11/11/2009

Chinese netizens attacked LKY

Chinese netizens were fuming mad and were up in arms over LKY’s speech in the US when he was presented with a Life Time Achievement Award by the American business community. In his key note address to the audience of American elites, LKY stated his stand that the presence of the US in Asia is welcomed as a balance against the growing might of China. He commented that even the combined force of India and Japan would not be able to stand in the way of a much stronger China, militarily and economically. The Chinese netizens were angry that LKY was in a way inviting the Americans into the region to be a balance against Chinese influence. And more than a week has passed, and all is quiet on the eastern front. I was hoping to hear or see some robust response from Singaporeans to defend the Mentor Minister. But I should have known better, the apathetic and kiasi Singaporeans will not do or say anything. What about the politicised Singaporeans or the politicians? Would they defend LKY against the attack by the Chinese netizens? Or should they? The only response came from Hsien Loong and for the rest, silence is golden. Maybe we will see a more robust reply in our Parliament when the MPs met. Or at least they could ask some questions if they did not bang tables and chairs. Or maybe the issue isn’t worthy to waste parliament’s time. Better to spend time talking about fore play and ethics. Now, what am I talking. Sorry, I meant fair play and and ethics. The reticence of Singaporeans when confronted by a hostile mob could be the consequence of our culture of depoliticisation. We were bred to keep our mouths sealed, see nothing, hear nothing, say nothing or do nothing. Unless, like Jack Neo said, if the govt said do then we do lah. In this case no signal coming from the govt, so no need to do anything. Letting LKY stand out alone to face the music does not look good. But on the other hand he does not need anyone to fight his battle. He is good enough to take on anyone. Then again, what is so wrong with his speech in the US? He was there, and said the things which his hosts wanted to hear. And with the hosts showering him with so many kind words, he was just being polite to return the kindness. What is said for public consumption is not necessary the same as realpolitiks that were usually thrashed out in the kitchen. The baba has taken a long journey to become a China man. What could be in his mind?

Bring back the law to hang horse thieves

The financial crisis is stabilising and things appear to be settling down. The banks and financial institutions are nursing their wounds after trillions of dollars have been thrown in to save them. But the thieves, conmen and fraudsters are still intact, still in the game, stealing from these organisations. The banks can afford to fail and go bust. But nothing will happen to these thieves and their collaborators. How so? They are so talented that whatever that they are stealing from the organisations are legal and contractual, approved by the Board of Directors who in turn are paid handsomely by them. Brilliant. Whatever that will happen to the organisations under their watches, the thieves, conmen and fraudsters will remain free, respectable, above the law, and very rich. The APEC meeting is in town and one of the first recommendation coming out is on how to save and protect banks and financial institutions from going down. The wise men and women have proposed a long list of do's and don'ts, to tighten control and procedures etc etc. Someone even suggest that banks should buy more insurance to cover their positions. They forgot that insurers can also go bust. And who is to insure the insurers. But the most important element they forgot to safeguard is the thieves, conmen and fraudsters. These thugs are allowed to continue to do what they were doing, to enrich themselves by robbing the banks and institutions in their control. The wise men and women in town seem to have forgotten that there is nothing wrong with the banks and financial institutions but the people managing them and robbing them. My simple layman recommendation is to reintroduce the law against horse thieves. Hang them and confiscate all their ill gotten wealth and return them to the organisations they brought down. That is the only insurance against these thieves. They must be held accountable and be made to face the ultimate punishment. Nothing else will work. The thieves, conmen and fraudsters are working within and inside the system. Where is the resolve to clean up the system? Or are the thieves, conmen and fraudsters still at work and having a say in all these recommendations, to cover everything except them?

11/10/2009

Panic button or election fodder?

Not too long ago, the developers were trying to sell the line that 1000 psf properties are cheap and could even go higher. They knew their sums. More foreigners, limited land and limited supply, sure property prices must go up. Then some quarters were extolling the great virtues of our housing programme and how lucky we are compare to the mickey mouse flats and shoe boxes for rats in Hongkong, and selling at 3 times our prices. The message is that housing prices will keep going up and the sizes of flats will shrink. That is the future of Singaporeans. And there were quarters telling the people that public housing prices are affordable and good value for money. And supply is not a problem. Then a few days back, Chok Tong and then Mah Bow Tan came out to assure the people not to panic, don't rush in to buy, the govt will provide more affordable housing by putting up more land for bidding. It is like going to the toilet and the flats will be out in a few minutes. The MAS chipped in yesterday to warn of more measures to curb speculation if necessary. This is turning into something quite serious. Is all these panicky measures necessary? Looking from the positive side, Singapore has more than 800,000 units of public housing alone. If the govt could relax the sub letting rule and let all public flat owners to sublet their flats to foreigners, all Singaporeans could be instantly turn into landlords. In such a scenario, there is no need to build more flats. In fact the flat owners will be begging the govt not to build more flats. Squeeze the supply so that their flats can be worth $1m or $2m. Then they have the options to sell them or sub let them at higher prices. And all Singaporeans need not work anymore, just live on the income of their rentals. We will become a land of landlords. And we can increase the population to 8m and the people will be asking for more to increase the demand for rental flats. Foreigners will all be welcome. No need any campaign to be nice to foreigers anymore. All the flat owners will live happily with the foreigners as their tenants. And we will be number One again in integrating foreigners with our citizens and they all live happily together, under one roof. Won't that be nice?

11/09/2009

Another nail in the coffin of the American Empire

The Americans have just passed a health bill amounting to US$3 trillion to provide health coverage for the poor Americans. This looks good, generous and a pro people bill. But it does not address the causes of the high medical cost. America is just feeding the greed of the people in the system, from the medical professionals to the insurers and the lawyers. They are the ones who are benefitting extraordinarily from the poorly managed health system that generates billions into their pockets. Unless America stamps the extravagance in medical/legal/insurance cost, it is an exercise in vain. The hole will be bigger and bigger and will drag America into more debt. Now there are two big black holes, the financial system and the health system.

No greed in the animal kingdom

My experience in watching the animals and birds at Sungei Buloh told me one thing, there is no greed in the animal kingdom. The crocodile will not kill more than one prey. It kills only when it is hungry. So are other predatory animals. Even the stray cats will not kill unnecessarily. And the birds do not build more than one nest. They are contented with just one nest. The only specie that exhibits greed to the extreme is man. They not only want $10m, but $10b or even more if they could get their hands to it. And houses, the more the merrier. 10 houses, 20 houses or 30 houses, there is no limit to this acquisition. There is no such thing as enough in the mindset of man.

11/08/2009

A timely intervention

This incident happened about 40 years ago, when good men were in the govt looking after the welfare of the people. In the heart of the Singapore River was all the trading activities, and a few rice merchants were forming a cartel to corner the rice market. They wanted to make huge profits by controlling the rice trade and price. The consequence was that the masses, the common folks, would be at their mercy, paying whatever price they demanded for rice. The govt stepped in, ticked them off, ostracised them, and set up Intraco with the main purpose of keeping the price of rice and essential food affordable, not charging at market price and no need for subsidies. Just simple cost plus some profit. No need to explain until face green green and nobody believe any word spoken. The people till now are still benefitting from this timely intervention, and the price of rice did not go spiralling up to a point of being painfully affordable. Those were the good old days with good and selfless people in charge and caring more for the good of the people. They were paid well, but not extravagant. These were the good records of a good govt that is for the people. After all the kpkb in cyberspace, we are having two assurances, one from Chok Tong and another from Mah Bow Tan. How would these turn out? As long as the bidding for land mechanism, market pricing, 'subsidising market price' policies are not changed, nothing will change. The price of properties will continue to spiral upwards. And the new mantra is that micky mouse flats or shoe boxes are good for living, a new lifestyle, and cheap too, at half a million for 400 sq ft. Looks like the goal of a Swiss standard of living has been modified to a Hongkong standard of living. Could we hope for a timely intervention like 40 years ago?

11/07/2009

Some pics from Sungei Buloh

These are some pics which I took on a Saturday afternoon at Sungei Buloh last week. The crocodile at the top was taken on the same day. I used to think that the signboards warning of crocodiles were farfetched till I saw this guy at the first bridge after the main entrance to the reserves.

More pics from Sungei Buloh

Housing for the people -losing bearing, losing sight

Chok Tong's assurance of more affordable housing for the people is being met with a big dose of scepticism. Not many want to believe him and I can understand why. Unless the details are work out wit a big change in the arithmetics, it is going to be 'more of the same and nothing new'. The media is splashing across its pages with news of many more sites being offered or going to be offered for more private housing. That's where the demand is, probably from rich foreigners. One developer quoted in the media commented that the sites in Simei and Pheng Geck Avenue could fetch $1000 psf on completion. So what is new? $1000 psf is the new standard of affordability. There will be more on offer. Singaporeans can watch with their salivas dripping from their mouths while the rich foreigners will grab them up, some from ill gotten gains transferred here as new money. As one forumer, Joshua Selvakumar, wrote in the ST forum, how could prices come down when the bids by contractors are going higher by the day? He quoted a 'surprise bid of $251m' which was three times the trigger price of $82m. Who is going to pay for such a high bid? No need to ask. And there was a little comment by the govt that the sites on offer would be withdrawn if the bids fell below its expected price. Govt is not about making money, more money and more money. Govt is about giving the people a good life, the general well being of the people. Who cares about the trillions the govt has in the reserves? Who cares if they have lost hundreds of billions in their investment. What the people is concerned about are their basic needs, like a decent and affordable homes. Not the shoe box quality in Hongkong and the Hongkong prices. A reporter even compared this and said how grateful Singaporeans should be. if we reach such a state like in Hongkong, who is to be blamed. We don't need a govt that set these as the standard or quality of living for the people. If the land price is not controlled, no matter how many more sites are put up, the cost of housing will keep running away, out of sync. Housing, medical and education cannot be equated to a commercial enterprise with commercial aims and objectives, and making as much money as possible from the people. Are we going to have more of the same, more 'affordable' flats? Are the scepticisms of the assurance justified?

11/06/2009

A reassurance from Chok Tong

Last night heard Chok Tong reassuring the people that the govt had their interest at heart, citizens first and foreigners second. And the most important part, more properties would be made available and the government would "ensure that property prices do not fall out of sync with economic fundamentals." So basically he is saying that there will be more flats at affordable prices. Unfortunately 'more and affordable' are two words that are getting out of sync with the people. What is more when each cohort of citizens is about 30,000 heads and HDB sold less than 5,000 units of flats last year? When 30,000 people got hitched, there is a demand for 15,000 units and even at 50% rate, the demand is for 7,500 units. Out of sync or in sync? What about the additional demand from another few hundred foreigners, PRs and new citizens? Obviously 'more' means different things to different people. No need to explain further about the definition of affordability. It is totally out of sync from the hardlander's definition. The CPF was primarily a retirement fund but now would be emptied for the first 30 years to pay for an affordable flat. I agree that there will be plenty of CPF left if everyone will to go for a 2rm or 3rm flat. But the reality is that this is not the expectation of a Swiss standard level of living. With a huge chunk of money being used to pay for a flat, and expectation to set aside another chunk in minimum sum and Medisave, and the people still expected to save for their retirement, where is the disposable income? A family income of $5k is also very tight with 2 school going children. Are we in sync or out of sync? But if you everyone is having a million or several million dollar income, then everything is smooth going. Everything is in sync. Please tell us what is more and what is the meaning of affordable.

11/05/2009

Correction to my HDB assumption

When I posted the article on 'Help save HDB' I used a ballpark figure of 20,000 units of flats sold for 2009. My assumption was way off the mark. I read from a report that the number of units sold was 4,736 units. Using a round figure of 5,000, 2,000,000,000/5,000, the deficit will come to $400,000 per unit of flat sold. Unbelieveable but it is true. I am prepare to change this number if anyone has a better number and wants to correct me. The $400,000 per unit is not only unbelieveable but incredible and even looks nonsensical.

More good news and good statistics

Foreigners are snapping up private properties in greater numbers. The numbers given in the ST shows that from 2007 to 2009, foreigners have bought about 20,000 units of properties here. If we are to extrapolate backwards, foreigners could have bought a few hundred thousands of private properties here. The good news is that more are coming in and buying. Another report says that Singapore is a choiced city for immigrants and there are enough in the waiting list to bring our population to 13m. This could easily triple or quadruple the prices of properties here, including those of public flats. The future of Singaporeans is so rosy. Wait for the 3rm flats to hit $1m and 4rm to hit $1.5m, and the bigger units in the $2m and more. Then Singaporeans can all sell out, move off to Lijiang or Chennai, or JB and Batam, build their own palaces and live there happily thereafter.

11/04/2009

Menu for cannibals

Spotted this item in the menu of a high end restaurant - 'Cajun & Hickory Flavoured Roast German Baby Rib'. In Singapore of course.

The political party that will last a million years

Hsien Loong has announced that the PAP is all ready for the next General Election. It has another slate of high calibre candidates all ready to serve the people. This self renewal process of a political party, running in clockwork precision is second to none in the world. With such an efficient party, recruiting the best people into its fold, there is no chance that any other party could ever think of unseating it from power. Then there are other great factors in the PAP's favour. A great record of 45 years of achievement. An electoral system that is designed by the PAP and is obviously more favourable to it. And there are all the machinery that counts during a general election that will be activated to support the party. And there is a grateful people all sold by what the PAP can do for them. How else can any party hope to challenge the PAP? The PAP is probably the only political party that is designed to rule forever. This is another uniquely Singapore invention. It is an infallible party.

11/03/2009

Singapore companies risk brain drain

According to a Hay Group report, and reported by Lee Hui Chieh in the My Paper front page today, 'Companies here may face a brain drain if they do not repay the "sweat debt" - or employees' sacrifices - that they chalked up during the recession, a global consultancy firm warned yesterday.' This is the most serious threat to Singapore companies to date. If they refuse to up the pay of their employees, many will quit and move from Jurong to Ang Mo Kio or from Raffles Place to Shenton Way. The workers will simply quit and look for companies that are willing to pay them more. And if this fails, they will move further ashore, to JB, Batam and maybe Chennai and Shanghai. Singapore companies must not take our world class, most productive workers for granted. They are in demand everywhere, from Ang Mo Kio to Queenstown to JB and Batam. And they will move. Where else can these companies find CBF workers except in Singapore, Cheap Better and Fast!? Cheap to hire, Better in work and Fast in moving if companies do not repay them their 'sweat debt'. Come to think of it, this 'sweat debt', this country owes a big 'sweat debt' to the old hags that are still crawling around, alive, or to their children and grandchildren for the hardship they went through to build this country to what it is today. When is this country going to repay them? Or better to take care of new citizens and foreigners?

11/02/2009

PAP Online, a welcome change

Blogging is important after all. PAP is getting serious about the information, feedback and criticism it is getting from the new media. It is going to engage the new media head on by empowering party members to debate with netizens directly. Long gone will be the days of sporadic responses by a few members or insurgents. Sporadic responses in the past should be differentiated from the sporadic attacks by wild people like MacDonald Bloggers aka Pee on it aka Empty Empathy aka Kristine, or better known as directless rubber aka emplorer aka awaking. I never believe that PAP will send this kind of hot heads to attack other bloggers. For if it does and kena found out, it will be terribly embarrassing. Netizens should brace themselves up to see PAP members coming out in the open to defend PAP policies without hiding under anonymity. This is a great leap forward to more engagement and discussion in cyberspace. And the good side is that PAP will have the chance of greater space to explain itself clearly, and the reasons and justifications for its actions. Now the fight is online. Again, who says blogging is a waste of time? If that be so, PAP will be wasting its time. No the PAP will not be wasting its time on an unworthy pursuit. Cyberspace is the new future.

11/01/2009

MacDonald bloggers aka Pee on it aka Kristine...

aka Empty Empathy is back. Remember the one who wrote things like directless rubber, emplorer etc? He is back. And he cleaned up his messages with all these infamous words in them. But he forgot that I was one step ahead. I copied those messages and gave it to my friends for safe keeping. It is in his file.

Small minds and big businesses

The land of Sintu was controlled by Godfather Ah Beng. It was not a big place but lying at the crossroad of the international drug trafficking route, it was where all the action took place. From human smuggling, vice, prostitution, gambling and drugs. And Godfather Ah Beng ran it as freely as he could by just collecting the dues for his retirement. And he spent his time partying with wine, women and song. As a result he was indisposed and left the running of his business to his son. His main source of income was prostitution. His son was not the only beneficiary. His mistress also owned a third of the business while his godson another third. The three ran the three cash cows separately under different entities and managements. It was a very closed cartel business and everything was within their control. As time passed, each tried to outdo the other to prove to Ah Beng that he/she could do better. The cartel protected them from new competition and they exploited the arrangement to the fullest. The prostitutes were like slaves to the three organisations, generating incomes to fatten them, which was all good and well. Then smart alec thinking appeared. They tried to compete with each other 'discreetly'. Three monkeys running the same business and trying to con each other by being discreet. Son brought in foreign prostitutes that were cheaper and better. His business prospers. Not to be outdone, mistress and godson did the same and their shares of the business was back to square one. When one offered free gifts or extra services the others followed in double quick time. When one cut the price, the others also cut prices. The consumers were the happiest when the three monkeys fought among themselves, 'discreetly'. The people that suffered the most were the prostitutes. They were the ones servicing the customers and getting paid lesser and lesser while working harder and harder. Even the foreign prostitutes had to compete with foreign prostitutes from cheaper sources. As far as the three monkeys were concerned, cutting prices was the only way to go. They could think of no other better ways. And they forgot that their business was a near monopoly. While they kept squeezing the prostitutes, they were not stingy to themselves. They still reaped big profits and bonuses. Ah Beng too was undisturbed. Whenever he needed more money to splash around, he just raised his protection money and the three monkeys would pay willingly. One day the three monkeys found out that the business was not lucrative any more as the prostitutes too were abandoning the trade. So they sought permission from the Godfather and sold their businesses to live happily ever after from the wealth they accumulated over the years of exploiting the prostitutes.

10/31/2009

A sermon from elle

elle(from UK) says: Here is my 2 cents worth. People who dare not speak out are afraid of the judgement of others who may penalise them or at least laugh at them. So how do we cure that problem? (1) To dare to speak out means that you have to be confident of your views, you must know that you are right with your views and that no one will be able to challenge your views. So how can you be sure you have views that no one can challenge? And how do you can you gain such knowledge? God gave you eyes to see. He also gave you a brain to use to analyse the good from the bad. Today, man has given you the tools to learn. It is the Internet. You could easily learn enough to write 10 PhD thesis from the Internet. There are all the libraries available to you on the Internet. All you need is patience, perseverance, and time to learn and to analyse. (This last trait, the ability to analyse, and to have cognisance of all the facts is up to you and may depend on your experience and maturity.) But this Internet university is open and free to all, if you have access to the Internet. Once you know the truth you will want to share your knowledge with others. Imagine being able to find out answers like, (1) Is there a god? (2) Whose god has all the answers? (3) Is that preacher or that Professor telling me the truth? Or does he know what he is talking about? (4) What is a Taoist? or Buddhist? or Christian? or a Jew? or a Muslim? It may take you 10 years of research, but at the end you will know the answers. Now, in the 21st century all this information is available to you, free, and on tap, and it is up to you to find out for yourself. If you care to find out, that is. But people are lazy and want to be spoon fed. Those who want to be spoon fed will never have the cognisance to see the truth anyway so they are a waste of time. SO MY CHALLENGE TO YOU IS; "IF YOU ARE IGNORANT, IT IS YOUR OWN DOING." (2) Now, back to my original article. (By the way I have replied to the author but have not yet received a reply.) Singapore has been a "Nanny State" for too long. It is time the people were weaned from it. That article clearly spells out why Singapore is a Nanny state. Today, Singaporeans must be able to speak out, discuss, and learn about the world about them. They have to know the real world, with "warts and all." So that they will know which way they want to go and what is there in the real world. You can only learn that when you can talk freely about it, not guided or controlled discussions. I know, most of the time I have acted as a "Devil's advocate" but I have not acted our of malice. I have wanted to entice more of you to discuss the issues of life, of problems of the world, and how it will affect the lives of people in South East Asia and the future of your children and their children. There I go again preaching a sermon. End off. The above post is in Redbeanforum in the World Affairs section.

To move on or to hold on?

I posted a thread on some of the outstanding angsts that have still to be resolved or waiting for a solution. My friend Wally suggested that it is better to move on as many have done so. That's how life is, and how things should be. Make your noise and move on. The question is, should we or should we not? The media has its own role and function cut out for it. It also has its own agenda and will move on when needed to or to hang on and repeat their stuff for as long as they want it in their own ways. Take the issue of housing prices and welcoming foreigners. The media is not moving on and let the issue pass. The internet allows an issue to be rehashed for as long as the people want them to, and not dependent on the media to support or discard them. The people now has the internet of their own and can set their own agenda for discussion. No one can say let's move on and nothing will be heard anymore. But they can if they want to, by closing down the internet. There is still this prevalent idea that we should go on and welcome more foreigners. Some may support this for good reasons while some are just parroting this view without thinking. In all things, there is always a breaking point when enough is enough, from not enough to excessive and eventually destructive. Just like greed in the US. We all paid the price for it. We started from a swamp, poorly inhabited and needed more people to build this place. We grew and prospered with more people adding to the vibrancy of the island. The question is when is enough, and are we breaching it? How many more can we take before the seams burst? This brings me back to the white mice theory. One mouse or several mice in a cage will quickly multiply when there is enough space and food. But if not managed, they will soon over multiply and strain the limited space and resources. The sad ending is that when food and space are scarce, they will fight and eat each other up. How far are we from reaching this point in our immigration policy and welcoming of foreigners? When will welcome turn into frown and disgust? And when will the newcomes find it tough here and turn against their hosts, demanding for their share? We are no longer an unpopulated swamp. We are one of the most densely populated little piece of rock on earth. We are pushing the limits and the limits will be hit as a matter of time. So don't anyhow just say have more foreigners, increase the population for more economic growth. The economic numbers may be admirable. But there is a social and political cost. Should we move on when issues are affecting us and stuck with us, or we pretend and see nothing, hear nothing and say nothing, and all will pass? We are not talking about celebrities and the type of clothes they wear.