Archive for March, 2021|Monthly archive page

Minister and mayor gave wrong information

In Uncategorized on 31/03/2021 at 4:28 am

A friend got a letter signed by Edwin Tong and Mohd Feisal Aliman, the mayor of South East District, asking him (a really fat cat share investor) to collect CDC vouchers worth $50. Apparently they tot he was poor and destitute.

He had some queries about whether his helper could collect for him (the form wanted the i/c card number of the collector), and called the number provided: 6241 19xx. It was a private number that had nothing to do with Siglap South Community Centre. The letter said 6241 19xx was the number at Siglap South Community Centre to call.

No one can reasonably blame a cabinet minister for this mistake, even though said minister signed the letter. But surely one can expect more from a mayor who earns more than the mayor of London?


“Support China or get out of the Chinese market”, ang moh brands told

In China on 30/03/2021 at 4:59 am

Retail giants Nike and H&M are facing a backlash in China after they expressed concern about the alleged use of Uighur forced labour in cotton production.

Many Chinese have called for boycotts, celebrities have cut ties and e-commerce platforms have dropped H&M.

Other Woke brands affected include Burberry, Adidas and Converse.

Some companies’ online shops are blocked and their stores have vanished from some digital maps.

“China is not the first to shoot, neither will we be passive and submissive to threats from the outside,” said Yang Xiaoguang, chargé d’affaires at the Chinese embassy in London. “The Chinese people will not be bullied.”

The Chinese people have risen up

Attributed to Mao

The days of ang moh tua kee are over. Kiss the asses of China and the Communist Party or go home, and sell only to Wokes who don’t have the money that Chinese have.

Suez Canal disruption costs

In Logistics, Shipping on 29/03/2021 at 5:41 am

Killing people to ‘safeguard democracy’

In Uncategorized on 28/03/2021 at 8:12 am

Myanmar: Coup leader Min Aung Hlaing vows to ‘safeguard democracy’

But the people don’t believe him as dozens were killed as the army shot protesters during deadliest day since last month’s military takeover of the country.

More than 90 deaths, including children, were confirmed by the Assistance Association for Political Prisoners (AAPP) monitoring group, the BBC reports

Learning from  Tharman,  PM and other PAP ministers?

Double confirm Goh Meng Seng is a malignant BS artist

In Uncategorized on 27/03/2021 at 2:14 pm

Facebook on Friday (Apr 16) said it does not allow false claims on its platform that could lead to the rejection of COVID-19 vaccines, and will remove such posts. 

The company was responding to CNA’s queries after People’s Power Party politician Goh Meng Seng said that Facebook removed “several” of his videos and posts, alleging intervention by the Singapore Government.

That’s not all. He was issued a correction direction under Singapore’s Protection from Online Falsehoods and Manipulation Act (POFMA). He had published posts on two Facebook pages linking COVID-19 vaccination to a stroke suffered by a doctor and the death of an 81-year-old man.

Whatever, here’s the modus operandi of an anti-PAP anti-vaxxer who does not wish S’pore well.

Goh Meng Seng starts by claiming that he’s not anti-vaccine. And that he wants health workers to be vaccinated.

He then mixes facts with BS to hide his anti-vaxxer and anti-PAP credentials.

Read this and make up yr mind if I’m right.

Safety of the Covid-19 Vaccines

For the record, I am NEVER ANTI-Vaccine all my life. But I believe the TWO KEY factors must be fulfilled, Efficacy & Safety.

The current Covid19 vaccines have neither proven beyond reasonable doubts.

No matter how pharmaceutical companies and governments all over the world try to hard sell, the Hard Truth is nobody knows how effective all these vaccines could last, basically because there is a lack of time in testing it.

On the other hand, it should be apparent by now, Safety of all these vaccines is really questionable with the availability of more data.

Thus, at the very best, these experimental vaccines are only approved for Emergency use which means only those who really have higher chance of being infected due to their job scope, should take these vaccines.

Frontline workers like those in healthcare sector, should take the risk and get the jabs because there is counter risk of infection.

Other than that, I do not see the need to rush into massive vaccination program asking everyone to get the jab.

Taking these vaccines should only be a desperate option of last resort.

It is more rational to wait.

There are three possible scenarios:

1) Newer, safer and more effective vaccines may be developed given more time to all the scientists in the world.

2) A cure or set of treatments may be developed to reduce death and serious damage done by the Covid19 virus infections.

3) The rapid mutation of the virus may render all current vaccines invalid. But we may find a more effective way to live with it just like turning it into another Flu-like virus.

Thus, in my view, people like me who have lower risk of infection, there are more advantages to wait rather to rush in to take unnecessary risk.

Goh Meng Seng

It’s people like him that ensure that Why even with 4G donkeys, PAP will retain power.

And remember, he helped keep the PAP’s share of the popular vote above 60%. It would have been 58.7% if he and other “useful idiots” hadn’t contested: PAP’s useful idiots: s/o JBJ, Meng Seng, Lim Tean, P Ravi and Michelle Lee

Leaving China, coming to India

In China, India on 26/03/2021 at 11:00 am

Delta Electronics, a producer of power components for Apple and Tesla, has reduced its number of employees in China by almost 50%, in the biggest such move to be made public by a Taiwanese electronics company. Delta says its target is a 90% reduction in employees.

Its moving to India where it’s building four large factories and SE Asia. It’s already in Thailand

Banks double down on oil ‘supercycle’ even as price drops 15%

In Energy on 25/03/2021 at 6:21 am

Brent crude has fallen from a 14-month high above US$71 a barrel on March 8 to a low of $60.50 on Tuesday, when prices tumbled 6%{ up 2% yesterday. Prices had rallied 84% from November to the recent peak.

But JPMorgan, Goldman Sachs and Barclays, among others, have in recent days either reiterated their long-term bull case for oil or even increased their forecasts for prices.

Chart as of Tuesday.

Bitcoin price refuses to correct to mean

In Uncategorized on 24/03/2021 at 4:51 am

So now Citicorp, Morgan Stanley and Bank of America are now saying that it makes senses to invest in Bitcoin. JPMorgan has restarted trading Bitcoin.

Because they are Chinese

In China on 23/03/2021 at 10:35 am

Concerns over Chinese tech surveillance of UK cities
UK intelligence agencies are pushing for new curbs on local authorities’ use of Chinese “smart cities” technology over concerns Beijing could use it for espionage, surveillance or collection of sensitive data. Key suppliers include camera maker Hikvision, ecommerce group Alibaba, which supplies cloud services and software, and Huawei, which is involved in UK smart city projects as a supplier of hardware, software and telecoms equipment to companies such as BT.


More on the next Telsa

In Uncategorized on 22/03/2021 at 6:55 am


Omen that Xi is losing the mandate of heaven?

In China on 21/03/2021 at 10:59 am

On China’s showpiece occasions, the sky over Beijing is always clear because nearby factories are forced to shut weeks before the events. No pollution yo spoil these occasions

But the sky was not clear during the recent National People’s Congress.

In fact, when Chinese president’s made a speech to the recent delegates to the National People’s Congress, an orange cloud descended on Beijing.

China’s worst dust storm in a decade was taking place as he spoke. It led to record readings of harmful fine particulate matter at Beijing’s air quality monitoring stations.

Heaven is angry with Xi? And warning him that it will withdraw its mandate if he doesn’t change his ways? Remember that Xi changed the rules a few yrs back that he had to step down next year. He can in theory rule forever and a day.

Oil: who is right? Bulls or bears?

In Energy on 20/03/2021 at 1:49 pm

But first, Brent crude rose 1.4% to US$64.18 a barrel, having dropped by 7% on Thursday. 

But longer term chart as of Thursday

The IEA is not buying the supercycle hype. Wall Street has grown increasingly convinced that oil is heading into another supercycle as supply lags demand growth, which has helped fuel oil’s rally towards $70 a barrel this year. But the IEA argues “there is more than enough oil in tanks and under the ground to keep global oil markets adequately supplied”.

Oil demand has not peaked, but growth is set to slow. The group sees a sharp rebound in demand this year after last year’s collapse, but growth quickly fizzles from 2022. Forecasted global consumption of 104.1m barrels a day by 2026 is up more than 4m b/d from 2019. Yet the 2025 demand outlook is 2.5m b/d lower than the group’s last forecast, reflecting a rise in electric vehicles and more efficient petrol engines. Although oil consumption growth has been dented, it remains far too robust for the world to hit long-term net-zero emissions targets, the group said. Serious policy and consumer behaviour changes are needed to bend the trajectory lower.


Missed Telsa? Here’s the next Telsa

In Uncategorized on 19/03/2021 at 4:55 am

And it comes without Bitcoin, Musk and the Robinhood bros: all distractions.

It’s stolid and reliable because its German.

It’s Voltswagen. Google Volkswagen’s and Telsa’s production numbers of EVs.

Only two sh*thouse countries worse than S’pore

In Environment on 18/03/2021 at 4:09 am

Our CO2 emissions growth rate was the third worst of any, after Burundi and Niger. Natural gas still accounts for almost 96% of our energy mix at the end of 2019.

Things were made worse due to deforestation, which led us going from a net carbon absorber to a net emitter, from 2012 to 2014.

Being woke doesn’t help make $

In Corporate governance, Financial competency on 17/03/2021 at 11:09 am

The latest con in fund mgt is investing based on environmental, social and governance (ESG) factors. The spiel is that the better that cos do on ESG, they’ll outperform the less Woke

Well Danone and its CEO were very woke on ESG.

Investors were not impressed. The CEO was recently fired.

Why Wall St is kissing Biden’s ass

In Uncategorized on 16/03/2021 at 4:46 am

He’s giving retail investors $ (US$1,400 cheques sent to less well off Americans) to speculate: adding fuel to an already roaring fire.

Yum Seng

In Uncategorized on 15/03/2021 at 1:48 pm

Trebles all round

Buy Lithium ?

In Commodities on 14/03/2021 at 2:05 pm

Investors (Speculator?) are betting that the world’s shift towards electric vehicles and renewable energy will create a supercycle in the price of Lithium and other metals needed to make batteries.

Looking at this chart, Lithium is cheap

But bears look at this

WP: Finally

In Political governance, Public Administration on 13/03/2021 at 2:50 pm

10 years after Aljunied, the WP is finally doing what people like me hope they would do. Better later than never. Btw, I was wrong about Bayee. I tot he would keep on wanking like Low, rather than holding the PAP govt to account.

Covid-19: HK and S’pore tops in slowing spread

In Public Administration on 12/03/2021 at 8:35 am

Forward this to Mad Dog Chee, Goh Meng Seng and Terry Xu who think that everything PAP govt does in fighting Covid-19 is a disaster.

Why world should kiss Biden’s ass

In Uncategorized on 11/03/2021 at 4:27 am

Trump must be envious of Sleepy Joe.

Why did Harry and Meghan bare their fangs?

In Uncategorized on 10/03/2021 at 5:51 am

OR is it their “souls”? And play the race (very toxic and very woke) and mental health (very woke) cards?

This chart says it all: it’s all about ratings

The improvement in their ratings is “peanuts”. But they had to stop the decline. Harry’s ratings was about to go -ve, while wifey’s rating was already in deep trouble. So they went nuclear.

If they think they can hurt the British royals, they should remember that even the people’s princess, Harry’s mum, could not seriously damage the British royal family.

And look what happened to her. Died in a car crash while trying to avoid photographers. The driver – Henri Paul – had been drinking and the car had faulty brakes. Btw, her boy friend’s father signed off on the car and driver, not MI6. And his son was his favourite child.

God’s a fan of the Queen and her family and these two whining white horses should remember that fact.

Btw, can’t stop laughing that Harry and wife wanted to do their own thing but are now moaning that Harry is not getting $ from his family to support their life style. Reminds me of my tai tai friend: wants to live her own life but still expects her estranged ATM to keep on funding her and KPKBs when ex says “No more”. Tai tai’s luck runs out, heading for Woodbridge? and Tai tai forgot this.

Will US equity markets follow Chinese example?

In Financial competency on 09/03/2021 at 5:07 am

The Chinese economy doing well but Chinese stocks have entered correction territory.

Will we be seeing the US equity markets follow the same pattern?

PAP’s govt Covid-19 relief measures are third world not first world

In Public Administration on 08/03/2021 at 5:05 am

Going by what Heng said in his Budget statement, you’d think that our spending would be Swiss-standard. Well the spending is not. And other developed countries are spending a lot more than the Swiss.

Ain’t it funny that our five part-time PAP mayors are each paid more than the full time mayor of London, a global city, while us plebs don’t get first world Covid-19 help. Not that I personally need any help. But life is hard for many.

Why MU fans should be cheering

In Financial competency, Footie on 07/03/2021 at 6:17 am

MU recorded its first quarterly profit since before the pandemic took hold in March 2020. But because net debt has risen to £455.5m, up more than 16% from the same period a year ago, and cashflow worsened, investors sold the shares.

Still given its performance on the field, fans should console themselves that things could be worse. LOL.

Everyone’s wrong about the US$

In Currencies, Gold on 06/03/2021 at 1:19 pm

Strong US$ is another reason for gold’s weakness. Other reasons are rising interest rates, and Bitcoin usurping its place as a safe haven

Junta gives PM Lee the finger

In Uncategorized on 05/03/2021 at 8:26 am

Singapore’s Prime Minister Lee Hsien Loong has condemned the use of violence by Myanmar’s security forces against unarmed civilians protesting against last month’s coup.

BBC a few days ago after it report that 18 people had been killed.

Well, the Junta kept up the killing.

At least 38 people were killed in Myanmar on Wednesday in what the UN described as the “bloodiest day” since the coup took place a month ago.

BBC on Thursday

PM is not his pa, as his siblings like to say.

Gold’s not going anywhere

In Gold on 04/03/2021 at 10:26 am

Fill yr boots with commodities?

In Commodities, Energy, Financial competency on 03/03/2021 at 6:25 am

Commodities are having a great run

But commodities are cheap, if one compares them with the cost of US equities.

“[W]e gatekeep ‘excessively’ to the extent that we forget that gatekeeping incurs costs”

In Public Administration on 02/03/2021 at 11:03 am

Here’s an interesting FB post from someone who is a volunteer in a social welfare group that he calls “CRT” in the text. CRT works with govt agencies: it submits applications on behalf of those looking for help from mthe govt.

Can u imagine the loss of productivity that results from his submissions and the efforts of the civil servants checking his submissions?


I spent almost all of my ‘working’ hours today processing 3 financial assistance applications. It’s a programme offered by one of the social service agencies which CRT is collaborating with. The work includes explaining to people what this programme is about, how it works, interviewing them for the data required for the application, and collecting a whole ton of information (if I were to be a PDPC auditor, I think my assessment would be that this agency and programme is collecting far more information than they need for the purposes of the programme/assessment of application…), and then uploading and keying everything into the system.

Here’s what’s on the table. Each household whose application is approved receives up to $4,560 over a duration of 12 months.

As I trudged on with the all the administrative work, I asked myself whether this is ‘worth it’. Is it worth all the time we put in to get this application through? Is this level of gatekeeping worth it, and to what end?

I regularly ‘argue’ that sometimes we gatekeep ‘excessively’ to the extent that we forget that gatekeeping incurs costs. And it’s incredibly difficult to have the conversation on how costly gatekeeping is, simply because there seems to be little effort to track it. Or if the data is available, there is great reluctance to share it transparently.

But I guess today is a small experiment on quantifying the costs of gatekeeping. My last drawn pay (I last worked part-time, very entry and lowest-paid-rung kind of job at a social service agency), if pro-rated to full time, would be $2,000 gross. This means that it costs $100 for me to put up 3 applications. There has to be someone on the other end to review and approve the application, which I shall assume will incur the same costs too (they are likely to spend a lot of time looking at the application too, or maybe they’ll be paid higher than me lol). This is just to put up the application.

There’s a component of monthly review in this programme. So that takes up approximately 1 hour of my time per household. So that’s $11 per month per household. Assuming same assumptions above, the reviewing agency incurs $11 per month too. So that’s $22 per month.

That makes it approximately $60 (one-time) plus $22*12=$264, which in total adds up to $324 to gatekeep an assistance package worth $4,560 a year for one household. The estimated human cost of gatekeeping this amount of benefit amounts to 7% of the total benefits that goes directly to the intended ‘beneficiary’. The real cost is often higher because things happen, bureaucracy is inefficient, blah blah. I’d say the real labour cost to gatekeeping is around 10%. (Ok, I haven’t include the incredibly expensive costs to have Adobe Acrobat Pro installed, because we need to combine PDF files easily and encrypt them and blah blah. And other sort of these administrative costs lah).

Do you think it’s worth it?

And before you think – hey, it’s not that bad, this is just one programme – many low-income household apply for many different schemes, programmes, benefits etc. So it adds up to quite a significant amount of resources spent on gatekeeping. If you have some experience in the social sector, I invite you to tell me that’s not true. This is an inevitable, perhaps intended (?), consequence of ‘many helping hands’ approach. Well, I’ve said many things about ‘many helping hands’ approach, but one thing I’ll say again is that while most will agree that there is value in multiple stakeholders coming in to provide different services, harness a diversity of talents and skills to support people etc.; there is to me absolutely very little logic in ‘many helping hands’ to deliver material resources (for instance, go to SSO to apply for this, go to MUIS/CDAC to apply for that, go to hospital to apply MediFund, go to AIC to apply for this long-term care scheme, go to IMDA to apply for that digital inclusion scheme, go to MOE to apply for FAS, and the list goes on…)

Do you have any idea exactly how many schemes are out there, either by the Government or funded significantly by the Government, and how much time it takes to apply for them, and how much labour costs we incur to administer these schemes and ‘gatekeep’? And then we end up at: too many schemes and services! Need coordinators, need navigators, need information and referral services. And then the ‘problem’ of the system becomes the need for integrated and coordinated social service delivery. Yah, I like that also, but is that really tackling the issue at crux here? So all this is really an absolute nightmare, and in many ways invite us to question the failures and problems with charity and our existing social welfare paradigm.

And now I shall uncomfortably and very very briefly step into the political minefield called ‘do CDC mayors deserve to get paid so much’? I suspect the reason why many are questioning (note: not exactly against or completely rejecting, but simply questioning) the roles of CDC and mayors is this: we pay you so much taxpayer monies, to create more programmes and schemes, but to what end? To incur more costs to administer and gatekeep? Why can’t the money and resources go directly to the ‘needy’ and ‘low-income people’ the CDC and mayors are intended to serve? Heck, we should staff the CDCs exactly with these low-income people who are trying to find a job (and how many of these CDCs are staffed like that?) After some preliminary attempt at quantifying, through my own case study, the labour costs incurred when we have too many schemes and programmes, too much gatekeeping, I can only say that the doubts and questions about CDCs and mayors continue to intensify and deepen.

All of this should invite all social service practitioners to think about the administrative and gatekeeping costs that we incur with each programme, scheme etc. – no matter how well-intended. If we could do away with some unnecessary or excessive gatekeeping, my hope is that these resources can be better diverted to better places, like to people-in-need directly. Anyways, seriously who enjoys doing all this administrative gatekeeping work?? Don’t we have better things to do with our time???

I am very much part of the exact problem I am describing above, so it’s for me to reflect myself and imagine how we can transform our own internal practices, systems and policies. But really, this is more than that – it is matters of culture, paradigm and ideology.

Happy Sunday. It’s 12am and I really like to sleep but no, I’ve gotta head back to the paperwork mountain because the application portal died on me just now, which is how I ended up writing this post (!)I

Covid-19: Russians rip-off Africans

In Uncategorized on 02/03/2021 at 5:54 am

The African Union will pay three times more for Russia’s Sputnik V jab than it is paying for western vaccines. The US$9.75 price per dose for 300m shots of the Russian vaccine compares with the US$3 a dose the AU has agreed for the Oxford/AstraZeneca and Novavax jabs made by the Serum Institute of India, 

The AU is buying jabs on behalf of its member states to supplement supplies from Covax, the WHO-backed facility supplying vaccines to poorer countries, which delivered its first jabs to Ghana last week week.

Comparing Covid-19 vaccines

In Uncategorized on 01/03/2021 at 6:10 am