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Posts Tagged ‘ASEAN’

Indonesia has a problem

In Emerging markets, Indonesia on 23/05/2020 at 11:34 am

Fed’s schemes to lend other central banks US$ were of little help to countries such as Turkey, South Africa, Lebanon or Indonesia. They are all shut out of the system.

A problem for Indonesia, which has to repay US$16.7bn this yr.

Pinoys: Asean tua kees

In Emerging markets, Indonesia, Malaysia, Vietnam on 06/05/2020 at 9:38 am

That was my first tot when I looked at the u/m chart on a ranking of financially stronger/ weaker emerging economies .”M’sia tak boleh” was my second tot.

The Asean ranking: PinoyLand (6th), Thailand (7th), Vietnam (12th), Indonesia (16th) and M’sia (25th).

Btw, S’pore’s not ranked because it’s not an emerging economy (except in accountability: S’pore: Bottom of developed world), but South Korea and Taiwan are still emerging economies, even if Korea is a member of of the OECD.

Covid-19: Must be Tablighi Jamaat again

In India, Indonesia, Malaysia on 02/04/2020 at 4:22 pm

Tablighi Jamaat, an influential Islamic missionary movement, with its HQ in a New Delhi slum, is now responsible for super-spreading Covid-19 in India after doing it in M’sia and Indonesia: Covid-19 in Islamic countries. In Indonesia and M’sia, it was their mass gatherings that caused serious problems. It also affected S’pore because some of people in the M’sian gathering returned to S’pore.

The Tablighi Jamaat have come into the spotlight after an event they held in the Indian capital Delhi has spawned a number of Covid-19 clusters across the country. But exactly who is this group and why did they hold a big gathering in Delhi? BBC Hindi’s Zubair Ahmed reports.

https://www.bbc.com/news/world-asia-india-52131338

With an irresponsible organisation like Tablighi Jamaat, Muslims have to be afraid, very afraid of being cast as disease carriers in India, M’sia and Inonesia. The people who don’t like Muslims and want to hurt them can only be pleased that Tablighi Jamaat was so socially irresponsible in three countries.

With an organisation like Tablighi Jamaat, Muslims don’t need enemies. Time for Muslims to do some serious soul-searching.

Double confirm, Indonesia lied about its Covid-19 cases

In Indonesia on 21/03/2020 at 4:06 am

After I published Covid-19: Indonesia caught lying, the BBC and other Western media (but not our constructive, nation-building media and our anti-PAP alt media) reported that Indonesia’s president has admitted to not telling the truth about the Wuhan virus.

In nearby Indonesia, which according to John Hopkins has 172 recorded cases of the virus, President Joko Widodo admitted recently that he deliberately held back information about the spread of the virus to prevent panic.

https://www.bbc.com/news/world-asia-51939911

Btw, for a time on Thurday, a sharp jump in deaths (19) in Indonesia meant that it outranked Italy (2978 deaths then, a few hundred more since then and overtaking China in the death rankings) in mortality rates, Italy is the centre of the Wuhan virus in Europe. There are at least 36,000 cases of the virus in Italy. So this probably means that there a lot unreported cases in Indonesia.

Related post: Haze: What Raffles would have done

Codvid-19: Why God is a S'porean

In Economy, Malaysia on 19/03/2020 at 4:09 am

I tot the above when I read

Malaysian Prime Minister Muhyiddin Yassin has assured Singapore Prime Minister Lee Hsien Loong that the flow of goods and cargo between Singapore and Malaysia, including food supplies, would continue, Mr Lee said on Tuesday (Mar 17).

Mr Lee’s remarks came after Malaysia announced it would bar citizens from going overseas and foreigners from entering the country for about two weeks starting Wednesday

https://www.channelnewsasia.com/news/singapore/singapore-malaysia-cargo-goods-border-restrictions-12547142

If Tun had been in charge, there’d be no no free flow of food and goods to S’pore. He’d have use the emergency measures meant to suppress the Wuhan virus to cut off food supplies and goods.

He’d also have ensured that the M’sian workers who regularly commute her to work, would not be able to come and stay here for the next two weeks.

Both these would cripple our economy and hurt us but he’d have the excuse of the need to suppress the spread of the virus.


Where he has tried to bully us recently:

Water: Why Tun should thank S’poreans

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

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

Tun chickened out/ Two cheers for cowardly PAP govt

Yet PJ Thum, Kirsten Han and Jolovan Wham (Nothing wrong in asking Tun M to intervene in S’porean affairs) want to lick his ass

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He likes to try to bring S’pore to its knees or at least make us try “Tolong”, as the links in the above box shows. And attempts to suppress the Wuhan virus in M’sia would have given his reasonable excuses to hurt S’pore and S’poreans.

Muhyiddin, like Najib, are people we can do business with. As would Anwar.

God loves S’pore.

Covid-19: Indonesia caught lying

In Indonesia on 17/03/2020 at 4:33 am

On February 15, I posted on why experts were sceptical on the Indonesian claim that there were no Covid-19 cases in the country. I thought it was was in denial, lying or deluded that it had missed the bullet on the Wuhan virus: Wuhan virus: Indonesia is known unknown. (Piece is below)

A minister said that the ang mohs were wrong to be sceptical about the reported absence of the virus despite the many Chinese tourists that had visited Bali. He said prayers to Allah prevented the virus from coming in.

Well on 13 March, our constructive, nation-building media reported that there were five Indonesians here who brought in the virus from Indonesia.

Then an Indonesian spokesman was caught lying that S’pore had refused to provide Indonesia with the details of Indonesians with the virus. The Indonesian Foreign Affairs Ministry said that they had the information and that it had been forwarded to the spokesman’s ministry.

And Mad Dog wants us to kiss Indonesia’s ass? And throw away our arms? With a friend like Indonesia, who needs enemies? With Mad Dog as a Singaporean, who needs enemies?

The 15 February piece.

Wuhan virus: Indonesia is known unknown

Extracts from a very long Guardian report (link below) showing why there is good reason to be worried about the reported absence of the Wuhan virus in Indonesia.

A Harvard academic has defended research suggesting a possible underreporting of coronavirus cases in Indonesia, following fierce criticism from the health minister in the world’s fourth most populous country, which insists it has no cases.

Professor Marc Lipsitch analysed air traffic out of the Chinese city at the centre of the outbreak in China and suggested in a report last week that Indonesia might have missed cases. On Tuesday the Indonesian health minister Terawan Agus Putranto called the report “insulting” and said the country had proper testing equipment.

On Thursday, health officials in Indonesia, which has a population of 272 million and is a popular destination for Chinese tourists, said they were retracing the movements of a Chinese tourist who was diagnosed with coronavirus upon his return from Bali. No-one in Bali has yet been found with symptoms.

https://www.theguardian.com/world/2020/feb/14/indonesia-coronavirus-academic-harvard-marc-lipsitch

Note there were no test kits until early Feb

A leading hypothesis for the lack of reported cases in Indonesia is that imported cases were missed, said Lipsitch, who pointed to a Sydney Morning Herald report that the country had no test kits until 5 February in support of the theory.

“If cases have been introduced into Indonesia, then there is a good chance that more cases are circulating via transmission from those cases. If so, they may go undetected for some weeks as the individuals may not seek care or may not be suspected and tested for coronavirus, especially if there is no direct link to China.”

Samples only tested in Jakarta

Currently, the policy in Yogyakarta is to ship all samples from potentially affected patients to testing facilities in Jakarta

Insufficient training to detect virus

Dr Riris Andono Ahmad, director of the Center for Tropical Medicine at Gadjah Mada University in Yogyakarta, said facilities had been set up to handle potential cases but health practitioners have not received sufficient training. “We need to be much more alert,” Ahmad said.

Insufficient public knowledge

“Public awareness of effective prevention measures is not high,” he said. “For instance, there was a lot of panic-buying of masks, but masks only work with people who are already sick. Whereas something that actually works, like washing hands more frequently – I don’t know how many people are really doing it yet.”

And finally, Indonesian officials are BS artists

One senior former diplomat in the country, who did not want to to be named, said he did not believe official assertions that no cases had been found. “There’s a tendency to hide or gloss over serious problems in the top levels of the government,” he said. “I’m a bit concerned.”.

Brits outsmart Thai Chinese billionaire twice over

In Uncategorized on 14/03/2020 at 4:32 am



Tesco bought what became its crown jewel from Thai conglomerate CP Group in 1998, during the 1998 Asian crisis, for about US$180m. CP Group was short of cash.

It is selling the business back to CP for U$10bn, about 15% more than expected. The sale was done as global markets went into meltdown.

For CP’s controlling shareholder, Thai Chinese billionaire Dhanin Chearavanont the purchase had more to do with ego than economics.

He may be saved by the Thai competition authorities. CP’s existing extensive retail businesses may mean that authorities block the sale.

NUS academic defends M’sian king and Muhyiddin

In Malaysia on 10/03/2020 at 4:43 am

Further to King’s snub to Tun is payback time, where I reported that the word in KL was that unhappiness with Tun’s attitude towards the sultans (and Pahang’s royalty in particular) played a big part in the king declaring that Mr Muhyiddin had the numbers to be sworn in as the country’s eighth prime minister. It wasn’t that the king couldn’t count

Mustafa Izzuddin, from NUS, thinks the king did no wrong:

“The King cannot make political decisions,” says Mustafa Izzuddin at the National University of Singapore.

“But he can play the role of honest broker, bringing the warring sides together. Even then it is unprecedented for a king to do so in Malaysia.

“But Malaysian politics are in uncharted waters, so revolutionary methods may have been necessary. And the King may have seen Muhyiddin as the most trustworthy and steady of the candidates.”

https://www.bbc.com/news/world-asia-51716474

He can look forward to a royal honour if Tun and gang cannot unseat Muhyiddin.

King’s snub to Tun is payback time

In Malaysia on 09/03/2020 at 6:13 am

After being reinstated as interim prime minister by the king, Mahathir seemed poised to form a new government that may have sidelined his designated successor Anwar Ibrahim. But then almost quickly, Mahathir and Anwar were once again united in an attempt to form a new government when UMNO ans PAS called for a GE.

But M’sia’s constitutional monarch, King Abdullah (whose role it is to invite a candidate to form a new government), declared that Mr Mujaheddin had the numbers, and would be sworn in as the country’s eighth prime minister.  This was done and the new appointment has been called a royal coup by the favourite ang moh newspaper of ang moh tua kees, PJ Thum and Kirsten Han (Remember them? Kirsten Han trying to defecate herself and PJ out of self-made crater)

Tun Mahathir has challenged Mujaheddin’s appointment and plans to try to bring the new government down once parliament meets again. But the problem is that the parliament won’t be meeting until mid May, giving Mujaheddin time to use his powers of patronage as PM to get the votes needed to secure his position.

Tun and gang have published a list of 114 MPs (the minimum necessary needed to secure a majority is 112) who gave him their statutory declarations promising him their votes. Mujaheddin hasn’t publicly announced such a list and the word in KL is that he doesn’t have the numbers

So king can’t count isit? Another Xia suay, like Tun who really had no good reason to resign.

Not really because as the BBC reports,

It is worth recalling too that Mr Mahathir has a history of conflict with Malaysia’s sultans, something that may have been a factor in the King’s choice.

Back in 1983 and 1993 he pressed for constitutional changes that imposed limits on royal power.

“In the earlier crisis the role of leading royal resistance to Mahathir was played by the then-Sultan of Pahang, the current king’s father,” says Clive Kessler at the University of New South Wales.

“Memories and resentments linger on and are not easily forgotten or set aside.”

https://www.bbc.com/news/world-asia-51716474

(Pahang’s then sultan was king for five years during Tun’s reign and was king when Tun was king of the jungle.)

Obviously Tun never tried to mend fences with Pahang. He never really does with anybody.

The nearest Tun will get to giving an apology is illustrated by the following tale.

A benefactor and friend who got seriously rich during Tun’s tenure as PM but who fell into his bad books (Unfairly in friend’s view, but he would say that wouldn’t he?) during the 1998 financial crisis, once told me that after Tun retired, he was invited to a personal lunch by Tun who told him, “Let bygones be bygones.”. This to a man who had to endure investigations and other indignities, excluding the probability of losing most of his wealth.

Whatever, we recently spoke, and he told me that all the Malay leaders (Tun included) still call him a “friend”: meaning he’s still rich enough to be shaken down for donations.

Related post: Simple guide to M’sian politics.

Simple guide to M’sian politics

In Malaysia on 27/02/2020 at 5:16 am

Or “Why 37 MPs ratted on Perkatan Harapan and outsmarted themselves”.

Bersatu’s 26 MPs (This technically includes Tun and his son) led by Bersati president Muhyiddin Yassin) and 11 MPs (led by Azmin Ali) from Parti Keadilan Rakyat (PKR), the largest party in Pakatan Harapan (PH), left the coalition earlier this week, leaving it without a parliamentary majority. Before the departures, the coalition had 129 MPs. To form a government, any coalition must have a minimum of 112 out of the 222 members of parliament. PH is 17 MPs short.

Tun is now the interim PM, while the king decides what to do.


Politics is all out race

About 69% of Malaysia’s 32m people are Bumiputra: Malays and other indigenous groups. A further 24% are ethnic Chinese and 7% Indian. The Malays have historically supported UMNO because it champions and defends policies to boost them economically. Bersatu, founded by Tun and Muhyiddin does too. The Chinese and Indians resent the privileges accorded to Malays. The DAP represents Chinese interests and supposedly Indian interests; PKR, led by Anwar, supposedly embraces multiculturalism.


Why did the 37 quit the coalition? One reason is an attempt to ensure that Anwar doesn’t get to become PM, another is to keep Tun in power. But an important reason is that many of them are scared of losing their seats in a GE.

Shortly after Pakatan Harapan won power, 63% of Malays thought the country was “going in the right direction”, according to the Merdeka Center, a pollster. Within two years that share had plummeted to 24%. And PH keeps losing by-elections: 5 in all so far.

Mahathir could now try to form a government with parties who remain in the coalition, backed up by new support from elsewhere (Think Sawawak’s governing party, PBB and its pals who have 18 MPs*). They have told him to f-off, coming out to say they want Anwar as PM. Looks like whatever Anwar and Lim Guan Eng (head of DAP) said publicly in support of Tun’s resignation (He said he didn’t want to team up with UMNO), there’s disbelief in PH that he didn’t known his party president and Amin were talking to UMNO and PAS.

Or he could follow his traditional supporters who have abandoned the ruling coalition, and team up with those he removed from power in 2018 (UMNO and friends). UMNO and PAS have told him that they want a GE. Sawawak’s governing party, PBB and its pals who have 18 MPs* “say” that they’ll support him.

He could also step back, and make way for a race between Anwar, Azmin and figures from his own party, Bersatu.

Fun fact: According to his website, Azmin was born in Singapore in 1964 as the fourth child of six siblings. His father, Haji Ali Omar, was in the Malaysian army, in 1968, he returned to Malaya.

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*Parti Pesaka Bumiputera Bersatu (PBB), Parti Rakyat Sarawak (PRS), Progressive Democratic Party (PDP) and Sarawak United People’s Party (SUPP) formed a new coalition called Gabungan Parti Sarawak (GPS).

 

Where S’pore is not too exposed to China

In China, Economy on 20/02/2020 at 5:42 am

S’pore’s a very open economy. But I was surprised to learn that like M’sia and Vietnam, we are not that dependent on China for electrical and electronic components. China’s the world’s largest exporter.

We are below world’s average. India despite considering China as its geopolitical rival (Chinese think Indians are deluded) are the 5th most dependent country: all those cheap made in India smartphones are assembled from Chinese imports.

Of course this doesn’t mean that places like Vietnam, S’pore and M’sia will not be hurt by China’s slowdown. MNCs from these countries are large exporters of  electrical and electronic components to China.

I’ll try to find a chart showing this.

Wuhan virus: Indonesia is known unknown

In Indonesia on 15/02/2020 at 1:37 pm

Extracts from a very long Guardian report (link below) showing why there is good reason to be worried about the reported absence of the Wuhan virus in Indonesia.

A Harvard academic has defended research suggesting a possible underreporting of coronavirus cases in Indonesia, following fierce criticism from the health minister in the world’s fourth most populous country, which insists it has no cases.

Professor Marc Lipsitch analysed air traffic out of the Chinese city at the centre of the outbreak in China and suggested in a report last week that Indonesia might have missed cases. On Tuesday the Indonesian health minister Terawan Agus Putranto called the report “insulting” and said the country had proper testing equipment.

On Thursday, health officials in Indonesia, which has a population of 272 million and is a popular destination for Chinese tourists, said they were retracing the movements of a Chinese tourist who was diagnosed with coronavirus upon his return from Bali. No-one in Bali has yet been found with symptoms.

https://www.theguardian.com/world/2020/feb/14/indonesia-coronavirus-academic-harvard-marc-lipsitch

Note there were no test kits until early Feb

A leading hypothesis for the lack of reported cases in Indonesia is that imported cases were missed, said Lipsitch, who pointed to a Sydney Morning Herald report that the country had no test kits until 5 February in support of the theory.

“If cases have been introduced into Indonesia, then there is a good chance that more cases are circulating via transmission from those cases. If so, they may go undetected for some weeks as the individuals may not seek care or may not be suspected and tested for coronavirus, especially if there is no direct link to China.”

Samples only tested in Jakarta

Currently, the policy in Yogyakarta is to ship all samples from potentially affected patients to testing facilities in Jakarta

Insufficient training to detect virus

Dr Riris Andono Ahmad, director of the Center for Tropical Medicine at Gadjah Mada University in Yogyakarta, said facilities had been set up to handle potential cases but health practitioners have not received sufficient training. “We need to be much more alert,” Ahmad said.

Insufficient public knowledge

“Public awareness of effective prevention measures is not high,” he said. “For instance, there was a lot of panic-buying of masks, but masks only work with people who are already sick. Whereas something that actually works, like washing hands more frequently – I don’t know how many people are really doing it yet.”

And finally, Indonesian officials are BS artists

One senior former diplomat in the country, who did not want to to be named, said he did not believe official assertions that no cases had been found. “There’s a tendency to hide or gloss over serious problems in the top levels of the government,” he said. “I’m a bit concerned.”.

 

 

Why has M$ strengthened against S$?

In Currencies, Economy, Malaysia on 10/02/2020 at 11:10 am

Last week, the Singapore dollar fell below the RM3 mark for the first time in about a year after our said central bank said there was sufficient room for the Singapore currency to ease as the Wuhan virus hits the economy: S$ tanks as GDP forecasts slashed

It’s now at M$2.98.

Bit surprising that the M$ has strengthened against S$ and outperformed it vis-a-vis the US$ because while S’pore is intensive care when China sneezes, M’sia dies: China sneezes, S’pore in intensive care.

Ang moh investors were net sellers of all things M’sia since 2018 when Tun came into power and are so going into this crisis, they very underweight M’sian assets. Hence had nothing much to sell. They were also especially overweighted S’pore because of the HK crisis. And so had a lot to sell to get to an underweight position.

Tun must be happy.

 

 

 

S$ tanks as GDP forecasts slashed

In Currencies, Economy on 06/02/2020 at 5:16 am

Because: China sneezes, S’pore in intensive care.

As an example of the slashing of forecasts, MayBank lowered S’pore’s GDP forecast by 38%.

MayBank’s highly respected local economist lowered his 2020 GDP growth forecast for S’pore from 1.8% to 1.1%. He said the virus outbreak and travel restrictions would hurt tourism and retail, while disruptions to China’s supply chain would have knock-on effects for manufacturers. Other economists also saying the same thing.

Meanwhile there was continued selling of the S$. It was down 0.6% against the US dollar by Wednesday afternoon in London according to the FT. It fell 0.9% earlier: https://finance.yahoo.com/news/singapore-says-monetary-policy-unchanged-022532822.html

It’s the third worst-performing currency in region this year, down 2.3%, according to Bloomberg. The Thai baht is the worst-performing currency in the region this year, according to Bloomberg, down 3% against the US dollar. Rupiah is the second worst-performing.

Think PAP govt dares raise GST this yr? Double confirm: No GST rise this yr

 

China sneezes, S’pore in intensive care

In China, Economy, Uncategorized on 03/02/2020 at 7:22 am

Koreans will die.

So will the Hongkies, Thais and M’sias. S’poreans, Japanese, Peenoys, Viet Kong, Diggers and Indons will be in the intensive care unit.

 

The only people happy in S’pore are those who wish S’pore ill: Fake news that S’poreans panicking about shortage of masks.

Anti-PAP activists and cybernuts love the opportiunity, or so they think, of spreading more fake news to sabo the PAP govt.

But they are deluded. Tom, I’ll post why the PAP govt will now win bigely this GE. The 4G leaders will get the 65% of the popular vote that they need.

Remember that I was negative about the 4G team getting 65% of the popular vote: Ground is not sweet for an early 2020 GE.

Property: Get excited about M’sia, Manila

In Malaysia, Property on 17/01/2020 at 5:16 am

Victoria Garrett, head of residential, Asia Pacific, at Knight Frank writes

The Knight Frank Prime Global Cities Index, which tracks the movement in luxury residential prices across 45 cities, saw 1.1 per cent average annual price growth in Q3 2019, down from 3.4 per cent for the same period in 2018, with secondary cities in Asia — including Taipei, Manila, Guangzhou and Delhi — creeping into the top 10. We expect those markets with strong local economies (Manila, Shanghai and Taipei) to perform strongly in 2020 as well as those cities where wealth forecasts are above the regional average (Bengaluru, Manila, Guangzhou, Ho Chi Min City). [Note she doesn’t mention us. LOL.]

Manila’s prime residential market continues to sprint ahead, with prices rising 5.6 per cent in the first nine months of 2019, adding to the 11.1 per cent rise seen in 2018, according to Santos Knight Frank Research. This is driven by investors buying prime residential property to lease out to employees working in business process outsourcing (BPO) and for Philippine offshore gaming operators. While there are some supply concerns this year, demand should keep pace, and we expect prices to continue rising given the ever-expanding BPO sector.

Malaysia’s residential property market appears to be bottoming out, although it will take time before the market sees a significant improvement. We expect the market to improve gradually with support from government initiatives. The lowering of the price threshold for foreign buyers from RM1m to RM600,000 ($243,000-$146,000) in 2020 for unsold high-rise units in urban areas is expected to help address the overhang, particularly for units in the RM600,000 to RM700,000 range in selected areas.

Remember you read this here first.

Related post: Soon can buy M’sian apt for less than 2-room HDB flat

Tun talks cock, Mamas upset, M’sian palm oil growers suffer

In India, Malaysia on 02/01/2020 at 4:36 am

Palm oil is M’sia’s biggest agricultural export, used extensively around the world, in everything from cooking oil, to bio-fuels, and een in  lipsticks. Hundreds of thousands of M’sian farmers depend on palm oil exports for their livelihood,

India, the world’s biggest importer of edible oils, buys more than 9m tonnes of palm oil annually, mainly from Indonesia and Malaysia. Between January-October 2019, India was the biggest buyer of Malaysian palm oil, taking in more than 4m tonnes, according to official M’sian data.

But its palm oil exports to India dropped from 310,648 tonnes in September to 219,956 tonnes in October – and then to 142,696 tonnes in November.

Because in late September, Big Mouth Talk Cock King Mahathir said India had “invaded and occupied” Kashmir, the Himalayan territory that is legally part of India. Delhi had only revoked Indian-administered Kashmir’s autonomy in early August, and communication and other curbs remain in place.

Indians were unhappy, and India’s top vegetable oil trade body called on its members to avoid buying M’sian palm oil to “show solidarity” over Kashmir.

As hundreds of thousands of M’sian farmers depend on palm oil exports for their livelihood, the M’sian government has admitted the advisory was a “major setback”. -Tun went further, saying it “amounts to a trade war”.

Experts agree that it’s “major setback”.

“If there is a formal boycott, it will hit M’sia hard in the short term,” James Chin, director of the Asia Institute at the University of Tasmania, told the BBC. “It will be very difficult for Malaysia to find a new buyer for the volume.”

S’poreans should behave like the Mamas when Tun next threatens us.

Water: Why Tun should thank S’poreans

In Economy, Environment on 27/11/2019 at 11:34 am

He should thank us for being so generous with our money. But he’s a born ingrate. Look at what he’s doing to ensure that Anwar doesn’t become his successor, as he promised. He made that promise when he needed Anwar’s help to become PM.

Seriously, further to What Tun and our alt media don’t tell us about the water supply from Johor, do you know S’poreans with more $ then sense are spending at least S$81.6m annually buying water from M’sia? We roughly import 204 million bottles of water and at an price of say $0.40 cents a bottle, we are giving Tun money for old rope, as the saying goes. According to United Nations trade data, most of Singapore’s bottled water is imported from M’sia.

Singapore imports about 17 million bottles of water per month from Malaysia alone, Mr Masagos Zulkifli said on Monday (Nov 4), citing latest figures compiled by the Singapore Food Agency.

Read more at https://www.channelnewsasia.com/news/singapore/singapore-import-bottled-water-malaysia-12062780

The Minister for Environment and Water Resources was speaking in a written reply to Nominated Member of Parliament Mohamed Irshad.

What this means is that we are importing 204 million bottles a year and this costs us S$81.6m assuming a 600ml bottle retails at S$0.40 (It often costs more). F&N and Coca-Cola the companies manufacturing the most popular varieties here source water from West M’sia and a 600ml bottle from the former is S$0.36 cents and a bottle from the later costs S$0.40.

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The price of 1 litre of tap water in Singapore? $0.00274.

https://blog.seedly.sg/bottled-water-brand-price-evian-volvic-badoit-why-so-expensive/

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In 2016, CNA reported (reconfirmed earlier this yr) that F&N and Coca-Cola – the companies manufacturing the most popular varieties here – sourced tap water from West M’sia.

[A] significant number – including market leaders like F&N’s Ice Mountain and Coca-Cola’s Dasani – are sourced from public water supplies. These two brands made up more than half of the bottled water sales volume in Singapore last year, according to Euromonitor data.

When contacted, F&N confirmed that Ice Mountain sold in Singapore “is sourced and packed in Malaysia from tap water”, while Coca-Cola said that Dasani produced for the Singapore market comes from “the local water supply at (its) facility in Malaysia”. Both companies also said they have multiple purification processes in place, which distinguishes their “pure drinking water” from tap water.

Read more at https://www.channelnewsasia.com/news/singapore/singapore-s-s-134m-bottled-water-addiction-7633342

The 2016 article, focused on how demand for still bottled water was growing, went on sounding upset that S’poreans

are willing to pay as much as a thousand times more for bottled water when clean, drinkable tap water is readily available at a nominal charge has left some environmental advocates and experts scratching their heads.

A 600ml bottle of drinking water usually retails for about S$0.50 to S$1. According to PUB, the same amount of tap water only costs 0.1 cent, making it 500 to 1,000 times cheaper than bottled water. This price differential, while significant, is not sufficient to motivate consumers to move more to tap water, said Prof Ng, who is the executive director of the Nanyang Environment & Water Research Institute at NTU.

Read more at https://www.channelnewsasia.com/news/singapore/singapore-s-s-134m-bottled-water-addiction-7633342

————————————————

Reminder

The price of 1 litre of tap water in Singapore? $0.00274.

https://blog.seedly.sg/bottled-water-brand-price-evian-volvic-badoit-why-so-expensive/

——————————————————————

Coming back to the minister and NMP, the NMP asked about the government’s plans to install more water dispensers and water coolers at places such as office buildings, shopping centres and public transport stations.

Minister said

Given that water from the tap in Singapore is perfectly safe to drink, we can and should definitely do more to reduce consumption of bottled water.

Minister

Hear, hear.

Minister should have added: “The price of 1 litre of tap water is $0.00274.”

 

 

 

 

Chill wind from emerging mkts

In Currencies, Emerging markets on 27/11/2019 at 7:18 am

Is winter coming?

If the US$ strengthens, developing countries will be in trouble because foreign currency debts (i.e. US$ bebts mainly) are falling due big time next year.

 

 

 

 

 

 

 

 

 

 

 

 

And many may not have the $. M’aia and Indon are OK. Lots of reserves.

 

 

 

 

 

 

 

 

 

 

 

 

FYI

Soon can buy M’sian apt for less than 2-room HDB flat

In Malaysia, Property on 26/11/2019 at 11:04 am

From next yr, foreigners can buy property in federally-governed territories (mostly areas in and around KL), for only 600,000 ringgit (S$198,000: S$200,000 seems to be the value of a 2-room HDB flat in Bedok) following a move by Tun’s government to slash the threshold for foreign buyers by 40% to address an oversupply of high-rise units.

Finance Minister Lim Guan Eng announced the measure in October when he outlined Malaysia’s 2020 federal budget, saying that addressing the oversupply would boost the economy.
Tun (Remember he didn’t want foreigners to buy property in Johor when he came to power?) later warned that “crisis” loomed if the glut in supply was not resolved: “We have to get rid of this overhang so that the market for property becomes healthy again. We need to sell them or the developers will get into trouble.” Mahathir said. The  housing minister, Zuraida Kamaruddin said she hoped the measure would help “restore the financial position of Malaysian developers”.
But Johor or Penang, the places that S’poreans prefer, are not playing ball:

While the central government intends to lower the threshold for units in federally-governed territories next year, individual state governments are not compelled to follow suit.

Although leaders from Penang, Selangor and Johor – states suffering from an oversupply of high-end condominium units – have said they are reviewing their foreign-ownership property thresholds, two of the states have said that the 600,000-ringgit figure is too low.

In some states, foreign buyers are currently limited to property priced at 2 million ringgit(US$480,000)or above.

https://www.scmp.com/week-asia/politics/article/3036959/us145000-malaysian-homes-get-cheaper-foreign-buyers-will-locals?fbclid=IwAR2zWYqIOT3HUExC4xH47o9rUF4KNLrsjDFk1McqPVCg2SmkViGZLsMrFIE

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Related posts:

What a 4-room HDB flat buys in Iskandar & KL

S’poreans own Iskandar

Iskandar: Dummies Guide on why it’s rubbish


I’ll end with

Li [a taxi driver in HK] was amazed at how “cheap” apartments in Singapore are. He lives with his parents in a one-bedroom apartment that is worth HK$6.5 million (US$830,000). He cannot afford to move out and, with his fourteen-hour days, has neither the time nor money to date.

https://sudhirtv.com/2019/11/15/a-longform-on-hong-kong-vs-singapore/

 

M’sian SOE debt at dangerous level

In Energy, Malaysia on 23/11/2019 at 3:53 am

Much of the deterioration in finances and credit ratings in developing countries state-owned enterprises are

due to the predominance of oil and gas companies among SOEs, Cnooc and Sinopec of China, Gazprom of Russia, Petrobras of Brazil and Malaysia’s Petronas as well as Pemex, which have been hurt by the fall in oil prices since 2007.

FT

Emphasis mine.

 

Want Tun to run S’pore?

Yoma: Still not too late to join the ride

In Uncategorized on 19/11/2019 at 4:33 am

On Monday, the shares inched up to 40 cents. Ayala is buying a 20% stake at 46 cents. Still time to buy. Re: Yoma: Last chance to buy?

Serioualy looks like the penny stock fiasco of a few yrs ago have curbed the animal spirits of syndicates and punters. Re: Retail punters suffer ’cause SGX, MAS dysfunctional?

Criminal case against Soh Chee Wen etc continues.

Buying STI ETF is buying into HK

In Financial competency, Hong Kong, Indonesia on 18/11/2019 at 4:17 am

I’ve always told young people who want to invest in local shares to buy into one of the two STI ETFs if they believe that the PAP govt is doing a decent job and will continue doing a decent job, and if they believe that it will continue ruling S’pore. A coalition of the Spastics (Mad Dog, Lim Tean and Goh Meng Seng) will ruin S’pore.

But with the troubles in HK, I’ve had to modify that advice by telling them that because the STI Index has a heavy HK component, they have to think about HK’s problems and its long term future.

I tell them that around 13% of the STI Index (by mkt cap) is made up cos in the Jardines Group. Jardine and Matheson (and Sassoon) were the original narco drug barons. Jardines Group is still very HK-based: Dairy Farm, Jardine Matheson, and HK Land. All these cos are in STI, as is Jardine C&C*. See table for the HK exposures of the Jardines Group: SGX-listed stocks that have serious HK exposure. Note that Mandarin Htls is part of Jardines Group.

I’ll end with a link to the constructive, nation-building BT, defending the heavy presence of Jardines in STI Index: https://www.businesstimes.com.sg/companies-markets/are-there-risks-to-having-too-many-jardine-units-in-the-sti. Note a far cry from its snide remarks in 2010. See STI ETFs — Are there values there?.


*Jardine C&C is big in Indonesia: Impt of Indonesia to Jardine’s and other local listcos

 

Yoma: Last chance to buy?

In Uncategorized on 17/11/2019 at 2:44 pm

Still trading 15% below Ayala’s entry price.

Serge Pun, executive chairman of Yoma Strategic Holdings, bats aside suggestions that he is accepting investment from Ayala only because Western enthusiasm for Myanmar’s growth story has waned. “Asian investors are a lot smarter than Western investors,” says Pun at a media briefing on Nov 16.

On Nov 14, Ayala Corporation, Philippines’ oldest business conglomerate, announced it is investing up to US$237.5 million ($324 million) in exchange for a 20% stake in Singapore-listed Yoma Strategic, and Yangon-listed First Myanmar Investment Company.

Yoma Strategic shares surged as a result. It closed on Friday, Nov 15 at 39 cents, up more than 18% from the 33 cents before the deal was announced. At this level, the company is valued at $731 million. Yoma Strategic started this year at 35 cents. In 2013, at the peak of the Myanmar boom, the company was traded as high as 87 cents.

https://www.theedgesingapore.com/capital/company-news/asian-investors-are-smarter-says-yomas-pun

 

“Singapore water issue a legacy of Mahathir: Malaysian minister”

In Infrastructure, Malaysia, Media on 15/11/2019 at 5:24 am

Screamed an AsiaOne (part of the constructive, nation-building SPH and stable-mate of ST) headline

The unresolved issue of the price of water sold to Singapore was a legacy of Tun Dr Mahathir Mohamad, says Datuk Seri Dr Wee Ka Siong (BN-Ayer Hitam) (pic).

He said this as he reminded a Johor lawmaker, who raised the issue when debating Budget 2020 in Parliament yesterday.

[…]

Dr Wee [reminded] it was Dr Mahathir who decided not to raise the water tariff on the sale of water from Johor to Singapore.

“As far as I know, this was done in 1987 when YB Langkawi was the Prime Minister then*.

https://www.asiaone.com/malaysia/singapore-water-issue-legacy-mahathir-malaysian-minister?fbclid=IwAR3RWjrsGs3xHhScLJAiQMQhU3aqrorDDMprK0M-aBlDeUc40-wOECKbizU

Wow! Except that the said Dr Wee is not a Malaysian minister. He’s an ex-minister who was in Najib’s cabinet. Surely not the same.

Morphing an ex-minister from a Najib cabinet into a present-day minister in a Tun cabinet sounds like fake news from our constructive, nation-building media. But I doubt, it’ll get POFMAed by the PAP govt.

Btw, in What Tun and our alt media don’t tell us about the water supply from Johor, I wrote

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


*The exchange went on

“He decided not to raise the rates. So what are your views as the fourth Prime Minister is now the seventh Prime Minister?” Dr Wee asked.

In response, Santhara said things were different now as Dr Mahathir made the decision back then when he led the Barisan Nasional government.

“But now, he sits in a Pakatan Harapan Cabinet and is the Prime Minister and Pakatan chairman.

“The thinking now is to resolve the problem, ” he said.

Dr Wee then pointed out that the time to resolve the water agreement with Singapore has since passed.

 

S’pore: Bottom of class in Asean

In Economy, Indonesia, Malaysia, Vietnam on 09/11/2019 at 4:47 am

Don’t believe me? Look at this table where MNCs relocating from China are going to.

To be fair, S’pore’s a developed city-state while the rest of Asean are third-world countries: including M’sia.

Btw, table also shows that PeenoyLand and Indonesia are “shithole” countries as far as manufacturing investments are concerned. Infrastructure problems, poor governance and bad labour and other laws ensure that MNCs don’t relocate there despite cheap labour and in Peenoy’s case, the use of some kind of English.

HSBC: West not tua kee

In Banks, China, Hong Kong, India on 31/10/2019 at 4:29 am

In fact ang moh sui jee.

HSBC recently came up with a worse than expected set of results. Despite a US China trade war (HSBC is world’s largest trade financier and China’s the wotld’s workshop) and HK riots, its Asian businesses performed in line with analysts’ expectations.

Ang moh countries under-performed as usual but disappointed the already low expectations

HSBC’s cost-to-income ratio is 104% in Europe, compared with 43% in Asia, where it generates nearly 90% of its profits. The bank makes only a quarter of its lending in Britain, yet the country generates 35% of its non-performing loans … Its $98bn of risk-weighted assets allocated to America produce only $527m in annual profit.

https://www.economist.com/finance-and-economics/2019/10/28/as-profits-dwindle-hsbc-plans-a-radical-overhaul

Ang mohs are expensive, useless deadbeats. The only Asian country in HSBC’s empire like ang moh land is Ah Neh Land.

Related posts

HK: Why HSBC can still smile: Money withdrawn from mainland banks are deposited into Hang Seng Bank. Majority-owned by HSBC but has its own listing and distinct identity and brand. Google up images of its branches. More on Hang Seng Bank: HSBC, Superman and another Cina superhero.

Why HSBC is really Hongkong Bank

 

 

Hoping for Perkatan Harapan type victory here?

In Malaysia on 28/10/2019 at 3:44 am

Then expect bad economic growth. Look at the chart below and realise that it was the economy that did it for Najib. It tanked badly during his last year

Btw, why rational S’poreans should be afraid, very afraid that a Coalition of the Spastics wins: My predictions about Spastics’ League, False Hopes: Coalition of the Spastics and Election manifesto of Spastics League?.

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

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

I’m sure you know:

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

PUB

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

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

—————————————————-

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

——————————————————

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

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

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

PUB

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

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

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

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

These

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

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

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

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

Water: M’sia takes us to the cleaners

 

 

 

M’sian stocks: eagles and dogs

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

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

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

 

SAF can really detect and neutralise drones?

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

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

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

Headline from constructive, nation-building CNA

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

Is he talking cock?

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

and

But let’s be serious

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

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

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

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

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

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

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

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

Which is why this got rushed into the area

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

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

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

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

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

Asean experts in infowars

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

(Two excerpts from a very long BBC article)

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

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

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

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

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

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

Here’s how it’s done

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

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

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

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

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

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

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

Related post:

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

And since the post’s publication:

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

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

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

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

Stop being fascinated with HK riots, look closer home

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

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

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

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

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

 

Neighbouthood’s in a pretty good place

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

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

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

Haze: Clearing land without burning is very expensive

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

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

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

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

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

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

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

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

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

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

Because so cheap, so no wonder

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

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

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

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

Higher oil prices and regional economies

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

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

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

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

Indons thrash us, Viet Kong catching up

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

Where’s M’sia and Thailand?

M’sia boleh: Growing bamboo on Mars

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

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

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

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

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

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

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

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

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


How Hongkies justify flying US flag

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

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

Quote from FT

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

————————————————————

Waz the latest row all about?

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

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

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

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

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

Sounds like we are being discriminated against.

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

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

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

What is Verily?

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

Wikipedia

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

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

 

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

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

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

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

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

Constructive, nation-building CNA

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

What happened in Java last weekend

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

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

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

This resulted in violent protests in West Papua

The area’s largest protests in years saw numerous buildings torched – including a jail and a market – and resulted in the Indonesian government deploying thousands of additional security officers to an area which is already the country’s most heavily militarised.

The internet has also been shut down to “restore security”, according to the Indonesian government.

https://www.bbc.com/news/world-asia-49434277

But it’s more than racist taunts. Papuan students in Java, told BBC Indonesian they are often made to feel like second-class citizens.

“I have been turned away from student boarding houses and told that they will not receive boarders who are Papuan students,” said Benfa, a Papua student in Yogyakarta.

“We face discrimination and racism daily,” Aris Yeimo, from the Papuan student union, added.

Coming back to the spark that started the riots (the racial taunts),  a few Indonesian politicians are showing some sensitivity. The governor of East Java province apologised for the racism in Surabaya, and President Joko Widodo announced plans to visit Papua. But better not to have allowed the taunts in the first place?

Related post:

Brownfacegate: Did you know Shanmugam also said this?

Typical Chinese reaction to “brownface” ad/ Cina also can get upset

Brownfacegate: The inside story?

S’pore, Indonesia doing well in unicorn breeding

In Indonesia on 26/08/2019 at 3:00 pm

A unicorn is a privately held startup company with a current valuation of US$1 billion or more.

S’pore’s got two: Grab (the mobility platform that wants to conquer SE Asia) and Trax (Computer vision technology for use in retail industry: FT builds tools for bricks-and-mortar retail)

Whatever, we are doing pretty well in unicorn breeding. We’ve got two, while Japan has only three.

But then Indonesia has four  Go-Jek, Tokopedia, Traveloka, and Bukalapak.

Go-Jek is a mobility platform that also wants to rule SE Asia. Tokopedia and  Bukalapak are e-commerce businesses Traveloka provides airline ticketing and hotel booking services online.

Akan Datang: really bad haze

In Environment, Indonesia on 26/08/2019 at 4:26 am

Could be like the one in 2015: Haze, 9/11 & TOC or the one in 2013: P Ravi’s reposting: What the govt should have done.

Indonesia is experiencing the worst annual fire season since 2015 and it’s comparable to the Amazon fires: “Whether or not the situation can be contained will become clear in the coming weeks,” BBC

As fires rage in Brazil’s Amazon rainforest, the south-east Asian nation of Indonesia is witnessing a similarly devastating ecological tragedy unfold.

The dry season has arrived in Indonesia – home to some of the world’s oldest tropical forests – bringing with it its worst annual fire season since 2015.

Close to 700 hotspots have been identified in fire-prone regions in Sumatra, Kalimantan and the Riau islands.

Prevailing winds carrying smokes and dust particles have picked up, blowing towards Malaysia and Singapore.

https://www.bbc.com/news/world-asia-49444325?intlink_from_url=https://www.bbc.com/news/science_and_environment&link_location=live-reporting-story

And the usual Indon BS

Military planes, ready with water jets, comb the skies above Kalimantan and Sumatra in search of impending fire.

Btw, the area where the new capital will be is within the areas where there are annual fires

Indonesia is pressing ahead with plans to move its capital from the traffic-choked city of Jakarta to the island of Borneo. The precise location has not yet been revealed – nor has a timeline – but President Joko Widodo formally launched the scheme in parliament on 16 August.

https://www.bbc.com/news/world-49406700

 

Chaos can be good for S$, PM, PAP 

In Currencies, Emerging markets, Hong Kong, Indonesia on 20/08/2019 at 4:45 am

I kid u not.

HK$ rose against US$ despite the protests and riots that created economic uncertainty. Hmm maybe Mad Dog in power could be good for S$.

S’pore bidding for 2032 Olympics?

In India, Indonesia, Malaysia on 14/08/2019 at 7:22 am

Malaysia and Singapore are reportedly considering a joint bid,

In a story about Indonesia’s planned bid, the NAR reported the above. It also reported that India was planning a bid and the idea of a North-South Korea bid has also been floated.

It says that India would pose the greatest threat to Indonesia succeeding.

Some Asean currencies are a cheong

In Currencies, India, Indonesia on 06/08/2019 at 5:15 am

We know how the S$ has been performing against US$. But did you know that some Asean Currencies have strengthened against US$? And the Indian rupee? Tell that to the Nairs and maybe they’ll be less uptight about not being Chinese in S’pore: Brownfacegate: Did you know Shanmugam also said this?

At one time local Chinese chauvinists called S’pore either the 3rd or 4th China (depending on whether they excluded HK from China: it was then a British colony). One Harry Lee locked them up but he made sure that Chinese kids had to study Mandarin.

Why Sino-US Cold War is great for our economy

In China, Economy, Indonesia, Malaysia, Vietnam on 22/07/2019 at 5:37 am

It’ll do for our economy what the Vietnam War did for HK and our economies: spur economic growth

Further to Will the last US MNC leaving China switch off the lights, the charts below show almost nothing is made in America. Almost everything is made in China, and almost the rest in Asean i.e. countries like Vietnam, Indonesia and M’sia.

As the regional trading, financial heart and hi-tech manufacturing centre (Think Ang moh manufacturer employs more people here than in China and planning to employ a lot more) of Asean, we’ll benefit (Think Ang moh who bot S$73.8m flat).

Bang yr balls Oz-based TRE cybernut and funder “Oxygen”. Left S’pore a long time ago but still hates S’pore and wishes us ill. But still has CPF account. Used to evade Oz tax, it’s alleged by Secret Squirrel.

But of course short term we suffer: “Only cold spell coming, but not Winter,” says Heng. 

Vote wisely. Remember: IMF affirms support for PAP policies.

 

 

Will the last US MNC leaving China switch off the lights

In China on 19/07/2019 at 3:50 pm

Further to Apple planning to leave China with help of Taiwanese Foxconn, big US MNCs such as HP, Dell, Microsoft and Amazon are looking to shift big amounts of their production out of China, says the Nikkei Asian Review. The potential exodus reveals how the US-China tech war is accelerating the already underway cost-push migration of capacity to SE Asia.

The plans vary for each company.

HP and Dell, which together command about 30% of the global personal computer market, are planning to shift up to 30% of their notebook production out of China. Microsoft, Google and Amazon are considering moving some of their game console and smart speaker manufacturing out of the country.

Others are evaluating options.

These plans have not changed since President Donald Trump signalled at the G20 meeting in Japan a possible softening of a ban on US businesses exporting technology to China. US policy is too uncertain, it says

But can US MNCs manage to move? Nikkei doesn’t bother to analyse. Watch this space for analysis.

Gd news for the PAP

In Economy on 06/07/2019 at 4:58 am

A survey by the American Chamber of Commerce in Singapore shows nearly half of multinationals in Asia think south-east Asia has become more attractive as a result of the US-China friction.

Cybernuts should remember that S’pore is in SE Asia, and the regional centre for shipping, air transport, finance and commerce.

SingTel, Hong Leong will get digital bank licences

In Banks, S'pore Inc, Telecoms on 01/07/2019 at 5:06 am

MAS to issue up to five new digital bank licences: SM Tharman

Constructive, nation building media

It’s a nap that two of the licences will go to SingTel (or a SingTel jv) and Hong Leong Group

SingTel or a jv led by it will get one of the two digital full bank licences, which will allow licensees to provide a wide range of financial services and take deposits from retail customers. The focus of a SingTel bank will be regional remittances via its regional network of telcos. Think of all the Peenoy and Indon maids who remit money via remittance firms.

Grab or Go-Jek could decide to try to cut a deal with SingTel, rather than apply for a virtual bank licence themselves because they can bring to the party a regional presence via their apps etc. But SingTel may be too greedy to do a jv. I suspect the authorities will make SingTel tie up with Go-Jek or Grab. But the other co will not be left out in the cold (see below) because I think the authorities want competition here between the two and because Temasek has stakes in both: Temasek, GIC got this right in our backyard. Related post: Offered money, Grab it

Hong Leong group will get one of the up to three digital wholesale bank licences, which will allow licensees “to serve SMEs (small and medium-sized enterprises) and other non-retail segments”. Hong Leong Finance is a de facto SME bank though people like Inderjit Singh and Jack Sim are not happy with the way it does biz, and are forever KPKBing for really cheap financing for SME owners, even though it’s a fact that SME owners often divert biz loans to buy property.

Grab, Go-Jek and Razor will try for the other virtual bank licence, though I think they’ll have to find a S’porean partner because

Companies headquartered in Singapore and controlled by Singaporeans will be able to apply for digital full bank licences.

Foreign companies who wish to apply must form a joint venture with a Singapore company, the authority added. The joint venture must meet the headquarter and control requirements. Digital wholesale bank licences are open to all companies.

I’m sure they will try to get M1 owned by Keppel and SPH to partner one of them.

But as I said for Grab and Go-Jek working with SingTel could be a better bet if SingTel is not too greedy. The other could then tie up with M1.

As to Razer? Razer? Who the f@#! is Razer?

 

 

 

 

Offered money, Grab it

In Uncategorized on 29/06/2019 at 4:39 am

This seems to be the philosophy of Southeast Asia’s biggest ride-app company.

Grab has received an additional US$300 million investment from asset manager Invesco as part of plans to raise $6.5 billion in total capital this year.

“The additional investment in Grab takes Invesco’s overall total to US$703 million and re-affirms its belief in Grab’s vision and plan for the region,” Grab said in a statement on Jun 27.

Softbank-backed Grab said in April that it was looking to raise another US$2 billion this year to ramp up expansion, weeks after announcing more than US$4.5 billion of funding in Southeast Asia’s largest round of private financing.

Seems most of the money with go to developing fintech and insurance, not subsidise rides. Well it did out-subsidise Uber until the latter cried “Uncle”, pulled out of the region and took a stake in Grab in recompense. Grabbed Uber’s balls, Grab did.

Temasek, GIC got this right in our backyard

In GIC, Indonesia, Internet, Temasek on 22/06/2019 at 6:01 pm

Indonesia is really the place to be in e-commerce.

And Temasek is there: Indonesia: Temasek, Google & McKinsey singing from the same page

As is GIC via Bukalapak: an e-commerce unicorn: https://techcrunch.com/2019/01/18/bukalapak-raises-50m/

Btw, Go-Jek where Temasek has a stake has big plans in Thailand and Vietnam, as does Grab (where Temasek also has a stake).

 

 

Expect MAS to “manipulate” S$ lower

In Currencies on 20/06/2019 at 4:58 am

TD Securities recently said S’pore could shift to an easier stance (code for allowing S$ to weaken against US$ and other currencies) in October.

TD Securities expects plenty of central bank action from Asia this summer as US and Chinese tariffs against each other bite and other Asian economies become collateral damage. It says many Asian countries have room to act, given the relative stability in their currencies.

M’sia is likely to ease policy in July. India, Indonesia and Philippines are likely to ease by August. South Korea, Taiwan and Thailand are likely to ease later in the year.

And they will all say “We don’t target the exchange rate.”

Yesterday, Trump complained that the euro zone’s monetary policy is unfair, complaining of a weak euro

Asked whether he was starting a currency war, Mr Draghi [the president of the European Central Bank] responded that his only objective was to achieve the bank’s inflation target. “We don’t target the exchange rate,” he said. His audience burst into applause.

Economist

Asian central banks will copy and paste “We don’t target the exchange rate.”

And Trump will KPKB.

Related posts:

Winter is here, how big will the anti-PAP vote be?

Winter’s here, and it’s an Antarctic winter

 

Streaming — S’pore tua kee

In Internet on 15/06/2019 at 1:50 pm

In Asean

Why is Tun full of gas?

In Energy, Malaysia on 07/06/2019 at 4:04 am

Because M’sia’s the world’s third biggest exporter of gas. Never realised this until yesterday.

Swiss Standard? What Swiss standard?

In Uncategorized on 21/05/2019 at 10:35 am

S’pore not even up to third world standards when it comes to severance pay.

Related post:

More CGT BS? Swiss Standard? What Swiss standard?

 

Does this happen here, PJ Thum and friends?

In Malaysia on 15/05/2019 at 6:03 am

Firdaus Abdillah, the editor of online magazine Neon Berapi, was arrested on Thursday night after allegedly badmouthing Johor Crown Prince Tunku Ismail Sultan Ibrahim in a series of tweets, reported local media.

Read more at https://www.channelnewsasia.com/news/asia/malaysia-mahathir-regrets-arrest-of-activist-crown-prince-11522290

When I read the above, I tot of

According to Kirsten Han, PJ Thum “urged (Mahathir) to take leadership in Southeast Asia for the promotion of democracy, human rights, freedom of expression and freedom of information”.

Kirsten Han trying to defecate herself and PJ out of self-made crater

Related posts:

Still urging Tun to take leadership in SE Asia; PJ, Kirsten?

WTF! With PAP on the ropes why this self-inflicted distraction?

Jolovan Wham: Nothing wrong in asking Tun M to intervene in S’porean affairs

If Tun still allows this to happen in M’sia, why should we want regime change here?

Vote wisely.

 

M’sia one yr on: What Tun’s fans here don’t tell us

In Malaysia on 14/05/2019 at 11:09 am

When Tun and his new gang took power around this time last year, anti-PAP types were so happy. They asked him to bring democracy to S’pore:

— Kirsten Han trying to defecate herself and PJ out of self-made crater

— Jolovan Wham: Nothing wrong in asking Tun M to intervene in S’porean affairs

Well a year later, they kinda quiet and it’s not only because he threatened S’pore over water and territorial waters

— Let’s gloat at Tun as he threatens us

— Tan Kin Lian thinks Tun is more sinned against than sinning

The M’sian economy is in a bad place with foreign investors giving M’sia a miss.  Deep divisions within the ruling coalition have prevented measures to increase government revenue, attract investment or create jobs. Poor Chinese died in a rush for food coupons: M’sian voters repenting?

Here’s what Reuters reports

Investor Concerns

Business sentiment has cooled after initial optimism that followed Pakatan’s electoral win, due mainly to a lack of consensus on the way forward for the economy, according to an April survey of 250 businesses by Ipsos Business Consulting.

“The continued lack of clarity on economic policies may lead to an increased level of anxiety among the businesses and further intensify the fear of an economic slowdown,” the firm said its report.

Investors in the survey also expressed concerns over currency fluctuations and slowing economic growth. The ringgit currency has slumped this year and stocks are underperforming regional rivals.

Malaysia has had to fill a revenue shortfall stemming from a populist measure to scrap a goods and services tax last year, while efforts to turn around struggling state entities that burden the treasury, including long-suffering Malaysia Airlines, have faltered.

In March, Malaysia’s central bank cut its 2019 economic growth forecast to 4.3-4.8% from 4.9%, on expectations of a significant drop in export expansion due to slowing global growth and the U.S.-China trade war.

On Tuesday, Bank Negara Malaysia became the first central bank in the region to cut its benchmark interest rate, in a move to support the country’s economy.

Mahathir has mended ties with China, reaching a cut-price $11 billion rail link deal, which is a welcome investment boost.

But with Malaysia’s debt-to-GDP ratio around 50%, public support waning and an unstable ruling coalition, it will become increasingly difficult for Mahathir to boost economic growth and win back disillusioned voters.

“With exports likely to remain in the doldrums, GDP growth in Malaysia looks set to slow to a post-financial crisis low this year. The government’s recent policies will make the downturn even worse,” Capital Economics said in a research note on Wednesday.

(Reuters)

Already the Malays are repenting for deserting UMNO

Support for the government fell to just 39% in March, sharply down from the 66% rating in August 2018, according to a survey by independent pollster Merdeka Center.

Mahathir also saw his popularity plunge to 46% from 71% over the same period, although he says he doesn’t put much faith in these numbers.

Worryingly for Mahathir, Merdeka Center said Malay Muslims, who make up around 60% of Malaysia’s 32 million people, were largely more critical of his administration.

Most of the poorest people in the country are Malay and for decades they have been the beneficiaries of subsidies and other affirmative action policies pushed by UMNO.

Many in the majority community were also angered when Mahathir appointed an ethnic Chinese finance minister and an attorney-general from the Malaysian-Indian minority, and said cash handouts to Malays could be reduced.

Pledges to end the death penalty and rescind oppressive laws such as the colonial-era Sedition Act were also unpopular with traditionalists.

Vote wisely.

HoHoHo: Bad news for Go-Jek and Grab

In Indonesia, Malaysia, Temasek, Vietnam on 11/05/2019 at 5:32 am

Uber’s shares sank almost 8 per cent below their offer price on Friday, giving the ride-hailing company a disappointing market value of below $70bn — a far cry from the $100bn valuation it had until recently hoped to achieve.

FT today

Meanwhile Lyft which was valued at U$22.4bn at its IPO closing price (up 9% from its offer price). By May 7th, the day it reported results for the first quarter as a public company, it was worth only US$17bn. Lyft’s share price fell by another 11% the next day.

These performances have

left investors questioning the appetite for unprofitable car-booking companies that have relied on a flood of private capital to fund heated expansion and competition.

FT

As Economist says

Both firms have enough cash to continue to burn money for years, but public investors expect a rapid path to profitability. Making it into the black will require either raising prices or reducing the cut of bookings passed on to drivers. The former will be hard; in many markets ride-hailing competes with other cheap modes of transport, such as buses, bicycles and riders’ own cars.

Think Grab and Go-Jek, and Temasek that has invested in them. Grab and Go-Jek are also losing money.

Btw, in 2018 according to an article in the Tiền Phong newspaper, GIC realised a 60% loss over 4 years after it sold 5.4 million shares in Vietnamese taxi operator Vinasun.

 

Jialat for M’sia and Indonesia/ Even a Chinese M’sian minister is stupid

In Indonesia, Malaysia on 05/05/2019 at 5:12 am

A pair of Scottish entrepreneurs are aiming to go global with their hope to replace palm oil using coffee waste.

Scott Kennedy and Fergus Moore said they came up with a unique way to extract oil from used coffee grounds which had a wide range of uses.

Palm oil is found in many household products, but environmentalists say demand for it is devastating rainforests in Asia.

Manufacturers are now under pressure to find an alternative.

“About 60% of a cafe’s waste is about coffee grounds.

“The most exciting part for us is that they have all the same components as palm.

“Palm oil’s in the news for all the wrong reasons. It’s really exciting for us that we could potentially provide a local and more sustainable alternative to all the industries that are currently using palm oil.”

https://www.bbc.com/news/uk-scotland-scotland-business-48023412

In a sign of how nervous the M’sian govt is of criticism of palm oil, a M’sian minister criticises ‘sensationalised’ signs on palm oil at Singapore Zoo.

https://www.todayonline.com/world/malaysian-minister-criticises-sensationalised-signs-palm-oil-singapore-zoo

And she’s Chinese and from DAP. I tot only stupid, balls-carrying Malay ministers from Bersatu criticise S’pore. Didn’t realise got such people from DAP.

 

 

Will TOC ever report this about ringgit?

In Currencies, Malaysia on 19/04/2019 at 5:56 am

But to be fair, neither will any of the usual suspects in the anti-PAP alt media universe. Why? Because Tun is the Greatest and Regime change is always good?

Malaysian ringgit into Asia’s worst performer this month.

FTSE Russell said Monday it may drop Malaysian debt from the FTSE World Government Bond Index because of concern about market liquidity, roiling the nation’s currency and bonds. And less than two weeks ago, Norway said its sovereign wealth fund will cut emerging-market debt including Malaysian securities from its index.

https://www.bloomberg.com/news/articles/2019-04-16/malaysian-ringgit-staggers-after-blows-from-ftse-russell-norway

Neither will they report

The Singapore dollar rose to a 17-month high against the Malaysian ringgit on Wednesday (Apr 17), as demand for the Malaysia currency weakened amid concerns the country’s debt may be removed from a key global bond index.

The Singapore dollar rose to an intraday high of RM3.0632 on Wednesday, the highest since the Singdollar touched RM3.0724 on Nov 20, 2017, according to global financial portal investing.com.

Year-to-date, the Singdollar has risen 0.74 per cent against the ringgit, according to Bloomberg.

Read more at https://www.channelnewsasia.com/news/business/singapore-dollar-rises-17-month-high-against-malaysian-ringgit-11456122

 

Will TOC dare report this about M’sia?

In Malaysia on 09/04/2019 at 10:46 am

Voters, especially the young, are not happy with the new govt. They also think that economic prospects are as bad as when S’pore’s friend was in power.

Kajidata Research tracked the political leanings of 9,071 Malaysians aged 21 years old and above from before the 14th general election, and found that overall satisfaction for PH had slipped by 16.4 points in December, with the biggest fall seen in the 20-29 age bracket at 20.6 points.

It found that economic confidence had dropped of 6.5 points since GE14, and as of December 2018, the score was almost back to the level of when Barisan Nasional was in power.

“Though the decline in economic confidence was true for all age groups, the large drop within the youth bracket suggests that they may have become disillusioned with Pakatan Harapan’s management of the national economy,” Kajidata said in a report accompanying the study results.

https://www.todayonline.com/world/youth-support-pakatan-harapan-dips-economic-dissatisfaction-rises

Somehow, I doubt TOC and other anti-PAP alt media publications will dare report this because this report is evidence against their narrative “M’sia Yesterday, S’pore Tomorrow. Change is coming. and for the good.”

Vote wisely, vote tactically.

Want to die? Fly FlyFirefly?

In Airlines, Malaysia on 07/04/2019 at 10:14 am

Singapore has withdrawn the Instrument Landing System (ILS) procedures for Seletar Airport while Malaysia has indefinitely suspended its permanent restricted area over Pasir Gudang, both countries said on Saturday (Apr 6).

Singapore’s Transport Minister Khaw Boon Wan and his Malaysian counterpart Anthony Loke said in a joint statement that the agreement was made “in the spirit of bilateral cooperation”.

“With this agreement, the Transport Ministers look forward to FlyFirefly Sdn Bhd’s commencement of flights to Seletar Airport effective April 2019,” they added.

Read more at https://www.channelnewsasia.com/news/singapore/singapore-seletar-airport-ils-malaysia-suspends-pasir-gudang-11418642

Wasn’t ILS introduced because FlyFirefly was going to use the airport? Will Tun or the M’sian transport minister say sorry when a FlyFirefly aircraft crashes, killing passengers and crew? M’sia objected to ILS after Tun and friends came into power.

Downside of China-US trade deal for Asia and Europe

In China, Economy on 06/04/2019 at 1:40 pm

Citi says that should Chinese import capacity not increase and China imports up to an additional US$200bn worth of US goods — “the economies more exposed to China would be the most vulnerable to any adjustment in trade flows”.

Asian economies would be the most exposed if trade flows are adjusted from a proportional market share perspective, while European economies face similar losses across all scenarios.

Indonesia: Temasek, Google & McKinsey singing from the same page

In Indonesia, Internet, Temasek on 05/04/2019 at 1:18 pm

Only Indonesia is outpacing India digitally, according to McKinsey.

No wonder Temasek sees a bright future for e-commerce in the region.

In a report in November [2018], Google and … Temasek calculated the value of south-east Asia’s internet economy at $72bn in 2018.

Previous reports by the pair have predicted a regional internet economy worth $200bn by 2025, but last year they raised that projection to closer to $240bn.

“… south-east Asia’s internet economy hit an inflection point in 2018. Powered by the most engaged mobile internet users in the world, industries like ecommerce, online media, online travel and ride-hailing grew at an unprecedented rate,” they wrote.

“Investors have taken notice, pouring record amounts of funds into the region — now it’s time for everyone else to pay attention.”

FT

Temask has stakes in Indonesian start-ups Go-Jek and Warung Pintat (retail tech start-up). Grab where Temasek has an investment is a rival to Go-Jek in Indonesia.

M’sia getting “peanuts”; S’pore getting billions

In Casinos, Economy, Malaysia, Tourism on 05/04/2019 at 4:25 am

In M’sian casino operator kanna do NS by Tun?, I speculated that Genting M’sia was forced to buy a yacht by the M’sian govt for US$126m when others were bidding much lower prices.

Here’s the real reason why: Genting will spend S$4.5bn to improve the facilities on Sentosa and pay more tax here, all this when Tun is trying to bully and intimidate us. So maybe Genting was paying US$126m to keep him from getting upset that a M’sian company was going to spend billions here and not in M’sia?

How theS$4.5bn will be spent:

The new attractions of Super Nintendo World and Minion Park, spanning over 164,000 sqm, will be gradually rolled out at the Universal Studios Singapore every year from 2020 and completed around 2025.

Minion Park, inspired by the Despicable Me movie franchise, will take over the Madagascar zone, now designated for rides and shows tied to the animated movie of the same name. Both Minion Park and Super Nintendo World, based on Nintendo’s popular games and characters, will feature new rides and attractions.

The SEA Aquarium will also be expanded to take over the Maritime Experiential Museum, to create a new Singapore Oceanarium.

Apart from these, RWS’ waterfront promenade will be redeveloped to include a free public attraction featuring a nightly show and multi-purpose event zone that can be adapted for different festivals and events, as well as new dining options.

RWS will also introduce a driverless transport system across the Sentosa Boardwalk, which links to VivoCity mall in Harbourfront.

As for the increased taxes

a tiered structure for casino taxes will be introduced after the current moratorium ends in February 2022. Currently, there is a flat tax rate of 5 per cent for Gross Gaming Revenue (GGR) made through premium gaming and 15 per cent for GGR made through mass gaming.

Premium gaming refers to the GGR made through players who open a deposit account with a credit balance of no less than S$100,000. Mass gaming covers players who fall outside of this category.

With the change, the first S$2.4 billion of GGR from premium gaming will be taxed at 8 per cent, while GGR which exceeds S$2.4 billion will be taxed at 12 per cent.

For mass gaming, the first $3.1 billion of GGR will be taxed at 18 per cent while GGR which exceeds $3.1 billion will be taxed at 22 per cent.

https://www.todayonline.com/singapore/irs-allowed-expand-casinos-exclusivity-rights-extended-end-2030

In the context of all these goodies for S’pore, paying US$126 to M’sia is “peanuts”.

Btw the price of Genting S’pore (owned by controlling shareholder of Genting M’sia) fell: investors and analysts are not happy about the taxes, and capital expenditure that have spent.

M’sian casino operator kanna do NS by Tun?

In Malaysia on 04/04/2019 at 5:35 am

M’sia’s government has sold a seized superyacht allegedly bought with money stolen from the 1MDB state fund for US$126m (£95.9m) the BBC reports. The buyer was Genting M’sia, the owner of the only legal casino M’sia.

Equanimity has been moored off the coast for the past five months, on show for potential buyers. The government said the pool of buyers was small, and while many offers were received, only a few topped US$100m. The price was short of the US$250m reportedly paid by Mr Low.

Wonder if Tun and his cabinet users will be regular users of the yacht as guests of Genting? Of course, all the rules will be followed. They don’t want to end up like Najib.

 

M’sians working here so poor meh?

In Malaysia on 31/03/2019 at 10:59 am

Or juz cheapskate, law-breaking, entitled, lunch-stealing, freeloading criminals who think we scared of Tun?

Pasir Gudang MP Hassan Abdul Karim Hassan was quoted by The Star as telling reporters that S’pore should  to discuss with M’sia,  S’pore’s move to deny entry to those with outstanding fines for vehicle-related offences from April 1

He said this would cause “a lot of inconvenience” to the thousands of Malaysians travelling daily to Singapore for work.

He said the action reflects poor bilateral relations between the two govts. So why not tell Tun to stop trying to bully and intimidate S’pore on water supply and territorial waters?

Amount involved is S$32m according to the S’pore govt.

Related posts:

M’sian minister thinks M’sian drivers tua kee

M’sia, S’pore are like …

M’sian minister talking thru his ass

When M’sia threatened war/ Gd day to sink a RMN vessel

Why Kee Chiu not PM material

In Economy on 28/03/2019 at 10:16 am

Because when paper generals run a country, the economy underperforms the economies of neighbouring countries (Remember that Thai generals have no experience of combat operations, only coups, making money and politics. They can’t even “fix” elections.).

So S’poreans are really smart in not wanting Kee Chiu as PM? Already got experience of one paper general? After all PM was once known as BG Lee and was head of SAF.

And there’s the examples of paper generals at SMRT, NOL and SPH.

Heng will make S’pore great again.

Related posts:

generals, not private sector CEOs make it to PAP cabinet

“Freak election” training manual for SAF’s paper generals? And us 40% S’poreans too?

Paper generals: Don’t forget social media

 

Tun not happy with MayBank

In Banks, Malaysia on 20/03/2019 at 4:37 am

No not because it financed Tuaspring helping S’pore give him the finger over water.

But because Maybank (“May” is short form of “Malayan”) is saying that M’sians are buying our banks because they are of better quality, and pay higher dividends, thanks to the M$ being up s**t creek.

Maybank Kim Eng is keeping “positive” on Singapore’s banking sector while noting significant interest among Malaysian investors in Singapore banks from a flight-to-quality angle, and for their high dividend yields as the SGD appreciates.

This comes post a meeting with 15 Malaysian investors from a mix of long-only, hedge and private-banking funds to discuss Singapore banks and Maybank’s stock calls on them – for which the research house says was very little pushback on its top picks DBS and UOB, both rated “buy” with the respective target prices of $29.56 and $29.71.

OCBC, on the other hand, has a “hold” rating and price target of $10.73.

https://www.theedgesingapore.com/singapore-banks-shine-despite-regional-macros-competition-fintechs-maybank

Note of all three banks, OCBC has the most exposure to M’sia because of its extensive branch network in Malaya and its life insurance biz via Great Eastern M’sia, 100% owned by Great Eastern.

Tun chickened out/ Two cheers for cowardly PAP govt

In Malaysia, Uncategorized on 15/03/2019 at 4:19 am

M’sia and S’pore are to return to their respective port limits before M’sia’s initial extension on Oct. 25, 2018 of its port limits off Johor. In response, S’pore extended its port limits off Tuas on Dec. 6.

Seems M’sia has backed down as S’pore had proposed a return to the status quo before 25 Oct earlier this yr, but got the finger.

Whatever, two cheers* for the PAP govt. We got what we wanted without sinking a M’sian vessel as I and others suggested: Why sink a M’sian vessel.

Morocco Mole (Secret Squirrel’s trusted sidekick) tells me that his second cousin removed in the M’sian coast guard tells him that the “accidental” ramming of an intruding M’sian vessel by a Maersk vessel, has the M’sian govt really worried. What would they do if another such accident sank a M’sian ship? For starters, they don’t have the resources to do a search-and-rescue operation, and would have to beg S’pore for help. And they couldn’t recover their sunken vessel without our help.

Related posts

What Meng Seng and TOC don’t tell us about dispute with Tun

How to squeeze Tun’s balls real hard


*Note to cybernuts (in the event TRE uses this piece) who don’t know meaning of “two cheers” like “bapak” because they never went to an elite school or even lesser schools like Hwa Chong, only neighbourhood schools or vocational institutes: read https://www.macmillandictionary.com/dictionary/british/two-cheers-for

Why ang moh, Asean telcos love Huawei

In China, Telecoms on 13/02/2019 at 5:31 am

Cheap, good, great tech service. Also bespoke.

[European telcos] want to keep using the Chinese firm’s equipment because they like what it offers, not only in price but quality.

“They’ve two unique advantages,” says one technology chief. “They have significantly more engineers working on R&D than other suppliers and they are prepared to innovate for a specific customer. ”

Huawei’s main competitors are Nokia and Ericsson, but another telecoms operator says “they are seen universally as being well ahead of European vendors”.

The operators also believe that the Chinese competition is forcing the European rivals to up their game …

https://www.bbc.com/news/technology-47160725

Huawei is so good for them that they don’t really care about security?

They say they are fully aware of the security issues around Huawei. They have consulted the experts at the government’s National Cyber Security Centre (NCSC) during the procurement process.

Not only ang mohs prepared to sell out their countries to the Chinese:

Huawei is among the main providers of telecoms equipment for operators conducting 5G trials in the Philippines, Singapore, Malaysia and Thailand.

Industry sources say competitors can’t match Huawei on cost and technological capability.

[…]

One of Singapore’s major telcos M1 has partnered with Huawei to trial 5G services in the country.

Singapore’s telecoms regulator says operators should “ensure vendor diversity to mitigate risks from dependency on any one vendor”, again not banning Huawei outright.

https://www.bbc.com/news/business-47166921

Given the recent cybersecurity problems that we have been having, why are we doing biz with Huawei? So cheap and so gd that the PAP govt can ignore the links between Huawei and China? Is that the reason why the PAP govt refuses to name the country it thinks is behind the SingHealth hack?

Wonder if SingHealth used any Huawei eqpt?

 

Jialat for economy, PAP/ Voters will get back more of their money

In China, Economy on 12/02/2019 at 11:16 am

China’s lunar new year spending growth slowest since 2005
Consumption ebbs as weakening economy hits sentiment and fuels worries over retail sales

Headline of FT article today

China’s economic growth could slow to the weakest level on record (since records began in the early1990s)in the first quarter, reported the Economic Information Daily, a newspaper run by China’s official Xinhua news agency (China’s ST):

It is not difficult to determine that this year our country’s economy will continue to bear pressure, with a conservative estimate for full-year cumulative growth of about 6.3 per cent and the possibility that growth for the present quarter could reach 6 per cent.

Not gd for S’pore and region: “Asean’s potential”: What a load of BS

More goodies using our own money on the way because 4G leaders need big mandate: Why PAP aiming for 65% of the popular vote.

If economy cannot generate higher wages, and property prices (Double confirm, ground not sweet for PAP), only way is Budget bribes goodies using our own money.

Remember you read this first here: “No GST rise until 2015”. Related post: How PAP can win 65% plus of the vote

Why cybernuts are very happy this CNY

In Currencies, Malaysia on 10/02/2019 at 7:52 am

Singapore dollar falls below RM3-mark for first time in 4 months
Read more at https://www.channelnewsasia.com/news/business/singapore-dollar-falls-malaysia-ringgit-currency-rm3-11222916

They are saying that S’pore is doomed under the PAP. They have been saying that since circa 1998 (the dawn of the internet age). Their predecessors have been saying that since 1959.

PAP forgot S’pore’s history, missing economic opportunities

In Economy, S'pore Inc, Vietnam on 06/02/2019 at 11:02 am

Germany is the world’s second-biggest coffee exporter, even though it doesn’t grow coffee commercially. Huh? Fake news?

Vietnam grows more robusta than any other country, but exports most of this as raw, unbranded coffee beans to markets such as Germany for processing, branding and marking up for sale to end users.

FT

This set me thinking.

A hundred years ago, S’pore was a major exporter of processed rubber despite not having that many rubber trees. The rubber came from Malaya, the world’s largest producer. Of course, the Malayans (M’sians today) after independence in 1957, decided to process more of the raw rubber there, so we lost an industry. The same was also true of tin (Pulau Brani, now part of Sentosa, processed imported tin ore).

Where was the PAP govt and its vaunted EDB when Vietnam started exporting coffee beans in industrial quantities circa the 80s? They should have been encouraging global coffee brands to set up here to process, brand and mark up for sale to end users. I mean it must be cheaper to ship the beans to S’pore, than to Hamburg or Rotterdam? And German labour is a lot more expensive. Here got FTs meh.

Instead raw Viet Kong beans end up Germany.

For the record, the Viet Kong are trying to capture more of coffee’s value in Vietnam. Power to them. But until then, the German coffee manufacturers are laughing all the way to their banks.

Someone here blundered

All this PAP talk about our history, is juz talk: BS.

M’sian minister thinks M’sian drivers tua kee

In Malaysia on 05/02/2019 at 11:01 am

They have extraterritorial rights here isit? Like the ang mohs and Japanese in China at the turn of the 20th century? They could break Chinese laws and not face Chinese justice.

Taz what I tot When I read

Vehicles with unpaid fines banned from Singapore: Malaysia seeks further discussion, says minister*

Wah think can bully S’pore isit? Like trespassing our waters? Nk kum guan that cannot cancel HSR without compensation? And kanna pay us $15m in exchange for delaying HSR?

——————————————–

*More on M’sian arrogance:

Malaysia will hold further discussions with Singapore after the latter country announced a future ban on foreign vehicles with outstanding fines, said Malaysia’s Deputy Foreign Minister Marzuki Yahya on Sunday (Feb 3).

  1. “We understand the ban has been issued effective April 1, 2019. We are in the process of discussion with Singapore and we need to discuss further on the matter,” he told reporters after an event in the Penang town of Batu Kawan.

“We have our own method to discuss this matter with Singapore. The discussion will be conducted simultaneously with the bilateral meeting with the republic later,” he added.

Marzuki was speaking in response to Johor International Trade, Investment and Utility Committee chairman Jimmy Puah, who said on Saturday that Malaysia had the right to make the same rule.

Earlier on Saturday, Singapore authorities had announced that foreign vehicles with outstanding fines for traffic, parking or vehicular emissions offences may be denied entry from Apr 1.

They said that motorists of foreign vehicles have so far accumulated about 400,000 outstanding fines amounting to S$32 million.
Advertisement

“About 60,000 foreign vehicles enter Singapore daily. The majority of foreign motorists are law abiding,” said the agencies that included the Singapore Police Force and Land Transport Authority.

Read more at https://www.channelnewsasia.com/news/asia/malaysia-further-discussion-singapore-foreign-vehicle-ban-fines-11199814

M’sian voters repenting?

In Malaysia on 30/01/2019 at 5:18 am

But first: M’sians become so poor meh?

Two elderly women in Malaysia have died in a crush caused by a crowd jostling to get free food coupons.

Only 200 coupons were available but more than 1,000 people showed up at an indoor market in the Pudu district in the capital, Kuala Lumpur, on Monday.

https://www.bbc.com/news/world-asia-47037657

Btw, they both Chinese.

FT reports voters are repenting (OK, OK, sort of)

Malaysia: Our Malaysian political sentiment index plummeted almost nine points, bringing the cumulative drop since Mahathir Mohamad’s surprise election victory last year to more than 27 points. Mr Mahathir’s government has struggled to deliver on the sweeping reforms promised, while consumers are becoming increasingly aware of infighting within the cabinet. That said, our index remains above the 50-point mark separating improvement from deterioration, in contrast to the deteriorating sentiment recorded throughout the previous government under Najib Razak.

Vote wisely.

M’sian minister talking thru his ass

In Malaysia on 17/01/2019 at 11:39 am
Momentum of Malaysia’s relationship with Singapore ‘very positive’: Economic Minister Azmin Ali
Relations are going downhill and fast.
Update at 11.40:
Btw this is the guy Tun is using to try to ensure Anwar doesn’t succeed him as PM.But Anwar knows this, and has warned him: “A return of the Mahathir-Anwar leadership?” Really?.
More soon on how S’pore can make Tun cry “Tolong uncle”.

How PAP can make S’poreans happier

In Political economy, Political governance, Public Administration on 11/01/2019 at 10:48 am

But won’t.

Because it’ll go against one of LKY’s Hardest Truths: S’pore should not have supportive social systems and institutions thereby making it easier for people who don’t or won’t work hard (But do you want cybernuts living off yr money and dissing you and the govt for not giving them more money?) to fall through the cracks.

But seriously Hard Truths seem to have forgotten about those who can’t work hard because they are too sick, too old or have to care for others.

So we only 34th globally. But PAP govt will point out we are top dog in the neighbourhood. Bit like having a bungalow house surrounded by slums.

 

The UN’s Sustainable Development Solutions Network ranking of the happiest countries in the world

suggest that happy societies are those with supportive social systems and institutions that make it harder for people to fall through the cracks.

Why is Finland so happy? | March 2018

In March 2018 Finland was named the happiest country in the world by the UN’s Sustainable Development Solutions Network. Three Nordic cousins—Norway, Denmark and Iceland—took the next places. The UN report uses global polling data from Gallup to measure how pleased people feel with their lives, and tries to explain the differences in results using variables such as GDP per person, social support, healthy-life expectancy, freedom to make life choices, generosity, and freedom from corruption. Its results suggest that happy societies are those with supportive social systems and institutions that make it harder for people to fall through the cracks.

(Emphasis mine)

 

Asian co earnings come from exports

In China on 09/01/2019 at 8:25 am

Needless to say exports to China and US of A.

(Related post: “Asean’s potential”: What a load of BS)

“Asean’s potential”: What a load of BS

In China, Economy on 08/01/2019 at 4:26 am

Our constructive, nation-building media says we got Asean to cushion us from China’s slow down.

Excuse me, China is Asean’s biggest export market. If China coughs, Asean gets a cold. If China slows down, Asean is down with the flu. If China really, really slows down to say 5%, Asean catches pneumonia.

Asean’s potential

Economists say Singapore needs to pivot more to Asean.

As a regional hub, the city-state can benefit from investors diversifying into Asean, but these gains will not manifest so soon.

CPTPP will come into effect on Dec 30 this year.

Mr Seah said there is too much focus on China in previous years.

Data from the Department of Statistics showed that the share of Singapore’s Nodx to China has increased from 1.1 per cent in 1990 to 18.2 per cent in 2017.

The share of Nodx to Singapore’s top three Asean trading partners — Malaysia, Indonesia and Thailand — is comparable to China, but has shrunk from 20.3 per cent in 2003 to 17.5 per cent in 2017.

https://www.todayonline.com/singapore/look-ahead-2019-economy-headwinds-abound-economists-say-silver-lining-lies-asean

For the record: S’pore’s trade-reliant economy will see a slowdown in the next 12 months, according to a survey of economists by the Monetary Authority of Singapore. All 23 respondents cited intensifying trade friction as a risk to growth.

Economists … project that gross domestic product (GDP) growth could ease to 2.6% from an estimated 3.3% for 2018.

https://sg.finance.yahoo.com/news/singapore-economy-five-things-watch-2019-014107270.html

 

“A return of the Mahathir-Anwar leadership?” Really?

In Malaysia on 05/01/2019 at 1:23 pm

Not if Anwar has learnt his lesson. The background

A return of the Mahathir-Anwar leadership?

Anwar Ibrahim enters 2019 in much the same position he was in some 20 years ago: in line to replace Mahathir Mohamad as prime minister of Malaysia.

The once close relationship between the two men turned sour in the late 1990s, during Mr Mahathir’s first stint as leader. The two clashed over the Asian financial crisis, and Mr Anwar was eventually jailed on sodomy charges that he says were fabricated for political reasons.

As part of an election-winning deal in 2018, however, Mr Mahathir has promised to hand over power to his one-time protégé “in a year or two.”

The focus now is on the two men’s relationship. One former minister recently proposed that they give the “1997 recipe” another try, with Mr Anwar becoming Mr Mahathir’s deputy ahead of the leadership handover.

Mr Anwar, however, seems to be playing his cards more carefully this time.

“I never push for [a succession deadline],” Mr Anwar told the Nikkei Asian Review in an interview in October.

But he also issued a warning to any would-be challengers.

“I have forgiven those who jailed, insulted and accused me,” Mr Anwar told party members in November. “I am nice and friendly with everyone, but don’t try to walk over me or I will take you on.”

CK Tan, Nikkei staff writer

His warning

“I am nice and friendly with everyone, but don’t try to walk over me or I will take you on.”

is directed at Azmin Ali, Malaysia’s economic affairs minister. Amin, his deputy in PKR also leads the anti-Anwar faction within the PKR.

It’s widely believed among people in the know in KL, that Tun is trying to get Azmin to depose Anwar so that Tun can say, “How to hand over power to Anwar, when his own party doesn’t want him?”. This is risky because if civil war breaks out in PKR, the coalition is at risk.

Whatever, Azmin and his gang

may slow, or add uncertainty to, Anwar’s accession to the premiership in the hope this buys Azmin time to position himself as Mahathir’s successor instead,” wrote Peter Mumford, Asia director at Eurasia Group, in a recent note. The rivalry could escalate if Mr Mahathir reshuffles Malaysia’s cabinet early this year and appoints Mr Azmin to a more powerful ministerial position. Wong Chen, a politician in Mr Anwar’s party, said many members of parliament were anxious about the political manoeuvring, but added: “The majority of us still believes the transition will happen where Anwar will assume the premiership at the end of 2019 or early 2020.”

FT

Tun’s greatest achievement and real Kiling unhappy

In Malaysia on 03/01/2019 at 10:01 am

In 2018, M’sia became the biggest importer of UK rubbish after China banned most rubbish imports from the rest of the world. M’sia boleh.

So will Kirsten Han and PJ Thum want other SE Asians countries to follow and be the dumping ground of the world’s rubbish? Still urging Tun to take leadership in SE Asia; PJ, Kirsten?

Bar chart showing Malaysia , Turkey and Poland as receiving the most UK plastic

Bar chart showing Malaysia , Turkey and Poland as receiving the biggest net increase in UK plastic

PJ and Ms Han should note that Kiling kay poh (another ang moh tua kee) not happy

Since China’s ban, Malaysia has seen a big surge in the amount of plastic it has received from abroad, including from the UK.

“Malaysia is not able to process all of the imported waste, there are limited plastic waste factories”, says Mageswari Sangaralingam who works for the Consumers’ Association of Penang and for Friends of the Earth, Malaysia.

According to Ms Sangaralingam, not only is Malaysia receiving more plastic than it can properly dispose of, some of it is low-grade which ends up as landfill. There are also some rogue recyclers who, she says, burn plastic in the open – leading to environmental harm.

The Malaysian government has announced stricter conditions on the import of plastic and says it wants to phase it out over the next three years – but Ms Sangaralingam wants an immediate outright ban.

“Malaysia is not a dumping ground and hence should stop importing plastic waste,” she says.

https://www.bbc.com/news/science-environment-46566795

With enemy like Tun

In Malaysia on 29/12/2018 at 11:00 am

PAP doesn’t need give away too many bribes goodies before next GE.

It can raise GST by 2% 2 points before GE and still win 70%. All it needs is Tun continuing to threaten S’pore. As I told one of Anwar’s pals and a former adviser of Tun, last week, with an enemy like Tun, the PAP doesn’t need to worry about winning 70% of the votes.

But then maybe, Tun has a secret Swiss bank account …

M’sia, S’pore are like …

In Malaysia on 22/12/2018 at 5:13 am

Singapore and Malaysia are like two siblings, younger one graduated from university with a MBA and the older one from a special school and suffering from perpetual inferiority complex…but pretending that he is truly special….

FB post

So juz ram (and sink) that trespassing ship to show who is tua kee.

Still urging Tun to take leadership in SE Asia; PJ, Kirsten?

In Malaysia on 20/12/2018 at 10:31 am

According to Kirsten Han, PJ Thum “urged (Mahathir) to take leadership in Southeast Asia for the promotion of democracy, human rights, freedom of expression and freedom of information”.

Kirsten Han trying to defecate herself and PJ out of self-made crater

Do they still believe that he’s the messiah SE Asia needs?

NHS rubber gloves made in Malaysian factories accused of forced labour

Exclusive: firms supplying health service allegedly exploit thousands of migrants

https://www.theguardian.com/uk/business

(Their favourite ang moh newspaper)

Champion for human rights ? What champion  for human rights?

And does a champion for human rights do this?

in September, Dr Mahathir told the United Nations General Assembly that Malaysia would ratify all the human rights conventions it had yet to adopt, a total of six, including the measure against racial discrimination.

Then, Dr Mahathir had promised that Malaysia will espouse the principles promoted by the UN in its international engagements, saying: “It is within this context that the new government of Malaysia has pledged to ratify all remaining core UN instruments related to the protection of human rights.”

But he had added: “It will not be easy for us because Malaysia is multi-ethnic, multi-religious, multicultural and multilingual.”

Later in November, the Malaysian government backpedaled on its decision and chose not to ratify ICERD because it would require a two-thirds majority in parliament to amend the Federal Constitution.

“ICERD promotes freedom and less discrimination. Article 153 (of the Constitution) gives some privileges to the indigenous people, which means some may interpret it as being discriminatory,” Dr Mahathir had told the media. “If we tried to abolish these privileges, it will go against Article 153.”

The Pakatan Harapan government does not have a two-thirds majority in Parliament. Furthermore, several Pakatan Harapan MPs stated that they were not in favour of the ratification.

The proposed ratification of ICERD had also drawn criticism and protests from government and opposition representatives as well as NGOs.

Many feared that its implementation may undermine some of the privileges enshrined in the Federal Constitution and dilute privileges for ethnic Malays, who form the majority in the country.

Read more at https://www.channelnewsasia.com/news/asia/anti-icerd-rally-umno-pas-kl-white-shirts-11013422

Are these the reasons why the diabolical duo are so quiet about Tun’s behaviour towards S’pore recently? They don’t know where to hide their asses?

I doubt they are ashamed of their actions because they are the kind of people who believe in “Licking the ass of the enemy of my enemy”.

Whatever two cheers for Tan Kin Lian: he has

the balls to speak out in support of Tun unlike Tun brown nosers Tan Wah Piow, PJ Thum and Kirsten Han* ( “Antics Of Civil Society Activists Endanger Opposition Cause”); and Jolovan Wham: Nothing wrong in asking Tun M to intervene in S’porean affairs. Their silence is deafening shameful and in character. Sad.

Tan Kin Lian thinks Tun is more sinned against than sinning

What Meng Seng and TOC don’t tell us about dispute with Tun

In Malaysia on 18/12/2018 at 10:31 am

Further to his rant that I covered in “Licking the ass of the enemy of my enemy” Meng Seng came up with another piece along the same lines: sceptical about what the PAP govt says about the dispute

Meanwhile Terry’s Online Channel continues propagating its scepticism about what the PAP govt says on the dispute: (Fact: Terry said on FB that the dispute was over port limits, not territorial waters. Even M’sia says it’s about territorial waters. Whatever, at least Terry is not as mealy-mouthy as Meng Seng when it comes to agreeing with M’sia. Meng Seng while dissing the govt’s claims throws plenty of smoke so that he cannot be accused of being unpatriotic. Btw, I don’t doubt Terry’s patriotism, but have serious doubt that Meng Seng has the best interests of S’pore in his heart. )

Here are two facts that TOC AND Seng Meng are silent on.

JB port is only accessible via the eastern side of the Johor Straits, not via the western side of the Johor Straits where the Tuas dispute is happening. Of course when Tun’s crooked bridge is ever built, the situation may change. Until then, because the JB port is not accessible via Tuas area because of the causeway, the only reason M’sia is extending JB port’s waters in the Tuas area (West of JB port) is because Tun wants to annoy and  hopefully bully S’pore.

Their silence is also deafening on the fact that the other M’sian unhappiness dating from their 1979 assertions has been proven to be a lot of rubbish by an int’l court: the Pedra Blanca dispute where S’pore won fair and square.

With S’poreans like Goh Meng Seng and those writing articles on the Tuas dispute in TOC, no wonder Tun thinks he can bully S’pore. A very early GE will prove him wrong.

“Licking the ass of the enemy of my enemy”

In Malaysia on 16/12/2018 at 7:00 am

“Licking the ass of the enemy of my enemy” seems to be a favourite pastime of the most nutty cybernuts such as Goh Meng Seng.

When Penang-born Transport Minister Khaw Boon Wan on Thursday (Dec 6)
opened his mouth saying

Malaysia should “back off” and leave Singapore’s waters.

and urging

All the jingoism coming only from the PAP government. Can you urge everyone in your group to tell the PAP government to stop their shrill jingoism? We just have to be adults around here.

He’s talking cock because it’s not “shrill jingoism” for the PAP govt to point out that there is an infringement of our sovereignty (all those M’sian vessels intruding intruding and remaining into our territorial waters) and “quietly but firmly stand our ground and stay united as one people” Unless pointing these infringements and “quietly but firmly stand our ground and stay united as one people,” is shrill jingoism”: only an extremely nutty cynernut will beliive this. Btw, this cybernut likes to suggest to people to join oppo parties even though he isn’t a member of any.

Another example of “Licking the ass of the enemy of my enemy”:
Mr Khaw Boon Wan is stoking up nationalistic sentiments when it calls for Singaporeans to stay united and stand our ground.

The danger of flaming nationalist emotions is that we can now see that war is being mentioned loosely.

It is totally unnecessary of Mr Khaw to do so. It is a given that Singaporeans would stand behind the country when the call arises but what Mr Khaw did is nothing more than pure rhetoric.

We are not talking about the Malaysian Naval warships intruding into our (disputed) territorial waters. It’s the Malaysian government vessels for goodness sake.

If the incursion of the vessels into our territorial waters really happened, then rightfully, these acts should be condemned but sort out the transgression by our neighbours amicably.

There is no need to stoke nationalistic sentiments to prove a point nor does it do any good for our bilateral ties.

So Mr Khaw, chill. We are not going to war.

Osman bin Sulaiman

And this is one from ass licker-in-chief Goh Meng Seng who to be far to him was an officer in our Navy when he was doing NS.

The Singapore – Malaysia Territorial Water Dispute

I have refrained from putting up formal position on the current spat and controversy of the territorial water dispute because I want to make I have enough information and research on the whole subject before I formulate my views.

I am First a Singaporean and my loyalty and allegiance will always pledged towards my country, Singapore. I would even lay down my life for my country in whatever ways.

But I am also an opposition politician whose job is to keep the ruling party PAP in checks and balance.

Trust is the enemy of checks. Thus I have little trust in PAP and won’t take every words they say as golden truth without verification or critically examined. That is my job and role as an Opposition politician.

When I read and watch how PAP Ministers put up rally calls of “unity” and such, I get extremely skeptical. As Singaporeans, we will definitely unite and defend our country when we have a JUST cause.

The Trust factor in me deteriorated extremely fast when I read what the Transport Minister put up in his press conference. His rhetorics are actually contradictory to the illustration map which he puts up.

First he claims that our land reclamation did not intrude into Malaysian Territory. But the map he presented demonstrated otherwise. One small part of the Malaysian 1979 territorial claim has been infringed by the reclaimed land at Tuas.

Of course, PAP government’s position is that Singapore does not recognize nor agree to this 1979 unilateral boundary claim made by Malaysia. Thus, to PAP Government, we will disregard the so call infringement of Malaysian Territorial Water.

The map shown by Khaw shows a few important lines. One, is the 1995 boundary border agreed by both Singapore and Malaysia. Beyond that last point of 1995 boundary, the map didn’t show any OFFICIAL boundary but only the 1979 boundary which Singapore had refused to agree to.

The question running through my mind is, where is our Singapore border if there is no Officially agreed border between Singapore and Malaysia?

That set me to the little quest to seek the answer to this mystery.

It is an important question because it would mean totally different things. If Malaysian vessels have intruded into our Territorial Waters which has already been delimit or agreed upon between the countries in 1995, then it would be straight out blatant intrusion of our sovereignty and we Singaporeans have all rights to fight back with all means, without much question.

But if the intrusion of the Malaysian vessels into the water which has no clear boundary set out in any official agreement between the two countries, then the approach would be different.

If there is no officially agreed boundary in that part of water territory, it will bound to have all sorts of conflicting claims. The only way to settle it once and for all, is to take the opportunity to open up talks to formalize the Territorial borders.

It is in our interests to do so, especially when our mega port at Tuas is going to be built and operational in the years to come.

The mega port will need a safe port limit which doesn’t lie in controversial conflicting claims.

If there is a need for talk to finalize the Territorial border in this part of the region, then we must careful not to let irrational nationalistic sentiments to be incited.

No fruitful negotiations can be done or achieved through media or media war of words of rhetoric. Worse still, stoking fervent nationalistic sentiments by making war cries or provocative military moves.

Unless we are bloody sure that we will definitely go to war for reasons of blatant violation of agreed borders, then it would be a good tactic to make such war rally cry.

War should always be the last resort. Singapore can not afford to go to war with anyone too lightly, for issues which doesn’t critically affect our survival. Example, cutting off our water supply or setting up sea and air routes blockade etc. For these issues, we will definitely initiate War.

But if we are not really ready for war, responsible citizens and politicians should not incite unnecessary fervent nationalistic emotions which could hurt our long term relationship with our neighbors.

Malaysia should stop the provocative acts in this disputed water territory by pulling out its vessels and assets while Singapore PAP government should stop the provocative military mobilization and propaganda during this sensitive time. Both government should then start a new fresh round of negotiations and talk to finalize the border along this water territory.

Goh Meng Seng

All I can suggest is that he goes read what the minister said and not he thinks he said.

With enemies like him and the other two, the PAP govt can really afford not to have any friends.

 

 

 

How to squeeze Tun’s balls real hard

In Malaysia on 14/12/2018 at 11:12 am

And make him cry “Uncle” without sinking a M’sian ship is what I promised as an alternative plan in Why sink a M’sian vessel.

As a result of the railway land deal between the two govts when we had a friend in KL, two pieces of prime property were developed here for mutual benefit in exchange for the rail corridor etc.

The land is worth S$11bn or thereabouts. And M’sia’s share is 60% ie S$6.6bn. Seems M’sia wants to sell out.

Just tell M’sia that we won’t be interested in buying them out until Tun backs down on the territorial dispute (and revert to status quo without prejudice to the claims, as per our suggestion). S$6.6bn is a lot of money for a poor, indebted country whose military aircraft are not maintained because there’s no money. And where finance minister has to find the money to pay for election promises: promises made expecting not to win election.

I’ll let our best friend in KL (and Trump’s golf kaki) explain the details.

“As a result, the agreement and the KTM plots of land were left like that for 20 years without a single sen earned,” he said. [He was talking to Tun’s refusal to go ahead with what was agreed with S’pore over the railway: me]

The former Umno president said the land were initially given to KTM in 1918 under the Railway Act at the time.

The plots were on 999-year lease, and its use was only limited to railways. It could not be developed or used for other projects.

Najib pointed out that most of the plots were too narrow because the railway tracks were by nature not wide.

“If Singapore does not agree with us and does not convert the land use, those plots of KTM land will just be left to rot.

“You wait another 999 years, it will not bring a single sen to anyone. Moreover, we will need to pay land tax to Singapore,” he said.

Najib said in 2010, he then negotiated with the Singapore government and reached a new agreement where the city state would give four land packages at Marina Bay (nearby Marina Bay Sands) and two packages at Ophir-Rochor, as an exchange for one land package in Tanjung Pagar, one package in Kranji, one in Woodlands and three packages in Bukit Timah.

He said anyone who knew Singapore would know that the land in Marina Bay is the most valuable in the country, while Ophir-Rochor is Singapore’s new central business district.

“It is far more valuable than the land in Bukit Timah and Kranji,” he said.

The plots of land, Najib said, were jointly developed by Malaysia and Singapore, under M-S Pte Ltd, where 60% of the ownership is placed under Khazanah Nasional Berhad.

The project in Marina Bay, named Marina One, is valued at S$7 billion (RM21.3 billion), while the Ophir-Rochor project is valued at S$4 billion (RM12.2 billion).

He said both projects were successfully completed earlier this year, bringing handsome returns to the country.

“The Marina One project is 3.67 million square feet, covering two 34-storey luxury towers, two 30-storey grade A offices and a shopping mall known as ‘The Heart’.

“Many well known companies such as Facebook, PwC, Grab, commercial banks, among others, have moved to Marina One and they have begun paying rent to a company owned by Khazanah, which will guarantee continuous long-term returns for us,” he said.

Najib said several months ago, Singapore media had reported Khazanah, under the Pakatan Harapan government, was negotiating to let go of a 60% stake in M-S Pte Ltd to the Singapore government.

“Even though the government has denied this, I expect that not too long from now, they will eventually sell it, giving the reason that it is a non-strategic asset,” he added.

https://www.freemalaysiatoday.com/category/nation/2018/12/06/najib-it-wasnt-me-who-sold-tanjung-pagar-land/

Najib’s a decent man. Too bad about his wife. He’s juz another Macbeth: a good, decent man led astray by his wife.

And squeezing Tun’s balls the financial way has the merit of allowing competent ministers to run the show: PM (remember he was finance minister once), Tharman (the ang moh tua kees still think the sun shines from his ass) and Heng.

It’ll keep matters away from our paper generals: think Kee Chiu (Kidding me? Kee Chui potential PM? He from RI?), and Desmond Kwek (Why PAP govt don’t dare sink a M’sian ship.)

 

 

Why PAP govt don’t dare sink a M’sian ship

In Malaysia, S'pore Inc on 13/12/2018 at 11:06 am

PAP will lose power if naval comdr is like Desmond Kwek: sure to sink ownself instead of M’sian ship.

Seriously

Err what if Desmond Kuek in charge of ops to protect water supplies?Jialat. Ops sure fail like SMRT when he in charge lei and we will die of shame before we die of thirst. He could be in charge because he got no job and PAP govt always looks after scholars and generals.

I tot these tots when in response to Why sink a M’sian vessel, a well informed reader responded to Chris K’s point about Tun cutting off our water.

Cutting off water supply is as good as a preemptive military strike on S’pore i.e. S’pore will likely strike without much clarification with the M’sian side. Will likely see mass open mobilisation within 24 hrs. Those of us who did NS in the 80s & earlier will recall the many times exercises both in the field & table top where the scenario is “forward defense” or basically invasion & control of certain JB areas. There’s a good reason why we have so many LSTs & why we practice so much for beach invasions & seaborne attacks. 😉 With today’s hardware, S’pore will likely follow US style — predawn attacks by airforce & SF from 2-3am onwards to capitalise on SAF night vision superiority, intense electronic jamming & counter elec warfare, followed by saturation artillery & rocket bombardments and follow on by armor & mechanized troops by dawn and/or seaborne invasions on JB coastline. S’pore will count on having localised air superiority & airborne radar and drone recon. Plenty of deaths on both sides though.

Btw, I told Chris K that I doubted Tun could find the taps to cut the water flow.

Btw2, I partially disagree with “Plenty of deaths on both sides though.”. The whole aim of US-style “shock and awe” to to scare the hell out of the enemy’s ground troops. and mats are not exactly Roman legionaires, Spartans or Vikings or Japanese infantry. The heavy casualties will come later when S’pore has to defend the water infrastructure against Muslim jihadists drawn to the battle against enemies of  Islam: bit like the US occupation of Iraq and Afghanistan.

 

Why sink a M’sian vessel

In Malaysia on 12/12/2018 at 11:26 am

This blog advocates ramming and sinking a M’sian vessel that intrudes into our waters especially the one that is parked in our waters: Let’s gloat at Tun as he threatens us

It’s to show the Chief Mat that we will not tolerate anymore his provocations. Before LKY moved on, we were fair-minded and mature enough to accept that Tun had a point in his provocations. He and Harry were always playing mind games with one another, and we just had to bear and grin given Harry’s demigod status here. Or perhaps 9th immortal status (see below)?

But Harry’s gone. But Tun still continues behaving like a damaged DVD, playing the same tune and images, over and over again. It’s very irritating.

Now’s a great time to show  the Chief Mat who’s tua kee.

This chart from FT shows that ang mohs own a lot of M’sian M$ debt. They’ll run for the hills if we ram and sink a M’sian vessel, then run further when M’sia threatens war, and even further when it backs down because even the M’sian govt admits that its military is not fit for purpose. Here’s something that a M’ian says about the sorry state of it’s armed forces: https://cilisos.my/actually-how-prepared-is-malaysia-if-a-war-broke-out/?fbclid=IwAR3nuIgtcLwc5x6qvyCKydlTbdkx_BkOFcQnB7_OyZPjyGX-VoDWCv6v-E4

Remember he has problems largely of the financial kind and foreigners not buying M’sian debt is a very serious problem

Let’s gloat at Tun as he threatens us

Malay Malaysian academic says Tun trying to distract attention from govt failings

Btw, I hope soon to blog on a constructive, nation-building and less violent way of squeezing Tun’s balls, making Tun cry  “Uncle”, given that our PM and his cabinet (full of ex-generals) doesn’t do shock and awe, giving the lie to the comments by P(olitician) Ravi.

The trouble with having so many Generals in the Cabinet, is that it may choose a more aggressive approach in solving a crisis over choosing a more diplomatic solution.

Yes, time to stand united against threats to sovereignty, but cooler heads should prevail.

How we deal with Malaysia over the encroachment issue, should be no different from how we dealt with the Chinese when they seized our infantry fighting vehicles.

I hope Mr Chiam told off Ravi for this FB post. Ravi was playing politics with the above comments: he should not have done so. At the time, he made the above comments, nothing any cabinet minister did or said, suggested that violence against the M’sian vessels was being even considered as an option.

Coming back to the 9th immortal

 

Tan Kin Lian thinks Tun is more sinned against than sinning

In Malaysia on 09/12/2018 at 10:46 am

Whatever one can say about TKL, he’s got the balls to speak out in support of Tun unlike Tun brown nosers Tan Wah Piow, PJ Thum and Kirsten Han* ( “Antics Of Civil Society Activists Endanger Opposition Cause”); and Jolovan Wham: Nothing wrong in asking Tun M to intervene in S’porean affairs. Their silence is deafening shameful and in character. Sad.

Some people think that Dr. M is back to his old ways of “do Singapore in”. This perception is also being fanned by some people at senior levels and the media.

I have a different view. Here are my reasons:

a) Dr. M today is quite different from the past. He came back from retirement to remove a kleptocratic govt (quoting the description that he used). He does not want to see his country go down the drain.

b) Malaysia faced financial challenges. His ministers approached Singapore to waive the penalty for the cancellation of the High Speed Rail. We refused. He asked Singapore to pay a higher price for the water. We refused.

c) He came to Singapore during the ASEAN meeting to receive an honorary doctor of law degree (which he does not need). His main purpose was, in my guess, to talk about the price of water. The meeting concluded with an understanding to continue discussions. We are talking about $15 million a year, not a lot of money.

Dr. M must be disappointed at the attitude of the Singapore govt leaders. I can understand his disappointment.

I have been alarmed at the billions that we spend on infrastructure projects in Singapore. In some cases, I felt the large sums spent were excessive and unnecessary.

I would certainly have preferred to spend just a few hundred millions to build good relations with Malaysia, especially during their hour of need.

Sadly, we did not extend a hand of help. We missed the opportunity to build goodwill.

We will now pay the price for the bad relations. It will cost many times more than the money that we should have spent.

Some people will argue that we need to be “principled” and to adhere to the rule of law and contractual agreements.

I cannot understand why being “principled” should preclude us from being generous in helping someone who needs the help.

There is still time to change our approach. I hope that our foreign minister can play a role in bringing this about. He should not miss this opportunity.

Tan Kin Lian

Excluding those ex-NTUC Income staff who voted for him because they didn’t want him to lose his deposit (he was a good CEO and I understand their loyalty to a good, fair boss) and those who he (and I and others) tried to help over mini bonds etc (a gesture of gratitude); I hope the others who voted for him now realise that they were irresponsible voters especially as Dr Tan Chin Bock lost by a short nose.

Don’t play play with yr vote.


*OK, OK , as she’s a gal, she can’t have balls. But u know what I mean LOL.

When M’sia threatened war/ Gd day to sink a RMN vessel

In Malaysia on 08/12/2018 at 2:50 pm

I kid u not. In 2003

Malaysia’s leadership greeted the New Year with two statements of aggression toward its neighbours.

One threatened to go to war with its closest neighbour Singapore over an island dispute. The other offered a ‘bloody nose’ to countries such as Australia for its ‘white-man sheriff’ attitude.

https://www.scmp.com/article/402210/malaysia-threatening-war-island-row

More

The Bernama news agency reported Foreign Minister Syed Hamid Albar demanding, under threat of war, that Singapore learn to compromise over the disputed island of Batu Puteh, which is also known as Pedra Branca.

‘Singapore has two choices. If it refuses to compromise . . . go to war,’ Mr Syed Hamid said on Tuesday.

He accused Singapore of caring only about its economy, claiming that Malaysia was generally more intent on being a good neighbour who believes war is not the answer.

Singapore maintains the disputed island and has built some additional structures on it.

Malaysian journalists who recently approached the island were turned back by Singaporean marine police.

It’s a good to ram and sink a M’sian vessel if there’s one in our waters today. There’ll be a riot in KL when word gets out, what with this crowd: https://www.channelnewsasia.com/news/asia/malaysia-anti-icerd-rally-in-kuala-lumpur-thousands-arrive-11012828

Tun will either have to sit down and shut up or declare war.

Either way Najib will be back in power.

Malay Malaysian academic says Tun trying to distract attention from govt failings

In Malaysia on 08/12/2018 at 7:04 am

I’m (Let’s gloat at Tun as he threatens us) not the only one thinking that Tun is rowing with S’pore to distract attention from domestic problems

Awang Azman Awang Pawi, a political-science professor at the University of Malaya said Tuesday’s development had to be viewed in the context of Malaysia’s easing euphoria over the Mahathir government.

While it enjoyed widespread support for toppling Najib’s scandal-tainted administration, the ruling Pakatan Harapan coalition is now facing myriad pressures over issues from race tensions to its declaration that not all election promises may be fulfilled.

Azman said Mahathir had initially used concerns about excessive Chinese economic influence in the country “to raise the spirit of nationalism” in the first few months of his government.

But as ties with Beijing have since been smoothened, the issue of airspace sovereignty with Singapore may now fill that role, the professor said.

https://www.scmp.com/week-asia/geopolitics/article/2176304/malaysia-singapore-ties-hit-turbulence-over-air-traffic?fbclid=IwAR1WRzOlSveAbJ_42gj7QBNQC85uyvnCZ9P15xukfwSOb2Olsrqxe7DplzM

Wonder come Monday morning, Awang Azman Awang Pawi will find that he’s no longer a professor at the University of Malaya?

Tun is not amused.

Update at 11.15am

Writing on Facebook on Wednesday (Dec 5), former Singapore diplomat Bilahari Kausikan noted that it is “not an accident that so many old bilateral issues” have resurfaced following Malaysia’s change of government.

“The new governing coalition is intrinsically unstable and held together by a 93-year-old man,said Mr Kausikan, referring to Dr Mahathir. Mr Kausikan was formerly the permanent secretary at the Ministry of Foreign Affairs and now chairs the National University of Singapore’s Middle East Institute. “Political uncertainty in Malaysia inevitably leads to Singapore being used as a bogeyman to hold things together,” he added.

Traditionally, Singapore has been the “punching bag” for Malaysian leaders when they face domestic pressure. And things are no different this time, said political scientist Bilveer Singh from the National University of Singapore. The new Malaysian PH government is struggling to deliver its campaign promises, and has had to deal with infighting within the coalition. Racial tensions have also been reignited following a riot at an Indian temple last month. The “honeymoon period” for the PH government is over and the “realities are hitting home”, said Assoc Prof Singh.

On the recent run-ins between Malaysia and Singapore, he added: “This is more ‘Mahathirian’ than a Malaysian (approach).”

https://www.todayonline.com/singapore/why-singapore-malaysia-maritime-and-airspace-disputes-matter

Let’s gloat at Tun as he threatens us

In Energy, Malaysia on 07/12/2018 at 10:56 am

Because given the abolition of GST, Tun has a problem: shortage of $ to fund his promises. Until recently, the problem looked containable because of oil prices above US$70.

In Oct, Tun said the government was estimating the 2019 Budget allocation based on an average crude oil price of USD70 per barrel, although the benchmark Brent crude oil is nearing USD80 per barrel currently.

Now it’s below US$60, actually around U$S58.

So what does he do? Try to distract the Bumi Malays by threatening S’pore. (Related post: One reason Tun wants to cause trouble with us on HSR)

Let’s ram and sink their vessels. They can’t afford to replace them.

Notice the silence of TOC and other Tun’s fans who were cheering him on when he wanted to cancel HSR without compensation? They said he was right and S’pore should appease him: Anti-PAP S’poreans sucking up to Tun and Two-face Tun/ Why vote PAP.

One of them has gone back to posting about gd food in Johor and S’pore on FB. Doubtless he’s spending the 30 pieces of silver paid by M’sia’s Special Branch.

And do remember that TOC queried why we needed an air force when RMAF’s planes were grounded because of failure to maintain. A gd reason to raid TOC’s Terry in my view.

And do also remember that Mad Dog thinks we must be nice to people like Tun.  And remember this too: Jolovan Wham: Nothing wrong in asking Tun M to intervene in S’porean affairs.

Our anti-PAP types sure love to help the PAP retain power by repeatedly shooting themselves in the ass.

Update at 1.29pm: Let’s ram and sink this ship: https://www.channelnewsasia.com/news/singapore/malaysian-port-limits-vessel-polaris-buoy-singapore-waters-11007250

And dare Tun escalate hostilities or sit down and shut up. Btw sounds like P(olitican) Ravi has joined the appeasers. Recent FB posts:

The trouble with having so many Generals in the Cabinet, is that it may choose a more aggressive approach in solving a crisis over choosing a more diplomatic solution.

Yes, time to stand united against threats to sovereignty, but cooler heads should prevail.

How we deal with Malaysia over the encroachment issue, should be no different from how we dealt with the Chinese when they seized our infantry fighting vehicles.

and

The principle of approach to resolving the crisis should be the same. What do you suggest? We go to war?

Real reason why Tun doesn’t want Chinese money?

In China, Malaysia on 01/12/2018 at 5:47 am

Further to What Tun doesn’t say about Chinese money if he can use his own contractors he’ll embrace Chinese money, no matter what the cost? As fatcat abc points out, to get Chinese money condition must be to “use Chinese contractors & companies for the infrastructure jobs”.

What Tun doesn’t say about Chinese money

In China, Malaysia on 30/11/2018 at 6:33 pm

Xi should ask this guy to call Tun and explain things to him. LOL

Tanzania’s President John Magufuli has said he prefers Chinese to Western aid as it comes with fewer conditions.

Mr Maugufuli has been under intense pressure from Western nations over his controversial policies.

On 15 November, Denmark said it had suspended $9.8m (£7.5m) in aid because of “unacceptable homophobic comments” by a Tanzanian politician.

China has become a major investor in Africa, challenging Western influence on the continent.

It has promised to spend $60bn in investment, aid and loans in Africa over the next three years, mostly in infrastructure development.

“The thing that makes you happy about their aid is that it is not tied to any conditions. When they decide to give you, they just give you,” Mr Magufuli said.

https://www.bbc.com/news/world-europe-46364342

M’sia will benefit from Sino US trade war

In China, Malaysia on 18/11/2018 at 10:38 am

M’sia is smiling:

“We’ve got so many inquiries that our greatest problem is how to ramp up capacity,” including in electronics, steel production and automation from both China and the U.S., Malaysian Finance Minister Lim Guan Eng told reporters Sept. 13 in Hong Kong. “Once they come in it is very hard to pull out.”

https://www.bloomberg.com/news/articles/2018-09-18/u-s-china-trade-tussle-is-creating-winners-in-southeast-asia

Because

Vietnam and Malaysia stand to attract the lion’s share of ICT capacity that leaves China for two main reasons, the EIU said. The first is that an ICT supply chain already exists in these countries, with Samsung and Intel having a significant presence in Vietnam and Dell, Sony and Panasonic having plants in Malaysia. The other factor in their favour is that both Malaysia and Vietnam are signatories of free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which also includes Mexico, Canada and several Asian countries (but not China).

FT

And because

For the car parts industry, the main country beneficiaries of an expected shift in capacity outside China are Thailand and Malaysia.

FT

No wonder George Yeo (Remember him?) is looking at his bank statement and smiling

Malaysian billionaire Robert Kuok’s Kerry Logistics Network Ltd. is seeing “numbers are looking up a bit more” as companies divert distribution centers from mainland China and into places like Hong Kong and Taiwan, and parts of Southeast Asia, according to the company’s chairman, George Yeo.

“They’re thinking of the next factory, and they’re less likely to put it in China,” Yeo, a former trade and foreign minister in Singapore, told Bloomberg Television Sept. 14. He acknowledged that some firms already were planning to move business to lower-cost manufacturing sites outside of China.

Bloomberg

Finally

Malaysia could see the benefits both as a  trans-shipment point and because it’s a neutral country in which Chinese and American companies both would have an interest in investing.

Bloomberg

M’sia and S’pore are best ad for buying US

In Malaysia on 17/11/2018 at 11:32 am

In July, Defence Minister Mohamad Sabu had revealed that only four out of 28 Russian-made Sukhoi Su-30MKM and MiG-29 fighter jets owned by the Royal Malaysian Air Force can fly.

Our aircraft F15s and F16s have no such problems.

Btw, the Russian planes were bot in exchange for palm oil.