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Archive for 2019|Yearly archive page

HK: Why HSBC can still smile

In Banks, Hong Kong on 22/10/2019 at 5:05 pm

In Why HSBC is really Hongkong Bank

I wrote

I’m very surprised that BoC is a distant second in terms of deposits. I tot the gap was much narrower. And this was in 2018. I’m sure BoC lost a lot of deposits.

Well since then, there have been reports that BoC branches have been targeted by the rioters, as have the branches of other mainland controlled banks.

Sure HSBC is suffering because HK is its biggest and most profitable market

But the attacks and withdrawals from the Chinese banks must bring a smile to the quai lows at Hongkong Bank.

 

 

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Honkies behaving like spoiled brats adopted by ang mohs, then abandoned

In China, Hong Kong on 22/10/2019 at 5:45 am

(I hope FT doesn’t sue me for this copy and paste.)

This is a thread in an FT article on HK. Doesn’t Passeby’s first two paragraphs remind you of the typical S’porean response to the unrest in HK?

Passerby
I wish the parents of the teenager rioters lose their job and have to tell their rioter children they can no longer afford school and data plan and food for them. And these spoiled brats have to actually go out and live life and earn money. Yeh, maybe then they would appreciate a little more having stability in the society and the economic benefits the motherland China provides.

But then it would be too late, as this is not some kind of game. Macau is setting up their stock exchange. Shenzhen is taking over HK. Hong Kong will forever have lost its lustre.

As someone aptly described to me, to BJ, Hong Kong is like a kid who was adopted by western parents when she was young and now rejoining the birth family. But then she doesn’t want to rejoin, she thinks she’s too good for them. She wants to go back to the adopted family, who has left. BJ sees all these in her eyes, and will promote the other kids. HK has fallen out of favour.

The cost of these few months is immeasurable, and irrecoverable.

Hong Kong burns, and no one else burns with Hong Kong.

The responses were pretty good too

concerned n america
Maybe the HK kid sees the Muslim Uigher kid Getting their organs harvested and clearly doesn’t want to rejoin the evil family.

Aloha
@Passerby

Deep in the psyche of every Wumao is this shame that they have to justify and defend the death of hundreds of unarmed college students in Tiananmen in 1989 with jobs and economic growth. That if the Chinese Communist Party has not shot those protestors, their lives would somehow be worse off. That is the argument they have to repeat to themselves and to others.

South Korea had also had its ‘Tiananmen’ and people also died. But South Korea have confronted the past and is able to talk about it. Consider that South Korea is a country smaller than some Chinese provinces and what it has achieved economically. It’s a lie that the Chinese communist party wants people to buy in: that only the Chinese communist party can provide stability and economic growth.

Also no more Hong Kong means no more Chinese communist party members able to hid their ill gotten money off shore from mainland China.

Related posts:

Stop being fascinated with HK riots, look closer home

Financial aspects of protests

Attempt to bring down HK’s financial system fails: yet again

Why HSBC is really Hongkong Bank

China says it needs HK as a financial centre

What Tun and our alt media don’t tell us about the water supply from Johor

In Infrastructure, Malaysia on 21/10/2019 at 4:51 am

I’m sure you know:

Under the 1962 Water Agreement, Singapore can draw up to 250 million gallons of water a day from the Johor River, and Singapore is obliged to provide Johor with treated water up to 2% of the water we import. The 1962 Water Agreement will expire in 2061.

PUB

And that we pay 3 sen per 1,000 gallons and are required to supply Johor with 5 mgd of treated water at cost under the agreement.

And that Tun keeps KPKBing that it’s an unfair agreement that he says must be changed.

—————————————————-

So funny that in 1987 when he could taken action to have the agreement reviewed, he didn’t bother. Actually to be fair to him, it seems he wasn’t told that in 1987 there was a window for review . Secret Squirrel says that there’s a view in M’sia that someone was bribed. It was not some Bumi incompetence or carelessness.

——————————————————

But did you know an area about a third the size of Singapore (21,600 ha) is leased from Johor?

Constructed by PUB under a 1990 agreement with Johor supplementary to the 1962 Water Agreement, the Linggiu Reservoir is located upstream of the Johor River Waterworks and releases water into the Johor River to supplement its flow. This enables reliable abstraction of raw water at the Johor River Waterworks which is owned and operated by PUB for treatment.

https://www.pub.gov.sg/watersupply/fournationaltaps/importedwater

PUB

built the Linggiu Reservoir at a cost of more than S$300 million to enable reliable abstraction of water at PUB’s Johor River Waterworks (JRWW).

PUB (This sentence added on 22 October 2019 at 4.55am)

We paid Johor RM320 million (S$208 million at 1990 rates) for the potential loss of revenue from logging activities, and as a one-time payment for the lease of that land for the land up to 2061. We pay annual land taxes: but this is “peanuts”.

Do you know that despite leasing the land and using it as a catchment area, Malaysia, can, built water plants upstream of the JRWW?

These

have further added to the abstraction of water from the Johor River.

PUB. See Water: M’sia takes us to the cleaners

Also, did you know we have been supplying more than 16 mgd of treated water to Johor at the state’s request? Only obliged to supply 5 mgd.

PUB revealed that from Sept 23 to Sept 27, it has been supplying an additional 6 mgd of treated water, on top of the 16 mgd that it already supplies. This is upon Johor’s request, as the state had seen a disruption in production at its water plant in Skudai, PUB said.

Water: M’sia takes us to the cleaners

 

 

 

M’sian stocks: eagles and dogs

In Financial competency, Malaysia on 20/10/2019 at 10:20 am

Interesting tables from https://www.theedgesingapore.com/capital/tongs-portfolio/good-bad-and-ugly-our-malaysian-portfolio-reaches-its-fifth-anniversary

From the late 80s until the late 90s, I used to specialise in M’sian equities. These stocks are Mandarin to me. LOL.

 

Two cities, two systems

In China, Hong Kong on 19/10/2019 at 5:45 am

Singapore and Hong Kong have long offered rival political models. Singapore, put crudely, is an illiberal democracy; Hong Kong a liberal autocracy. One has a freely elected government but strict laws limiting, for example, public protest and some political debate. The other has a chief executive “elected” by a few hundred officials, a partially elected and weak legislature, but robust traditions of freedom of speech and assembly. Singapore has been pointing, discreetly, to its relative stability. On October 4th the foreign ministry advised Singaporeans to “defer non-essential travel” to Hong Kong.

https://www.economist.com/asia/2019/10/10/singapore-stands-to-gain-from-hong-kongs-troubles?fbclid=IwAR0v8guoxejGop67vdUO8Q7I5h_tqQfl6GU-R-sbIf0ysKxJJMJDGPBjQUs

HK still top dog vis-a-vis S’pore: China says it needs HK as a financial centre

Got this  right: HK: Who Beijing really blames for the protests and riots

Got this wrong: but HK’s CEO has announced that govt will seize back unbuilt land from tycoons to build public housing. This was a no-no since colonial days.

HK: Trumpets pls/ Next prediction

SAF can really detect and neutralise drones?

In Malaysia on 18/10/2019 at 5:17 am

After the attack on Saudi oil installations, in what seems to be warning to Tun not to try anything funny (Morocco Mole, Secret Squirrel’s side kick tells me that his second cousin removed working in Tun’s office tells him that arms dealers have promised him Iranian drones that hit the Saudi installations.)

Singapore ‘quite confident’ of detecting and neutralising drones used in Saudi attacks: Ng Eng Hen

Headline from constructive, nation-building CNA

Read more at https://www.channelnewsasia.com/news/singapore/singapore-confident-detect-neutralise-drones-saudi-arabia-uav-11976108

Is he talking cock?

Because remember the drone intrusion at Chamgi Int’l? Why isn’t Changi Int’l not protected against drone intrusions?/ Paper weapons?

and

But let’s be serious

But it would be a mistake to confuse the use of drones or UAVs (unmanned aerial vehicles) in this attack with other incidents where off-the-shelf drones have disrupted airports, football matches or political rallies, says Douglas Barrie, an air power fellow at think tank the International Institute for Strategic Studies.

He says this attack was carried out, in part, by sophisticated UAVs – small, pilotless, winged aircraft – nothing like the quadcopter drones flown in suburban parks.

Instead, they can cover hundreds of kilometres and be pre-programmed to fly around navigation points on the ground, allowing them to approach a target from an unexpected direction.

“The level of complexity in this attack is above anything we’ve seen before. Using a mix of cruise missiles and unmanned air vehicles (UAVs) that arrived all at the same time calls for a serious level of planning and proficiency,” says Mr Barrie.

The attack has raised a question-mark over the quality of the protection available against UAV assaults.

Criticism of Saudi Arabian air defences is wide of the mark, says Mr Barrie. The fact is that complex networks of air defence radars linked to guided missiles and squadrons of advanced fighter jets are not designed to counter this relatively cheap and disposable technology.

“Digital technology has made a huge difference to what smaller UAVs can do. Suddenly you can pack a lot into a UAV, you can almost turn it into a precision guided weapon.”

By programming a UAV to fly around numerous points before arriving at its target it can avoid the obvious directions from which an attack is expected. This may explain why existing radars failed to spot the drone formation which attacked Abqaiq.

Which is why this got rushed into the area

The US Air Force has just taken delivery of Phaser, a microwave-based weapon from defence giant Raytheon. Firing from a disc resembling a giant satellite dish atop a sand-coloured container it wipes out the digital elements inside a drone.

Raytheon cannot say where the rapidly purchased Phaser has been sent, but the Pentagon has stated that it is being deployed overseas.

Perhaps Phaser’s biggest strength is it operates at the speed of light. That is the rate at which it fires out bursts of microwave radiation. And that can bring an approaching UAV down in a split second.

The beam emitted by Phaser is 100 metres broad at a distance of one kilometre. That translates into a lot of dangerous space for an attacking UAV. Targets are tracked by an electro-optical sensor converting images into electronic signals and working in tandem with the microwave beam.

https://www.bbc.com/news/business-49984415?intlink_from_url=https://www.bbc.com/news/technology&link_location=live-reporting-story

Grandpa Xi’s biggest headche

In China, Commodities on 17/10/2019 at 5:23 am

No it’s not the quai lan Hongkies. or Mad Dog Chee’s cousin Trump. He has a much bigger problem which means he can’t focus on HK or US China political and trade relations.

The price of pork, the most popular meat in China, jumped by 69.3% compared with September last year. The rapid rise in pork prices means that China’s consumer price index is up by 3% year on year in September, the largest increase since November 2013. The rise in pork prices contributes nearly half a percentage point to headline inflation.

The outbreak of African swine fever has cut China’s pig population by 39% and led to led to rationing and price controls in at least one Chinese city.

The govt has started releasing frozen pork from its reserves, starting with 10,000 tonnes. There are subsidies for new pig farms and plans to breed bigger pigs. (Btw, frozen pork is tenderer than chilled pork according to a S’pore study reported by our constructive, nation-building CNA)

Meanwhile, pork related stocks are cheong.

Alfian is no knight in shining armour fighting the PAP dragon

In Uncategorized on 16/10/2019 at 4:32 am

Or for truth and justice. He’s more like an identity-challenged knight in rusty armour rowing with his enemies (think PAP govt) and his inner demons.

I’m not defending what the PAP minister said about Alfian (Because unlike the constructive, nation-building media I’ve not been paid my 30 pieces of silver, and unlike the PAP IB, I don’t work for free.), but I hope his critics had read some of Alfian’s stuff that the anti-PAP Woke don’t publicise, when criticising the minister. Anti-PAP cybernuts are a different breed of low life: “PAP is always wrong.”

I speak as someone who read some of his stuff years ago. In the poems I read, I sensed his unhappiness about living in a Chinese dominated multi-racial society. He was really not happy that his race was not top dog, like in KL, and he was not getting the goodies like M’sian Malays that he felt he was entitled to. He wanted to live in a multi-racial society where the Malays dominated. I must stress that this is only my reading.

A lawyer and PAP member (who yet again hasn’t been selected to be an MP) seems to share my view, though he put it more menacingly

I find Alfian’s actions anti Singapore. The combination of his poem and his pro Malaysia sentiments reflect a longing for a situation where his race is not the minority.

He is not a critic. He does not feel he belongs in Singapore.

Ong should add to his statement by using this PAPpy’s turn of phrase. Silly of Ong not to have said this in first place. But then GE coming and he doesn’t want to offend the Malay voters, who are not exactly fans of the PAP govt. Neither does he want Tun to take offence.

Oh, and do realise that Alfian is biting the hand that protects him.

He will have problems if he is a Malay living in M’sia: his preferred country. He’s a self-proclaimed gay, atheist Muslim. That is haram in M’sia and other Muslim countries. In Saudi Arabia he could be executed. In S’pore, minister Shan rightly says that LGBTQs will be protected, like other S’poreans

And remember what happened to Anwar? The authorities tried to destroy his career by portraying him as a homosexual because being gay is haram in Islam.

Doubtless if he was M’sian, he’d be spurning the privileges of being a Malay, and bemoaning that he couldn’t reveal his inner self. He’d be writing about hidden identities, like Oscar Wilde. Or maybe, he’ll be looking at his bank statement and smile.

—————————————-

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

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

Watain fans: Muslims cannot be, but can Malays be ?

——————————————————————————-

I’ll end by saying that the the minister roughed up Alfian for wrong reasons, doing no good for his reputation: https://sudhirtv.com/2019/10/14/the-day-singapores-education-minister-lost-some-credibility/?fbclid=IwAR2fHLaLLKIAUmC_BPqWaj6V6VyNOkFd_qGKk3Z1qTQ2sl0TxPiJL0Dxns4.

But I never had a high opinion of him: Ong Ye Kung: “Is he the 4G leader with the killer instinct?”

We threw money at this guy?

In Economy, EDB, Property, Uncategorized on 15/10/2019 at 5:13 am

To buy properties here?

EDB gifting billionaire money to cheong properties

Buying homes the billionaire way: two luxury homes are better than one

Ang moh who bot S$73.8m flat

Or employ S’poreans?

Only a few months ago I wrote

But if one is a fan of the PAP govt, one can argue that by giving him financial incentives to build his car in S’pore, EDB gets him to manufacture here (creating jobs and expertise), move his HQ here, and buy two properties: killing four birds with one stone.

EDB gifting billionaire money to cheong properties

A few months ago, our constructive, nation-building were trumpeting that S’pore’s a great place because Dyson decided to build his electric car here. Now the media is spinning like hell that his cancellation of his plan to build electric cars here is no big deal. Example CNA says:

WHAT IT MEANS FOR SINGAPORE

With the shuttering of Dyson’s automotive unit, plans for its maiden car plant in Singapore will be scrapped.

If Dyson’s plans had materialised, the plant could have brought about some benefits, said Maybank Kim Eng economist Chua Hak Bin.

“It was a different kind of manufacturing investment,” he said. “Dyson was a lot more futuristic and new tech so we wondered if it would bring parts of the supply chain, in terms of supporting industries, to Singapore.”

When Dyson announced its Singapore plans last year, Prime Minister Lee Hsien Loong took to Facebook to describe it as “one of the companies creating new and exciting opportunities here” and urged local engineers to “rise to the challenge”.

Trade and Industry Minister Chan Chun Sing also posted on Facebook that he was “happy” about the announcement, as it reflected Singapore’s attractiveness as a base for investments in innovation.

The Economic Development Board, in its yearly report published in February, highlighted autonomous vehicles and smart mobility as one of its key priorities ahead, in a bid to ride on the crest of Dyson’s announcement.

The government agency was in “active negotiations or discussions” with a couple of other electric car makers so as to “build clusters”, its managing director Chng Kai Fong told Bloomberg during an interview in April.

In response to CNA’s queries on its strategy moving forward, EDB’s assistant managing director Tan Kong Hwee said Singapore remains interested in advanced manufacturing activities, including electric vehicles.

“We believe Singapore is well-positioned for activities that leverage on the deep skills of our workforce, the use of advanced technologies such as robotics and automation, and ecosystem of suppliers locally and in the region,” said the emailed response.

“Singapore’s proximity to the markets in Asia will also enable companies to capture growth opportunities in the region.”

The U-turn in Dyson’s plans is set to affect about 20 employees in Singapore. The company told CNA that it has “sufficient vacancies” to absorb most of those affected.

Dyson currently employs about 1,100 people in Singapore, with 350 of them being engineers.

While it may be a lost opportunity for Singapore to produce electric cars, economists think the scrapping of the plant will bring about minimal impact.

“Since the project was very much on the drawing board, I think there will be fairly minimal disruption to local labour force and supply chains,” said Mr Song.

He added: “It would have been a nice feather in the cap. But even without it, we haven’t done too badly going by the investment commitment numbers for the first half of the year.”

At almost S$8.1 billion, Singapore’s fixed-asset investment commitments during the first six months of 2019 already fall within the EDB’s full-year forecast of S$8 billion to S$10 billion.

This despite trade tensions and other global uncertainties slowing down economic growth.

Mr Rajiv Biswas, chief economist for Asia Pacific at IHS Markit, said Dyson has signalled its intention to continue expanding its operations here in Singapore.

“Dyson is expected to continue to develop R&D and technology segments related to electric vehicles, such as battery technology, robotics and artificial intelligence.

“Therefore Singapore’s manufacturing sector may continue to benefit from Dyson’s future R&D in a range of key high technology sectors,” he told CNA.

Read more at https://www.channelnewsasia.com/news/business/dyson-hits-brakes-electric-car-what-the-shift-means-singapore-11992980

 

TeamTRE doesn’t know when school holidays begin?/ How Wankers can hold Aljunied

In Uncategorized on 14/10/2019 at 4:30 am

I couldn’t stop thinking the above and laughing when I read a TRE editorial dated 11 th October

Are we less than a month away from the General Elections?

Now that we have more information, we can make an educated guess. Given the above, the EBRC report could potentially be released already – we would not know given the lack of details – or is about to be released. Assuming the fastest scenario wherein the EBRC report has already been released and the fastest scenario for parliament to be dissolved, a GE could take place in less than a month’s time?

What do TRE readers think?

School holidays begin on 16th November. So election going to be held before school holidays begin? Traditionally, general elections are held during school holidays so that schools can be used as voting and counting centres.

Why does TeamTRE think this yr is different? Or they that blur? Or because they don’t have kids studying here? Or maybe no kids at all: infertile due to stress of running TRE for a bunch of ingrate cybernuts?

On to a serious matter: I wrote PAP confident of winning back Aljunied  earlier this yr, and in ending wrote how the Wankers can retain Aljunied

But if WP has Faizal, Show Mao and three new faces (I’m assuming that they’ll be the usual credible WP candidates, one of whom will be Lion Man: Will WP MPs walk the talk of Lion Man Leon?), I think that the swing voters will give the Wankers the benefit of the doubt, especially if Dr Tan Cheng Bock endorses the team. Interesting that Bayee is in this photo (Blackface Chee/ Tan Cheng Bock etc): Auntie and Low would rather be dead then be seen with Mad Dog.

(Yes I assumed that the three would lose the case and that “Peanuts”: WP MPs’ liability)

Voters in Aljunied, hold yr noses and vote for the Wankers if Low, Sylvia and Bayee don’t stand.

Think of S’pore. Vote wisely.

Asean experts in infowars

In Indonesia on 13/10/2019 at 10:48 am

(Two excerpts from a very long BBC article)

No, the Asean experts in infowars are not our our very own Terry’s Online Channel or Kirsten Han and PJ Thum minister who are minister Shan’s demons (Praying for minister Shan), but the Indonesian govt.

Indonesia’s Papua province has become the focus of a well-funded social media campaign using bots to promote a pro-government agenda, the BBC has found.

A long-running Papuan separatist movement has flared in recent months, sparking fresh calls for self-rule.

But with access to the region heavily restricted, social media has become a key source for the foreign press.

One expert told the BBC the apparently co-ordinated campaigns were seeking to skew international views of Papua.

https://www.bbc.com/news/world-asia-49983667?intlink_from_url=https://www.bbc.com/news/world/asia&link_location=live-reporting-story

Here’s how it’s done

[A] network of automated fake accounts spread across at least four social media platforms and numerous websites which could be traced to a Jakarta-based media company, InsightID.

The bots would jump on to hashtags being used by groups supporting independence, such as #freewestpapua, so they swamped negative reporting with positive stories about investment in the region, a process known as “hashtag hijacking”.

This technique was also used on Facebook. One such message, in English, said Indonesia had invited the UN to Papua to assess the situation. But the UN has complained that, despite an agreement more than a year ago, an official visit has still to take place.

The company pushed out content on Facebook with paid ads targeting users in the US, UK and Europe.

“The risk of a campaign like this, in a place with so little access to truly independent media, is it skews the perceptions and understanding of the international community in a way that doesn’t reflect reality,” says ASPI cyber researcher Elise Thomas.

“That appears to be the goal, one which someone is willing to spend hundreds of dollars and many months to achieve.”

https://www.bbc.com/news/world-asia-49983667?intlink_from_url=https://www.bbc.com/news/world/asia&link_location=live-reporting-story

Related post:

Indonesian riots prove minister’s point on zero tolerance of racist remarks?

And since the post’s publication:

A new wave of violence has hit the restive Indonesian region of West Papua after hundreds of protesters, mostly high school students, set fire to several buildings in a town on Monday.

At least 23 people died in the regional capital Wamena, some of whom were trapped inside burning buildings.

The protests were reportedly triggered by a teacher’s racist comments – an allegation the police called a “hoax”.

https://www.bbc.com/news/world-asia-49806182?intlink_from_url=https://www.bbc.com/news/world/asia&link_location=live-reporting

So what if we are the most competitive economy globally?

In Economy, Insurance on 12/10/2019 at 4:34 am

What has this to do with the price of pork?

Allianz CEO recently said: “S’pore market is a pond”

This put the ranking that S’pore is now the most competitive economy in the world, something our constructive nation-building media, and even anti-PAP alt media like TOC are trumpeting, into some kind of context and perspective.

Allianz is one of the world’s biggest reinsurers. The CEO was recently interviewed by the FT (Emphasis mine).

The group continues to be linked with more deals. In the last two weeks, it has been touted as a potential buyer for some of the Asian businesses put on the block by Aviva as well as insurance operations being sold by Spanish lender BBVA.

Mr Bäte is quick to play down any interest in Aviva’s Singapore operation. “The Aviva business is a good one but it is the smallest of four large ones in Singapore,” he said.

Why would I buy a small follower business in a small country that is fully consolidated?

FT

My point is that its meaningless to compare the economies of city-states (HK was third after the USA) to the economies of countries the size of continents, just as its meaningless to compares the economies of medium sized countries with those of city-states and continental countries like the USA, Russia and India.

Compare apples with apples, not with durians.

ST’s BS about WeWorks

In Property on 11/10/2019 at 5:30 pm

WeWork to expand to 12 locations in Singapore by year end despite global woes 

ST’s headline screamed today.

The constructive, nation-building ST went on

Co-working space operator WeWork has launched a new space in the Central Business District (CBD) and will add two more locations here in Singapore by the end of the year.

It will have a total of 12 locations in Singapore by this December, which will mark its two-year anniversary in the Republic.

Well FT juz reported

Two people briefed on the fundraising efforts said the office company’s cash crunch was so acute that it had to raise new financing no later than the end of November.

FT says JPMorgan is trying to complete an emergency debt financing package as soon as next week to buy time to restructure after the failed IPO.

Goldman Sachs who is an investor, IPO adviser (like JPMorgan) and customer, is sitting on its hands as JPMorgan tries to get other major banks to also lend money to WeWorks.

It had been tot “current funding arrangements might only carry it through another four to eight quarters unless it rapidly reduced the rate at which it has been burning cash.” LOL.

 

Athlete Soh thinks he PAP minister isit?

In Uncategorized on 11/10/2019 at 4:58 am

Recently Mr Soh Rui Yong, a long distance runner, has sued the Singapore Athletics (SA) and its executive director Syed Abdul Malik Aljunied, alleging defamation.

The cases

arose last month over Mr Soh being rejected from Team Singapore for the South-east Asian (SEA) Games in the Philippines, and defamatory comments allegedly made by SA in the wake of the decision.

Following that, Mr Soh threatened to sue SA’s executive director Syed Abdul Malik Aljunied for making allegedly defamatory comments on social media and filed a defamation writ against him.

Read more at https://www.todayonline.com/singapore/national-marathoner-soh-rui-yong-files-defamation-writ-singapore-athletics

Now

The legal spat between national marathoners Soh Rui Yong and Ashley Liew has intensified, with Mr Soh announcing on Wednesday (Oct 9) that he is filing a counterclaim against fellow athlete Ashley Liew, alleging defamation.

Read more at https://www.todayonline.com/singapore/marathoners-spat-soh-rui-yong-files-defamation-counterclaim-against-ashley-liew

Sounds like he behaves like he’s like a PAP millionaire minister: sue and sue.

Must be really rich to afford lawyers and be prepared to pay other side damages and legal costs if he loses. Didn’t realise our athletes are that well paid. Or maybe he juz stupid and so are his lawyers who might end up working for free. Sad.

Related post: Why PAP (and PMs) sue and sue

 

PAP govt ignoring home-grown violent Marxist terrorist threat

In Environment on 10/10/2019 at 5:16 am

Recently I wrote PAP govt keeps us safe from terror killings, they really do, pointing out the good work the PAP is doing keeping Muslims and Kafirs from killing one another here, unlike in London, Paris and Brussels which have comparable numbers of Muslims (and consequently of potential Jihadist Joes and Jills like those in Bapak’s harem).

The PAP govt, never complacent, has turned its attention to those it considers propagators of ang moh tua kee BS, and fake news propagators. In its sights are ang moh tuas like Kirsten Han and BJ Thum (Do PJ, Kirsten and friends still want Tun to bring democracy to S’pore?), and the employer of foreigners,Terry Xu. Bit rich that Terry who castigates the govt for allowing FTs to steal locals’ lunches is very happy to employ foreigners working in M’sia to KPKB about FTs here because they are cheap labour: Terry and his “bunch of Indians”.

The attention is misplaced and a waste of resources. Kirsten Han and PJ are harmless BS artists who shit and piss publicly to attract attention, while Terry’s TOC has become an echo chamber where only cybernuts feel comfortable in. In TOC’s latest attempt to raise $, it showed a picture of amount its bank account: $900. When I was helping out in 2011 and 2012, TOC had $100,000 in the bank from donations. (This was when ads were banners.) The donors have left, leaving only the cybernuts, a mixture of cheapskates, and destitutes on PAP govt welfare, biting the hand that feeds them

The Home Affairs minister should focus on the real enemy, those in the vanguard of revolutionary change here killing for fun treasured and loved playthings of really really rich S’poreans. He should remember the problems the German Red Army Faction and Japanese Red Army caused. They were Marxist terrorists who targeted the rich.

Security for the rich here? What security?

 

 

 

 

 

 

 

 

And this attack is not the only one. There have been several attacks on the koi of the rich living in Sentosa.

But not all otters liddat. So before the Agri-Food and Veterinary Authority (AVA) starts culling otters indiscriminately like it did junglefowl

Fowl play: Cull in haste, repent at leisure

Fowl play: Juz tell us what the genetic tests say, 

let me remind the AVA, that most otters are law-abiding S’poreans.

More importantly for civil servants, they are natural PAP voters, if they could vote.

 

Why? The PAP govt looks after them:

TRE Cybernut says PAP has created paradise for otters not citizens

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

Bishan otters PAP members?

Parable of the Slumdog Otter 

And unlike the cybernut ingrates like Terry Xu, M Ravi and Teo Soh Lung who live in public housing while biting the hand that feeds them, and ex-SPH journalists (Think Bertha Henson and Balji) who start dissing the PAP govt, the moment they stop getting their monthly 30 pieces of silver, otters got a sense of decency.

They are loyal to those who treat them well. And the PAP govt has treated them well.

As for the Marxist otters, catch them and send them for rehabilitation. They are juz silly, misled otters.

This is what we should remember Chiam for

In Uncategorized on 09/10/2019 at 11:27 am

I’m glad for this article

“The opposition used to be undesirable and unelectable, and Chiam has made it more acceptable to Singaporeans. He really revamped the whole opposition’s image and brought in credible candidates,” says Loke.

“His contribution surpasses JBJ’s, in terms of changing the opposition’s image.”

https://sg.news.yahoo.com/chiam-see-tong-changed-the-face-of-the-opposition-analyst-065549351.html

As Mr Chiam gets more and more frail, the actions of Mrs Chiam in trying to bostler his image and the way the PAP manipulates her had me thinking that he was the PAP’s useful idiot

True Chiam wasn’t honoured in these ways [Soed and made bankrupt or disinvited from Istana functions] but maybe they didn’t think he was that dangerous an opponent? Maybe they saw him as a “useful idiot”?

Seriously, Chiam, was given a great honour by one Harry Lee. He was one of Harry’s honorary pall-bearers. Given Harry’s status in S’pore’s official narrative (Coldstore: Why Harry’s narrative or the highway), Chiam’s honour ranks higher than the Order of Temasek.

But I suppose P Ravi would rather forget about this great honour conferred on Mr Chiam because it could be interpreted as double-confirming to cynics that the PAP thinks Chiam is their useful idiot.

Nonsense: 1 Oppo leaders are not honoured by PAP govt 2 More adversarial politics won’t be good for S’pore’

I knew Chiam well from the mid 70s to the early 80s. He handled several civil matters for my father and his friends in the early 80s, very competently. Lost touch after I went walkabout for several yrs.

Thought highly of him even though by the late 1990s I realised that he was not capable of building an effective opposition party unlike WP Low because he had EQ: Chiam: The importance of EQ. But when he anointed first s/o JBJ as his probable successor as oppo leader (KennethJ: Dice not falling his way) and then Lena as his potential successor in Potong Pasir (Time for the Chiams to step back?), and failed both times, I’ve been a reluctant critic.

“You don’t need much space to have sex”

In Property on 08/10/2019 at 6:13 am

Well now you don’t need much space to have a queen bed, furniture and plenty of stuff.  They all can fit into a micro-apartment thanks to Silicon Valley.

Bumblebee Spaces, a robotics company, designs and builds storage and beds for compact living. Furniture and possessions are hidden away inside ceiling boxes, to be raised and lowered at the touch of an iPad. Suspension straps, able to hold up to 3,000lbs, support the boxes, while wall-mounted safety sensors are ready to hit the brakes if something — or someone — stands in the way. A queen-sized bed is lowered from the ceiling, quietly converting a sitting room into a bedroom.

FT

Pixs from a San Francisco rabbit hatch (Or is it chicken cdoop?).

 

Related post: Enough space for Queen Jos to have sex?

 

PAP govt keeps us safe from terror killings, they really do

In Political governance, Public Administration on 07/10/2019 at 4:47 am

The Muslim ( He converted to Islam 10 years ago ) knife attacker who killed four of his colleagues at Paris police headquarters last week reminded me that London (Population of more than 8m) has more Muslims than S’pore, and Paris and Brussels have more in % terms : Muslims: Fun fact.

We know that violent Muslims have killed and maimed people (the Paris killings is just the latest example), and damaged property in all three cities and that in return there have attacks against innocent Muslims.


Over the past four years Paris has been hit by numerous large-scale and deadly attacks. In the deadliest Jihadist attack ever in France, Muslim extremists killed 130 people in an attack on the Bataclan theatre in November 2015.

—————————————————————– ————————

Meanwhile, things are peaceful here, despite being next door to Indonesia where there there have been Muslim terrorist killings and bombings.

The reason is that the PAP govt is very sensitive to the religious feelings of Muslims:

the PAP govt treats the sensibilities of the various religions: equal treatment of intolerant religious views.

A publisher said that the NLB didn’t buy a book because

NLB was concerned that the cover read “Why do Malays avoid pork?” Another problem was that the text implied that the prophet Mohammed founded Islam.

NLB is very sensitive about Malays and Muslims

The govt is also very careful about the feelings of non-Muslims

“You have a group of Malay young men, showing the one-finger sign, supporting the group,” CNA quoted the minister.

“If a group of Chinese went and showed the finger sign and said that we should allow it – how would you all have felt? It is the same.”

As the photo has gone viral “across the Christian community”, Shanmugam said that it was crucial to show that the picture does not represent what the Muslim community thinks. “They won’t realize that this a small group of Malays, but they may think, is this what Muslims think of us? So now we have to send the message that this is not what the Muslim community thinks. These are black metal group supporters, they are not the mainstream community.”

Watain ban: playing the easily offended game can backfire

Related posts:

Watain fans: Muslims cannot be, but can Malays be?

Indonesian riots prove minister’s point on zero tolerance of racist remarks?*

Another probable reason: very draconian laws work, though ang moh tua kees like Kirsten Han (Kirsten Han trying to defecate herself and PJ out of self-made crater) would disagree. They seem to be happy with mayhem so long as there’s freedom of expression.

[T]he Internal Security Act and the Criminal Law Temporary Provision Act.

They allow the govt to detain almost indefinitely people who never had the benefit of a trial. The former is nowadays used to detain alleged “Islamic” terrorists,  while the latter is used to detain Dan Tan (the guy alleged to have fixed footie matches) and alleged drug dealers …

Govt detains without trial S’poreans: No outrage meh activists?

I’ll end with why it’s not a good time to be a Muslim in America or in Oz and why there’s so much much fear of Muslims in these countries despite the lack of recent atrocities by Jihadists Joes and Jills.

An American Airlines mechanic charged with sabotaging an aircraft in July has possible links to the Islamic State (IS) group, US prosecutors say.

https://www.bbc.com/news/world-us-canada-49753151

He said he had wanted to cause a delay or have the flight cancelled to get overtime work.

And

Two men linked to the Islamic State (IS) group have been convicted in Australia of plotting to blow up a flight using a concealed bomb.

Mahmoud Khayat, 34, aimed to bring down the Sydney to Abu Dhabi flight in July 2017, a jury found on Thursday.

His brother, Khaled Khayat, 51, was found guilty of the same offence in May. Both men had pleaded not guilty.

Their plan failed when the bag carrying the bomb could not be checked in at the airport because it was overweight.

Prosecutors said they had aimed to blow up the flight carrying 400 passengers with military grade explosives concealed inside a meat grinder.

After it failed, the brothers also planned to carry out a chemical gas attack in Sydney, prosecutors said. They were arrested 11 days after the airport incident.

https://www.bbc.com/news/world-australia-49764450

All three are immigrants who became citizens of the countries they lived in.

Is it any surprise that “crew members did not feel comfortable flying with Muslim passengers on board”? Of course, in the land of the free, where the buffalo roam, there really shouldn’t be such discrimination, but still after 9/11 etc one can understand:

Muslim men blame racial profiling for flight cancellation

Two Muslim men in the US have demanded an investigation after they say they were subjected to racial and religious profiling on a flight home to Dallas.

Abderraoof Alkhawaldeh and Issam Abdallah allege their flight was cancelled because crew members did not feel comfortable flying with the men.

https://www.bbc.com/news/world-us-canada-49764305

Related posts:

Why Muslims in USA are right to feel oppressed

Ban Muslims from driving?

What Americans can teach Saudis on combating atheism

Bottom line: a little repression (By the standards of Kirsten Han, S’pore is an “authoritarian paradise, where critics of the government are squelched and drug traffickers are hanged”, sounds acceptable in keeping people of different religions from killing or being suspicious of people of other faiths: Religious equality, the PAP way

What do you think?

——————————————

*More recently in Indonesia,

A new wave of violence has hit the restive Indonesian region of West Papua after hundreds of protesters, mostly high school students, set fire to several buildings in a town on Monday.

At least 23 people died in the regional capital Wamena, some of whom were trapped inside burning buildings.

The protests were reportedly triggered by a teacher’s racist comments – an allegation the police called a “hoax”.

https://www.bbc.com/news/world-asia-49806182?intlink_from_url=https://www.bbc.com/news/world/asia&link_location=live-reporting

Stop being fascinated with HK riots, look closer home

In Indonesia on 06/10/2019 at 4:53 am

Alt media and social media is fascinated with the HK riots. They want something like that to happen here isit?

Meanwhile, they ignore the riots in Jakarta where unpopular legislative changes have brought tens of thousands of demonstrators onto the streets

The protests were triggered by bills hurried through in the final days of the parliamentary session, before a new cabinet is appointed and Widodo gets sworn in for a second term. They include an effort to introduce a criminal code outlawing sex outside marriage, among other things, and changes to limit the powers of the country’s ranti-corruption commission, known by its Indonesian initials as the KPK.

What happens in Indonesia also affects us, ang moh tua kees and anti-PAP cybernuts.

 

Background to Trump’s appeal to China on Bidens

In China on 05/10/2019 at 5:19 am

Trump had suggested on Thursday that the Chinese authorities could help dig up dirt on Mr Joe Biden and his son Hunter’s business dealings in China. Trump is already facing a  very rapidly escalating political crisis because of an impeachment inquiry.

The impeachment inquiry focuses on a whistleblower’s claim that the president put pressure on the Ukrainian president to investigate Joe Biden, the former vice-president and his potential rival in the 2020 presidential race.

Trump has now exacerbated the situation by asking for help from China, a nation that his own White House labelled a “revisionary power”.

Here’s what the BBC says:

What about the Bidens in China?

In 2013, then vice-president Mr Biden went to China on an official visit, where he met Chinese President Xi Jinping and other officials.

Hunter Biden and his daughter joined the vice-president, who had travelled with family members before.

During the two-day visit, Hunter met a Chinese banker, Jonathan Li, who would eventually become a business partner.

Mr Li founded a private equity fund shortly after the trip, and Hunter was on the board, although a spokesman for the younger Mr Biden told NBC News they did not discuss any business during the trip and the fund had been planned months earlier.

Hunter Biden was also not an equity owner in the fund during his father’s term as vice-president, according to the spokesman.

Hunter has denied meeting any Chinese officials about the business. However, he reportedly helped arrange for Mr Li to shake hands with Joe Biden during his trip to Beijing, which stoked claims of influence-peddling.

This August, Republican Senator and Finance Chairman Chuck Grassley questioned Hunter’s actions on the trip.

He said the younger Biden had a “history of investing in and collaborating with Chinese companies, including at least one posing significant national security concerns”.

https://www.bbc.com/news/world-us-canada-49924579?intlink_from_url=https://www.bbc.com/news/world/us_and_canada&link_location=live-reporting-story

There is also a story that a Chinese SWF invested a billion US$ in a hedge fund connected to Hunter. No credible evidence of this.

Is S’pore really Animal Farm come to life?

In Political governance, Public Administration on 04/10/2019 at 10:09 am

Or is it more like “Brave New World”? As elections are coming, sure got some cybernut sure to compare S’pore to Animal Farm.

But first, office workers are treated worse than animals in London:

“We don’t like the idea of animals in pens, but we’ve been happy to have people in them”, says Sir Stuart Lipton, the developer of 22 Bishopsgate.

Economist

(22 Bishopsgate is a 62-storey “vertical village” soon to be opened in London. 12,000 workers will work there.)

And likewise in Silicon Valley: Animal Farm circa 2017..

Coming back to S’pore and Animal Farm, read and decide.

“A really efficient totalitarian state would be one in which the all-powerful executive of political bosses and their army of managers control a population of slaves who do not have to be coerced, because they love their servitude.”

Brave New World – Aldous Huxley

And

S’poreans live pretty decent lives even if housing is expensive, cars unaffordable for most S’poreans, and the price of water is going up by 30%. Look at all those travelling overseas for hols during the recent school holidays. And all the tech gadgets S’poreans buy: I mean even the TRE cybernuts are not criticising the end of 2G next month (Buffett uses a 2G handset and so did I until Monday). No wonder the Pay and Party administration keeps raising prices. The money is there and the people are not unhappy to be fleeced.

S’pore: Not “Animal Farm” but “Brave New World”

Related posts:

Animal Farm: What if the pigs were public-spirited?

Good description of life in Animal Farm

“The Gatekeeper”: Our home-grown “Animal Farm”,

More on our home-grown “Animal Farm”

 

IRAS help line betterest

In Banks, Internet, Public Administration on 03/10/2019 at 5:26 pm

Recently, I had to reorganise my HSBC bank accounts: closing one, and opening another with access to e-trading.

One of the things that resulted from the reorganisation was that I had to move the giro deductions for property tax to the new account. I decided instead to move it to an existing historical account in OCBC because because it and DBS were the only two banks that allowed me to do set up a giro account with IRAS via the internet. Yes UOB does not have this privilege (Wonder why? After all Wong Kum Seng is the chairman and the previous chairman was Temasek’s president. Its finech and e-banking is rubbish?), and so using HSBC entailed downloading a form (I don’t have a printer), filling it in, and posting it.

But there were a few things I needed first to clarify with the IRAS. I was pretty depressed about calling the IRAS up because of my really bad experiences with SingPass: SingPass sucks, really sucks (Cont’d) and SingPass technical support versus that of OCBC and HSBC

But I was very pleasantly surprised. Getting thru to an officer was a breeze (Getting to talk to a bank officer via the help line is so bothersome).

And the officer was really helpfully, even telling me things I hadn’t tot about.

Fyi, I’m told Li Hongyi is responsible for SingPass. If so

Li Hongyi got a lot to do before he is PM material. And grandpa and GCT didn’t set the bar very high for Hongyi’s pa did they?

SingPass sucks, really sucks

 

 

Heaven publicly humiliated Xi on his big day

In China on 03/10/2019 at 10:42 am

No, not the riots in HK or Hongkies stepping on his pictures of his face: How Beijing and HK celebrating today

No, it was a lot worse. Heaven rained on his parade. Not literally but on China’s National Day,  Beijing was under a blanket of smog. So, under hazy skies, Xi presided over the military parade on the 70th anniversary of the day Mao Zedong declared the founding of the People’s Republic in Tiananmen Square.

Don’t believe me, go look at the pixs of the parade. An example is above. Also look at the photos in https://www.bbc.com/news/world-asia-china-49891769?intlink_from_url=https://www.bbc.com/news/world/asia&link_location=live-reporting-story

Smog in Tiananmen Square on the 70th anniversary of the day Mao Zedong declared the founding of the People’s Republic is politically and symbolically important because on China’s National Day two yrs ago, Xi called for clearer skies.

Didn’t happen did it on the most important day in the Chinese political calendar? And on a landmark anniversary: the 70th anniversary.

The people of China are quietly taking note that Heaven doesn’t give face to Xi, unlike its treatment of Mao. A few months before he died, there was a massive earthquake that killed many people.

 

Water: M’sia takes us to the cleaners/ What? Shades of Oxleygate?

In Infrastructure, Malaysia on 02/10/2019 at 10:35 am

Over water issues with M’sia, the PAP govt is still playing nice guy. Or to be more accurate, roll over and play dead.

Our constructive, nation-building CNA reports (emphasis mine), not Terry Online’s Channel bunch of M’sian Indian goons trying to fix S’pore by destabilising bi-lateral ties by publishing fake news, reports this disturbing news:

“Singapore built the Linggiu Reservoir at a cost of more than S$300 million to enable reliable abstraction of water at PUB’s Johor River Waterworks (JRWW),” the agency [My note: PUB] said in a media release.

However, Malaysia has built water plants upstream of the JRWW, which have further added to the abstraction of water from the Johor River.

“This challenging situation is exacerbated during dry weather, as PUB needs to discharge more water from Linggiu Reservoir to support water abstraction.

“In the event of a prolonged drought, a depleted Linggiu Reservoir will compromise Singapore’s right to abstract our full 250 million gallons per day (mgd) entitlement of water under the 1962 Water Agreement.”

Under the 1962 agreement, which lasts until 2061, Singapore has full and exclusive right to draw up to 250 million gallons of water daily from the Johor River at the price of 3 sen per 1,000 gallons.

Read more at https://www.todayonline.com/singapore/water-level-linggiu-reservoir-johor-falls-below-50-cent-pub

So why we playing nice guy? We continue giving Johor more cheap water then required to out of “goodwill” to ingrates (Johor officials always saying water agreement is unfair and should be cancelled):

Singapore is also required to supply Johor with 5 mgd of treated water under the agreement. But in practice, the Republic has been supplying 16 mgd of treated water to Johor at the state’s request, PUB said.

On Saturday, PUB revealed that from Sept 23 to Sept 27, it has been supplying an additional 6 mgd of treated water, on top of the 16 mgd that it already supplies. This is upon Johor’s request, as the state had seen a disruption in production at its water plant in Skudai, PUB said.

“Johor made similar requests this year in January and August. Last year, Singapore supplied additional water in excess of the usual 16 mgd for 20 days,” PUB said.

The water agency added that it has supplied all the additional treated water above 5 mgd on a “goodwill basis” at the same price as under the 1962 agreement of 50 sen per 1,000 gallons — a fraction of the cost of treating the water.

Read more at https://www.todayonline.com/singapore/water-level-linggiu-reservoir-johor-falls-below-50-cent-pub

Goodwill? What goodwill? With the M’sian and Johor authorities forever trying to cause trouble,

Tun manufacturing another row to stir his anti-PAP S’porean fans?

M’sian minister thinks M’sian drivers tua kee

Let’s gloat at Tun as he threatens us,

we should stick to the letter of the law.

PM should stand up to Tun. No more nice guy. No more rolling over and playing dead. Like he did over Oxleygate, where he should have sued his siblings: Riposte to “Blood is thicker than water” and other BS reasons not to sue.

What PAP and PMs always did before Oxleygate: Why PAP (and PMs) sue and sue.

And do remember that Mad Dog always says S’pore is unfair to its neighbours. Surely, not in this case?

 

Great GIC trade but there’s a catch

In GIC on 01/10/2019 at 2:00 pm

It invested US$1bn in the IPO Anheuser-Busch InBev’s Asia-Pacific unit: AB InBev Asia.

The shares were up 4% on the first day of trading yesterday.

Problem is that it can’t sell for six months because it’s a cornerstone investors. It got to invest so much for that reason.

Terry’s Team M’sia will never report stuff like this.

How Beijing and HK celebrating today

In China, Hong Kong on 01/10/2019 at 10:35 am

In Beijing, to celebrate the 70th anniversary of China’s liberation by the CCP, there is a big military parade presided over by Xi,

In HK:

[I]mages of Mr Xi will be glued on to walkways so that protesters can stamp on him as they pass by.

FT

Btw, FT’s great coverage of HK: HK: What MSM and alt media don’t tell us

Thicker than even blood: The PAP way is the CCP way.

 

Terry and his “bunch of Indians”

In Internet on 30/09/2019 at 11:21 am

Minister Shan recently outed a M’sian Indian based outside KL proper, as the star writer of Terry’s Online Channel. Until then, based on her name, I tot she was an India-based Indian.  TOC: A lot of bull. Btw, seems another writer with Indian-sounding name is also M’sian.

Hello? Hello? Other than Terry, any S’poreans writing for TOC?

Whatever

The “T” in FT can stand for “Talent” not “Trash” who beat up S’poreans if TOC is to be believed. Don’t listen to the foreigners who write for TOC: TOC: A lot of bull.

At least FTs work here and pay GST and other taxes. Terry’s team work overseas. And TOC and its cybernut readers criticise the PAP govt for allowing in FTs?

TOC is hypocritical

Waz really funny is that Terry once upon a time upset Philemon Ravi by calling TISG “a bunch of Indians”. P Ravi was then the editor of TISG, a publication better known as “The Idiots, S’pore”. P Ravi must be chuckling that Terry’s star writers are Indians.

Whatever, P Ravi now knows that Terry is no racist, and we, that he like PAP: want cheap labour.

Seriously, waz really black comedy at its blackest and funniest is him using foreigners when he KPKBs about govt’s FT policy and how it hurts S’poreans. At least FTs pay taxes and rent, and spends money here benefiting the economy. His foreign writers spend Terry’s money overseas.

A pro-PAP site put it this way

“Let us be clear: there’s nothing wrong with hiring Malaysian or foreign writers to write critically about Singapore. If they wanna write about how S’poreans are arrogant, we’ll wholeheartedly support that…What’s not right is when you dish out xenophobic articles criticising foreigners working in S’pore but in the same breath hire foreigners.”

SMRT Feedback

(Btw, Idiots S’pore also use foreigner I’m told. TRE doesn’t. TeamTRE is headed by a S’porean based in China. They slog for a bunch of ingrate readers not willing to fund them, and who always KPKBing for bad service, but always coming back because free lor.)

I’ll be fair and let Terry or rather a TOC writer (S’porean?) have the penultimate word:

Responding to Mr Shanmugam’s fiery statement, Terry asserts that all articles published on TOC are directed and subsequently approved by him as the Chief Editor.

“Nothing goes unvetted by me, a Singaporean who has served his national service and held responsible by the Ministry of Communication and Information as the registered person in charge,” said Terry.

“If one is to observe the series of Facebook posts and now, the Law Minister comments, one can easily come to a conclusion that there is a collaborated campaign to discredit TOC.”

He then went on to address the debate on hiring foreign persons, saying, “To the best of my recollection, there is no law against hiring person of foreign nationality and TOC has not used nor received any foreign funding. So what is the Law Minister barking about?”

TOC’s Kathleen F (Another M’sian-based M’sian Indian writer?)

https://www.theonlinecitizen.com/2019/09/25/nothing-goes-unvetted-by-me-tocs-editor-terry-xu-responds-to-minister-k-shanmugans-comments-on-foreign-interference/

Sorry TOC, SMRT Feedback is right, “What’s not right is when you dish out xenophobic articles criticising foreigners working in S’pore but in the same breath hire foreigners.”

Look at the group photo here (See who attended TOC’s do) and wonder who else are hypocrites.

Bayee offends other Bayees

In Humour on 29/09/2019 at 3:00 pm

Bayee tells joke that upsets other Bayees.

Comedian Lilly Singh, who made the leap from YouTube to late night TV just last week, has apologised for an on-air joke that compared turbans to bath towels.

Some members of the Sikh religion, who wear turbans for spiritual reasons, were angered by her remarks on NBC.

On Twitter she apologised for the “painful” and “stupid joke”.

https://www.bbc.com/news/world-us-canada-49857361

Ownself offend own race. LOL.

Neighbouthood’s in a pretty good place

In Indonesia, Malaysia on 29/09/2019 at 5:11 am

The Philippines, Indonesia and Thailand are in a position to loosen fiscal and monetary policy, according to Pictet.

As is Tun’s M’sia, going by Pictet’s analysis.

China says it needs HK as a financial centre

In China, Hong Kong on 28/09/2019 at 7:00 am

OK, OK not China but the constructive, nation building People’s Daily: Xi’s answer to our ST.

In an editorial on September 16, the paper said that HK was irreplaceable for China because of its importance as an offshore renminbi trading hub, its rule of law, its role as a risk and wealth management centre and its place as one of the freest economies in the world.

Well you heard it from China’s ST, not from some CIA funded ang moh running dog ang moh media like the FT or Economist or NYT who have also said this. As by the way as does once cybernut hero Chris Kuan.

Why isn’t Terry Online’s Service taking stuff from him. Secret Squirrel tells me it’s because he tells it as it is. Terry only wants stuff that puts the PAP govt in a bad light, even if it means faking the facts: Why TOC’s Danisha Hakeem is a menace to the credibility of alt media. Btw, he’s a S’porean.

Sorry coming back to HK.

Financial aspects of protests

Attempt to bring down HK’s financial system fails: yet again

Why HSBC is really Hongkong Bank

Tourism is 40% down because mainlanders are not coming and Swiss cos are affected.

Where PAP is most vulnerable

In Economy, Financial competency, Political governance, Public Administration on 26/09/2019 at 4:50 pm

In PAP is like one armed swordsman,I said I’d talk more about the election goodies.

“Ownself fund ownself”

We know the PAP has been doling out the goodies. But remember it’s all from yr own money.

In 2018, I wrote

[O]ver 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.

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

In 2011 I wrote the following explaining how the money for our SWFs really came from us (When most probably Roy Ngerng was still wearing shorts and still coming to terms with his sexuality):

https ://atans1.wordpress.com/2010/11/02/how-we-fund-our-swfs/

https://atans1.wordpress.com/2010/11/19/property-sales-also-fund-our-swfs/

At the most, the PAP govt should be given credit for allowing S’poreans to spend more of our own money on ourselves. And even that was because in 2011, the voters gave the Pap an underwhelming ruling mandate to govern. And if not for Goh Meng Seng, his useful idiot Tan Kin Lian and Tan Jee Say (opportunists three), the PAP’s preferred presidential candidate would have lost to Dr Tan Cheng Bock.

So spread the word to those who think that they should be grateful to the PAP for the goodies that its our money the PAP is spending, but claiming credit for. Sadly, I doubt this will happen because cybernuts rather spread anti-PAP BS than the nuanced truth, even if the latter can persuade the PAP voters who think (about 35% of the voters: those who voted for Dr Tan Cheng Bock).

GST

In How PAP can win 65% plus of the vote, I pointed out that postponing the GST rise is the best to ensure a 65%+ share of the popular vote for the 4G leaders. But the 4G leaders think that the goodies doled out are sufficient for a 62% victory, if not more. (Btw, article lists most of the goodies)

Well this gives the Oppo a good chance to KPKB about the folly of increasing GST when the global and S’pore economy are weak, if not in recession (“Only cold spell coming, but not Winter,” says Heng). But will they do it? I have my doubts.

I’ll end with:

Countering PAP’s BS that taxes must go up

Welfarism the PAP way/ The last word on GST

which show that really the PAP govt doesn’t need the GST to fund future welfare spending.

 

 

PAP is like one armed swordsman

In Economy, Public Administration on 25/09/2019 at 6:10 pm

Or like a polo team or a golfer with good handicaps: giving away big handicaps but still winning big time all the time.

Let me explain. The PAP is going to into a general election with public transport rises in the offing*, the economy in recession and still not changing its mind on raising GST next yr at the earliest.

S’pore is forecast to dip into a recession (two quarters of -ve growth) in the current quarter ending Sept 30, say economists at Oxford Economics.

The economy is the worst hit in region amid spillovers from the US-China trade war, slower Chinese domestic demand and a downturn in the global electronics cycle, according to the latest ICAEW report published last Thursday.

Trade-dependent economies such as us, Indonesia, the Philippines and Thailand have been the most vulnerable to the ongoing global economic uncertainties.

We, in particular, has been the worst hit in the region. The affluent city-state saw its GDP contracting 3.3% q-on-q in 2Q19, while the other three countries have been growing below potential growth.


“Only cold spell coming, but not Winter,” says Heng

————————————————————————-

Meanwhile, M’sia (Dr M’s Chinese running dog fix the data?)and Vietnam have outperformed the region, with a modest deceleration in export growth and resilient domestic demand. Vietnam has been a key beneficiary of the trade diversion from the trade war, and is forecast to grow 6.7% this year.

In How PAP can win 65% plus of the vote, I pointed out that postponing the GST rise is the best to ensure a 65%+ share of the popular vote for the 4G leaders. But so far there’s no indication of this happening.

Yet it’s sure to win at least 62% of the popular vote and might even reduce Oppo to only Hougang: PAP confident of winning back Aljunied. Dr Tan Cheng Bock will only become a NCMP for all his efforts.

So it’s like one armed swordsman, a high goal polo team or a great golfer: can give Oppo a lot of chance and still thrash the likes of Mad Dog, Lim Tean and Meng Seng.

The PAP sure is confident that its bribes goodies will win it at least 62% of the popular vote. Fyi, in PAP fighting for every last vote, I list most of the goodies. More on the goodies tom.

Vote wisely.


*Someone on FB posted this

“Fare hike before GE so vote PAP out. No fare hike is election gimmick so vote PAP out.”

“PAP make mistake must be fabricated so vote PAP. PAP rectified mistake so vote PAP.”

 

 

 

MU: The real tragedy

In Footie on 25/09/2019 at 7:41 am

Not that the MU has had a terrible and difficult start to the season: losing two of its first six matches in the league and has already fallen 10 points behind leaders Liverpool. (Btw, can’t stop laughing that executive vice-chairman Ed Woodward said the primary focus was “winning trophies”, after it posted record annual revenues over the 2018-2019 season despite the team’s recent travails.)

The tragedy for the controlling shareholder is that MU predicted yesterday revenues would fall during this season for the first time in more than a decade, with chronic underperformance on the pitch limiting the future growth of its business.

The Palestinians and other Muslims are no doubt cheering MU’s current failures on the pitch because the controlling shareholder donates to Zionist causes in Israel and Palestine. If it fails to do well, he’ll have less money to donate.

Wonder what MU’s Muslim fans think? If it has any.

Brownfacegate: Fake indignation?

In Uncategorized on 24/09/2019 at 10:10 am

The BBC headline “Canada’s Justin Trudeau cannot say how often he wore blackface”* reminded of the time when Mad Dog put kiwi on his face and the anti-PAP cybernuts and ang moh tua kees juz looked the other way. But when organisations connected with the PAP had an actor do something similar, there was KPKBing.

Any real difference between Mad Dog’s face (below) and David Chew’s face (further below) when he got into trouble imitating an Indian? (Pix from Blackface Chee/ Tan Cheng Bock etc.). Note David Chew’s “Indian” skin tone is a a lot light than that of Mad Dog’s. And truth be said, lighter than that the two real Indians in the photo. Mad Dog was really brownfacing: to show solidarity with the two leading Indian oppo leaders?

So why didn’t the Nairs and their fellow cybernuts, and the ang moh tua kees KPKB earlier about what Dr Chee was doing? Could it be because David Chew was fronting a national project that involved organisations connected with the PAP govt, while Mad Dog is a hero for those who hate the PAP? Or maybe since Chee’s complexion was so dark, it amounted to “blackface”, not “brownface”, something I originally suggested.

More reason then for the minister to bite off the Nairs asses: Brownfacegate: Did you know Shanmugam also said this?

Btw, Indonesian riots prove minister’s point on zero tolerance of racist remarks?

And this Indian lady didn’t think the ad was brownface: Indian lady takes issue with charge that Nets ad was “brownface”.

All in all, it’s reasonable to conclude the Nairs and their allies were faking indignation. If there hero can do it, why can’t David Chew?


*He is probably the most politically correct political leader in power today, and the anti-Trump for Western progressives and the ang moh tua kees here who mindlessly ape them . So when no fewer than three images of him wearing blackface as a younger man surfaced, they and he have a big problem.

 

 

PR the Trump, US military way

In Uncategorized on 24/09/2019 at 4:13 am

There were fears thousands could storm Area 51 on Friday after a Facebook event urged people to raid the base.

The deleted tweet – by a PR arm of the US military, DVIDS – showed a photo of a stealth bomber, stating it would be the last thing raiders would see.

On Saturday the unit apologised, tweeting that an employee of its DVIDSHub account posted a tweet that “in NO WAY supports the stance of the Department of Defence. It was inappropriate and we apologise for this mistake.”

Haze: Clearing land without burning is very expensive

In Environment, Indonesia on 23/09/2019 at 11:26 am

Yesterday, the haze got worse. It was also the day I read an article in the Economist. Sharing what it wrote.

It just makes financial sense to clear land by burning it (Me rather than Economist):

Preparing land for plantations without using fire costs around [US]$300-400 a hectare, says Herry Purnomo of the Centre for International Forestry Research, which is based in Indonesia, whereas burning costs [US]$30.

https://www.economist.com/asia/2019/09/19/burning-forests-are-blackening-the-skies-of-south-east-asia

Btw, got to add to US$30, the cost of bribes:

In theory, using fire to do this is illegal, but the local officials who should stop it are easily bought off.

Clearing land by other means is juz dumb human thinking at work, Mr Spock would say (My tot: not Economist’s).

And that’s not all. Indonesian govt helps make cost of burning lower. The Indonesia govt doesn’t bother to collect fines it imposes on burners:

as of February, some [US]$220m in fines owed by plantation companies involved in past fires remained unpaid.

Because so cheap, so no wonder

In one district, according to Doni Monardo of the National Disaster Mitigation Agency, 80% of the fires appear to be intended to convert forest into palm-oil plantations.

Loos like nothing changed from 2015: Indon false pride and BS.

And btw, lol, Haze: PAP govt cares, they really do. So vote wisely especially if you are thinking of voting for Lim Tean’s gang.

He wants us to go to war with Indonesia. He wants us to deal directly with the Riau authorities. Indonesian govt would rightly see this as an infringement of its sovereignty. But then Lim Tean like this:n Whatever happened to Lim Tean’s defamation video? And his jobs rally? To be fair, sometime in early 2019, he delivered his video. It was BS and more than two yrs late.

“Pull the other leg Heng, it’s got bells on it”

In Uncategorized on 22/09/2019 at 5:41 am

I couldn’t stop laughing:

Singapore must address widening inequality, a growing intergenerational divide and deepening political polarisation so its people can weather global challenges together, said Deputy Prime Minister Heng Swee Keat on Friday (Sep 20).

These are issues which societies around the world face, and even though Singapore has “so far been spared the full force of these challenges”, the country is not immune to them, Mr Heng warned.

Read more at https://www.channelnewsasia.com/news/singapore/heng-swee-keat-singapore-summit-social-compact-inequality-11928276

I hope the SDP (I’m sure they will, because Dr Paul is a really smart boy from RI, unlike that Mad Dog from ACS) will come up with a riposte along the following lines:

WTF.

The PAP has been in power since 1957. And have always stressed that they, especially the ministers, are long term planners, who deserve their billions millions.

So we should have avoided growing intergenerational divide and deepening political polarisation that wannabe PM Heng is talking about. The long term planning of the millionaire ministers under the divine tutelage of one Harry Lee  should have seen to that since S’poreans have given the PAP the Mandate of Heaven since 1957.

Long-term planning? What long-term planning?

Competency? What competency?

The Truth from someone who sadly and misguidedly calls our Supreme Beloved Leader, Mad Dog Chee:

Economic restructuring: This time, it’s really different

Missed smartphone boom, planners thinking about 2025

Is PAP in “decline and disintegration”?

 

Haze: PAP govt cares, they really do

In Environment, Public Administration on 21/09/2019 at 9:41 am

Singapore – with a population of less than six million – reportedly has a national stockpile of 16 million disposable masks

https://www.bbc.com/news/world-asia-49737216

Vote wisely.

No reason for “P” (where “P” stands for “Politician”) Ravi to stir the pot like he did yrs ago when there was a really bad spell of haze and he kanna whacked real hard: P Ravi’s reposting: What the govt should have done.

Btw, PAP missed a trick. P Ravi shows how PAP govt policies when he was young helped him: The real Ravi Superhero.

Infamous Nairs sure to say “F*** Chinese” again?

In Uncategorized on 20/09/2019 at 1:50 pm

I’m sure Preetipls and her rapper brudder will be upset with one of the recommendations (words highlighted in blue) on physical activities made by the UK’s chief medical officers. They are easily upset by perceived racial slurs: Indian lady takes issue with charge that Nets ad was “brownface”.

Related post: Brownfacegate: Did you know Shanmugam also said this?

For over-65s

  • some physical activity is better than none
  • on two days a week, activity to improve muscle strength, balance and flexibility, including Tai Chi, dance, bowls and aqua-aerobics
  • each week, 150 minutes of moderate-intensity aerobic activity, building up gradually
  • break up prolonged periods of being sedentary with light activity when possible, at least with standing

https://www.bbc.com/news/health-49609597?intlink_from_url=https://www.bbc.com/news/health&link_location=live-reporting-story

Thinking out loud: maybe they are juz members of the “Indians tua kee, the other races juz don’t realise it” movement?

 

More stupid stuff from “Wake Up, S’pore”

In Uncategorized on 19/09/2019 at 11:22 am

Further to With enemy like this, any wonder if PAP will win big in GE 2019, no wonder PAP wins big always with really dumb people trying to talk cock, sing song.

That yr PAP won 75.3% of the popular vote. So in citing the 88% number, these clowns are saying that they voted for him alone, not the PAP? Now that is stupid.

And do they know his opponent was from the Democratic Progressive Party. Ever heard of this party: another bunch of injun chiefs without injuns? Benjamin Pwee resigned as leader to join the SDP recently.

Dr Tan’s near victory in PE is a better test of his popularity. Tan Kin Lian (manipulated by Goh Meng Seng) and Tan Jee Say fixed him : opportunists three.

The real reason why the PAP fears Dr Tan Cheng Bock

I’ll end by quoting what these clowns put up the day before yesterday:

Wake Up, Singapore is 6! Founded in September 2013, we have been active in shaping the political scene. We are a community of young activists looking to bring alternative voices to the major issues in Singapore and around the world. We are also advocates for reform and social justice and we often delve into controversial topics the mainstream media is afraid of telling. If you believe in this vision, like and share our content and help us reach 100k likes!
www.wakeupsg.com

Some cybernut said that they survived is good enough.

Ever tot with the stuff that they pot up, the PAP is happy to have them as enemies? Like it’s happy to have Meng Seng and Tan Kin Lian as oppo noise.

Helium: ‘Prices just keep going up and up’

In Uncategorized on 19/09/2019 at 4:15 am

Prices for helium gas have surged because there’s a global shortage of the gas.

A UK seller of party balloons tells the BBC that  the cost of the helium he buys has risen three times this year, between 8% and 10% each time.

The gas is also essential in medicine, electronics and deep-sea diving.

For example, it’s crucial in the magnetic resonance imaging (MRI) scans that doctors use to get detailed images from inside patients.

It’s also important in deep sea diving and in scientific research, as well as for the production of computer chips and liquid crystal displays such as TV screens.

https://www.bbc.com/news/business-49715838

Fairprice cares, it really does

In Uncategorized on 18/09/2019 at 11:05 am

Either that or maybe PAP now thinks that it has not got 65% of the votes in the bag? (Why PAP aiming for 65% of the popular vote)

Yesterday late morning, I posted NTUC Fairprice: Cock-up or no more discounted lunches?, speculating that maybe Fairprice was trying hard not to give Pioneer Gen members like my mum, the benefit of a 5% rebate. Despite being told in mid August that a Fairprice card would be sent, nothing had yet come.

Well, this early this morning when I opened the mail that came late yesterday evening, there was a Fairprice card. The question remains: Why wasn’t it mailed out before 1 August when NTUC stopped allowing the use of ics to verify its membership cards?

 

Apple v Samsung v Huawei

In Uncategorized on 18/09/2019 at 4:02 am

Apple is upmarket

A survey in US of slightly more than 10,000 consumers said

10 per cent of consumers in the market for a new iPhone were willing to pay $2,000 for a top-range model. A quarter were willing to pay more than $1,800.

Huawei is cheap and cheerful and has in the last few yrs overtaken Samsung.

Samsung is stuck in between. Neither an aspirational brand, nor a cheap, cheerful brand.  And btw, it’s QC sucks: And Samsung wants to sell folding phones?.

Maybe because its phones are made in Vietnam: Vietnam: Where yr Samsung HP comes from?

NTUC Fairprice: Cock-up or no more discounted lunches?

In Uncategorized on 17/09/2019 at 11:10 am

(Update at 10.40am on 18 Sept: Card arrived yesterday evening. Someone read the post and sent card ASAP LOL)

Fairprice’s plan to charge for plastic bags (see below) reminded me of a really dumb Fairprice move recently that affects elderly S’porean members who are not union members.

My mum who is in her 90s was told that she could not use her Fairprice co-op membership card (5% discount payable at the end of the yr) because Fairprice can no longer scan her ic because of data protection laws. She was told to get an OCBC NTUC debit card.

Getting that card is not an issue because she has accounts with OCBC. Problem I realised was that that card was only issued to NTUC members which she is not. (Once upon a time, S’poreans could join Fairprice, a co-op, without being NTUC members. My mum was a pioneer member and btw just sighted her ownership certificate while doing housekeeping.)

When I was at a major Fairprice outlet, I went to the info counter to enquire about the matter. After a really painful conversation (Partly because the Pinoy lady was in real pain: I told her to see doctor. She replied that she had just returned from the clinic.), I was given a number to ring.

I called and was told that a special card would be posted to her identifying her to checkout staff as a Fairprice co-op member. It’s been three weeks, still no card, and I threw away the telphone number. As the lady couldn’t answer my query why the card was not sent to her before 1 August (date NTUC stopped scanning ics), I can now only assume the cards are not ready yet. Will they be ready by GE?

Why this when it’s trying real hard to keep S’poreans (especially the oldies) happy with the PAP? Examples:

Merdeka Generation: PAP cares for u, really they do

Groceries: PAP cares for u, really they do

Maybe PAP thinks that it has 65% of the votes in the bag? ( Why PAP aiming for 65% of the popular vote)

Or maybe because Seah Kian Peng took his eye off the ball. He juz got promoted and someone made “an honest mistake” depriving members of a 5% rebate without his knowledge.

For Pioneer G and Merdeka Gen Fairprice members, they can get up to 8% off . But maybe taz the problem. PAP and Fairprice think these people are getting close to free lunches, shumething only meant for millionaire ministers and NTUC tua kees?

Vote wisely.

———————————————————————————-

From Sept. 16, shoppers should bring their own reusable bag, or be prepared to pay extra for plastic bags at some FairPrice and Cheers outlets. in a month-long trial.

  • FairPrice Xtra at Hougang One
  • FairPrice Finest at Zhongshan Park
  • FairPrice at Tai Seng
  • FairPrice Xpress at 384 Lorong Chuan
  • Cheers at 1 Create Way
  • Cheers at 1 Anchorvale Street
  • Cheers at 611 Aljunied Road

This “No Plastic Bag” trial is part of FairPrice’s Plastic Bag Management Programme launched in 2018, which aims to save 30 million plastic bags annually by 2030.

Along with the announcement of the trial, FairPrice also launched a S$1 million FairPrice Sustainability Fund.

Plastic bags remain available for use at S$0.10 per transaction at the selected Cheers and FairPrice Xpress stores, and at S$0.20 per transaction at the other participating FairPrice stores.

The proceeds will go to the Singapore Children’s Society and the Straits Times School Pocket Money Fund, FairPrice said in the media release.

There was a better scheme once upon a time:

Guess u don’t bring yr own bag to NTUC to save the planet and money.🤣 I do and “The FairPrice Green Rewards scheme, which was introduced in 2007, offers customers a 10-cent rebate when customers BYOB with a minimum spend of $10.”😜

Ang moh tua kee doesn’t shop at NTUC

I once bot stuff, telling the gal I didn’t want a bag. But as the stuff came to $9.60, she asked if I wanted a bag. I laughed saying “No”.

 

 

 

 

Higher oil prices and regional economies

In Currencies, Economy on 17/09/2019 at 4:11 am

Regional currencies will weaken again US$. Trump will not be happy.

The probability or possibility (?) of weaker economic activity due to stronger prices oil should mean that our central bank is likely to allow the S$ to weaken. Meanwhile, central banks such as those in South Korea and Thailand are more likely to cut interest rates, weakening their currencies, analysts pointed out.

Analysts at Citi said because of Indonesia and India’s current account deficits and reliance on crude imports, the currencies of Indonesia and India were among those most exposed to oil shocks,

HK: Trumpets pls/ Next prediction

In China, Hong Kong on 16/09/2019 at 7:25 am

I got this right.

Last week, in HK: Who Beijing really blames for the protests and riots, I wrote

Morocco Mole (Secret Squirrel’s side-kick) says that his second cousin twice removed in the CCP Central Committee says that Xi is planning to make these tycoons make big public donations (billions of dollars) to the HK govt which will use the money to do things like build cheap (not “affordable”) public housing. Remember you read of this first here.

On Saturday, the People’s Daily (China’s ST) demanded that the HK tycoons show their sincerity instead of “hoarding land for profit and earning every last penny”. All in all, there were separate editorials in three major constructive, nation-building state-owned media outlets attacking the property tycoons. They all suggested that HK authorities seize undeveloped land and use it to build more housing. Fyi, they are so powerful that the HK govt was planning to reclaim land from the sea to build public housing on, because the tycoons did not want building on vacant land state land.

My next prediction is that before 1 October, the tycoons will make a huge gesture and, for them expensive, on cheap housing to placate Beijing and, hopefully, the protesters. Remember that 1st October is an important date in Xi’s calender.

On that day, Beijing will be hoping to project an image of national strength and unity with a military parade through the city to mark 70 years since the founding of the People’s Republic of China.

https://edition.cnn.com/2019/09/14/asia/china-hong-kong-october-1-intl-hnk/index.html

And the HK protesters are planning a big do to spoil Xi’s big day in Beijing. They aim to grab the attention of the ang moh media who live by “If it bleeds, it leads”, preferring to showing scenes of violence rather than boring march-pasts of of tanks and missiles.

————————–

Financial aspects of protests

Attempt to bring down HK’s financial system fails: yet again

Why HSBC is really Hongkong Bank

Tourism is 40% down because mainlanders are not coming and Swiss cos are affected.

————————————————————-

Meanwhile, both sides are aware of the 800-pound gorilla in the room: US Cavalry riding to rescue HK from chief Xi?

Finally, Who is the superhero of protestors and short-sellers?

Case for “moral policing”

In Uncategorized on 15/09/2019 at 2:00 pm

Ezekiel Mutua, the chief executive of the Kenya Film Classification Board (KFCB)

censors films, songs, and television adverts which feature sexualised content and same-sex relationships.

BBC

He doesn’t like being called censor but is happy being called a “moral policeman”

[T]he former journalist, who is a devout Christian, objects to being called a censor.

“Censorship connotes some dictatorial and colonial tendencies,” Mr Mutua says.

He is more comfortable with the moniker “moral policeman”, though it took him a while to embrace it.

unrepentant about his decisions, saying children are given “weird” perceptions of life by people who “introduce things that are foreign to Kenya’s culture and undermine the family unit by saying a man and another man can form a family”.

He argues that central to his work is the protection of children from harmful content such as nudity, foul language, obscenity and violence.

https://www.bbc.com/news/world-africa-46371971?intlink_from_url=&link_location=live-reporting-story

(Emphasis mine)

Indons thrash us, Viet Kong catching up

In Indonesia, Vietnam on 15/09/2019 at 10:46 am

Where’s M’sia and Thailand?

Two diet drinks a day = dying young

In Media, Uncategorized on 14/09/2019 at 1:38 pm

Recently, a health story about fizzy drinks was widely shared online in the UK.

Some of the newspapers went big with a study – which claimed two diet drinks a day could be linked to people dying young. These papers – including the Daily Mail – report on a major study linking diet drinks with an increased risk of dying early.

The research, which looked at more than 450,000 people across Europe, found that death rates from any cause were 26% higher among people who consumed two or more diet drinks a day, compared with those who had less than one a month.

The reasons are unclear, but previous studies have suggested that artificial sweeteners can trigger glucose intolerance and higher insulin levels in the blood.

The truth is more nuanced

https://www.bbc.com/news/newsbeat-49579380

M’sia boleh: Growing bamboo on Mars

In Malaysia on 14/09/2019 at 10:38 am

According to Dezeen, an architecture and design magazine, M’sian designers Warith Zaki and Amir Amzar have designed a “colony” made from bamboo that would be grown on Mars and woven into pod-like structures by robots..

“Bamboo alone might not work in the extreme climate conditions on Mars, but with a combination of technology and other materials, there would be possibilities,” they said.

What Tun planning to go one up on Xi (Chink on the moon) and Modhi (Soft landing on the moon) with a mission to Mars that will seed the planet with bamboo shoots?

HK: Who Beijing really blames for the protests and riots

In China, Hong Kong on 13/09/2019 at 3:04 pm

Chinese officials and their running dogs have publicly blamed the West (CIA. MI6, etc etc) for instigating the ang moh tua kee Hongkies.

The int’l press meanwhile have been highlighting that the local tycoons had been assuring Beijing that all was well: focusing on the big picture economic numbers and gliding over or misrepresenting awkward data like the declining affordability of housing*. They also reported that Beijing officials were privately grumbling about being misled by local tycoons.

So it was interesting that when the Economist and the NYT recently interviewed Ren Zhengfei, Huawei’s founder: he said he thinks that Honkie tycoons were “too greedy”

Asked about the unrest in Hong Kong, the Huawei boss voices aloud a criticism that other members of the mainland elite normally voice in private: that the tycoons who dominate the former British colony have been too greedy over the years. “The issue in Hong Kong has been caused by extreme capitalism. The four major families have made enormous amounts of money,” he says, detailing how the same few property magnates control the economy down to its humblest newspaper kiosks and coffee shops. “A lesson we are learning from the current situation in Hong Kong is that the divide between the rich and poor shouldn’t be too large,” he says.

https://www.economist.com/china/2019/09/12/huaweis-founder-defends-deng-xiaopings-chinese-model

Morocco Mole (Secret Squirrel’s side-kick) says that his second cousin twice removed in the CCP Central Committee says that Xi is planning to make these tycoons make big public donations (billions of dollars) to the HK govt which will use the money to do things like build cheap (not “affordable”) public housing. Remember you read of this first here.


*Bit like grassroot leaders telling PM and his millionaire ministers that the grumblings of people like me between 2007 and the calling of GE 2011 was “juz noise” and didn’t reflect reality: voters were happy with the PAP. As PM admitted, he and his ministers realised the truth during the campaigning and he apologised: BG Yeo wants to lead Opposition within the PAP?.

Election manifesto of Spastics League?

In Uncategorized on 13/09/2019 at 10:59 am

Many moons ago, I wrote My predictions about Spastics’ League, predicting that Mad Dog’s attempts to manipulate Dr Tan Cheng Bock to unite the SDP and a bunch of injun chiefs without injuns (Think Lim Tean, Meng Seng, Desmond Lim, s/o JBJ and that ex-convict whose name eludes me) into a credible Oppo coalition was bound to fail. Wasn’t I right? Trumpets please. Oh, I also wrote False Hopes: Coalition of the Spastics.

Well, recently I read in TRE the following which I commend to Mad Dog as the manifesto on which his Coalition of the Spastics should fight the next GE.

What do you think?

In lieu of a coalition of opposition parties

As the GE is well nigh upon us but no coalition of the opposition parties seems to be in sight, let me propose a solution.

I will list here below what I feel are nine important policies that voters want.

I propose that opposition party leaders:
– sign on to at least six of them,
–declare which they are signing on to, and
–promise to form a coalition government with all other opposition parties that also sign on to at least six of these policies.

To be implemented in the first 100 days of a new coalition government, these policies are as follows:

1) All HDB flats will be turned into freehold assets.
2) All CPF monies will be withdrawable at or after the age of 55 years.
3) All citizens will have free public transport on MRT, LRT, and buses.
4) All citizens will have free medical care under a National Health System.
5) All citizens will have a guaranteed minimum wage.
6) All citizens will pay no GST.
7) All ministers and all civil servants will have salaries that cannot exceed $300,000.00 a year.
8) All vehicles will no longer require COEs.
9) All GRCs will be disbanded in favour of only SMCs by the following GE.

Andy Hur

Even a hardcore cybernut Harder Truths posted

I also want a free trip to Disneyland. Also a house in Nassim Road.
Before you promise all this tell me how it can be done please.

Sensible chap opposition dude      

Getting the opposition parties to agree to certain issues like the cost of living and the number of aliens being let in is easy, the hard part is getting them all to agree on how these issues should be tackled.

Party A might want to do things a certain way and party B another way. A and B don’t agree with each other so therefore no coalition. And WP does not want to be buddies with anyone else so that is another problem.

Now suppose SDP and PSP really do form a coalition and they are successful in being voted in. They might, in the long term, get other opposition parties to join their coalition and continue on from there.

The best solution now is for a strong enough opposition to challenge PAP for half the seats so as to at least force PAP into a coalition government. The kiasees definitely would prefer another party to run the place rather than a coalition because to them, a coalition always has the chance of being split up should they not agree.

Problem is that there are so many wannabe MPs (Think P Ravi, Lim Tean, Goh Meng Seng, Tan Kin Lian etc etc.) Going by the chop system Lim Tean will have no wear to piss. Even if all the seats are contested, not all the known spastics can stand. And Lim Tean will not be able to contest if Tan Jee Say’s gang decides to fight in all the areas they last contested. Remember you first heard this first

Btw, I don’t think Dr Tan Cheng Bock and his dwarfs will have a problem finding a GRC to contest despite the chop system. The injunless injun chiefs won’t dare deny him a GRC to contest. They know in a three way fight, they’ll lose their deposits. But in turn, he knows, he can’t compete in areas where the SDP and WP have marked out.

As to only testing half the seats, in 1991 this only happened because Saint JBJ couldn’t find another bicycle thief or another ex-Woodbridge patient to stand.

With enemy like this, any wonder if PAP will win big in GE 2019

In Uncategorized on 12/09/2019 at 10:40 am

First world country, third world election system.
http://www.wakeupsg.com
source: http://www.fundalib.org/wp-content/uploads/2018/01/IMLE2018.pdf

Wake Up, Singapore (A very anti-PAP group)

“Pull the other one – it’s got bells on”.

Can’t stop laughing because in Afghanistan and Iraq people get killed attending political rallies or when voting. These guys saying that this happens here?

Don’t they ever stop and think?

Oh wait, they really think people get killed here but that it’s not reported by TOC, the Voice of the Cybernuts and their favourite publication.

That then raises the question why their organ is so pro-PAP in not reporting the killings?

Seriously anti-PAP paper warriors and real-life acxtivists sure like to “Ownself sabo ownself”.

Don’t believe me? Read

“Antics Of Civil Society Activists Endanger Opposition Cause”

Where’s yr defamation video and jobs rally Lim Tean?

TJS should listen to the Toilet Man

Why the PM doesn’t need friends

Anti-PAPpies want Kim to nuke S’pore isit?

GG crashes: new Indian chief needed?

Meng Seng: fake news propogator

“Licking the ass of the enemy of my enemy”

Nuff said? With enemies like these guys, the PAP will rule S’pore for ever and a day.

Vote wisely.

Eat yr heart out, HK doomsters, hedgies

In China, Hong Kong on 12/09/2019 at 4:11 am

The Chinese are buying HK shares. Better still state-owned cos are suspected to be doing much of the buying at the behest of Xi.

Since the start of the year, net purchases of Hong Kong stocks by mainland Chinese investors had reached almost HK$160bn ($20bn) by the close of the market last Friday. This is almost double net inflows of HK$82.7bn for all of 2018. The buying was made through stock connect programmes of the Shanghai and Shenzhen stock exchanges.

Related posts:

Attempt to bring down HK’s financial system fails: yet again

Hedgies con trick unravels

US Cavalry riding to rescue HK from chief Xi?

In China, Hong Kong on 11/09/2019 at 10:37 am

Or to be a lot more accurate, will the US Congress pass “Hong Kong Human Rights and Democracy Act”?

The proposed bill would allow the US government to place sanctions on Chinese officials who “suppress basic freedoms” in Hong Kong and would require it to regularly certify the city’s “high degree of autonomy” in order for it to continue to enjoy preferential trade and investment policies not available to mainland China.

Last weekend, there was the usual massive peaceful protest followed by small scale but very violent riots. HK protesters were marching, asking the US congress to pass the above act. Many of the marchers, from elderly retirees, young families and students, carried US flags, or placards bearing the face of Donald Trump to call on the him to support them.

————————————————————————————–

How Hongkies justify flying US flag

The US flag is about freedom and bravery,” said one, a 30-year-old who gave his name as Peter. “It’s not about supporting the US government, it’s about the value behind the flag no matter who the US president is at the time. The flag and the freedom doesn’t change.

Quote from FT

Tun manufacturing another row to stir his anti-PAP S’porean fans?

Btw, carrying placards with The Donald’s face on them is a smart way of currying his favour. He can tell Xi, “I’m more popular then you in Hong Kong.”

—————————————————————-

The US Congress will return this week after its summer recess. The Hong Kong bill has widespread bipartisan support.

China’s leaders must either respect Hong Kong’s autonomy and rule of law or know that their escalating aggression will inexorably lead them to face swift, severe and lasting consequences from the United States and the world. Today, that choice is theirs.”

Marco Rubio, a former US presidential candidate and co-sponsor of the bill.

Another example of the Americans’ attitude: Americans and Chinese lay down the law to HK

 

 

 

 

 

Good news for S’pore, PAP

In Economy on 10/09/2019 at 1:33 pm

No wonder the PAP will be calling a GE soon (Btw, trumpets pls: Written last yr saying GE in late 2019 – Akan datang: GE in late 2019 and Double confirm GE in 2019: Free lunches for two yrs for KPKBing hawkers)

The recent news that Dell and HP sales were lifted by PC sales is also good news for us and the PAP given that we are part of the Microsoft ecosystem (Missed smartphone boom, planners thinking about 2025 and When economy slows, not nec it’s ’cause FT supply ltd) not the Apple Apple/ Google  ecosystem: S’pore not part of Apple’s ecosystem.

Last week Dell’s latest quarter was boosted by strong sales of laptop and desktop computers, driving profits beyond expectations PC business posted record second-quarter revenue of U$11.7bn, a 6% gain year-over-year, as strength in sales to businesses offset weaker revenue for the consumer side.

The week before Rival HP also reported amid commercial demand. HP’s personal systems net revenue rose 3 per cent during the company’s fiscal third quarter, while total units grew 5%.

Btw: Impt of electronics to S’pore and rest of Asean

 

Tun manufacturing another row to stir his anti-PAP S’porean fans?

In Malaysia on 09/09/2019 at 2:51 pm

And distract M’sians from local problems? Like the haze, cabinet infighting and ebbing support from Malays for his personal party?

Tun and his Chinese lackey discriminating against us to cause trouble between the countries and among S’poreans isit? Why liddat? They know people like Goh Meng Seng and Terry (Or rather one of his India-based writers) of Terry”s Online Channel sure to take side of M’sia whatever the facts: What Meng Seng and TOC don’t tell us about dispute with Tun and “Licking the ass of the enemy of my enemy”.

As will PJ Thum, Kirsten Han and Jolovan Wham (Nothing wrong in asking Tun M to intervene in S’porean affairs)


How Hongkies justify flying US flag

PJ, Kirsten Jovolan and Meng Seng can use this reasoning to wave M’sia’s flag and support Tun

The US flag is about freedom and bravery,” said one, a 30-year-old who gave his name as Peter. “It’s not about supporting the US government, it’s about the value behind the flag no matter who the US president is at the time. The flag and the freedom doesn’t change.

Quote from FT

They can ignore that that there official discrimination of Chinese and Indians in M’sia.

————————————————————

Waz the latest row all about?

Our transport ministry will “consider the appropriate response” if M’sia applies its Vehicle Entry Permit (VEP) requirement only on Singapore-registered vehicles, MOT said last Friday.

In April, M’sia announced that all foreign vehicle owners coming into the country through land borders will have to register for a VEP starting October. Only VEP-registered vehicles will be allowed entry into M’sia.

The VEP would be implemented in stages, starting with vehicles entering from S’pore through Bangunan Sultan Iskandar and Kompleks Sultan Abu Bakar, Johor. Fair enough as most of this traffic from other countries is from S’pore.

The second and third phases will eventually include all land borders connecting Thailand, Brunei and Indonesia to M’sia. Fair enough because there’s minimal traffic from these countries.

But last Monday, Tun’s Chinese running dog from the DAP Transport Minister Anthony Loke was quoted by Sin Chew Jit Poh as saying that his ministry was still studying how to implement the VEP at these other borders.

Sounds like we are being discriminated against.

It is not clear from Mr Loke’s latest comments whether the VEP will be implemented at the land borders with Thailand, Indonesia and Brunei, and how much later, said MOT.

“If Malaysia’s VEP requirement is only applied on Singapore-registered vehicles, we will consider the appropriate response,” MOT said in its statement.

Read more at https://www.channelnewsasia.com/news/singapore/malaysia-vep-requirement-travel-singapore-vehicles-checkpoints-11880714

 

Media Literacy Council? What Media Literacy Council?

In Media on 08/09/2019 at 4:44 pm

Update on 9 Sept 4.45am and 5.50am:

MLC raises white flag by deleting BS infographic, but refuses to admit it made an “honest mistake”. It implying that it made a “dishonest mistake” i.e. it published fake news.

The Media Literacy Council (MLC) has apologised for a Facebook post featuring a graphic that described satire as a type of fake news and got netizens up in arms for being fake news itself.

ST

This really BS

In a statement on Sunday, the MLC said it acknowledged that its post and infographic had given the wrong impression that satire was fake news, which was not the intent.

“We are sorry for the confusion and will review our material,” it added.

“The wrong impression”? “What wrong impression”? The heading of the infographic was “Types of Fake News”.

Note the infographic was put up on Thursday and only removed sometime on Sunday. And minister Shan emphasised the need for speed to remove fake news when he defended the draconian measures in POFMA.

Post published before the latest BS follows.

——————————————————

More like Media Illiteracy Council

I kid u not. The Media Literacy Council calls ‘Clickbait’ and ‘Satire’ types of Fake News.

This is a complete balls-by the MLC. Even after reading their attempt to explain (See below). The very draconian fake news law (POFMA) specifically excludes satire.

Other balls-op over the yrs:

Media Literacy Council doesn’t think words matter?

Why MLC has to talk about Calvin

“Hate speech”: MLC chair ignores judge’s comments

Media Literacy Council doesn’t think words matter?


Calvin Cheng is no dickhead

Btw, while most of the above links might be seen as me not having a high opinion of Calvin Cheng, actually, he can be sensible. LOL.

Where I agree with him.

Fake news the TOC way/ History is very complicated

HIV data leak: Calvin Cheng is right again

Kee Chiu Cybernuts who want to migrate to Bangladesh

When being a minister turns from a calling into a job for life

————————————————

The following was added on Monday at 11.30am so that MLC’s readers are aware of MLC’s initial defence:

In a Friday night comment … the MLC said it understood concerns regarding including satire as fake news in relation to Pofma.

It explained that while Pofma defines a falsehood as a statement of fact that is false or misleading and does not extend to opinions, criticisms, satire or parody, the examples in the kit represent other possible scenarios in which Fake News can be spread.

These include clickbait articles that make exaggerated claims, or instances of people being fooled by a satirical article in which the irony or humour is not readily apparent, said MLC.

ST

Bot I ask again so why title the infographic: “Types of Fake News”? A “dishonest mistake” to misrepresent?

“Clickbait” and “Satire” should have been classified as “Potential sources of fake news”.

Media Illiteracy Council rather than Media Literacy Council.

Go vegan, become stupid and die of stroke

In Uncategorized on 08/09/2019 at 11:06 am

Albeit got less chance of getting heart disease. Worth the trade off to be woke?

People who eat vegan or plant-based diets should ensure they are getting enough of a key, but little-known, brain nutrient, say experts.

https://www.bbc.com/news/health-49509504?intlink_from_url=https://www.bbc.com/news/health&link_location=live-reporting-story

And

People who eat vegan and vegetarian diets have a lower risk of heart disease and a higher risk of stroke, a major study suggests.

They had 10 fewer cases of heart disease and three more strokes per 1,000 people compared with the meat-eaters.

The research, published in the British Medical Journal, looked at 48,000 people for up to 18 years.

https://www.bbc.com/news/health-49579820

 

 

China, the copy cat

In China, Currencies on 08/09/2019 at 4:23 am

China’s central bank has been working on its very own crypto-currency, which is close to being unveiled.

What is interesting is that the Chinese are saying that it will bear a similarity to Facebook’s Libra virtual currency.

Consumers will be able to use it to pay for things on major mobile payment platforms like Alipay and WeChat, Mu Changchun, deputy director of the People’s Bank of China’s payments department told Reuters.

The aim is for the tokens of this crypto-current to be as safe as paper money issued by the central bank, and can be used even without an internet connection.

Facebook announced in June that it planned to launch its own global digital currency. Since then there has been KPKBing from regulators, bank chiefs and politicians. They are afraid it will be difficult to regulate.

Another example of Chinese copying. When I posted this, Sci-fi can help defeat the PAP?, a sci-fi fan said that the Chinese Sci-fi story mentioned was nothing more than a rip-off from an ang moh story. Sad.

Hedgies con trick unravels

In Financial competency on 07/09/2019 at 1:37 pm

Investors pull money from hedge funds at fastest pace since 2016

Rebound in returns this year has not stopped clients punishing managers for weak 2018

FT headline

“It is the best returns the industry has broadly seen in almost 10 years, but it is still below an equal-weighted equity and bond benchmark”, said Peter Laurelli, the head of research at eVestment.

 

Btw, HK Monetary Authority beat the crap of George Soros in 1998 after he screwed Tun: Attempt to bring down HK’s financial system fails: yet again

 

China: “Do unto others as you would have them do unto you”

In Indonesia, Vietnam on 07/09/2019 at 4:21 am

The United States should learn how to behave like a responsible global power and stop acting as a ‘school bully’. As the world’s only superpower, it needs to shoulder its due responsibility, and join other countries in making this world a better and more prosperous place. Only then can America become great again.

Chinese’s official Xinhua news agency said recently about the US imposition of more tariffs.

Bit rich of China to say this because the same could be said of China in its relations with Vietnam, the Philippines and Indonesia over its territorial disputes with these countries. Example: this is what happened when a Peenoy who loves licking Xi’s ass raised PinoyLand’s dispute with Xi

Duterte admitted on Wednesday, September 4, during a press conference in Malacañang that he fully expected Xi to reiterate their rejection of the arbitral ruling and he had no alternative strategy for such a scenario.

‘Yan ang problema nitong mga yawa na ito sige tanong, ‘Go to China’ ganon. Nandoon na nga ako ilang beses na eh. Baka sabihin pa ni Xi Jinping, ‘Putang ina sampalin kita. Ilang beses na kita sinagot? Sinabi ko na sa iyong amin ‘yan.’ Kasi kung ako tanungin mo, ganon ang sagutin kita,” said Duterte,

(That’s the problem with these foolish critics who keep saying, ‘Go to China.’ I was there many times already. Maybe Xi Jinping will say, ‘You son of a bitch, I’ll slap you. How many times have I answered you? I already said that sea is ours.’ Because if you ask me that question, that’s how I would answer you.)

Xi, according to Duterte, responded to his “reiteration” of the arbitral award by saying, “We will not budge.”

https://www.rappler.com/nation/239397-duterte-knew-raising-hague-ruling-west-philippine-sea-with-xi-futile

Sci-fi? U$20bn plan to power S’pore with Oz solar

In Energy, Indonesia, Infrastructure on 06/09/2019 at 1:27 pm

What is this Oz man smoking?

‘Just a matter of when’: the $20bn plan to power Singapore with Australian solar

The desert outside Tennant Creek, deep in the Northern Territory, is not the most obvious place to build and transmit Singapore’s future electricity supply … The developers say it will be able to provide one-fifth of the island city-state’s electricity needs, replacing its increasingly expensive gas-fired power …

Sun Cable’s chief executive, David Griffin, is bullish about the possibility of his company helping power Singapore from the outback in less than a decade.

He says the project will use prefabricated solar cells to capture “one of the best solar radiance reserves on the planet”. But he says the major transformation that makes the farm possible is the advent of high-voltage, direct-current submarine cable, which he describes as the “greatest unsung technology development”. Sun Cable’s underwater link to Singapore will run 3,800km.

“It is extraordinary technology that is going to change the flow of energy between countries. It is going to have profound implications and the extent of those implications hasn’t been widely identified,” Griffin says.

“If you have the transmission of electricity over very large distances between countries, then the flow of energy changes from liquid fuels – oil and LNG – to electrons. Ultimately, that’s a vastly more efficient way to transport energy. The incumbents just won’t be able to compete.”

Sun Cable’s backers believe Singapore, as a well-regulated electricity market that runs mostly on gas piped from Malaysia and Indonesia and shipped as LNG, is ripe for competition.

https://www.theguardian.com/environment/2019/jul/14/just-a-matter-of-when-the-20bn-plan-to-power-singapore-with-australian-solar?fbclid=IwAR0hyiT_gNgXdKpA2CeSweuQCyrpKyIPO6TINQcm4K4tfJnuMhyfNXfJLak

Coming back to “What is this Oz man smoking?” He’s smoking what TRE’s Oz-based funder and grave dancer, and his fellow anti-PAP cybernuts are smoking. Oxygen and the other cybernuts are shouting themselves hoarse that the Spastics’ League will defeat the PAP at the next GE.

But there’s still hope for Oxygen and his fellow cybernuts. After the PAP wins the next GE convincing: Sci-fi story predicts S’pore after next GE?. 

I’ll end with this which helps explain why cybernuts are the way they are:

Change blindness refers to the phenomenon in which viewers fail to detect (sometimes surprisingly dramatic) changes to a visual scene. One way of demonstrating this effect is through a procedure called a “flicker paradigm” in which two very similar scenes alternate, with a few discrepancies between them. Detecting changes in a flicker paradigm is such a surprisingly difficult task that when a team of psychologists led by Ronald Rensink first tried to publish research on the topic in the mid-90s, their results were initially rejected by peer reviewers as impossible. In other words, the fact people could be change blind was so counterintuitive that even visual scientists were inclined to doubt the reality of the phenomenon.

Today, change blindness is an established part of cognitive psychology. Scientists have even introduced the term change blindness blindness to refer to the fact that people tend to be ignorant of their change blindness.

https://atans1.wordpress.com/wp-admin/post.php?post=47371&action=edit

 

 

Russians need our maths syllabus

In Uncategorized on 06/09/2019 at 4:28 am

Several months ago, Russian police said they arrested 30 people out of the 350 people they said had come to protest in Moscow. Riot police arrested 685 people according to monitoring group OVD-Info. So more people arrested than protesters?

Someone can’t count isit?

Temasek’s US$800m investment in obscure Google unit

In Indonesia, Temasek on 05/09/2019 at 1:19 pm

In 2017, Verily secured U$800m from Temasek in exchange for a “minority stake” (Que the usual KPKBing from TOC and other cybernuts). Funny, they very quiet when earlier this year, Silver Lake (tua kee private equity tech investor) and Ontario Teachers’ Pension Plan (tua kee savvy investor) invested US$1bn for “minority stakes” in Verily.

What is Verily?

Verily is Alphabet Inc.’s research organization devoted to the study of life sciences. The organization was formerly a division of Google X, until August 10, 2015, when Sergey Brin announced that the organization would become an independent subsidiary of Alphabet Inc.

Wikipedia

It made $ in 2016: https://www.vox.com/2016/4/13/11586102/verily-alphabet-profitable. Nothing heard since then.

It is, often through partnerships with healthcare companies or universities, using health data for clues that might predict and prevent diseases. Tools it uses include search, AI, cloud services and other such high tech stuff.

 

With US cos like these, Xi can give Trump the finger

In China on 05/09/2019 at 4:02 am

Further to With Apple as a US co, USA doesn’t need enemies, here’s more on US cos who have decided to give Trump, and others who have serious concerns about China — congress, and the defence and security establishments — the bird. The Donald, congress and defence and security establishments think that China is the new USSR and must be contained.

But investments by US companies in China have grown this year despite the worsening trade row. Some American businesses want to benefit from China’s expanding consumer market.

US companies invested US$6.8bn into China in the first half of the year, up 1.5% from the average during the same period over the past two years, according to the Rhodium Group, a consultancy.

Most of the US$6.8bn

went into greenfield projects, such as electric vehicle maker Tesla’s factory in Shanghai, which will be the first wholly foreign-owned auto plant in China. Other large deals included US fund Bain Capital’s $570m investment in data centre provider Beijing Qinhuai.

FT

Btw, this data contradicts China’s official data but the FT says this data is more reliable

And btw2, late last week, The Donald said was ready to use emergency powers to compel US companies to stop doing business with Beijing. But according to the FT, US cos think he’s talking cock.

Here’s why US cos are prepared to put profits before patriotism:

US retailer Costco was forced to close early on its opening day in China, after the store was swamped with shoppers.

https://www.bbc.com/news/business-49492326

But Grandpa Xi has Chinese cos that are just as unpatriotic as American cos: With cos like these, China doesn’t need enemies like Trump

Attempt to bring down HK’s financial system fails: yet again

In Hong Kong on 04/09/2019 at 10:44 am

A wannabe leader (Intern in ang moh hedgie that is short HK and China?) in the protest movement tried to cause chaos in HK’s financial system, the FT reported.

A few weeks ago, a protester called for massed cash withdrawals and currency conversions into US$: to try to cause problems for local banks. The HK$ has been pegged to the US$ since the early 1980s, and the Hong Kong Monetary Authority allows it to move within a narrow trading band against the US$.

“Converting to a foreign currency (like the US dollar) also protects yourself, so if the currency peg goes pear-shaped you won’t be left holding Hong Kong dollars,” the person wrote. Despite photos appearing on social media showing large stacks of banknotes withdrawn by people, the HK$ finished trading only a little weaker.

Nothing further was heard.

What the guy was trying to get Hongkies to do do, was what hedgies tried to do to HK in the 1998 but failed.

Even George Soros lost money.  After successful short attacks on the currencies of Thailand and Malaysia, he launched a dual assault on Hong Kong’s currency and stock market. The HKMA was forced to spend about HK$120bn (U$15.1bn) fending off Mr Soros and other short sellers. HKMA made a lot of money, not only on the currency but on HK shares. Btw it monetised its share holding by creating an ETF: https://www.hkma.gov.hk/eng/key-information/insight/20091112.shtml

Ang moh hedgies got taken to the cleaners.

How the peg works

Since 1983, the linked exchange rate system is a unique type of exchange rate regime used for the Hong Kong dollar to be pegged with the United States dollar at a fixed rate of HK$7.80 = US$1. In this unique linked exchange rate system, the Hong Kong Monetary Authority (HKMA) authorises the three note-issuing banks (HSBC, Bank of China and Standard Chartered) to issue new banknotes provided that they deposit an equivalent value of United States dollars with the HKMA.

In practice, in the unique linked exchange rate system, the exchange rate of HK$7.80 = US$1, is strictly controlled by the Hong Kong Monetary Authority in the foreign exchange market by controlling supply and demand of Hong Kong dollars in order to influence the exchange rate being fixed. By this arrangement the HKMA guarantees to exchange United States dollar into Hong Kong dollars and vice versa, at the rate of 7.80. When the market rate is below 7.80, the banks will convert United States dollar for Hong Kong dollars from the HKMA, Hong Kong dollars supply will increase, and the market rate will climb back to 7.80. The same mechanism also works when the market rate is above 7.80, and the banks will convert Hong Kong dollars for United States dollars.

By this arrangement, the Hong Kong dollar is backed by one of the world’s largest foreign exchange reserves, which is over 7 times the amount of money supplied in circulation or about 48% of Hong Kong dollar M3 at the end of April 2016.[14]

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

Here’s pice on why attempts to destroy peg fail: https://investors-corner.bnpparibas-am.com/investment-themes/emerging-markets/hong-kong-dollar-peg/

Fyi, it was an ang moh who devised the peg scheme.

My coverage of HK matters that most ang moh, and our constructive, nation-building media MSM miss covering

Interesting, relevant, little known facts about HK’s general strike

HK: Inconvenient truths for China and West/ FT PAP missed

HK protestors prove George Orwell’s point

Why Hongkies sang ‘Sing Hallelujah to the Lord’

HK demonstrations: What I’d like to know

How Xi can hurt HK the non violent way

HK: Who is the superhero of protestors and short-sellers?

Reminder to those who republish my pieces with my permission. If you suka suka take things out without my coconsent, you no longer have permission to republish the piece.

HK protests affect Swiss cos

In China, Hong Kong, Tourism on 04/09/2019 at 4:06 am

The protests have led to share price falls for Swiss watchmakers Richemont and Swatch Group. They had fallen after previous unrest in 2014 but then recovered.

It’s all about tourists (especially from the mainland) buying their stuff: Why ang moh luxury brands lick Chinese p***ies.

Subterranean skyscrapers: Juz the thing for us

In Environment on 03/09/2019 at 1:21 pm

Today, ST is full of pixs of how the MRT tunnel beneath the forest reserves will look like: 25 HDB stories deep.


Temasek’s eco-slum or eco-paradise

Uniquely Temasek? Kill Mandai wildlife to build wildlife paradise

No leh HDB flats in paradise.

——————————————————————————————–

Remember the plans to build underground storage facilities?

Singapore has two major cavern developments, the Underground Ammunition Facility and the Jurong Rock Caverns which can hold about 1.47 million cubic metres of crude oil and petroleum. There is currently no comprehensive plan to identify potential cavern sites.
underground developments – URA
And

Singapore Is Creating a Subterranean Master Plan

https://nextcity.org/daily/entry/underground-city-movement-singapore-helskini

 

Pix is part of Samsung’s vision of earth in 50 years’ time: subterranean skyscrapers. S’pore already ahead of Samsung.

Dr Tay Kheng Soon has been imagining how future S’pore could look like. He

has interesting ideas on how HDB flats can be split into smaller units so that the old can sell off excess space …

Also good ideas of monetising without en-block sales and building retirement homes above HDB open car parks and on top of buildings.

Imagining the future of S’pore

Btw, only the PAP govt could find such an inspirational name for a sewage system. Dubbed the underground superhighway, it is going to cost US$7.2bn.

In April this yr, ST reported

Tunnelling work* has begun on a massive underground sewage superhighway in western Singapore – the most ambitious project of its kind here to date.

On track to be completed in 2025, the underground labyrinth of pipes will comprise 40km of deep tunnels and 60km of link sewers, traversing 100km across the western half of Singapore, including the downtown area and some new developments in the Jurong Lake District, Tengah Town and the Greater Southern Waterfront.

Waste water will be conveyed via gravity to centralised water reclamation plants for treatment and recycling into Newater.

Highlighting the economic benefits of DTSS phase 2, the PUB said it will allow allow 150 hectares of land, about the size of 214 football pitches, to be made available, as older existing water reclamation plants and pumping stations around the island are phased out.

These include the conventional water reclamation plants at Ulu Pandan and Jurong and the intermediate pumping stations.

———————————————————————

*Work officially began on April 4 in Jalan Bahar with the launch of the first tunnel boring machine, which will burrow through the ground to create tunnels 3.5m in diameter below the ground.

HK: Who is the superhero of protestors and short-sellers?

In Hong Kong on 03/09/2019 at 4:18 am

All indications are that the first day of the second general strike since the 1967 Cultural Revolution riots was a damp squib despite protestors disrupting train services causing major rush hour traffic delays and many students boycotting classes (Great excuse to take the day off),.

Time for the Head Prefect to call a press conference? She always gets HK people more upset and

instead of steadying markets, Ms Lam’s press conferences have tended to correlate with sharpening falls on the Hang Seng, which finished the month more than 7 per cent lower.

FT

PAP fighting for every last vote

In Political governance, Public Administration on 02/09/2019 at 10:39 am

The PAP govt is even trying to make sure that 1000 carers’ vote for the PAP? Every vote matters for the PAP it seems. Those were my tots when I read

The maid levy concession will be extended from Sep 1 to include the employer’s Singaporean extended family member or friend who lives in the same household, the Manpower Ministry (MOM) announced in a press release on Saturday (Aug 31).

Currently, levy concession is given to those whose foreign domestic workers are caring for an immediate family member in the same household.

The change is expected to benefit around 1,000 employers, MOM said.

Read more at https://www.channelnewsasia.com/news/singapore/maid-levy-concession-to-extend-beyond-immediate-family-from-sep-11859716

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Where else is the PAP is also trying to shore up its vote?

Christmas, CNY coming early thanks to PAP: 7000 votes here

Why 37,000+ sure to vote for PAP

Pioneer Generation benefits: Are you better off now than you were in 2011?

Consumers: Groceries: PAP cares for u, really they do

Even anti-PAP people getting money: PAP giving money to anti-PAP group

No need to try so hard: Juz postpone GST rise la — How PAP can win 65% plus of the vote

————————————————————————

Here’s a constructive, nation-building suggestion to help make sure the Merdeka Generation vote for the PAP: for those of us with degrees, help fund post grad studies, for those without first degrees, help fund first degree or diploma courses.

This ties in with the PAP govt’s plans to get us oldies to work longer so that CPFLife begins at 85 (More on 85 being the new CPF Life payout date) and its “knowledge economy”plans.

This idea came from reading

Master’s degree students over the age of 60 will receive a £4,000 bursary under a new Welsh Government scheme.

https://www.bbc.com/news/uk-wales-49513183

In the article someone says”education should be available to people of any age who want it”. True especially for the silver-haired. Fyi, I’ve been comparing the costs of S’pore-based psychology courses and our public unis offer the lowest cost. But how to get in? I oldie and not FT.

 

Got school like this here meh?

In Uncategorized on 01/09/2019 at 4:04 pm

Russian school renovated by ex-student who is now a rich man.

With chandeliers, marble floors, gold-trim, and ceilings adorned with angels, the “building now looks more like a palace or museum than a regular school”

https://www.bbc.com/news/blogs-news-from-elsewhere-49522622?intlink_from_url=https://www.bbc.com/news/education&link_location=live-reporting-story

Sovereign bond with penny stock characteristics

In Financial competency, Financial planning on 01/09/2019 at 4:51 am

From juz below par (100) to 38 in two years.

Two years ago, investors were rushing to buy Argie’s 100-year bond with a coupon of 7.125% and initial yield of yield of 7.9%: https://www.cnbc.com/2017/06/20/argentina-sees-strong-demand-for-surprise-100-year-bond.html.

Rational long-term investors “reasoned that a bond with a 7.9 per cent yield would cover the initial investment and then some over a decade or so,” said the FT

Yesterday it fell to 38 cents on the dollar, a fall of 6% on the day after Argentina started selective defaulting of its bonds: Line between living beyond one’s means and being mean is very thin.

Reminds me of this S’pore fiasco: https://www.theedgesingapore.com/inner-workings-penny-stock-scandal-revealed-first-prosecution-witness

Trump’s a genius

In Uncategorized on 31/08/2019 at 11:45 am

An unstable one even if he calls himself “a stable genius”.

Mr Trump has portrayed the Fed chief as an economic threat, and few people have come to the central banker’s support. Recently, The Donald called dubbed Mr Powell the “golfer who can’t put”. Populists side with Trump, while Democrats and progressives don’t want to be seen as defenders of Wall St.  They think the Fed is more interested in protecting Wall St, not Main St.

Karen Petrou, managing partner of Federal Financial Analytics, says Mr Trump has set up Mr Powell for blame if, or when, things go wrong. For all the president’s contradictions, he’s a master of political reality, she says.

Mr Trump doesn’t care what rates are. He cares about who voters think is to blame for slower growth and market turmoil, and he is determined to be sure it isn’t him,” she said. “What’s an astute politician to do? Find a fall guy distrusted by Republicans, Democrats, independents, populists, and progressives.

https://www.bbc.com/news/business-49415776

 

 

 

 

Japan helps Africans to fight “Chinese debt trap”

In Accounting, China, Japan, Public Administration on 31/08/2019 at 4:07 am

Japan is hosting the Tokyo International Conference for African Development (Ticad) summit. And Japan’s prime minister, Shinzo Abe, is the co-host.

He warned African leaders about the dangers of accumulating too much debt, the AFP news agency reports. His comments are seen as a snarky warning about China’s role in Africa as Beijing is said to favour its own companies for big infrastructure projects.

He told the leaders attending the development conference in Yokohama that Japan was promoting “quality” investments to be supported by Japanese institutions, the agency reports.

Unlike China, Japan says sound financial advice and support is behind its Africa strategy.

Tokyo plans to train experts in 30 African countries in the next three years on how to manage risk and public debts, it says. It wants to send financial experts to debt-ridden countries on multi-year missions to help them improve their finances and thus avoud the “Chinese debt trap”: overborrowing from the Chinese, being dependent on the Chinese for financing and having to sell assets to repay the debts.

He said more entrepreneurs should be encouraged to improve economies on the continent.

“If partner countries are deeply in debt, it interferes with everyone’s efforts to enter the market,” the Japanese prime minister was quoted as saying.

 

 

 

 

Line between living beyond one’s means and being mean is very thin

In Financial competency, Financial planning, Political economy, Political governance, Public Administration on 30/08/2019 at 11:27 am

Argie president Mauricio Macri’s plan to delay payments on more than U$101bn of debt, is a de facto default.

Todd Martinez, director of sovereign ratings at Fitch debt agency, had earlier told the BBC’s Today programme that Argentina had three options to repay what it owes – most of which is in US dollars – and none of them “looks very viable”.

“It comes down to a simple equation,” he said. “Argentina can either (sic) dip into its savings, borrow new money or achieve a budget surplus.

True of a country, true of an individual. Over-borrowing and over-spending have consequences. Btw, a Hard Truth of the PAP is be prudent. Problem is this leads to the vice of being over-prudent and leads to meanness. Think PAP: Will PM, tonite, give peace of mind on CPF Life Standard?

But to be fair to the PAP: Reason why CPF Life so mean?

Vote wisely.

S’pore way is betterest

In Uncategorized on 30/08/2019 at 6:23 am

At the Michaela School near Wembley a strict “tiger teaching” approach has drawn both criticism and praise. Head teacher Katharine Birbalsingh says the school is happy and full of joy.

GCSE results show half of the pupils who sat exams got Grade 7 or above in at least five subjects. Almost a quarter got Grade 7 or better in all their subjects.

https://www.bbc.com/news/av/education-49430077/it-s-good-to-have-rules-children-know-where-they-stand?intlink_from_url=https%3A%2F%2Fwww.bbc.com%2Fnews%2Feducation&link_location=live-reporting-map

“Tiger teaching” is actually a sissy version of our teaching methods.

Only pushy, aggressive parents whose kids fail to thrive in our “commando training” system KPKB about our system. This wannabe Ms Beethoven is an MoE scholar: When MoE makes a gal’s dream come true, , while her really brainy younger sister wants to be a doctor to help the poor and suffering. They are both products of our system. Btw, I told them they are really lucky because S’pore values their strengths: Meritocratic hubris/ Who defines “meritocracy”.

Better still for them, because they are valued for what the PAP wants, their creativity in valueless interests are allowed to bloom.

Only pushy, aggressive parents whose useless kids fail to thrive in our “commando training” system KPKB about our system.

 

Why is China flooding S’pore with its “GPS” devices?

In Public Administration on 29/08/2019 at 10:40 am

The Chinese version of the Global Positioning System, better known as GPS, has overtaken the US original round the world. But kook at the number it has here: why?

Is it because unlike GPS, which only sends signals and cannot identify the location of receivers, BeiDou’s communications with the ground are two-way?

The Chinese version of the Global Positioning System (GPS) has overtaken GPS and the Nikkei Asian Review says

The growth of BeiDou has profound implications and is raising alarm in the US national security establishment. Unlike GPS, which only sends signals and cannot identify the location of receivers, BeiDou’s communications with the ground are two-way. According to Dean Cheng of the Heritage Foundation, the Chinese satellites can jam signals in specific areas and raise capabilities in cyber attacks.

S’poreans should be asking why the PAP govt is allowing this probable threat to national security. Don’t believe me? Mamaland and Japan, both rivals of China, also got a lot of these devices?

But maybe it all has to do with the use of Chinese-made smartphone handsets?

What do you think?

Related posts on how cock is our cyber security:

Memo to Paper General heading Computer Security Agency

MAS gives finger to CSA’s CEO

Infocomm Dysfunctional Authority

Cybersecurity: “Ownself hack ownself”

Why ang moh, Asean telcos love Huawei

And govt wants to encourage fintech?/ PAP is never wrong

 

Amazon fires an “international crisis”? Crisis? What crisis?

In Environment on 29/08/2019 at 4:31 am

US$20m was pledged by the G7 meeting to fight the Amazon fires. Huh? So little? Remember Mr Macron’s belief that the fires amounted to an international crisis.

Money talks, BS walks. Sounds like the G7 leaders don’t believe that it’s a crisis. We know Trump doesn’t care about the environment, and doesn’t believe in climate change (“Fake”). The other leaders say they care about the environment and believe in climate change, and that it’s dangerous to the world. Obviously they really agree with Trump.

Why Oppo cock to think that HDB issues will affect the vote

In Financial competency, Financial planning, Property, Public Administration on 28/08/2019 at 10:01 am

In Christmas, CNY coming early thanks to PAP, I pointed out that the loss of value for resale flats and the older flats has yet to be addressed by the PAP govt. And that there are S’poreans that are unhappy.

But all the KPKBing by cybernuts like Goh Meng Seng (If he still thinks HK better place to bring up his family, how come he so quiet nowadays and btw, I hear his daughter is studying here despite him saying that HK’s education system is better), and Lim Tean (He rents a S$15,000 black and white bungalow from the PAP govt) to stir more unhappiness and discontent, S’poreans are not fooled by their BS.

Our public housing policies mean that public housing is cheap, compared to other major cities, not juz “affordable”.

This table puts into context the issues of

— Falling resale prices causing a problem for the PAP with those who bot resale flats: Double confirm, ground not sweet for PAP and Will this resale flat buyer vote for PAP in next GE?

— 99-year leases: Why 30-year old HDB flats difficult to sell/ Why PAP rule will end in 2029 and 

Christmas, CNY coming early thanks to PAP

Things could be better, a lot better. But 60-70% of voters think (thanks   that housing would be be like in HK, if not for the PAP govt. And while taz not the real pix, they are not that wrong.

Look at our private housing, it’s expensive:

Buying homes the billionaire way: two luxury homes are better than one

Why S$73.8m flat is a steal

Why S’pore is so shiok for private property investors

And even in private property there are govt controls

Ang moh’s great insight on property mkt

PAP whacks greedy pigs

So when will the PAP start worrying about the problem of older flats? Read Why PAP rule will end in 2029.

Apps: Where Android trumps Apple

In Uncategorized on 28/08/2019 at 4:40 am

Concerns are expressed in the Financial Times that an iPhone app to help EU citizens in the UK secure residency rights after Brexit will not be ready by the end of October, when Britain is due to leave.

The uncertainty, it says, potentially affects hundreds of thousands of people, who will either have to use the Android app or make a postal application.

Indonesian riots prove minister’s point on zero tolerance of racist remarks?

In Indonesia, Political economy, Public Administration on 27/08/2019 at 10:53 am

If a racist rap video was allowed to remain online, it could normalise offensive speech and such attacks against other races could become mainstream, said Law and Home Affairs Minister K Shanmugam.

Speaking at the CNM Leaders Summit organised by the National University of Singapore’s Department of Communications and New Media on Thursday (Aug 22), Mr Shanmugam expanded on why the Government acted to remove the rap video by YouTuber Preetipls and her brother Subhas Nair, which came in response to a controversial “brownface” advertisement.

Read more at https://www.channelnewsasia.com/news/singapore/preetipls-subhas-nair-rap-video-normalised-offensive-speech-11834928

Constructive, nation-building CNA

Well the following article from the BBC about violent protests in West Papua province is evidence that he isn’t talking cock about the probability of violence when there’s official tolerance of racist language. Racist taunts aimed at a group of students from West Papua in Java have sparked violent protests in Indonesia’s West Papua.

What happened in Java last weekend

The groundswell of anger that has fuelled the latest demonstrators was sparked by an incident in the Javanese city of Surabaya at the weekend.

After accusing Papuan university students of damaging an Indonesian flag during Independence Day celebrations, nationalist groups surrounded their boarding house and goaded them with racist taunts, calling them “monkeys”, “pigs” and “dogs”.

Police in riot gear then stormed the dormitory to force the students out. Authorities said the students were briefly questioned before being set free.

This resulted in violent protests in West Papua

The area’s largest protests in years saw numerous buildings torched – including a jail and a market – and resulted in the Indonesian government deploying thousands of additional security officers to an area which is already the country’s most heavily militarised.

The internet has also been shut down to “restore security”, according to the Indonesian government.

https://www.bbc.com/news/world-asia-49434277

But it’s more than racist taunts. Papuan students in Java, told BBC Indonesian they are often made to feel like second-class citizens.

“I have been turned away from student boarding houses and told that they will not receive boarders who are Papuan students,” said Benfa, a Papua student in Yogyakarta.

“We face discrimination and racism daily,” Aris Yeimo, from the Papuan student union, added.

Coming back to the spark that started the riots (the racial taunts),  a few Indonesian politicians are showing some sensitivity. The governor of East Java province apologised for the racism in Surabaya, and President Joko Widodo announced plans to visit Papua. But better not to have allowed the taunts in the first place?

Related post:

Brownfacegate: Did you know Shanmugam also said this?

Typical Chinese reaction to “brownface” ad/ Cina also can get upset

Brownfacegate: The inside story?

S’pore, Indonesia doing well in unicorn breeding

In Indonesia on 26/08/2019 at 3:00 pm

A unicorn is a privately held startup company with a current valuation of US$1 billion or more.

S’pore’s got two: Grab (the mobility platform that wants to conquer SE Asia) and Trax (Computer vision technology for use in retail industry: FT builds tools for bricks-and-mortar retail)

Whatever, we are doing pretty well in unicorn breeding. We’ve got two, while Japan has only three.

But then Indonesia has four  Go-Jek, Tokopedia, Traveloka, and Bukalapak.

Go-Jek is a mobility platform that also wants to rule SE Asia. Tokopedia and  Bukalapak are e-commerce businesses Traveloka provides airline ticketing and hotel booking services online.

Akan Datang: really bad haze

In Environment, Indonesia on 26/08/2019 at 4:26 am

Could be like the one in 2015: Haze, 9/11 & TOC or the one in 2013: P Ravi’s reposting: What the govt should have done.

Indonesia is experiencing the worst annual fire season since 2015 and it’s comparable to the Amazon fires: “Whether or not the situation can be contained will become clear in the coming weeks,” BBC

As fires rage in Brazil’s Amazon rainforest, the south-east Asian nation of Indonesia is witnessing a similarly devastating ecological tragedy unfold.

The dry season has arrived in Indonesia – home to some of the world’s oldest tropical forests – bringing with it its worst annual fire season since 2015.

Close to 700 hotspots have been identified in fire-prone regions in Sumatra, Kalimantan and the Riau islands.

Prevailing winds carrying smokes and dust particles have picked up, blowing towards Malaysia and Singapore.

https://www.bbc.com/news/world-asia-49444325?intlink_from_url=https://www.bbc.com/news/science_and_environment&link_location=live-reporting-story

And the usual Indon BS

Military planes, ready with water jets, comb the skies above Kalimantan and Sumatra in search of impending fire.

Btw, the area where the new capital will be is within the areas where there are annual fires

Indonesia is pressing ahead with plans to move its capital from the traffic-choked city of Jakarta to the island of Borneo. The precise location has not yet been revealed – nor has a timeline – but President Joko Widodo formally launched the scheme in parliament on 16 August.

https://www.bbc.com/news/world-49406700

 

Fed chair: Not much Fed can do right now to help world economy

In Economy, Financial competency on 25/08/2019 at 10:55 am

In addition to the Fed’s focus on balancing inflation against employment, Federal Reserve chair Jerome Powell is dealing with two other sources of stress. Investors have been critical of how he communicates policy and The Donald has been demanding, more aggressive by the day, for more monetary accommodation via interest rate cuts and quantitative easing.

Powell has juz given Trump the finger.

Powell has now called the current era of Fed history the “emerging new normal”, and said it offered three challenges: low inflation, financial risks, and how the Fed can support economic growth when interest rates are already so low. The Fed, he added, “faces heightened risks of lengthy, difficult-to-escape periods in which our policy interest rate is pinned near zero.”

How to support economic growth when interest rates are already so low is an important question for central bankers all over the world. They had gathered in Jackson Hole, Wyoming, to among other things, discuss whether policy rates have any effect on the real economy.

With his historical timeline, Mr Powell offered an answer to both. The current era of slower growth, downward pressure on inflation, and lower interest rates is the consequence of long-term trends. And there is not much the Fed can do right now to help.

It’s a very pessimistic (and hawkish: nothing much can be done) speech.

Here’s how the Economist put it

He spoke of the difficulty the Fed faced in assessing and responding to Mr Trump’s trade war. And he mentioned that if interest rates globally remain near zero, then central banks may need new policies. But on the subject of the moment—what the Fed will do next—he gave little away. “We will act as appropriate to sustain the expansion, with a strong labour market and inflation near its symmetric 2% objective,” he said.

Mr Powell may have felt he could say little more, given the disagreement within the Fed. But both the recent minutes and the speech today devoted more words to the possibility that low rates might contribute to financial instability than has recently been the norm in the Fed’s discussions. That may be a sign of more determined opposition to additional easing than recognised hitherto.

https://www.economist.com/finance-and-economics/2019/08/23/now-donald-trump-calls-the-feds-chairman-an-enemy

And btw, Trump’s not that dumb

At least one observer felt the hawkish overtones of the speech to be crystal clear. “As usual, the Fed did NOTHING!” Mr Trump tweeted after Mr Powell’s remarks. “My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?” The president thus cast a longer shadow than the Tetons over the day’s events.

https://www.economist.com/finance-and-economics/2019/08/23/now-donald-trump-calls-the-feds-chairman-an-enemy

How all this impacts us:

S’pore: the canary in the coalmine/ Is the ground sweet for the PAP?

Latest “bad” economic data is really “gd” news for PAP

“Only cold spell coming, but not Winter,” says Heng

Ground is not sweet economically/ Authorities may have to do something but no gd options

UK’s funniest 2019 joke: What a joke

In Humour on 25/08/2019 at 4:09 am

Swedish comedian Olaf Falafel won Dave’s “Funniest Joke of The Fringe” award with “I keep randomly shouting out ‘Broccoli’ and ‘Cauliflower’ – I think I might have florets”. What a moronic joke. So moronic that Tourettes Action, a charity, said the joke was about the neurological disorder, not vegetables and has asked for an apology.

Ten jokes made the 2019 shortlist. Here are the next nine, all of which are better than the above in my view. (My favourites are in blue)

Someone stole my antidepressants. Whoever they are, I hope they’re happy” – Richard Stott

“What’s driving Brexit? From here it looks like it’s probably the Duke of Edinburgh” – Milton Jones

“A cowboy asked me if I could help him round up 18 cows. I said, ‘Yes, of course. – That’s 20 cows'” – Jake Lambert

“A thesaurus is great. There’s no other word for it” – Ross Smith

“Sleep is my favourite thing in the world. It’s the reason I get up in the morning” – Ross Smith

“I accidentally booked myself onto an escapology course; I’m really struggling to get out of it” – Adele Cliff

“After learning six hours of basic semaphore, I was flagging” – Richard Pulsford

“To be or not to be a horse rider, that is Equestrian” – Mark Simmons

“I’ve got an Eton-themed advent calendar, where all the doors are opened for me by my dad’s contacts” – Ivo Graham

With Apple as a US co, USA doesn’t need enemies

In China on 24/08/2019 at 11:33 am

The US-China tech war is all about “decoupling”. But Apple is sourcing its iPhone screens from a Chinese state-owned enterprise, according to the Nikkei Asian Review.

Apple is about to decide on whether to add BOE Technology Group, a leading display maker, to its next iPhone procurement list. If BOE passes the test, their organic light emitting displays, or OLED, will be used in two iPhone models to be released next year. If BOE gets the contract, it will mark a breakthrough for China’s industry.

BOE, which supplies the screens for Huawei’s latest phones, is an emerging industry leader. So from this perspective, Apple’s consideration is rational. But political imperatives could intervene as the US ramps up commercial pressure on China to contain its advances in high-tech.

If Apple chooses BOE’s screens, it could begin to challenge Samsung’s supremacy in the display sector. However, the Chinese company remains vulnerable to a potential clampdown from Washington, possibly restricting supplies of crucial materials from US companies such as Corning, 3M and Applied Materials.

Btw, Trump gave Apple the finger when it  asked him for exemption for some products. He told them to make them in the USA.

With cos like these, China doesn’t need enemies like Trump

In China, Uncategorized on 24/08/2019 at 4:26 am

Chinese businesses were obeying Trump even before Trump tweeted to US cos, (not Chinese cos)

Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies home and making your products in the USA.

Chinese companies are following MNCs in leaving China, and using alternative production bases to mitigate the impact of the trade war with the US

Since last June, 33 listed companies have informed China’s two stock exchanges of their plans to set up or expand production abroad, according to data compiled by the Nikkei Asian Review.

To be fair to them, multiple rounds of tariffs on Chinese goods are only part of the equation. Rising wages and other costs, are prompting Chinese companies to move out of the country.

Why HSBC is really Hongkong Bank

In Banks, Emerging markets, Hong Kong on 23/08/2019 at 11:40 am

Yesterday, HSBC took out advertisements, in five Cantonese-language newspapers. The bank said it was deeply concerned about the recent events and “condemned violence of any kind”, saying the rule of law is vital to maintaining Hong Kong’s status as a financial centre. “That is why we fully support the ambition to resolve the present situation peacefully.”

Why is it so concerned?

These three charts show why HSBC is really Hongkong Bank (It once used this name), and the last two charts also show that it’s the people’s bank in HK. All of which explains the ads and what an HSBC spokesman said recently: “We respect that our employees have their own personal views on political and social matters. Our priorities are the safety of our employees and supporting our customers.”

A 34-year-old HSBC bank employee said the bank had not officially sanctioned the strike on Monday but some managers had told staff verbally they would not be penalised for not coming to work.

FT

Interesting, relevant, little known facts about HK’s general strike

 

Remember that HSBC includes the Hang Seng Bank which has a lot of branches serving the people: the takeover of Hang Seng Bank was the start of HSBC becoming a global bank: HSBC, Superman and another Cina superhero. I’m very surprised that BoC is a distant second in terms of deposits. I tot the gap was much narrower. And this was in 2018. I’m sure BoC lost a lot of deposits.

 

 

 

Wh

 

Why global fish stocks not yet exhausted

In Environment on 23/08/2019 at 4:19 am

Americans don’t care for fish.

Christmas, CNY coming early thanks to PAP

In Political economy, Property, Public Administration on 22/08/2019 at 10:37 am

HDB sales exercise pushed to September so buyers can benefit from upcoming changes: Lawrence Wong

CNA headline

Mr Wong said that his ministry and HDB have been reviewing how to extend further support to first-timers buying new and resale flats. He will announce the details in September. adding, “We are constantly looking at ways to help young families set up their first homes,” wrote the minister.

The HDB sales exercise is expected to offer about 3,300 flats in Punggol and Tampines.

And to make sure that everyone who has recently bot or is applying for an HDB flat that they owe the PAP one, he reminded S’poreans of

measures which have been introduced in the past years, such as the increase of housing grants for resale flats*offering flats with shorter waiting times, as well as the flexibility given for students and national servicemen to defer income assessment for housing grants and loans.

“These changes have improved housing affordability and helped young families to secure their own homes earlier,” he added.

Read more at https://www.channelnewsasia.com/news/singapore/hdb-bto-august-sales-exercise-pushed-september-lawrence-wong-11827238

Notice the two elephants in the room that are dancing on his shoulders, he isn’t mentioning?

— Falling resale prices causing a problem for the PAP with those who bot resale flats: Double confirm, ground not sweet for PAP and Will this resale flat buyer vote for PAP in next GE?

— 99-year leases: Why 30-year old HDB flats difficult to sell/ Why PAP rule will end in 2029 and

If u read this far, suggest u might want read

— The real truths about public housing  my summary of piece by “Tan Jin Meng, a postgraduate from the Lee Kuan Yew School of Public Policy. He has an interest in social policy and economics.”.

— Exposed: Flaws in PM’s HDB spin

Vote wisely. My prediction last yr: Akan datang: GE in late 2019


*Why 37,000+ sure to vote for PAP

 

-ve deposit rates

In Financial competency, Financial planning on 22/08/2019 at 9:07 am

Further to Bank pays u to borrow/ Govts borrow for free, Jyske Bank who pays money to borrowers to borrow has become the first Danish lender to impose negative interest rates on customer deposits and has warned that sub-zero rates were looking “rather permanent”.

Customers with balances over DKr7.5m (US$1.1m) would be charged a default rate of 0.6% a year.

Fyi, UBS and other major Swiss banks have been charging negative interest rates on customer deposits for some time. But there we are are talking of deposits of tens of millions, not US$1m

When MoE makes a gal’s dream come true

In Uncategorized on 21/08/2019 at 2:16 pm

PM’s talk of spending more on education reminded me that a govt scholarship can help a kid’s dream come true if there’s no Bank of Mum and Dad for the kids to draw on.

—————————-

“The rich are different from you and me,” Scott Fitzgerald is supposed to have said; and Hemingway is supposed to have responded: “Yes, they have more money.”

———————————————

A gal I know flew off last Thursday to the US to study in a supposedly leading university (I remember my Indonesian clients joking in the 1980s that it was a rich kids uni because so long as you had the money to pay the fees, you got in. The gal was not amused because I told her the story before she knew she was getting the scholarship: she worried that MoE might not think the uni atas enough because the u isn’t in the Ivy League or anywhere close.). She went on an MoE scholarship and will be studying music composition: her passion.

When anyone mumbled the six yr bond she had to serve, I told them that it’s worth the bond. She gets to do something that is not available here and her mum would not have been able to afford the fees to any good US university. (Plan B 2.1 was to to go study in UK or Europe next yr and, I suppose part fund, her way by work by part-time there.)

 

 

 

 

 

 

 

 

(The original Plan B was to go to NUS Yale: “affordable” said her mum. But that would have meant not studying music composition.)

I would go on: better still, a degree in music composition is worthless. Don’t believe me? In 2017, cybercriminals hacked into Equifax’s data base and stole 145.5m U.S. consumers’ personal data, including their full names, Social Security numbers, birth dates, addresses, and driver licences. . Turned out its head of cybersecurity had little qualifications in cybersecurity. She had a masters in music composition from the University of Georgia. The gal was not amused when I told her the story.

So if MoE is happy to fund her doing a worthless degree and then paying her to teach, a six yr bond is a good deal for her.

The only downsides for her is that she could turn into this kind of person: Headmaster that blur meh? and she’ll be a nut case when she retires. Many yrs ago, a retired school principal told me that principals who retire often go nuts ( He was seeing a govt nut doctor) because they find that they miss terribly the ability to order staff and kids around: yes I know I assume she’ll be a principal, but she’s a scholar ain’t she? And while a sweet gal, she is bossy and pushy.

Whatever, the benefits for her, doesn’t say much for prudent spending of tax-payers money though: funding a worthless degree course.

Btw, remember the MoE scholar was caught in the UK with child porno on his PC?

But let’s be fair: MoE did admit that a scholarship was given to a peeping-tom because the boy’s teachers got some things wrong. He was recently convicted in England for possession of child pornography. But what if the balls-up had been made by officers higher up the food chain? I mean teachers are the lowest of the low in the education food chain, or so I’ve been assured by teachers.

Why we don’t buy the “explanations” of S’pore Inc

To avoid another such fiasco, scholarship applicants had to undergo several rounds of interviews and a battery of psychological tests. And had to teach in a neighbourhood school for some time. They must have been an eye opener for the gal because while the family is not that well-off, she’s third generation in an elite girls school that was once considered a training ground for tai-tais. Gals went on from this school to ACS to find husbands. This gal went to RI because it was two bus stops from her home.

 

Bank pays u to borrow/ Govts borrow for free

In Financial competency, Financial planning on 21/08/2019 at 5:35 am

World turned upside down.

A Danish bank last week week launched the world’s first negative-rate mortgage, allowing housebuyers to take a home loan and pay back less than they borrowed.

Sounds good.

But do realise that should negative interest rates leads prove to be a precursor of deflation, property values fall in a deflation. But then that doesn’t matter to HDB flat owners.

Germany has a new test of investors’ voracious appetite for bonds with very low or even negative yields: a 30-year bond that offers no interest payments at all.

FT

It has already issued similar 10-yr bonds

Bonds worth U$15tn, about a quarter of the global market, are offering negative returns, the FT reported last week: U$100 of bonds, including interest payments, will return less than that amount throughout their lives. That’s useful context in understanding why central bankers keep being asked about negative rates.

The central banks of the Eurozone, Switzerland, Japan, Sweden and Denmark all have rates set below zero to try and tackle very low inflation. It isn’t working, but that’s another story.

The Bank of England’s governor was asked by website Central Banking whether the UK will try the policy.

“At this stage we do not see negative rates as an option here. I am not criticising others that have used them, but we don’t see it as an option,” he replied.

Whatever one says about the Brits, despite a no deal Brexit being the likely result, the economy doesn’t yet need to resort to -ve interest rates. Sounds like Brexiters are right to accuse the Remoaners (those who want to stay) of doom-mongering i.e. Project Fear.

Heathcare: PAP thinks its no longer a vote losing issue?

In Political governance, Public Administration on 20/08/2019 at 10:31 am

Taz the impression I get after PM didn’t seem to talk about healthcare (Am I right? Speeches like his make me brain dead after five minutes: now his pa could keep me interested) during his National Day Rally speech.

Maybe because he thinks, S’pore is not a bad spot to be in, despite concerns about old age healthcare (https://sg.news.yahoo.com/singaporeans-unprepared-on-rising-medical-costs-of-living-to-100-healthcare-survey-072434720.html) if one looks at medical inflation. But look at Korea, Taiwan and HK (But then the first two are democracies while HK is full of forceful and vocal people* albeit sometimes violent except when it comes to housing. They seem resigned to their expensive, rat holes.)

Seriously, he and PAP must think that the following measures have detoxified the issue

Pioneer Generation benefits: Are you better off now than you were in 2011?

Reasons why our healthcare should be better, a lot better:

Access:

Access to healthcare here: Below average

Controlling costs:

Healthcare: user fees drives up costs

See who’s telling govt to control healthcare costs/ What we be should be KPKBing about

Cost of medicine could be cheaper:

Healthcare: Who is subsidising whom?

But we ain’t as bad as anti-PAP cybernuts make it out to be:

Foreigner praises S’pore’s healthcare

Healthcare: France 1st, S’pore 2nd

Pioneer Generation benefits: Are you better off now than you were in 2011?

Finally, great idea to improve the system, while collecting more money: Healthcare: Gd lateral thinking in UK


* “Tell everyone that we Hong Kong people are patient!We will get what we want, ”, shouted a protester at a 1.7m strong peaceful rally on Sunday at Victoria Park.

 

Chaos can be good for S$, PM, PAP 

In Currencies, Emerging markets, Hong Kong, Indonesia on 20/08/2019 at 4:45 am

I kid u not.

HK$ rose against US$ despite the protests and riots that created economic uncertainty. Hmm maybe Mad Dog in power could be good for S$.

Trump the Dumbo

In China on 19/08/2019 at 2:07 pm

He didn’t know tariffs on Chinese imports hurt Apple but helped Samsung.

US President Donald Trump said he has spoken to Apple’s Chief Executive Tim Cook about the impact of US tariffs on Chinese imports – and how those duties could give an edge to rival Samsung.

Mr Trump said Mr Cook “made a good case” that the tariffs could hurt Apple, given Samsung’s products wouldn’t be subject to the duties.

“I thought he made a very compelling argument, so I’m thinking about it,” said Mr Trump.

The US is due to impose tariffs on an additional $300bn (£246.9bn) worth of Chinese products this year, even after the Trump administration recently said it would delay imposing tariffs on goods such as mobile phones, laptops, video game consoles and computer monitors until 15 December.

What PM will say in National Dally Rally speech

In Environment, Infrastructure on 18/08/2019 at 5:17 pm

Singapore must treat climate change seriously as the Republic is a low-lying island that is particularly vulnerable to rising sea levels, PM has said.

In a Facebook post yesterday, he said he will be talking about how the country should respond to climate change in his 16th National Day Rally speech later today at the Institute of Technical Education in Ang Mo Kio.

Don’t bother to tune in. A few months ago, the FT had a series of articles on S’pore. This is what it wrote on how the PAP govt is handling the issue of climate change.

Rising sea levels are an area of concern. By 2100, Singapore’s mean sea levels could rise by up to 1 metre, according to the ministry for the environment and water resources. Storms 2,000km away in the South China Sea can trigger jumps in Singapore’s sea levels of up to 40cm for several hours, says Adam Switzer, associate chair of the Asian School of the Environment at Nanyang Technological University.

“The future of extreme sea level events in the region [remains] very uncertain,” says Mr Switzer. “In Singapore we have the potential to engineer solutions to extreme sea levels, but we need a much better idea of what we are going to be up against over the next 50 years or so.”

The city state has raised minimum levels for reclaimed land to four metres above mean sea level. It will also launch a national sea-level programme before the year-end to “develop robust projections and plans for the long term”, says Masagos Zulkifli, minister for the environment and water resources.

To decrease the impact of flooding, Singapore has implemented a system that reroutes rainfall into a river via a tank that can store 15 Olympic-sized swimming pools of stormwater.

With Singapore authorities forecasting a jump of up to 4.6C in daily mean temperatures in the next century and extreme weather increasing the likelihood of flash floods, a second challenge is looming: food security. “[We need to strengthen] food security in the face of possible supply disruptions,” says the ministry of the environment and water resources.

Related post: 2025: LKY’s memorial unveiled

Hongkie 2014 protest hero couldn’t open Hongkong Bank account

In Hong Kong on 18/08/2019 at 1:34 pm
 Ken Morgan, lives in Hong Kong (2019-present) responded
It’s entirely possible.

My evidence is based on Joshua Wong.

If you recall back in 2016 he tried to open a HSBC bank account. Despite the name Hongkong Shanghan Banking Corporation HSBC is a UK registered bank that came about during the opium wars. A clue to this is why it’s HSBC and not HKSBC.

He went to the press and said it was Beijing’s influence that made them reject his bank account.

Except he was refused a bank account because he would not reveal the source of his money. Why do you have to be transparent about your source of money? Well anti money laundering laws have been put in place everywhere. He tried to deposit a very large sum of money and refused to tell the bank where he got it from.

You have to ask yourself where did the money come from?

You also have to ask how did he get his hands on it?

As a teenager I didn’t have much let alone £200K.

I googled “Joshua Wong + HSBC” and there were two SCMP stories on this incident.

https://www.scmp.com/news/hong-kong/politics/article/1933597/hong-kong-activist-joshua-wong-accuses-hsbc-political

https://www.scmp.com/business/article/1934760/joshua-wong-wasnt-mistreated-hsbc

How China is squeezing Trump’s balls

In China, Tourism on 18/08/2019 at 4:27 am

Tens of thousands of Chinese tourists are shunning the country as a holiday destination, and companies from Tiffany to Hyatt Hotels are counting the cost.

FT

It goes to say US business love tourists from China because on average they spend U$7,000 per including the costs of flights and accommodation, according to data from the US Travel Association.

After several years of double-digit growth, however, Chinese visitor numbers rose only 4% in 2017 and last year they declined for the first time since 2003. There were 2.99m arrivals in 2018, a drop of 6% from 2017. This trend is continuing this summer. US executives say the slowdown is weighing on profits.

Trump will cry “Uncle” when retailers renting space in Trump properties go bust.