atans1

Meritocracy? What meritocracy? How our PMs are chosen

In China, Currencies, Political governance, Public Administration on 29/04/2019 at 10:42 am

But first, where Heng and Tharman failed.

Further to  what was reported in London trashes S’pore, London in 2019 is still the king of the offshore renminbi payments market according to the Chinese.

The UK (i.e. London) accounted for 37% of renminbi foreign exchange transactions outside of China in January.In the final quarter of 2018, average daily trading volumes of the Chinese currency in London reached £76.6 billion, up nearly 50% on the same period in 2017, according to a report published on Wednesday by the City of London Corporation and the People’s Bank of China’s Europe Representative Office.

I ask again

Tot PAP govt said we had plans to be a leading off-shore renminbi trading centre.

What went wrong? After all we are already a leading global FX trading centre.

London trashes S’pore

And Heng is DPM and PM presumptive? While ang moh tua kees and some anti-PAP types want Tharman as PM?

Failure is being rewarded?

Thinking about it our PM became PM after failing big time:

Another decade, another restructuring report?

In the 80s, one Lee Hsien Loong as trade and industry minister headed a committee to recommend changes in the economy. In the early noughties when DPM he headed another committee on the same issue.

In 2010, one Tharman and his committee produced the 2010 Economic Strategies Committee (ESC). And now there’s the CFE. It’s a bit early, but then there wasn’t a report in the 90s: so maybe making up for lost time?
If Lee Hsien loong’s 1980s plan was so successful, why keep needing plans every decade? Plan succeeded, but circumstances change said people from constructive, nation-building media like Balji and Bertha then. Really?  Since that plan, new plans that are a copy and paste from the previous one: Economic restructuring: This time, it’s really different.
(And anyway can believe Bertha and Balji, now that they telling us how they helped PAP govt fix JBJ?)

Connecting SMRT failures, 4th gen ministers & change of PM (Another Heng cock-up)

Why do we keep getting mediocre ministers?

Why cabinet can’t do bold new ideas

 

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