Can still remember ten years ago we were standing in the
rains in Hong Lim Park our first protest rally against the Papies White
Paper of 6 millions.
I can clearly remember as my son took home a shelter dog who had recently jusy passed on nine over years with us.
Many fone and memorable memories.
Daft Sinkies now at that time boh chap, boh hiew now working mostly as menial workers.
As second ans even third class citizens in own country.
Now, how many millions already entrenched in Sinking Land?
Sad
sad indeed to see so many of our young doing all sorts of menial jobs
that our first and second generations built for them a better life.
Only to be destroyed by an incompetent and supposed to be better electrocuted hands holding auto pilot useless current leaders.
My
daughter graduates NUS 2000 and first ten years in A* and also worked
during the Pandemic as Lab technican testing urgently day and nights to
fight the Covid Virus.
Now worked as a Home Care Assistant.
My
son with triple or even more dipolmas and degrees kept upgrading and
upskilling in supposed to be a skilled sure surety IT professional as
prompted relentensly by the lips serving Papies now worked as a menial
worker parking bicycles for a supposed new technology innovations
technology bike sharing company.
What's has happened to our iwn?
Instead of better lives than us they are now worse off than us.
Luckily, both of them are now in their early and late forties with no families of their own.
A real blessings.
Looking at the young families of today with their kids, cannnot but felt a sense of comprehension for them.
What's their future be like?
Whats sorts of Leaders we have now without any visions.
Only now just sebok going round to hunt for what's innovations industrial industries.
Someone get those half past six Western obsolete industries.
Too proud and bananas to turn to China with their never ending innovative technology for our young to have a fighting chance.
Sinking Land is dead with only their internal economy of building more and more BTO flats for sale to the 10 millions.
In time of Recession and Great Depression, it would be a worse scenario of the burnings and killings in the UAssA and France.
Anyway, no eyes see.
Likewise our present corp of Chia Liao Bee Leaders who also be gone to the " See Thien" or the West to see their Makers.
They
will collected their immense WEALTH now and just patted their backsides
with no eyes see the sufferings of the new generations.
Anyway,
think also the bananas current young deserved their fates as they are
still in slumberland lining up days and nights just for concert tickets
instead of looking at their perilous no futures.
Virgo
19 comments:
Real wealth is related to 'health'. Hearing the news of rich wealthy young actors, singers and members of whatever 'Pop' committing suicide in their prime, raises the question about what is wealth and fame. Everything is temporary and transitional. One cannot take along whatever one accumulated in this life.
Incidentally, wealth is not the only reason for achieving happiness. It could be a curse.
The Poster waa a die-hard idolater of Lee Con You like many of the Pioneer and Merdeka
Generations. They even
volunteered to do the Biddings of the Pappies, not able to foresee the Plight they were creating for their successors.
No one was to be blamed for their Blind
Loyalty and Reverrence to a master K9 trainer.
Many were mesmerized.
Now, hit by the Consequence of foolishness many are living in regret and remorse.
Sadly there is no cure for the Mistake made.
I always find it strange that many seem to think that Pioneer and Merdeka generation all support the PAP. That is a misconsception of sorts. True, women of that generation do give support to the PAP unquestionably, but to say that of men is quite misleading.
You need to sit at coffeeshops and old folks corners where most oldies frequent (and sadly not the younger ones) and the reality hits. All kinds of vulgarities are thrown around at our leaders and Pioneers and Merdeka generation cannot be generalised as PAP blind supporters. That is a gross misconception.
Ask RB himself. I am sure we are not the only two that disagrees with the generalisation.
Right you are Anon 11.57
Cheers and Bravo!
This clown 11.41 is a Brainless Idiot or Imbecile or Nincompoop knows only Poops.
If this Poster is a Die Hard Pioneer and Mereka Idiot that only voted and worshipped the Papies he wont be lamenting his piece.
He would simply blamed his Stupidity and kept quiet.
Anyway, Credits to be due where Credits are due.
In the beginning, no one doubt the First Generations Leaders of the Papies did a wonderful job.
The Past generations who voted for them are smart and pragmatic and this clown cannnot just generalised that they are stupid still voting the same.
Past Leaders like GKS and HSS etc are visionaries who are visionary enough to plan the future and thus why the First Two Generations can build Spore from Third World to the supposed First.
GKS brought rapid industrialisations and cajoled with the other also visionary Ministers of Education etc to coerce and persusded our old young in pursing the revelent skills that are needed for our past econmy.
That's why you can see so many of the old are doing well and okay in the past.
With their big big 5 roomed and Condoms and even even landed properties.
Now the current corp of incompetent ones are just on Auto pilot the NOT earned good tines and even Traitous to have all the so far created just Servile industries even to outsiders and NOT even to our own.
Now the youngsters and even the oldies are staying in dungeon 2 roomed cannot see sunlights pigeon holes cells and riding bicycles with prides as been brainwashed by those able to afford ones to be their norm transportation so as not to queue them.
And the Sinkies believed them and swallowed every propaganda bait line and sinker.
A Minister monthly rent that a Peasant Sinkie could not even earn in a year.
Anyway, sad to say, this is trend in a Capitalist Society as created by the Western Capitalists.
You die your business. Ours term maybe just a term of four to five years and we are NOT like the PRCs where we called them EVIL Sosialists or Communists where we brainwashed them to be EVIL that they took the pains to ensure that their Nations prospered and their citizens survived the next hundred or thousand years.
Just to add.
Happened now to go thru the Shits Times and two different headlines.
One: Supply Chain Management offers new job opportunity
What's new jobs opportunity?
Still the old Servile Logistics Economy where every country can do and do better than you.
What's upgrading of skills?
Is'nit the same still the same Logistics and Transportation Line?
Conned by the Imbeciles that theirs are new Techno Smart Start Up Enterprises that are also Pirate Cabs with only their Computerised Booking Systems.
What's Fools!
2) China announces 11 foreign aid projects to court developing countries.
The you should have harnessed their offers to have their expertise and knowhow for our young to have a fighting chance.
Why? Still too smug that your are smarter than the PRCs?
MOT. Be joining the Western Allies in begging for FOOD.
https://linksharing.samsungcloud.com/yOeokt6gFQIO
https://www.channelnewsasia.com/singapore/speaker-parliament-tan-chuan-jin-apologises-unparliamentary-language-jamus-lim-3619931
Hi Clear eyed
Even the Mats from just across the Straits had better lives and prospects here
Own Sinkies employers employed them than our own.
Even those lower and mid echelon jobs.
See how many thousands rushed back to Matland when the Lock Downs was lifted.
So much for our Sing Sinkapore.
Singaporeans in delivery jobs whilst Mats especially their Chinkees in White collars office air con jobs.
Air con. Sinkies kena conned and baked in sun.
Heads Must Roll, No Excuses Please!
Temasek posted a $7.3 billion net loss for the 2023 financial year ended March 31, its first time in the red since a $6.7 billion loss in 2016.
Mr Rohit Sipahimalani, Temasek’s chief investment officer, said that Singapore in the near-term faces slowing global growth and elevated inflation against a challenging economic backdrop.
Mr Dilhan Pillay, Temasek’s executive director and chief executive officer, pointed out key challenges in the future.
“For the first time in decades, sticky inflation and tighter monetary conditions are manifesting themselves in significantly higher interest rates. The investment climate has become much more complex than what we have encountered since the global financial crisis.” He added that several factors portend lower global growth and lower real returns, and are challenging issues that investors will have to grapple with.
Mr. Sipahimalani graduated from St. Stephens College, Delhi University with a Bachelor of Arts (Economics) degree and holds a Post Graduate Diploma in Business Management from the Indian Institute of Management, Ahmedabad, according to Fullerton Financial Holdings [
https://www.fullertonfinancial.com/profile/rohit-sipahimalani ].
With high salaries from the entity come high expectations to make profits for the entity. If profit targets are not met, or worse, losses were made, then the personnel should be axed. That's the professional pressure we faced when we were working in the Treasury department of the banks here.
Those foreign artistes are coming here in droves to reap the skin off the bananas. But never mind, living off debts is acceptable. It is important to be able to just 'Keep up with the Joneses'. That is the important part of living it up.
Housing loans, car loans, study loans can be paid off in from future earnings, provided they have a job, or they can hold on to their jobs. By the look of things, not all is rosy going forward, with exports floundering, cost of living rising and job prospects getting scarce.
I have lived through those times in the sixties and it was no fun. But the saving grace was I do not have debts to worry about.
Speaking as a Mat, you see me good, I see you good, the grass is always greener.
Mat white collar go SG because no good future in Mat Land. Yes, the conversion rate 3.50 is one factor but that's not the only factor. Their children will have better education, better prospects outside Mat Land. Many have opted to become Singaporeans. After all, Singapore & Malaysia are cousins, sharing many things like culture, food, language & family bond.
20+ years ago, many of our top talents left, people who would end up being #1 or #2 corporate leadership position because they can see no future here (esp for the children). Today, our #1 & #2 corporate leaders are less capable people (shit floats to the top). You can see the sad state of corporate here today.
Corruption has become worse, almost all are resigned to fact that politicians & gahmen workers take coffee money. Big big small small, they willingly take, no shame in it, no morals, heck even the religion political party head said corruption is not haram (forbidden).
This country is stuck in middle income trap; manufacturing are closing down shifting to VN TH ID, cant fight SG in financial service sector, commodities (palm oil, rubber) stagnated heavily reliant on foreign workers, corrupted administration & politicians.
I do see SG predicament, esp the CECA problems. At least SG still have a strong financial service sector. But SG should start to pivot east, see your biggest trading partner, it is not Murica.
https://www.todayonline.com/singapore/transport-minister-s-iswaran-assisting-corruption-probe-case-uncovered-cpib-placed-leave-pm-lee-2209691
Corruptions NOT only in Matland
Matland is what it is today can all be blamed on one man - Mahathir. Imagine, at his age, he is still out to destroy the country, still using racial issues to tear the country apart.
https://www.channelnewsasia.com/singapore/ndp-tickets-heartland-celebrations-getactive-singapore-festivals-2023-activesg-safra-3620186
PRs can apply for tickets to ND celebrations.
Sinkies now too sick and tired to see All these wayang hypocritical dramas.
Stand up for Singapore.
What's a Joke!
Temasek lost S$7.3 billion in 2022, gained S$76 billion in the pandemic – how did that happen?
You may have read it in the news already, Singapore’s state-owned investment company, Temasek Holdings, posted a loss of S$7.3 billion, or 5.07 per cent, for the financial year ending on 31 March 2023.
This is its worst showing since 2016, and the fifth time it’s gone in the red in the past 20 years.
Should you be worried? Is public money at risk? Is the loss going to affect NIRC (Net Investment Returns Contribution) that contributes over S$20 billion to the national budget each year?
No, no and no. Let’s explain.
What goes up must come down
Single year performance of any investment is inherently volatile as it’s highly dependent on the prevailing economic situation of the moment — and the past three years have offered the world quite a wild ride due to the Covid-19 pandemic.
As you can see in the chart below, Temasek posted a small loss for 2019/2020, before bouncing by a whopping 25 per cent a year later, after stock markets around the world posted record highs, inflated by multi-trillion dollar relief packages unleashed by governments in developed countries.
As we know, this bull market turned bearish quite rapidly, beginning in late 2021, throughout 2022, as high inflation began to bite and economic activity dwindled. Russian invasion of Ukraine in February last year made matters even worse.
For comparison, S&P 500, stock market index tracking America’s largest 500 companies lost nearly 10 per cent in the same period as Temasek.
Meanwhile, Norwegian State Pension Fund — that I know many Singaporeans are aware of and like to compare Temasek and GIC to — posted a loss of 14 per cent within its reporting period (which is a calendar year ending 31 December).
It’s necessary to state that it isn’t necessarily indicative of worse or better management, as organisations owning hundreds of billions of dollars in assets typically do not shuffle their investments much on a year-to-year basis.
It is more a reflection of largely paper returns on their portfolio in a specific window of time and will vary depending on what happened within the dates defining it.
What matters most is the increase in asset value over time. Let’s take a look at that.
Profitable pandemic
Including the latest loss and comparing performance only against the last pre-pandemic reporting year ending on 31 March 2020 — right when Covid was breaking out — Temasek has made a total return of S$76 billion in that period.
Interestingly, the sum pretty much offsets the extraordinary expenses that Singapore government had to make in response to the pandemic, which have totalled S$72.3 billion for 2020 and 2021.
While this comparison isn’t exactly apple-to-apple, it does show that the broad scale of investment of Singapore’s national reserves provides a good economic cushion to even the worst crises.
Temasek’s loss is actually a profit
Here’s where the story of reserves takes another unexpected turn. What if I told you… that Temasek didn’t actually make a loss, but a profit?
How can you have a loss and profit at the same time? Did Schrödinger meddle with Temasek’s accounting?
“Temasek registered its first net loss due to a change in accounting standards [in 2018], as it had to take into account unrealised mark-to-market losses posted by companies in which it had less than a 20 per cent stake. CFO Png Chin Yee said that if unrealised gains and losses of sub-20 per cent investments were not included, the company would have had a net profit of S$14.7 billion.“
– The Business Times
You see, the problem is that over half of Temasek’s portfolio consists of unlisted assets, which do not have a current market valuation. Their worth is only estimated using mark-to-market methodology, that is based on known prices of similar assets.
Any gains or losses are recorded only on paper and hardly affect the company’s financial situation. No money is really lost, NIRC remains unaffected (as it is calculated on the basis of long-term performance, not annual fluctuations).
Secondly, Temasek has a significant stake in many businesses — chiefly in Singapore — acting as a de facto owner in some cases. Their performance is generally higher and subject to less volatility than open market investments.
Think, for instance, of Singapore Airlines that Temasek Holdings came to aid during the pandemic, equipping it for the inevitable reopening, leading the company to record results (like highest profit in history reported just two months ago), while its competitors are struggling.
Temasek is considerably more than just an investment company and its performance — good or bad in a given year — is not quite as black and white as it may seem.
Now they wayang and sebok that
Platform or lying on Platform workers to be taken care of.
With insurances and CPF's etc when nearly half of Singaporeans workers are working as thus.
No full time gainful employments for them except the Foreigners.
This crime against our young people is unforgiveable. Who commit this crime against our well educated young, turning them into underemployed people in our very own country and replacing them with thrash from third world country?
We don't owe anything to other country to employ their unemployed and solve their unemployment problems. We owe it to our citizens, our young to provide them with good jobs, not part time jobs, contract jobs, or low paying jobs when they are more than qualified to do better jobs.
Vote wisely if you want your children to have a better life in our own country. If you continue to vote blindly, and your children suffer, blame yourself for your own stupidity.
Mahathir is the root of all evil in Malaysia. He made it Malusia.
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