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Posts Tagged ‘Fun with numbers’

Why HSBC is really Hongkong Bank

In Banks, Emerging markets, Hong Kong on 23/08/2019 at 11:40 am

Yesterday, HSBC took out advertisements, in five Cantonese-language newspapers. The bank said it was deeply concerned about the recent events and “condemned violence of any kind”, saying the rule of law is vital to maintaining Hong Kong’s status as a financial centre. “That is why we fully support the ambition to resolve the present situation peacefully.”

Why is it so concerned?

These three charts show why HSBC is really Hongkong Bank (It once used this name), and the last two charts also show that it’s the people’s bank in HK. All of which explains the ads and what an HSBC spokesman said recently: “We respect that our employees have their own personal views on political and social matters. Our priorities are the safety of our employees and supporting our customers.”

A 34-year-old HSBC bank employee said the bank had not officially sanctioned the strike on Monday but some managers had told staff verbally they would not be penalised for not coming to work.

FT

Interesting, relevant, little known facts about HK’s general strike

 

Remember that HSBC includes the Hang Seng Bank which has a lot of branches serving the people: the takeover of Hang Seng Bank was the start of HSBC becoming a global bank: HSBC, Superman and another Cina superhero. I’m very surprised that BoC is a distant second in terms of deposits. I tot the gap was much narrower. And this was in 2018. I’m sure BoC lost a lot of deposits.

 

 

 

Wh

 

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Why global fish stocks not yet exhausted

In Environment on 23/08/2019 at 4:19 am

Americans don’t care for fish.

-ve deposit rates

In Financial competency, Financial planning on 22/08/2019 at 9:07 am

Further to Bank pays u to borrow/ Govts borrow for free, Jyske Bank who pays money to borrowers to borrow has become the first Danish lender to impose negative interest rates on customer deposits and has warned that sub-zero rates were looking “rather permanent”.

Customers with balances over DKr7.5m (US$1.1m) would be charged a default rate of 0.6% a year.

Fyi, UBS and other major Swiss banks have been charging negative interest rates on customer deposits for some time. But there we are are talking of deposits of tens of millions, not US$1m

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$.

How China is squeezing Trump’s balls

In China, Tourism on 18/08/2019 at 4:27 am

Tens of thousands of Chinese tourists are shunning the country as a holiday destination, and companies from Tiffany to Hyatt Hotels are counting the cost.

FT

It goes to say US business love tourists from China because on average they spend U$7,000 per including the costs of flights and accommodation, according to data from the US Travel Association.

After several years of double-digit growth, however, Chinese visitor numbers rose only 4% in 2017 and last year they declined for the first time since 2003. There were 2.99m arrivals in 2018, a drop of 6% from 2017. This trend is continuing this summer. US executives say the slowdown is weighing on profits.

Trump will cry “Uncle” when retailers renting space in Trump properties go bust.

Why Muslims in USA are right to feel oppressed

In Uncategorized on 07/08/2019 at 4:19 am

Just look at this chart: https://www.bbc.com/news/world-us-canada-49227590?intlink_from_url=https://www.bbc.com/news/world/us_and_canada&link_location=live-reporting-story. Racism is cited in BBC article as a reason why Muslims bear the brunt of suspicions.

Wechat conquers China, Facebook the world

In China, Internet on 27/07/2019 at 1:32 pm

WeChat has 1.1bn users in China (Peanuts round the rest of the world including HK), but Facebook has long outgrown the US market to boast 2.3bn* users worldwide according to Matt Sheehan at MacroPolo.  He has been looking at the quality of data collection and analysis in China and the US and compares the capabilities of the US and China.


*2.4bn as of June.

If China withdraws behind the Great Walls

In China on 25/07/2019 at 4:50 am

McKinsey Global Institute thinks the world stands to lose up to U$37tn if China withdraws from the world as a result of tensions with the west. Tech forms a big part of this amount. Btw, 90% of technologies used in China follow global standards.

Air conditioners make cities hotter

In Energy, Environment on 21/07/2019 at 1:49 pm

In cities, that means millions of units – including those on cars and buses and trains – constantly pushing out heat into the atmosphere. Studies have found the extra heat from air-conditioning can raise temperatures by as much as 2C. And when it gets hotter, our thermostats turn lower and the cycle continues.

https://www.bbc.com/news/world-us-canada-49049238?intlink_from_url=https://www.bbc.com/news/world/us_and_canada&link_location=live-reporting-story

IMF affirms support for PAP policies

In Economy on 17/07/2019 at 4:54 am

True, its lowered its guess-estimate for this yr’s growth to 2% from 2.3% (made in May), but eat yr heart out Mad Dog, Lim Tean and other nutty anti-PAP types.

It said “investment is expected to pick up on digitalisation” and as businesses adopt new technologies.  “Over the medium term, growth should stabilize around 2.5 per cent, increasingly driven by modern services alongside other trade-related sectors.”

Vote wisely.

Reminder: How bad things are

On a quarter-on-quarter seasonally adjusted annualised basis,  GDP contracted by 3.4%, way below the median forecast of 0.1% in a Reuters poll. This was a reversal from the 3.8% growth in the previous quarter and marked the worst quarter-on-quarter performance since the third quarter of 2012. The economy also registered its lowest growth in a decade, expanding just 0.1% on year in the second quarter, missing a forecast rise of 1.1%.

“Only cold spell coming, but not Winter,” says Heng

Why S$73.8m flat is a steal

In Property on 15/07/2019 at 1:31 pm

A Mr. James Dyson recently bot a flat for US$55m (S$73.8m). This tops a flat that Facebook co-founder Eduardo Saverin  bot years ago for US$44m.

According to FT’s Lex, Dyson is paying around 40% less per foot than Mr Saverin but that “that could reflect a lower level of luxury”. It goes on

A 26 per cent discount on the list price for the 21,108 sq ft flat is a surer sign of a bargain.

“Only cold spell coming, but not Winter,” says Heng

In Economy, Media, Political economy on 15/07/2019 at 5:04 am

I know economists are forecasting a recession (How bad things are described at the footnote*) but was surprised the constructive, nation-building ST Super-lite reported this fact in the following manner:

The Government is “not expecting a full-year recession at this point”, Deputy Prime Minister Heng Swee Keat said on Friday (July 12), but economists are warning that there is a high likelihood of a technical recession ahead.

https://www.todayonline.com/singapore/slowing-economy-q2-what-it-means-jobs-general-election-and-long-term-growth

Showing that it no ak Heng (Heng trying to make distinction between “a full year recession” and “technical recession”, using economists to show its disrespect isit? Or is ST Super-lite juz clueless?

Waz more the economists were given a lot of pixel space to comment:

WHAT ANALYSTS SAY

Economists said that Singapore’s economic prospects have clearly deteriorated due to downside risks such as the trade war, as well as the slowdown in China and global growth, and the worsening tech cycle downturn.

Nearly all analysts interviewed by TODAY said chances are high that there could be a technical recession, which is defined by two consecutive quarter-on-quarter declines.

Referring to the latest result as “a near stall”, OCBC bank’s head of treasury research and strategy Selena Ling noted that the first half of this year’s Gross Domestic Product (GDP) year-on-year growth was at a “paltry” 0.6 per cent, the weakest first half growth since 2009.

It “clearly heightens the risk of a technical recession if growth momentum remains tepid going into the third quarter,” she said.

Mr Joseph Incalcaterra, HSBC Global Research’s chief economist for the Association of South-east Asian Nations, said that the weakness in Singapore’s GDP is “a harbinger of further growth deterioration across the region”.

He added: “What surprised us is how broad-based the deterioration was in Singapore, suggesting that unlike other neighbouring economies, domestic-facing sectors are not strong enough to offset external headwinds.”

Dr Chua and Ms Lee from Maybank Kim Eng, who had previously forecasted a “shallow” technical recession, have downgraded their outlook to a deeper one.

Retrenchments in manufacturing and trade-related sectors are likely to worsen as firms cut back on hiring amid rising uncertainties, they said.

Mr Alvin Liew, an analyst from United Overseas Bank, said that the official forecast could be downgraded to a range of 0.5 per cent and 1.5 per cent in August, highlighting the possibility that the Government’s 0.1 per cent year-on-year flash estimate for the second quarter could be revised into negative territory as well.

MTI’s forecast had put GDP growth at between 1.5 per cent and 2.5 per cent for the whole of 2019.

Remember that S’pore is seen as one of the barometers for global demand given its export-orientated economy: S’pore: the canary in the coalmine

Related posts: PAP: tropical White Walkers?

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

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

Expect MAS to “manipulate” S$ lower

Even MSM tells us “Ground is not sweet economically”

Ground is not sweet economically/ Authorities may have to do something but no gd options

—————————————————————————————————

*How bad things are

On a quarter-on-quarter seasonally adjusted annualised basis,  GDP contracted by 3.4%, way below the median forecast of 0.1% in a Reuters poll. This was a reversal from the 3.8% growth in the previous quarter and marked the worst quarter-on-quarter performance since the third quarter of 2012. The economy also registered its lowest growth in a decade, expanding just 0.1% on year in the second quarter, missing a forecast rise of 1.1%.

 

Price of coffee in a cuppa

In Uncategorized on 13/07/2019 at 11:01 am

Coffee powder used in a US$4 cup of coffee is costs US$0.50: 12.5% of the total cost. Secret Squirrel’s second cousin removed who owns a coffee place in an atas mall, says that in S’pore, the % is around there too.

Note that in the illustration “Mark up” is not the profit. It includes rent, wages etc.

Source: https://www.bbc.com/news/world-us-canada-48631129

S’pore’s a liberal place, ang moh data shows

In Uncategorized on 08/07/2019 at 1:14 pm

Repression? What repression? Obvious Kirsten Han doesn’t do quantitative data, only subjective feelings isit? Another example of her failure with numbers: Repression? What repression?/ Alt media cannot be trusted.

If u draw a straight line down from where S’pore’s is located on chart below, you’ll hit France, I’m told. Now France isn’t repressive, is it, Kirsten Han? Eat yr heart out ang moh tua kees, cybernuts and other anti-PAP types. Repression? What repression?

We are liberal by advanced country standards: not very liberal but we have France for company.

A really smart ang moh tua, cybernut or other anti-PAPpy (But there are none) will point out that the Heritage Foundation is an arm of the CIA and Wall St. But there’s no evidence for this assertion.

Related post: “There is freedom of speech, but I cannot guarantee freedom after speech”

PAP really makes case for banning tobacco and alcohol

In Public Administration on 01/07/2019 at 11:26 am

 

Our Pet Minister* (The PAP sees voters who own pets as an important constituency*) likes to draw attention to thescientific literature that show that cannabis and other drugs are harmful, as the reason not to decriminalise them.

Well there is plenty of evidence that alcohol and tobacco are more harmful.

So why PAP no ban them?

Ang moh tua kee at work (West’s ‘human rights superiority complex’)? Our colonial masters didn’t ban alcohol and tobacco but banned these drugs, so their PAP running dogs followed blindly isit?

Fyi

[A] report published today by the Global Commission on Drug Policy, an independent group of 26 former presidents and other bigwigs. They conclude that, as far as the scientific evidence is concerned, current drug laws have no rhyme or reason to them. The commission blames the UN’s drug classification system, which sorts some 300 psychoactive substances into “schedules” according to their harms and benefits. Some, such as morphine, have medical uses. Others, such as psilocybin (the active ingredient in magic mushrooms), are used mostly recreationally. Drugs without any apparent medical utility are automatically placed in the most dangerous category—and subjected to the strictest criminal penalties—regardless of the risk they pose.

https://www.economist.com/graphic-detail/2019/06/25/what-is-the-most-dangerous-drug


*He and his side kick Louis Ng (PAP MP still sore at childhood failure?) got more power then the ministers responsible for Malays, Indians and Eurasians combined. Says something about the power and influence that pets who really own their so-called masters have in S’pore. Minorities can only envy these dogs and cats.

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).

 

 

HK demonstrations: What I’d like to know

In China, Hong Kong on 17/06/2019 at 4:51 am

How many of the protesters are mainland tourists or long term residents of HK from China.

The crowds are massive, no doubt about it. And Hongkies are really upset, no doubt about it: Not fear of the people singing but fear of US growling made Xi chicken-out.

But I’m curious about whether there are substantial numbers of mainlanders in the crowds, who are there really to protest against Xi.

The tourist numbers from China are staggering, fyi,

From January to November last year, about 58.6 million tourists visited Hong Kong, up 10.7 per cent from the previous year. Among them, 45.9 million were mainland tourists, an increase of 14.2 per cent from the same period in 2017.

In November, the number of mainland day trippers jumped 40.3 per cent year on year to a record 2.9 million, and accounted for 86.5 per cent of the city’s total of same-day arrivals.

Alan Au, a member of a Hung Hom community group, said it was common to see 300 mainland tourists blocking the streets as they waited for coaches in some parts of the district.

SCMP in January 2019

Streaming — S’pore tua kee

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

In Asean

Where China can make America Cry Uncle

In China on 15/06/2019 at 5:02 am

Stop its students from studying in the USA

The United States is the number one destination for Chinese students seeking to study abroad.

They make up one-third of the total international body in the US and pay significant sums to study at top institutions.

BBC report

Serious money: billions

Indian bull? Sold a ton of BS

In India on 13/06/2019 at 5:11 am

Fake stats on growth rates:

Arvind Subramanian, a veteran economist who advised the Indian government from 2014 to 2018, said that the country’s average annual growth in gross domestic product between 2011 and 2017 was in fact around 4.5 per cent, against official estimates of 7 per cent.

His findings were presented in a research paper published by the Center for International Development at Harvard University’s Kennedy School, which found that the correlations between 17 independent indicators of economic activity and GDP broke down after 2011, leaving India an outlier compared to other countries’ economic data.

FT

Btw, I’m still a holder of Ascendas India: biz trust with office space in IT parks. Good yield and price moves in the right direction.

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?

 

No elections this year?

In Economy, Political governance on 18/05/2019 at 11:36 am

How to hold a general election this yr when the ground is not sweet for PAP to get 65% of the vote ( Why PAP aiming for 65% of the popular vote)? The economy is going to the dogs.

Non-oil exports continue slide in April with export performance missed expectations, posting a steep drop in April as regional trade tensions continued to weigh on the island nation’s economy.  Non-oil domestic exports fell 10% year on year, below a Reuters poll forecasting a 6%.

The fall was the second consecutive drop after March’s disappointing data, which showed an 11.8 per cent year-on-year drop, marking the worst export performance since October 2016.

No wonder Kee Chiu said

Singaporeans must gird themselves for the long haul.

Related posts:

Double confirm, ground not sweet for PAP

Another reason why ground is not sweet for the PAP

But doesn’t mean PAP will lose election as predicted by TOC and TRE cybernuts

Why 37,000+ sure to vote for PAP (But balanced off by above 34,000+ retail investors in Hyflux who could lose 90% of their investments)

Why S’poreans continue voting for the PAP to have 2/3 of parly seats

6,400 senior citizens each get $312.50 hongpao from a TLC

 

Why most S’poreans keep voting for PAP

In Financial competency, Political governance on 17/05/2019 at 1:32 pm

It’s like shopping leh:

self-reinforcing cycle, where they became more and more attached to a product.

We are attached to the PAP because we keep voting for it.

Analysing the decisions we make in the supermarket can help us understand the choices we make in other areas of our lives.

Analysing the buying decisions of 280,000 customers revealed that they fell into a self-reinforcing cycle, where they became more and more attached to a product.

These cycles tend to last for several consecutive store visits before the pattern is broken and the process starts again with a different brand.

Interestingly, when consumers break out of these self-reinforcing loops, they tend to do so across multiple products at a time.

For example, when switching their brand of coffee, they are more likely to change their brands of yoghurt and washing detergent as well.

Blind loyalty

Why does this loyalty build up?

Further analysis of the data ruled out simpler explanations, such as price or force of habit being responsible for these patterns.

One explanation is that people come to like what they purchase, out of a need to “make sense” and explain their choices to themselves and others.

For example, after buying the ingredients for a salad, a consumer might start to value healthy foods more to justify the purchase.

This pattern of behaviour could be exploited to try to create a relationship with a selected product.

In the loyalty card study, we sent the supermarket’s instant coffee drinking customers coupons to try a different brand.

Those in the switching phase were twice as likely to use the coupon as those still locked in to their existing coffee product.

Beyond shopping

This self-justified decision making is not limited to the weekly shop, but probably spills over to many areas of our lives.

For example, studies suggest people defend their selection of everything from the jam they buy to the politicians they decide to vote for in an election.

After we vote for a leader we may mimic their positions on many issues, including those we were undecided about or even to which we were opposed.

https://www.bbc.com/news/business-47357292

Where we don’t Pay and Pay

In Internet, Telecoms on 10/05/2019 at 1:41 pm

 

S’pore is between Nigeria and Brazil at US$3.24 based on data from https://www.valuechampion.sg/are-singaporeans-overpaying-their-mobile-plans

Vote wisely.

 

 

 

Fake news: Use electric cars to reduce carbon usage

In Environment, Financial competency on 10/05/2019 at 10:55 am

The German Institute for Economic Research (Ifo) claims that an electric vehicle produces more carbon emissions than a diesel car. They are right because major carbon emitters like China, USA and Germany use lots of coal to produce electricity.

Only ministers can afford this for their kids?

In Uncategorized on 03/05/2019 at 4:26 am

Wealthy people will spend heavily to buy their children an early advantage, as demonstrated by Cognita’s new “early-learning village” in Singapore, which will eventually cater for 2,100 children aged 18 months to six years. Facilities include 114 outside spaces, one for each classroom, and nine playdecks equipped with pirate ships, tricycle tracks and suchlike. The classrooms are arranged in groups of four, each with a central space to create a sense of community. “The building develops with the children,” says Adam Paterson, one of the centre’s two headteachers. “They move through it as they grow.” Fees range from S$14,832 ($8,393) to S$35,610 a year.

https://www.economist.com/special-report/2019/04/13/private-education-is-stepping-in-where-the-state-leaves-off

No PAP Community Foundation kindergarten for them?

Nas v Terry Xu

In Uncategorized on 28/04/2019 at 5:00 am

Last Saturday, Nas attracted a crowd of 2000 at the Botanical Gardens.

Later this afternoon at Hong Lim Park, Terry of Terry’s Online Channel is organising a response against Nas’ positivism about S’pore

Voicing the people’s concern over the proposed fake news law

Our speakers confirmed for the event are Leong Sze Hian, Kin Lian Tan, Khush Chopra, James Gomez, Chan Wai Han, and Brad P Bowyer. 🎤

The event will be moderated by Kwan Yue Keng.

See you all there, and do bring along your mats, umbrellas, and cardboard papers so you can write what you feel about the proposed law on “fake news”! 🇸🇬

For those who can’t make it, you can catch the live streaming of the speeches here on our Facebook page.

https://www.facebook.com/events/448166205961727/

Who will have the bigger crowd?

Das had 2,000. This is pretty decent because this would amount to a crowd of 24,000 in the UK or 120,000 in the US. (How calculations made: Pink Dot: Why was govt spooked?/ Pastor Khong try matching the numbers)

Let’s see if the progressives and their cybernut allies can match Nas in getting feet on the ground. He’s an internet celebrity who juz happens to love S’pore, while they juz happen to hate living in it and diss him for promoting S’pore to his fans in other countries. See:

TOC recovering from its anti-Nas fever/ Why TOC keeps on making “honest mistakes”?

TOC, cybernuts juz plain jealous isit?

Whatever, if the progressives and their cybernut allies cannot muster a decent crowd of about 1,000 people, time to sit down and shut up, and stop talking down to the 70% of the voters who vote for the PAP at GEs. They should be trying to persuade those who voted for Tan Cheng Bock at last PE (35% of voters) that they are right, rather than juz diss the PAP.

The law of politics:

You either have the numbers or you shut up.

(Tito Mboweni, ANC freedom fighter who became cental bank governor, finance minister and corporate fat cat)

Related posts:

Nas not only FT who thinks S’pore is a great place

Why ang mohs will vote for the PAP

Redefine “old age” and there’s no longer an aging problem

In Economy, Political economy on 25/04/2019 at 4:36 am

TOC’s Correspondent latest rant on Heng reminded me that Heng implies we need FTs by the cattle truck load, the presumptive PM because because the population is ageing and not reproducing, while we need a 10m  population.

Well recently the FT had a piece headlined

Demographic time-bomb: Finland sends a warning to Europe

Facing a rapidly ageing population, the country’s difficulty in passing reforms highlights the hurdles ahead

But interesting it reports in the article that “experts in Finland say the debate on ageing needs to be rethought”.

An expert

Prof Vaarama says that it is wrong to classify all people aged over 65 as “old”. She argues true old age starts at 80-85. Before that, people could still be working and be consumers in the new so-called “silver economy”. “Society doesn’t yet understand what longevity is. We should look at how we can benefit from this population,” she adds.

Time for the policy thinkers in the SDP and people like Tay Kheng Soon to think more about issue. The PAP won’t change their mind about a Hard Truth.

Americans love Chinese food

In China on 17/04/2019 at 4:12 am

Chinese cooks were exempted from anti-immigration laws aimed at the the Yellow Peril.

In the 1880s, the US passed legislation barring Chinese workers from immigrating to the US. Only a few categories were exempt – including restaurateurs – and historians say this contributed to a boom in Chinese restaurants in the US.

https://www.bbc.com/news/world-us-canada-47892747

So what if S’pore is very low on democratic accountability?

In Political economy, Political governance, Public Administration on 12/04/2019 at 11:08 am

The KPKBing about very draconian laws further restricting the space on the internet and social media is evidence, anti-PAP activists say, that the PAP govt is very authoritarian with very little democratic accountability. Very true: look at the area shade pink. Among developed “countries” only HK (Remember Goh Meng Seng thinks HK is paradise), is worse.

So what? Look at the area shaded pink in these two charts, and vote wisely and tactically.

 

 

 

 

Why S’poreans migrating to Antipodes or Canada

In Economy, Political economy, S'pore Inc on 11/04/2019 at 10:55 am

Totful, caring or juz KS pushy parents want their children to more easily move up the economic ladder.

This is something that our constructive, nation-building media wouldn’t dare tell u about. Funnily neither does alt media (TRE excepted, if it republishes this piece).

The Great Gatsby curve illustrates the connection between concentration of wealth in one generation and the ability of those in the next generation to move up the economic ladder compared to their parent. Shows that in S’pore very difficult to move up the economic ladder. We are in same boat as UK, USA, France, Italy and Switzerland.

No wonder S’poreans migrate to Australia, NZ and Canada. They hope their children can be more mobile economically.

Equal Opportunity in S’pore? What equal opportunity?

Chinese miss out on two of life’s greatest pleasures

In China, Hong Kong on 08/04/2019 at 4:25 am

One is enjoying diary products like fresh milk, butter and cheese because of lactose intolerance:

Approximately 65 percent of the human population has a reduced ability to digest lactose after infancy. Lactose intolerance in adulthood is most prevalent in people of East Asian descent, affecting more than 90 percent of adults in some of these communities.

Lactose intolerance – Genetics Home Reference – NIH

https://ghr.nlm.nih.gov/condition/lactose-intolerance

The other is not being able to enjoy booze by having a combination of genes that puts us off drinking alcohol. It causes an unpleasant reaction and makes them feel unwell.

Further to Fake news on alcohol and stroke, if you did not read the BBC article I referenced there, you’d have missed something the bit about alcohol intolerance:

East Asian countries are useful places to study the effects of alcohol.

Many people with Chinese ancestry have a combination of genes that puts them off drinking alcohol. It causes an unpleasant reaction and makes them feel unwell.

As a result, there is a wide variation of alcohol intake in China – one in three men doesn’t drink and very few women do.

But by comparing the health outcomes of drinkers and non-drinkers according to their genetic profile, scientists say they have been able to assess – with much more certainty than before – the direct effects of alcohol on stroke risk, distinct from any other factors.

Western populations don’t possess these genes, so it would be impossible to carry out a similar study here.

And most studies are observational, which makes it’s difficult to judge which factor is causing what effect.

Dr Iona Millwood, study author and senior epidemiologist at the University of Oxford, said: “Our genetic analyses have helped us understand the cause and effect relationships.”

https://www.bbc.com/news/health-47817650

No wonder, we Chinese compensate for these defects by eating sea slugs, chicken claws, sharks’ fin and other exotics.

 

Fake news on alcohol and stroke

In Uncategorized on 07/04/2019 at 4:15 am

A large Chinese study seems to debunk the theory that the odd drink can help safeguard against stroke. (The Lancet)

Even light-to-moderate drinking increases blood pressure and the chances of having a stroke, according to a large genetic study in The Lancet, countering previous claims that one or two drinks a day could be protective.

The UK and Chinese researchers followed 500,000 Chinese people for 10 years.

They say the findings are relevant to all populations and the best evidence yet on the direct effects of alcohol.

https://www.bbc.com/news/health-47817650

Asia holds up Hermes

In Casinos, Japan on 31/03/2019 at 4:41 am

If Chinese, Japanese and other Asians stopped buying Hermes products …

Why were non-Chinese left out of mushroom study?

In Uncategorized on 18/03/2019 at 10:57 am

Eating mushrooms more than twice a week could prevent memory and language problems occurring in the over-60s, research from Singapore suggests.

A unique antioxidant present in mushrooms could have a protective effect on the brain, the study found.

The more mushrooms people ate, the better they performed in tests of thinking and processing.

But researchers said it was not possible to prove a direct link between the fungi and brain function.

The National University of Singapore study’s findings were based on 663 Chinese adults, aged over 60, whose diet and lifestyle were tracked from 2011 to 2017.

https://www.bbc.com/news/health-47554966

(Emphasis mine)

Bet u the Tamil supremacists will KPKB that Tamils were unfairly excluded from the study. As will sensitive souls like P Ravi (he had a green card so he’s susceptible to being politically correct) wanting to know why was it that minorities were left out of the study. Multiracial society? What multiracial society?

The reasonable, but not conclusive, argument that a multi-racial study meant that analysing the data would be a lot more complicated than limiting it to one ethnic group will not wash in an election year. Juz wait for Mad Dog, Lim Tean or Meng Seng to stir the pot on the right of minorities to take part in a study on the effects of taking mushrooms. But then Lim Tean and Meng Seng* prefer to support M’sia rather than S’pore in the territorial dispute. at least SDP came out in support of S’pore.


* He even faked the news: What Meng Seng and TOC don’t tell us about dispute with Tun

 

S’pore is parasite

In Economy, S'pore Inc on 15/03/2019 at 1:39 pm

Ong Hai Chuen posted on FB

Why is SINGAPORE the RICHEST country in ASIA? – VisualPolitik EN

Sonny Liew, yes he of The Art of Charlie Chan gave this totful response (Somewhat related post: “Bullshit is the glue that binds us as a nation” )

This analysis suffers from a common problem of failing to recognise Singapore as essentially a metropolitan area – as evinced by the presenter’s own constant switching from descriptions and comparisons using both the terms “city” and “country”.

The economic writer Joe Studwell in his intro to “How Asia Works: Success and Failure In the World’s Most Dynamic Region ” writes that his book “restricts itself to the developmental challenges facing what I would call ‘proper countries'”.

He goes on to say that he “ignores east Asia’s two main offshore financial centres – Hong Kong and Singapore”, along with the ” “micro oil state of Brunei” and “east Asia’s traditional gambling centre, Macau”, before describing comparisons of development between places like Singapore and Indonesia as a “pointless and deeply misleading debate”, since “Offshore centres are not normal states. Around the world, they compete by specialising in trade and financial services while enjoying lower structural overheads than other countries, which have larger, more dispersed populations, and agricultural sectors that drag on productivity… ”

“Offshore centre’s lower overheads mean that they also have a built-in fiscal advantage. Yet they can never exist in isolation – they are in a strict sense parasitic, because they have to have their host or hosts to feed on.”

It would make more sense to look at Singapore in City or Metropolitan Area terms when evaluating it’s policies and successes – so places like Hartford and San Jose would be in a similar league. These cities have small population sizes and may have comparable types of economies – Hartford’s economy is “strong in finance, especially insurance and benefits and is an important government center, as the capital of Connecticut”, while San Jose “is home to the larger part of the world’s leading technology center, suburban Silicon Valley.”

While good governance is still key to its success, failure to at least view Singapore partly through metropilitan area lenses may end up presenting a muddled picture…

Streaming and the SDP

In Uncategorized on 10/03/2019 at 11:17 am

Looks like someone in the SDP (Mad Dog most likely?) didn’t understand its own streaming policy paper or didn’t read read the PAP’s minister’s proposal before dashing out this piece of turd: Ong Ye Kung Adopts SDP’s Proposal to Abolish Streaming.

Let me explain.

Further to No more streaming? Really? What a load of BS, where I reported Roy Ngerng’s analysis that the PAP’s “abolition” of streaming results in a more refined way of streaming, I can’t help but think that Mad Dog double confirms that he’s a howling Mad Dog.

The SDP (actually Dr Chee,  Morocco Mole assures me) was quick to say that the PAP followed their 2014 recommendation to abolish streaming: Ong Ye Kung Adopts SDP’s Proposal to Abolish Streaming.

Well I wanted to know did the SDP propose what the PAP govt is proposing to do that Roy says (I agree with him) is really streaming in another guise?

Take the hypothetical situation that students take 3 subjects for their ‘O’ Levels at Secondary 4, with the different G-subject combinations and grades according to the following:

[1] G3 (A grade), G3 (A), G3 (A).
[2] G3 (A), G3 (A), G2 (A)
[3] G3 (A), G2 (A), G2 (A)
[4] G2 (A), G2 (A), G2 (A)
[5] G2 (A), G2 (A), G1 (A)
[6] G2 (A), G1 (A), G1 (A)
[7] G1 (A), G1 (A), G1 (A)

Instead of 3 streams, now do we have 7 streams?

An extended version with 4 subjects would look like this:

[1] G3 (A grade), G3 (A), G3 (A), G3 (A)
[2] G3 (A), G3 (A), G3 (A), G2 (A)
[3] G3 (A), G3 (A), G2 (A), G2 (A)
[4] G3 (A), G2 (A), G2 (A), G2 (A)
[5] G2 (A), G2 (A), G2 (A), G2 (A)
[6] G2 (A), G2 (A), G2 (A), G1 (A)
[7] G2 (A), G2 (A), G1 (A), G1 (A)
[8] G2 (A), G1 (A), G1 (A), G1 (A)
[9] G1 (A), G1 (A), G1 (A), G1 (A)

Does this now make 9 streams?

Now, take this and multiply by the number of subjects students have to actually take (6 to 8, at least), and then by the more refined grading (A1, A2, B3, B4, etc.).

As such, the ‘Express’, ‘Normal (Academic)’ and ‘Normal (Technical)’ streams have been removed in name, but have they only been replaced by a more refined way of streaming, as outlined in [1] to [7 or 9, or more] above?

Roy Ngerng

I’ve not read the SDP policy paper but I’ve been assured by Secret Squirrel that the paper advocates a complete abolition of streaming including no more elite schools. No streaming by another name as per PAP govt plan which retains RI, MGS and St Nick and the so-called other elite schools. And a SDP sua kee (only Mad Dog is tua kee in the SDP) is muttering on FB that until elite schools are abolished, there still is streaming.

So why did SDP issue Ong Ye Kung Adopts SDP’s Proposal to Abolish Streaming?

All this means that Mad Dog did not understand the SDP’s policy paper, or forgot its contents, or did not read or analyse the minister’s comments before coming out with his claim that the PAP “borrowed” its recommendation: Ong Ye Kung Adopts SDP’s Proposal to Abolish Streaming.

With enemies like Dr Chee, the PAP doesn’t need friends. Sad.

The SDP now has a lot of good people nowadays especially as grass-root activists. And a SDP team of responsible adults, endorsed by Dr Tan Cheng Bock, can give the PAP a run for its money in any GRC contest.

Put down Mad Dog or at least triple his medicine, RI doctors in SDP. Please. Pretty please.

 

Why 37,000+ sure to vote for PAP

In Political governance, Public Administration on 08/03/2019 at 9:57 am

I refer to Double confirm, ground not sweet for PAP where I talked of falling resale prices causing a problem for the PAP with those who bot resale flats. But this is not an issue for those received this special government grant for buying a home to live with or near their parents or children. A friend drew my attention to (emphasis mine):

The number of households that received a government grant for buying a home to live with or near their parents or children has nearly doubled, said the Housing and Development Board (HDB) on Friday (Feb 8).

Since the launch of the Proximity Housing Grant in 2015, about 20,100 households have benefited from the scheme as of end-2018. This compares to the 11,000 households that received the grant between 2015 and 2017.

The grant was increased in February 2018 to encourage more families to live near each other.

In total, S$377 million has been disbursed under the scheme. An additional 300 families will receive their grants once their resale transactions are completed.

Under the scheme, all Singaporean citizen families who buy a resale flat to live with their parents or children enjoy a grant of S$30,000. Those buying a resale flat to live near their parents or children receive S$20,000.

Eligible singles who buy a resale flat to live with their parents receive S$15,000, while singles who buy a resale flat near their parents receive S$10,000.
Advertisement

The proximity condition of “near” is defined as within 4km.

All Singaporeans are eligible for the Proximity Housing Grant once, regardless of their household income, ownership of private property or whether they have enjoyed housing subsidies before.

Those who own private properties will have to dispose of them within six months of the resale flat purchase.

As of Dec 31, 2018, about 20,400 households have applied for the grant. Of these, 53 per cent did not qualify for other housing grants, HDB said.

Families made up 83 per cent of the applications, while the remainder were singles.

Read more at https://www.channelnewsasia.com/news/singapore/hdb-proximity-grant-number-doubled-live-near-parents-children-11222086

why will they not thank the PAP govt by voting for the PAP?

FYI, I got the headline number based on “Families made up 83 per cent of the applications, while the remainder were singles.” and “An additional 300 families will receive their grants once their resale transactions are completed.”

Every vote matters for the PAP.

Vote wisely.

Meng Seng: fake news propogator

In Financial competency on 25/02/2019 at 11:17 am

Either that or he one super blur spastic cat. Whatever, he’s one of the PAP’s most effective weapons in it’s attempts to slime the Oppo as a bunch of nutty opportunists.

Further to Merdeka Package shows how smart scholars are, I had tot Goh Meng Seng was trying to be like Alex Tan (Mrs Chiam said he was like a son) of States Times, S’pore Herald etc etc: a purveyor of fake news. This appeared in TRE under his name (emphasis mine):

The Fall of Net Investment Return Contributions?

Back in 2018, the PAP boasted that the Net Investment Return Contribution (NIRC) has more than doubled from $7b in 2009 to $15.9b in 2018.

However, the NIRC for 2019 has dramatically dropped to $3.6b in – which is about half of 2009′s NIRC when the world was facing an unprecedented global financial crisis!

Under the rules, the government can contribute up to 50% of total investment returns to the budget. Hence, there are two possibilities here.

The first is that it may have decided to use much less than the maximum 50% just to show that there is “deficit” and this is thus an “expansionary budget”. It might even be the case of political posturing to show that the government needs to raise GST to 9% because of “deficits”!

The second possibility is that our Sovereign Wealth Funds – GIC and Temasek Holdings – and MAS had suffered unprecedented losses which resulted in this dramatic drop in the NIRC!

Either way, it does not look too good.

These are the questions my team and I will pose to the PAP government if we are elected into parliament.

Goh Meng Seng

The NIRC is $17.2bn (up 4%). So what was Meng Seng smoking in his opium pipe? Ganja? Or Grandpa Xi’s dried turds? Too poor to buy opium?

Seriously either he was faking the NIRC number or he can’t read while at the same time smoking ganja or dried turd. Whatever, do we want him and his fellow clowns in parly? Remember he said:

These are the questions my team and I will pose to the PAP government if we are elected into parliament.

To be fair to him, this later appeared:

Correction:

The Straits Time reported that there will be a “basic deficit of $7.1B” and after taking into account of NIRC, the deficit is reduced to $3.5B.

After double checking the figures, this statement is misleading.

The deficit of $3.5B is the result of taking in BOTH the NIRC and the Special Transfers (all those goodies) into account.

The actual NIRC is $17.2B(up 4%) while the Special Transfer is $15.3B (up 70%).

My apology. I should not have trusted the Straits Time fully and should counter check on the figures.

Goh Meng Seng

So either Goh Meng Seng chickened out of lying or double confirm twice over twice over that he’s a double cock. Can’t get his facts right first time and giving a gibberish excuse for not getting it right first time. Other people have read the ST report (self included) and got the correct numbers from the ST report.

Whatever, do we want him and his fellow clowns in parly? Remember he said:

These are the questions my team and I will pose to the PAP government if we are elected into parliament.

And waz he doing relying on the constructive, nation-building ST for facts? Shouldn’t he be relying on TOC, State Times, S’pore Herald and other cybernut alt news outlets? And these are free to boot, unlike ST.

With enemies like him, the PAP doesn’t need friends.

Vote wisely.

 

Another Dow Jones record

In Uncategorized on 25/02/2019 at 9:38 am

US stocks finished higher on Friday — with the Dow Jones Industrial Average chalking up its longest weekly winning streak since 1995

10- 20% of voters are anti-PAP cybernuts

In Uncategorized on 23/02/2019 at 2:23 pm

According to a survey commissioned by the Ministry of Culture, Community and Youth (MCCY), 90% of people that were polled in 2018 are proud to be S’poreans, while 80% agreed that S’pore is a caring and cohesive society.

The findings also showed that eight in 10 S’poreans were satisfied with race and religious relations in 2018, while two in three agreed that there were enough opportunities to interact with people of different backgrounds and beliefs.

These findings of the annual survey were revealed for the first time by Minister Grace Fu on Tuesday (22 January) in a wide-ranging interview on her ministry’s work last year.

TOC, The Indian Idiots, TRE and other anti-PAP publications and social media were outraged saying that S’pore is not “a caring and cohesive society” etc. Example

Upon reading the survey’s result, many netizens have expressed that they’re proud to be Singaporeans.

However, although a lot of them are proud to be Singaporeans, but they have opined that they don’t like the current ruling party.

Terry’s Online Channel

With enemies like these who confirm the survey’s findings, the PAP doesn’t need friends.

Related post on why 60-70% of the voters don’t buy the cybernuts’ and Mad Dog’s criticism of the PAP way of doing things: Great IB riposte to Mad Dog and P Ravi etc

 

 

Great IB riposte to Mad Dog and P Ravi etc

In Political governance, Public Administration on 22/02/2019 at 5:00 am

Mad Dog and P Ravi have been telling S’poreans not to succumb to the PAP’s bribes election goodies.

Btw, it would be smarter for them to tell or remind S’poreans that it’s our money the PAP is using.

Will Oliver Lum and other Hyflux investors still vote for the PAP?

In Financial competency, Infrastructure, Political governance, Public Administration on 18/02/2019 at 7:21 am

Amid all the KPKBing by SIAS, Hyflux investors aided and abetted by the anti-PAP cybernuts, why doesn’t anyone from this mob of born losers point out the “honest mistake” made by an agency of the PAP govt that led Hyflux to build Tuaspring? The Electricity Market Authority (EMA) got a key economic projection wrong, badly wrong, by 50 percentage points: see bits I bolded below.

[I]t is important to highlight that when the Tuaspring project was first awarded in 2011, the outlook for the Singapore power market was very favorable. The Tuaspring power plant was projected to turn in profits from day one. At that time, new power generation plants were planned to support the country’s projected electricity demand with a reserve margin of 30%. Today, however, due to oversupply of gas in the market, the projection by Electricity Market Authority (EMA) in their Singapore Electricity Market Outlook 2017 showed an increase in reserve margin to 80% in 2018. By way of illustration,the average wholesale electricity price has dropped from about SGD220 per MWh in 2011 when the Tuaspring project was awarded to an average of SGD81 per MWh in 2017, resulting in significant losses from electricity generation.

https://www.hyflux.com/wp-content/uploads/2019/02/Hyflux-responses-to-SIAS-letter.pdf

Blame the all seeing, all wise PAP govt that a minister was praising in SunTimes.

Vote wisely. As though it’ll make a difference. With Tan Kin Lian, Mad Dog, Lim Tean and Meng Seng opposing them, the PAP don’t need friends. Sad.

Related posts:

A really curious incident

Did Hyflux’s auditors mislead?

Hyflux fiasco shows why “book value” is BS

Repression? What repression?/ Alt media cannot be trusted

In Political governance, Public Administration on 10/01/2019 at 11:25 am

Going by the Economist Intelligence Unit’s Democracy Index, Kirsten Han, the Lee White than White  Horses, TOC, other alt media, and Lim Tean and his fellow cybernuts are fibbing when they claim that the PAP govt is getting more repressive.

S’pore’s Democracy score is improving

2018 — 6.38

2017 — 6.32

2016 — 6.38

2015 — 6.14 LKY died in March

2014 — 6.05

2013 — 5.92

2012 — 5.88

(2011 — LKY resigned from cabinet after GE)

2010 — 5.89

2008 — 5.89

2006 — 5.89

S’pore is classified, like the US, as a “Flawed Democracy”. To be fair to both nations, the US of A only joined S’pore in this category since Trump’s election as president. Before that it was a “Full Democracy”: juz on the right side (or wrong side, depending on one’s views) of the railway.


The Chinese Communist Party way is the The PAP way?

————————————————————————————-

The Economist Intelligence Unit’s Democracy Index. The index rates 167 countries by 60 indicators across five broad categories: electoral process and pluralism, the functioning of government, political participation, democratic political culture and civil liberties. It is stricter than most similar indices: it concludes that just 4.5% of the world’s people live in a “full democracy”. However, the overall global score remained stable in 2018 for the first time in three years.

Boy sperm swim better but gal sperm smarter

In Uncategorized on 01/01/2019 at 4:53 am

Gal sperm outlive boy sperm.

One popular theory is that the odds of having a girl increase by having sex several days before ovulation and then abstaining so that the female sperm, which live longer, but swim more slowly than male sperm, outlast their counterparts.

Conversely, if sex happens closer to ovulation or after it, the best swimmers get to the egg first and boys are produced.

Parents may swear by these techniques, but scientists say there is little evidence they make any difference.

There is also some research which suggests parental stress could lead to the birth of more girls, while living through wars and conflicts may give rise to more male conceptions.

https://www.bbc.com/news/health-46597323

 

“Nine” not “Eight” is unlucky for Xi

In China on 24/12/2018 at 10:43 am

Why “Nine” is his and the CCP’s unlucky number.

China gets nervous about the number nine. Years ending in nine bring a clutch of awkward anniversaries that worry China’s leaders. In 2019 it is 100 years since the May Fourth Movement, a much-celebrated protest, and 30 years since the bloody suppression of student-led demonstrations in Tiananmen Square.

https://worldin2019.economist.com/fromtheeditor

The fully monty: https://worldin2019.economist.com/xijinpingsworries

 

When Trump is right about lying media

In Uncategorized on 25/11/2018 at 10:45 am

OK sort of.

Look at this and tell me if Trump loves polluting the atmosphere as the media alleges?. I mean he’s a lot more green that the EU and Grandpa Xi. His bark (He is sceptical about climate change and loves “beautiful, clean” coal) is worse than his bite.

Want US$18 oil?

In Energy on 16/11/2018 at 11:07 am

Monday WCS was just US$17.78 a barrel, compared to US$58.91 for US West Texas Intermediate.  But buyers have bring their own pipelines, rail-wagons or trucks to Alberta. That’s the problem.

The existing pipelines etc are working at full capacity.

Why S’pore is so shiok for private property investors

In Political economy, Property, Public Administration on 12/11/2018 at 9:46 am

Look at the table and note that here holding costs (i.e. interest paid) for 5 yrs (assumes no profit from sale after 5 yrs) and fees payable (taxes, duties) very low compared to rest of the world bar a shithole of a city. The PAP govt treats private property investors better than they treat otters (TRE Cybernut says PAP has created paradise for otters not citizens)? $ means US$.

Waz there not to like about the PAP if u are an investor in private property?

Compare this to if u bot a resale HDB flat: Will resale flat owners still vote for PAP in next GE? and Will this resale flat buyer vote for PAP in next GE?

African example PAP govt will follow?

In Economy, Political governance, Public Administration on 30/10/2018 at 9:47 am

The Tanzanian government is in the process of amending its statistical legislation so that it can impose fines or jail time on anyone who questions the accuracy of official figures.

Not a big step from what Ng Eng Hen did as a newbie cabinet minister (Manpower) many yrs ago when he roughed up some academics who published analysis based on extrapolation (I think) of officially published data on a sensitive issue (FT employment rates vis-a-vis locals). Appparently there was some unpublished data according to Hen that contradicted the extrapolation: they should have asked his ministry whether their analysis was correct.

After the row died down (the academics sucked XXXX), the long-standing head of the stats dept resigned. As a noted economist (then and now) remarked tongue -in-cheek: “Wow, govt admits data published on website is not accurate”.

Whatever, Hen never looked back: his star was on the rise.

Crazy Rich Asians not falling for Ang Moh BS

In Corporate governance, Environment, Financial competency on 28/10/2018 at 9:52 am

EPFR Global the data-tracking firm notes:

“Funds with socially responsible (SRI) or environmental, social and governance (ESG) mandates, with the notable exception of Asia Pacific equity funds, continue to attract fresh money even when the broader geographic groups they are part of struggle.”

 

Indians taking over the US of A

In India on 22/10/2018 at 2:50 pm

I kid u not.

The top three fastest-growing languages Indian. And there’s another four Indian languages in the top 10 fastest-growing languages (Chinese in only 7th).

And Indians vote for Trump.

United States of India?

Chart showing fastest growing languages in the US 2010 - 2017

https://www.bbc.com/news/world-45902204

And notice that Muslims (Arabic speakers) are up there too.

How to react to PAP’s prognosis of doom and gloom

In Uncategorized on 18/10/2018 at 5:28 am

But first, why take IMF’s & other int’l bodies forecastswith a large pinch of salt

Forecasting is not really the IMF’s forte, while pessimism is. Every growth forecast since 2009 for the UK economy has undershot the actual result, often by a significant margin. The warning of misery ahead is widely reported, but is really no more likely to be right than the average bank economist. It’s not only the IMF which finds misery gets more coverage. In 2007, the WWF estimated that the world had five years to avoid catastrophic climate change. In 2011 the International Energy Agency gave us five years. By last year the United Nations’ tame expert reckoned we had only three. Now the grand-daddy of the doomsters, the Intergovernmental Panel on Climate Change, reckons we have 12 years to mend our sinful ways. At least the trend is encouraging.

FT’s sardonic Neil Collins

Likewise take the PAP administrations prognosis of doom and gloom for S’pore and voters if the “right” policies are not followed (Ie must Pay and Pay for ministers and public gds, must have FTs by cattle-truck load, and PAP must be have policitcal hegemony) with a larger pinch of salt.

FTs benefit S’pore: Sarong Party Gals surveyed?

In Uncategorized on 08/10/2018 at 1:00 pm

More young people feel S’pore benefits from FTs.

Quoting a survey from the even more constructive, nation-building  Institute of Policy Studies (IPS), ST reported” more young people in Singapore feel that the country has benefited from the presence of foreign talent”.
—————————
Three cheers for TOC
Three cheers for TOC for spotting that the survey is from 2016 and was reported only after Ong Ye Kung talked cock on need for FTs.
———————————————————
The IPS survey found 62.5% of 19 to 30-year-olds believe skilled workers who come here from other countries “have contributed to Singapore’s development”, compared to 45.4% in 2010.

Juz wondering if the survey participants were Sarong Party Gals interviewed while doing pub crawls with their ang moh boy friends?

 

 

 

 

 

Germans are really smart

In Uncategorized on 06/10/2018 at 4:30 am

Audi, BMW Mercedes began robo car trials recently in China, in part to test their technologies on the country’s often-chaotic highways.

Neanwhile Google and other US cos test their cars primarily in places like Phoenix, Arizonia because the streets are in a grid pattern, and traffic is moderate.

Millienal, Gen Z

In Uncategorized on 16/09/2018 at 6:53 am

In case u don’t know, Millienal refers to anyone aged between 21 and 39, while Gen Z counts those up to 20 years of age.

Peenoys give the lie to the importance of press freedom

In Indonesia, Media, Vietnam on 01/08/2018 at 4:54 am

In Prosperity with S’porean, Chinese characteristics I quoted the typical ang moh view that

The case for a free press rests not only on classical liberal principles but also on hard data. Cross-country studies show strong and consistent associations between unfettered media, vibrant democracies and limited corruption.

Peenoy Land has a very free press, couresy of American rule, but look at how poor its people are compared to four other Asean countries, three in which press freedom is an expensive luxury. Only Indonesia has a free press.

Time to investigate if housing developers screw public by colluding?

In Economy, Property, Public Administration on 29/07/2018 at 10:47 am

“Unsold number of private properties hit 3-year high as prices continue to rise” screamed headline from a department of the constructive nation-building media.

Bit strange that prices go up when there’s plenty of unsold stock. Shumething not right.

Then this caught my attention (emphasis mine)

Ms Christine Li, senior director of research at real-estate services firm Cushman & Wakefield, attributed the three-year high of unsold numbers of private housing units to the likelihood that developers are spacing out their launches, to avoid direct competitions from nearby projects due to the increased supply.

https://www.todayonline.com/singapore/private-home-prices-climbed-34-second-quarter-2018

Time for the Competition and Consumer Commission of Singapore to investigate if there is illegal collusion or other illegal practices among developers that cause housing prices to be higher than if there were no collusion etc. They juz squeezed Grab’s balls,

What kind of voter are u?

In Political governance on 25/06/2018 at 10:53 am

Remember this?

A Financial Times story today said – Mr Mahathir, who always enjoyed needling neighbouring Singapore and its long-ruling People’s Action Party, said the electoral earthquake would reverberate across the narrow Straits of Johor.

Mahathir told the Financial Times, “I think the people of Singapore, like the people of Malaysia, must be tired of having the same government, the same party, since independence.”

reminded me that the day after last GE I wrote

Which type of voter were you on 9/11?

1. Comfortable Nostalgia: “They tend to be older, more traditional voters who dislike the social and cultural changes they see as altering [country] for the worse.”

2. Optimistic Contentment: “Confident, comfortable & usually on higher incomes they are prudent & tolerant but think [country] is a soft touch.”

3. Calm Persistence: “Often coping rather than comfortable, they hope rather than expect things to get better.”

4. Hard-pressed Anxiety: “Pessimistic & insecure, these people want more help from government and resent competition for that help particularly from new-comers.”

5. Long-term Despair: “Many are serial strugglers; angry & alienated they feel little or no stake in the country or that anyone stands up for them.”

6. Cosmopolitan Critics: “Generally younger, more secular and urban-based, worried about growing inequality & the general direction the country is going in.”

Go to https://atans1.wordpress.com/2014/03/28/which-voter-are-you/  to see how I tot those who vote for the PAP, or Oppo can be categorised.

Btw, I now think that TOC’s editors, team and readers are now in the same categories as the majority of TRE posters.

I think based on the postings on TRE,  the majority of TRE posters would seem fall into the “Hard-pressed Anxiety” and “Long-term Despair” (i.e. the losers) even though TeamTRE belongs in the “Calm Persistence” and “Hard-pressed Anxiety”  categories: the only people who would spend time and money on doing what they believe is right, even if the losers are freeloading on their efforts.

TOC’s editors, team and natural readers would fall into the ”Calm Persistence”, “Hard-pressed Anxiety” and ”Cosmopolitan Critics” groups.

Sad. Seems like Terry (Once ”Calm Persistence” now “Hard-pressed Anxiety” or “Long-term Despair”?) has given up trying to persuade those who voted for PAP in GE 2011 and Dr Tan Cheng Bock in PE2011 that they should think about alternatives to the PAP.

 

 

Akan Datang: Why CPF Life payments will begin at 85

In CPF, Financial competency, Financial planning on 20/06/2018 at 11:00 am

This will happen because 85 is 2.4 years above the average S’porean life expectancy rate of 82.6 yrs.

Let me run readers thru the argument.

In CPF Life: How withdrawal age “moved” to 70, I explained how the CPF Life default age for receiving payments was raised to 70, while earlier in Why CPF annuity will begin at 75 I joked that Queen Jos was planning how to justify raising the age to 75.

Well Russia has an even better plan to screw the elderly. Russia today, S’pore tomorrow?

Russia recently proposed raising retirement age above the average life expectancy of Russian males (63 yrs)

Prime Minister Dmitry Medvedev proposed increasing the pension age for men from 60 to 65 years old, and increasing the pension age for women from 55 to 63 years old.

… with many pointing out on social media it would make retirement age higher than the average male life expectancy in Russia.

https://www.bbc.com/news/blogs-trending-44495136

In S’pore, according to govt data the average male life expectancy age is 80, the female life expectancy age is 86.1 and the average 82.6. Don’t ask me how the average is calculated.

Rounding the average up to 83, and learning from Russia, CPF Life payments will begin at 85, enabling the reserves to grow and grow because many male S’poreans will be dead before CPF Life payments begin.

Btw, remember if CPF Life plan dies, you die: not yr money.

There is a provision in the law governing the CPF Life Plans which states that payouts are contingent on the Plans being solvent. This is because premiums that are paid in to get the annuities are pooled and collectively invested. If the plan you chose doesn’t have enough money to pay out, you die. This is unlike the [Minimum Sum] scheme, where account holders are legally entitled to the monies in their CPF accounts …

(https://atans1.wordpress.com/2011/12/03/best-cpf-life-plan/)

 

 

 

 

Must be cheap skate cybernuts visting Johor

In Indonesia, Malaysia, Tourism, Vietnam on 18/06/2018 at 4:14 am

Diagram shows that M’sia is even worse than Vietnam in not fleecing tourists: must all those freeloading TRE, TOC readers and other cheap skates taking adv of weak ringgit. Tun will not be happy. 

M’sia to profit from Mrs Najib’s handbags?

In Malaysia on 14/06/2018 at 4:47 am

200+ handbags were reported seized.

If they are mostly Birkins, M’sia could make a profit

A second-hand Hermes Birkin bag has sold for £162,500 ($217,144) in London, a new European record for the most expensive handbag sold at auction.

The 2008 Himalaya Birkin, with an 18-carat white gold diamond encrusted lock, exceeded its list price of £100,000 – £150,000 on Tuesday.

The record for a bag sold at auction – also a Hermes Birkin – is £253,700 ($380,000), set in Hong Kong in 2017.

It is the “undisputed most valuable bag in the world,” Christie’s said.

https://www.bbc.com/news/uk-44463624

Assuming 200 Birkins were seized and each is worth an average of US$180,000, then M’sia makes US$36m from selling them, and reduces the M$1 trillion debt by a little.

Related posts:

Poor Najib, not believed when telling the truth

What TOC didn’t tell us why Harry met Najib’s wife

 

 

FTs at work, not juz beating up locals & stealing their lunches

In Uncategorized on 13/06/2018 at 4:10 am

What TOC, TRE and other anti-PAP sites, and even mothership don’t tell S’poreans about the great things FTs are doing here:

In a recent ranking of the most cited artificial intelligence research papers, which was studded with the likes of MIT and Google, a perhaps surprising name stood out: Nanyang Technological University. In fact, the Singapore university ranked second in the top ten only to Microsoft.

https://www.ft.com/content/4fb6269c-696b-11e8-8cf3-0c230fa67aec

Morocco Mole, Secret Squirrel’s sidekick, tells me that I highlighted what makes NTU great in AI in NTU’s global first in AI. And that these researchers are all FTs, though Secret Squirrel says there’s a true blue S’porean among the lot, but he’s not sure.

More of these FTs please.

 

S’pore is tops for safe, happy childhoods

In Uncategorized on 02/06/2018 at 4:25 am

Reading comments on social media and on anti-PAP websites like TOC, TRE and The Indian, our kids have unhappy childhoods: all that exam stress caused by the PAP govt’s policies. But what the cybernuts don’t tell us is that S’pore is joint tops for safe, happy childhoods. PAP must have something to do with this right?

RANK COUNTRY
1 Singapore
1 Slovenia
3 Norway
3 Sweden
5 Finland
6 Ireland
6 Netherlands
8 Iceland
8 Italy
8 South Korea

https://campaigns.savethechildren.net/sites/campaigns.savethechildren.net/files/report/EndofChildhood_Report_2018_ENGLISH.pdf

WHAT DO THE SCORES MEAN?
End of Childhood Index scores for countries are
calculated on a scale of 1 to 1,000. Countries with
higher scores do a better job of protecting childhoods.
The scores measure the extent to which children in
each country experience “childhood enders” such as
death, chronic malnutrition, being out of school and
being forced into adult roles of work, marriage
and motherhood.

Another reason why 60-70% vote for the PAP?

M’sia: Now this is gerrymandering

In Malaysia on 08/05/2018 at 4:38 am

Anti-PAP types who allege the PM gerrymanders seats here to help his PAP should go see how it’s really done in M’sia. LOL.

These boundary changes now leave some opposition strongholds with populations five or six times higher than rural constituencies, which tend to support the governing Barisan Nasional coalition, dominated by Mr Najib’s UMNO party.

Some estimates show Barisan getting an extra eight of the 222 parliamentary seats from these changes, and that it could win a majority with as little as 20% of the popular vote.

Opposition supporters have for many years complained of unfair advantages like this. This time some believe the election is so rigged it is hardly worth contesting.

http://www.bbc.com/news/world-asia-43985623

And then this happened to Nurul Izzar Anwar, star opposition candidate and eldest daughter of Anwar Ibrahim

recent and controversial boundary changes, and the inclusion of the votes of thousands of police officers who tend to support the government, have significantly reduced her prospects of holding Lembah Pantai.

But being the daughter of Anwar means Ms Nurul has been moved to contest a safe seat once held by her father, in opposition-dominated Penang.  Wants to change system of privilege? Must be joking right?

“Free restaurant food for SMRT & ComfortDelgro”

In Infrastructure on 23/03/2018 at 11:37 am

“Abalone, geoduck, sea cucumber and sharksfin isit?”

“Only in S’pore will a PAP minister sneer at serving restaurant food for the elderly poor while the PAP administration condones welfare for public tpt cos.”

The above were my tots when I read

“However, he noted that in the PTC’s discussions with commuters, the council had found that there was an “expectation on the ground” that transport fares will be increased. He added that commuters spoken to were “quite happy to bear higher fares” as they recognise the cost of improving the transport network.”

Public Transport Council chair Richard Magnus

Err so not true that the public tpt network (i.e. infrastructure) is not getting $20bn from the surplus as said by the presumptive PM and a possible one (Lawrence Wong: a PM-in-waiting) in parliament to improve the network?

Ministers wouldn’t lie in parly because lying is “dishonourable”.

So what is this “improving the transport network” by the tpt cos? Network (i.e.infrastructure is not paid for by fares because network is under the LTA.

Welfare for the tpt cos methinks. S’poreans (Surpluses belong to S’poreans even the PAP says though many S’poreans, not juz the cybernuts, may disagree) for improving the tpt network, yet we have to pay tpt cos for these improvements via fare rises.

Welfarism the PAP way. Sad. Prince John and the Sheriff of Nottingham (“Rob the poor, to give to the rich”) must have been reincarnated as PAP ministers.

Where is Robin Hood when we need him? Goh Meng Seng (Silence of Goh Meng Seng) and Lim Tean (Where’s yr defamation video and jobs rally Lim Tean?) are certainly no reincarnations of Robin Hood.

As is Mad Dog.

Dr Paul? But his followers sadly still prefer to listen to their top Mad Dog. Sad.

How to ensure no GST rise

In Political governance on 16/03/2018 at 11:20 am
This suggested tight slap to PAP sure to work. Sad that it wouldn’t be administered.
A TRE reader who is no cybernut wrote that losing five GRCs will make a GST rise unlikely. But that it wouldn’t happen because S’poreans don’t want Oppo running their wards. He’s right on both counts. And based on WP’s leaders behaviour in Aljunied (Now the subject of a legal suit by the town council against Low, Auntie and her bayee for breach of fiduciary duties) who can blame the voters?
Btw, based on sentiment in Aljunied, the WP is likely to lose big time in next GE. If Indian PAPpy can beat Chinese speaking scholar Show Mao in his ward in last GE, anything is possible in next GE.
opposition dude:

Always remember, this is a numbers game. He who has the most seats in parliament will govern Singapore it’s as simple as that. Right now PAP has over 80 seats and 1 to 3 more will be created in the next GE for sure. You want to make PAP lose more than 40 seats in the next GE is unthinkable for both the 70%/30%. All we can do is to make PAP lose more than what they have planned for, only then will a crystal clear signal be sent to the party that we are all frustrated with them over the immigration policy and the high cost of living in SIngapore.

If they lose 5 GRCs in the next GE then we will have sent in 25 or so opposition MPs into parliament. But the same stupid problem of voters not wanting an opposition party to run their ward lingers on. Together with the annual 20k new citizens being granted citizenship this will be quite the challenge.

Trump can’t count

In China on 13/03/2018 at 5:40 am

Doesn’t know difference between US$1bn and US$100bn.

Mr. Trump tweeted that he has asked Beijing to reduce its trade deficit with the U.S. by $1 billion, adding, “We must act soon!”

NYT’s Dealbook

US$1bn is “peanuts” in the context of a trade deficit with China of more than US$500bn.

Seems he meant US$100bn.

Maybe taz why although he’s worth slightly more than US$3bn, he thinks he’s worth a lot more. He can’t count.

Digital ads: the truth

In Internet on 06/03/2018 at 4:37 am

“Half the money I spend on advertising is wasted; the trouble is I don’t know which half,” is often attributed to John Wanamaker (1838-1922). He was a very successful American merchant, religious leader and politician. He has been called a “pioneer in marketing”.

Digital ads are marketed to advertisers (like Procter & Gamble) by the likes of Google and Facebook as solving the problem of which half is wasted.

But now P&G says that most online advertising is a waste.

Property: Americans and S’poreans alike

In Economy, Property on 23/02/2018 at 4:56 am

In SIBOR up 25%, but property mkt is hot?, I pointed at riasing interest rates do not deter S’poreans from being bullish about property.

Seems the same is true in the US too. And maybe S’porean buyers are thinking like the American buyers.

Mickey Levy of Berenberg, who also offers this detail from the Michigan [Consumer Confidence] survey, widely followed by economists etc. More than half of Americans feel that their own household is better off than it was a year ago – the first time that has been true in too long:t appears that many people are taking rising interest rates as a reason to go out and buy a house now, before rates go up further. Mickey’s conclusion:

In the last year, we have emphasized that when confidence measures are among the highest of all of their historic readings—both on the consumer and business surveys—we find that they are reliable predictors of future consumer spending and business investment.  Accordingly, we take note of this strong University of Michigan Consumer Sentiment Index that was conducted during the abrupt stock market sell off.  If other surveys that mirror confidence also hold up, that would confirm our expectations that the economy is continuing to build momentum.

FT

Emphasis mine.

Heng needs AI to help him in making Budget forecasts

In Economy, Political governance, Public Administration on 20/02/2018 at 9:41 am

Because if my favourite fortune-teller had made the Budget surplus prediction of S$1.91bn that Heng made in 2017, she would lose all credibility. The 2017 surplus is S$9.6bn: 5 times or 503% bigger than projected last year. This is a miss of S$7.7bn, or, as Chris K points out, nearly 1.8% of GDP.

As usual the “blame” for the whooping error is put on stamp duty. And the next PM said this is a one-off. If I recall, this has happened more than a few times already. Still a one-off?

But Heng and the rest of MoF, and the entire PAP administration are not held accountable for getting the 2017 projected surplus horribly wrong.

Yesterday morning, in Budget: Consistently flawed/ Use more from Reserves meh?, I pointed out that the previous year’s Budget surplus is always bigger than predicted because

Consistently expenditures will be found to have been overestimated, and revenues underestimated

And that this tot was triggered by FT’s description of a Japanese mgt practice

[T]he pattern is too consistent for comfort, often strays into the deliberately deceptive, and is carried out as part of a habit of systemic conservatism

Let me be clear. I am not accusing anyone in MoF or the govt of being  “deliberately deceptive”. Here in S’pore, the pattern of underestimating revenue and overestimating expenditure “is too consistent for comfort and is carried out as part of a habit of systemic conservatism”).

Chris K spotted two more whopping misses in 2017 that are likely to be repeated based on the forecasts for 2018

Land sales revenue is estimated to be 12,2b for 2018 but for 2017, land sales revenues are revised from 8.2b to 12.9b. A revenue miss of 4.7b.

Investment income pertaining to interest and dividends only is estimated at 11.5b for 2018. But for 2017, it was revised from 10.5b to 17.5b, a whopping miss of 7b. Why I say whopping? Interest and dividends from an investment portfolio are fairly predictable, what is not predictable is the change in market value of investments. But the latter is not included so why such a large miss?

In total, both land sales revenues and investment income are 23.7b estimated for 2018 and revised upwards to 30.4b for 2017.

Facebook

Coming back to Heng and AI, maybe MoF should use IBM’s Watson cognitive computing innovation to help it improve its forecasting techniques.

After all in 2014,

DBS Bank and IBM today announced an agreement in which DBS will deploy IBM’s Watson cognitive computing innovation to deliver a next generation customer experience. This collaboration is part of an ongoing journey by DBS to shape the future of banking.

 

Budget: Consistently flawed/ Use more from Reserves meh?

In Economy, Political economy, Political governance on 19/02/2018 at 10:02 am

[Update at 5.25pm: Trumpets please

My prediction that GST increase would be announced but delayed is correct: Heng announced GST increase of 2% from 7% to 9% to “fund recurring government expenses”. Increase will take place between 2021 and 2025 in a progressive manner. Handouts of GST vouchers will be made permanent once the increase is put in place.]

“Thus has it always been, thus shall it ever be”.

The FT talking about how Japanese mgt do earnings guidance

[T]he pattern is too consistent for comfort, often strays into the deliberately deceptive, and is carried out as part of a habit of systemic conservatism*

reminds me of our Budget’s forecast of expenditures and revenues in the coming year. Consistently expenditures will be found to have been overestimated, and revenues underestimated when the next Budget comes around the following year.

The result?

Economists expect bumper surplus for 2017

Part of headline from today’s ST. ST went on to gush

United Overseas Bank economist Francis Tan expects an overall surplus of $3.1 billion for FY2017, compared with the official initial estimate of $1.91 billion. UOB’s econometric model projects that the Government may see $2 billion more in revenue than expected, due mainly to higher corporate income tax receipts and stamp duties.

Mr Tan expects corporate income tax revenue to hit $14.8 billion, higher than the official estimate of $13.6 billion. If so, corporate income tax would regain its place as the largest contributor to revenue, ahead of the projected $14.11 billion net investment returns (NIR) contribution.

“Thus has it always been, thus shall it ever be” as the saying goes.

So remember that expenditures will be overestimated, and revenues understimated when we are told in the Budget statement that GST has to be raised because expenditure is rising for welfare and other goodies.

================

So why is there is surplus still?

Between FY2007 and FY2016, Singapore’s revenue has grown from S$43 billion to S$83 billion, based on revised FY2016 estimates. Over the same period, however, government expenditure has more than doubled from S$33 billion to S$71 billion.

Constructive, nation-building Today

http://www.todayonline.com/singapore/pressures-main-revenue-sources-prompt-govt-look-ways-grow-pie

And Err what about using more from income from reserves** and designating land sales as revenue, not chips for Ho Ching and GIC?)

======================================

Whatever, my bet is that there’ll be an announcement of a GST increase of 2 % but that the increase will be deferred so that Tharman’s promise will be kept

To be fair to PM Lee, both the MOF and he have clarified that consistent with DPM Tharmans 2015 remarks, we do not have to raise taxes before the end of the decade.

So there’s really no need to get our fiscal knickers into a twist about GST or income tax increases till after the next GE folks..

Countering PAP’s BS that taxes must go up

——————————–

*”Earnings guidance in markets everywhere is often a victim of the management instinct to lowball first so as to triumph later with an overshoot. In Japan, though, the pattern is too consistent for comfort, often strays into the deliberately deceptive, and is carried out as part of a habit of systemic conservatism. CEOs are not financially incentivised to reach for the stars, so opt for comfortable survival meeting targets they know are achievable.”

FT

**Long quote from https://www.theedgesingapore.com/how-will-singapore-fund-its-rising-budget-0

The reserve option

One other way of funding soaring spending on healthcare and social spending is to tap reserves built up over past decades. “If the government feels that, based on current revenue projections, it is not able to fund increased social spending and is looking for new sources of revenue, then its first consideration should be whether reserves should be tapped,” says Donald Low, associate dean at the Lee Kuan Yew School of Public Policy.

In a chapter in a book he co-authored, Hard Choices, published in 2014, Low argues that it is the baby boom generation — the group of people now entering or in retirement and at whom increased healthcare and social spending is targeted — that contributed the most to the accumulation of national reserves. “A significant part of our reserves is the result of fiscal surpluses generated in the 1980s and 1990s — the period when the baby boom generation was most economically productive,” he wrote. “Now that the generation that contributed the most to our reserves is entering retirement, it is only fair from an intergenerational perspective that the state reverses part of that transfer.

“To impose the fiscal burden of looking after the needs of the baby boomers onto subsequent generations in the form of higher taxes while continuing to accumulate reserves is not only unequitable but also inefficient… because continuing with a strategy of growing our reserves regardless of context implies a negative discount rate — that is, we favour the interests of a future generation more than those of the current generation… which has immediate needs.”

Singapore has, in fact, been tapping more of the investment returns of its reserves in recent years. In FY2016, Temasek Holdings was included under the so-called Net Investment Returns framework, which allows the government to spend up to 50% of its expected long-term returns. That year, NIR Contribution amounted to $14.37 billion and helped turn a $5.59 billion basic deficit to an overall surplus of $5.18 billion. The NIRC was the single largest contributor to the government coffers in both FY2016 and FY2017.

The NIR framework was implemented in 2009 to include expected long-term real returns on the government’s net assets managed by GIC and the Monetary Authority of Singapore. It was a major change from the previous Net Investment Income framework, under which the government could only spend investment income comprising dividends and interest.

Yet, should Singapore not be careful about using its reserves to fund the Budget? Should we not hold on to it for that proverbial rainy day? “But isn’t it the case that future generations are likely to be richer, for one, and, with [total fertility rate] at 1.2, the future generation is going to be a smaller generation [too]?” Low retorts. “So, we’re saving for a future generation that’s likely to be richer and almost certainly a smaller cohort than the baby boom generation. That seems like a regressive transfer of resources.”

He adds, “I think we have a social obligation to reduce inequality. In Singapore’s context, given that the baby boom generation helped to accumulate a large part of our reserves, one way of reducing inequality would be to tap the reserves to fund their needs. Another would be to introduce or increase existing wealth taxes.”

Still, other analysts do not expect the government to make more changes to the NIR framework, at least for now. “I think it’s good policy to use the good times to save up for the future,” says Wan.

Why our housing valuations look decent?

In Hong Kong, Property on 13/02/2018 at 4:36 am

I was fooling around with this https://www.economist.com/blogs/graphicdetail/2018/02/daily-chart-5 and among other things compared S’pore property valuations with that of HK. Something didn’t seem right about the S’pore valuations when I remembered some Bloomberg stuff I saw in 2016.

This is something cybernuts don’t tell us, especially the one who jets in from HK on his private jet to lecture us on why life in HK is a lot better in HK and why we must all sing “The East is Red” and even the Malays and Indians must be Chinese patriots.

 

 

 

 

 

 

 

Because of public housing, housing here is a lot more affordable.

 

http://www.bloomberg.com/news/articles/2016-10-06/singapore-crushing-hong-kong-in-race-to-bring-down-home-prices

Now if the PAP administration were a lot less obssesed about “stealing from the reserves” and “market pricing” (Market pricing? Market market pricing when the state is the largest player in the market what with its control of supply?), housing here could be a lot more affordable.

Coming back to local property prices, if u had keyed in S’pore in the Economist’s interactive model, like I did, you would have seen that valuations (historical and present) here are pretty decent. I suspect public housing data is included. Even if this is not, the public sector housing affects the private sector valuations.

 

 

Why GDP is magic

In Economy on 08/02/2018 at 11:30 am

 

Recently, I wrote

The 2017 GDP growth of 3.5% was dismissed by anti-PAP types (nutty and sane) saying it’s mainly due to electronics which doesn’t employ many S’poreans because it’s a capital intensive industry. And it gave them the opportunity to diss the focus on GDP growth.

Impt of electronics to S’pore and rest of Asean

Here;s why they have a point on GDP

Magic numbers A lot falls through the cracks when tallying up gross domestic product. The big dumb number ignores the quality of growth. It confuses new technological efficiencies (which sometimes result in job losses) as a slowdown in growth. The more society grows, the less real growth is captured in the digits. (World Economic Forum)

FT’s Due Diligewnce

The link to the WEF piece is titled “5 ways GDP gets it totally wrong as a measure of our success” and is a reprint of an FT article.

Once upon a time thigs were different

Here’s something that came across my FB wall. MTI data shows that growth averaged 10 % p.a. in the 70s, with manufacturing sector’s share of GDP grew from 14 % in 1965 to 24 % by 1978.

Production work was boring but she stayed on because of her close friends in the line. Maryati worked at Rollei in the 1970s and then at Seagate in the 1990s (in the interim she took care of her children).

She became a ‘lead girl’ at Rollei in charge of about 15 operators, and was in fact selected for training in Germany but because she was pregnant she was unable to go.

Maryati’s husband Hassan was a security guard at Rollei from the beginning in 1971 till the company shut down in 1982. They met at Rollei. To my surprise, Hassan had many interesting stories to tell of his time at Rollei.

As Maryati explained, the operators knew production, but security guards knew people.

Hassan became a delivery driver and then a taxi driver when Rollei closed. Maryati was retrenched when Seagate downsized and moved from Ang Mo Kio to Senoko.
It was really good to speak to Malay workers who played a part in Singapore’s industrialisation.

Maryati at her work: for the photos I am thankful Rollei made cameras and she had to test whether they worked!

Theatres of History & Memory: Industrial Heritage of 20th Century Singapore

When strong GDP growth benefited the ordinary worker

What is producivity? Why low productivity?

In Economy on 07/01/2018 at 4:31 am

The PAP administration KPKBing that low productivity means wages cannot rise (Btw, skip to the end if u want to read something that disses the PAP administration). And low productivity is a global probem, not unique to S’pore.

But what is productivity?

Until 10 years ago, productivity was the motor that drove economic growth. Its definition is nothing more complicated than the amount we produce per worker (or per hour).

If you’re a coffee shop worker, it’s the amount of coffees, tea and food each worker sells. On a pie-making production line, it’s how many pies you turn out. If you’re a lorry driver, it’s how much you deliver.

Now think of that lorry driver stuck in a traffic jam. With too little investment in new roads and too many cars and lorries using them, his trips are slower. However hard he works, he can’t keep delivering more than before. His productivity stalls.

One reason is weak business investment. A company trying to meet an expanding order book can try one of two methods: hire a few more people, or make its existing workforce more productive by investing in new, more efficient technology. As long as its cheaper and less risky to hire cheap labour, the business may hold off investment.

But weaker private investment – and private investment has in any case been growing recently – can’t account for the whole effect.

Another attempted explanation is weak training and poor infrastructure, another is weak spending on research and development – all of which play a role but none of which can explain in full the breakdown of what is normally the engine of economic growth.

http://www.bbc.com/news/business-42012388

Reasons for low productivity

One of the great economic puzzles of recent years has been the slowdown in productivity growth across Western nations. There are many potential explanations for this: the continued survival of zombie companies in a low-rate era; mismeasurement of the gains from technology; new tech being less significant than older innovations (the Robert Gordon thesis); a preference among businesses to use extra labour when wages are low. And so on.

FT

Re “a preference among businesses to use extra labour when wages are low”, taz what is happening here. Despite the recent restrictions, FTs still coming in. Only by the A380 cargo load, not the cattle truck load, as before. Remember that official productivity figures account for the cash value of output produced, divided by the number of workers.

SIBOR up 25%, but property mkt is hot?

In Economy, Property on 01/01/2018 at 5:03 pm

SIBOR up 25%

The three-month Singapore Interbank Offered Rate (Sibor) – the benchmark rate for most residential property loans here – has risen from 0.969 per cent on Jan 3, to 1.212 per cent as of the middle of this month. It is expected to go up further, in line with the Fed interest rate hikes next year.

But property market is hot and getting hotter. See what the property experts salemen say below.

So is cybernut-in-chief and oither haters of the 70% right that the market will tank Good economy = Unhappy hols, cybernuts?

Well so long as the global economy continues to enjoy a broad-based and strong period of growth, Oxygen and pals both at TRE and Chris K’s FB wall* will be banging their balls in frustration. And all indications are that in 2018 the party will continue for a bit longer. After all growth last year was 3.5% and will be easily 3% this yr.

Just be cautious that

The global economy may not grow as fast as predicted because China may experience slower growth than expected. If that happens stock markets will be in trouble as they seem to be priced to perfection.

But whatever, S’pore’s GDP growth will not collapse to 2%, let alone go into a recession. We may not have a great yr, but it ain’t going to a really bad yr.

On China, apart from being S’pore’s largest export market, accounting for 14.8% of total non-oil domestic exports (NODX), China has also been the fastest growing market over the past months. Almost 70 per cent of the NODX growth since July 2016 was driven by China alone. “Any slowdown in this key market will have a ripple effect on the Singapore economy,”  says DBS’s economist.

Whatever, beware property experts salemen talking their own book. Nomura economist Brian Tan urged for caution: “My main concern is that the market may be getting ahead of itself in terms of expecting this pick-up in (the) property market to be sustained.”

After several years in the doldrums, the recovery of the Singapore property market will be in full swing in 2018, experts say.

The jury is still out on whether concerns over a potential supply glut are warranted, but experts point out that how the market shapes up next year will depend very much on demand from buyers. This, in turn, hinges on the one major lever which the Government could yet call upon: The cooling measures, several of which — including the Total Debt Servicing Ratio (TDSR) — have remained in place since 2013.

The predicted market rebound will take place against a background of improved economic showing and jobs market for Singapore. The Republic’s economy had expanded 5.2 per cent year-on-year in the third quarter, the fastest pace in more than three years, prompting the government to raise its full-year economic growth forecast for this year to between 3 and 3.5 per cent, up from 2 to 3 per cent.

“(Property) prices are picking up because of… the higher economic growth, low unemployment and stronger buyer confidence,” said ERA Realty’s key executive officer Eugene Lim.

http://www.todayonline.com/business/looking-ahead-2018-property-market-poised-roar-back-life


*Even Chris K is reduced to saying that in the old days, growth would be 6% not 3.5%. Funny that he keeps saying at other times that things have changed: so the 3.5% is the old 6%. Anyway cybernuts from TRE might want to move to his FB wall: going by the comments there many have already. Unlike TeamTRE he doesn’t publicise my pieces so taz a reason move if any.

But be warned, he tries to keep things civil. So Oxygen please keep away.

Facebook see govt no ak is it?

In Public Administration on 31/12/2017 at 9:53 am

The details of 263 Facebook users were requested by the Singapore Government between January and June this year, the social media company revealed in a report released on Monday (Dec 18).

The Government made a total of 204 requests for such information, according to the Facebook Transparency Report. Facebook complied with 59 per cent of the requests.

Read more at https://www.channelnewsasia.com/news/singapore/263-facebook-user-details-requested-by-singapore-government-9513160

The BBC reports

Figures provided by Facebook suggest it handed over data in 85% of requests from US law enforcement and 90% in the UK.

So the S’pore authorities requests were rejected a lot more than requests by the Brits and Americans.

“Why liddat?”, we should be asking. Ang moh tua kee isit? China is sure to take note as Zuckerberg is trying to get the Chinese to allow FB in. I doubt if Chinais impressed that FB rejects so many of our govt’s requests since we and China are one-party states. Related posts Keeping power in a one-party state

But to be fair to the PAPpies, S’pore’s reject rate is the same as that of Germany.

Btw, three cheers for ST for reporting the UK and US numbers alonside that of S’pore’s. I’m sure someone sure kanna call up to lim kopi.

Our Asean neighbours on this list of shame

In Environment on 15/12/2017 at 5:18 pm

 Waste comparisons by country

Wonder where we are on this list if calculations were done on a per capita basis?

Wah train service so reliable meh between 2012 and 2016?

In Infrastructure on 25/11/2017 at 11:35 am
A usual sane TRE reader posted this in response to my comment that there was only one major cock-up between 2015 and April 2016 On the contrary cybernuts, Desmond did a great job
opposition dude:

Ah Cynical, it’s always interesting to read how you like to whitewash the truth isn’t it?

No major cockups until 2015 you say? Perhaps you aren’t a regular user of the trains and have never been caught in a disruption? What about the frequent disruptions faced by commuters every other month since he took over, all that magically doesn’t count ah? Only major shit like the tunnel “ponding” and the langga at Joo Koon?

Well I asked him

@opposition dude, look forward to u giving me details of disruptions between 2012 and April 2016 based on yr experience …

No picture no sound so far. So can I reasonably assume he was talking cock? What do u think?

Cybernuts are only a subset of 30%

In Uncategorized on 08/11/2017 at 5:39 pm

AfD, a right-wing nationalist party formed in 2013, claimed almost 13% of the popular vote. It is the first time since World War Two such a party will enter the German parliament.

But people online have been quick to point out the majority of the electorate – 87% of those who voted – opted for one of the other parties. The hashtag #87Prozent [87 percent] has been trending on social media in Germany.

“I must just remind you,” he wrote. “We are 87 percent. In other words: an absolute majority against the right”.

http://www.bbc.com/news/blogs-trending-41384799

In S’pore, the PAP can legitimately say to those who voted against the PAP “We are 70%”. U are only 30%. Sit down and shut up.”

And yet the cybernuts among the 30% (Oxygen, Dosh, BK, Rabble-rouser etc) see the 70% as enemies of S’pore juz as the PAP, wrongly, see the 30% as the enemies of S’pore.

Amos: Will he pay the ultimate cost of free speech?

In Uncategorized on 29/09/2017 at 7:30 am

S’poreans who are the PAP cousins of the TRELand cybernuts are foaming at the mouth in cyberspace because Amos has got asylum in the US, and worse that he’ll soon be a guest at the White House way ahead of our tudung wearing Hali, the PAP’s president: after all Trump and Amos share similar views on Muslims.

Meanwhile the TRE cybernuts at happy at these things happening.

—————————

Taking a chance on trash is what makes America Great

Satya Nadella, Microsoft’s CEO and and an immigrant makes an interesting observation about immigration to the US.

“I don’t want us to be only talking about high-skilled immigration. There’s one other quality the United States has, which is a real currency in the world, and that’s being a bastion of hope for all the people who need it most. Both of those need to be reserved in any immigration policy that we come up with.”

 a bastion of hope for all the people who need it most: The willingness of the US to take in a foul-mouth, draft dodger like Amos is what makes America Great. It’ll take the chance that he may turn out to be just a foul-mouth, draft dodging bum. It’ll take this risk because he really believed that America is the land of the free.

———————————–

As all indications are that he’s in the Chicago area, I tot the following would cheer the PAP cousins of the TRE cynernuts, and worry the TRE cybernuts.

The estimated number of violent crimes in the nation increased for the second consecutive year, rising by 4.1% in 2016 compared with 2015, driven by increases in Baltimore, Chicago and Las Vegas, said the FBI. The number of murders rose by 8.6% to an estimated 17,250 murders nationwide last year. Chicago, the nation’s third-biggest city, accounted for 22% of the nationwide increase with 765 murders last year, more than the number of murders in the largest city, New York (334), and the second-largest, Los Angeles (294), combined. The vast majority of these killings happened in five mostly black and Latino neighbourhoods on the south and west side where only 9% of the 2.7m city lives.

https://www.economist.com/blogs/democracyinamerica/2017/09/neighbourhood-watch

And given that he’s penniless, he’s likely to live in the “five mostly black and Latino neighbourhoods on the south and west side where only 9% of the 2.7m city lives”.

So he’d better get his ass to a safer city.

But as the stats quoted above show, the US is a lot more dangerous place than S’pore for a foul-mouth draft dodger. At most he gets locked up here; in the land of the free he might be gunned down at any time for exercising his constitutional right to offend others, or for just being in the wrong place at the wrong time.

Back to the PAP cousins of the other TRELand cybernuts. I wouldn’t be surprised if they now are praying to the 9th Immortal that Amos gets killed by a gun toting red-neck or Islamic terrorist.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As to the TRE nuts, who will they ask to protect Amos?

 

 

 

 

Good crowd at #notmypresident protest

In Uncategorized on 23/09/2017 at 10:49 am

The figures of last week’s protest range from “hundreds” (ST) to “2,500 — 3,000” according to activist Lim Tean one of the co-organisers.

Not seen an “aerial” photo that can help fix the size of the crowd.

Close to 2000 individuals turned up at Hong Lim Park on 16 September to show their concern and unhappiness over the recently concluded reserved elected presidency

TOC: FB post accompanying video footage

A “2,000” crowd works out to a 24,000 crowd in UK or a 62,000 crowd in a US city. Basis of calculation

Given that this is not an economic issue, unlike immigration, People power in S’pore, a crowd of between 1,000 – 2000 is a pretty decent showing.

 

 

 

Diabetes: Chinese ignored by PAP

In Public Administration on 08/09/2017 at 1:54 pm

And not the minorities. And it’s a member of an “oppressed” minority saying this.

Let me explain.

There has been a lot of KPKBing from the usual suspects that the PAP administration is stigmatising the diets of the Indians and Malays because the diabetes stats show that

– 9.7% Chinese had diabetes
– 16.6% Malays had diabetes and
– 17.2% Indians had diabetes

Here’s how a member of a minority race does the maths, the logical conclusion of which seems to indicate that the PAP administration is discriminating against the Chinese. From FB

Abdillah Zamzuri

SINGAPORE DIABETES IN REAL NUMBERS

Singapore’s Media has been focused on Malays and Indian diet to combat diabetes but here’s how the data looks like based on 2010 National Demographics and Diabetes Statistics.

In 2010, there were
– 2, 794, 000 Chinese
– 503, 900 Malays
– 348, 100 Indians

Of these,
– 9.7% Chinese had diabetes
– 16.6% Malays had diabetes and
– 17.2% Indians had diabetes

Percentage makes Malays and Indians look super unhealthy but here’s the reality in numbers…

– 271, 018 Chinese suffered diabetes
– 83, 647 Malays suffered diabetes
– 59, 873 Indians suffered diabetes

Which means, living in Singapore, Chinese are 3 times more likely to suffer diabetes than Malays and 4 times more likely to suffer diabetes than Indians.

Can we then ascertain that Chinese meals and lifestyle are unhealthier compared to Malay and Indian meals and lifestyle because well, the numbers said so.

In percentages based on overall population, this is how it looks like:

– 10.99% Singaporeans suffer from diabetes of which the denominations are…

– 7.18% Singaporeans (Chinese) suffer from diabetes
– 2.22% Singaporeans (Malay) suffer from diabetes
– 1.59% Singaporeans (Indian) suffer from diabetes

Reference:
http://www.singstat.gov.sg/…/census_2010_rel…/cop2010sr1.pdf
https://www.nrdo.gov.sg/…/defau…/diabetes-info-paper-v6.pdf…

#Diabetes #singapore

Seriously, this means

— minorities cannot complain if the government decides to allocate more resources in the war on diabetes in order to help the Chinese since by his logic they are the biggest sufferers; and if

— you tally up the education stats, more Chinese students “fail” than any other group. So SDP is wrong to KPKB that SAP schools “steal” money for the Chinese at the expense of the minorities.

PR BS from DBS

In Banks, Humour on 23/08/2017 at 6:40 am

Training? What training? Support? What support?

DBS Bank will be investing more than S$20 million over the next five years in a programme that will train its 10,000 employees in Singapore in digital banking skills and technologies.

The move is in support of Singapore’s vision to be a Smart Nation which Prime Minister Lee Hsien Loong highlighted during his National Day Rally speech, it said in a press release on Monday (Aug 21)*.

Break down the $20m to a yearly figure ($4m) and divide the $4m by the number of employees (10,000), and u get $400 per employee a year. Peanuts.

What training for digital banking skills and technologies can one get for $400 per employee per year?

Training? What training? Support? What support? It seems to be more about  carrying the PM’s balls, than anything else.

No wonder we not that Smart a nation.

——————-

*The article goes on: The broad-based programme will include artificial intelligence (AI)-powered e-learning. AI can make personalised course recommendations for employees and help them to collaborate and engage in mobile education at any time or place across the bank, it said.

Employees can also try experiential learning, where they will be able to go on paid sabbaticals to work on prototypes and start their own businesses. Accelerator programmes will provide mentorship and funds for intrapreneurs.

Staff can likewise apply for grants and scholarships to upskill themselves in emerging technologies like data and analytics, desiging thinking and automation, the bank said. Innovative learning spaces, like the DBS Academy and DBS Asia X, are also part of the programme, where employees have access to digital master classes, or work in collaboration with start-ups and the broader fintech community.

Read more at http://www.channelnewsasia.com/news/singapore/dbs-to-invest-s-20-million-over-5-years-to-transform-employees-9143874

Truth about cars from car maker

In Financial competency, Financial planning on 12/07/2017 at 5:15 am

FT reports GM as saying when city dwellers buy a car, it depreciates “fairly rapidly, you use it 3 per cent of the time, and you pay a vast amount of money to park it for the other 97 per cent of the time”.

Related post

Amos: 7 months in US jail, 4 more to go at least

In Uncategorized on 04/07/2017 at 1:05 pm

I tot readers might want to take a break from Oxleygate and sneer, ridicule or laugh at Amos Yee.

OK, there’s a big difference between sneering, ridiculing or laughing at very privileged spoiled brats and PAP ministers, and one of their pleb “victims”. But one can grow tired of abalone and suckling pig, and go for cold porridge and kiam chye for a change.

Amos Yee’s poatings are not by him but by people sympathetic to him. Ah well there are loonies born every day. Juz look at M Ravi.

Although Amos has won his case for political asylum in the US, the prosecutor [Chief Consul: Karen E. Lundgren, Assistant Chief Consul: Elizabeth Crites] appealed the case. Meaning, even though Amos has already been in American jail for 5 months, he has to stay in jail for another 6 more months until the judge makes a decision on the appeal. Amos was on suicide watch in the jail hole for the past 2 weeks.

So by the end of the process, he’ll have spent 11 months in an US jail and about a month in detention here. Still a good idea to dodge NS the Amos Way, Mother Mary? Especially as his asylum application could still be rejected.

Did he get the book he wanted?

Amos is still needlessly in prison because the government continues to challenge the court ruling that granted his political asylum. The government’s decision to continue to incarcerate him weighs heavily on his spirits as he continues to fight against the enduring stress of his imprisonment in the US and the trauma from his imprisonment in Singapore. Amos has found comfort reading books that his supporters have sent him over the weeks. Amos has requested Joshua Benjamin Jeyaretnam‘s book “Make it right for Singapore: Speeches in Parliament, 1997-1999” in solidarity with those who have been unjustly persecuted by their governments. Amos extends his solidarity to those around the world who fight against authoritarian regimes. From Raif Badawi in Saudi Arabia, to WikileaksJulian Assange in the UK, to Liu Xiaobo in China, to Edward Snowden in Russia, I stand with you.

The prison only allows paperback books purchased from large retailers such as Amazon. The Amazon link has been provided below.

https://www.amazon.com/Make-right-Singapore-Parliament-1…/…/

Books can be shipped to:

Amos Yee – Inmate #300802
Dodge Detention Facility
216 W Center St.
Juneau, WI 53039
USA

All Singapore Stuff , The Independent Singapore , Mothership.sg , The Online Citizen SG , The Straits TimesYahoo Singapore , 黃之鋒 Joshua Wong , Singapore Embassy in Washington DC

Make it right for Singapore: Speeches in Parliament, 1997-1999
AMAZON.COM
Wayang king at work. But is anyone watching?
May 20 ·

The US government still hasn’t released Amos Yee despite Amos’s asylum being approved by Judge Samuel B Cole. We suspect that the Singaporean government might have a role in interfering in a US court’s ruling that the Singaporean government acted against Amos in bad faith and that Amos should be granted political asylum. As a result of Amos’s numerous prolonged stays in detention his psychological health is suffering. In the US, Amos has been placed twice in solitary confinement.

On the first occasion he was in solitary confinement for 2 weeks. According to Amos, he decided to attend a religious lecture with a visiting Imam. During that lecture Amos challenged the Imam claiming that Muhammad had left many violent statements in the Quran. The Imam challenged him to prove it, Amos asked the Imam for the Quran so that he could show him the verses, the Imam called security on Amos where he was immediately placed into solitary confinement for 2 weeks.

On the second occasion that Amos was placed into solitary confinement it was after he was visited by a reporter. The reporter believed Amos to be suicidal, the proper authorities were notified of Amos’s situation, and he was then immediately placed on suicide watch for two weeks. During suicide watch Amos was placed in a small cell, he wasn’t allowed any cell mates, he wasn’t allowed access to the common areas, he wasn’t allowed to shower, and had numerous other privileges limited during that time.

Amos is currently out of suicide watch but his prolonged stay in jail is only making his situation even worse. Amos is suffering under great psychological stress. We are disappointed that immigration authorities under the Trump administration would not uphold our Western values of taking in persecuted political dissidents; our country was founded on these principles. We can only suspect interference by the Singaporean government as there would be no other legitimate reason for Amos to be detained for so long after being granted asylum by the court. All updates on Amos’s page are being made on his behalf by people working on Amos’s case.

Remember Mother Mary telling us that he was faking it when he looked “lost” when he got out of detention here and that his claims of feeling suicidal when inside were lies? Funny her post on this was removed.

8 ministers from Oxbridge but still can cock-up?/ One-term Malay MP?

In Investment banking, Political governance, Public Administration on 04/07/2017 at 5:06 am

I tot the above when I read

At the peak of Japan’s 1980s bubble [Nomura] … recruited more Oxford and Cambridge graduates than any institution outside the British government.

FT

Nomura has since been struggling to be great again. It’s now ranked 17th among investment banks. In the 80s, it was ranked alongside Goldie, Morgan Stanley, First Boston (disappeared into Credit Suisse) and Merrills (part of BoA today)

Given that there are seven Cambridge graduates and one Oxford graduate (Desmond Lee) in our cabinet of 22 ministers, no wonder we are no longer great. Sad.

(The seven from Cambridge are PM, DPM Teo, Hng Kiang, Zorro, Gan, Heng and Kee Chui.)

Yesterday’s wayang and the preceding Lee family row could have been avoided if PM (from Cambridge) had not have gone to the cabinet about his doubts about the circumstances around the execution of the will and the cabinet committee headed by another Cambridge man had not decided to act on PM’s doubts.

As a PAP Malay MP (Likely the central committee is already looking for her replacement for the next GE) pointed out

PM Lee’s comments in statutory declaration may appear to be a “backdoor approach” in challenging validity of his father’s will.

MP Rahayu Mahzam

Err maybe she reads me or the FB postings of a really, really smart lawyer? No not M Ravi or Jeannette Chong. The guy votes PAP but his legal brain is as sharp as a razor.

Whatever, she has balls of steel or is a real sotong to believe “vigorous debate” means “vigorous debate”. Her Chinese and Indian colleagues know better.

Why own an asset that is not utilised 96% of the time?

In Financial competency, Financial planning on 30/05/2017 at 6:10 am

Especially in S’pore unless u are paid like a PAP minister.

According to the financial-ratings agency Fitch, the average car spends 96% of its usable life parked in a garage or on the street. When maintenance, depreciation, insurance and running costs are totted up, cars are the most underutilised asset most consumers own.

Economist blog

The only marginal seats in S’pore

In Political governance on 02/05/2017 at 5:53 am

There’s no official definition of a marginal seat but people often look at constituencies where the majority – the gap between the first and second placed parties – is under 10%.
BBC

In S’pore only Ajunied GRC fits that description. LOL.

In S’pore “marginal” is a gap of about 15 points it seems. What do u think?

Update at 10.39am: An honest mistake. A 14 -year kid pointed out that Punngol East is also a marginal seat. Must be from RI. But then what’s an RI boy doing reading and posting at this time?

Update at 10.55am: Somehow I don’t think Punggol East is going to be WP’s in next GE. The PAP had to kick up a fuss to get back PE money from WP town council.

Muslim drivers endanger the public

In Uncategorized on 15/04/2017 at 1:24 pm

Recently, I made a half-serious comment that Muslims should be banneded from driving because Jihadist terrorists have been killing in the West by “marauding”.  It involves using a vehicle to mow people down in a crowded area.

Here’s more evidence that allowing Muslims drive is as dangeous as allowing the “wrong” Muslim to lead a machine-gun unit* or fly SAF planes.

A lorry was driven into a Stockholm department store last Friday, killing four and injuring more. The Swedish police are holding a 39-year-old from Uzbekistan who had lived in the country for some time.

And even more evidence courtesy of the BBC when it carried a story on the Swedish attack:

Timeline: Vehicle ramming attacks in Europe and the US

  • 14 July 2016, Nice, France: A man drove a lorry for 2km (1.2 miles) through a large crowd gathered to watch Bastille Day fireworks in Nice. Eighty-six people were killed, and more than 300 injured.
  • 28 November 2016, Ohio, United States: An 18-year-old student rammed his car into a group of pedestrians at Ohio State University and stabbed others. Eleven people were injured before he was shot and killed.
  • 19 December 2016, Berlin, Germany: The attack in Berlin killed 12 people and injured 49, when a man drove a lorry through the crowded Breitscheidplatz Christmas market. So-called Islamic State said one of its “soldiers” carried out the attack.
  • 22 March 2017, London, United Kingdom: Five people died and at least 50 were injured when a car mounted the pavement on London’s Westminster bridge and drove at high speed through pedestrians. The attacker then entered the parliament complex on foot and fatally stabbed a police officer, before being shot.
  • 23 March 2017, Antwerp, Belgium: A man was caught by soldiers after he drove at a crowd. Knives, a non-lethal gun and a dangerous substance were found in his car – but no-one was injured. Terror charges were later dropped.

Still think Muslims should be allowed to drive in countries where non-Muslims are the majority?


*1999 Sep 18, Tanjong Pagar: “If, for instance, you put in a Malay officer who’s very religious and who has family ties in Malaysia in charge of a machine-gun unit, that’s a very tricky business. We’ve got to know his background. I’m saying these things because they are real, and if I don’t think that, and I think even if today the Prime Minister doesn’t think carefully about this, we could have a tragedy. So, these are problems which, as poly students, you’re colour-blind to, but when you face life in reality, it’s a different proposition.” Guess who said this? No prizes though.

Muslim terrorists are useless

In Uncategorized on 11/04/2017 at 8:33 am

Graph

http://www.bbc.com/news/world-europe-39540371

They don’t kill as many ang mohs in Europe as ang moh terrorists did the 70s, 80s, 90s and noughties.

 

CPF Life: Increasing the pot the PAP way

In CPF on 10/04/2017 at 2:08 pm

Maybe the PAP administration might want to do what the Brits did in increasing the m0rtality rate so lightening the burden on the state to provide pensions.

As CPF Life “beneficiaries” are pooled into either the standard or basic schemes, the more people die earlier than expected in each pool, better for the others in the pool and no need for the state to step in: fund no money, yr problem not PAP administration’s problem.

Seriously, I’m surprised the cybernuts from TRELand or Mad Dog Chee have not accused the PAP administration of using SingHealth to kill off S’poreans

A flu jab blunder that contributed to the largest increase in deaths in a generation may have brought unexpected benefits for Britain’s pensions black hole, according to the Daily Telegraph.

The Institute and Faculty of Actuaries says the increase in the mortality rate in 2016 – when the flu jab was mismatched for the main strain of influenza – has slightly reduced overall life expectancy for the over-65s.

Experts say the shift has removed about £28bn of pension liabilities from the balance sheets of leading companies.AP

 

 

The real size of the water protest rally/ Where are the cybernuts?

In Uncategorized on 13/03/2017 at 2:24 pm

More than 100 people gathered in Singapore’s Speakers’ Corner on Saturday for a rare protest against a government plan to hike water prices that has stirred discontent over sluggish economic growth and rising unemployment in the city-state.

Reuters

I hope Dr Paul, one of the speakers at the rally, and a numbers man is not disappointed at the size of the crowd.

Relative to our population, the crowd size is more than 12,000.

(The reasoning for this)

Still too bad that none of the KPKBing cybernuts screaming and ranting at the price hike didn’t bother to turn up. They could have made a difference. Gibert Goh’s first two immigration protests each drew a crowd of 5000. This worked out to be about 58,000 S’poreans at each protest. That got the PAP administration to wake up its ideas a little.

Assistance what assistance?

In Uncategorized on 11/03/2017 at 2:56 pm

Lawyers will soon get support from the Government to adopt technology in their law practices, under a new $2.8m scheme launched on Monday (Feb27).

The Tech Start for Law programme will fund up to 70 per cent of the first-year’s cost for technology products in practice management, online research and online marketing for Singapore law firms.

It was jointly announced by the Ministry of Law, the Law Society of Singapore (LawSoc) and Spring Singapore.

ST

LawSoc president Gregory Vijayendran said a recent study commissioned by LawSoc found that only 9% of the small- and medium-sized firms here used technology-enabled productivity tools. He said that cost was key reason for the low adoption rate. (lawyers prefer spending their money on Ferarris isit?

The programme targets the 850 smaller law firms here.

The five technology products identified under the scheme include practice management systems CoreMatter, Lexis Affinity and Clio; online legal research tool Intelllex; and online marketing tool Asia Law Network. These products typically cost firms between $3,000 and $30,000 to adopt.

$2.8 mil to help targeted 850 smaller law firms: so average of $3,294 per law firm. Even if only 774 firms (9% of small firms have spent on IT, see above), each firm gets $3,618. Each can only only one low end product.

Call that help? What a load of BS.

Might as well don’t bother.

But to be fair, lawyers are bad at maths. Juz ask the three lawyer MPs on AHTC who could be on the hook for damages, together with other TC members.

Comfort doesn’t know how to cut costs

In Uncategorized on 07/03/2017 at 10:28 am

Dr Ho calculates that if the firm changed the colour of its entire fleet to yellow, it would, over the course of a year, have to deal with 917 fewer accidents and would save around S$2m ($1.4m).

http://www.economist.com/news/science-and-technology/21718319-avoid-accidents-flag-down-bananamobile-yellow-cabs-are-less-likely-crash

Yellow cabs are less likely to crash than blue ones, says an NUS study.

Rich kids ALWAYs get into better schools

In Uncategorized on 06/03/2017 at 5:25 am

In England, state secondary schools cannot select their pupils on the basis of academic prowess (and no such thing as PSLE even though our PSLE is based on an ancient English exam, “eleven plus” to separate the clever kids from the not so clever) and must follow strict rules to ensure fair access to school places.

Yet

On the day that families in England and Wales are allocated secondary school places, research shows that the richest children dominate top state schools.

Analysis of data shows 43% of pupils at England’s outstanding secondaries are from the wealthiest 20% of families.

The study from education charity Teach First also shows poorer pupils are half as likely as the richest to be heading to an outstanding secondary school.

http://www.bbc.com/news/education-39076204

So want to give your kids an edge? Make money, serious money or inherit it.

LOL.

 

Watergate: MIW caught with pants down

In Economy, Environment on 02/03/2017 at 4:46 am

PAPpies and their running dogs in the constructive, nation-building media and academia and on social media say that the price of water hasn’t been changed for years, so we shouldn’t be getting worked up about the 30% hike (peanuts, really).

But 18 months ago, VivianB said (see below) there was no need to change the price because PUB has improvements in membrane tech and productivity and that the water tariff and WCT reflect the scarcity of water.

So what has changed in 18 months?

Either in 2015 (before GE) the PAP administration didn’t do their homework leading a minster to mislead S’poreans and parly, or in 2017 the cabinet didn’t read what the then minister said in 2015 when making the decision to raise prices.

But then maybe before GE 2015, PAP wanted to get rid of its “Pay and Pay” tag?

Kudos to whoever originally dug this up. I think it is Chen Jiaxi Bernard, a WP man. Well done.

Image may contain: text

TOC, TMG can rebut this?/ But then PAP is always wrong

In Economy, Environment on 25/02/2017 at 9:34 am

 

TOC, TMG (with a once (and future?) wannable Sith Lord)  and other anti-PAPpists have been complaining about the impending water price hikes.

 

No automatic alt text available.

Singapore MattersLike Page

Your bowl of mee pok is going to cost 30% more because water price is going up by 30%? Your cup of coffee will cost 30% more?

That’s FEAR MONGERING! Quit it!

Put that 30% increase in perspective. If your cup of coffee costs 30% more because water price has gone up, that’s called exploiting the water price increase to raise prices.

Taz wht we had the assurance of a junior minister that

the cost of goods, such as coffee and tea, “should not and ought not go up” when participants addressed the trickle-down effect that the water price increase.

TOC

Then what happens when prices don’t rise?

TOC, TMG and the cybernuts will then complain that sellers of coffee and tea drinks and food sellers are suffering.

Don’t know whether to laugh or to cry.

The PAP is so very lucky in its enemies.

Blur Tiger Mom digs deeper hole for herself/ Wrong KPI

In Uncategorized on 29/11/2016 at 5:25 am

A kiasu tiger mom gave her side of a story that has gripped local cyberspace. A newspaper article reported that despite her son getting straight As in her PSLE, she was unhappy that he got 231 points not the 250, she expected and had “punished” her son.

Her explanation showed her in a worse light. She was unhappy with her son because he got 230 points, not the 231 she expected? Wah lan.

As far as I’m concerned, I only want to know if the points he got, would get him into the school of her choice i.e. the “right” school. Nothing else matters. And no-one other than me seems to have asked this question.

PLSE points don’t really matter (bar bragging rights), getting into the “right” school matters.

All this fixation by her and S’poreans about the boy’s points prove my point that S’poreans work stupid from young.

I repeat, from young, S’poreans work hard but stupid, not smart. Who to blame? Blame the PAP administration who is responsible for the education system.

Lim Swee Say (http://www.theonlinecitizen.com/2016/11/02/lim-swee-say-improve-productivity-or-singapores-competitive-primacy-will-be-risked/) should have a word with the relevant minister of education.

I’ll end on a morbid note. Some wag posted on FB

The urgent thing now is to send an open letter to mdm soon’s kid, telling him if he can’t take it anymore, there are places he can run to for help. And put a list of counselling centers and homes for kids like him.

The real reason why productivity is so bad

In Economy on 06/11/2016 at 4:49 am

From young, S’poreans work hard but stupid, not smart.

Longest homework hours

1. Shanghai
2. Russia
3. Singapore
4. Kazakhstan
5. Italy
6. Ireland
7. Romania
8. Estonia
9. Lithuania
10. Poland
11. Spain

In Finland and South Korea, two of the countries with the best student performances according to PISA – the average time spent on homework every week was less than three hours.

http://www.bbc.com/news/world-europe-37873805

(More on the Finnish way: http://www.bbc.com/news/education-37716005)

All the above countries in above table have more than six hours of homework a week. So no correlation or causation between hrs spent on homework and PISA result.

I repeat, from young, S’poreans work hard but stupid, not smart. Who to blame? Blame the PAP administration who is responsible for the education system.

Lim Swee Say (http://www.theonlinecitizen.com/2016/11/02/lim-swee-say-improve-productivity-or-singapores-competitive-primacy-will-be-risked/) should have a word with the relevant minister of education.

Update at 7.45 pm: More evidence we work stupid from young

The OECD’s top 10 highest performing graduates

  1. Japan
  2. Finland
  3. Netherlands
  4. Sweden
  5. Australia
  6. Norway
  7. Belgium
  8. New Zealand
  9. England
  10. United States

http://www.bbc.com/news/business-37649892

We not on it

As BBC says

It casts a light too on how an efficient school system might not translate into success in higher education.

South Korea and Singapore, both high achievers at school level, are below average in the graduate rankings.

Thanks to Chris K for the info in update.