More condos in CBD

And more residents will call Shenton Way their home. The developers are all smiling with rental in CBD commanding a high premium as well as the properties commanding high prices. But what is it for the citizens? The residents calling Shenton Way home may all be foreigners, or the majority may be foreigners. And who are the locals buying up these properties, not many HDB upgraders but the rich who have already many properties in their pockets. It is great news for profit generating. How does it fit in to nation building, to the welfare and living standards of the citizens? How many citizens will benefit from such grandeur and high living lifestyle and expensive homes? With no checks and balances, with no links to nation building and the uplifting of the people, who would enjoy all these beautiful condos? Sure, some citizens are laughing all the way to the banks. The CBD will be more vibrant, but for who and for what?

Towards a more equal world

The Third World countries shall rejoice with the rise of China to challenge the US and European dominance of world affairs and unequal relationships. Gone will be the days of Unequal Treaties. The Chinese will stand up to the US and the West for their arrogance and domineering relationship vis a vis the rest of the world. An ugly example of such a relationship was pronounced by Robert Gates himself at the recent Shangri La Dialogue when he claimed that the US has been selling weapons to Taiwan openly all these years. So it must be right. He could not see anything wrong with it. He might as well say that the US had perpetuated a slave trade enslavings millions of Africans for several hundred years. So it must be ok to continue to do so. Or he might as well say that colonisation is acceptable since the Western powers colonised and ruled the rest of the world for several centuries. The Chinese did the right thing by cancelling Robert Gates visit to Beijing to remind him that selling weapons to Taiwan is not right. The Western world would accuse China of being arrogant for standing up to the US and them, for demanding to be treated equally, and all international relationships be on par, not the empire/subject kind. The Third World countries would stand to benefit if China could shift the present unfair relationship to one that is more equal to the smaller and weaker nations. The Americans and the West cannot keep talking down to the rest of the world and dictate what a relationship should be in their favour and according to their terms. If they can build military bases at the doorsteps of other countries, sail navy ships in their seas and fly spy aircraft or satellites over their territories, these are not friendly acts, so can other countries do the same to them. For a better and more equal world, all countries shall be treated equally and have the same rights to determine their own affairs.

More remisiers needed?

SGX wanted to boost the strength of remisiers by another 1000. Several broking houses are in the market looking for another couple of hundred remisiers each. Aren't these going against the conventional wisdom that the stockmarket shall go online and there is no need for remisiers? There was a time when the mantra was that machines could replace the role of remisiers but now we are hearing calls for more remisiers. Wonderful! Does it work to have more remisiers? Looking at the volumes traded in the market, at times as high as 2 billion shares daily, many of the remisiers were waiting for their phones to ring. Long were the days when the phones were ringing non stop once the trading volume hit 1 billion shares. What's happening? And the past few days the volume dwindled to less than a billion, and yesterday was the lowest to date, at 788 million shares. What were the remisiers doing? Swapping mosquitoes? Now, if the volume is going to be so anaemic, what would the addition of another 1000 remisiers do to the market? More volume or the same volume divided by another 1000? I have written in the past that once the retail investors have been sent to the cleaners, the next will be the remisiers. And when the remisiers too are emptied of their pockets, the funds and trading houses will only be trading among themselves. And looks like this day is getting nearer than I anticipated. How did the market get to this pathetic state? What is wrong with the market or the system? Is the system healthy or sick?

Yes we are world champion!

The WTTF victory has generated many discussions in the media and cyberspace, including mysingaporenews. The main argument centres on foreign talents versus local talents. Let me take the issue a little further by asking why are we doing this? What are we trying to achieve and for what? Is the glory of being world champion something so important to us that we should devote so much energy and resources to recruit foreign talents to make us feel good? Is it about national pride or is there an economic angle to it? Or would someone say it is about nation building, or a way to motivate our future champions? In Europe, particularly in football, buying foreign talents is a big thing and big money. It is big business, a big industry that generates economic activities and income, jobs etc etc. It is a business that extends beyond national boundaries. We too are spending hundreds of millions to watch football. The bottom line is big profits. I think we are very far from that in table tennis. It is still a national cost, a big hole where money is being poured into it when it could be used better in other areas. Maybe we have too much money and this small sum is insignificant and we can do without. Even in football, when players are bought and sold like assets, when it comes to the World Cup, the players, or most of them, will return home to play for their national teams. Not many national teams would want to field non nationals or newly bought nationals to don their colours to win football glory. It is unthinkable for Brazil, Ivory Coast, India, Japan, Korea or even Malaysia, to flirt with buying foreign footballers to win the championship. Table tennis is exceptional because many countries are doing it, from the US, Europe, across Asia to Oceania, the Chinese are exporting their table tennis players to these countries who are willing to pay for them. To the Chinese, it is an economic activity, and also they have an abundance of talents. Any difference between football and table tennis? In football, it is the commercially run football leagues that are trading talents. In table tennis, what league, representing who? What are we in for? Why are we importing foreign talents in sports for?

A local talent's future destroyed

Ang Jun Heng is a straight As student from Raffles Institution. He intends to apply for a SAF Scholarship to read Engineering. His future is, or was, very bright. Now he is lying in the hospital with severe cuts and injuries to his whole body and hoping that his reattached 4 fingers could heal and return to normal. Jun Heng was one of the unfortunate victims of the brutal robbery and savage attacks on several people by some foreign workers from Sarawak. Though most of attackers have been arrested except one, and some facing death penalties, none of these will be able to return Jun Heng his normal life and his bright future. I hope the authority will come down hard, extremely hard, on these foreign criminals who were given a chance to make a good start here but instead brutally attacked our citizens and hacking their victims with knives like savages. There must be no mercy shown to them. I would advocate that there should be another harsher laws for foreigners commiting violent crimes against our citizens. We were so nice to them, welcome them to our homes, spent monies to organise parties to make them happy here. And this is our just rewards. This is not an anti foreigner article. The good and law abiding ones are still welcome. For those who resort to vicious crimes against our citizens, let it be known that the law will come down very hard, doubly hard, on them. They must not return our generosity and kindness by harming our people.