ambitious development plan known as Vision 2030.

The technology hub will sit on 5,000 acres of land and aims to be the centre of innovation which will attract top technology companies to set up shop.

If Konza City turns out as planned, Kenya will really live up to its title of the “Silicon Savannah”.

BBC report

Whatever, it’ll be a lot better than Cyberjaya. Remember Tun M’s mega project?

Looks like PAP right about cyberspace “noise”

In Uncategorized on 29/05/2018 at 11:23 am

And I’m right about

Maybe they really don’t oppose the PAP? They juz make some noise, hoping the PAP will throw them some goodies? Bit like my dogs barking or whining to get my attention.

Why Reformasi won’t happen here

Terry (of Terry’s Online Channel ) wrote on FB

Seriously, why do people go write articles in their own name and then years later ask to remove the articles because they have changed their stance?

If you want to express yourself without fear, use a pen name or something.

You use your real name because you want to be identified for the write-up, so it makes no sense to be given the right to remove your name years after, just because you think that write up is unsafe or inappropriate.

Take down is ok if the publication misused the write-up or misrepresented what was expressed.

But not simply because you regretted writing the post in your name.

Juz “noise” for the sake of noise or “They juz make some noise, hoping the PAP will throw them some goodies? Bit like my dogs barking or whining to get my attention.”? Or juz nutty?

What do you think?

Coming here: “the first international hair style competition”

In Uncategorized on 29/05/2018 at 4:14 am

When Trump first called off the summit (Looks like it’s on again), one of the most popular Sina Weibo comments, receiving over 2,000 likes is from a user saying they are “gutted” that “the first international hair style competition has been cancelled in Singapore!” (BBC)

It took 5 policeman to arrest a child in his school?

In Public Administration on 28/05/2018 at 10:54 am

This brought back unhappy, angry memories

How many police officers does it take to arrest someone? This was a question asked when two videos of a group of people fighting last year resurfaced last month and went viral.

In them, around six police officers could be seen trying to defuse the situation, prompting netizens to question why so many were needed, and why they could not just use a taser and be done with it.

Amid such comments, the police invited some reporters to the Home Team Academy last week for a half-day boot camp to experience firsthand the challenges and decisions officers faced in such situations.

https://www.todayonline.com/singapore/arresting-someone-not-easy-it-seems

The above puff piece from the constructive, nation-building media over the weekend reminded me about Benjamin Lim’s arrest and suicide in 2016. This FB comment says it all:

Shan said a lot but answered none of the most obvious and vexatious questions. The procedures/protocol he took pains to spell out told us nothing about what took place. He made it sound like a routine walk in the park by the policemen. The fact that they thought fit to send FIVE grown up policemen to ‘fetch’ a 14-year old from school revealed a lot about the mentality of the police. DON’T FORGET THAT BY THEN THEY HAVE ALREADY VIEWED THE HDB CCTV CLIPS AND KNEW EXACTLY WHAT TO EXPECT AND HOW BENJAMIN LIM LOOKED LIKE. SO ANY SUGGESTION THAT THE POLICE HAS TO ‘INVADE’ THE SCHOOL IN FORCE IN CASE OF AN AGGRESSIVE BENJAMIN WILL BE PURE BS. Even from the pictures on social media we can see how average and geeky the student looked like. It is not as if Benjamin Lim had a punk hairstyle (i.e. bald headed) and had tattoo on his arm and legs!!!

Minister Shan tried to play down the ‘number’ game when he said only one policeman had accompanied Benjamin to the AMK police station. I am unconvinced and would rebut this by pointing out that at least three of them could had easily left earlier in one of the two unmarked police cars that they drove to the school in without waiting for the officer questioning Benjamin in the principal office. Why were they idling in the school’s premises, unless they were there to pre-empt the student from making a possible run for it! This says quite a lot about the kiasuness of the police or perhaps it exposed their lack of confidence or competence. God knows what sort of internal police guidelines they have to comply with which perhaps could have been issued after a couple of past cases where adult prisoners had escaped from custody! This raises questions about the competency of at least some of our policemen or their (kiasu) superiors.

The silence of Sham

What TOC didn’t tell us why Harry met Najib’s wife

In Malaysia on 27/05/2018 at 11:11 am

 

https://www.theonlinecitizen.com/2018/05/24/lee-kuan-yew-specifically-asked-to-meet-rosmah-after-najib-became-pm/

What TOC left out that FLOM (as she was nick-named by M’sians: It stood for First Lady of M’sia, her adopted “title” after she met Mrs Obama when Obama was president. (Explanation:The US secret service code name for any US first lady is “FLOTUS”  ) was well-known* for wearing the pants in her marriage to Najib: he did what she asked him to do.

There were stories* that Dr M would jokingly ask him in cabinet meetings who his wife wanted defence contracts to be awarded to. It was well-known that she lobbied for certain arms manufacturers and that she would call defence officials to ask “Why taking so long?”

So our Harry was smart enough to know that she was the person to talk to make sure that relations improved post Dr M’s reign. Three cheers for our Harry.

————————–

*From the mid eighties until late 90s, I was what today would be called a M’sian equities specialist: I flogged, arbitraded M’sian shares for a living.

 

Poor Najib, not believed when telling the truth

In Malaysia on 27/05/2018 at 5:22 am

But first Great comedy rootine, (even better than M’sia: Two doctors’ routine) featuring Tun M and Najib.

Ah Jib Gor said the victorious Alliance of Hope had falsely promised voters “the moon and the stars”.

“It’s like playing football. We played clean; the others fouled. And they won,” he said.

He was countering Tun M’s

Malaysia’s debt has reached an alarming RM1 trillion (S$337 billion), said Malaysian Prime Minister Tun Dr Mahathir Mohamad on Monday (May 21), as he pledged to restore the nation to its former glory.

Blaming the previous government led by former protégé Datuk Seri Najib Razak who now faces domestic graft investigations, Dr Mahathir said important measures must be taken for the South-east Asian country to quickly recover from the situation, pointing out Malaysia had debts of about RM300 billion only when he was previously prime minister for 22 years.

“We find that the country’s finances for example, was abused in a way that now we are facing trouble settling debts that have risen to a trillion ringgit. We have never had to deal with this before. Before we never faced debts higher than RM300 billion, but now it has climbed to RM1 trillion” he said in his maiden address to civil servants of the Prime Minister’s Department.

Dr Mahathir, 92, was Malaysia’s prime minister from 1981 and 2003.

https://www.todayonline.com/world/malaysias-debt-alarming-level-1-trillion-ringgit-says-mahathir

Can’t stop laughing at Tun M implication that he was so prudent. Badawi, Tun M’s chosen successor, came out to say after Tun M, replaced him with Najib, that when he (Badawi) became PM, there was no money to spend on Tun M’s plans. And that Tun turned against him because he couldn’t and wouldn’t fund Tun’s projects.

Anyway Najib’s FB’s more detailed response is juz as brazen and funny (but truthful in parts).

Political narrative or facts?

1. Words said and allegations made while in the opposition carries a very different weight now that you are in power and holding the positions of the Finance Minister or the Prime Minister.

2. Coming out to say that our country’s government debt to GDP is now 65%, which is a big jump from the official 50.9% figure and saying that our debt is now RM1 trillion without giving any details of what you mean will just unsettle the financial markets, alarm the credit rating agencies and investors confidence in our institutions such as our Bank Negara Malaysia.

3. There must be a clear distinction between political narrative and facts. Mixing them will create doubts on the credibility of our numbers and the professionalism of the institutions that were involved in preparing them, governed by Malaysians laws and international standards.

4. As a result of these alarming and confusing statements, our Bursa Malaysia index fell the most among all worldwide stock markets resulting in tens of billions of ringgit in market value wiped out in one day. Our Bursa index fell 40.78 points today or 2.21% while the Indonesian stock index added 0.71%.

5. The business news-portal The EdgeMarkets said this sharp fall in our share market was contributed by concern on our public debt.

Surely this fall would affect our funds such as EPF and PNB and could lower the dividend rates for its members for the year.

6. Similarly, issuing statements that we should not worry about our country’s sovereign credit ratings being downgraded will result in further rocking the confidence in our institutions.

7. A downgrade will result in higher debt financing costs of RM10 billion per year to our country and may result in our banks who had borrowed from the international markets to sustain losses. It may also result in large capital outflows from foreign investors and cause our Ringgit to weaken.

8. While you may want to slander and put all the blame on me to give a perception of a dire financial position to justify why you cannot deliver on your manifesto promises and to massively cut the civil service, you must remember that the country and our people comes first.

9. You can also issue misleading statements on 1MDB or tell half the story about it to blame me but the time to play politics is over.

10. Words spoken while in such positions of power result in actual losses to the country and the people, as was proven today in the stock market. It is no longer just about votes anymore.

I won’t go into the technical details of why Najib is right to KPKB that the new debt level of M$1 trillion isa “fake”: it’s bad accounting, not in line with IMF guidelines (But then we too don’t follow IMF guidelines.)

And it’s a fact that that foreigners have been spooked. They’ve been net sellers of M’sian equities since the election.

But then was Pinocchio believed when he finally told the truth?

 

 

M’sia: See who is now KPKBing

In Malaysia on 26/05/2018 at 1:44 pm

Before the General election, Election reform group Bersih 2.0 (M’sian activists opposed to BN) accused the Election Commission of electoral fraud citing

10 “serious crimes”, including alleged failure to remove dead people from the electoral roll, irregularities in postal voting, a failure to take action against corruption allegations and allowing the bare minimum time between parliament being dissolved and voting taking place.

But when their side won, there was silence.

But Najib said over the last weekend,

It’s like playing football. We played clean; the others fouled. And they won.

And that the victorious Alliance of Hope had falsely promised voters “the moon and the stars”.

 

 

One for the Donald

In Energy on 26/05/2018 at 4:38 am

Oil fell last night to around US$76 when it was announced that Opec and Russia are set to boost oil output after Trump pressure.

Opec’s secretary-general Mohammed Barkindo said Mr Trump’s tweet last month had prompted the cartel to respond as “we pride ourselves as friends of the US”.

Our Southern Indians are world class

In Uncategorized on 25/05/2018 at 10:59 am

This M’sia: Must be kilang reminded me that one source of tension locally is that FT Indians who call themselves “Aryans” (Shades of Hitler’s master race) look down on the local Indians from the South who are darker skinned. The Aryans subscribe to a now discredited version of history that the Aryans (who claim ang mohs descended from them) invaded India kicking South the darker skin abos.

In an FT report, sometime back, FT said that the Trump administration is considering Randy Quarles, the Fed’s vice chairman for supervision, as the next head of the Financial Stability Board, but it mentioned that Ravi Menon was a possible candidate from East Asia.

The new head’s job is to refrain from making new regulations and instead evaluate whether its post-crisis reforms are having any unintended consequences

A local Tamil has held a high-profile post in int’l finance before.

In April 2017, Tharman was appointed to chair a G20 Eminent Persons Group on Global Financial Governance, which was set up to review the system of multilateral financial institutions. He also succeeded Jean-Claude Trichet as Chairman of the Group of Thirty, an independent global council of leading economic and financial policy-makers from January 1, 2017.

Tharman had previously been appointed by his international peers as Chairman of the International Monetary and Financial Committee (IMFC), the key policy forum of the IMF, for an extended period of four years from 2011; he was its first Asian chair. In announcing Tharman’s selection, the IMF said that his “broad experience, deep knowledge of economic and financial issues, and active engagement with global policy makers will be highly valuable to the IMFC”

But our Chinese tua kee types should not be too upset because Jacqueline Loh, deputy managing director of our  central bank chairs the BIS’s markets committee. On digital currencies, Ms Loh, who has presided over experiments that offered digital currencies to wholesale market participants in her role as DMD of the central bank, acknowledged that any decision would ultimately have to be made at state level.

 

M’sia: Must be kilang

In Malaysia on 25/05/2018 at 6:31 am

M’sia’s Chinese finance minister* on 1MDB’s CEO

It is completely unbelievable that a highly paid and ‘experienced’ investment banker can be so irresponsibly clueless as to not know whether 9.8 billion ringgit worth of investments are even real.

I have found Arul Kanda to be utterly dishonest and untrustworthy.

Can’t blame for being so derogatory because Kanda had said everything was now OK at 1MDB during the election campaign. Turns out that that even the board of directors thought 1MDB was effectively insolvent, and it was unable to service its billions of debt and interest payments on its own. Even Arul says that that is true. So he implies that he was lying that all was well.

But he still is thinking of suing for defamation. Lim says: “Make my day, punk”.

But not all Indians like that. We got world class Tamils. Post coming up.


He and his pa so respect our Harry that when he came became Penang’s chief minister, they came down to “brief” him. When I told an UMNO insider he said “He means kow tow” with a laugh.

The real reason why Reformasi won’t happen here

In Malaysia, Political governance on 24/05/2018 at 11:04 am

In Why Reformasi won’t happen here, I had a dig at the cheapskates who wanted Reformasi on the cheap.

Here’s the real reason (articulated by a member of a FB group I belong to): S’poreans have not suffered enough (Something Chris K has said on FB) because things ain’t that bad her (Chris never pointed this out, but then he’s likely to go the way of other PAP critics, unless they are as cynical as me or “abc”. PAP critics usually end up as anti-PAP: Terry once told me . But don’t blame them because this is fault of PAP: Either you are with us or against us because what is good for the PAP is good for S’pore.)

Sorry back to the posts by a fellow member of a FB group.

If the ministers go in the way of Malaysia or Cambodia, let it happen naturally. If anyone is actually hoping for that to happen just so that they can see something happen, be careful what you wish for. Citizens of these countries are not having it easy, you know.

He then later went on

Having dialogued with DAP politicians over several years, I feel they looked at their political situation with grief, despondence, and exasperation. That was why my friend Liew Chin Tong went for the tough one at Ayer Hitam, because he didn’t want to be around to see what happens if BN wins another term. He’s tired. Now that they are part of the powers that be, it feels surreal and a relief. (For Liew, he’s re-energized though he was one of the only 2 DAP candidates who lost.)

I believe with the many people who are against PAP and/or support the opposition have anger and upsetness against the PAPG. When the PAP lost Aljunied, what they felt was jubilation.

So the 2 sets of emotions are different. The former are felt by citizens in a more desperate situation, waking up everyday to another new day of worry. Do we feel that here in Singapore?

I’d add that things are so good here that in last GE, 70% of the voters voted for PAP and continued to give two-thirds of parly seats. PAP nearly won  a GLC that would have reduced oppo elected MP to one. Fortunately the Wankers’ Party retained Aljunied, barely.

The BN lost its two-thirds majority in parly in 2008 and had less than 50% of the votes in the GE 2013.

(Updated at 11.35am: The last two paras were carelessly left out in initially published piece. Sorry.)

 

 

 

 

 

 

 

With enemy like this, UMNO will soon be back in power

In Malaysia on 24/05/2018 at 6:44 am

Lim Guan Eng must be cleared of any corruption charges before becoming the Finance Minister, said the Centre to Combat Corruption and Cronyism (C4).

“The C4 Centre is troubled that Lim has been appointed as Finance Minister despite earlier statements by Prime Minister Tun Dr Mahathir Mohamad that he can only be appointed if he has been cleared of his corruption charge,” its executive director Cynthia Gabriel said in a statement on Tuesday (May 22).
Read more at https://www.thestar.com.my/news/nation/2018/05/22/guan-eng-must-be-cleared-of-corruption-charges-before-becoming-finance-minister-says-c4/#lU5s2e4jcAiEGT5g.99

WTF.

When UMNO was in power, this NGO like many other NGOs were KPKBing that the charges against him were “fake” and “political”. So the least it could do now is to sit down and shut up until the court makes a decision (expected in late June I think).

I think this NGO (and a lot more) must prioritise what it wants. The new govt has prioritised growing and reforming the economy (Oil at US$80 is very helpful though abolishing GST is not), helping for the poor (abolishing GST has the poor cheering) and exposing the truth about 1MDB. Sounds about right.

Other things can wait, and rightly so. This what Maria Chin Abdullah a warrior who has been arrested, put in solitary confinement etc says

For 61 years, it was only criticism but now we have to implement what we say. It’s a tall order as the new coalition is not all homogeneous. Ironing out our differences and the principles of our new democracy will take some years.

It’s going to be hard work, and NGOs and others must focus on the big picture, not the details, especially irrelevant wants.

My beef against Terry’s OnLine Channel

In Malaysia on 23/05/2018 at 10:46 am

Sadly I have to agree with u/m FB PAP IB rant that

— TOC is failing to “to separate Singapore’s national interests and standing from their usual Prime Minister-bashing rhetoric.”; and 

— “The shallowness of some of TOC’s arguments on how bad the PAP and their blatant disregard to facts or context is worrisome*.”

Sad.

To be fair to Terry, the failure to differentiate between national interests and whacking the PAP is a trait that most critics of the PAP fall into into the long run (Yes I’m thinking about the danger of Chris K becoming one of these “PAP is always wrong” sheep.). But they can’t be blamed for this because the PAP and the constructive, nation-building media are always saying or implying “What is good for the PAP is good for S’pore”. 

back to the IBer

Mun Loon

TOC has lost the plot. It’s role, as it seemingly wants recognition for, is for the interest of Singaporeans, to hold the government in its checks and balances.

however, in more recent days, TOC has appeared more delusional.

It had always maintained that Singapore was bigger than the ruling party, but (TOC) is unable to separate Singapore’s national interests and standing from their usual Prime Minister-bashing rhetoric.

The shallowness of some of TOC’s arguments on how bad the PAP and their blatant disregard to facts or context is worrisome.

There is a role for media outlets online like Malaysiakini; and to equate TOC with Malaysiakini is an undeserved compliment to the prior or an insult to latter.

Your rhetoric is getting tiresome.


*TOC’s coverage on regime change in KL and its implications for S’pore is particularly bad. For starters, there’s the glossing over of Tun’s and Anwar’s roles in bringing M’sia to where it was before regime change. They messed up:

— M’sia: Don’t anyhow blame Najib

— M’sia: Two doctors’ routine

Then, does TOC really want people like these two running S’pore?

— Breaking election promises or trying to: Waz this call for a leader like Tun M here?

—  Read carefully what he says beyond the soundbite: Anwar: Beyond the sound bite of “Malaysia to scrap race policies”

Finally internal rowing is happening already:

— Bayee minister gives Tun M the finger

(More on another row soon)

 

Bayee minister gives Tun M the finger

In Malaysia on 23/05/2018 at 4:44 am

Malaysia’s controversial Anti-Fake News Act will be repealed, the country’s new Communications and Multimedia Minister Gobind Singh Deo* said on Monday (May 21).
Read more athttps://www.channelnewsasia.com/news/asia/malaysia-anti-fake-news-act-will-be-repealed-gobind-singh-10255272

But earlier Tun M had said the law would be reviewed and tweaked not repealed, breaking an election pledge: Waz this call for a leader like Tun M here?

Off with his turban.

Or is M’sian cabinet as dysfunctional as Trump’s? LOL


*First ever Sikh minister in M’sia’s history. He’s a son of Karpal Singh (deceased), the famous DAP politician. Like pa was, he’s a DAP tua kee. Had to be leader from DAP to give Tun M the finger. DAP was LKY’s trojan horse, but it has since evolved to be a an ethnic Chinese social democratic political party, with some Indians thrown in. When DAP won power in Penang (2008) Lim Kit Siang and son, Lim Guan Eng, (It’s really all in the family in the DAP) came to “brief” our Harry. More like “kow tow” said UMNO insiders when I told them what Lim Guan Eng had said in a seminar here.

Why Reformasi won’t happen here

In Political governance on 22/05/2018 at 9:49 am

TOC, TRE and all the usual places where cybernuts congregate are full of comments that change is coming here. like it did in M’sia, and the PAP is doomed.

Taz a lot of “noise” and hot air because most of the 30% that die die must vote for any donkey or clown so long as said clown or donkey is anti-PAP are a bunch of wanking cheapskates.

Terry’s Online Service reported on FB yesterday that

In 2014, there were already 16,039 subscribers at a monthly subscription rate of RM$40( SGD$15.4) [Terry was talking about M’siakini]. In comparison, TOC has 64 subscribers at a monthly subscription rate of $3 and a few at $10.

S$264,000 a month in 2014 versus less than S$640.

And

By 2013, Malaysiakini was already earning an annual income of close to 1.5 million ringgits (SGD$577k). While – as reported to IRAS for TOC’s revenue in 2017 – we received around SGD$29,600 in advertising and donation.

TOC’s numbers were in response to

A reader, Dylan Tan wrote in response to the report on Anwar’s thanks to Malaysiakini of its role in Malaysia, “that works if the Alternative news in SIN can be as quality as Mal(aysia)”

Terry retorted

We agree that our quality of reporting and coverage is not even close to that of Malaysiakini, but that can be said the same of our operating expenses.

And cited the numbers given above and repeated below

— Subscriptions: S$264,000 a month in 2014 versus less than S$640 a month.

— Total annual income of S$577,000 in 2013 versus S$29,600 in advertising and donation for 2017. TOC’s subs are “peanuts”.

With enemies like the free-loading fans of TOC and TRE, the PAP doesn’t need friends. And will rule forever and a day.

Jokes’ aside. Maybe they really don’t oppose the PAP? They juz make some noise, hoping the PAP will throw them some goodies? Bit like my dogs barking or whining to get my attention.

Or worse, maybe tha fans are part of PAP’s IB. They aim to deceive Terry and TeamTRE and other suckers that there are people out there listening to them.

Why we’ll be servants of the Peenoys

In Currencies, Economy on 22/05/2018 at 4:37 am

Yesterday, I showed u/m chart which showed that M$ a lot stronger than our S$ despite attempts by our constructive, nation-building media to show that the economy in KL was collapasing after regime change.

Well it also shows that the Peenoy peso is like S$ when Harry was leader: tua kee. S$ is the new old Peenoy peso?

 

Anwar: Beyond the sound bite of “Malaysia to scrap race policies”

In Malaysia on 21/05/2018 at 11:14 am

Behind the soundbite “Malaysia to scrap race policies”, this is what Anwar is saying publicly:

“I have said that the NEP should be dismantled but the affirmative action must be more effective. I believe that poor underprivileged Malays will benefit more through a transparent, effective affirmative action policy rather than the New Economic Policy which has been hijacked to enrich the few cronies,” said Anwar, a Malay.

https://apnews.com/fd0ca6e7b6b44219a566aae972e72192

And

He also assured Malays and bumiputeras that their rights under the new government would not be sidelined, while stressing to all not to be taken with the false propaganda about the Democratic Alliance Party, which is also part of PH.

“Felda and Universiti Teknologi Mara will not be threatened but kangkung professors can’t (be accepted),” Dr Anwar said.

(Our constructive, nation-building media)

And

When pressed on whether he would repeal the affirmative-action rules once he becomes premier, Mr Anwar said he would “honour the guarantees” for ethnic Malays as set out in the constitution. He added that other races would also receive state support based on merit and need.

“We would, of course, protect the position of the Malaysian Bumiputeras in terms of giving opportunities, but not enriching them to become billionaires,” he said at his residence in Kuala Lumpur shortly after being released from prison on a sodomy charge he said was politically motivated.

Bloomberg via https://www.todayonline.com/world/anwar-reassures-malays-who-fear-they-may-lose-racial-advantage

(Note this Bloomberg extract was added at 12 pm on day of publication)

Btw, this is the first of a few short pieces on the reality behind his words. Because words are an important part of his armoury, ignore the sound bites but listen carefully to the details.

Btw2, I think it’s great that he and Tun M have teamed up again. I was in the 80s and 90s, what today would be called a M’sian equities specialist.After they won, I caught myself singing this http://www.bbc.com/news/business-43959687.

 

 

 

 

 

 

 

Vis-a-vis US$: S$ falls more than M$

In Currencies, Economy, Malaysia on 21/05/2018 at 5:15 am

Juz asking if our constructive, nation-building told u that?

I mean the narrative the ST etc is spinning is that changes in M’sia is upsetting investors.

Waz this call for a leader like Tun M here?

In Malaysia, Political governance, Public Administration on 20/05/2018 at 10:54 am

Cyberspace is full of unfavourable comparisons between our leaders and Tun M.

Do our anti-PAP activists and cybernuts really want a leader that is quick to break election promises?

Tun broke one pledge,

PH previously pledged to repeal a host of laws that it said were oppressive, such as the Anti-Fake News Act, the Printing Presses and Publications Act, and Sedition Act.

Malay Mail

He is now saying the Anti-Fake News Act will be reviewd and tweaked, not repealed: Why M’sia needs a Fake News Law but S’pore doesn’t

And is all over the place on another pledge

New Malaysian Prime Minister Dr Mahathir Mohamad will no longer take on the education ministry portfolio, after members of the public pointed out that his coalition’s manifesto had pledged that there would be no double portfolios for the premier.

“I cannot break (the manifesto pledge) at the moment,” he said in a video posted on his party’s Facebook page on Friday (May 18).

“Unless of course there is a demand that I take up the education portfolio.”

Read more at https://www.channelnewsasia.com/news/asia/malaysian-pm-mahathir-drops-education-portfolio-to-honour-10247712

(Whatever, I’m happy about his interest in education and hopes he becames education minister, though the new minister is also a reformer: http://says.com/my/news/who-is-dr-maszlee-malik-our-new-education-minister. An education project, where I tot up the seed idea and did a lot of the initial leg work, had the blessing of Badawi when he was PM. The project was premised on a good Mahathir-era policy. Najib changed the policy and a Malaysian lost money. Let’s see if it can be revived.)

Coming back to our anti-PAP types: have they forgotten how upset they got over the so-called failure of the PAP govt to live up to its promise of no GST increase until 2021? Why the PM doesn’t need friends


How not to handle fake news

Though the PAP administration was dumb in the way it handled reaction to the fake news that the Mad Dog and his fellow cybernuts were propogating: GST: Even economists tot GST could go up.

The PAP administration was too clever by half and the result in PR terms was a score draw: and mud in the eye for the PAP in a de-facto one party state.

—————————————————–

And they now want an “effective” leader who breaks his promises when he gets into power? Btw, I predict that like the Anti-Fake News Act, the Printing Presses and Publications Act, and Sedition Act will only be tweaked, not repealed.

With enemies of the PAP like these, 60-70% of the voters will allow the PAP to rule forever and a day.

It’s not echo chamber effect of social media

In Internet on 20/05/2018 at 4:48 am

It’s all about “A little knowledge is a dangerous thing”.

Contrary to popular belief, we now hear more diverse voices than ever before – studies suggest that most people do not live in Facebook or Twitter echo chambers and ‘filter bubbles’. So why is global politics still so divided?

http://www.bbc.com/future/story/20180416-the-myth-of-the-online-echo-chamber

People become more divided because we are dismissive of contrary evidence that challenges our beliefs

“motivated reasoning”. Countless studies have shown that we are so attached to our political identities that we will devote extra cognitive resources to dismissing any evidence that disagrees with our initial point of view, so that we end up even more sure of our convictions.

Or because a little knowledge is dangerous

But an alternative possible explanation comes from the psychology of ‘self-licensing’ – the unconscious belief that once we have shown our open-mindedness in one situation, we have somehow earned the credentials to be more prejudiced later on. One study from 2008 found that people who had supported Barack Obama were subsequently more likely to express a potentially racist view, for instance. By reading a few dissenting voices on Facebook or Twitter, we may feel that we have already gained the right to be more dogmatic about our existing opinions. Anecdotally, at least, this seems to have been the case for a few of my own acquaintances following the UK’s referendum on Europe in 2016.

 

M’sia: Two doctors’ routine

In Malaysia on 19/05/2018 at 11:35 am

Dr M

My instruction is very clear. I am not going to torture people . . . I want people to be treated decently.

Err Najib shouldn’t be reassured. Remember that Anwar was nor tortued  20 yrs ago when he was arrested. But the Inspector-General Police assaulted him causing him serious injuries. To be fair to Tun and IGP, Anwar provoked him bycaqlling insulting, haram names..

Now this should scare progressives in M’sia: Dr Anwar said that among the world leaders he planned to meet was Turkish president Recep Tayyip Edrogan.

Well the progressives in the US,Europe and Turkey dislike him for making himself de-facto dictator in Turkey and clamping down on human rights, freedom of the press etc.

He also believes that the way to fight inflation is to cut interest rates, something he just told investors in London. The Tutkish lira kept on falling.

Anwar could recommend Tun M try this in KL.

.

Best analysis of Trump

In Uncategorized on 19/05/2018 at 7:16 am

This appeared in the comments section of an FT article on Trump

Mouldover

The whole theatre of this presidency concentrates on promoting an image of a colossus commanding every aspect of society and government where the other branches of government are ineffectual and withering away. It is completely compatible with the roles of other totalitarian leaders such as President Xi and Putin. Probably President Trump changed his stance on ZTE purely to show that he also is not constrained by any rules just like President Xi. Thus the US is having the opportunity to see what command government can be like. It will be interesting to see what percentage of his support base supports this. He is surely shaking up Washington, and draining the swamp. However he didn’t say that he would not replace it with his own swamp and denizens. Hopefully the US military will not be bought by unlimited expenditure on their coveted weapons, however he is doing his best to get allies in law and order and the military fields. Hopefully he will not start a war to strengthen these relationships though that is the usual path taken by similar dictators as it polarises the country into believers and non believers as happened in the Iraq war. His actions in the Middle East are surely inflaming everything, and Israel might seize the opportunity to greatlly increase its power in the region and expand militarily. Thus this might be a prelude to more instability and gambling on his part, with extremely dangerous consequences, possibly with a view to influencing the coming election in November.

Coldstore: FT minister thinks Pa rightly detained

In Uncategorized on 18/05/2018 at 10:56 am

At least that’s the reasonable conclusion one can draw from his remarks to ST.

In an interview with ST (‘Facts, falsehoods, feedback – Janil has firm grasp of them all’, 7 May), the new Senior Minister of State for Communications and Information Janil Puthucheary said

he believes there were national security reasons for the Coldstore arrests and detentions.

“I think that is a reasonable conclusion to come to, that there were indeed national security considerations,” he said.

So, Puthucheary agrees that there were good grounds for interning his father and uncle without trial, since his father and uncle (and others) were considered to be “dangerous communists” ready to overthrow the government through violence.

All this reminds me of what Jesus told Peter

I tell thee, Peter, the cock shall not crow this day, before that thou shalt thrice deny that thou knowest me.

When the ST reporter asked him about his father’s case, talked using both sides of his mouth, he said “I am quite comfortable talking about it but I don’t see that it is in any way relevant.”

He’ll be a full cabinet minister soon.

For what is a man profited, if he shall gain the whole world, and lose his own soul? or what shall a man give in exchange for his soul?

Btw, looks I was wrong when I wrote this: FT jnr minister disagrees that “Pa” was a justly detained commie?

 

How to outnegotiate Trump

In Uncategorized on 18/05/2018 at 4:28 am

Seems the author of The Art of the Deal has been doing the wrong things: he breaks all but three of the tips of good negotiation listed below. But then he regained billionaire status after losing it: that in my book makes him a winner.

Whatever from FT

Top tips for good negotiation

Learn to empathise and put yourself in someone else’s shoes
Thorough preparation is essential. Make sure you do the necessary research on those parties with which you will be negotiating
Do not get too caught up in internal negotiations — negotiating among yourselves rather than with the party across the table
Learn to read your opponent
Communicate effectively. Never lie or exaggerate
Be patient and learn to listen
If both parties reach an impasse, bring other issues to the table
Learn to deal with difficult situations without being aggressive
Conduct a fair and respectful process
Know your bottom line and what your alternative is if your bottom line cannot be met

Trump’s tips (based on his tweets)

Learn to empathise and put yourself in someone else’s shoes
Thorough preparation is essential. Make sure you do the necessary research on those parties with which you will be negotiating
Do not get too caught up in internal negotiations — negotiating among yourselves rather than with the party across the table
Learn to read your opponent
Communicate effectively. Never lie or exaggerate
Be patient and learn to listen
If both parties reach an impasse, bring other issues to the table
Learn to deal with difficult situations without being aggressive
Conduct a fair and respectful process
Know your bottom line and what your alternative is if your bottom line cannot be met

Why M’sia needs a Fake News Law but S’pore doesn’t

In Malaysia on 17/05/2018 at 11:00 am

When the law was first mooted in KL

The law was met with horror from activists and journalists, who say that the bill will simply be another way for the government to crack down on dissent and suppress embarrassing stories. Amnesty International said it was a “blatant attempt to shield the government from peaceful criticism”. Lawyers For Liberty, a local free speech NGO which is representing Syarul Ema, called it “the death knell for freedom of speech”.

http://www.wired.co.uk/article/election-malaysia-2018-general-fake-news-day-2008-syarul-ema

Well Tun M was being investigated under that law when he was oppo leader. But the Sith Lord turned Jedi Grand Master, when he became PM said the law will be reviewed and tweaked not revoked.

Here’s why there’s a need in M’sia for such a law

Just in the last 12 months, the police have had to debunk rumours that Chinese government patrol cars were operating in Malaysia; shoppers have boycotted shoe company Bata Primavera after a false report that it was stocking shoes with ‘Allah’ written on the soles; and the owner of the local McDonald’s franchise has filed police reports against social media users wrongly claiming the company was funding Israel’s actions against Palestine.

http://www.wired.co.uk/article/election-malaysia-2018-general-fake-news-day-2008-syarul-ema

(Related post: Fake news law: Malays not stupid)

As to S’pore, i wrote shumetime back

Our brown-nosing constructive nation-building academics presented at the recent Select Committee hearings on Deliberate Online Falsehoods,

an alarming scenario of disinformation campaigns launched by foreign actors bent on attacking the island state, of cyber armies in neighbouring Malaysia and Singapore working as proxies for other countries in undermining national security.

Did they produce any evidence?

But the actual examples of fake news which have come up during this national debate have mostly been prosaic; a hoax photo showing a collapsed roof at a housing complex, which sent officials rushing unnecessarily to the scene; and an erroneous report of a collision between two trains on the light rail transit line.

As the BBC reporter wrote

Irritating and worrying for some, for a while, but hardly likely to bring Singapore society to its knees. In any case both Singapore and Malaysia already have plenty of laws capable of penalising false, inflammatory or defamatory comment.

http://www.bbc.com/news/world-asia-43637744

Btw, have to tell u that the reporter also said

It also gave Singapore academics and officials an opportunity to snipe at the US belief in free expression, the “marketplace of ideas”, which had allowed the abuse of personal data on Facebook to take place, in contrast to Singapore’s “better safe than sorry” belief in a more tightly regulated society.

Local academics propogate fake news?

Related article: Why I no ak the Select Committee hearings on Deliberate Online Falsehoods

Trump is fan of Rolling Stones song, but they don’t love him

In Uncategorized on 17/05/2018 at 5:10 am

Jagger

Trump’s choice of song to follow his victory speech when he became US president last year, the band’s You Can’t Always Get What You Want.

“It’s a funny song for a play-out song – a drowsy ballad about drugs in Chelsea! It’s kind of weird. He couldn’t be persuaded to use something else.”

http://www.bbc.com/news/entertainment-arts-44112902

Keith Richards got it right about Trump, 30 yrs ago

Keith Richards says he can’t be bothered to get angry any more – but the last time he did was nearly 30 years ago with Donald Trump.

“He [Trump] was the promoter for us in Atlantic City [during 1989’s Steel Wheels Tour],” he told the BBC.

“[It was billed as] ‘Donald Trump presents the Rolling Stones’ [with the band’s name written in miniature].”

“I got out my trusty blade, stuck it in the table and said: ‘You have to get rid of this man!'”

He joked: “Now America has to get rid of him. Don’t say I didn’t warn you!”

M’sia: Don’t anyhow blame Najib

In Malaysia on 16/05/2018 at 11:02 am

Be more nuanced.

Couldn’t stop laughing

But translating the alliance’s manifesto into action — including sweeping political reforms meant to repair checks and balances eroded under Najib.

https://asia.nikkei.com/Politics/Malaysia-election/Mahathir-moves-with-practiced-skill-to-assert-control

What a really dumb remark,”repair checks and balances eroded under Najib”.

I mean Najib was able to do what he did because one Tun M had in his tenure as PM got the Auditor-General and the Chief Justice Lord President removed, cowed the king and sultans, and finally sacked Anwar and was complicit in him being roughed up in custody. Najib was juz following precedents, juz like when the electoral districts were redrawn to BN’s advantage. All Najib’s actions were from Tun’s playbook, including muzzling the voices of dissidents

Btw, Najib was right about Tun’s desire for council of elders.


Tun M

is forming a council of five elders including palm oil tycoon Robert Kuok, former Finance Minister Daim Zainuddin and Zeti Akhtar Aziz, who led Bank Negara Malaysia for 16 years. The people will be tasked with advising the cabinet and probing government personnel.

Bloomberg

———————————–

Najib had said:

“I think he’s obsessed about control, about calling the shots, in fact, when we were quite close together he even suggested establishing a council of elders,” said Mr Najib.

“Of course, you can imagine who’s going to chair the council of elders and a sitting prime minister after every Cabinet, I suppose I would have to march to his office to get his consent.”

“He wanted me to do his bidding,” Mr Najib said.

Bloomberg via https://www.todayonline.com/world/najib-predicts-hell-extend-grip-power-malaysia-election-after-2013-vote-scare-1mdb-mistakes

Najib on Tun M

I’m sure that he’ll make sure that the Council of Eminent Persons he installed will remain beyond the 100 days he says it will last. And that he’ll retire to an institutionalised Council of Elders when Anwar becomes PM.

Then truly A New Hope will be followed by The Empire Strikes Back and not the Return of the Jedi: in the movies.

Coming back to “repair checks and balances eroded under Najib”, here’s a more nuanced remark:

Mr Najib, who tightened the screws on Malaysia’s already authoritarian system

As the FT is now part of the stable of the publisher of the first quote, time for FT to send trainers to teach the Orientals.


On 20th May 2018, amended to reflect that he sacked the Lord President on the CJ. In the M’sian judicial system, the Lord President is the most senior judge.

 

Difference between privacy and secrecy

In Uncategorized on 16/05/2018 at 5:55 am

Here’s some really insight comments by an FT reader on the issue of whether end to end encryption of apps like What Appt is good for society.

RunningCommentary 18: I think this dilemma* illustrates a lack of clear thinking around the difference between privacy and secrecy. Encryption is a tool for secrecy and you might wonder why any law-abiding person would need to operate in secret. Shouldn’t respect for privacy be sufficient? But the answer is in the question. Both the state and big business have for some time regarded privacy as an inconvenience. Quite naturally, people are having to protect their privacy with the technologies of secrecy. Privacy is a form of security: security from intrusion, impersonation, misrepresentation, harassment and nuisance. But its not meant to be a cover for wrongdoing. Given respect for privacy: there will be a threshold for intrusion: for example, what the Americans would call probable cause. And given the potential for error and the importance of maintaining respect for private life, intrusions will be questioning and self-critical. There will be cases where national security and personal security are in conflict but is there any reason to suppose that that is the norm. And we don’t need to assume that privacy protection will thwart the operations of the security services. If you haven’t got probable cause what is the likelihood that your scarce resources are being deployed in an effective manner? What is the likelihood that mass surveillance is the answer when the problem is one of targeted surveillance?

CoolDude: Didn’t the Snowden leak show mass survillence?

@CoolDude Quite so. Modern states ignore privacy because it is inconvenient when it comes to mass surveillance. My point is twofold: (1) that privacy protection is not incompatible with targeted surveillance (2) That anti-terrorism is a ‘looking for a needle in a haystack problem’ and therefore implies targeted surveillance.


*Whether privacy overrides security issues.

 

 

Whatever happened to Brudder Bill, the wannabe saviour of S’pore footie?

In Casinos, Corporate governance, Footie on 15/05/2018 at 11:00 am

The recent news before the M’sian election that seven footie clubs clubs were told to wind down jackpot operations by the end April 2018 reminded me that the national sports governing body Sport Singapore filed a police report against Tiong Bahru FC (TBFC) for suspected misuse of club funds, as well as a purported attempt by a senior club official to obstruct the completing of audits of the S League’s sit-out clubs.

TBFC and Hougang chairman Bill Ng (Brudder Bill aka Billy the Kid), his wife Bonnie Wong, FAS general secretary Winston Lee and former FAS president Zainudin Nordin were subsequently arrested, then released on police bail.

S’poreans were shocked to learn that TBFC was found to have earned $37 million from its clubhouse operations while spending just $169,000 on its football team, which plays in the amateur National Football League. And that TBFC paid rent for its gaming operations at over the market rates to a company linked to Bonnie Wong.

Well Secret Squirrel and Morocco Mole have just told me that their sources in the police tell them that the papers involving the investigation of the wannabe be saviour of S’pore footie (Remember he led team Game Changers in the 2017 FAS elections?) and the others had been forwarded to the AG earlier this year.

A decision by the AG on whether to proceed further is expected any time soon as the lawyers for the wannabe Jesus Christ Superstar, his Mrs and the ex-FAS officials have made their final representations.

Bill is still pleading, “It’s all a misunderstanding. Miscommunication leh”: it didn’t work with me all those yrs ago, FAS elections: Do the other Game Changers know the name of Bill Ng’s wife?,and I doubt it would work with AG. And while getting me onside was cheap, a few good dinners and a promise not to try to “fix” me, I doubt the AG is so kind. Already the lawyers’ fees are escalating.

Secret Squirrel and Morocco Mole have also been told to expect an announcement soon by the authorities.

But let’s be far to Bill Ng. TBFC shows the use of reserves. Secret Squirrel and Morocco Mole tell me that TBFC’s players have been assured that despite TBFC no longer having any more gaming revenue, the players will be paid for this season, if not longer: the financial reserves will be used.

Good for management.

Jack Ma is a patriotic parrot

In China on 15/05/2018 at 4:29 am

From NYT Dealbook sometime back. He should remember that Xi had to beg Trump not to kill ZTE.

Jack Ma on what a trade war would cost the U.S.
The Alibaba Group co-founder asserted in a WSJ op-ed today that the U.S. risked throwing away a huge opportunity to make money in China, because his home country may soon become an enormous consumer. From his piece:
“It is therefore ironic that the U.S. administration is waging a trade war at a time when the largest potential consumer market in the world is open for business.”
Yet economists point out that China is still an offender on intellectual-property theft and restricting its market to foreign companies — even as they worry that tariffs will backfire. (The Fed is worried, too.) But Larry Kudlow has urged calm, even as he didn’t rule out tariffs coming before negotiations with Beijing.
Elsewhere in trade: While the U.S. wants a Nafta deal by next month, Mexican negotiators are still balking at some Washington demands.

Uncle Leong and cybernuts should sit down and shut up

In Economy on 14/05/2018 at 9:53 am

And if they have the balls and grace, they should praise the PAP administration for a far-sighted policy which they are forever criticising, misrepresenting and publishing fake news about: the policy of bringing in young FTs (mainly ethnic Chinese from neighbouring countries) to study here.

Dr Oh, who was formerly the political secretary of ousted leader Najib Razak, added: “Economic matters will always be prioritised. There are a number of Pakatan senior leaders, such as (DAP’s) Tony Pua and Ong Kian Ming who have had experience in Singapore such as having lived there, so they would have some inputs into Malaysian policy towards Singapore.”

Both Mr Pua and Mr Ong Kian Ming had studied in Raffles Institution and Raffles Junior College in the Republic, on the Singapore Government’s Asean (Association of South-east Asian Nations) scholarship programme.

Readers will know that I’m a critic of the PAP administration’s FTs by the cattle-truck load policy and the policy restricting locals getting into the local publicly funded universities. But, I’m a fan of  the Asean (Association of South-east Asian Nations) scholarship programme and other programmes (such as allowing Johoreans easy access to schools here) bringing in young FTs (especially ethnic Chinese) from around the region and China.

One reason why the UK has great soft power is that many foreigners (self included) have fond memories of their student days in the UK. This is something that the govt here is trying to replicate (Hard work though, given the puritanical norms the PAP expects here: study here and no fun allowed.)

M’sia/ S’pore: Academic nuttier than cybernuts

In Malaysia, Political governance, Public Administration on 13/05/2018 at 10:26 am

(Or “Will US AG accuse our PM of theft?“)

In M’sia: ‘Mountain of challenges’/ BBC analysis applicable here too,I made fun of those anti-PAP cybernuts who shout that Mad Dog will lead a coalition of the nuts to beat the PAP in the next GE.

Well I found an even nuttier nut: he’s a M’sian-born Oz academicwho he thinks PAP is like UMNO

Meanwhile Singapore has been ruled by the People’s Action Party (PAP) since 1959, almost the same number of years as UMNO was in power. On the surface, PAP appears to be strong. In the most recent general elections, held in 2015, PAP’s share of the popular vote increased by about 10 per cent, reversing after years of decline. Many would argue that the increased vote was primarily due to the death of Lee Kuan Yew six months earlier; Singapore’s voters wanted to give LKY a last hurrah. The nation is due to hold its next general election in two years’ time and Lee Hsien Loong, the current prime minister, will hand over power to the so-called 4G (Fourth Generation) leaders. No corruption allegations akin to 1MDB have been made about the PAP leadership but there is persistent unhappiness among Singaporeans over the escalating cost of living and the paternalistic style of PAP rule. The standard joke is PAP actually stands for “Pay And Pay” party.

Given Malaysians and Singaporeans have a fairly similar political culture, the dismissal of UNMO by their Malaysian cousins may prove inspirational. As more and more Singaporeans associate PAP with surging costs – and a planned hike in the rate of GST confirmed earlier this year – the PAP brand may become toxic as well. Ordinary Singaporeans already have a negative view of the PAP elite, who graduate from the best-known universities, hold the most prestigious scholarships and serve in the Singapore Armed Forces before entering PAP politics. They are seen as totally removed from the hard lives of ordinary Singaporeans.

http://www.afr.com/opinion/mahathirs-victory-a-warning-shot-for-singapores-pap-20180510-h0zwql

The nut forgets that the PAP had 70% of the popular vote in the last GE (the UMNO-led coalition had less than 50%) and the PAP has still a two thirds majority in parly (the UMNO-led coalition lost that in 2008).

I have two questions for him, “Does he foresee any scandal like 1MDB happening here? A scandal here that has the US of A’s Department of Justice and the AG accusing the PM* of theft?”

Btw, I’ll always joke that what will bring the PAP down is for S’poreans to find out from the int’l media that our Harry had had a secret Swiss bank account. Even after Pincohet lost power in Chile, even his opponents respected him as incorruptible: he had his enemies killed but he was not corrupt, or so they tot. But Chileans lost their respect, love of him when it was discovered he had a secret Swiss bank account.

Coming back to the topic of nuts, here’s another nut. He was a FT (where the “T” stood for “Trash”): https://www.bloomberg.com/view/articles/2018-05-11/malaysia-singapore-union-flickers-back-to-life.


*OK, OK, they did not directly name Najib, but the documentation made it clear they were referring to FLOM’s hubbie.

Achtung: What Google says about TRE site

In Internet on 13/05/2018 at 4:52 am

When I try to access TRE’s sit,. Google sends me a strongly worded message that the site contains malware. And tells me to avoid the site, though I can go to the site if I really, really want to.

Previously my anti-virus software cut me off from the site because it was beta testing crypto-mining. TRE told visitors of its plans. I had suggested moons ago that it try to crypto-mining to help pay expenses from its freeloading cheapskates.

Staircase to financial paradise

In Financial competency, Financial planning on 12/05/2018 at 11:34 am

From FT columnist

Step 1: Do you need a financial adviser?

Step 2: Decide which type of service you want

Step 3: Independent or restricted advice?

Step 4: Choose which level of advice you need

Step 5: What are the charges?

Step 6: Finding an adviser

Step 7: Choosing the right person for you

Step 8: Keep your finger on the pulse

S’pore: 15th best city to be uni student

In Uncategorized on 12/05/2018 at 4:52 am

We are in the middle of a 30 city ranking. In Asia, Tokyo, Melbourne, Sydney, Seoul and HK ahead of us. Below us are Kyoto-Osaka-Kobe,Taipei, Brisbane, Canberra, Auckland, Beijing and Shanghai. I’m surprised Edinburgh is at 16th.

The ranking of university cities, rather than the quality of institutions, is produced by the QS higher education group, which publishes the annual World University Rankings.

The ratings are based on factors such as the number of top universities in a city, the local jobs market, the diversity of the culture and the quality of life.

http://www.bbc.com/news/business-44039666

Best Student Cities 2018

  1. London
  2. Tokyo
  3. Melbourne
  4. Montreal
  5. Paris
  6. Munich
  7. Berlin
  8. Zurich
  9. Sydney
  10. Seoul
  11. Vienna
  12. Hong Kong
  13. Toronto
  14. Boston
  15. Singapore
  16. Edinburgh
  17. Vancouver
  18. New York
  19. Kyoto-Osaka-Kobe
  20. Taipei
  21. Brisbane
  22. Canberra
  23. Auckland
  24. Manchester
  25. Buenos Aires
  26. Beijing
  27. Amsterdam
  28. Moscow
  29. Shanghai
  30. Prague

 

M’sia: ‘Mountain of challenges’/ BBC analysis applicable here too?

In Malaysia, Political governance on 11/05/2018 at 11:07 am

Here’s the analysis of Jonathan Head, BBC South East Asia correspondent on the problems facing the new govt in KL. A good reason for reading it is because what faces the new govt there will be what the SDP etc face if the Oppo comes into power here at next GE or any future GE.

Yes the anti-PAP cybernuts are already predicting victory. Goh Meng Seng, Mad Dog and Lim Tean (Got time to register another Oppo party but no time to deliver on promises after raising money from public for video and rally:Where’s yr defamation video and jobs rally Lim Tean?) are already rehearsing their victory speeches.

Sorry back to the BBC analysis.

This morning Malaysia has woken to an entirely new situation, the first transfer of power in its history, albeit to a very familiar leader. But there are huge unknowns. How willingly will Barisan Nasional, the coalition which has, in various forms, run the country since independence and embedded itself into all areas of governance, relinquish power?

How well will a disparate coalition, united largely by their desire to oust Najb Razak, work together in government? How smoothly will the plan to gain a pardon for imprisoned opposition leader Anwar Ibrahim, and then for Mr Mahathir to hand the premiership to him within two years, actually proceed? And how will they treat Mr Najib, and his high-spending wife, both accused of greed and corruption?

After all the jubilation over an impressive act of defiance by Malaysian voters, there is a mountain of challenges to face.

For anti-PAP cybernuts who can’t make comparisons this is for them:

This morning S’pore has woken to an entirely new situation, the first transfer of power in its history. But there are huge unknowns. How willingly will the PAP which run the country since before independence and embedded itself into all areas of governance, relinquish power?

How well will a disparate coalition led by Mad Dog Chee, united largely by their desire to oust the PAP work together in government? And how will they treat ministers accused of incompetence or corruption by the most rapid supporters of Dr Chee?

After all the jubilation over an impressive act of defiance by S’porean voters, there is a mountain of challenges to face.

 

Taxes on MNCs: 4G leaders should relook

In Economy on 11/05/2018 at 5:26 am

Recently I wrote:

To show S’poreans that saying that they want to earn the right to lead is more than BS, the coming generation of leaders should start looking at Hard Truths that have become irrelevant or were wrong in the first place.

Healthcare: user fees drives up costs

Here’s another Hard Truth that should be relooked. It’s a Hard Truth that MNCs should be given tax incentives so that they invest here. But the premise of such a Hard Truth no longer is valid

As Paul Krugman pointed out in his regular NYT column:

In the world according to Trump officials, or right-wing think tanks like the Tax Foundation, corporate profits are basically a return on physical capital — on bricks and mortar and machines. Cut taxes, and companies will add more physical capital, increasing competition for labor, and profits will go down while wages go up.

Apple, however, is nothing like that. Its profits come from its market position — its brand, if you like. It doesn’t matter whether you think it deserves its role as a quasi-monopolist; what matters is that given its position, it can and does charge what the market will bear, pretty much regardless of costs. If Trump cuts its taxes, it gets to keep more of its profits, but it has no real incentive to change its behaviour by, say, building more Apple stores. It just takes the extra money and either sits on it or hands it back to stockholders via buybacks.

Why Anwar will have a problem with Tun M

In Malaysia on 10/05/2018 at 10:55 am

Under the deal that the two struck, Dr Mahathir will be PM and will seek a royal pardon for Anwar. When all that happens (time frame of two years) and Anwar wins a parly seat, Tun  Mahathir will step down and Anwar will become PM.

Well even assuming all these things come to pass, Tun M could still cause problems for Anwar. Tun M is more LKY than Harry. This is what Najib said recently about Tun M.

Mr Najib spoke of his falling out with Dr Mahathir, who has accused the Prime Minister of everything from theft to redrawing electoral boundaries to Umno’s advantage.

Mr Najib said Dr Mahathir presided over several district redraws and the recent changes were to “take into account some demographic changes”.

“I think he’s obsessed about control, about calling the shots, in fact, when we were quite close together he even suggested establishing a council of elders,” said Mr Najib.

“Of course, you can imagine who’s going to chair the council of elders and a sitting prime minister after every Cabinet, I suppose I would have to march to his office to get his consent.”

“He wanted me to do his bidding,” Mr Najib said.

Bloomberg via https://www.todayonline.com/world/najib-predicts-hell-extend-grip-power-malaysia-election-after-2013-vote-scare-1mdb-mistakes

Najib on Tun M

Xiaomi IPO: Why cybernuts will be happy again

In GIC, Temasek on 10/05/2018 at 5:57 am

A few yrs ago the cybernuts were celebrating the purported losses that Xiaomi were costing GIC and Temasek. (Btw, interesting that so called patriotic S’poreans, think tax-dodging Oz resident Oxygen and S’pore-based Phillip Ang  love to celebrate losses that our SWFs make: maybe taz why they are cybernuts? What do you think?)

But they were silent when earlier this yr when Xiaomi was great again: Xiaomi’s IPO will make anti-PAPpyists frus.

Now that the IPO valuation will be US$70bn and not the mooted valuation of US$100bn, expect the cybernuts to point out that Temask and GIC lost money.

With enemies like this, the PAP doesn’t need friends. Sad.

Najib shows power that Lee Jnr can command as PM

In Political governance, Public Administration on 09/05/2018 at 11:28 am

Najib said in a recent interview “that Malaysia’s attorney-general later cleared him of wrongdoing”, adding for good measure, “you cannot just accuse somebody of being a thief or anything unless there is evidence”.

Bit rich of Najib to say AG had cleared him. The AG was planning to charge him but was sacked (OK, Ok officially he resigned because of ill-health) before he could charge Najib

As either FT or Economist said about Najib:

He has shored up his position by sacking dissenting senior government figures, curbing freedom of speech, hamstringing investigations, gerrymandering, and increasing handouts.

Accusations against Najib

1MDB, which since 2015 has been the subject of global probes into billions in lost funds.

Mr Najib himself faced allegations — which he denied — of misappropriating around US$700 million (S$929.45 million) that was channelled into his personal accounts before the 2013 election.

Now what Najib did to his AG and others, our  veryPM can likewise do here, if pushed in a corner.

The following (talking about our constitution) also applies to the constitutional framework in M’sia: hence Najib’s powers.

our constitution was drafted by ang mohs and locals steeped in the tradition that the ruling elite know best, certainly not the demos or mob or masses or ordinary people.

The drafters probably had liberal instincts but were elitists having gone to elite schools here or in the UK, and then to Oxbridge colleges. The mob are only allowed a choice of their dictator every 4-5 yrs. To further ensure the mob doesn’t get ideas beyond their station, it was drafted in such a way that all the colonial-era laws still applied and were “deemed” constitutionally legal.

In S’pore we have rule by law not the rule of law.   

And assuming Najib and BN lose the election but decides to stay in power, we’ll see what further powers he can wield though he’ll need the acquiescence of the commanders of the police and military, the AG, Chief Justice and the king. The last is the joker who can derail his plans to retain power if he and BN loses the election. While he’s a constitutional monarch, he also has to answer to the other sultans who elected him.

In S’pore, given the way Hali became president, #hardlymahpresidentit’s reasonable to doubt Hali ever disagreeing with the PM.

And I’m the guy who in March 2016 tot she could thrash TCB, and I said that I’d have voted for her despite having voted for TCB.

Sigh.

 

GST rise: Anti-PAP activists should take note

In Political governance on 09/05/2018 at 4:35 am

“Najib, he’s good,” said Matakahr bin-Ali, a 78-year-old rubber farmer. “Yes he put in the GST, but then he gives back to us.”

Mad Dog, Lim Tean (Got time to register another Oppo party but no time to deliver on promises after raising money from public for video and rally:Where’s yr defamation video and jobs rally Lim Tean?, Meng Seng, Tan Kin Lian, Tan Jee Say, Uncle Leong etc will KPKB at next GE campaign about coming GE rise.

But PAP will say, “Got even more and bigger rebates leh: trust us.”

Who you think majority of voters will trust? PAP, or Mad Dog, “Can’t keep promise” Lim Tean, “Fake data” Leong or the diabolical trio that helped PAP thwart voters who wanted Tan Cheng Bock as president?

Even I who have never voted PAP in my life, think I’d trust PAP more than I trust Mad Dog, “Can’t keep promise” Lim Tean, “Fake data” Leong or the diabolical trio.

With enemies like these, does the PAP need friends? What do you think?

My serious point is that these guys should sit down and shut up. They should allow people like Dr Paul, Pritam, Auntie, Show Mao (If he can remove his balls from his mouth), Chris K, and the young professionals in the SDP and WP to lead the battle in denouncing and rebutting the need for the GST rises.

Let others succeed where they failed.

A new generation should fight the PAP’s mixture of young and old leaders. They can at least seriously dent the PAP’s hegemony: but only if the Old Guard step aside.

 

Healthcare: user fees drives up costs

In Political governance, Public Administration on 08/05/2018 at 11:17 am

To show S’poreans that saying that they want to earn the right to lead is more than BS, the coming generation of leaders should start looking at Hard Truths that have become irrelevant or were wrong in the first place. They can do no worse than look at user fees in healthcare.

The PAP administration swears by user fees in healthcare because it says that not to have fees means that there’s a buffett syndrome: Welfare for insurers (cont’d)

It would argue

In the 1980s and 1990s many health economists were relaxed about out-of-pocket payments, also known as user fees. The World Bank saw them as a way of making sure money was not wasted, and of helping health-care consumers hold providers to account. There is merit to this argument. Research by Jishnu Das of the World Bank found that when Indian health workers saw patients in their private clinics, they spent more time with them and asked more questions than when the same health workers saw patients in public clinics.

Economist

———————-

I’ve blogged before that the PAP doesn’t need that many smart people as it follows most of the Economist’s prescriptions (except on hanging, drug legalisation, free media and a liberal democracy): PAP’s bible challenges “market-based solution”)

—————————————————–

Well its bible now says that it’s not a

good idea to rely mostly on user fees to fund a health system. They stop those who need care from seeking it. Concerns that users will consume too much health care unless they have to pay are overblown. And when people are not getting vaccinated to save a few cents, others suffer, too.

Worse

Out-of-pocket payments are also “cannonballs of inefficiency”, says Timothy Evans of the World Bank, which is now sceptical about user fees. If spending is pooled, it can insure more people against the risk of ill health and put pressure on providers to cut prices. Of the $500bn generated globally by user fees every year, the World Bank estimates that 40% is wasted.

https://www.economist.com/news/special-report/21740870-if-universal-health-care-become-ubiquitous-politicians-will-have-act-more

Re the issue that user fees

are also “cannonballs of inefficiency”

seems to apply here as DBS says govt should control costs of households esp in healthcare: See who’s telling govt to control healthcare costs/ What we be should be KPKBing about

M’sia: Now this is gerrymandering

In Malaysia on 08/05/2018 at 4:38 am

Anti-PAP types who allege the PM gerrymanders seats here to help his PAP should go see how it’s really done in M’sia. LOL.

These boundary changes now leave some opposition strongholds with populations five or six times higher than rural constituencies, which tend to support the governing Barisan Nasional coalition, dominated by Mr Najib’s UMNO party.

Some estimates show Barisan getting an extra eight of the 222 parliamentary seats from these changes, and that it could win a majority with as little as 20% of the popular vote.

Opposition supporters have for many years complained of unfair advantages like this. This time some believe the election is so rigged it is hardly worth contesting.

http://www.bbc.com/news/world-asia-43985623

And then this happened to Nurul Izzar Anwar, star opposition candidate and eldest daughter of Anwar Ibrahim

recent and controversial boundary changes, and the inclusion of the votes of thousands of police officers who tend to support the government, have significantly reduced her prospects of holding Lembah Pantai.

But being the daughter of Anwar means Ms Nurul has been moved to contest a safe seat once held by her father, in opposition-dominated Penang.  Wants to change system of privilege? Must be joking right?

What Oxford really says about PJ Thum and Project Southeast Asia

In Uncategorized on 07/05/2018 at 10:44 am

(Or Best not to gild the lily/ Why liddat PJ?“)

In How PAP can tame cyberspace while making money (cont’d) I pointed out that the KPKBing about PJ Thum being roughed up by the PAP adminstration came from some (not many) Oxford academics and not the colleges that comprise Oxford University.

Here’s what Project Southeast Asia says about him:

Thum Ping Tjin (“PJ”) is co-ordinator of Project Southeast Asia, and a Research Fellow at the University of Oxford.

http://projectsoutheastasia.com/people/academics/pingtjin-thum

Here’s what Green Temple, an Oxford college, says about PJ Thum (the only reference on the University’s website about PJ)

Dr Pingtjin Thum, BA, MSc, DPhil
Senior Research Fellow, Sunway University, Malaysia / Research Fellow, Jeffrey Cheah Institute on South East Asia

He’s only visiting leh.

—————————————

Here’s the various types of the Green Temple’s Fellows

Interesting Visiting Fellows roles are not described. Compare that with the descriptions of the others.

—————————————-

Anyway his “real” posts are

Senior Research Fellow, Sunway University, Malaysia / Research Fellow, Jeffrey Cheah Institute on South East Asia

Anyone heard of these? yuenchungkwong?

Not Oxford university entities are they?

And no mention of his role as “Co-ordinator Project Southeast Asia”.

This leads conveniently to Project Southeast Asia. I had tot that Project Southeast Asia is a centre in Oxford like the Centre for Islamic Studies etc i.e. that it’s a corporate entity of the university like the colleges. It ain’t

Southeast Asia is a major player on the global stage, and growing ever more so. Recognising this, the University of Oxford has created Project Southeast Asia, with the ultimate aim of establishing a Centre for Southeast Asian Studies – a home for Southeast Asia in the heart of one of the world’s premier universities. The Project acts as a focal point for academic and research activity, bringing together many of the most distinguished scholars in the field of Southeast Asian studies, together with the best and brightest new academic talent, for the acquisition and dissemination of knowledge about countries in the Southeast Asian region.

While emphasising core disciplines of history, politics/international relations, anthropology, human sciences, medicine, and development studies, it also addresses and offers input into important contemporary issues facing Southeast Asia, such as regional security, infectious diseases, environmental change, ageing and sustainable development. It supports research, student degree programmes, library and archival resources, institutional exchanges and academic events, and ensures that the most talented students, regardless of need, will be able to study Southeast Asia at Oxford.

https://www.ox.ac.uk/about/international-oxford/oxfords-global-links/asia-south-east/asia-south-east-region?wssl=1

Coming back to PJ, here’s a long extract from the constructive, nation-building ST: it spoke to the university’s spokesman. To summarise he is no Research Fellow, only a research associate, who is not an employee of the university.

Historian Thum Ping Tjin is a research associate with Oxford University’s School of Anthropology and Museum Ethnography, said a university spokesman yesterday.

Responding to queries from The Straits Times, Oxford University’s head of communications Stephen Rouse said Dr Thum was awarded a doctorate in history by Oxford in 2011. He added that Dr Thum is a Visiting Fellow of the Fertility and Reproduction Studies Group within the school, and therefore an affiliate of the school.

Mr Rouse also said there are three categories of research associates with the school – anthropologists based in Oxford, recent doctorate graduates of the department, or social scientists based outside the university working with members of the department.

Dr Thum falls into the third category, he said, adding that research associates are not employees of the school or university. “But they are valued colleagues with whom we have shared research interests.”

Oxford’s response came after the Parliament Secretariat yesterday wrote to Dr Thum asking him to “clarify his academic credentials”.

In a press statement yesterday, the Office of the Clerk of Parliament said Dr Thum’s written representation to the Select Committee on deliberate online falsehoods had stated that he was a research fellow in history at Oxford. It noted that there have been varying accounts, citing how Dr Thum informed the committee during the hearing that he held a “visiting professorship in anthropology”, among other things.

ST 14 April 2018

It’s very clear that he was exaggerating his credentials. Funny because a doctorate from Oxford is a many-splendour thing, showing that the S’porean holder is no half-past six, balls licking, broen-nosing academic from a local university, but a patrician in high academic standing. He was gilding the lily and was caught with his pants down.

When I read about him a long time ago, I was suspicious about him calling himself “Research Fellow, University of Oxford” because my understanding has always been that Oxford-based Fellows are attached to a specific college or centre or school. No such thing as University of Oxford Fellow.

Whatever, with enemies like him, the PAP has no problem getting 60-70% of the popular vote.

Sad.

As my mongrel dogs said when I asked them their views on PJ, “To call himself a ‘Research Fellow’ or ‘visting professor’ when he’s only a ‘research associate'”  is like us calling ourselves purebreds: misrepresenting at the very least.”

 

 

 

Fake news spreader on anti-PAP “Press Freedom and Fake News S’pore” panel

In Uncategorized on 06/05/2018 at 10:16 am

When I read this on FB

New Naratif

Editor-in-Chief Kirsten Han speaking at the “Press Freedom and Fake News in Singapore” event, organised by the Community Action Network and Function 8 in commemoration of World Press Freedom Day this week, about fake news, independent journalism, and the politics of foreign funding, alongside Daniel Yap (formerly of “The Middle Ground”), and Braema Mathi (former President of MARUAH).

I couldn’t help but snigger at the irony of having Braema Mathi on the panel.

FB friends of Braema Mathi tell me that if anyone is a spreader of fake news, or more accurately distorted news, it is Braema Mathi. They suspect she doesn’t read a quarter of what she is posting.

Her latest whopper is to post that Roger Moore just died and that she is missing him. He died last yr.

She also recently implied the US used chlorine gas in the retaking of Mosul last year, like what the Syrian govt forces are accused of at Douma. Btw, she thinks that the Syrian govt forces didn’t do it.

She also likes to post articles disagreeing or casting doubt that the Russians were involved in the poisoning of a Russian who spied for the UK and his daughter.

And she hates Trump. But with enemies like him, Trump doesn’t need friends.

She is one of those useful idiots much-loved by Reds like a jnr minister’s uncle and father. He may disagree that they were commies but only in code: FT jnr minister disagrees that “Pa” was a justly detained commie?

Where are his balls?

Coming back to the ang moh tua kee, when Trump wins the Nobel Peace Prize, she’ll go mad. Or finally accept that that prize is BS. I mean Obama got it for being elected POTUS.

Oh and she hates the PAP. But with enemies like her, no wonder the PAP has 60-70% of the vote. At least 30% know BS when they see it.

Btw, she’s a fan girl of PJ Thum. But with fans like her, he doesn’t need enemies. More on how Oxford University describes him and Project Southeast Asia soon. And his “real” academic posts.

 

Gd advice for struggling S’poreans

In Financial competency, Financial planning on 06/05/2018 at 4:55 am

In fact for anyone who isn’t fithy rich.

“You need to use a different lens to look at this question of finances,” says Ken McKellar, partner at AGM Transitions, a consultancy, and former partner at Deloitte and EY. “Rather than thinking of how big an income you need, think of how small a cost you could get away with without major changes to your lifestyle. Be aggressive about the cost. We learnt that a lot of ‘fat’ had crept into our spending over the years, and I have heard the same from many others.”

He was talking in the context of retirement planning and living in retirement in the UK.

Anti-PAP Malay that ungrateful meh?

In Political governance on 05/05/2018 at 10:48 am

High Court recently threw out SDP assistant treasurer’s bid for Marsiling-Yew Tee by-election. Hali was the MP there before Why PAP thinks we need a Malay president?

One Faizal Maidin posted on FB 

Marsiling has one of the highest Malay Muslims population in Singapore but yet we have no Malay/Muslim MP to represent us. ZzZzZ This is unfair to us. We have voted for 4 MPs and not 3 ok.

He should go on his knees and thank the PAP for making a Malay a president when the voters want Dr Tan Cheng Bock to be our presient. But to be fair, maybe he thinks “Malay presidency” is “Calling a deer a horse”?

Related posts

— Good crowd at #notmypresident protest

— #hardlymahpresident

Wall St: Death Cross coming?

In Uncategorized on 05/05/2018 at 4:58 am

On Friday afternoon, the S&P 500 was up 1.5%  at 2,668 but overall it was slightly down on the week. The Dow Jones Industrial Average was up 1.6% All’s well it seems.

But on Thurs in NY the S&P 500 and the DJI were each down 1.3% at 2,602.92 and 23,605.75, for a time (S&P closed o.2% down while DJ flat )respectively. They were trading below their 200-day moving averages for the first time since early April.

Trading was also volatile on Friday, with both indices off initially before reversing.

Look up waz a Death Cross.

 

How PAP can tame cyberspace while making money (cont’d)

In Internet on 04/05/2018 at 10:52 am

The spate between no-class Charles Chong (representing the no-class PAP administration), and some lobbied (instigated? manipulated?) over-sensitive (Err did they watch the video of the exchange, or relied on hearsay? And from whom? PJ?) Oxford University academics (not colleges I note) and the non-entity Project Southeast Asia (more on this strange beast soon) reminds me of

“The unspeakable in pursuit of the uneatable!”

Oscar Wilde

“A plague o’ both your houses!”

Mercutio, Romeo and Juliet, Shakespeare

It further reminds me that the PAP are missing another two tricks from darkest, dysfunctional Africa. Making bloggers Pay and Pay and tieing them up in petty details are what the PAP can introduce from Africa.

I had in Fighting fake news while raising revenue where I pointed out that our meritocratic scholars in the PAP administration could learn from Uganda in darkest, dysfunctional Africa: they could tax users of social media.

Another country from that dark continent has two brilliant ideas

Tanzania’s government has come up with a scheme that could prove even more draconian [referring to Uganda’s plan]: it plans to charge hundreds of dollars a year for the privilege of blogging. As part of new online regulations, bloggers will be required to pay hefty registration and annual licence fees that add up to roughly $920 — prohibitive for most in a country with a nominal per capita income of under $900. In proportion to GDP, the Tanzanian registration and licence fee would be the equivalent of asking Americans to pay nearly $60,000 to start a blog.

FT

Somehow I don’t think, the Idiots S’pore, Terry Online’s Channel or TRE (even if TRE’s pilot plan to use visitors’ clicks to mine crpto coins takes off) can afford the kind of sums required. Different for the SDP (CIA? Or Soros?) and mothership (George Yeo?Philip Yeo?).

And I certainly can’t be bothered with the paper work Tanzania is insisting on

What are the rules?

All online publishers including bloggers, vloggers and podcasters have up to 5 May to register and are required to pay $480 for a three-year licence, plus an annual fee of $440.

Radio and TV stations must also apply for licences to share their content online.

To get a permit, applicants must fulfil a list of requirements, like submitting staff CVs and reveal their future plans.

They will also have to keep a record of visitors to their site.

The regulations say the aim is to clamp down on “hate speech” and indecent material with the same standard being applied to online users.

They broadly define a blog as “a website containing a writer’s, or group of writer’s own, experiences, observations, opinions including current news… images, video clips and links to other websites”.

http://www.bbc.com/news/world-africa-43867292

Vietnam: Where yr Samsung HP comes from

In Vietnam on 04/05/2018 at 4:00 am

OK most probably.

Samsung makes about half of its global output of smartphones in Vietnam, including its flagship Galaxy series. It employs some 100,000 people in the south-east Asian country and its output there accounts for roughly one-quarter of Vietnam’s export revenues.

FT

Imagine if Foxcomm and Apple decide to move iPhone manufacturing and assembly to Vietnam: bye bye Grandpa Xi.

Intel has a big plant there. It’s been there a long time.

Fake news law: Malays not stupid

In Malaysia on 03/05/2018 at 10:52 am

The Malays ruling M’sia show that authorities in SE Asia (S’pore included) got a point on need of a “fake news” law.

M’sia’s first use of its newly passed “fake news” law will have ang moh tua kees here wondering what hit them. They’ll have to admit that the actions of one Sulaiman (who pleaded guilty) shows the need for such a law even if it limits freedom of expression:

A Malaysian court has convicted a Danish citizen over inaccurate criticism of police on social media, the first person to be prosecuted under a new law against fake news.

Salah Salem Saleh Sulaiman, 46, was charged with spreading false news after he posted a video on YouTube accusing police of taking 50 minutes to respond to distress calls after the shooting of a Palestinian lecturer on 21 April.

Police said they took eight minutes to respond to the shooting in the capital, Kuala Lumpur. The charge against Sulaiman said he had “with ill intent, published fake news through a video on YouTube”.

Sulaiman, who was not represented at the court hearing, pleaded guilty, but said the video was posted in a “moment of anger” and he did not mean any harm. “I agreed I made a mistake … I seriously apologise to everybody inMalaysia, not just in the Malaysian police,” said Sulaiman, a Danish citizen of Yemeni descent.

From ang moh tua kees favourite newspaper https://www.theguardian.com/world/2018/apr/30/first-person-convicted-under-malaysias-fake-news-law

It’s a sad day for the ang moh tua kees here and the rest of SE Asia because

Governments elsewhere in south-east Asia, including Singapore and the Philippines, have also proposed laws aimed at clamping down on the spread of fake news, to the dismay of media rights advocates.

Trump’s Chinese allies in China trade war

In China on 03/05/2018 at 4:19 am

His fifth column in China, juz as China has US retailers and MNCs as their fifth column in the US (Don’t know what fifth column is? Think of what the PAP thinks of our ang moh tua kees esp one PJ Thum.).

Or how a Chinese boycott of U.S. goods could backfire.

Beijing is aware of the importance of American companies to China’s economy. Ernan Cui, a consumer analyst at the research firm Gavekal Dragonomics, said a boycott could have many victims.

“Due to the integration of the economies, whatever China does to the U.S. will end up hurting itself,” Ms. Cui said.

Lots of Chinese work for US MNCs directly and a lot more indirectly.

And notably, many of those products are made by Chinese workers. Factories in China assemble iPhones, stitch up Nike apparel and footwear and make Chevrolets and Fords. It isn’t clear how many jobs this creates, but the American Chamber of Commerce in China said that more than one-third of its 800-plus member companies have more than 1,000 employees in the country.

“China needs the U.S., the U.S. needs China,” said Max Baucus, a former United States ambassador to China. “We are joined at the hip economically.”

US cos are big investors

The United States has also supplied much of the investment underpinning China’s economic growth. Between 1990 and 2017, America pumped more than $250 billion into China, according to a report by the Rhodium Group and the National Committee on United States-China Relations.

“The U.S. multinationals have been playing a very critical part of China’s development story, providing investment, technology, brands,” said Erlend Ek, trade research manager of China Policy, a Beijing-based advisory firm.

“They have a very good relationship with each other.”

Then US cos help China become great.

There’s another reason that Beijing may be reluctant to try a boycott: American multinationals are aiding the Chinese government in some important projects. IBM and Walmart, for example, are collaborating with the e-commerce company JD.com and Tsinghua University to improve food safety in China, a priority for Beijing.

Thewn Chinese love US products like iPhones, McDonalds (edible),Starbucks coffee (even if it’s crap), KFC congee and chicken (both rubbish), and Nike shoes (made in China).

And finally they eat lots of meat. Cattle, chickens and pigs need imported feed and if US feed is banned or taxed heavily, feed (and meat) will be a lot more expensive.

Falling HDB prices: Mad Dog, Meng Seng etc don’t count yr chickens yet

In Property on 02/05/2018 at 11:20 am

Private property mkt is going thru the roof

The Republic confirmed its biggest quarterly surge in private home prices in nearly eight years on Friday (April 27) — a 3.9 per cent jump that beat an earlier estimate of 3.1 per cent, data from the Urban Redevelopment Authority (URA) showed.

This is the highest quarterly price growth since the 5.3 per cent quarter-on-quarter increase in the second quarter of 2010.  In comparison, prices of private residential properties rose 0.8 per cent in the fourth quarter of last year over the previous quarter.

Ms Tricia Song, Colliers International head of research for Singapore, noted that it was “rare to see such a wide variance between the actual and flash numbers”. Flash estimates are based on data from the first two months of the quarter.

Constructive  T

while the Housing and Development Board (HDB) resale market has experienced a contrasting fortune compared to the private with the HDB resale price index contracting by 0.8%  for January to March.

Analysts have said that the increase in housing grants, shorter waiting time for Build-To-Order flats in certain housing estates, a strong supply of new public housing units, and the Government’s pronouncement that it will not renew the leases of HDB flats when they run out are some of the factors pushing down HDB resale prices.

So Mad Dog, Meng Seng, Lim Tean (Collect money from public but Where’s yr defamation video and jobs rally Lim Tean?) and other cybernuts (active or paper) are celebrating the defeat of the PAP in next GE.

But they did not read the ending

In the next quarters, HDB resale prices are expected to eventually rebound, the analysts said.

Given the huge number of en bloc sales since last year, Mr Ismail predicts “a greater demand for HDB resale properties with some en bloc owners considering bigger sized resale flats in the second half of the year”.

For the full year, the analysts said they expect HDB resale prices to be flat or grow by up to 1 per cent.

Not as gd as private property but then GE will not be held next year but the year after: after Raffles200. There’ll be goodies galore for HDB flat owners, trust me.

As to Goh Meng Seng’s BS that he’ll reveal his plan to solve the 99-yr HDB lease “problem” during next GE campaign, he shouldn’t waste his time BSing us. The PAP administration can solve the problem with a stroke of the pen. But will it is the question? More on what PAP administration can do soon.

When CIA bombed Indonesia

In Indonesia on 01/05/2018 at 11:04 am

This

Charles Chong says historian Thum had ‘engineered’ support for himself, points to ‘coordinated attempt’ with ‘foreign actors’ to subvert parliamentary process

and the sebsequent KPKBing by the ang moh tua kees (“witch hunt”) reminded me of documented foreign interference in the affairs of SE Asian countries in the 1950s.

The story of an almost forgotten episode in the histories of the CIA and Indonesia. The CIA’s airforce was supporting rebels in Sulawesi.

http://www.warhistoryonline.com/guest-bloggers/pby-catalina-26-invaders-p-51-mustangs-cia-rebel-air-force-attacking-indonesia-1958-m.html

The CIA was also active in supplying arms to the Acheh rebels at the other end of Indonesia.

This was happening around the time the British detained people like Devan Nair and Lim Chin Siong here for subversion.

Then there was the incident related in Why PAP (and PMs) sue and sue a year later here. Might not be the CIA directly but weren’t the KMT friends of the CIA? 

“Just because you’re paranoid doesn’t mean they aren’t after you.”

― Joseph Heller, Catch-22

Double confirm: Volatility is back from the living dead

In Uncategorized on 01/05/2018 at 5:31 am

Last nite in NY, the S&P 500 ended 0.8% at 2,648, having earlier risen by as much as 0.5% earlier: A 1.3 point move in a single trading session.