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Signs of decline
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redbean



Joined: 07 Mar 2006
Posts: 13985
Location: singapore

PostPosted: Wed Aug 29, 2018 8:17 am    Post subject: Reply with quote

Singapore National Games – ‘Pian Ah Peh’
Singapore’s masters athletes signed up in full force to run in the Singapore National Games 2018. Everyone was there for a bit of fun and camaraderie. Nothing much was expected except for the individual athletes to try to do their best for a PB or to test their timings.
In the course of two weekends at the Home of Athletes in Kallang and Bishan Stadium there were a few pleasant surprises for the ah pehs and the ah mahs participating in the competition.
The first surprise came when they were told to open a PayNow account as all winners of individual events would be receiving a cash award. Wow, that’s a nice thought regardless of the amount. All the ah pehs and ah mahs happily gave their names and ICs/mobile numbers and agreed to register for their respective PayNow accounts to await the cash awards. Oh, they knew that no cash awards would be given to individual event winners except for overall winners of the respective age groups. That was stated in the rules and regulation of the Game.
The next pleasant surprise was when uncle and team won the 4x100m relay event. Again we were told that we would be receiving a cash award which we knew the rules and regulations said no. Only winners of events with 4 teams or more would be entitled to cash awards. We took it with half belief. The cash award was confirmed during the prize presentation ceremony when a letter stating the cash award in black and white was given to us. Too good to believe but it was a nice feeling.
The organizers cannot be so stupid to make such mistakes, to tell us that we would receive cash awards and even presented us a congratulatory letter with the amount stated. We were all very happy for such surprises. No one is complaining for sure. How can a nation going to turn itself into a smart city make blunders by saying one thing and doing another? We went home and registered for our PayNow accounts and very hopeful that we would be richer by a few dollars.
We waited and waited but nothing was deposited into our PayNow accounts. Then we received confirmation that all the pleasant surprises were just pleasant surprises and too good to be true. The only thing that we don’t believe is that the organizers could made such elementary mistakes and telling us things that should not be. This could happen in third world countries but not in a first world smart nation. We are going to turn the city into a smart nation. It is not that we were hard up for the few dollars that we knew we were not entitled. But the false hope was unnecessary. Was the false hope a gimmick to con the ah pehs and ah mahs to open PayNow accounts that otherwise they would find no reason to do so? Is this another ‘pain ah peh’ exercise? The mistakes were totally unwarranted. The organizers knew the rules, could not be so blur or so stupid to commit such basic errors right?
The ah pehs kena ‘pian’ another time. Or at least the ah pehs in my relay team were. We were presented medals for winning our events. We were at the podium and Kunalan the sprint legend shook our hands and placed the medals over our necks and photographs were taken. After the presentation ceremony we were told to return the medals. Why? Because nothing was inscribed on the medals. The medals were blank, no description of which event they were meant for. They promised to call us to return the medals to us after inscribing the events on them.
Three weeks have gone by and we even asked them what had happened to our medals. So far no reply. It seems that no one bothers after the end of the Game. It’s over. Let’s move on. We paid to run in the competition and the least we could expect is our medals. Did we kena conned again a third time? Cannot be lah. I think they are running short of metals and have to return to the mines to get some to mint into medals. And this would take time especially if the metal is coming from Australia or some foreign land. And it would take more time to print the words on the medals before delivering the medals to us. 3 weeks after the event is a short time. Just be patient. The Ah pehs must wait for their medals, hopefully they will arrive before the next National Games in 2019.
I think the Indonesians did a better job in Jakarta in organizing the Asian Games. At least the winners got their medals on the same day, after the event. Some, like the case of the swimmers, had their names printed on a certificate on the spot. That’s efficiency. How smart are we as a smart nation? Or is it smart nation but stupid people?
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redbean



Joined: 07 Mar 2006
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PostPosted: Wed Sep 05, 2018 8:26 am    Post subject: Reply with quote

Seah Kian Peng – Lighting a small fire
Seah Kian Peng’s criticism of Thum Ping Tjin for inviting Mahathir to bring democracy to Singapore and the remark ‘it appears quite clear to me that PJ Thum does not wish Singapore well’ is like lighting a small fire that threatens to burn down a forest. This comment is read by Thum as calling him a traitor is ‘ridiculous and unfounded’. No decent person would be comfortable to be on the receiving end of being called a traitor to his country.
The accusation has fired up two opposing camps, with those supporting the group that met Mahathir calling it baseless and a more dangerous development for the group that supported or believed in Seah Kian Peng’s finger pointing. The result as reported in thenewpaper is “‘a torrent of accusations of treason’ and death threats against the group”. Hopefully this is just wild reactions from the hotheaded and nothing more and nothing untowards happened to the threatened group of people.
Seah Kian Peng might have noticed the ginny out of the bottle and is calling for some calm and decorum and ‘not get personal or abusive’ about the matter. It is just a matter of ‘different viewpoints and we can agree or disagree and be civil about it’. It is good that Seah Kian Peng saw the severity of the accusation and reactions from the ground and wanted to lower the temperature. And since it is just a matter of viewpoints, hopefully there will be no follow up threats of calling Sue or police investigation on the group and Thum in particular. He added, “It is regretful that I see all kinds of abusive remarks that are made by many different individuals (and trolls) against each other. I do not support such types of comments, regardless of what views of positions they take.”
The master has spoken. Would the trolls or doggies stop barking and stop biting? It must be quite frightening to Thum and his group to be branded traitors in the media and by a MP of the ruling party. OK, Seah Kian Peng did not use the word traitor on them, but it is how they felt and perceived and how the trolls and public read and reacted to it.
I hope the general public would be mature enough to see the nuances and the real stuff and not be misled by any silly comments. Can I say let’s move on? Or would there be more sinister things brooding?
PS. Napoleon has unleashed his attack dogs to bite.
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redbean



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PostPosted: Fri Sep 07, 2018 8:24 am    Post subject: Reply with quote

AWAS - Sick minds at work
The MHA has issued a statement that Thum PJ and his group have crossed the red line for inviting Mahathir to bring democracy to Singapore. My eyes are rolling. What, what? Is democracy a bad thing for Singapore? Is not Singapore being telling the world that it is a democracy and not a dictatorship or any other not too nice sounding political names?
Let me put it in a different way. Would someone be crossing the red line for asking Xi Jingping to bring more investment into Singapore, or to bring the BRI into Singapore? The question to ask, are investments and BRI good for Singapore? Or would it be the same if Thum and group called on Mahathir to support the HSR?
Oh, the key is Mahathir is a foreigner, so calling a foreigner to do anything that is good for Singapore is crossing the red line, interfering in Singapore’s domestic affairs, even if it is good for Singapore, like democracy. Ok, I am assuming, I am assuming that democracy is good for Singapore. Is it or is it not?
Oh, does Singapore want democracy, does Singapore have democracy? For Thum and group to ask Mahathir to bring democracy to Singapore implies that Singapore does not have democracy or lacking in democracy? Tiok boh?
This is indeed funny. Does Singapore have democracy? Is Singapore a democracy? Why is bringing democracy to Singapore a bad thing, that Thum and group do not wish Singapore well? Bring democracy to Singapore is not in Singapore’s interest? Bring more foreigners to take over Singapore, oops, to become Singaporean, to steal Singaporeans’ lunch is good for Singapore, no crossing of red line?
Actually what did Thum, or actually Tan Wah Piow, invite Mahathir to do? It was reported that Tan Wah Piow asked him to bring democracy or to talk about democracy in SE Asia, not Singapore in particular. Well all pegs are round pegs as long as you hammer them hard enough into a round hole. This kind of contorted logic or injustice would be turned around when political power changed hands. By then the traitors would become the angels and the angels would become traitors. That day will come, it is a matter of when, like in Malaysia or in any country or empire for that matter. Nothing is forever. The wheel of fortune would turn and pity the rascals of the last empire or regime or the last emperor.
What do you think?
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redbean



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PostPosted: Fri Sep 28, 2018 8:25 am    Post subject: Reply with quote

Professor Lam Khin Yong – Singapore’s top scientist
In the news, thenewpaper reported, ‘For more than three decades, Professor Lam Khin Yong has pushed for scientific research that impacts society and has personally played a key role in shaping Singapore’s pool of scientific talent.’
The Vice President of NTU ‘pushed strongly for collaboration between industry, academia and public agencies and led multiple mergers and organizations, such as the Institute of High Performance Computing.’
For a life time of work, the professor was the recipient of the President’s Science and Technology Awards, the country’s highest honours for scientific achievement.
With such an accomplished academic, a full fledged Singaporean, why was there a need to go around the world to head hunt third world academics to head our universities? Why are Singaporeans not good enough, after contributing a life time of good work to benefit Singapore and Singaporeans, to head our academia?
When would Singaporeans like Professor Lam be deemed good enough to be head of NTU? Would it be easier for him to take on a foreign citizenship then be scouted from across the globe by foreign headhunting companies before he is good enough to head NTU? Would he be made President of NTU earlier if he was an angmoh or foreigner?
There is a saying, a prophet would not find honour in his home town. A local talent would not be recognized at home, only foreigners are considered good, because you did not know the full background of the foreigners. A local, probably you know him well, with all the scars and black spots, so not too attractive.
It would be sad if highly qualified and accomplished Singaporeans would have to make way for unknown foreigners for top positions in our very own country and have to be hired by other countries, to be recognized by other countries than their own countrymen.
There must be many distinguished Singaporeans academics in our midst waiting to be found to head our academia but found wanting by their Singaporean decision makers because the grass over the fence is greener. Ang moh tua kee or foreigners are better than Singaporeans. Fake or dubious certificates are tolerable, bearable, acceptable, no crime.
What do you think? If a country does not nurture and promote its own talents and always looking out for foreign talents, its own talents would have lesser chance to gain the experience and recognition in top positions. And the sillies would say they don’t have the experience, the exposure, because their fucking country would give the opportunity to foreigners to gain the exposure and experience.
What do you think?
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redbean



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PostPosted: Fri Oct 05, 2018 8:17 am    Post subject: Reply with quote

Scoot Mayday, RSAF F15 scrambled
Man fined $4,500 for Scoot bomb hoax. This was the headline of thenewpaper yesterday. When I read the content I could not even cry, could not even laugh. My jaw dropped in disbelief. This is another classic story of stupidity has no cure for the record. I will just state the facts as reported in thenewpaper and let you guys wonder what it was all about.
A man, Hsu Chun Meng, was flying off to HatYai on a Scoot flight. His hand luggage was too big to fit into the overhead luggage compartment and the stewardess told him he had to check in his baggage. She also asked him if he had any prohibited items in the bag. He replied, ‘Nothing, only bombs.’ The stewardess stared at him and he replied, ‘No bomb lah. Joking. How can it be?’
When the plane was about to take off, the stewardess reported the incident to the cabin crew in charge. The latter tried to contact the captain but unable to do so as the flight was about to take off and the cockpit door was locked.
She only managed to talk to the captain after take off and the captain followed the established protocol, made a Mayday call and flew the aircraft back to Singapore. The plane was carrying 179 passengers. A fighter aircraft was scrambled to escort it back.
The man was subsequently charged and fined $4,500 for the bomb hoax.
These were the facts. Over to you guys. Laugh if you can, cry if you want.
Stupidity has no cure? What do you think?
Key points. If it was a real bomb and not a hoax. If it was a joke….
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redbean



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PostPosted: Mon Nov 19, 2018 8:25 am    Post subject: Reply with quote

Asean Meeting is about angkat Mahathir




The recent Asean Meeting with the big powers is about praising Mahathir and carrying his balls. The rest are just side shows, irrelevant.
Read this as posted in theindependent website and it tells succinctly what the whole meeting was all about.

'This past Monday, Dr Mahathir and his wife Dr Siti Hasmah arrived in Singapore for a 2-day official visit, at the invitation of Singapore Prime Minister Lee Hsien Loong. Besides meeting PM Lee and his wife Ho Ching, President Halimah Yaacob and Emeritus Senior Minister Goh Chok Tong, Dr Mahathir and his wife also had an orchid named after them.



One of the highlights of the official visit was NUS’ conferral of honorary doctorates to Dr Mahathir and Dr Siti Hasmah. Dr Mahathir studied medicine at NUS in Singapore for about six years in his younger days. NUS is his wife’s alma mater, as well.'


I dunno who is the silly bugger that formulated this angkat Mahathir exercise and dunno what they want to achieve. And they think Mahathir is so easy to angkat, to flatter and taken in and to appreciate and reciprocate kindness with kindness? This shows how shallow and lack of understanding of who Mahathir is. Mahathir is a willy old fox with very set mindset on what he wants to do and nothing is going to change him once he decided. He will demand his price for his water, build his third national car and to build his crooked bridge come what may.

To me, the easiest way to deal with Mahathir is time, playing with time. Time is something that is against Mahathir. The max he has is less than 2 years before passing the premiership to Anwar. And in all likelihood he may be called to his maker anytime, today or tomorrow or the day after. Just play with him, negotiate with him, talk to him until the cow comes home, but not agreeing politely, postpone, delay, will check with the boss, will call back. Set the next meeting as long as one possibly can, needs time to study the details, to check the legal and political implications etc etc. Just wait for him to go.

The angkat Mahathir exercise is so amateurish and Mahathir must be laughing himself insane. How these boys are trying to please him, to make him happy, make him feel big and important is incredible.

This is so unbelieveable, so childish in diplomacy. A little flattery may be tolerable and amusing, but over doing it is something else.

What do you think Mahathir would be thinking? What do you think the Malaysians would be thinking? What do you think Singaporeans would be thinking?

Punch above our weight or go down on bended knees?
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redbean



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PostPosted: Thu Jan 17, 2019 8:22 am    Post subject: Reply with quote

SingHealth hacker known: Iswaran
The govt has confirmed that they knew the hacker of SingHealth confidential data of its patients. It disclosed that ‘the attacker was skilled and sophisticated, and had the characteristics typical of an advanced persistent threat group, usually state-linked’. The govt has taken appropriate action but would not identify the attacker due to security reasons. Ooooh, why so?
Iswaran was quoted in thenewpaper as saying, ‘We want to ensure that all Singaporeans understand that we’ve got nothing to hide here, we want to get to the bottom of it as much as Singaporeans do.’ But the govt would hide the identity of the attacker, at least this is what the govt has done, nothing to hide except for this.
Who is the attacker, he used this in singular form, an individual or a single country? Why is it so secretive that the attacker cannot be revealed? He is someone very important that revealing his identity would be very embarrassing? Is he someone we know, we trusted but played out Singapore? Could he be a hired foreign talent still in Singapore that would result in many red faces, or a Singaporean or a new citizen?
Or is the attacker a country, a friendly country that we trusted as our good friend but again played us out by screwing our ass? Or is the attacker country our enemy, too big to offend, we are afraid to offend other big country because we dare not punch above our weight? We are a small country and must shut up, no more loudspeaker politics? I think taking such a meek stand would only encourage the offender to continue to hack into our system knowing that we can only blow hot air but unable to fight back, we are afraid.
Would it not be better to make it public for all to see who the attacker was, friend or foe, to embarrass them so that they would not dare to create mischief against us again? Remember the time when LKY exposed the Americans for trying to bribe him just to embarrass the Americans to prevent them from thinking that it was ok to do such mischievous act?
What is so secretive or embarrassing that the culprit cannot be named? Someone’s identity needs to be protected, the attacker’s identity needs to be protected? Whose interest is being protected by this non disclosure? Is the attacker a minor so cannot be named?
Weird! BTH.
PS. I agree with many of the comments here that this is not funny but fishy. What is the govt afraid of? No more balls in between the legs?
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redbean



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PostPosted: Sat Jan 26, 2019 8:47 am    Post subject: Reply with quote

Housing prices in Singapore seriously unaffordable
"House prices in Singapore are considered “seriously unaffordable”, with a median multiple of 4.6, which means that the median house price is 4.6 times the city-state’s median household income, according to an annual survey...

Conducted by urban planning policy consultancy Demographia in Q3 2018, the 15th Annual Demographia International Housing Affordability Survey (2019) covered 309 cities in eight countries, including the United States, China (only Hong Kong), the United Kingdom, Australia, Singapore, Canada, Ireland and New Zealand....

The survey found that Hong Kong has the world’s least affordable home prices, with a median multiple of 20.9, up from last year’s 19.4. Vancouver came in second, while Sydney, Melbourne and San Jose came in third, fourth and fifth, respectively...."

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

When I read the article I was kinda, what, how could this be, who dared to make such a comment? For a moment I thought it was a local media. On double checking I was relieved that it was reported by Yahoo Online. That made sense.

A report like this is as good as slapping our ministers for saying that housing prices are very affordable. Ok, let me be very specific here, the ministers must be talking about public housing like HDB and it is a conscious govt policy to make public housing very affordable for Singaporeans, like having a $1,000 monthly income can also afford one. And for doing that the HDB is losing billions annually to subsidise the public housing for the people.

Surely the report must be talking about private properties and not about public housing. I think it is safe to make this assumption. If not, if the comparison is about public housing, then the govt would be very unhappy and someone would likely have to say sorry and explain and even correct this mistake. Singapore's public housing is so affordable.

Even if it is about private housing, I disagree with the survey findings. See, Hong Kong's median housing price, I don't know what this mean, is 20.9 times the median household income. 20 times, you believe it, and we are only 4.6 times! That means our housing is very cheap compares to Hong Kong. We have a lot of room to grow, for prices to go higher, at least 10 times, and still quite a distance from Hong Kong. We must compare apple with apple and Hong Kong is the most like us, so we should measure ourselves against Hong Kong. Thus 4.6 times is really very affordable, not seriously unaffordable. Agree or not?

In the same article there was a link to another article claiming that 88% of Singaporeans are very unahappy with the high property prices. I think that must also be fake news or misinformation. How could it be? Singaporeans are the happiest lot, property owners, and the most supportive of the high property prices. They all stand to gain, to be paper millionaires, owning million dollar HDB flats with prices that can only go up and up.

The best proof that the report and linked article are fake news would be the result of the next GE. If the Singaporeans are unhappy, it could mean the end of the PAP. My take is that the PAP would continue to enjoy mass support with more than 75% majority votes.

You can disagree with me.
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redbean



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PostPosted: Wed Jan 30, 2019 8:23 am    Post subject: Reply with quote

Foreign talent spreading HIV patients' particulars



The HIV-positive status of 14,200 people, and their identification numbers and contact details have been leaked online by an American fraudster, the Ministry of Health (MOH) said on Monday (28 January)....

The leaked information included their name, identification number, contact details such as phone number and address, HIV test results and related medical information.

The details of another 2,400 individuals identified through contact tracing up to May 2007 were also leaked, MOH added....

On 22 January, MOH was notified by the police that confidential information from MOH’s HIV Registry may have been disclosed by an unauthorised person. MOH made a police report the following day....


The confidential information wasin the illegal possession of Mikhy K Farrera Brochez, a male US citizenwho was residing in Singapore, on an employment pass, between January 2008 and June 2016, according to MOH.

Brochez was convicted of numerous fraud and drug-related offences in March 2017, and he was sentenced to 28 months’ jail.

He had lied about his HIV status to the Ministry of Manpower, in order to obtain and maintain his employment pass, furnished false information to police officers during a criminal investigation, and usedforged degree certificates in job applications....YahooNews

'In an interview he gave the local press in 2010, Brochez – who flaunted the fake qualifications “APA, APS, MCollT, MS DPSY, DipED” – boasted that he learned to speak, read and write fluent Hebrew, Spanish and English by the age of three.

He added that his mother, a supposedly “renowned professor of child and adolescent psychology, childneurology and gifted science and mathematics education in the UK” namedDr Teresa King, trained him.' Comment posted by Anonymous in mysingaporenews.

The above two quotes, from Yahoo News and a comment posted by anonymous likely quoted from the main media, are very disturbing. But not to worry, many people responsible for preventing such dangerous nonsense from happening again would shrug it off as one of those things, something to bear with as we must open our leg wide wide to bring in more 'foreign talents' aka wild life to give this piece of rock, barren of local talent, a new life. The beautiful picture of the 'foreign talent', so sweet looking, a child prodigy, must be seen as good material to add to our gene pool to make daft Singaporeans more talented and for the better. Many daft must be dying to sleep with him and benefited from his rich DNA.

For those who are concerned about the well being of this island and its people, they must be wondering how to make sure that such wild life would not get in here so easily to replace our 'useless' PMETs. It is easy to quip about opening up and bringing in more foreign talent aka wild life, tagging along with their fake degrees, fake resumes and unknown background. The big question is whether there is an infrastructure of institutions and systems to make sure that all the fakes are checked and rid of. When you have no means of verifying the certificates and resumes of these wild life, every hire is a RISK, high probability of a fake.

In this case, it is so clear that a little effort in checking the background of this wild life would expose his lies. Or is this a case of too big a lie that awed the interviewers and employers, ang moh tua kee, they could not believe such a big lie can be false? The person or persons hiring this wild life without checking need to be fired. You just have to google the people he bragged about in his resume would be enough to find out he was lying. Did they bother? When he was first tested positive at SATA, was there any follow up to track him and bundle him out of harms away and away?

This guy and many of his kind would be laughing themselves silly at the stupidity in this island and paying them big salaries to replace our 'useless' PMETs. Oh, his child prodigy status is real and genuine. It needed extra talent to make so many people looked so silly for so long without knowing that they were being misled by a fraudster.

Another case of this foreign talent myth is about to begin in the Sports Hub. It's 'untalented' Singaporean CEO is booted, oops resigned after a year, and they are going round the world to look for another wild life. Who decided that the CEO should resign, foreigners? What are they looking for? You do not need a foreign talent to run a chicken rice stall selling to locals. They want to bring in all the top events in the world to this island for who? This is another red herring like looking for another foreign coach to turn the national football team into a world beater.

After so many years of independence and gloating about being a global city, a nation, we just cannot nurture our very own talent and must depend on wild life, many from 3rd World countries, from little villages in the jungle, many with dubious and fake qualifications. So many of the local institutions are still run and managed by foreign talents and wild life. Goh Keng Swee, and the pioneers that built this nation must be turning in their graves if they know that many top positions in the island are helmed by so called foreign talents, often by wild life with unverifiable of fake degrees like this case. What is the purpose of nation building and pride of a nation and its people?

At the rate it is going, if Singapore is not going to train its own talents, not giving Singaporeans a chance to be talents, this country would be taken over by foreigners and wild life in a matter of time. The task of checking the qualifications and background of foreigners and wild life is not easy and often near impossible. Should this be an acceptable risk, never mind, no need paper qualifications, can talk their way through and pretend that they can do the job will do? Stupidity has no cure.

The decline of this island into the 3rd World is imminent. How many fakes are there in our midst and managing and kicking our 'useless' over qualified PMETs?

PS. There is no need to educate and train Singaporeans. Close all the institutions of higher learnings. We can hire all the foreign talents cum wild life we need from the rest of the world cheaply. Singaporeans can do the donkey work of manual labour and no talent needed jobs, like drivers, security guards, cleaners and delivery men.

Just wait for more serious security breaches in the ministries and GLCs that irresponsibly allowed foreigners and wild life to manage and control their sensitive and secret data and operating systems. When that happens they will announce more COIs and tell you that they will make sure it would not happen again. For now, nothing happens, so it is ok, very safe with foreigners and wild life in charge and in control. Oops, just give them a pink IC and call them Singaporeans, instant citizens, instant Singaporeans, like instant trees. Everything is fine....
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redbean



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PostPosted: Fri Feb 01, 2019 8:28 am    Post subject: Reply with quote

SingPost mails in rubbish bin
The postal service has been impeccable for several decades with mails reaching their destinations in clockwork precision. Today, 30 Jan 19, thenewpaper reported that mails and parcels were found in rubbish bins in Ang Mo Kio affecting 17 blocks. This ugly incident has been happening for quite a while. It is not an isolated incident. Waiting for another COI to be set up to understand and solve this problem.
My personal experience with my clients for the last few years did not speak well of SingPost. I received several complaints from clients that their contract notes did not arrived or arrived several days late. My response was that such contract notes were computer generated and would have gone out daily and could not be wrong from the company’s side. And I was always right.
The importance of mails reaching their destinations needs no further explanation or emphasis. If the mails did not reach their recipients, many problems will occur especially important mails, notices and bills. Many people must have been affected by receiving bills late and got penalized with late fees. One Mr Tan in thenewpaper article said he had been paying late fees of about $50 for several months. Should the affected people be asking for refund from the responsible party for this?
There could be more serious consequences when important mails are late or not received like summons or legal letters. Just saying sorry for late mails and lost mails is not enough.
Worms are starting to crawl out in many parts of the island, notably MOH. Hey 3rd World, wait for me, we are coming. We were so proud of our systems that everything use to work at the flick of a switch.
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PostPosted: Sun Feb 10, 2019 8:16 am    Post subject: Reply with quote

Singapore's failed systems
Top of the list is the broken CPF system where the people saved as much as 37% of their monthly income, at one time 50%, but cannot afford to retire. And everyone pretending not to see the cause of the disappearing money from the savers and the system is now tweaked for the people to save into their retirement fund for as long as they live even if they are 100 years old. And the perception is that it is easy to put in but very difficult to take out because they alleged that all Singaporeans, Ah Kongs and Ah Mahs would want to splurge their money in Batam and Bintang for sex tours. As they said, a white lie, told long enough, some people would believe in it. In this island of daft, all would believe in it to the extent that many daft resigned to the fate that their CPF savings are no longer their money.

The Home Ownership system where the people were told that they were owners of 99 year lease public housing and that the value of their flats would only go up, an asset for retirement. Now every one of the believers is in shock that it was a big lie. They are not owners but tenants on 99 year lease and the value of the flats would become zero at the end of the lease. There go their assets in smokes.

This is not all. They used to build enough flats that the waiting time was only a few months until some ass, probably wanted to create the impression of very high demand to drive up prices with less supply turned getting a flat a nightmare, having to wait for years. And they still think this is the right thing to do when housing is a basic need and public housing is to serve this purpose.

The Education system is also a failure as the country could not produce talent and needs to replace the locals with third world talents from cheap village universities and graduates from degree mills or with fake degrees. The situation is so bad that ministers even tell the people not to waste time with university education in one of the most expensive education system that ended up with degrees that cannot be eaten or to find decent jobs.

The public transport system, the MRT, once the pride of the nation, now struggling to pass a day without breakdowns. And yes, it got so bad that they have to look for foreigners working in poor and badly run train systems to work here and to help to maintain the broken down system.

The snail pace of the SMRT can only be matched by the really snail pace of the postal service when mails used to arrive in a day or two now could take weeks, months or not arriving at all.My credit card was sent on 2 Feb and still has yet to arrive, probably lost or in the rubbish bin.

The shipping system, once the life line of the country, now sold to foreign owners. Singapore, one of the largest port in the world, now does not own a shipping line and at the mercy of ship operators that can divert their ships away from Singapore port.

The stock market that once was a thriving market providing employment for tens of thousands of people is now dying and waiting to meet its makers.

And there is the very wasteful car population scheme that killed cars that are 10 years old and still in good running condition.

Dunno what to say about the Ministry of Health. People say can die but cannot fall sick as they will die of shock after seeing the medical bills. And the frequent breaches of health security including protection of health records and personal data.

Sovereign funds that brag about making millions and millions but not showing its accounts and leaving the people in doubt as to its real performance, only told to believe in the profit numbers they claimed to have achieved. Are they broken and also failed systems? Cannot tell, no need to tell, trust them.

Compulsory health insurance schemes that collected millions and billions but paying peanuts when needed.

Finally, not the least, a bankrupt political system that pays millions to politicians but getting only mediocre quality candidates and mediocre performance. The only thing good about the political system is that it makes every politician rich and millionaires.
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redbean



Joined: 07 Mar 2006
Posts: 13985
Location: singapore

PostPosted: Tue Feb 12, 2019 8:11 am    Post subject: Reply with quote

How bad is cyber attack?



'In her recent speech regarding Cyber Risk Management Project’s ‘BasheReport’ Launch on January 29, Elean Chin, division head of Monetary Authority of Singapore, cited that in Asia, cyber-attacks are disproportionately higher compared to other regions....

Earlier reports claimed that the Asia Pacific had the highest number of unfortunate incidents regarding security issues in the first half of 2018.



Nearly40% of global cybersecurity activities and 30% of breached records werereported worldwide. In terms of financial losses, Asia lost US$1.75 trillion in 2017 or about 7% of the regional GDP caused by cyber attacks.

In a report released by the Cyber Risk Management (CyRiM) project, a well-planned global cyber attack can be initiated through a simple sending of an email that could bring an economic loss between $85 billion and $193 billion. The report was co-authored by Lloyd’s of London, Aon and other CyRiM partners....' Source Channel News Asia

The quantum of damages at US$1.75 trillion lost in Asia alone is staggering. How much was lost from Singapore corporations? None or cannot tell?

These attacks are likely to come from external sources and all the defensive and protective actions and measures are to put up firewalls and mechanism to stop them from getting in. In a way this is like our NSmen, all trained to defend an external threat but oblivious to the Trojan Horse already in the city state in the form of 2 million foreigners with many engaged in top level IT jobs, guarding our IT systems. How precarious is this? No, the stupidity has no cure disease does not see any threat from so many foreigners dominating and in charge of our IT systems.

All it takes is one of these foreigners to turn rogue and a bank can have all its money in the system emptied within minutes, gone into thin air, in the cloud. While so much effort have been spent to block external threat, the most serious threat is from within, the people hired to do the job, to guard and protect our systems and data. with several thousands of them in the job, in the industry, how high is the chance of a few of them attacking our systems and data?

Trust them? Is this the way to continue to go on with so much trust in unknown foreigners in charge of our systems and data? It was Sri Lankan national bank that was hit. Now it is Bangladeshi national bank. When would be the turn of our national bank?

Would not happen?

PS. The Bashe report seeks to put emphasis on the cost and negative effects of any serious cyber attack. The report noted, in case of a major attack that came from Asia, for the next 24 hours, data installed in 30 million electronic devices could be encrypted. In turn, this couldimpact over 600,000 companies globally or about US$19 billion in financial losses.
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redbean



Joined: 07 Mar 2006
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PostPosted: Wed Feb 13, 2019 8:33 am    Post subject: Reply with quote

SGX, a state of denial
The Incredible Shrinking Singapore Stock Market – by Bloomberg
For the last five years, delistings have outnumbered listings. Does it matter? Not as much as you might think. By Livia Yap and Tom Redmond 12‎ ‎February‎ ‎2019‎ ‎
Robson Lee had a decision to make. In his more than two-decade career as a capital-markets lawyer in Singapore, he’d helped more than 30 companies list on the country’s stock exchange, bringing to market everything from a grocery store chain to a pawnbroker. Business had been good, but it was starting to dry up. Lee decided he had to get out. “I saw the decline,” he says. “That’s why I moved.”
That was in 2014, when more companies left the Singapore Exchange than joined it, with S$8.4 billion ($6.43 billion) in value disappearing from the public market….
The exchange’s fortunes have only gotten worse. For the last five years, delistings have outnumbered listings in the market, which had 741 companies at the end of December last year, down from a peak of 782 in 2010. In 2018 the money raised from the 15 SGX initial public offerings, excluding depositary receipts, fell to just S$710.6 million, while 19 companies departed—a net outflow of S$19.2 billion in market value. …
Many of the businesses that have left the exchange in the past few years are well-known in Singapore. They range from GLP Pte., one of the world’s biggest warehouse owners, to Osim International Pte., Asia’s largest maker of massage chairs. …they see as low valuations in the city-state, are seeking more liquid markets that can generate higher stock prices. For example, Lee says, sofa maker Man Wah Holdings Ltd. was taken private in September 2009. Within six months, it was relisted in Hong Kong at about eight times its market value….


The dying Singapore stock market has been staring in the face of the govt, MAS and the SGX. The above Bloomberg article only confirmed what is going on. But no one seems to be perturbed by this sorry state of affair. Either they are in a state of denial or just did not know what to do next. And often they were trying to explain away the problem by pretending that it is ok, normal to be in decline, and some even pretended that this was good. Think of Ah Q mentality.
When would they wake up and face the truth and seriously do something before it is too late? Admittedly Singapore is a small market and cannot compare with the advantages of Hong Kong and even neighbouring SE Asian markets. But to spout nonsense like it is normal for more delisting than listing is telling like when other markets, especially Hong Kong, are getting more listings than delistings. The SGX has now been overtaken by Thailand and Vietnam.
The quality of listings here, as mentioned in the first paragraph, are petty companies that were good enough for Sesdaq or Nasdaq equivalent while the prized and highly valued companies gave this island a miss. Does this say anything? The days of grabbing all kinds of shitty companies to list here were wasted opportunities for not defining the role of the stock market and finding a niche market instead of trying to be big just for being big’s sake and ended becoming a rubbish dump. Not forgetting the billions that small investors have lost when these unaccountable, untouchable and unable to control companies just delist or just let the stock values go to nought. They don’t care about their listings here, where there is any value or no value.
Now the market is filled with many worthless little super penny stocks that only help to undermine the quality of the market and affect the valuation of otherwise quality companies. Good companies are delisting and bad ones remained or wanting to come in because no one wants them.
Whither the stock market without a clear vision and mission and with a pretentious ambition of overtaking Hong Kong as the choice market in Asia? More dangerous derivative trading is going to run this sinking ship aground. Running out of ideas and hibernating in a cocoon, not wanting to see the truth would only expedite the death of this stock market. Its existence today is like a child in ICU and everyday is a bonus.
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redbean



Joined: 07 Mar 2006
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PostPosted: Sun Feb 24, 2019 8:47 am    Post subject: Reply with quote

Another insensitive and stupidity has no cure event in NTU
The Nanyang Technological University‘s (NTU) Japanese Appreciation Club has drawn flak for hosting a Japanese Cultural Festival, which was touted to be the student club’s biggest event, on 18 Feb – the same date that saw the horrific Sook Ching massacre unfold, 77 years ago.

The Sook Ching massacre was a systematic purge of perceived hostile elements among the Chinese in Singapore by the Japanese military during the Japanese occupation of Singapore and Malaya. The operation was overseen by the Imperial Japanese Army’s Kempeitai secret police.

The devastating genocide, which took place from 18 February to 4 March 1942 at various places in the region, occurred a mere three days after the British colony surrendered on 15 February 1942 following the Battle of Singapore.

Thousands of Singaporeans died in the purge. While Japan officially said that fewer than 5,000 deaths occurred, Singapore’s founding Prime Minister Lee Kuan Yew has said that “verifiable numbers would be about 70,000”.

In 1966, Japan agreed to pay US$50 million in compensation, half of which was a grant and the rest as a loan. They did not make an official apology....

The above is posted in theindependent.sg. Shaking my head. What is the root of NTU? Singaporeans must know their history, the good and the bad, to know how far they have come. Do not forget your past.
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redbean



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PostPosted: Tue Feb 26, 2019 8:25 am    Post subject: Reply with quote

Government looks beyond disinformation in targeting foreign influence in Singapore


SINGAPORE: Speaking in Parliament on Feb 12, Senior Minister of State for Law Edwin Tong opened a second front on Singapore’s war on foreign influence.

Withlegislation already on the cards for deliberate online falsehoods (DOFs), the Government’s attention has shifted in parallel to specific foreign and state actors, intent on interfering in Singapore’s domestic politics via other means.

Quite apart from dealing with lies and disinformation campaigns, which were well documented via hearings of the Select Committee on DOFs last year, Mr Tong stressed that “in the physical world, foreign actors may also interfere in our domestic politics through the use of proxies, by funding or donating to politically-involved individuals and organisations, or by taking on key leadership roles in their organisations”.

Substantiating his point, Mr Tong used the examples of foreign interference in the politics of Australia and New Zealand, channelled through political donations.

Read more at https://www.channelnewsasia.com/news/commentary/deliberate-online-falsehoods-legislation-singapore-fake-news-11263036


The obsession to control the media, main and social media, is likely the real reason to start a Singapore version of McCarthyism here. The social media is so great a threat, main media is not as it is well controlled and regulated, so new laws are needed and the hype of foreign influence through social media must look like a real and present danger.




Now the next phase, threats from foreign actors trying to influence the country's policies. I can only see the USA as a country that continuously hyped on threats to its national interest as it needs to protect its empire and its dominance in the world. Now Singapore is like copying the American hype of threats and threats relentlessly, but for what? Singapore does not have an empire to protect, neither does it have to protect its dominance in the world?




The real threat to Singapore's security is the presence of millions of foreigners from one or two countries that would change the demographic pattern of the population where political power is based. The huge concentration of any particular nationality is a grave concern and this is not even talked about or taken so lightly. The foreigners are so nice, so peaceful, so obedient, would not even commit crimes. When the day the foreigners turn against us, it would be too late as too many are already here and many in high places, even in the govt holding key positions.

We have brought in a Trojan Horse with a few million foreigners inside and waiting to explode.




This is not a threat to our national security? We are afraid of a few individuals trying to influence our policies and not afraid of the millions of foreigners on our soil, inside our country? The quoting of foreign influence in Australia and New Zealand is uncalled for as it is an indirect interference and meddling the affairs of other countries and would only incur the wrath of affected countries.




When you do not want others to interfere in your internal affairs, it is best not to interfere with the affairs of others. Do not do to others what you do not want others to do to you. Remember the South China Sea island dispute between China and the Philippines? Now the Philippines are an ally of China, not even bother to mention about the fake and scandalous court rulings.

With so many foreigners with dubious intention in the island, we are waiting for a major crisis of grave proportion to destroy the peace and stability in this island. Does anyone care?

The foreigners are taking over our island with our eyes wide open but not seeing.
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