atans1

Archive for the ‘Malaysia’ Category

Iskandar prices off a cliff already? Stabilising?

In Malaysia, Property on 24/05/2015 at 10:05 am

Nah remember the supply

https://atans1.wordpress.com/2015/04/18/iskandar-dummies-guide-on-why-its-rubbish/

https://atans1.wordpress.com/2015/05/02/iskandar-umno-dap-mps-agree/

When a PAP minister (think Lawrence Wong) voices concern over oversupply there, cybernuts who infest TRE (like rats and bugs infest Bukit Batok and suicides inhabit Bedok Reservoir) should be buying Iskandar properties since they always say “PAP always wrong. But then they got no money, and have no access to credit. Even ah loongs avoid them.

Eat yr hearts out Pinoys, Dr M

In Indonesia, Malaysia on 23/05/2015 at 5:13 am

Our economy in absolute terms is bigger than PeenoyLand. And we only slighly smaller than M’sia. Only Thailand and Indonland bigger than us in absolute terms.

Iskandar: UMNO, DAP MPs agree

In Malaysia, Property on 02/05/2015 at 4:24 am

It’s in deep trouble. They all have constituencies in the area.

Picking up on a warning by Malaysia’s largest bank of the risks of a housing glut in Iskandar, Johor lawmakers have cautioned against foreign investors’ optimism about the development corridor’s economic boom and population growth, saying that demand for premium homes in Iskandar has lagged far behind supply.

“There is a misconception about the demand market here … there is a clear mismatch between supply and demand,” Mr Shahrir Abdul Samad, Member of Parliament (MP) for Johor Baru, told the Malay Mail Online.

“There is an oversupply of premium properties, (but) the demand … is for medium- and low-cost ones, owing to people’s incomes,” added the former Domestic Trade and Consumer Affairs Minister.

Mr Shahrir said it was only natural for developers of premium residential properties in Iskandar to be hardest-hit by the dip in prices and secondary sales, as those projects were never the focus of the region.

“You have to be fair to Iskandar, as housing was never part of its main draft. The crux of its investment was more on services, hospitality and manufacturing, as well as allocations for small- and medium-sized enterprises. The investments we are interested in are not housing, and this is why we have called in Pinewood and Legoland to Iskandar,” said Mr Shahrir, referring to South-east Asia’s largest integrated studio facility and the popular theme park, respectively.

“That is the main investment strategy, but because of all these, foreign developers think there is a demand for their properties, and that is not happening. This is what’s happening, and they have to live with it. If they are willing to take the risk, then we can’t stop them,” the senior lawmaker from United Malays National Organisation (UMNO) said.

Dr Boo Cheng Hau, Johor opposition leader and Skudai assemblyman, noted that these residential projects were launched without sufficient supporting services or industries in place to make them viable in the near term.

The Democratic Action Party (DAP) MP said the region was not yet able to accommodate a surge in tourism or fulfil the needs of foreign investors seeking to take advantage of Malaysia’s second-home schemes.

“There will be a sustainable demand for properties here, but not in the near future. It will take another five to 10 years to see a boom in sectors such as manufacturing, services and so on, (and) a more steady increase in demand for properties,” Dr Boo said in an earlier email interview.

Mr Liew Chin Tong, DAP’s Kluang MP, stressed that the rapid pace of property development in Iskandar had no real legs on which to stand, a situation that is not helped by the nationwide slowdown in the property market.

“Johor is a case of killing the golden goose too fast, too greedily. The property market is not sustained by a genuine working population with income to support their investments, while borrowing rates are surging, waiting for the bubble to burst,” Mr Liew said when contacted.

But here’s one UMNO optimist:

However, UMNO’s Pulai MP, Mr Nur Jazlan Mohamed, believes the upcoming RM53 billion (S$19.7 billion) Pengerang Refinery and Petrochemicals Integrated Development (RAPID) project will provide the needed jobs and spending capacity to revive the region’s flagging property market.

“Property in Iskandar is experiencing a down cycle, but (sales) will pick up once corporate businesses like RAPID kick-start. Once corporations set up businesses in Iskandar, things will pick up. When businesses come in offering higher job opportunities, only then will the supply (of residential property) be taken up. (Iskandar) will not become a white elephant,” he said. MALAY MAIL

(20 April Today)

Thailand, M’sia, S’pore got a problem/ S’poreans stupid?

In Economy, Financial competency, Malaysia, Property on 26/04/2015 at 3:21 am

Singapore – where the ratio of household debt is 75% About 75% of this household debts are mortgage loans – See more at: http://www.straitstimes.com/news/opinion/eye-the-economy/story/spore-not-headed-debt-disaster-20141125#sthash.oh3vAXO3.dpuf

The “affordable” 25 year HDB loan is responsible for S’pore’s high household debt. And remember it’s not freehold not a 99-yr lease from the govt.

S’poreans like Brits are stupid? [T]he economists calculate that homeowners discount future benefits over the very long run at a rate of 2.6% per year. This is lower than the rates used by governments to assess infrastructure projects or by pension funds to evaluate their liabilities, and suggests that the general public is more patient than the authorities give it credit for.

http://www.economist.com/blogs/freeexchange/2015/04/very-long-run-discount-rates

More CGT BS? Swiss Standard? What Swiss standard?

In China, India, Malaysia on 25/04/2015 at 5:19 am

Switzerland has been ranked the happiest country in world.

http://www.bbc.com/news/business-32443396

Singapore is ranked 24th But is tops in Asean and region. Thailand is placed at 34, Taiwan (38), Japan (46), South Korea (47), Malaysia (61), Hong Kong (72), Indonesia (74) and PinoyLand (90).  China and India are found lower down the scale at 84 and 117 respectively

More FTs like him pls

In Malaysia on 19/04/2015 at 4:45 am

Born in Penang, Malaysia, before being raised in Singapore …

The founder and design director of Singapore-based SCDA Architects, Mr Chan has over the past 20 years built up a business that today employs more than 100 architects and designers.

Its past projects around the world range from luxury hotel resorts in Bali and the Caribbean, the National Design Centre in Singapore, a shopping centre in Beijing, a government building in New Delhi, to private houses from France to Malaysia.

http://www.bbc.com/news/business-32147965

Not only that, he got six sons.

And less of Foreign Trash like Han Hui Hui and local trash like Roy Ngerng anf Amos Yee and Lionel de Souza.

Iskandar: Dummies Guide on why it’s rubbish

In Malaysia, Property on 18/04/2015 at 4:08 am

Buy Klang Valley :

Klang Valley, in particular, is preferred because of the upcoming KVMRT and LRT lines, and potential KL-Singapore high-speed rail project, which will end at Bandar …

More importantly, the strong population growth potential in Greater KL and Klang Valley – a possible 40 per cent increase to 10 million by 2020 – offers more sustainable demand for properties, it added.

And Penang instead

Err both Oppo areas.

(Above courtesy of MayBank via CNA)

Sultan of Johor will not be happy. MayBank executives (esp analysts) should avoid JB. Neither will UMNO be happy even though most of Iskandar is in a DAP consituency (MP Lim Kit Siang: he and his son came down to see LKY when the DAP won Penang. Got kow tow meh?)

Caution advised on IskandarLand

http://www.channelnewsasia.com/news/business/caution-advised-on/1790094.html?cx_tag=recommend4u#cxrecs_s

The property oversupply situation in Iskandar Malaysia, Johor, is “likely to get worse before it gets better”, said Maybank Investment Bank’s research … report, with property values in an increasingly crowded development space possibly declining over the medium term.

In a research note … (Apr 14) urged investors to be cautious about the region, noting that property transactions and prices in Iskandar have been dropping.

The value of property transactions in Johor had fallen by 33 per cent quarter-on-quarter in the Q4 2014, underperforming the country (-7 per cent) and other major cities such as Kuala Lumpur (-12 per cent) and Penang (8 per cent).

Property prices in Johor were also weaker than that of other cities, with the House Price Index (HPI) contracting 1 per cent quarter-on-quarter. In contrast, property prices in the whole of Malaysia dropped 0.2 per cent …

Residential and commercial property transaction values plunged 42 per cent and 43 per cent on-quarter in the fourth quarter 2014, respectively, compared to the 4 per cent dip by industrial properties.

“The latest statistics reaffirm our view that industrial properties are a better investment choice in Iskandar due to the relocation of small medium enterprises (SMEs) from Singapore and its relatively limited supply as compared to residential and commercial properties,” …

OVERSUPPLY AN ISSUE

… Malaysian developers have scaled back their launches and shifted their product mix to avoid direct competition with Chinese developers, and have lowered sales expectations for their projects at Iskandar.

“Judging from the number of approved high-rise projects, the Iskandar property market could be hit by too much supply of high-rise mixed development projects if there is still no coordinated planning and control – this will induce price volatility,” Maybank analyst Wong Wei Sum …

“The oversupply situation will be exacerbated by the huge incoming supply in 2015/2016, where units under construction have risen 18 per cent year-on-year in 2012 and 2013, respectively.”

“AGGRESSIVE” LAND GRAB BY CHINESE DEVELOPERS

… raised concerns about “aggressive landbanking activities” by Chinese developers in the already-crowded Iskandar region.

“Without coordinated planning and control, this could aggravate the oversupply situation and induce price wars, especially in the high-rise mixed development segment.”

 

For instance, Shanghai-based Greenland Holdings Group recently expanded its foothold in the space with the acquisition of a 128-acre freehold land in the south of Bandar Baru Permas Jaya. This was after its first purchase of 14 acres of land in Danga Bay in 2014. The company is also looking to acquire about 1,200 to 1,400 acres of industrial land near the Tanjung Langsat Industrial Complex, according to Maybank.

“If this materialises, Greenland will emerge as one of the largest land owners in Iskandar with a total landbank of 1,342 acres and it would pose strong competition to the local developers,” the report said.

RECLAMATION PROJECT PRESENT “HIGH ELEMENT OF RISK”

… it is “cautious” over “massive land reclamation” in Iskandar.

Reclamation works spanning 3,425 acres for the Forest City project has been given the green light from the Development of Environment. The development will spread over a 30-year period, and will consist of four man-made islands reclaimed in four phases.

“The execution and planning of such reclamation projects is complex, especially Forest City, and carry elements of risk and uncertainty. Hence, developers’ financial positions are paramount; else we may see projects being abandoned or price wars initiated to clear inventories or reduce sales risks by the developers,” …

“More importantly, the failure of any of these projects could erode buyers’ confidence and perception on Iskandar.”

… it remains cautious on property exposure in Iskandar, instead preferring developers with exposure in the Klang Valley and Penang.

 

U$875 million M’sian IPO/ SGX, where are the IPOs?

In Malaysia on 14/04/2015 at 1:03 pm

Malakoff Corporation, the largest independent power producer in Malaysia, will start taking orders on April 17 for its 2.7 billion ringgit, or $752.4 million, initial public offering, Reuters reports, citing people with knowledge of the share sale.

Meanwhile here our FTs in SGX are juz taking their salaries and doing bugger-all. Trying to revive S-Chip IPOs despite retail investors losing millions in last S-Chip bubble. WTF!

Iskandar: Developers must be desperate?

In Malaysia, Property on 11/04/2015 at 4:16 am

Last Saturday, a freesheet published a puff piece on why it’s good to live in Iskandar and commute, and why it’s a good investment. No mention was made of the huge hikes in the tax on driving to and fro.

A day or two later M’sia again hiked it’s vehicle entry fees: by $7.25 I think. We know what the policy here is don’t we? S’pore with match the increase.

Rumour is that M’sian federal govt hiked fees last year, to warn the sultan of Johor not to to seize executive power in the running of Johor.

Will we be seeing Iskandar property ads in the freesheet?

M’sian politicans want to learn from PAP administration?

In Malaysia on 28/03/2015 at 4:56 am

“Selangor is a key state in Malaysia,” said Mr Azmin, Chief Minister of Selangor. “We will try to emulate some of the policies implemented in Singapore. I will visit Singapore soon to learn how the Housing Development Board develops low-cost houses for the lower-income group. This is one agenda I will give priority to.” CNA

So they going to stop being corrupt?

The passing of Singapore’s founding Prime Minister Lee Kuan Yew has prompted some young Malaysian politicians to take a hard look at the kind of leaders they want to be. CNA

Update at 7.20am:

Err maybe they can learn how to make the taxpayers pay them multi-million salaries while they bitch about low pay. Doubtless Grace Fu and Jos Teo can teach them?

Btw, interesting that Robert Kuok disagrees with the idea that ministers should be paid millions, and that pigs (he and LKY are pigs) are greedy by nature

http://www.straitstimes.com/news/singapore/more-singapore-stories/story/remembering-lee-kuan-yew-the-greatest-chinese-outside-ma

Johor Chief Minister gets it, our PM still doesn’t

In Malaysia on 14/03/2015 at 4:30 am

Following complaints from Singaporeans about the inconsistent housing policies in Iskandar, Johor’s Chief Minister said that he makes policies “that look after the interest of Johor people”. He has the interests of his people above the interests of foreign investors he claims. But given that large sections of the Chinese population in Johor vote for the DAP, they don’t believe him.

Likewise, many S’poreans (self-included) doubts that PM and his PAP administration put the interests of S’poreans above that of FTs even though PM said in 20111 the intake of foreign workers contributed to the Republic’s 14.5% economic growth last year, and subsequently led to the budget surplus and Grow & Share package.

 

Cause of plankton bloom?/ Three cheers for Tessa Wong

In Environment, Malaysia, Media on 10/03/2015 at 5:43 am

Several fish farmers told the BBC that rapid development in the western part of the strait in Johor, the Malaysian state closest to Singapore, was one of the factors affecting the water quality.

“The plankton bloomed this fast because the nutrient content in the sea is so high. And where are all these nutrients coming from? Land reclamation in Malaysia,” said Frank Tan.

[Err these guys must be shell shocked by the losses, deaths and stench; water from Western Johor I.e. Iskandar can’t flow East because of the Causeway]

But tiny Singapore has also reclaimed parts of its northern coast, and dammed up estuaries in the northeast to create reservoirs. It has pumped millions of dollars into the fish farming industry to boost its domestic food security.

Latest government figures show there are now 117 fish farms in waters surrounding the island, spread out over 102ha – twice the amount of space compared to a decade ago.

http://www.bbc.com/news/world-asia-31724554

Typical of the PAP administration under Ah Loong: one part messes up the sea in the NE by damming estuaries and reclaiming land, another promotes fishing farming in area. Looks like more work for Grace Fu’s cordinating unit? She will be bitching* for more pay?

Btw the BBC reporter, Tessa Wong, was formerly from ST. Shows that ex-ST journalists can be fearless, objective after they leave ST. Until I read the BBC piece, I didn’t understand how bad the situation had become because our constructive, nation-building media focused on the dead fish and the losses to the farmers, not on the wider ecological and environment situation.

Oh and M’sia can tell us to bugger-off if we complain about M’sian land reclamation etc affecting S’pore. It can, rightly say, “If you can damage yr environment by yr reclaimation and other projects, why can’t we?. Not as though you guys are doing right by the environment.

*In January 2012, she expressed concerns over the planned 36-37% income cuts for ministers, saying that if ministerial pay was further reduced in the future, it would “make it harder for anyone considering political office”

 

FT PRC does us proud

In Indonesia, Malaysia, Vietnam on 07/03/2015 at 5:07 am

This S’pore-based co was founded by Forrest Li, an American educated PTC. A foreign talent indeed.

Since starting in 2009, Garena has rapidly expanded into multiple product lines. It started off creating software that linked people up for multiplayer games, then ventured into game distribution.

In 2010, it launched a mobile social network called Garena+, and more recently unveiled a couple of chat apps (BeeTalk is one) and a payment network called AirPlay. It has even launched its own venture capital firm to invest in startups. Garena has invested in Redmart, an online supermarket in Singapore.

The company claims to have 17 million monthly active users on the PC and 11 million on mobile. Most of its users come from Southeast Asia, but it has expanded into Taiwan and Hong Kong as well. It made S$31 million (US$22 million) in revenue in 2012, growing three times from the year before, according to Garena’s financial documents. In 2014, its annual revenue reached US$200 million.

The company is said to have become the top games publisher in Southeast Asia after itreceived an investment from Chinese internet giant Tencent, which also gave Garena an exclusive license to distribute League of Legends in the region.

According to the Financial Times, the OTPP investment values the company at over US$2.5 billion. Garena wouldn’t confirm the valuation figure.

https://www.techinasia.com/garena-raises-money-ontario-teachers-pension-plan/

It has reecently raised a new round of funding, led by The Ontario Teachers’ Pension Plan (OTPP) with participation from existing investors.

FT reported:

In China, e-commerce sales make up more than 10 per cent of total retail sales, according to RHB, a Malaysia bank. That compares with only 1 per cent in the 10 countries of Asean, of which Indonesia is the largest, followed by Thailand, Vietnam, the Philippines and Malaysia.

RHB says there are “no clear dominant regional [Asean] players at the moment” but that the market is “about to take off” given rapid growth in internet penetration and the adoption of mobile technology by young people among the 620m Asean population.

UBS, the Swiss bank, says that most internet traffic in Asean comes from mobile devices as the traditional PC has been circumvented by the arrival of 3G services.

Garena is among a new group of regional online gaming and e-commerce companies that have moved rapidly into Indonesia, Malaysia, Vietnam and Myanmar with mobile-based applications for gaming and messaging. They include OffGamers, Asiasoft and Nasdaq-listed MOL, a Malaysian group.

Internet-based retailers have also made inroads, including Lazada.com, which has said it aims to be the Amazon of Southeast Asia.

 

 

Iskandar: Hoping for Chinese buyers? Dream on

In Malaysia on 28/02/2015 at 4:48 am

Funny people M’suan developers. They miss fears of a property glut in Iskandar http://business.asiaone.com/property/news/housing-glut-worries-over-johors-mega-projects saying that the Chinese from China (not S’pore) will buy the properties.

Well there is a very influential group of Malays in UMNO (the top dog in the ruling National Front) that has a problem with local Chinese. They’d freak out over an influx of real Chinese buyers living in Johor. They are likely to view such buyers as a fifth column for the Chinese enclave off Johor>

And for the developers to assume that the potential buyers are clueless about the racial tensions is an assumption too far.

How many Waterfront cities will eventually be built?

In Malaysia on 24/01/2015 at 4:44 am

After all neither the PRC developers nor their M’sian partners have good reputations for reliability. And then there is the issue of escalating tolls. I heard an interesting story that M’sia raised its tolls (which led S’pore to follow) because the federal govt wanted to send a message to the sultan of Johor to behave. Remember the row when there was an attempt to extend his executive powers? There was a plan to allow him personally senior officials of a Johor state agency invvolved in land development.

The latest is on the east side of Causeway http://business.asiaone.com/news/new-jb-waterfront-city-facing-spore

Here’s a good ST graphic of the various projects

All built on sand: an interesting take on the importance of sand http://www.harvarddesignmagazine.org/issues/39/built-on-sand-singapore-and-the-new-state-of-risk

Other problems for M’sia, Thailand/ Bull pt for Indons, Pinoys and Viets

In Indonesia, Malaysia on 18/01/2015 at 4:24 am

Malaysia … have to cope with lower tax revenue from energy, minerals and other commodities. In Thailand, the central bank is hoping for a lift in public spending to revive growth; but the military-backed government is finding it hard to spend the 2015 budget.

Thailand will need monetary stimulus this year. 

—–

Relatively young countries like Indonesia, Vietnam and the Philippines drag down the average age.

http://blogs.reuters.com/breakingviews/2015/01/16/asias-big-demons-debt-deflation-demographics/

 

Only in M’sia?

In Malaysia, Uncategorized on 10/01/2015 at 3:37 pm

Homeless people who attended a government-run event in Malaysia were given household appliances as gifts, it’s reported.

Munirah Abdul Hamid, founder of the Pertiwi Soup Kitchen in Kuala Lumpur, …”Some of them came up to me and asked if I would like to buy the appliances as money would have been more valuable to them,” she says, adding that food or clothing would have made better gifts. The federal territories minister, Tengku Adnan, concedes the event wasn’t perfect, describing it as a “trial-and-error experience”, and doesn’t mind if people sell the gifts for money. “They can do as they please,” he says. “Next year, we will improve and give something else to the homeless.”

http://www.bbc.com/news/blogs-news-from-elsewhere-30727794

M’sia, Thailand among 7 best places to retire

In Malaysia, Uncategorized on 10/01/2015 at 4:24 am

http://www.bbc.com/capital/story/20141231-the-worlds-best-places-to-retire

(Panama sounds interesting)

And given the strong S$ and the value of property here*, we S’poreans got options to move on and yet remain nearby. Yet people like Goh Meng Seng and Andrew Loh die die want S’poreans to live and die here. They should let S’poreans decide, not insist that real s’poreans sgould stay home.

—–

*Surely the PAP administration has shumething to do with these?

Another clueless Asean PM

In Malaysia on 29/12/2014 at 12:00 pm

Golfing while his country is flooding: PM Najib was criticised as photos emerged of him playing golf with President Obama on Christmas Eve.Obama and Razak playing golf on Christmas eve 2014

Our PM and Najib are sons of PMs who are highly regarded as effective, strong leaders. But, they bit like this guy? The grandson of another effective, strong leader?

An undated handout picture released by the North Korean Central News Agency (KCNA) on 27 April 2014 shows North Korean leader Kim Jong-un (C) looking at a computer screen along with soldiers of a long-range artillery unit at an undisclosed location in North Korea.

Stranger than fiction intro

Still want to buy property in M’sia especially Iskandar?

In Malaysia on 21/12/2014 at 4:24 am

Getting cheaper by the day: both prices and M$*.

https://sg.news.yahoo.com/tough-times-ahead-iskandar-malaysia-properties-153737651.html

Soon Fandi will beable to afford to retire in M’sia. But he might find the tolls too expensive: S$13.10 to JB and S$12.40 at Tuas, and another S$7.70 (M$20) from next yr according to M’sian govt.

*Updated at 5.45pm

The Singapore dollar continued to weaken against the US dollar on Friday (Dec 19). While currency strategists are anticipating the downward trend to continue – with the US Federal Reserve expected to hike interest rates – they also see the Singapore dollar maintaining a strong position against some of its regional counterparts.

The US economy is showing strong signs of recovery as indicators like growth and jobs continue to gather momentum – that is helping to drive up the greenback as the US Federal Reserve tightens its monetary policy.

The Singapore dollar has been on a steady downward slide in recent months and currency strategists expect it to end the year fairly stable at around S$1.31.

Mr Khoon Goh, a senior FX strategist with ANZ, said: “For the Singapore dollar, we are expecting it to be fairly stable going into the year-end. Based on current levels, it will probably end at around the S$1.31 level. Heading into the next year, we are expecting a further depreciation of the Singapore dollar. We are forecasting a year-end 2015 target of 1.33. 

“This is a fairly modest depreciation against the US dollar, and that is partly because we expect the Monetary Authority of Singapore to continue to maintain its policy of a modest and gradual appreciation of the SGD NEER basket. Against other regional currencies, however, I think that is where the SGD is set to outperform.”

Against regional currencies, the Singapore dollar has hit historical highs against the Malaysian ringgit and Indonesian rupiah. It has also gained ground on the yen due to monetary easing by the Bank of Japan.

“In that sense, the Singapore dollar has held up quite well against these currencies, but the Singapore dollar has also underperformed against the likes of the Thai baht, Philippine peso and Chinese currency,” said Mr Sim Moh Siong, director and FX strategist at the Bank of Singapore.

“The ‘middle of the pack’ ranking will likely stick as we head into next year. If you look at the Singapore dollar relative to its basket, it has been pretty stable, even amidst the emerging market turbulence led by the big drop in the Russian rouble and oil price decline,” he added.

Amid current volatility linked to oil price declines, the Singapore dollar has been relatively stable compared to currencies of oil exporting economies. With its strong fundamentals, it is being seen as a safe haven among regional and emerging market currencies. Therefore, market watchers said that it remains attractive to investors in times of financial market uncertainty.

CNA

“News” and “no-news” that annoyed me

In Humour, Malaysia on 07/12/2014 at 4:45 am

Emeritus Senior Minister Goh Chok Tong has received a “clean bill of health” from his doctor after undergoing surgery for prostate cancer, and is now back at work. (CNA)

You mean he working? Doing what? Talking cock is work?

2 Tampines GRC MP Baey Yam Keng told CNA that even though he gives people the impression that he is a very active and sociable person, he is actually an introvert.

“I think I give people the impression that I’m a very active, sociable person… doing a lot of things. But I’m actually quite an introvert. Really! It’s just that I’m active online so there are certain posts people remember and they form certain impressions about me,” said Mr Baey chuckling.

As TRE pointed out,  netizens have nicknamed him “Selfie King” because of his penchant for taking photos of himself at various events and at every opportunity, posting them online. He frequently makes postings of himself on Twitter, Instagram and Facebook, sometimes multiple times a day.

3 Bit rich, what coming from a M’sian publication that is in same group as NST which promote special rights for the “right” race:.

“What does this policy say to us? That Filipinos can be maids but not servers? Indians are good for being construction coolies but we don’t want to see them as hotel staff? This is why you see Mandarin-speaking servers struggling to pronounce Palak Paneer across the curry houses of Singapore.”

I was juz talking to a retired Bumi financier and he was musing that Bank Negara has never had a Chinese governor, despite many capable deputy Chinese governors.

4 In an interview, PM Lee said that his children “have not yet” expressed an interest to enter politics.

When asked if he would influence or encourage his children to join politics, Mr Lee said, “They will have to make choices.”

“Every child is different. Of course parents would wish for their children to be successful but they all have different natures. Some may be more interested in arts while others could be keen on computing or science. This is something that will have to be developed based on their preferences.” (PM Lee was interviewed by Yang Lan on Beijing Satellite TV while he was in Beijing for the Asia-Pacific Economic Co-operation (APEC) summit last month but aired here last Sunday)

So he telling us that he trying to persuade one of his sons to go go into politics? Like the way LKY persuaded him to get into politics? To be fair to him, the rumours are that that his wife has political ambitions for one of her sons. It’s also rumoured that his bro’s wife has political ambitions for one of her sons. Rumours also say that the bros are really relaxed about their sons not wanting to S’pore.

The absence of reports on the following is

Last Saturday was another Return Our CPF gig at Hong Lim Green. The MSM didn’t report it. But neither did TOC, ot TRE or Roy and New Citizen H3. So did anyone turn up?

And still no word from the WP on the arrears issue. Mgt systems must really be lousy.

And I’m surprised Goh Meng Seng is not attacking WP on this issue. But then maybe he focuses only on of inconsequential matters, not serious issues.

Now this had me smiling: Roy says  he is stopping blogging. His verbal diarrhea finally sucumbed to SingHeath’s tablets. (subsidised)?

But then Roy talks cock? Remember his research that PM stole our CPF money? Then he said he was talking rubbish and that the allegation wasn’t true?

Have a gd week.

Btw, if this post sounds familiar it’s ’cause I first posted something similar on Friday. Something went wrong and it disappeared. It ended up between two posts, days ago. So I reposted it with some amendments.

Help out Singkie investors, retire to Malacca or Penang

In Malaysia on 06/12/2014 at 4:36 am

Unlike me, a friend’s friend has done his research on retiring in M’sia. Renting a place is the biggest expense (like me he doesn’t believe in buying in M’sia*) and the cheapest place to rent in a near-to-S’pore urban environment is Malacca or Penang.

This is because S’poreans who invested in apartments there have serious problems renting them out. They forgot that land is plentiful even in Malacca and Penang.

So do yr fellow S’poreans and yrself a favour, go retire in Penang or Malacca. And there is the added advantage of easy access to first-world medical treatment at M’sian prices.

Btw, he calculates that a couple can live in Penang or Malacca very comfortably at S$2,500 a month. To retire to Cameron Highlands (my fav) is more expensive (S$3,500). Rent is expensive there as development is controlled.

Btw2

Singapore took a tumble on the list of 50 Most Inspiring Cities in the World, down from number two last year to number 21 this year.

The GOOD City Index describe itself as a celebration of the 50 cities around the world that best capture the elusive quality of possibility.

The index looked at eight areas; hub for progress, civic engagement, street life, defining moment, connectivity, green life, diversity, and work/life balance.

Hong Kong took the top spot on the list this year, climbing up from the 24th position last year.

Other regonal cities on the top 50 list include Delhi, Kuala Lumpur, Mumbai, Seoul, Shanghai, Taipei, and Tokyo.

https://sg.finance.yahoo.com/news/spore-no-longer-second-most-inspiring-city-090840888–sector.html

—-

*latest example of capriciousness of M’sia’s rulers: the Malacca state govt is planning to seize property that the Portuguese, Dutch and British handed out.

HORRORS: S’pore next to bottom in Asean ranking?

In Indonesia, Malaysia, Vietnam on 08/11/2014 at 7:18 am

 

Real GDP growth forecasts

 

The Thais can blame the political problems there. Govt here blames the “deft” locals for insisting that govt cuts back on its uber liberal immigration policy? To be fair, we’ve the only developed country in Asean, so lower growth rates are par for the course. Tell that to TRE ranters and other anti-PAP paper warriors: they blame the PAP for everything that isn’t “right” here. .

 

Asian economies GDP chart

Oil crash: US hegemony at work?

In Commodities, Malaysia on 21/10/2014 at 1:16 pm

Lower oil prices … Are they also a potent US weapon against Russia and Iran?

That’s the conclusion drawn by New York Times columnist Thomas L Friedman, who says the US and Saudi Arabia, whether by accident or design, could be pumping Russia and Iran to brink of economic collapse.

Despite turmoil in many of the world’s oil-producing countries – Libya, Iraq, Nigeria and Syria – prices are hitting lows not seen in years, Friedman writes.

Rather than look at the causes, however, Friedman says to look at the result – budget shortfalls in Russia and Iran – and what it means.

Who benefits? He asks. The US wants its Ukraine-related sanctions against Russia to have more bite. Both the Saudis and the US are fighting a proxy war against Iran in Syria.

“This is business, but it also has the feel of war by other means: oil,” he writes.

http://www.bbc.com/news/blogs-echochambers-29651742

Btw, weak oil prices makes it more difficult for M’sia to fund its budget.

First Iskandar, now Penang: Harry’s having the last laugh?

In Malaysia on 18/10/2014 at 4:30 am

Next stop Selangor?

LKY’s Operation Trojan Horse” of owning M’sia via the DAP is coming thru? Huat Ah!

Let me explain. Sometime back,  I pointed out that S’poreans own Iskandar. True the Johor state govt and federal govt are messing us up. Even Johor’s royalty is joining in.  But at least the founding father of the DAP is now MP of much of Iskandar.

And his son, Penang’s chief minister now says, Penang is vying to become the next hub for Singapore companies’ regional expansion, with the state government open to more opportunities for bilateral partnerships, its Chief Minister Lim Guan Eng said on Tuesday (Oct 14).

“We are putting ourselves on the map – that Penang is open for business, and you can set up your plants here at very attractive rates,” said Mr Lim, who was in Singapore to unveil BPO Prime, a S$500 million mixed-use development project led by Singapore investment giant Temasek Holdings and Penang Development Corp (PDC) – the state’s development agency.

“We can complement the role played by Singapore. We have a technology and electronics cluster, and I believe you should use our core competencies in manufacturing to grow your services sector. The key is convergence,” he said.

“Singapore’s investment into Penang jumped from RM61 million (S$23.8 million) to RM622 million between 2012 and 2013. We feel there is room to grow – and what better way to grow than working together? That’s why we have asked Temasek to come in, not just as an investor but also as a player,” …

BPO Prime and Penang International Technology Park (PITP), the two Penang projects outlined in a memorandum of understanding that Temasek and PDC signed in May, will have a total development value of about S$4.4 billion.

The developments will be funded via a joint venture that is 49 per cent owned by Temasek.

BPO Prime will break ground in the first half of next year and construction will take two to three years. When completed, it will offer 1.6 million sq ft of residential and commercial space. The commercial element will focus on business process outsourcing.

“Penang’s outsourcing sector saw more than a 20 per cent increase in revenue last year. BPO Prime is a priority project that is part of the state government’s plans to transform Penang into an international outsourcing hub,” Mr Lim said.

Penang can be a sound alternative for Singapore companies to expand in Malaysia at a time when all eyes are on the nearby Iskandar region, said Mr Philip Yeo, chairman of Economic Development Innovations Singapore (EDIS), the project’s master development manager.

“I’m looking for skilled workers, in which case Penang has a better advantage … Iskandar is near enough – but I’ll go where the skill is,” Mr Yeo said, citing his own experience as a chairman of aerospace component manufacturer Accuron, which is planning to grow its workforce of 800 to 1,000 in Penang.

“I believe talent will be a strong selling point for Penang, where spaces such as BPO and PITP will be ideal for high-end activities from Singapore and elsewhere,” he said. CNA

Btw, it’a fact that Penang became a DAP state, the xchief minister came down to S’pore to brief LKY. He said so in a seminar I attended.

Maybe, S’pore’s hegemony over Iskandar and Penang is the real reason why LKY’s Merger radio talks were reprinted. A subtle joke that he’s having the last laugh.

Another week another view on the best Asean mkts

In Malaysia on 11/10/2014 at 1:59 pm

Ilan Solot, EM currency strategist at Brown Brothers Harriman, lists three variables to look for: currencies that have levelled off after devaluation; low inflation; and large exports. Asian economies such as the Philippines, Malaysia and South Korea fit the bill. (FT on Monday)

Last Sunday, I reported reported https://atans1.wordpress.com/2014/10/05/spore-msia-not-attractive-indonesia-is/

Food prices & inflation will go up Minister

In Malaysia, Uncategorized on 10/10/2014 at 6:34 am

Not “could” because of the toll increases.

Minister of State for Trade and Industry Teo Ser Luck told Parliament on Tuesday that consumers could be affected by affected by “pass-through impact” on inflation. “In particular, as some of our food imports and lifestyle and furniture products are transported via the Causeway, the higher land transport cost may be passed on to consumers.” 

However, he suggested that any such impact on consumers is expected to be small, as the majority of Singapore’s food imports and lifestyle and furniture products are still transported by sea or air. (BT on Wednesday).

Er eggs and vegetables come via Causeway.

He said that the government would continue to monitor the impact of the toll hikes.

What for? Not as though S’pore will unilaterally lower tolls* if price rises occur.

The Causeway toll hikes could affect the profit margins of some Singapore-based small and medium enterprises or SMEs, even though they are generally expected to have a limited impact on businesses here,

Again “could” should be “will”.

The impact on economic activity is likely to be small because land transport costs constitute a small proportion of total business costs – only around 3 per cent for companies in the manufacturing sector and one per cent for those in services. Even so, Mr Teo noted that some firms could be more affected than others. “In particular, SMEs in the sectors such as the food and wholesale sectors that frequently transport materials and goods across the Causeway would likely see a larger increase in land transport costs. Logistics firms offering trucking services via the Causeway may also pass on the increase in toll charges to SMEs.”

Not “may” but “will”.

Still want to invest in Iskandar, SMEs? Or buy property there?

Update on 12 October at 1.50pm: Look at the increase and tell if that prices will not go up

image

*On the issue of matching M’sia’s tolls, the govt is right to match the M’ian tolls and publicly forewarn the M’sians about it. If S’pore doesn’t match, then the M’sians have every incentive to raise prices so as to maximise revenue at the expense of S’pore’s economy.. By matching, S’pore forces the M’sians to take into account the effect of S’pore matching the rises in its calculations. As to the public forewarning, this shows that having scholars in govt has its uses. It is game theory in action, just like the doctrine of mutually assured destruction which kept the Cold War turning into a nuclear war.

S’pore, M’sia not attractive, Indonesia is

In Indonesia, Malaysia on 05/10/2014 at 4:37 am

In a late Sept report, FT reported that the Barings Fund mgr managing an Asean fund is cautious about topping up his exposure to Singapore and Malaysia due to fears about their economic growth prospects.
Mr Lim has large underweight positions in both countries via his $592.4m Asean Frontiers fund, which targets members of the Association of Southeast Asian Nations.

Singapore makes up almost 30 per cent of the portfolio, compared with 33.7 per cent within the benchmark MSCI South East Asia index. The manager has just over 19 per cent in Malaysia, against the index’s 26.5 per cent.
In July, data showed the Singaporean economy had contracted on a quarterly basis for the first time in two years, while Malaysia is going through a process of budget deficit reduction and may miss its 2014 target.

“Singapore and Malaysia are more developed than the rest of the Asean countries … This makes them more expensive and in the long term they don’t have as good growth potential.

“In terms of size, Malaysia is much smaller than the countries we favour, such as Indonesia, so it is less likely to expand rapidly.”
Mr Lim said he can still find selective opportunities in Malaysia, but ones which do not necessarily rely on the domestic economy. Tune Insurance, an online travel-insurance provider based in the country, is one of the latest additions to his portfolio.

“Tune allows us to access the tourism market without investing in airlines, which have to deal with a lot of regulation and are [involved] in price wars,” he said.

In general, he finds growth companies in Indonesia and the Philippines more enticing.

Baring ASEAN frontiers … holds a 3 per cent overweight position in Indonesia. He is confident 2015 will be a strong year for the country, given that the macroeconomic environment has improved.

Investors had been wary of Indonesia as they awaited the results of presidential elections in July. However, as Joko Widodo has been elected and interest rates are expected to rise next year, Mr Lim said there is now a positive outlook.

… had mixed feelings about Thailand, which makes up 15.1 per cent of his portfolio. This is in line with the benchmark.
“Thailand has a higher risk than the rest of the countries in the region, as there remains a lot of political uncertainty around the constitution,” …

In July, Thailand adopted an interim constitution ahead of the October 2015 elections. This constitution preserves the military-led government, called the National Council for Peace and Order.

PRCs in Iskandar (con’td) and other M’sian property tales

In Malaysia, Property on 04/10/2014 at 7:36 am

There are media reports that Sichuan Sanjia is trying to sell its project site in Iskandar. This follows news that PRC developers and buyers are wrecking the condo market in Iskandar.  http://business.asiaone.com/news/concern-over-china-firms-launches-iskandar

After complaining that the PRC developers and buyers are spoiling the condo mkt in Iskandar, FD Iskandar, president of Malaysia’s national organisation of developers, the Real Estate & Housing Developers Association (Rehda), tried to spin the story in favour of buying M’sian property.

But Iskandar is bigger than Nusajaya or Danga Bay, he said, adding that demand for landed homes still “looks very strong”.

Mr Iskandar noted that many Singaporean buyers prefer to buy from Singapore developers or reputable Malaysian developers.

There has also been much interest from Singaporean investors in industrial as well as commercial properties.

Meanwhile, other hot property spots in Malaysia such as Penang and Greater Kuala Lumpur are likely to be shielded from the supply glut in Iskandar as strong population growth in these areas is still supporting fundamental demand for housing, according to Mr Iskandar.

[Qn: what happens if PRC developers start moving into Penang and KL? Sure spoil mkt?]

Kuala Lumpur’s population is six million and could grow to 10 million by 2020 through demographic growth, urbanisation and intra-state migration.

Mr Iskandar estimated that this would translate to some 170,000 homes to be built each year, based on the assumption of four persons per household.

Investment yields from residential properties in Penang and Kuala Lumpur are likely to hold up in the region of 5 to 8 per cent while commercial properties could reap higher yields, Mr Iskandar projected.

The retail segment has also emerged as a strong component, with Kuala Lumpur being ranked by global news network CNN as the fourth-best city in the world for shopping after New York, London and Tokyo.

With the upcoming high-speed rail between Singapore and Malaysia expected to cut travelling time from 51/2 hours to just 90 minutes, both Kuala Lumpur and Singapore will benefit from greater inter-city travelling and cross-border investments, Mr Iskandar said.

Still, he is not asking potential buyers to completely snub Iskandar that he believes to be a “highly investable location”.

But Mr Iskandar has a piece of advice: “Please look at the quality of the developers. Be savvy investors. If it’s for owner-occupation, there’s no worry whatsoever but if it is for investment, you need to do due diligence before buying.”

 

Ishandar investors screwed again: by PRCs this time

In China, Malaysia, Property on 01/10/2014 at 4:15 am

Bad news travels in pairs.

Last week, Reuters reported

Amid growing anxiety over a glut of high-rise residences in Malaysia’s Iskandar, a mega waterfront township project there appears to have hit a snag.

The Business Times understands that CapitaLand, South-east Asia’s largest real estate developer, recently sought a six-month extension on the launch of its 900-unit high rise condominium, which is the first phase of a S$3.2 billion ($2.52 billion) Danga Bay project, which spans some 28 hectares on a man-made island.

It seems that it had some problems with Johor state authorities. If  TLC can have such problems, what about yr ordinary, not connected S’porean property buyer?

Then BT on 30 September carried a story reported that thanks to PRC developers and buyers, S’poreans buying to rent in Iskandar are screwed.

A looming housing glut in Iskandar Malaysia may weigh down rental yields in the economic zone, with homes being left empty.

The warning this time came from Malaysia’s national organisation of developers, the Real Estate & Housing Developers Association (Rehda).

FD Iskandar, president of Rehda, noted that some 30,000 homes could be completed by 2016 or early 2017 in Iskandar.

If these are mainly sold to buyers outside Malaysia and Singapore, “then you will see that these units will be empty and once they are put up for rent and there are so many units available, that will put pressures on rental yields”, he said.

Malaysia’s federal government is “actually looking seriously” at this issue … But land administration in Malaysia lies within the authority of the state government.

In the past 12 to 18 months, the deluge of homes launched or in the pipeline by China developers, including Country Gardens and Guangzhou R&F Properties, has stoked concerns over a looming housing glut in the Iskandar region, which encompasses an area of more than 2,000 square kilometres in Johor.

“… developers from China launching a few thousand units at one go,” Mr Iskandar said, adding that Malaysian or Singaporean developers would typically have 400-600 units in one project.

Most of the buyers of these Chinese projects come from mainland China, he observed. “…concerns about these residential units being empty.”

 

 

SIA boleh, MAS tak boleh

In Airlines, Malaysia on 31/08/2014 at 4:50 am

Malaysia Airlines’ 19,500 staff operate a fleet of 108 aircraft, while SIA operates 103 aircraft with 5,000 fewer employees. The result is that over the past nine years the Malaysian carrier has lost a net Rm3.56bn ($1.1bn), while Singapore Airlines has made S$8.86bn ($7.1bn) without a single year of losses.

Says a lot about how S’pore Inc and M’sia Inc do things.

 

Durian diplomacy is apt name for S’pore, M’sia ties

In Malaysia on 30/08/2014 at 4:29 am
On Thursday, BT reported,
Agrobazaar opens in Kampong Glam – with durian diplomacy
Malaysian PM Najib gives PM Lee the spiky fruit; both sides affirm strong ties
Just as they did at their last retreat in Putrajaya in April, the leaders of Singapore and Malaysia engaged in a dose of durian diplomacy on Wednesday.
This time, it was at the official opening of an agro-food outlet called Agrobazaar Malaysia, located at Sultan Gate in the historic Kampong Glam district. The 464 sq m bazaar, which sells Malaysian produce such as fruit, sauces and coffee, is Malaysia’s first overseas branch of Agrobazaar.
During the opening ceremony, visiting Malaysian Prime Minister Najib Razak presented his Singapore counterpart Lee Hsien Loong with a gift of durians, specifically the popular “musang king” variety, as well as an oil painting of them enjoying the spiky fruit during the April retreat.
Well the durian is a smelly, with a coating of thorns, and relations between the two countries are prickly and can stink: forever rowing.
Earlier in the week BT reported:

The arbitration process to settle a dispute between Singapore and Malaysia over development charges on certain parcels of former Malayan Railway land in Singapore has reached its final stage…. a spokesman from Singapore’s Ministry of Foreign Affairs (MFA) revealed that the decision of the arbitration tribunal was expected “in a few months”.

This paves the way to potentially settle an outstanding issue in the Points of Agreement (POA) on whether Malaysia needs to pay Singapore a development charge on three parcels of land in Tanjong Pagar, Kranji and Woodlands.

This charge is a tax that is payable to the Singapore government to change the use of a land parcel. Singapore believes this tax must be paid, while Malaysia has argued otherwise.

The matter was eventually referred to the Permanent Court of Arbitration at the Hague, after Singapore and Malaysia reached an arbitration agreement in 2012.

Singapore and Malaysia have agreed to accept the arbitration award as final and binding. They also agreed that the decision would not affect the implementation of the POA …

 

 

99.9% of voters telling PM, “Don’t Return Our CPF” – HDB?

In CPF, Humour, Malaysia on 25/08/2014 at 5:38 am

Taz what a hyper rational alien like Mr Spock can reasonably conclude from the attendance at Saturday’s “ReturnOurCPF – HDB” rally. Though I suspect he would point out that a fairer %age is 0.04% of the number of Oppo voters in GE 2011. Whatever, “peanuts”.

Roy’s and Hui Hui’s latest gig on Saturday attracted around 300 people (based on photos at their site and me being generous). So only 300 support Roy’s and Hui Hui’s proposition? Btw, TOC, TRE hasn’t yet covered the event, and based on the attendance, I expect them not to: “not newsworthy enough”. (Related article)

Remember her NatDay protest rally? It was not reported in the new media. According to Roy* 300-400 people turned up. Hui Hui had claimed 6,000 people had turned up for her previous, “Free My CPF” rally in July. Even TRE tot that only 3,000 people attended. Even earlier, around 200 people it seems turned up at the first rally she and Roy organised. Again new media didn’t report this gig. Lousy attendance not newsworthy enough? Or don’t want to double confirm that only a handful of S’poreans (0.1- 0.01%. If Oppo voters only:0.4-0,04%) are unhappy enough to exert themselves physically to show their unhappiness?

Or that at least 60% S’poreans are actually happy with the govt?**

Whatever, one can rationally conclude that the majority of S’poreans are not persuaded or impressed or taken in by Hui Hui’s or Roy’s antics, despite their vocal online support**.

What should really worry these wannabe celebrities is that not even these adoring anti-PAP cyber warriors are willing to turn up in person for their events.

Their adoring fans are: Loud Thunder, Little Rain?

If Stephanie Sun had such fans, she’d starve to death, let alone afford a Happy Meal.

To end on a constructive note, I hope someone warns Hui Hui that as a new citizen she can be deprived of her citizenship. Happened to Tan Kah Kee (millionaire and founder of Nanyang University), can happen to her.

Maybe taz why Hui Hui is attempt to portray herself as not being anti-PAP. 

Juz go read it. Everything is blamed on the PAP govt. and she not ant-PAP?***

Was Home Team sleeping when they made her a citizen? But this may show the lie to the theory that the PAP creates new citizens to dilute the local anti-PAP vote. But then it could juz show Home Team is juz incompetent: it can’t select hard-working sheep, only lazy, anti-PAP loafers****, when creating new citizens. Or maybe it cunningly allows someone like Hui Hui to become a citizen to give credibility to the PAP’s denial that it encourages immigration ’cause it wants to dilute the anti-PAP vote.

Actually given her hatred of working here (going by one of herone of her posts), wonder why she opted out of her M’sian citizenship? M’sia is worse? “I’m only anti-cronyism, anti-nepotism, anti-dictatorship, anti-tyranny, anti-irresponsibility…” Hmm, she sounds like Anwar Ibrahim, that two-face (bi-sexual?) M’sian politician.

———-

*He was telling a new media website.

** We’ll know one way or the other in the next GE, as even the PAP, and the constructive, nation-building media and Institute of Policy Studies admit that these two issues, along with immigration and public transport are the issues of most concern to S’poreans.

***I’m not anti-PAP.

I’m only anti-cronyism, anti-nepotism, anti-dictatorship, anti-tyranny, anti-irresponsibility…

Is she egging the PM to sue her? So that she can assert the Derbyshire principle that she chickened out of asserting earlier? And then repented of chickening out?

****Her rants against having to go to work daily (check out her site) remind me of the joke, “I’m lazy – my childhood ambition was to be an injured footballer.”.

PussiesXII, Kittens?/ MSM coverage of LionsXII

In Footie, Malaysia, Media on 24/08/2014 at 7:11 am

Simba and Nala and their pride of lions must be upset that their brand has been tarnished by two of our nation footie sides.

The Cubs covered themselves in disgraceful in Brunei,

When Singapore’s national Under-21s completed their Group B fixtures at the Hassanal Bolkiah Trophy in Brunei on Monday, their report card was a compilation of sorry statistics.

For the first time in the history of the tournament the team lost all their games and lost them heavily – a five-match string of defeats (0-4 to Vietnam, 1-3 to Cambodia, 1-3 to Brunei, 0-3 to Malaysia, 0-6 to Indonesia).

The side also scored the least goals (two) and conceded the most (19).

To further add insult to injury, coach Richard Bok’s squad of 18 for this regional Under-21 competition included four over-aged players – LionsXII trio Ignatius Ang (22 years old), his clubmates, Emmeric Ong and forward Syafiq Zainal and Warriors FC goalkeeper Neezam Abdul Aziz (all 23).

But they were thrashed by Vietnam and Indonesia, who fielded their Under-19 sides.

– See more at: http://news.asiaone.com/news/sports/football-cubs-shamed-brunei#sthash.7bZqTIFL.dpuf

Meanwhile, the Lions XII, are not living up to their name or their success under Super Sub. After a disappointing Malaysian Super League campaign, the LionsXII once again tasted bitter defeat on Saturday (Aug 23) evening. They lost 2-1 to Johor Darul Takzim II in the Malaysia Cup at the Pasir Gudang Stadium in Johor Bahru. (CNA).

The LionsXII fell to their second consecutive defeat in their Malaysia Cup campaign, losing 1-2 to second-tier Malaysia Premier League side Johor Darul Takzim II (JDT II) at the Pasir Gudang Stadium. – See more at: http://www.straitstimes.com/news/sport/football/story/football-lionsxiis-malaysia-cup-hopes-dim-fandi-gives-fandi-the-blues-1-2-#sthash.I4Yjt95k.dpuf

PussiesXII and Kittens?

Seriously, I hope the recent failure of the LionsXII after the team’s previous success, puts an end to SPH’s and MediaCorp’s championing and spinning of Fandi as the saviour of local footie. He was a very gd local footballer and a decent man who has had his share of gd and bad fortune. But as for the constructive, nation-building media’s attempt to spin him as “super coach, the saviour of local footie”, well the results speak for themselves. It’s not as though the media didn’t know of his failings in the smake pits of Iskandar.

What really annoys me is that Super Sub never got sufficient credit from our local media for his handling of the LionsXII. Compare their praise of him against that of their praise for Fandi. And the local media is always making excuses for Fandi. He’s not a bad coach (He’s a pretty decent coach) but the failure of our local media to hold him to account is disgusting.

Tourism potential of Indon, Vietnam & Burma

In China, Hong Kong, Indonesia, Japan, Malaysia, Vietnam on 24/08/2014 at 4:58 am

Number of foreign visitors received in 2013

  • Thailand – 26.5 million
  • Malaysia – 25.7 million
  • Hong Kong – 25.6 million
  • South Korea – 12.1 million
  • Japan – 10.3 million
  • Indonesia – 8.8 million
  • Vietnam – 7.5 million
  • Myanmar – 2 million

I’m surprised that Indonesia has only 8.8m visitors given the popularity of Bali.

Still Mynamar is the place to invest in the tourism biz. Opportunities there from recent BBC article.

Johor: New plans to fleece Sinkies

In Malaysia on 22/07/2014 at 4:32 am

Wonder why land is being reclaimed in the Johor Straits? S’poreans it seems love waterfront properties. So waterfront  properties are being created. And this is adding to the supply of land in Iskandar, where there are already problems for S’poreans what with Johor and Federal taxes and restrictions.

The fixation over waterfront properties in the Iskandar region, which has led to frenetic land reclamation, is threatening to undermine the prospects of the growth corridor launched in Johor eight years ago.

Iskandar Malaysia’s value proposition – polished further by its proximity to Singapore – remains intact, but may not do so if development there is left unchecked.

At 2,217 square kilometres, Johor state’s southern development corridor is thrice the size of Singapore; in sports parlance, that is about the size of 400,000 football fields. (BT report last week).

Meanwhile the development caravan keeps on moving: now to Batu Pahat. Property being built to attract S’poreans further North.

Reminds me of what the bandit chief  in the movie Manificent 7 said, “If God didn’t want them sheared, he would not have made them sheep.” He was talking of the farmers he was stealing from at regular intervals: he was harvesting them at regular intervals..

He could be referring to S’poreans who keep on getting fleeced in Johor.

Me, I’d rent there, if I wanted to live in a bungalow, and rent my property here.

MAS tragedy: SIA attacked by anti-PAP cyber warriors?

In Airlines, Malaysia on 20/07/2014 at 4:27 am

Really I can’t see why SIA was attacked for saying on Facebook and Twitter that its flights were not using Ukraine airspace.

Reuters reported: That triggered a flood of angry responses, with many lambasting SIA for not offering condolences to the victims’ families and for mounting what some perceived as a publicity stunt during a crisis involving its neighboring country’s flagship airline.

http://www.reuters.com/article/2014/07/19/us-ukraine-crisis-singapore-air-idUSKBN0FO0UF20140719

Anyway SIA did the pragmatic thing by apologising and rewording its messages. No pointing rowing with loonies, something PM Lee should learn. https://atans1.wordpress.com/2014/07/11/how-pm-roy-can-resolve-matters-satisfactorily-roysw-defence-work-in-progress/

 

SIA plane juz 17km away

In Airlines, Malaysia on 19/07/2014 at 6:46 pm

The Daily Mail reports that, despite the conflict, the flight path was fairly crowded with a Heathrow-bound Virgin Atlantic jet and a Singapore Airlines plane both over Ukraine at the moment flight MH17 crashed.

The paper says the Singapore jet was just 17 miles away from the doomed flight.

One of the as-yet unknown questions, is why flight MH17 came to be flying over a conflict zone in which a number of aircraft had been shot down recently, the Daily Telegraph says.

MAS polot didn’t want to divert

The paper reports that a number of airlines, including British Airways, easyJet and Qantas had already changed flight routes to avoid the area, although Malaysia Airlines said there had been “no obvious reasons” to avoid the area.

Nonetheless, the paper says, flight path analysis suggested that other Malaysia planes had skirted the conflict zone, by flying south of the area.

The Telegraph says an expert from the Royal United Services Institute has learned the pilot of the downed flight decided not to change course after apparently telling air traffic controllers he “felt uncomfortable” over the diversion.

Extract from BBC

 

Why MAS really suay cont’d

In Airlines, Malaysia on 19/07/2014 at 2:32 pm

According to Flight radar24, which monitors live flight paths, the airlines that most frequently flew over Donetsk in eastern Ukraine in the last week were: Aeroflot 86 (flights), Singapore Airlines 75, Ukraine International Airlines 62, Lufthansa 56, and Malaysian 48. It was not necessarily a risky approach. The chance of a rocket reaching above 32,000 feet was considered remote, says Sylvia Spruck Wrigley, author of Why Planes Crash.(Part of BBC report: see pix of flight routrs taken http://www.bbc.com/news/blogs-magazine-monitor-28364306 )

SIA flew 56% more flights thru Eastern Ukraine than MAS, yet it was a MAS jet that waz shot down .

SIA employs better bomohs?

 

MAS pilot slightly off planned course

In Airlines, Malaysia on 19/07/2014 at 6:33 am

“But although the aircraft was reportedly a few hundred miles north of its planned course to avoid a thunderstorm, its altitude should have marked it as a passenger plane,” reported an Economist blog.

Not seen this in any other report.[Update on 20th July at 10.15 am http://www.theguardian.com/world/2014/jul/19/mh17-changing-course-storms-pilot?guni=Keyword:news-grid%20main-1%20Main%20trailblock:Editable%20trailblock%20-%20news:Position1:sublinks ]

MAS is suay. Time for Najib to call in the bomohs to “buang suay”.
The two events that hit it and its passengers these yrs were really freak events.
Whatever it is fly SIA. Only TRE born losers will refuse to fly SIA. Die-die fly other airlines, even if die as a result.

 

Dr Doom buys into Asean

In Malaysia, Vietnam on 10/05/2014 at 3:58 am

The editor and publisher of The Gloom, Boom and Doom Report said that he personally favors emerging market securities that are still “cheap” …

Marc Faber underlined his belief that emerging markets provide a more suitable option for more profitable investments. He added that he has parked cash in countries such as Vietnam, Iraq, Malaysia, Thailand, and Singapore.

“I made some investments more than a year ago in Iraq, because it’s very cheap. There’s lots of problems but the market is very very inexpensive,” he said. “Russia is dirt cheap, but I don’t think there is a hurry to buy Russian stocks.”

http://www.cnbc.com/id/101626956

As usual he is a super bear over the US.

 

PM’s idea of saving our lunch

In Economy, Malaysia, Public Administration on 07/05/2014 at 4:54 am

Is to let FTs come in and eat it? And our dinner, supper and breakfast too.

“We can’t tell our competition to go away. They want to eat our lunch, we know that. They want to eat our dinner, we suspect that. We can’t stop them from wanting, but we can make sure we can hold our own, and we can eat our own lunch.” (PM’s May Day speech)

So long as the govt allows PMET FTs in by cattle-class on A380s and 747s (an improvement from the container load, I must admit), taz the effect even if  as PM cont’d*, “We can provide you the resources and the means to stay one step ahead of the competition, and we will have a Singapore system which we can work together to build, to maximise your potential, maximise your contributions.”

From this week’s Economist, “Bill Martin and Robert Rowthorn, economists at Cambridge University, argue that one reason for Britain’s poor post-crisis productivity is that low wages encouraged firms to rely on human labour for low-skilled work, rather than investing in machines and software. Wage rises should start to reverse that trend, boosting investment and workers’ productivity.” Emphasis mine

This stands the Hard Truth that productivity must come before wage rises on its head.

But maybe this Hard Truth will be ditched before the next GE, even if LKY hasn’t “moved on” by then?”

Yesterday, ST reported, Singapore cannot be a First World economy with Third World costs, said Trade and Industry Minister Lim Hng Kiang yesterday at a lunch dialogue with prominent European diplomats and business leaders based here.

But he also assured them that Singapore will stay competitive and business-friendly even as it restructures the economy to achieve quality growth.

Responding to a question from the floor on rising business costs, Mr Lim said: “We have to acknowledge that, over time, Singapore cannot be a First World economy with Third World costs.”

Actually the only thing here about “third world” costs is that our PMETs and other true blue S’porean workers are paid “peanuts”. Other costs like property rentals, petrol, utility bills are among the highest in the world. and the cost of cars are out of this world. Remember the govt tried to debunk a UBS survey of cities which showed that KL had a better ranking because the cost of living there was more in line with wage levels than S’pore? Though to be fair, public tpt fares are reasonable by NY, or London standards, or even that of Brisbane.And healthcare is reasonably priced if one uses the public healthcare system.

So oldies like me who are not 110% behind the PAP had better watch out: wage repression has been gd for us. We are like suckling pigs voting for CNY, sheep for Ramadan or turkeys for Christmas. If LKY calls me “daft”, he is right as usual.

Coming back to PM, and saving our lunch while continuing the “FTs are best” policy, PM should remember what an American officer asked,during the battle of Huế**,“Did we have to destroy the town in order to save it?”.

He should be asking himself if Hard Truths require that FTs eat locals’ lunch and more so that S’pore’s GDP can continue to grow?

——-

*[Update at 1.33pm} I juz read that PM said yesterday that “the number of foreign workers in the country is still growing, though not as fast as before.” (CNA). It was so fast, that if it had cont’d at the rate between 2006- 2011, we’d be having serious overcrowding problems.

** The Battle of Huế during 1968 (also called the Siege of Huế), was one of the bloodiest and longest battles of the Vietnam War (1959–1975). Battalions of the Army of the Republic of Vietnam (ARVN), two U.S. Army battalions, and three understrength U.S. Marine Corps battalions defeated 10 battalions of the People’s Army of Vietnam (PAVN or NVA) and the Viet Cong (Việt Cộng or VC, also known as National Liberation Front or NLF).

http://en.wikipedia.org/wiki/Battle_of_Hu%E1%BA%BF

Citi prefers M’sian equities to S’porean ones

In Malaysia on 06/05/2014 at 4:54 am

The news is that foreign money is returning to the region.

Interestingly on a one-year time frame, Citi prefers M’sia.

The recommendation by Citi Research follows a head-to-head analysis it made of both markets in response to investor comparisons within Asean, with Malaysia edging out Singapore for the following reasons: a lower ringgit, secondary effects from a key economic programme, cost normalisation, and accelerated consumption before the implementation of a goods & services tax in April next year.

While Singapore has performed better year-to-date, Citi’s Asia Report of April 29 maintained that Malaysia has more going for it in the coming months.

Take the recovery cycles in developed markets where Singapore has historically leveraged better. In the current cycle, however, costs and tight labour policies may result in a different outcome for Singapore. At the same time, Malaysia has started to see more manufacturing investment, capturing flows from firms rebalancing as a result of China and Thailand’s woes.

(BT 2 May 2014)

Me? I suspect S’pore will do better. We got an election coming.

JB among most crime ridden city in the world/ LKY was not wrong

In Malaysia on 26/04/2014 at 6:51 am

Juz better than Guatemala City, Caracas in Venezuela and Joeburg in South Africa. All v v violent places.

http://malaysiafinance.blogspot.sg/2014/04/most-crime-ridden-cities-in-world.html

So LKY was NOT wrong in the 90s, in his analysis of JB! He was WRONG to apologise. Strange our constructive, nation-building not praising his foresight. Err maybe, he no longer considered constructive, nation-builder?

BTW JB is the capital of Iskandar . LOL

Iskandar flip flops agaim. When it started, notwithstanding its attempts to get local biz to relocate, it was telling the Arabs that it wanted to be another s’pore. The arabs wisely dids not buy into the BS. So it started trying its luck with SMEs and TLCs. Now …

Iskandar Malaysia is set to focus more on attracting higher-value manufacturing companies, in a move that may result in some lower-end Singapore businesses having to look for an alternative overseas destination where they can shift some of their operations as they grapple with higher costs and manpower constraints at home.

Mr Ismail Ibrahim, the chief executive of the Iskandar Regional Development Authority (IRDA), told TODAY in an interview that the special economic zone is shifting away from activities dependent on cheap labour.

“For the manufacturing sector, we are moving Iskandar Malaysia towards higher levels of the value chain. We want to see more of what we term as technology-intensive manufacturing activities and less of the low-cost kind of industries,” he said, adding that this has always been part of the IRDA’s planning.

http://www.todayonline.com/business/iskandar-move-away-being-low-cost-centre#inside

Ten years ago, Mr Lim — the owner of a Singapore food manufacturing company — purchased two industrial land plots across the Causeway, with the hope of shifting some of his operations to Johor Baru’s low-cost environment. He has yet to make that move as, after crunching the numbers, there is not a strong financial case.

“Iskandar is also facing issues of a manpower shortage and rising costs. Last year’s introduction of minimum wages and Goods and Services Tax are just part of it,” Mr Lim, who asked to keep his identity and the name of his company private, told TODAY. “The fact that Iskandar doesn’t have a free port also matters to a food company like us, because imported materials and exported products will be tariffed. Or we can go through Singapore’s ports — and fork out just as much for the cross-strait transport costs.”

The CEO’s comments come as anecdotal evidence suggests that some Singapore manufacturers do not see a compelling reason to move operations to Iskandar.

Singapore remains the biggest foreign investor in Iskandar, having committed a cumulative RM11 billion (S$4.23 billion) to the area as of January, showed data provided by the IRDA. This forms a key part of the RM133.07 billion overall investment that the region has attracted so far, of which RM47.82 billion has been committed to the manufacturing sector.

However, a closer look at the data reveals that although the overall investment amount has been increasing, the proportion of foreign investment in Iskandar has been steadily shrinking, from 55 per cent of the total in 2008 to 35 per cent currently, suggesting a slowdown in overseas interest.

http://www.todayonline.com/business/singapore-companies-have-mixed-views-iskandar

Why SMC should act against PAP MP

In Humour, Malaysia, Political governance on 16/04/2014 at 4:18 am

One day after foot-in-mouth* and eye specialist Dr Lim Wee Kiak retracted his criticisms of M’sia’s handling of the MH 370, Reuters reported  Malaysia’s government has begun investigating civil aviation and military authorities to determine why opportunities to identify and track … MH370 were missed in the chaotic hours after it vanished, two officials said*.

(http://in.reuters.com/article/2014/04/11/malaysia-airplane-investigation-idINDEEA3A06M20140411)

If only he waited another day, he would have come up roses, in his original criticism. And the govt would have edlook stupid in implicitly castigating him.

Seriously, if the Singapore Medical Council (SMC) can censure plastic surgeon Dr Woolly Woffles Wu for getting his employee to take the blame for his speeding offences in 2005 and 2006 when the courts take a lenient view of this offence (unlike the UK where it is considered a perversion of justice, jailable up to eight months http://www.bbc.com/news/uk-england-tees-23282995), it should censure Dr Lim for stupidity.

SMC is suspending Dr Wu from practice for four months, saying that in arriving at an appropriate sanction, its role was to consider what penalties would be sufficient and of specific deterrence such that no registered medical practitioner would want to take the risk to commit such an offence that would lower the standing of the medical profession.

Well the same should apply for doctors who consistently talk rubbish in public.

SMC also said that Woffles had “tarnished the good name of the profession”, “instead of setting a good example for younger practitioners to emulate”.

Well does SMC want young doctors to emulate Dr Lim? They would if they don’t take him to task for making stupid remarks.

Dr Wu’s seniority and standing in the medical profession was also found to be an aggravating factor, said the SMC.

Well Dr Lim is a senior doctor too. He too makes serious money.

As the PAP is short-listing its candidates for the next GE, it might to consider eye doctors a miss, and retiring those it already has. Think VivianB and Dr Lim, and one can draw reasonable conclusions about the kind of people who become eye doctors and PAP MPs.

—-

*“If the annual salary of the Minister of Information, Communication and Arts is only $500,000, it may pose some problems when he discuss policies with media CEOs who earn millions of dollars because they need not listen to the minister’s ideas and proposals. Hence, a reasonable payout will help to maintain a bit of dignity,” Dr Lim told LianHe ZaoBao in Chinese.

**The story reported portrays the dysfunctional M’sian system:

A sixth source, a senior official in the civil aviation sector, said the plane’s disappearance had exposed bureaucratic dysfunction in Malaysia, which has rarely been subject to such international demands for transparency. “There was never the need for these silos to speak to one another. It’s not because of ill intent, it’s just the way the system was set up,” the official said.

The accounts given to Reuters reveal growing tensions between civilian officials, the military and Malaysia Airlines over whether more could have been done in those initial hours.

One of the Reuters sources said military officials in particular were concerned they could lose their jobs.

Tensions have also emerged between the government and state-controlled Malaysia Airlines.

 

Iskandar: First gd news in 2014

In Malaysia on 12/04/2014 at 5:08 am

Last yr M’sia and Johor shot themselves and investors by imposing levies, restriction on property buyers in Iskandar.

This blog has been always sceptical about the rhetoric of govt co-operation on Iskandar. If both govts can work in training in skilled workforce, Iskandar will be a success. But they still on talking about co-operation.. But taz something.

Singapore has offered to help train a skilled workforce to meet the growing need for workers as the Iskandar Malaysia project takes off.

“As Iskandar thrives, we can expect also to need more people to be trained for the jobs to be created – and so I also talked about vocational training and Singapore helping Malaysia to upgrade its vocational training for workers who can work in Iskandar,” Prime Minister Lee Hsien Loong told reporters yesterday after his annual “retreat” meeting with his Malaysian counterpart Najib Razak.

In a joint statement, both leaders acknowledged the importance of a skilled labour force in boosting socio-economic development. They welcomed the ongoing talks between the various agencies of the two countries on collaboration in vocational training.

Speaking of the win-win gains for both Singapore and Malaysia in cooperating in Iskandar at a joint press conference, Mr Lee said: “The great advantage of Iskandar Malaysia is that it’s across the Straits of Johor, and that means that you can tap on what Singapore offers in terms of infrastructure, in terms of services, in terms of industrial base.” 8th April BT

Commodity prices are close to the bottom of the cycle?

In Commodities, Indonesia, Malaysia on 10/04/2014 at 4:23 am

FT reported on April 3 that traders in an annual commodities seminar are getting bullish.

And this appeared earlier this yr

GROWTH has slowed in China, the destination of most of the world’s exports of iron ore, copper and other metals, as well as increasing quantities of oil and corn. Many analysts have declared that the China-driven commodities “supercycle” has run out of steam. But that may be premature. While global population growth is slowing, the number of people added each year is still increasing. Similarly, China’s economy will be 65% bigger in 2014 than it was in 2008. Macquarie, a bank, reckons that the growth of global demand for steel will slip to 3.1% a year between 2012 and 2018, compared with 3.3% in the previous six-year period, but that in absolute terms it will go from 45m tonnes a year to 50m tonnes a year. The same trend will apply to copper, aluminium, nickel, lead, zinc and tin. In terms of its impact on demand, Chinese growth of 7.5% today is the equivalent to 12% growth in 2008. On top of this there is growth from other Asian economies and the recovery of the American economy. The pace of increase in commodity prices may not match that of yesteryear, but the next upward climb looks set to start in 2014. See full article.

Related article:

Materials (Sector Equity)

  • The materials sector has fallen out of favour with investors in 2013, with the MSCI AC World Materials Sector index gaining just 0.3% (in SGD terms) last year.
  • Similar to the situation with the global financials sector in 2008/2009, massive write-downs have been undertaken by the sector; while this has reduced net asset values of resource companies, it also makes valuations (on a PB basis) more conservative.
  • As a beneficiary of a global economic recovery, we believe the conservatively valued materials sector may emerge as a “dark horse” this year.
  • Our recommended fund for global resources equities: First State Glb Resources

https://secure.fundsupermart.com/main/article/Idea-Week-Capture-Investment-Opportunities-2014-9073

SunT sometime back (sometime last yr) had a bullish piece. http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid={27464576-17202-5110879539} Either ahead of the the curve, too early or clueless. LOL. What do you think?

If palm oil, rubber and energy cheong gd for Indonesia, M’sia and Thailand (rubber), and for some SGX counters. Think Olam, Noble and the plantation stocks for starters. And think property developers: think esp CapitaLand. Exposure here and in China.

MH370 fallout hurts us too

In Economy, Indonesia, Malaysia, Tourism on 06/04/2014 at 4:49 am

The incompetency of the M’sian defence officials (no explanation yet on why aircraft were not scrambled when aircraft veered off course) and there are allegations that the veering off course was not detected forb hours), and the perceived failures may affect us.

Demand for inbound tours featuring Singapore and Malaysia could see some ripple effect, following the backlash that Malaysia has received in China …

SA Tours’ manager for inbound tours, Dan Tan, said that he has seen a 40 per cent decrease in demand for such combined packages. Mr Tan said that the bulk of the drop comes from Chinese tourists, as demand from tourists in other countries have held steady.

At this time of the year, SA Tours usually receives enquiries from Chinese tourists for large tour groups of 80 to 100 people for the mid-year holiday period. However, for now, the company has received enquiries only from small groups of three to five people.

Mr Tan said that while business has already declined because of a weaker global economy, he believes the MH370 incident is another reason behind the drop in numbers for combined inbound tours. “There’s a lot of debate online between Malaysians and the Chinese, and the Chinese are saying they won’t come to Malaysia again,” said Mr Tan.

To assure tourists, Golden Travel Services’ managing director, Cindy Chng, has told them that travelling to Malaysia is still safe, that the incident “should have no linkage with the place itself” …  no cancellations thus far from Chinese tourists coming in July for combined tours … they have expressed some concerns. “They may not have a good impression of Malaysia and don’t want to travel there,” …

She added that she is open to making changes for tourists if they want to forgo the Malaysia leg of the tour. [Package with Bali leh]

While CTC Travel does not have combined tour packages … said that he expects such sentiments to cause a drop in Chinese tourists coming to Singapore. “We’re pretty close neighbours, and people tend to link us together,” …does not think the impact will be huge … CTC … not been affected much as the company does not have many Chinese customers and focuses more on outbound travel.

Timesworld Travel & Educational Tours and Chan Brothers said that the incident has not impacted combined inbound tours, possibly because they run more corporate and educational tours which could be less affected.

But Timesworld … said that they could face a 10 to 20 per cent drop in demand for the peak season. People are still unsure and are waiting for others to take the first step, she said.

Tour operators say that the number of Chinese travellers on combined tours in the upcoming months will depend on how the situation is handled and resolved …

(BT 5 April)

Neighbours show up the S’pore system, for gd and bad

In Indonesia, Malaysia, Political governance, Public Administration on 22/03/2014 at 5:41 am

The governor of Jakarta has been in the news recently because he was nominated by a major Indo political party to be a presidential candidate. He is a very popular choice because he is seen as being against inefficiency, maladministration and corruption.

What our constructive, nation-building and PAP-allied media doesn’t tell us is that he before he entered politics, he sold furniture. He was no scholar, general or admiral like paper generals Kee Chui and MoM Tan (and before them Lui, Pinkie, Teo or Cut and Run George). He was an ordinary citizen who cared enough to enter politics.

This reminds me: a PAPpy-hater complained that http://trulysingapore.wordpress.com/2014/03/17/adequate-water-supply-is-common-sense-not-foresight. Well going by the following BBC extract,

London-based Inmarsat said its engineers realised at an early stage that the aircraft had probably flown for several hours on a northern or southern track, and it was very unlikely that the plane could have headed north over countries with sophisticated air defence systems.
The company further said that it had informed the Malaysian authorities of the information, through an intermediary company, on 12 March, but this was not publicly acknowledged until 15 March.
Furthermore, the authorities continued to search in the South China Sea and Malacca Straits during that time, despite the information suggesting that the plane had flown on much further.

The M’sian officials lacked common sense. At least the then PAP cabinet had the common sense to do make sure we had adequate water supplies. I can’t be sure of the present cabinet. What do you think?

Flooding the city with FTs but not increasing the supply of hospital beds. Worse denying that there is a shortage. http://www.tremeritus.com/2014/03/21/dr-amy-khor-need-to-put-hospital-bed-crunch-in-context/. Err actually this gd TRE piece shows that there are advantages in having an elite schoolboy and scholar on the team. TeamTre has one such person. The TeamTRE-generated analysis is a lot better than the TOC team’s inhouse generated analysis.  For reportage TOC is miles ahead.

BTW, TOC, the chamion of free speech and a free internet, has disallowed my FaceBook avatar from commenting on their FB wall. Gee and they got the cheek to call for the govt to allow greater freedom of expression? Juz as intolerant as MIW? At least MIW are not hypocrites. They openly endorse the idea that only the “right” tots are allowed to be expressed. LOL.

TRE, in contrast, republishes pieces where I ridicule the readership’s excesses in hating all things PAP. Now that is walking the walk of freedom of expression.

Why PAP should be afraid but not not too afraid

In China, Humour, Internet, Malaysia, Political governance, Vietnam on 10/03/2014 at 4:49 am

Paper warriors can cause serious problems for paper generals. Take heart Richard Wan, SgDaily, Terry Xu etc. And NSP should put more effort and time on online activities, rather than pounding the streets and climbing stairs, even though P Ravi of NSP gets great workouts: but Ravi, skip the teh tariks at the end. And the Chiams start an online presence.

Online activism can be an accurate indicator of where revolutions might take place next, according to University of Manchester research.

Argentina, Georgia, the Philippines and Brazil are claimed to be most at risk of upheaval, according to this measure.

The Revolution 2.0 Index* was developed last year and identified Ukraine as the most likely to see political upheaval.

This index sees revolution being forecast by computer experts rather than political analysts … It provides a different view of how regimes are put at risk by protest movements, looking at online factors rather than street demonstrations.

The index produces a risk factor based on the level of repression and the ability of people to organise protests online.

(http://www.bbc.com/news/education-26448710)

But Yaacob, MDA, and the ISD can still relax a little: The highest risk comes in countries where there are protests against perceived injustices – but where there is relative freedom online.

Err we knowthat S’poreans don’t like to sweat at Hong Lim: ask Gilbert Goh. (Alternative reason: https://atans1.wordpress.com/2013/10/11/gg-crashes-new-indian-chief-needed/)

So get the people out in their tens of thousands to Hong Lim Green and keep up the online volume, then sure can effect regime change. But fortunately for the PAP, only the LGBTs can get out the crowd. Aand then only once in a pink moon.

Still if PM and the ministers want to make sure they get to keep their mega-salaries then they should start sending study teams to  Ethiopia, Iran, Cuba and China: At the lowest end of this 39-country index are countries such as Iran, Cuba and China because there is a lower level of risk of revolution in repressive countries with tight controls over the internet.

Actually, it juz might be easier to ban Facebook and other forms of social media on the grounds that users waste time on them during office hours (all those cat photos that a certain social activist posts during office hours). Users are subversives, undermining the govt’s productivity drive, the aim of which is to make S’poreans richer slaves.

Talking about the Ukraine, professor Richard Heeks from Manchester University, the creator the index, says: “But social media has been the core tool used to organise protests and maintain them by letting protesters know where they can get nearby food, shelter, medical attention, and so on.

“It has spread word about violence and has garnered support and assistance from overseas.”

BTW, S’pore, Cambodia and Laos are not on the index but the rest of Asean is

The Philippines (4th)

M’sia (14th)

Indonesia (26th)

Vietnam (29th)

Thailand (33rd: err data was up to 2012)

Burma (35th)

———————————————————-

*The index combines Freedom House’s Freedom on the Net scores, the International Telecommunication Union’s information and communication technology development index, and the Economist’s Democracy Index (reversed into an “Outrage Index” so that higher scores mean more autocracy). The first measures the degree of Internet freedom in a country, the second shows how widely Internet technology is used, and the third provides the level of oppression.

 

 

Follow

Get every new post delivered to your Inbox.

Join 239 other followers