Temasek's Report card briefing

Loh Chee Kong's front page report(Today paper) on the Temasek briefing highlighted one pertinent point. Temasek's investment is for the long term, for the long long term, and it should be judged on the long long term. How I wish Temasek can park a few million with me for long term investment. The other point is Temasek's defence on not fully disclosing its financial position to avoid exposing itself to its competitors. So, how much of the numbers are real if there is this 'hidden element' in its report? Is the total sum disclosed as under Temasek's management, all $172b, the true amount or the full sum? How much is Temasek really managing since the truth cannot be disclosed? I also read Alvin Foo's report in the ST. It pointed that the worst drop in value in Temasek's holding was contributed by the 10 largest Singapore listed companies. This amount was $30b out of the $55b decline. This was huge compared to the $18b lost due to the top 10 foreign listed companies. My suggestion is for Temasek not to invest in local companies as the risk is so high. Sell off its local assets, like selling off the power stations and invest in foreign assets which are statistically safer and the loss would be smaller.

A big challenge today!

Malaysia has staked its claim on 5 popular dishes as Malaysia' national dishes. These include Nasi Lemak, Chicken Rice, Bak Kut Teh, Chilly Crab and Laksa. It was like the British claiming that they founded Singapore. Ok, now that the heat is on, let me claim something for Singapore before they are claimed by other countries. I hereby stake these claims, and without exceptions, unconditionally, that these are our national dishes: 1. Mee Goreng 2. Mee Rebus 3. One Ton Mee 4. Roti John 5. Rojak 6. Satay And for deserts, 1. Chendol 2. Bo Bo Cha Cha 3. Ice Kacang And for drinks, 1. Teh Tarik 2. Teh O 3. Kopi O 4. Kopi C 5. Ice Kosong Oh, maybe I shall defer Teh Tarik to Malaysia since they have experimented it in space and made it world famous. I was thinking of adding Bubble Tea but Li Ao will call us stupid again. And how can I forget Mee Siam. This must be truly Singaporean. No one would dare to challenge this unique dish of ours. I will find some time to write a piece and submit it to Wikipedia to make it official. Now, what is so challenging about this challenge of the day? I am hoping that someone will make a more hilarious claim than mine. My only concern is that this may trigger a diplomatic spat.

Calibrating benefits for citizens

It may be a bit late but better than never. Vivian is taking the cue from Hsien Loong and will be looking at the benefits that citizens should have over non citizens. And yes, membership will have its privileges. And all the ministries and stat boards will also be looking into it to make citizens feel worthy of being citizens, recognition of their responsibilities and sacrifices. Who says kpkb in cyberspace has no use and the govt will not listen? The voices in cyberspace will only grow louder if they are ignored. Any govt that believes in serving the people cannot ignore the voices in cyberspace and just listen to their own contraptions and feedbacks. Like it or not, the noise in cyberspace is real, though at times unpleasant to the ears. We are hurt! Oops, I mean heard!

Boon Wan blogging in MOH blog

This looks like for real. Now we have a real minister blogging to share and exchange views in cyberspace. According to the report, Boon Wan is going to blog regularly, not blogging just for show. Given his busy commitment, it will be quite demanding on him to reply to the issues that will pop up in the MOH blog. I think he will cope. The cyberspace, blogging etc is the most effective means of communicating with the masses and vice versa. And handling it well, it can achieve a lot of goodness and goodwill. Goodbye to snail mail and writing to the media forum and hoping it will be printed. The main medium does not have the space to provide a meaningful two way communication which is something cyberspace is best designed for. Look at the number of letters on HDB prices that are filtering out into the main media forum and you can extrapolate how many have written in but unable to see the light. Welcome to cyberspace, Boon Wan.

Obama fighting sophisticated thieves

When the thieves landed in Wall Streets, the regulators and administrators were awed by their sophistication, confidence and rich manners. They promised to generate a lot of businesses and wealth for all, including the regulators and administrators of course, if they were allowed to do what they wanted to do, freely. In other words, deregulations or little regulations, and a free hand to write their own rules of the game, print their own money or worthless papers to be sold for hard cash, and also write their own pay checks. This went on and on until the Lehman and subprime crisis. And all is history. But history is repeating itself. The same game is being played again. The thieves are loading themselves with huge sums of money. When they piled themselves with all those ill gotten gains, someone must pay for it. The money must come from somewhere. Obama is not going to be duped by these thieves like those bright eyed and eager beavers in Wall Street. And he has no reason not to stop them as he and his team are new and their palms were not greased by the thieves. So you can expect Obama and his team to come down hard on these thieves. And you can expect the thieves, their lobbyists and those regulators and administrators in their pockets, including congressmen and senators, to be stand up against whatever regulations and control that Obama may want to impose. When the regulators and administrators are on the side of the thieves, nothing will change. The robbing of the ignorant masses will continue and the thieves will get richer and more blatant in their acts. No regulations is good for them. No one is learning the lesson. No one.