GIC proven critics wrong

Splashing across the front pages of our major newspapers is the news that GIC has made $2.3b profit after selling half of its stakes in Citigroup. And it is sitting on a similar profit on paper, maintaining its 5% share in the bank. 'GIC chief investment officer Ng Kok Song said the "good outcome" was down to judgement calls which "turned out to be right".' Other anaylsts are also showering praises on how GIC managed to turned around and '...getting out of jail free.' All the critics who disparaged GIC and Temasek for buying high and selling low will now have to eat their own words. They have been proven wrong. The strategy and investment decisions of GIC and Temasek were well conceived and right from the beginning. And with more profits coming in, it is time to make more investment decisions.

Whose view matters?

The govt, or Mah Bow Tan said in Parliament that HDB flats are affordable. HDB also said so and explained why they are affordable. The Straits Times went one step further with its reporters making in depth analysis and reports on why HDB flats are affordable. And in today's Editorial, it again confirmed that they are affordable, and those who insist that they are not affordable have only themselves to blame. They are unyielding, selfish, suffered from an odd mentality that new towns are 'ulu', insensible, obstinates and quirks. On the other side of the fence the voice of unhappiness and grief is getting louder. And there is now a petition by the unhappy, insensible, obstinates and quirks calling for signatures to support their perceived grievances. The petition now has more than 900 signatures. The HDB flats being affordable side is obviously right according to their logics and reasons. And they are getting very annoyed by these unreasonable demands of the people. Are the unhappy voices unreasonable and illogical? Officially it is. So, no matter how many signatures were collected, their cause is a lost cause. Their views, their interest, their unhappiness are not important. They don't matter.

Petition on high HDB prices

There is an online petition seeking support and signatures at http://www.thepetitionsite.com/1/lower-hdb-valuations-or-build-more-affordable-hdb-housing-for-singaporeans More than 850 signatures have been collected over the last few days.

So many complaints about high HDB prices!

It is so pathetic, so ridiculous, for Singaporeans to be complaining about high HDB prices. They cost only a few hundred thousands, so cheap, so affordable. Why are Singaporeans making so much noise for cheap quality housing? I just visited The Sail over the weekend. A unit with the equivalent floor area of a 5rm flat is asking for $3m to $4m. And all sold out. What is a few hundred thousands by the way? Singaporeans should know the real market prices of quality housing and be grateful that they are getting HDB flats at such affordable prices. Incidentally when I was there, there was hardly any hardup Singaporeans in sight. Oh my host was one of the rare Singaporean specie that could afford to buy a unit there. Be grateful huh.

Ah Mah and Ah Kong's Singlish

How many of you have been entertained by the Singlish of Ah Mah and Ah Kong? It is hilarious if one is kind, difficult and irritating for the less tolerant, and outright outrageous and stupid for the Anglophiles. For the latter, Ah Mah and Ah Kong are simply idiotic, can't speak simple English. They should be kept away from the polished crowd of sophistication and well cultured WOGs. How much different is Ris Low from Ah Kong and Ah Mah? I am waiting to read more letters to attack Ris Low for her poor command of the English Language. Let the campaign continues to drive Ris Low into hiding. Make her feel ashame, huh? We are the sikit atas Singaporeans. We spaek good Inglish. If you cannot spaek good Inglish, stay away from us. I shall use my control of the blog/forum to attack such poor Inglish speakers.