atans1

Archive for October, 2018|Monthly archive page

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

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

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

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

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

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

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

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

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

Ex-PM’s money obsession causing PAP problems

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

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

Tharman trying to tell jokes

Tharman trying to tell jokes again?

— Property: Tharman trying to crack jokes again

 

LGBT rights campaigner happy that gays suffer UK court defeat

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

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

In Gays versus Taliban Christians etc I wrote

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

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

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

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

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

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

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

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

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

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

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

No blacks or Irish need apply

This is illegal in the UK, though not here.

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

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

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

🤑🤣😛😢😪😂😝😜

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

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

🤑🤣😛😢😪😂😝😜

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

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

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

African example PAP govt will follow?

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

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

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

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

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

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

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

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

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

———————————————-

Something that alt media doesn’t tell S’poreans

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

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

FT

———————————————

The FT reports

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

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

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

How to protest effectively when there’s no GE

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

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

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

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

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

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

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

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

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

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

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

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

 

 

 

 

 

 

*

 

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

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

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

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

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


Waz this NIRC and NIR BS?

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

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

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


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

In the UK

‘Everything is just stretched to its limit’

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

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

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

And in Venezuela

From schoolteacher to cleaner

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

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

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

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

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

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

And

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

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

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

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

“They were good times.”

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

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

 

Crazy Rich Asians not falling for Ang Moh BS

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

EPFR Global the data-tracking firm notes:

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

 

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

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

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

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

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

FT’s Market Forces

Trump’s US$ trumps Xi’s Renminbi

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

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

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

Hard Truth why PAP wins and wins

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

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

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

PAP is juz rewarding voters who keep it in power

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

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

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

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

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

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

 

Asean “No friend” China, Trump triumphant

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

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

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

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

Trump must be happy.

Akan datang: Drones to supply ships in harbour

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

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

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

The Harder Truth on hawker food

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

Further to The Hard Truth about hawker food

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

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

(My musings)

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

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

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

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

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

His solution to keep food cheap?

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

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

TRE Cybernut says PAP has created paradise for otters not citizens

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

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

Rabble-rouser:

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

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

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

Oil prices are “right” for PAP

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

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

 

 

 

 

 

 

 

 

 

Phew that was a really quick sharp retracement after a very sharp spik in October: Tua kee traders take opposing views on price of oil.

The PAP govt must be relieved oil is now trading below US$80.

A US$ oil price of closer to US$100  than US$60 will pose problems for an early GE in late 2019 esp with the promised rise in GST(See below for GST related posts) after GE: Akan datang: GE in late 2019

According to Citi’s Johanna Chua, Asian countries suffer the most when oil prices rise because, aside from Malaysia, most are net oil importers. Singapore runs a sizable 6.5% oil and gas deficit,

HoHoHo: Why oil price rises are not gd for PAP

 

 

What next? Senior civil servant saying that those who don’t vote PAP don’t wish S’pore well?

In Political economy, Political governance, Public Administration on 23/10/2018 at 10:49 am

In Ang mohs told secret of why PAP wins and wins, I quoted our London ambassador on why the PAP thinks it wins and win.

She also wrote

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

FOO CHI HSIA

Doesn’t this sound as though she’s saying that those of us (self included) who want a viable opposition so that we can have a system whereby power can change hands in a GE are S’poreans who do not wish S’pore well?

Er,tot civil servants cannot engage in politics? And whatever happened to a neutral that our ministers and senior civil servants talk and boast about? They talking cock meh?

Seriously, our ang moh tua kees are forever bitching that civil service is not neutral.

But why should it be neutral?

Given that the PAP has ruled S’pore since 1959 (and first had the voters’ mandate in 1957), how can they expect the civil service to be neutral as it’s expected to be in the Westminster system? They don’t know their UK politcal history.

The UK (where of the Westminster model originated) has had two recent periods where one party ruled for a long period: 1979 — 1997 (Tories) and 1997 — 2010 (Labour). During both periods, the neutrality of the civil service was called in question by serious, fair-minded people, not the usual loonies and fruitcakes i.e. the British version of our cybernuts The complaint made by retired senior servants among others was that civil service was being co-opted by the governing party during both periods: ministers made sure the “right” civil servants were promoted.

Since the PAP has had repeatedly won the mandate (by wide margins) to push around and bully S’poreans, how can the civil service here not not be neutral ? Voters have made the choice: the PAP way or the highway.

And given that we are defacto one-party state, (“Why CCP’s fears are PAP’s fears”Keeping power in a one-party state and Would this happen in a one-party state?) how can any sane, rational voter expect a neutral civil service here?

Ending on the theme of a one-party state, here’s two parting tots to ponder

Communist party theorists have long railed against the danger of “peaceful evolution”, in which Communist rule is slowly undone as democratic ideals, from civil society to the rule of law, seep in through the back door.

FT

Same here?

And if so, Dr Thum Ping Tjin has a point when writing in TOC he cautions against being overly reliant on elections as the sole legitimate tool for political change: “Elections may be free, but not necessarily fair”:

Why S377A is a gate worth storming, or defending/ Legal basis of repeal

In Uncategorized on 23/10/2018 at 5:16 am

Hawkergate* (thankfully because the focus has shifted to a bread-and-kaya issue not air fairy human rights) has made anti-PAP S’poreans especially the cybernuts forget about the attempt to repeal 377A. So let’s spend a few minutes (only a few) to reflect on why the zealots on both sides of the Pink line think the row is very impt. And why most of us are boh chap the issue, unlike on Hawkergate.

The attempt to repeal section 377A in the Penal Code is the mother of all battles for the Talinanites of both sides because a victory for the repealers will open the mountain pass, or the gate of the fortress or Great Wall to the “barbarians” as the other side sees them. Of course, the stormers say history is on their side and objectively they are right.


Other Gay Suff

Male gays here: On “permanent” parole

Gays versus Taliban Christians etc

Oppressed to Oppressor: Pastor Khong describes Christianity’s evolution, not the gays’ agenda

——————————–

For those who fight for the retention of S377A, they know (rightly) that the “barbarians” (or “progressives”) will then fight for legal same-sex marriage. This will then lead to same-sex married couples becoming eligible to buy HDB flats and govt grants. It’s all about money, ain’t it?

….Then it will lead to toilet issues like man cross-dresses to woman’s attire entering women’s toilet, education system and curriculum, neighbours, etc and will lead to many other issues. Hence, it is better to keep 377A status quo. What they do privately in their bedrooms is their business.

FB post

So the fight to retain 377A is to head off the legalisation of gay marriages in the future. S377A has to be repealed first. If it’s repealed tomorrow, one less barrier or hurdle to overcome.

Onto the legal basis of the challenge

The lawyers of Johnson Ong who is taking legal action to repeal the law which criminalises sex between two men,  Mr Eugene Thuraisingam and Mr Suang Wijaya

will highlight the concept of human dignity, which was not argued in a previous challenge filed four years ago.

They will argue that Section 377A “violates human dignity”, and that sexual orientation “is unchangeable or suppressible at unacceptable personal cost”.

They will adduce expert evidence, which was also not led in the 2014 case that was struck down. They include proof that same-gender sexual orientation (including identity, behaviour, and attraction), and variations in gender identity and gender expression are “a part of the normal spectrum of human diversity and do not constitute a mental disorder”.

If established that sexual orientation is unchangeable or suppressible, they will argue that the criminalising of consensual sex is a violation of human dignity and breaches Article 9(1) of the Constitution, which states “no one shall be deprived of life and personal liberty save in accordance with law”.

The lawyers will also argue that there have been many changes and legal developments around the world since the October 2014 challenge was struck down.

https://www.todayonline.com/singapore/dj-has-file-his-evidence-challenging-section-377a-nov-20

I wish them well but point out that the predecessor of s377A was the law of the land long before the Con was enacted. The Indian case is not binding on our courts, as the lawyers know. Besides it’s an Indian, not an ang moh ruling: even for our ethnic Indian judges.


*The Hard Truth about hawker food: Link edited at 7.30am after first publication

Indians taking over the US of A

In India on 22/10/2018 at 2:50 pm

I kid u not.

The top three fastest-growing languages Indian. And there’s another four Indian languages in the top 10 fastest-growing languages (Chinese in only 7th).

And Indians vote for Trump.

United States of India?

Chart showing fastest growing languages in the US 2010 - 2017

https://www.bbc.com/news/world-45902204

And notice that Muslims (Arabic speakers) are up there too.

The Hard Truth about hawker food

In Political economy on 21/10/2018 at 10:57 am

Having read https://www.todayonline.com/big-read/big-read-grumbling-and-rumbling-social-enterprise-hawker-centres-whats-rub while there seems to be some hanky hanky about the way social enterprise hawker centres are run, the bottom line is that cheap hawker food is an unreasonable demand if the PAP govt is not willing to do something about rentals.

And if S’poreans don’t force the govt to rethink the issue of rentals, then Fishball Story’s Mr Ng is right to say

that Singaporeans should not continue to think that hawker food must be kept at traditionally low prices. When prices increase, hawkers can enjoy better margins and be more motivated to sustain their career “if they see good returns for their hard work”.

“We can start by paying a little more. If you want cheap food, I’ll give you budget-quality food. If you want good, proper food, expect to pay more.”

With the Government putting the pressure on hawkers to keep their food prices down, “there is no way hawkers can survive in the long run”, he added.

S’poreans have to realise that if rents are high, they got to Pay and Pay, juz like for ministers’ salaries, COEs etc.

Trump supports Crazy Smart Asians

In Uncategorized on 21/10/2018 at 10:14 am

The Trump administration has filed an amicus brief in support of the organisation bringing this case against Harvard

The plaintiffs say that if race was not considered, and if admissions were only based on grades alone, twice as many Asian pupils would be admitted because they perform well academically.

The case is expected to shed light on admissions practices at universities. Courts have previously allowed universities to examine race as a factor in order to promote diversity on campus, a practice known as affirmative action, or “reverse discrimination”.

https://www.bbc.com/news/world-us-canada-45868788

The interesting thing about this American Asian (ethnic Chinese in the main) group is that it is a minority group claiming that some applicants are unfairly losing out on places because of the efforts to maintain diversity among other minorities.

Parable of the Slumdog Otter

In Environment on 20/10/2018 at 11:11 am

A tale for S’poreans and the PAP to ponder. It’s a tale that should have come from P(olitican) Ravi; the Wankers’ Party MPs or activists; or Mad Dog, Lim Tean or Meng Seng.

Instead it came from Ottercity,a FB page dedicated to otters who incidentally Meng Seng doesn’t want here: Why otters support the PAP and (some) hate Meng Seng.(OK, OK I exaggerate about Meng Seng.)

Whatever, read and ponder

Who would have guessed?

He was born in a canal next to a storm drain. Whenever there was a heavy downpour, reservoir upstream would release water and flood his natal home. His parents would scramble to hurry them to get out to avoid being drown or wash away.

He grew up in heartland neighbourhood. His only playmates were his 2 siblings, he didn’t have other friends. He played with rubbish washed down by the river.

Every morning he looked forward to his parents bringing him to the neighbourhood park for a swim or a stroll. And in the evening, he would play beside the canal while waiting for his parents to return with dinner.

He led a simple happy life then.

Today, he owns the largest and most prime properties in Singapore. He has wealth of fish but he is constantly worried about others stealing from him. He has to constantly fight hard to protect and maintain what he owns today. He has forgotten how to smile.

And the Moral of the story is ….. ?

Image may contain: text and outdoor

https://www.facebook.com/ottercity/?__tn__=kC-R&eid=ARA67Ql0ODntpucYHrIBh9VpKWBqscEk-aAU1bsuWe3G1fzjJCN1PUi0-y9lack1fHI-a49Ejg5iukfQ&hc_ref=ARTU4VuKjN0xZ85q27U3P8HUe3ajqCinmUVw4HDICv2THmEWXFsX_atBk6PVOGzCx2w&fref=nf&__xts__%5B0%5D=68.ARA27mYZXkgWCEr0lEryh1enmy2Ulh7Yfhmwgbl00VGGLuHipI_8wnss2o4wMT4xThpneKNT63jtv97JFeCdnqXnjVBI3f871ckq8XXdY9YppoohtanynLIcdt1GjL3eJg99tQ6_513SrubIqvoTNpDsk9ggZOxdw6pZIG2_ron-R5nEUt5D4mT1-UkOlNte1PLl_bmlYASHQq4cODPfmrnFwB4SEA4Zu6Q5HMc

 

 

Robin Hood banker

In Uncategorized on 20/10/2018 at 5:16 am

But he’s Italian and not from Sherwood Forest in England. And there’s a happy ending, some what.

An Italian bank manager who robbed from the rich to give to the poor has narrowly escaped going to prison.

Gilberto Baschiera was the bank manager in the small mountain town of Forni di Sopra, where he stole about €1m (£0.9m) over seven years.

He took small amounts from wealthy clients and transferred it to those who couldn’t qualify for credit.

But he never pocketed a penny for himself – and avoided going to jail after a plea bargain with authorities.

“I have always thought that in addition to protecting savers, our task was to help those in need,” Baschiera said, according to Italian newspaper Corriere Della Serra.

https://www.bbc.com/news/world-europe-45745082

PAP, Sporeans should listen to this robot

In Uncategorized on 19/10/2018 at 1:52 pm

Pepper, a robot based at Middlesex University, working with students and appearing at events, has became the first robot to appear at a UK parliamentary meeting, talking to MPs about the future of artificial intelligence in education. Pepper told MPs:

Robots will have an important role to play – but we will always need the soft skills that are unique to humans to sense, make and drive value from technology.

A Tory MP Lucy Allan joked that Pepper was “better than some of the ministers we have had before us”.

Article at https://www.bbc.com/news/technology-45879961

HoHoHo: Gd news for PAP amid cont’d global equities carnage

In Energy on 19/10/2018 at 7:06 am

In New York, the S&P 500 fell 1.4% to 2,768, while earlier in the day China’s CSI 300 lost 2.4%. Techs look sickly.

But oil’s below US$80 having been at US%86 a week ago. So PAP should be pleased: HoHoHo: Why oil price rises are not gd for PAP

BS: SingPost’s “next working day” delivery statement?Or helping “fix” PAP “opponents”?

In Uncategorized on 18/10/2018 at 11:24 am

The ongoing case against the WP MPs etc reminded me that about three weeks ago, I posted a cheque to a vendor on a Friday morning. On Tueday night he emailed to say he hadn’t received the cheque. He only received it on Thursday.

Delivery Times
Standard Mail Next working day
Non-Standard Mail 3-5 working days

https://www.singpost.com/send-receive/sending-within-singapore/ordinary-mail-local

My envelope enclosing cheque Non-Standard Mail is it?

Or delivery times not applicable for posting in private housing estate in Marine Parade GRC for delivery in HDB area in Pasir Ris isit?

Or maybe my vendor lives in a part of Pasir Ris that is part of Aljunied GRC and postmen don’t feel safe venturing into WP territory? Or SingPost joining in the alleged “fixing” of WP?

Another case. Two Mondays ago, I posted a cheque to a publisher who publishes books that the PAP administration does not like: Quiet activist looking at his bank statement and smiling.

On Wednesday evening, I got an email from the co that it had received my cheque: still no next working day delivery. But an improvement. So my delayed post to Pasir Ris could be an honesrt mistake, or because that part of Pasir Ris is WP territory?

What do you think?

 

 

 

How to react to PAP’s prognosis of doom and gloom

In Uncategorized on 18/10/2018 at 5:28 am

But first, why take IMF’s & other int’l bodies forecastswith a large pinch of salt

Forecasting is not really the IMF’s forte, while pessimism is. Every growth forecast since 2009 for the UK economy has undershot the actual result, often by a significant margin. The warning of misery ahead is widely reported, but is really no more likely to be right than the average bank economist. It’s not only the IMF which finds misery gets more coverage. In 2007, the WWF estimated that the world had five years to avoid catastrophic climate change. In 2011 the International Energy Agency gave us five years. By last year the United Nations’ tame expert reckoned we had only three. Now the grand-daddy of the doomsters, the Intergovernmental Panel on Climate Change, reckons we have 12 years to mend our sinful ways. At least the trend is encouraging.

FT’s sardonic Neil Collins

Likewise take the PAP administrations prognosis of doom and gloom for S’pore and voters if the “right” policies are not followed (Ie must Pay and Pay for ministers and public gds, must have FTs by cattle-truck load, and PAP must be have policitcal hegemony) with a larger pinch of salt.

Alt media only get their news from SPH, MediaCorp isit?

In Media on 17/10/2018 at 10:56 am

Seems that TOC, TRE, Idiots and other alt media sites only get the news that they use to KPKB about how bad things are here from the constructive, nation-building media: media that they say is part of the PAP propoganda macine. Talking of biting the hand that feeds them.

Recently they were initially quiet about World Bank Index that ranked S’pore as tops: Anti-PAPpies screaming about Oxfam report, what about World Bank’s Human Capital Index.

But they soon ranted and raged about the report.

Funnily, they didn’t mention that it follows a similar measure for 195 countries from the Institute for Health Metrics and Evaluation (IHME) published in the Lancet, a medical journal, in September.

Singapore leads the bank’s ranking. But it lies 13th in the IHME index, which instead places Finland top.

This should have have got them into orgasms of public delight: 13th only.

So I can only assume that because ST etc didn’t report on this report, they didn’t know it existed.

But now that they know of its existence, before they get too excited,

The divergence reflects two differences in approach. The World Bank’s method ignores higher education (which is even more prevalent in Finland than in Singapore). And its measures of health (stunting and survival rates) are too crude to distinguish between Singapore’s healthy population and Finland’s even healthier one.

https://www.economist.com/finance-and-economics/2018/10/13/which-countries-are-raising-the-most-productive-human

In other words, the report’s methodology puts greater emphasis on higher education and a healthier population (No good hawker food in Finland as now unemployed migrant from S’pore, Daniel Yap, has said on FB).

PMI Index- Heading south

In Economy on 17/10/2018 at 6:59 am
Like many other exporters.
PAP govt that exceptional meh?
S’pore as an open economy is buffeted by global forces our millionaire ministers can do nothing about. When global conditions are good, they claim that they deserve their millions. But when global conditions are not good, they say “Don’t blame us. S’pore open economy leh.”
I have no issue with obscene payouts (unlike do-good retired bankers like Chris K and his ex-TRE pals) because I was an equities broker and arbitrageur and my pay was linked to the commissions and arbitrage income I brought in. But when times were bad, I couldn’t say like a minister can, “Cannot cut my pay. Global conditions are bad.Not my fault.”

Yet another Crazy Rich Asian druggie has gd lawyer

In Uncategorized on 16/10/2018 at 11:18 am

Looks like Crazy Rich Asians want to flaunt their drug taking habits and their ability to get the best lawyers to get them out of trouble.

Last week we had this: Crazy Rich Asian’s excuse for taking drugs. Her lawyer argued unsuccessfully that her kid’s and her parents divorce made her into an acid head. She’s appealing the sentence.

Yesterday we learnt that another Crazy Rich Asian consumed about 350g of illegal drugs a month (Morocco Mole tells me that that’s a lot) with a High Court judge pointing out that the supply he had and planned to get would have lasted him more than two months based on this consumption.

More from our constructive, nation-building media

A High Court judge on Monday (Oct 15) dismissed the prosecution’s appeal against Metro family scion Ong Jenn, agreeing with a District Court ruling that he should not be convicted of abetting to traffic in drugs.

Ong, a business development manager with Metro Holdings, is serving a two-year jail sentence after pleading guilty to two counts of attempted possession of controlled drugs.

Arguing that the 43-year-old should be convicted of the original charges of abetting to traffic controlled drugs, the prosecution appealed against his reduced charges as well as the sentence imposed on those reduced charges.

On May 12 last year, Ong admitted to the attempted possession of controlled drugs charges after a six-day trial. Back then, District Judge Jasvender Kaur agreed with Ong’s argument that the drugs — 92.68g of cannabis and 385.1g of cannabis mixture — were solely for his own consumption.

https://www.todayonline.com/singapore/appeal-against-metro-scion-ong-jenns-acquittal-drug-trafficking-abetment-charges-dismissed

US thrashing China in war of the indexes

In Uncategorized on 16/10/2018 at 6:53 am

Trump Triumphant.

After rising 22% in 2017, the CSI 300, an index of some of the largest companies listed on the Chinese mainland, has tumbled by the same amount so far this year.

Meanwhile S&P 500 is still up 3.5% on the year.

Trump is beating the **** out of Xi.

HoHoHo: Why oil price rises are not gd for PAP

In Economy, Emerging markets, Energy, Political economy, Political governance, Public Administration on 15/10/2018 at 11:19 am

Phew that was a quick sharp retracement after a very sharp spik: Tua kee traders take opposing views on price of oil. The PAP govt must be relieved oil is now trading around US$82 (minutes ago) than above US$86 (middle of last week).

A US$ oil price of closer to US$100 will not only make Tun M (M’sia exports oil) more willingly to cut off our water supply but will pose problems for an early GE in late 2019 esp with the promised rise in GST(See below for GST related posts) after GE: Akan datang: GE in late 2019

According to Citi’s Johanna Chua, Asian countries suffer the most when oil prices rise because, aside from Malaysia, most are net oil importers. Singapore runs a sizable 6.5% oil and gas deficit, followed closely by Pakistan, Thailand, Sri Lanka and Taiwan. Indonesia and Vietnam manage slightly smaller deficits of roughly 1%.

So many of these economies see the largest inflation swings when oil prices rise. Chua’s chart ranking the sensitivity regionally over the past six years. See where we stand.

S'pore oilThe ** explained that the spike in inflation here is caused by some one-off stats adjustment of data base. So not really comparable to other countries. But try telling that to cybernuts like Oxygen or Phillip Ang.

But rational readers should get the message. Voters really get hurt by oil price rises. And the promised GST price increase is not going to impress the 10 points of voters that voted for the PAP in last GE, bring the total votes for the PAP to 70%: a great result for the PM and the PAP after the failure of only 60% in 2011.


GST-related posts

GST rise: Anti-PAP activists should take note

How to ensure no GST rise

Countering PAP’s BS that taxes must go up

 

Tua kee traders take opposing views on price of oil

In Energy on 15/10/2018 at 6:59 am

Phew that was a quick sharp retracement to around US$81 after a sudden sharp spike to US$86. I’ll be blogging soon on why the PAP govt must be relieved oil is now trading around US$81 than around US$86.

But interestingly last week as the price spiked to over US$86 and then fell sharply  two major oil traders had opposite views.

Ian Taylor of Vitol, chairman of the world’s largest independent energy trader, told the Oil & Money conference on Wednesday he expected prices to eventually fall towards $65 a barrel, arguing he saw no shortage of crude in the market and the early signs of weaker demand.

FT

But

In the opposite corner is Jeremy Weir of Trafigura, Vitol’s long time rival, who said at the same London event he expects to see “three figure” prices before the recent rally is tempered, which has already seen Brent crude gain 50 per cent in the past 12 months to near $85 a barrel.

FT

Btw, fyi, the hedgies are long oil because of the US Iran embargo. And two major oil cos CEOs say that there’s adequate supply for the bear term future.

 

Ang mohs told secret of why PAP wins and wins

In Political governance, Public Administration on 14/10/2018 at 2:17 pm

Not because S’pore is a repressive place as the ang moh tua kees like Kirsten Han allege. Or because of Oppo clowns like Mad Dog, Lim Tean and Meng Seng.

But because according to the PAP administration’s Lady in London

The PAP has been repeatedly re-elected because it has been honest with the voters, delivers on its promises, and provides long-term stability and progress. When it has not fully met voters’ expectations, and so lost votes, it has responded with appropriate policy adjustments.

The cynics would say “She would say this, wouldn’t she?”.

But is she right? What do you think?

Her letter to the Economist

Politics in Singapore

Banyan suggested that the government of Singapore wins elections because it hounds critics and denies public-housing upgrades to opposition districts, and wondered why the ruling People’s Action Party “holds on so tenaciously” to power (September 22nd). The PAP has been repeatedly re-elected because it has been honest with the voters, delivers on its promises, and provides long-term stability and progress. When it has not fully met voters’ expectations, and so lost votes, it has responded with appropriate policy adjustments. It has also consciously renewed its leadership, with a fourth generation since independence readying itself to take on the responsibility.

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

FOO CHI HSIA
High commissioner for Singapore
London

 

Crazy Rich Asian’s excuse for taking drugs

In Uncategorized on 14/10/2018 at 10:19 am

But first, she could have killed or injured people by

driving her car — a Toyota Vellfire — onto a kerb along Newton Road. It collided into a central divider and hit a traffic light.

She caused the lamp post near the traffic light to fall, blocking the opposite side of the road.

https://www.todayonline.com/singapore/socialite-daughter-hour-glass-founders-gets-jail-fine-drug-consumption-traffic-offences?fbclid=IwAR3xWiXsP2PQ9zAndVRC6UZTVkic0FznHC_5RxRmsMWc8ae3oMivn5d5Gow

Who she?

The socialite daughter of the founders of luxury watch retailer The Hour Glass was sentenced to 22 months’ jail and a S$1,000 fine by the District Court on Thursday (Oct 11) for drug consumption and driving without due care.

Audrey Tay has also been disqualified from driving for 18 months. She is fined in default of a one-week imprisonment for the traffic offence.

In August, the 45-year-old pleaded guilty to four counts of consuming and possessing ketamine as well as for driving without due care.

Five other charges, which include consumption and possession of drugs such as methamphetamine and ketamine, were taken into consideration for sentencing.

As she has money

She is appealing against the sentence and has been granted bail. Her bail Pleading for leniency on Thursday, defence lawyer Eugene Thuraisingam said that pyschiatric reports showed that Tay was suffering from depression due to her “oldest daughter’s rejection” of her.

The ST report of the same speech said that he said she was badly affected by her parents’ divorce in 2010.

Related post:A Really Crazy Rich Asian

 

Kee Chiu Cybernuts who want to migrate to Bangladesh

In Political economy on 13/10/2018 at 11:34 am

Can’t stop laughing at our ungrateful, envious cybernuts. In their KBKBing that S’pore is ranked below Bangladesh, Namibia, Costa Rica, Guyana, Moldova, Kazakhstan, Kosovo and Palestine, they come across to the 35% swing voters as saying that these countries are better places to live in vis-a-vis S’pore.

Know any cybernut wanting to move out of their rented two-room HDB flat and move to Bangladesh, Namibia, Costa Rica, Guyana, Moldova, Kazakhstan, Kosovo and Palestine? I doubt any exist. They know life is better here. They juz behaving like ex-local MSM journalists who bite the hand that once fed them. They are worse because because cybernuts still get fed.

I agree with Calvin Cheng. I know, I know, it’s getting to be a habit ( When being a minister turns from a calling into a job for life) . But what can I say except that he seems to have mellowed.)

Singapore ranks below countries such as Bangladesh, Namibia, Costa Rica, Guyana, Moldova, Kazakhstan and even Kosovo and Palestine.

Ask yourselves if any Singaporeans, no matter how relatively poor, would rather live in those countries.

This highlights the sometimes shrill obsession with inequality, rather than focusing on absolute standards of living. Both are important, but I would argue that absolute standards of living are far more important. We should make sure our poor and even our average Singaporeans have good standards of living, regardless how they compare to rich Singaporeans.

We must be careful to keep our priorities right and balanced, and not give in to the politics of envy that has rend many Western societies apart in recent years.

———————————————————–

When I said Calvin Cheng was a dickhead

Riposte to Calvin Cheng’s defence of UA

Calvin, Amos & other cyber-vermin: the global perspective

Why MLC has to talk about Calvin


Coming back to the report and our cybernuts. Here’s another reasoned perspective on the Oxfam report,

There is a need “to have a better conversation about inequality” in Singapore, he added. “But it cannot be premised on research that is not well-suited for the challenges we face in Singapore, and ultimately, doesn’t produce a measure that correlates well with the living reality of Singaporeans, who know that inequality is a problem here, but is not characterised by the poverty and absolute deprivation seen in many countries of similar ‘rank’.””

Walter Theseira, academic, NMP

Another flaw in argument why ministers’ pay must be linked to fat cats ‘ pay

In Banks on 12/10/2018 at 1:25 pm

Many of the people in the fat cats top earners list that the PAP govt uses to set the pay for ministers are senior bank executives

But has the PAP govt ever tot about the banks’ KPI for bonus payments?

“If you rob a bank, you go to jail. If a banker robs you, he gets a bonus,” says a UK minibus saleman who found he had to lend money to tradesmen and SMEs so that they could afford to buy minibuses from him.

David Fishwick has since set up a SME lender and uses the tagline “Bank on Dave”. Knowing where the money is (twice over) he’s now turning to crowdfunding to raise £5m for a full banking licence.

But to be fair to bankers, Sir Douglas Flint who was the previous chairman of HSBC and a former finance director chairs the Archbishop of Canterbury’s Just Finance Foundation. And another ex-HSBC chairman and former CEO, Stephen Green was a lay preacher.

When these guys were senior executives, HSBC Mexico was doing “God’s work” (HSBC: Doing God’s Work?) by being the drug cartels’ favourite bank: HSBC: great customer & shareholder service.

Related post:HSBC should return to its roots

Anti-PAPpies screaming about Oxfam report, what about World Bank’s Human Capital Index

In Economy, Political governance, Public Administration on 11/10/2018 at 2:26 pm

Another way to measure economic success other than by GDP was launched released two days ago earlier today by the World Bank.

Its Human Capital Index ranks countries according to how much is invested in young people.

The higher the investment in education and health the more productive and higher earning the workforce tends to be, the World Bank says.

Which leads to the creation of higher levels of wealth and a stronger economy.

They are silent because

First is Singapore, followed by South Korea, Japan and Hong Kong.

Finland and Ireland are fifth and sixth, with the UK in 15th place, below Germany but ahead of France, Norway and Switzerland.

The bottom of the list is dominated by countries in Africa, where human capital scores are a third of those enjoyed by leading nations.

Chad, South Sudan and Niger are the bottom three countries.

For 157 countries the World Bank studied the quantity and quality of education provided to children, the mortality rate for under-5s, the “rate of stunting” among young people (a measure of how healthy children are) and the chances of someone living to 60 by the time they reach 15-years-of-age (the “adult survival rate”).

Bringing the data together produced a score between 0 and 1, where zero would mean all children died before reaching education age and 1 would be all children receiving the perfect education and health start in life.

Singapore scored 0.88 and the UK scored 0.78.

https://www.bbc.com/news/business-45816049

Uniquely Temasek? Kill Mandai wildlife to build wildlife paradise

In Environment, Public Administration, S'pore Inc, Temasek on 11/10/2018 at 10:47 am

This headline in our constructive, nation-building media on Monday

Mandai mangrove and mudflats to be Singapore’s newest nature park

reminded of a BBC story a few months back headlined

Singapore’s Mandai eco-resort: Paving paradise to put up an eco-resort

Singaporeans are getting a new wildlife paradise to bring them closer to nature, but as the BBC’s Yvette Tan writes, the development is carving into the jungle and pushing rare animals into the path of danger.

https://www.bbc.com/news/world-asia-44856567

Animals are getting killed  to create a new wildlife paradise

Five animals – including a leopard cat, a huge sambar deer, a wild boar and a critically endangered sunda pangolin – have become roadkill since development began last January. All the accidents took place in the area around Mandai – with two occurring on a busy expressway.

This reminded me of two US military operations in the Vietnam War :

— “Did we have to destroy the town in order to save it?”” Colonel Myron Harrington was a US Marine officer at the Battle of Hue during the Tet Offensive. The battle resulted in the destruction of the town and the killing of its residents—. Harrington is credited with the quotation “Did we have to destroy the town in order to save it?””

— “It became necessary to destroy the town to save it.” This has been attributed to an unnamed United States major, referring to the bombing of Ben Tre, South Vietnam; reported by AP correspondent Peter Arnett, “Major Describes Move”, New York Times (February 8, 1968).

Coming back to the Mandai project, Mandai Park Development (MPD) says

the resort, to be run by resort operator Banyan Tree, will be built “sensitively… to reduce impact to the environment”.

But Mr Subaraj, a self-styled conservation expert (I know he has no academic or formal credentials in this field, but I also know he’s passionate about local wildlife)

argues that this may not be enough.

“If you look in other countries, for example [at an eco-resort in] the Danum Valley in Malaysia, they’ve got around 30 rooms,” said Mr Subaraj.

“We’ve got up to 400 rooms. When you develop a resort that big, no matter how much mitigation you put in place, there will be an impact.”

In other words, the development is akin to building a HDB block of flats as opposed to a jungle hut.

Btw

MPD is a branch of Mandai Park Holdings, a wholly owned subsidiary of Singapore’s state investor – Temasek Holdings.

🤑

Btw2, MPD

the body behind the work, says developing the area into an eco-hub is a much more “environmentally sensitive” choice than if an urban development were to take over the area.

😪😢😢😪

HoHoHo: Time for StanChart’s CEO to go?

In Banks, Emerging markets, S'pore Inc, Temasek on 11/10/2018 at 4:51 am

Another one for the repair shop is UK-listed Standard Chartered. After damaging revelations about the bank breaching US-led sanctions against doing business with Iran, it had already paid a $667m fine to avoid criminal charges in 2012. This week another $1.5bn in fines from US authorities was highlighted after allegations that the bank continued to defy certain sanctions. Even without the added headache, Lex adjudged that chief executive Bill Winters has done a poor job of preserving shareholder value — never mind building some — since he joined just over three years ago. The shares are down 40 per cent.

Emphasis mine. FT’s Letter from Lex summarising it’s article that’s behind a pay wall.

Time for Temasek, the controlling shareholder, to talk to other top 10 shareholders about removing him? Pigs will fly first. The CEO that ran the bank into the ground was kicked out because another top 10 shareholder,Aberdeen Asset Mgt, as it then was, organised a campaign against him.

But then Temasek’s paper general CEOs would also have to go if they are judged by best practices ang moh private sector standards,

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

 

Akan Datang: New WP Sec-Gen and Chairman

In Accounting, Corporate governance, Financial competency on 10/10/2018 at 10:48 am

I predicted that Bayee would not be WP’s Sec-Gen: WP Low’s anointed one

I was wrong but the I guy tipped to be Sec-Gen will soon be: OK, OK before next GE. Read above link to see who is that person.

Reason? The trial going on involving Bayee, Auntie and Sifu Low.

The trial involving three elected members of the opposition Workers’ Party held Aljunied-Hougang Town Council began last Friday. The stakes are high, and a potential judgment against the MPs could see them bankrupted and disqualified from holding public office.

https://www.facebook.com/notes/remy-choo-zheng-xi/ahtc-trial-what-to-look-out-for/10156061952333737/

While one suit is brought in name of AHTC (Ownself sue ownself), the suits came about because an independent panel (My take on the panel when it was set up) approved by the Wankers’ Party (AHTC accounts: WP outsources decision to recover monies) recommended that legal action be taken against the town council members and others to recover the alleged improper payments.

I do not see any reasonable defence to these claims. Think of all the bad accounting (KPMG report on AHTC: Notice the deafening silence?) and expect the defendants to lose. Related post: Wankers’ Party still blur on audits and accounting.

Low and Auntie, I’ve predicted will not stand in next GE, so at worse their political careers are cut short near the end. Not a happy ending if they are bankrupted but they fought the good fight, keeping alive the flame of Opposition in a dark time.

But Bayee is young and is a newly elected Sec-Gen of WP and losing the case and being bankrupted and disqualified from holding public office will be a great end of his so far unimpressive political career.

Whenever Auntie steps down, the betting in the WP, Secret Squirrel and Morocco Mole tell me, is that one Nicole Seah will be the next chairman: remember her?  She’s been working hard and quietly in the Marine Parade GRC.

The Law Suits, in Summary
There are two lawsuits.
Suit 668 is brought by AHTC, acting on the instructions of an Independent Panel appointed by order of the Court of Appeal.
Suit 716 is a lawsuit brought by Pasir Ris-Punggol Town Council (PRPTC).
In both Suits, it is alleged that the Defendants are liable for alleged improper payments made by the Managing Agents to third party contractors between May 2011 – November 2015.

StanChart: Yet more problems for “rogue bank”

In Banks, Emerging markets, Temasek on 10/10/2018 at 4:18 am

FT reported that US prosecutors have told StanChart that they are preparing to bring criminal charges against two of the bank’s former employees over alleged sanction breaches involving Iran-linked companies.

Related posts:

HoHoHo: StanChart gets into more trouble

Double confirm StanChart’s rogue bank & PAP apologist is a fool

Why otters support the PAP and (some) hate Meng Seng

In Environment on 09/10/2018 at 10:51 am

Recently, I read in Ottercity that otters from Johor (my kind of FTs repopulated  via the Sungei Buloh swamps in the 1990s. They had become extinct here.

This reminded me that the otters in S’pore are natural PAP supporters and if they can vote will always vote for the PAP. Why?

Not only because recently Grace Fu posted on FB pictures of a lost pup and telling people to be careful when they drive in the Jurong area. (It rejoined the family safely.)

The real reason is that S’pore is a really safe place for the otters.

More than 70% of otters for sale are under one year of age, when they are still dependant on their family.

Our report on the Southeast Asian illegal otter trade took two years of research and investigations to produce and highlights the true face of otter trade.

Read the full report: http://www.otterspecialistgroup.org/osg-newsite/wp-content/uploads/2018/06/SEAsia-Otter-report.pdf

#weloveotters #illegaltrade in collaboration withTraffic Southeast Asia

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hence otters have been emigrating here since the 1990s from Johor. Although Bumis, they are not treated as such. Possible reason? Why Malay name for “otter” is apt

As to why the Bishan and Marina families hate Goh Meng Seng, it’s because because if he had his way there wouldn’t be today’s Bishan Park. After GE 2011, he KPKBed that the PAP town council running Bishan was squandering money which the town council didn’t have to develop Bishan Park.

As usual the talk cock, sing king promised to monitor developments there and highlight the cock-ups. He never did, But to be fair to him, he may have realised that he was wrong about the lack of money. But that would be a first, Meng Seng realising that he got things wrong.

Coming back to the otters: Pa and Ma Bishan otters who migrated from Johor would never have had Bishan Park as a home base if the PAP hadn’t developed the park against Goh Meng Seng’s advice.

For those who don’t follow the otter tales, the Bishan family (FT Pa, Ma and their S’pore born kids) kicked the Marina Bay family (true blue S’poreans though descended from FT otters also) out of Marina Bay and moved there Eventually the Marina Bay otters found their way to the Lower Peirce Reservoir and now regularly visit the now vacated Bishan Park.

Coming back to Meng Seng. The adult Bishan and Marina otters tell misbehaving pups that if they are naughty Meng Seng will eat them.

Related posts:

Udrahpore or Otterpore: Udrahpore not Singapore

Year of the Otter

 

Conserve water: Xeros washing machines should be compulsory

In Environment on 09/10/2018 at 7:42 am

In view of the PAP govt’s attempt to reduce water consumption, Xeros washing machines seem to juz the thing for S’pore.

After you put in your laundry, the drum adds about 23,000 small polymer spheres – which the company calls XOrbs – with a total weight around 6kg, plus a cup of water and detergent.

The spheres absorb the stains, then get collected through the drum, and afterwards are stored behind it to be reused next time.

The household machine uses 50% less water than a conventional washing machine, while the commercial version, which uses 70,000 spheres weighing 20kg, uses 80% less.

https://www.bbc.com/news/business-45711230

Other interesting ”save” water products.

Unilever

has produced a spray called Day2 that works like dry shampoo, designed to refresh those clothes that lie around on the floor on on the back of a chair but aren’t really that dirty at all.

Also

Swiss start-up Dolfi has come up with a device that cleans delicate fabrics using ultrasound to agitate a small amount of water and detergent.

And there’s this

Despite its misleading name, the dry cleaning industry also uses a lot of water – used in the form of steam – not to mention potential carcinogens like the solvent perchloroethylene, or perc for short.

But in the last five years, technological improvements have meant water and biodegradable detergents and conditioners can clean “dry clean only” garments made from wool, silk, or suede, says Nick Harris, managing director of VClean Life.

VClean recently launched a “wet cleaning” factory in Watford, Hertfordshire, that “weighs clothes and works out exactly how much water is necessary”, says Mr Harris.

And the boiler water used to make steam is recycled.

FTs benefit S’pore: Sarong Party Gals surveyed?

In Uncategorized on 08/10/2018 at 1:00 pm

More young people feel S’pore benefits from FTs.

Quoting a survey from the even more constructive, nation-building  Institute of Policy Studies (IPS), ST reported” more young people in Singapore feel that the country has benefited from the presence of foreign talent”.
—————————
Three cheers for TOC
Three cheers for TOC for spotting that the survey is from 2016 and was reported only after Ong Ye Kung talked cock on need for FTs.
———————————————————
The IPS survey found 62.5% of 19 to 30-year-olds believe skilled workers who come here from other countries “have contributed to Singapore’s development”, compared to 45.4% in 2010.

Juz wondering if the survey participants were Sarong Party Gals interviewed while doing pub crawls with their ang moh boy friends?

 

 

 

 

 

Noticed? Oil’s spiked to US$85 a barrel

In Economy, Energy on 08/10/2018 at 7:47 am

Not if u only read our constructive nation building (OK, OK, I don’t read BT) or TOC and other anti PAP publications.

What this means

A sharp and sustained rise in oil is one of the nastiest taxes on growth you can get.

FT columnist

So expect GDP growth here and elsewhere to slow down if oil doesn’t fall back to below US$80 (Top of trading range for this yr until late Sept).

Buy Keppel, and SembCorp listcos. And take a punt on the penny stocks in O&M sector?

Whatever, shows Trump is “stable genius”. His much criticised tax cuts earlier this yr, will help cushion the US consumer (and hence the world) againsat this oil price oil if it persists.

Bus driver says complain to LTA about bus sign problem

In Uncategorized on 07/10/2018 at 10:48 am

On Saturday at about 9.20am, a bus whose service number (31) was not visible unless one was standing very close to it was at the bus stand along Marine Parade Rd near the Roxy Htl. When I boarded it, I told the driver that the light panel illuminating the bus number was faulty. A true blue S’pore uncle he told me in perfect English to tell LTA. Others had also complained he said.

I asked him why he couldn’t tell LTA. He said they wouldn’t listen to him. He also explained that the bus (SBS 30006R) was operated by LTA.

Strange that the operator does not listen to its bus driver. Or could it be that true blue S’porean driver bo chap?

S’pore invited to WTO reform meeting: US and China not

In China on 07/10/2018 at 6:10 am

No, not fake news, but Canadian politics and diplomacy at work.

Canada has not invited the US or China to a high-level meeting on reforming the World Trade Organisation (WTO).

The country will host a “small group of like-minded” trade ministers in Ottawa in late October to discuss the global trade body.

Officials say countries like the US and China will be included at a later date in the reforms discussion process.

The European Union, Australia, Japan, Singapore, and South Korea are expected to attend.

Brazil, Chile, Kenya, Mexico, New Zealand, Norway, and Switzerland are also invited to the 24 and 25 October meeting.

https://www.bbc.com/news/world-us-canada-45674264

The hero of the progressives and femnists around the world, PM Trudeau, must still be feeling upset, hurt and confused over having to lick Trump’s ass. Canada had to make concessions to the US in trade talks.

Why Grab can give finger to S’pore govt

In Public Administration on 06/10/2018 at 7:34 am

(Update on 9 October 20180 at 10am: Microsoft has invested in Grab. Amt is reported to be US$200.)

S’pore mkt is irrelevant to Grab.

SoftBank will soon increase its commitment to Grab by pouring an additional $500m into the south-east Asian ride-hailing company, after the Singapore-based firm announced it is looking to raise about $1bn before the end of the year.

FT

Remember

Singapore’s competition watchdog has fined Grab and Uber a total of S$13 million over their merger, saying that the deal has led to the substantial eroding of competition in the ride-hailing market.

Read more at https://www.channelnewsasia.com/news/singapore/grab-uber-fined-after-merger-deal-competition-watchdog-10751522

And this is a lot of bull

The fall from grace of “digital darling” Grab serves as a cautionary tale for digital disruptors, after its Uber takeover left riders and drivers up in arms over price hikes and lower incentives.

https://www.todayonline.com/singapore/fallen-grace-grab-could-learn-hard-way-if-it-does-not-change-its-ways-report

But what to expect from constructive, nation-building media?

Germans are really smart

In Uncategorized on 06/10/2018 at 4:30 am

Audi, BMW Mercedes began robo car trials recently in China, in part to test their technologies on the country’s often-chaotic highways.

Neanwhile Google and other US cos test their cars primarily in places like Phoenix, Arizonia because the streets are in a grid pattern, and traffic is moderate.

HoHoHo: StanChart’s CEO is worse than our paper generals

In Banks, Emerging markets, Temasek on 05/10/2018 at 11:03 am

S’poreans have few good things to say about our paper generals and scholars: think SPH’s CEO and ex-SMRT’s CEO.

Well StanChart’s CEO, a true blue ang moh life long banker, makes these guys look good.

When Bill Winters became the Messiah CEO of StanChart in June 2015, the bank’s shares were around £10. Now they are around £6. He was brought in because the previous CEO had run the bank into the ground. The bank overextended, trying to take advantage of other banks’ problems. Unlike them it had a great time during the financial crisis.

Well Winters failed. The shares have dropped about 37%, while Bloomberg’s global banking index has gained 47%.

Ho Ho Ho.

Related posts

Now pays a “peanuts” dividend: HoHoHo: StanChart refuses to resume dividend

This 2016 issue hasn’t been resolved: More on StanChart’s latest problem with the US

HoHoHo: Temasek’s dubious achievement

Going to uni in UK is so expensive

In Uncategorized on 05/10/2018 at 4:25 am

The Sunday Times has news of an unusual development at a freshers’ fair.

It reports that alongside the usual stands for campaign groups and hockey teams, last week’s event at Brighton University also featured a table run by a sex workers’ outreach project.

The project said more students than ever were turning to sex work because of rising fees and its role was to offer support without judgement.

But one feminist activist has condemned the group’s presence, accusing it of pitching prostitution as a desirable lifestyle – “equivalent to joining the rowing club”.

Some wimmin got no sense of humour.

 

TLC sold US$65m art piece for “peanuts”.

In Temasek on 04/10/2018 at 10:42 am

US$2.3m, was what CapitaLand’s subsidiary, Raffles Holding, a painting for in 2005. Now it’s worth US$65m and rumoured to be heading to The Museum of Islamic Art, Doha, Qatar.

A work by Zao Wou-Ki (1920-2013) that hung in Raffles City for years and yrs (commissioned by I M Pei the architect of the place and of the Doha Museum) was sold by Raffles Holdings, a subsidiary of Capitaland, via Christie’s HK for US$2.3m in May 2005.

Same work sold at a world record price of US$65m (a record for a ZWK painting) on 30 Sept via Sotheby’s HK.

But before Chris K gets worked up on CapitaLand’s or scholars’ incompetence, the piece was sold by public auction both times. The art buyers voted with their wallets both times round.

But somehow, I don’t think that this fact will register with the anti-PAPpies, sane or nutty. So wait for Phillip Ang, the cybernuts go-to financial expert to KPKB about Ho Ching’s, CapitaLand’s or scholars’ incompetence or worse. (Btw, whatever happened to his and Lim Tean’s sue CPF class action? They raised money and then kept quiet? CPF class action: Phillip Ang’s “reply’ to fellow cybernut.Related post: Will Lim Tean & Phillip Ang help out fellow cybernut?)

Whatever, it would be nice if we had retained the art piece in one of our public galleries: after all it hung in a public space in Raffles City. But I’m sure the anti-PAP Tamils and Malays would say it’s “Too Cina”. And that it that shows the PAP’s Chinese chauvinism and bias against minority races.

Ang moh horse is really a Crazy Rich Asian?

In Uncategorized on 04/10/2018 at 8:07 am

[T]he Mail on Sunday charts the progress being made by Britain’s first guide horse.

One-year-old Digby – an American Miniature – is still in training but he can already seek out post boxes and push the buttons on pedestrian crossings.

His future owner, a blind BBC journalist from Blackburn, is planning to take Digby to work, to restaurants and even out clubbing.

The horse’s trainer says he’s also a good shopper – but it appears that even Digby has his limits.

“I took him to a department store and he pulled out a pair of khaki trousers and two tops with his lips,” she tells the paper.

“They were lovely, but the price made my eyes water.”

BBC

HoHoHo: StanChart gets into more trouble

In Banks, Emerging markets, Temasek on 03/10/2018 at 1:21 pm

StanChart is expecting a potential penalty of around US$1.5 billion from U.S. authorities for allowing customers to violate Iran sanctions.

https://www.bloomberg.com/news/articles/2018-10-01/stanchart-said-to-brace-for-new-iran-fine-of-about-1-5-billion

StanChart hasn’t been able to clean up its dirty linen despite a 2012 deferred prosecution agreement (DPA) in which it admitted secretly moving billions of dollars through the U.S. on behalf of Iranian clients, in violation of sanctions.

As part of the DPA, the bank agreed to have an outside, independent monitor to scrutinize its business practices and the U.S. agreed to eventually dismiss charges once the bank has complied. A failure to comply would typically allow prosecutors to reopen the case.

The DPA has been extended multiple times, including as recently as this summer, and will now run until the end of 2018. Authorities said the bank’s sanctions-compliance program “has not yet reached the standard required.”

Naturally the price came off when the mkts heard this. Ho Ho Ho

Related post: Double confirm StanChart’s rogue bank & PAP apologist is a fool

Indonesia wasted aid money to detect tsunami

In Indonesia on 03/10/2018 at 4:29 am

Remember a few yrs ago, it was reported that S’pore funded systems to detect or monitor forest fires in Riau were not maintained by the Indonesian authorities?

Well it now seems a tsunami warning system was not repaired or maintained by the Indonesian authorities.

Talking about the recent Palu tragedy (“The number of people known to have died in Indonesia in Friday’s earthquake and tsunami has risen to 1,347, disaster response officials say.”) the BBC reported

Could more lives have been saved?

It’s possible, as Indonesia does actually have a more advanced tsunami warning system, including a network of 21 buoys which would have dispatched advance warnings based on data gathered by deep sea sensors.

However none of these buoys – donated by the US, Germany and Malaysia after the devastating 2004 Indian Ocean tsunami that killed nearly a quarter of a million people – are working. Some have been damaged by vandals and others have been stolen.

A replacement system has been delayed due to a lack of funds.

Because of this the BMKG predicts post-earthquake tsunamis using a modelling system based on the earthquake depth and magnitude.

https://www.bbc.com/news/world-asia-45663054

Sad.

“Government in general, any government anywhere, is a thing of exquisite comicality to a discerning mind.”
―from NOSTROMO (1904)

What the anti-PAP cybernuts have in common with US progressives

In Internet on 02/10/2018 at 10:28 am

The very people who thoughtlessly and carelessly allowed Trump to “Make America Great Again”.

How a disastrous change in perspective disempowered the left and let the right rise

By dismissing the masses as fools, progressives confirmed all the culture warriors’ claims

are the headlines of an article (https://www.theguardian.com/us-news/2018/oct/01/how-a-disastrous-change-in-perspective-disempowered-the-left-and-let-the-right-rise )in the ang hoh tua kees’ favourite British paper (One reason it’s a fav is that it’s free: unlike my favs the FT and Economist)

It went on somewhere towards the end

The consolatory power of the “idiot nation” trope was obvious. If voters were slack-jawed rubes, well, it couldn’t be the fault of progressives that protests were small or that leftwing ideas lacked purchase. Activists committed to smug politics could take comfort knowing that the masses were too dumb to grasp the cogent arguments being presented to them.

But, politically, such rhetoric was disastrous. By dismissing the people as fools, progressives confirmed everything the culture warriors said: they openly embraced the condescending stereotype of the liberal elitist.

Now doesn’t this sound familiar in the S’pore context?

The views appearing in TRE, Terry’s OnLine Channel, The Indians Idiots, social media etc are that the 60-70% of S’porean voters who regularly vote for the PAP are morons. And that the hard core PAP haters are the ones that should rule S’pore.

———————————

Related article

Singaporeans want an opposition but are “very discerning in the type of opposition they seek. In my view, it is not wise to pursue any approach that does not establish firmer foundations for a permanent and institutionalised opposition in Singapore.

Pritam Singh, Wankers’ Party Sec Gen

(For the context of his comments read: https://www.todayonline.com/singapore/wp-chief-pritam-singh-responds-activist-select-committees-treatment-historian-thum)

WP: Spot on Bayee/ Lim Tean’s first anniversary of BSing


With enemies like the ang moh tua kees like and their cybernut allies the PAP doesn’t need friends to stay in power.

And I’m not the only one who thinks the PAP’s enemies are the reason why the PAP will rule S’pore forever and a day: “Antics Of Civil Society Activists Endanger Opposition Cause”

 

 

NY loves Crazy Rich Asians

In Uncategorized on 02/10/2018 at 6:38 am

Amazon says so.

The Crazy Rich Asians novel trilogy is being sold in Amazon 4-star. This is a store in NY where Amazon’s best-selling and most highly rated items, from $4 batteries to $1,300 laptops, are sold. The NY store, just opened, is the first such 4-star store.

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

In Political governance, Public Administration on 01/10/2018 at 9:34 am

“Experts” kanna chiat sai a second time: they got to recant their view that he’s no longer in contention to be the next PM. (For the record, I’ve never tot Ong Ye Kung was in the running to be PM. In fact, I tot he was “very mediocre”. In Ong Ye Kung: A study in failure I’ve listed his NTUC and SMRT failings, and more.)

But many “experts” (Think Eugene Tan) did think he could be our next PM, and they had to eat their own faeces and drink their own urine after the latest cabinet reshuffle: Our new PM/ Trumpets pls for me

But given the announcement of a very major change in our education system,


Primary and secondary schools to cut down on exams and tests, as MOE announces sweeping changes to reduce emphasis on grades

In a major move to reduce emphasis on grades, the Ministry of Education (MOE) will do away with examinations and graded assessments for Primary 1 and 2 students from next year.

Mid-year examinations for students in Pri 3, Pri 5, Secondary 1 and Sec 3 will also be removed in phases from 2019 while all students from Pri 3 to Sec 4 or Sec 5 will not have more than one weighted assessment per subject per school term.

In addition, students’ report books will also no longer reflect their class and level positions as well as overall marks, with scores to be rounded off without decimal points.

These changes were announced by Education Minister Ong Ye Kung on Friday (Sept 28).

https://www.todayonline.com/singapore/primary-and-secondary-schools-cut-down-exams-and-tests-moe-announces-sweeping-changes

—————————————————————————–

these experts should now eat more their own faeces and drink more their own urine and repent and recant their writing-off of his chances of becoming PM. There was a really good reason for PM to retain him at MoE: to finalise and announce the above changes, even if “Schools” were in the portfolio of Ng Chee Meng, now NTUC’s Secretary-General.

Me? I don’t think he’s going to be the next PM, but I’m not so cocksure any more.

Firstly, because PM seems to like him: remember he served as Lee Hsien Loong’s Principal Private Secretary (2002–2004). To be fair to him and PM, he did good work when he was concurrently

  • Director of Trade at the Ministry of Trade & Industry (2000–2003)
  • Deputy Chief Negotiator of Singapore-US Free Trade Agreement (2000–2003).

And because he can throw smoke. Not as good as Lawrence Wong (Smell the smoke? From Indonesia or from the PAP & cybernuts?) but still better (Doublespeak on “Every school a good school”) than Heng or Kee Chiu: