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Posts Tagged ‘CNA’

ST & CNA only correcting “fake news” or misreporting?

In Media on 08/01/2017 at 7:07 am

The anti-PAP internet brigade are KPKBing about censorship of or self-censorship by our MSM, ever since a well-funded pro-PAP click-bait site reported that ST and CNA had changed their initial reports on what the Minister for Pets said, taking out the comment: “You are not going to get angels in power all the time”.

The assumption of the PAPpy site, cybernuts and the saner anti-PAPies is that the Minister for Pets had really said,  “You are not going to get angels in power all the time”.

Err maybe the CNA and ST reporters were practising what “The Idiots” — S’pore (TISG as it prefers to be known as) and Jafri Basron** are really good at: faking the news? And got caught out juz like “The Indians — S’pore”** and Basron?


TISG and Fake News

OTC not the first elected president

Wrong building

Accusing DBS of breaking the law

Fixing the NEA and the WP

But to be fair, things have improved since a PAPpy joined the team.

Btw, it claims to be loudhailer for the PAPpies.

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Or maybe their reporters are FTs who have difficulty understanding English? Fake degrees isit?

So, mabe ST and CNA were merely correcting their reports to reflect what was really said?

Or intended to be said?

Keep an open mind. The truth is out there.


*He’s a groupie of one JBJ following him from WP to RP. With someone like him as an enemy, the PAP doesn’t need friends like mothership or Jason Chua and gang.

**TISG’s other name. I’m not being racist: a former editor, an ethnic Indian, called it “a bunch of Indians” when he was editor.

 

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Govt doesn’t highlight subsidy problems in M’sia, Thailand & Indonesia; wonder why?

In Indonesia, Infrastructure, Internet, Malaysia, Vietnam on 07/09/2013 at 5:58 am

The govt likes to warn about the dangers of subsidies, forever quoting the deficits in the West. Well what about telling us about problems nearer home? And how come it’s ok to “subsidise” HDB flats at home? ‘Cause it not really a subsidy is what the usual suspects would argue.

Malaysia has cut fuel subsidies for the first time in more than two years as it tries to reduce its budget deficit.

The subsidy on petrol has been cut by 20 sen (6 cents; 4 pence) a litre and on diesel by 20 to 80 sen a litre.

Prime Minister Najib Razak said the cuts would result in savings of about 3.3bn ringgit ($1bn; £650m) a year.

The government spent 24bn ringgit on fuel subsidies last year, which contributed to a widening budget deficit.

Malaysia’s budget deficit was 4.5% of its gross domestic product (GDP) last year.

http://www.bbc.co.uk/news/business-23926411

Some analysts said that the cut in fuel subsidies was an attempt by the government to increase investor confidence and persuade them to leave their money in the country.

Malaysia’s ratio of public debt to gross domestic product (GDP) “is approaching worrying leve according to a Bank of  America Merrill Lynch (BOAML) report. It said that the country’s debt-to-GDP ratio had risen to 54.6%  at the end of the second quarter, from 53.8% in the first quarter.

The figure is just short of the country’s mandated debt ceiling of 55% of GDP. In the 1960s, the limit was made law by then-finance minister Tan Siew Sin to ensure fiscal prudence.

BOAML said that it could worsen. “Rising longer-term bond yields (and hence higher debt-servicing costs) may accelerate the climb.”

Meanwhile, total debt including guarantees is piling up.

“Government guaranteed debt came in at RM147.3 billion (S$56.4 billion) in the second quarter, slightly lower than RM147.8 billion in the first quarter. Adding this to public debt brings the quasi-public debt to about 70.2 per cent of GDP at the end of the second quarter, up from 69.4 per cent during the first quarter.” [BOA report added after first publication)]

Other Asean round-up news

Thailand‘s Thaksinonmics runs into trouble

Thaksinomics has always been about two things. First, it was about establishing a secure hold over the voters, and in that it has unquestionably been successful.

But it is also supposed to be about driving the domestic economy.

The original schemes for micro-credit, affordable healthcare and local product promotion have lifted the living standards of millions of poorer Thais, as has this government’s decision to raise the minimum wage.

But the benefits of the car and rice purchase schemes are more doubtful, especially given their cost.

Thailand still remains heavily dependent on exports and on foreign direct investment for its growth.

http://www.bbc.co.uk/news/business-23903476V

What Viki’s US$ 200m exit says about S’pore’s, M’sia’s and Indonesia’s startup environment

And one of the reasons for the flight of money from Indonesia, is it’s failure to tackle the rising cost of its fuel subsidy. http://www.bbc.co.uk/news/world-asia-23015511

http://sgentrepreneurs.com/2013/09/02/what-vikis-usd-200m-exit-says-about-singapores-startup-ecosystem/?utm_source=rss&utm_medium=rss&utm_campaign=

CNA Group’s Vietnam-based subsidiary, CNA-HTE Vietnam Co, has landed a $10.6 million contract to renovate, upgrade and expand the domestic terminals in Ho Chi Minh’s Tan Son Nhat International Airport.

Under this project, CNA will provide mechanical, engineering and plumbing services such as the air-conditioning, ventilation and electrical systems at the airport’s new two-storey domestic terminal. CNA will also upgrade the airport’s existing domestic terminal, which will be equipped with a new bus terminal building and a VIP lounge. Its roof will be upgraded.

The project is slated for completion in October next year and will contribute to the group’s financial performance for the fiscal year ending Dec 31, 2013. It boosted CNA’s order book to $74.2 million, from $63.6 million as at June 30.

This is CNA’s second airport-related project in South-east Asia this year; it won a contract for Laos’ Luang Prabang Airport in April for common-use terminal equipment, typically used to facilitate passenger check-ins. BT