A shocking case in ST forum

A Lim Beo Thiam, 52 years old, and have been unemployed for the past 18 months. Business collapsed and lost a leg to diabetes. He was taken to court for arrears of $432 owned to Town Council for S&C charges. His debt kept ballooning. He wrote to the ST hoping that help is on the way. He must be one of those guys who have slipped out of the safety net. He must be desperate. It is shocking that such cases actually exist. I thought all the craps of people falling into hard times were fiction. Got such things in paradise meh?

I am terribly disturbed

I am very disturbed by the way Singaporeans look at problems and their inability to shift out the truth from all the information available. Many Singaporeans are complaining about the high property prices, especially of HDB flats. And we all know what is the main cause of the high prices. Now what is the problem? I have read letters and suggestions that in order to bring down the prices, HDB should build smaller size flats or build basic flats with bare concrete and bare fixtures like in the 60s/70s. Are these the cause of high prices? Don't Singaporeans know or understand that the high prices are caused by market pricing and the notion of affordability? If the supply and demand, and market pricing dictate so, if the affordability fiction says so, no matter how small is the flat, or how basic it is, it can go to $1m for a 300 sq ft unit. Come on Singaporeans, stop being silly. Stop being foolish.

Yes, we have destroyed her

Ris Low has resigned from the Miss Singapore World title. Let's pop the champagne. But wait, let's go one step further and burn her on the stake. This is the power of the pen. Having said that, I think Ris Low deserves to be the Miss Singapore World. Despite the persistent and vicious attack on her character, she took every blow gracefully. She stood tall among all the small people thowing shit at her. She smiled. She did not show any sign of anger, befitting her choice and status as a Miss Singapore World. She did not succumb to the pressure and break down. She resigned gracefully from the title and her parting words, 'This is actually the best for everybody...I just feel that it 'd be better for everyone, including the Singaporeans who are not very supportive of me going to this pageant.' She knew she had done wrong and accepted her fate. How many 19 year olds or even adults have not done wrong, or more horrendous wrong than Ris Low? The campaign against her was cruel. It was airing dirty linen at the lowest level in public. Why couldn't this be sorted out confidentially? Oh, it must be of great public interest. The ERM also handled the case well without adding more fuel to the fire. For the way Ris Low stood up and face the harsh attacks by some of the letter writers, she is every inch deserving to be Miss Singapore World. Many would have crumbled and suffered under such intense pressure. There was no kindness in the attack. She stood tall and took the blows.

Electricity tariffs up 12.7%

This is the amount of increase household has to cope with in their electricity bill from October 09. I have lost track on how much housing prices, both public and private, have gone through the roof. But thank god, the people are saved by the subsidies provided by the govt. So the high property prices are still affordable.

GIC $59b loss

The Wall Street Journal, 28 Sep 2009 SINGAPORE (Dow Jones)--Government of Singapore Investment Corp. suffered a loss around S$59 billion in the fiscal year ended March, making it one of the worst years for the sovereign wealth fund since it was established in 1981, a person familiar with the situation said Tuesday. "The equities investments suffered the most, followed by falls in property valuations. It was one of the worst years ever," the person told Dow Jones Newswires. Does anyone got a feel of what $59b means? If a private condo costs $1m each, $59b can buy 59,000 unit man. My guesstimate is that the sum of money could buy up all the HDB flats in Ang Mo Kio or Toa Payoh. That is what $59b means when translated to purchasing power. But no one is battling an eyelid for the loss of such a hugh sum of money. It is just paper money, some digits churned out by the accountant. On hindsight, GIC should have put in more money in CitiBank. If the investment in CitiBank was 10 times of what CIC put in, it could recoup $46b worth of profit in one go. Wouldn't that be nice? Ok, the initial collapse would mean many sleepless nights and shivering in cold sweat. But it would be worth it.

End of the Dark Ages

With the advent of cyberspace we are seeing the dawn of a new era of freedom in mass communication. The days when the govt controls all the modes of communication are over, or about to be over. Or at least we are now allow to hear alternative views and news. Gone were the days when the masses were fed with fairy tales, legends or stories of comic book superman and superheroes. Today we are seeing and hearing different kinds of heroes. In our local context we are hearing news and views that would not have the chance to see in prints. Now we have Ngaim Tong Dow, Seah Chiang Nee, Lucky Tan, Gilbert Goh, Alfian Saat, Tan Kin Lian, Andrew Loh, Choo Zheng Xi, Leong Sze Hian and many others who are saying things from the way they see it. Without them and all the infamous bloggers in cyberspace, we will still be like little children, reading fairy tales and comic books, and feeling very good. All bloggers should continue to contribute to the diverse views of truths and coloured truths, to challenge the truths in the old media. Only then can the masses break free from the oppression of one sided media transmission.

We are 5 million strong

Thanks to PRs and new immigrants, that's the front page news in 'my paper' today. Our population has hit 5 millions with the help of foreigners. We shall thank the foreigners for helping us to shore up the property prices as well. We shall thank them for providing jobs for our people. We shall thank them for helping to grow our economy, for without them we would be plunged into a recession or collapse. And thank you for helping to fill up the seats in MRTs and buses and the roads, and all the places that need people to patronise them. Without the foreigners we will be a dead city. Thank you, thank you. We are eternally grateful. And please come. We need another 3 million to reach our ideal target of 8 million. After that everything will be fine. We will not need any more foreigners or babies for growth when that magic number is reached. And our economy will continue to grow, and we will live happily forever.

Weeny warlords and draconian policies

Singapore is seen by the world as an authoritarian state rightly or wrongly. We have many 'draconian' laws ranging from banning of chewing gums, caning and the death penalty. From a Singaporean point of view, especially from the angle of law abiding citizens, such laws don't really affect them as they are targetted at the irresponsible and criminals. In fact such laws are seen as good by many, including foreigners who came from their land of disorder and near anarchy. This culture of handing down tough laws and policies have over time seeped into the veins of many weeny little warlords who have no qualms in dishing them out to the masses. One favourite item is to make things compulsory, even to the extent of impounding the people's money under whatever guises. And we even have jail penalty for commuters who cheat the bus company of a few cents. In today's ST, Goh Eng Yeow wrote a long article about the stiff penalty that the Stock Exchange is handing down to small traders for carelessness. The fine is a hefty $1000 for data entry error or a mistake that may be worth a few hundred or a few tens of dollars. Goh Eng Yeow's article explained fully the whole gist of the matter which he described as another form of draconian laws that this island is infamous for. The sad thing is that many poor buggers were punished for a small unintentional mistake. Maybe a $1000 fine is not worth mentioning in the eyes of the little warlords. What is $1000?!!! It is so little, so small, and people should not quibble over it. Well, when one can be fined for a few thousand dollars for chewing gum offence, this $1000 fine is not even close to a peanut. And nobody cares. Everyone of some importance will have more important things to do than to bother about little people being fined for $1000, rightly or wrongly. Small people should count themselves lucky if their heads are not cut off by the warlords within us.

No Yellow Ribbon for Ris Low

More efforts and revelations are needed to destroy this 19 year old girl. Do more research and dig deeper to bring out more unpleasantness of her life, and it is only a matter of time before she be buried and done away with. First it was her poor English. So she is bad. Now it was her credit card fraud. She was found guilty for cheating using stolen credit cards. This must have done the job. Attacking her for bad English was snobbish. Revealing her cheating conviction was hitting her below the belt. For the latter, I too find it difficult to defend her case. Having committed a crime is something that would put Ris Low and the organiser of the Miss World campaign in a very awkward position. And the attackers gone to town with everything they had against her. Oh, wait for more. It is not over yet. And I am reading very carefully between the lines to pull out the mastermind behind this whole sordid affair of character assassination in the name of good fun and righteousness. Forget about forgiveness, forget about Yellow Ribbon. Forget about gracefulness. We Singaporeans are just a bunch of rats! Talking about grace, forgiveness and having a Yellow Ribbon campaign is only an aspiration and not meant to be real. We are honestly just low down human beans. Let's bury Ris Low in the most humiliating ways we can think off and use the media to its best advantage.

The ideal Miss World, Singapore

The ideal Miss World, Singapore We have the best formula for what a Miss Singapore representative to the Miss World could look like. My prescription for the formula should include the following: 1.Tall, lanky lass from Northern China 2. Exotic physical attributes and endowments of Malay/Indonesian tribe 3. The English Language skill from India 4. The cosmopolitan culture of the Eurasians 5. And the brain of a Singaporean Put these together and get the experts from our Science Park to incubate a few specimens and in 20 years time we will have the best of Singapore ready for Miss World and Miss Universe. We have the expertise and resources to do what is needed Then there will be no necessity to assassinate another Ris Low.

Asia On The Edge pics4

The guy is Lim Yu Beng.

Asia On The Edge pics3

Sorry, can't recognise them.

Asia On The Edge pics2

Beatrice Chia is in green and Tan Kheng Hua in red.

Asia On The Edge Show pics1

This is a performance produced by Goh Boon Teck for The Arts House. The 30 min show is free and will be on from Thur to Sunday 27 Sep 09 at 7.30pm outside the old Parliament House . Any of you recognise Mark Richmond? The girl is one of the top local model, I think. Can't remember her name.

More than we can chew

Ngiam Tong Dow said that we may become strangers in our home. Don't worry, we are already strangers in some part of the island. Walking through Chinatown or Geylang makes me feel that I am no longer in Singapore. No need to mention Little India. We are becoming a minority in some parts of our homeland. I forgot to mention The Sail and many high end residential estates and Orchard Road. And we are hearing calls on how to integrate the foreigners into our society. Maybe a more practical way is to integrate ourselves into the ways of the foreigners. The docile, nondescript, voiceless and faceless Singaporeans are as good as non existing other than be a digit in the big number games. The newcomers are the ones doing the talking and telling us what we should do to be like them or else.... And according to a 19 year resident PR, Atul Temurnikar, '...failure to integrate newcomers can post political problems, the way it has done in some European countries.' It is an early warning. Europe is big. Each of the European state is much bigger than we are, in physical territory and population, and the problems they are facing with their migrants are mounting. Could we tackle these same problems when our time comes? Maybe we can if we grind the numbers in our calculators. It is all a number game and with money, nothing is impossible. I enjoy the way the $10m integration fund and campaign is being turned into a joke. Maybe it really is.

A shitty article written by a lump of shit

Thursday, September 24, 2009 Singapore hopes for an end to its shame They must be spitting razors in Singapore’s corridors of power as I write this. ...... Imagine then the outrage, the fury, the sheer indignation felt in the island city-state at the certainty that their country will now forever more be associated with easily the most blatant example of crookedness in motor racing and one of the worst ever in the history of sport itself. The 2008 Singaporean Grand Prix could hardly have been more execrable. Nelson Piquet Jr. was ordered to crash his car by his bosses at Renault in order to force a safety car episode at a time which so suited his team-mate Fernando Alonso that he went on to win the race. Formula One is now thought about as a mafia-controlled, vile sport where anything – even people’s lives – is expendable. Because of the skulduggery of Flavio Briatore and his loyal lieutenant, Pat Symonds, the first ever night-time Grand Prix – an event which was supposed to showcase the best of Formula One’s glamour and pizzazz - is now linked with the ludicrous new word “Crashgate”. Oh dear. It does not take too much imagination to see that some hapless government official or minister from the appropriate government department was probably summoned to the office of Mr Lee Kuan Yew – who, although well into his eighties, now sits in the Singapore cabinet of his son, the Prime Minister, as Minister Mentor – and had heavy objects hurled at his head. The above is an extract of an article by a joker by the name of Gitau Githinji posting in his blog in UK. And he called himself a writer. I can't imagine that the fraudulent crash by the Renault Team is now a Singapore problem and Singapore should be ashamed of it. What kind of shit did he store in between his ears? His full article is at http://gitaugrandprix.blogspot.com/2009/09/singapore-hopes-for-end-to-its-shame.html

Myth 211 - Public housing cheaper than private properties

Most Singaporeans believe, superficially, that public housing are cheaper than private properties. Is this true? In truth, public housing is expensive like hell. Let me use some simple statistics and formula to prove this. Just like there are many formulas and creative ways of computing affordability of public housing, let me prove that public housing is really expensive relative to privately developed housing. A 5rm HDB flat at $500k for 99 years will cost $5000 a year to the owner to live in the property. A private condo of a similar size at $1.5m for 999 years or freehold, will cost the owner $1500 a year. Can this be true? Of course it is true. A 3000 sq ft landed property could be had for $2.5m or $2500 a year. And this is double the size of a 5 rm flat. The govt and the banks should review their housing and loan policies. I would suggest that the govt build public housing for foreigners and repackage private housing with 999 yrs or freehold lease for Singaporeans. And the banks should allow Singaporeans to repay the loans in 3 or 5 generations or more. A 100 yr or 500 yr loan and the borrower needs only to service the interest computed annually at a special rate like the HDB's. With the 999 yr or freehold property as collateral, and appreciating in prices, the borrower can choose to liquidate when the price doubles or triples, or continue to let the descendants to service the loan repayments. The bank has no fear with an appreciating asset in the bank vault. Such an approach will see Singaporeans owning 999yr/freehold properties while foreigners live in 99 yr public housing. Of course the quality of public housing can be upgraded and the price be according to market pricing. Think about it.

Downgrading the quality of living

Without any hassle or hullabaloo, Singaporeans are downgrading their quality of living and paying more for it. In my personal view, a family of 4 hardlanders, their lives are not much to talk about anyway, but they should deserve a living space of at least 1000 sq ft or 90 sq m. They are human beans too. But this is subjective. Some may think that 600 sq ft should do the trick and some may be more generous and think 1500 sq ft should be more decent. It all depends on what one would consider decent and comfortable. I think going anywhere lesser than $1000 sq ft is going down to living like dogs in a kennel. We are human beans and we need some decent space to live reasonably comfortably. I would suggest that the govt should use this as a guideline in their estate planning and as a yardstick for decent living. And not to forget, the people should not have to strife a life time to pay for such a small space. Yes we have limited space. So don't crowd it by bringing in more foreigners, aspiring a 6m or 8m population. A family of 4 in less than 1000 sq ft is bad. Anyone who thinks that it is good should be prepared to live in one. Please don't use Tokyo or Hongkong as a reference point. They are bad examples. And please don't use Africa to say how lucky we are. We need to live better and in bigger and better space, not in smaller and more expensive space. Call it the people's dream, or aspiration. Does the govt share the people's dream?

GIC profit - another version, another truth

Thursday, September 24, 2009 Who is responsible for GIC's profit? (A tale of 2 news paper report.) Who is responsible for saving GIC's hide? Lee Kuan Yew and his team of fund managers or Barrack Obama and his team of advisers? If the US govt decided not to approach GIC to convert to common stock in Feb, do you think they would have recouped their losses and managed a profit? Their original conversion price was $26.35 not the $3.25 they received in Feb. The Straits Times is bragging that GIC had the foresight to invest in banks that were too big to fail. That is very dangerous- betting on what the Federal government decided to do instead of market and company fundamentals. GIC was lucky this time. But what about UBS? Is it making a profit? GIC should thank their lucky stars that Lehman collapsed before Citi. The sudden collapse of Lehman made the Federal govt realise that they had to intervene and bailout the banks.... The above was copied from an article posted in http://singaporeanskeptic.blogspot.com/. It presented another version of the truth.

China's spokesman said...

China will never let Singapore draw away Chinese gamblers to the island. China's spokesman Steve Wynn said this when addressing the press on his IPO listing in Hongkong. Below is the detail of the AFP report. Wednesday, September 23, 2009 Wynn: China & Macau Govt Will Never Let Spore Draw Away Chinese Gamblers AFP HONG KONG — Las Vegas mogul Steve Wynn said Wednesday that China has relaxed travel curbs for Guangdong residents visiting Macau, giving a boost to the Hong Kong listing of his casino group next month. "It is a macro-economic consideration by the central government," he told a press conference. Asked if he was concerned that Singapore, which will see its first casino project open by end of this year, will draw Chinese gamblers away from Macau, Wynn said it was unlikely. "Will the government of Macau and the government of China let it happen? I don't think so."