7/06/2012

Dumb Americans



With the world’s best brains in research and technology, and military experts, they spent US$5b on a lemon uniform only to scrap it in less than 10 years. Despite all the tests and trials they only found out that it did not work after 7 years in service. Now they would have to spend another US$5b to replace that lemon.

On the other hand, Singapore used the uniform, tested by our experts, probably redesigned and improved on it and found it almost perfect to our needs. We even designed and created an uniform for desert warfare in Afghanistan, as reported in the papers today. Now our soldiers would feel safer fighting in the desert.

And the Americans are reintroducing a new design to replace the pixelised uniform. The new design is nothing much cutting edge really, likely to be a bit of change here and there of the older design that was replaced by the pixelised version.

Singapore should have offered our proven and tested version to the Americans at probably half the cost of their new design. It will be a win win situation. And Singapore would earn a new feather on its cap as a military uniform designer, better than the Americans.

But knowing the Americans, they would not accept anything from anyone. Singapore could actually buy over the rejected pixelised stocks from the Americans for a song since they have no use for them. It will help the dumb Americans to dispose of their unwanted uniforms. Otherwise they will likely burn them, or maybe bury in the desert. Maybe they will donate to Hollywood for another mega war movie with the rejected uniform to be worn by the losers.

Consider Mercedes or BMWs for staff cars



During the early days of Mindef, most staff cars are Minis, Fords, a few Japanese makes and a few Mercedes for the top brass. But those days cost was important as the country was not that rich. Today we have billions and billions in our reserve and maybe it is timely that Mindef or the other ministries should go for quality since money is no longer a problem.

And going for quality is not extravagant really. Buying cheap cars is like penny wise pound foolish. A Mercedes or BMW is made to last for 20 years unlike the other cheaper makes that would last no more than 10 years. And the ride is so much better and comfortable. And there is the safety aspect to care for. Mercedes and BMWs are built with many safety features which will make them so much safer for the passengers, our NS men. Oh, include in the specs to have 4 airbags, two in front, two behind, plus side protection bars and anti roll bars. Safety is of paramount importance and cannot be compromised.

Buy quality is not wasting money. Mercedes and BMWs must give me a commission for this brilliant suggestion. And with two of them submitting for the tenders, there is a price comparison and competition, and the contract can be given to the lowest bid. Can throw in Audi if three bids are needed.

Remember, quality comes with a price. Can cheaper, better and faster mean quality also? If that can be so, then no one will want to buy expensive goods. Start by changing all the chairs and office furnitures.

7/05/2012

Do not underestimate the Malaysians



Malaysia just launched one of the world’s largest IPO in IHH Healthcare at $2.6b. The company will be listed in the SGX and Bursa Malaysia. What is amazing about this launch is the list of hospitals in its stable. Among the big names are Mt Elizabeth Orchard, Mt Elizabeth Novena, Gleneagles and Parkway Hospitals. If the names sound familiar, yes, they are all the top hospitals in Singapore.

Malaysia has not only bought over this strategic group of hospitals, it also owns one of our power stations, it has bought into two of our brokerages, and I am sure it is also into many other acquisitions of good Sinkie companies. With their oil money, it is quite foreseeable that it could buy up many good assets and companies here.

I see this as a brilliant strategic move. They have turned the table and thrown away their village mindset of always on the losing end when dealing with Sinkieland. They are on the offensive. When everything is for sale in Sinkieland, it is only a right thing to do for Malaysia to buy them up. And don’t forget, it is exchanging Malaysian ringgits for Sing dollar. In the long run, should the ringgit depreciated against the Sing dollar, Sinkieland will end up with much less value ringgits while Malaysia will be sitting on highly valued and well appreciated Sinkie assets.

For those who are worrying about the fate of Sinkieland remerging with Malaysia, not to worry. It need not be. It will be bought over in a matter of time. Don’t underestimate the strategic minds of the street smart Malaysians. Our book scholars will be no match to them as they only think of buying and selling for immediate and short term gains. The long term strategic thinking is somehow absent. And with so many Malaysians here as PRs or citizens, the merging or takeover will be smooth and easy.

And the Malaysians know how to buy good stuff. They don’t go around the world to buy junks or out of luck companies.

What is $57,200?



When $600,000 was dismissed off as peanuts, why are netizens screaming over $57,200? The amount was spent on 26 foldable Brompton bikes that NParks had purchased. Many felt that it was excessive and unnecessary when a $500 bike is already a damn good one and a $1,000 bike is a luxury. A $2,000 bike is just inexplicable for a govt organization to splurge using public money. And poor Khaw Boon Wan now had came out to defend this purchase as reasonable. And this is going to cause more ire among the bikers who knew the value and quality of bikes. Best advice is not to explain.

But spending $57,200 is really nothing, not even a drop in the ocean. Not even half a month’s pay to many. Why the who ha? Personally, as a low wage worker, $500 for a bike is definitely too much for me to pay. Then it is all relative isn’t it? What is a lot to the losers is, yes, nothing to those who are used to spend millions and hundreds of millions.

The netizens are also complaining why a tender for 26 bikes only attracted one bid. Is it that the tender contract was too small, no supplier was interested, no one could meet the stringent specifications, or no one knew about the tender except for one? Many questions are being raised on this peculiar incident, just like the designer chairs for, was it MOM or NTU? Such small matters and small amount of money could not register in the memory of most people, not even my elephant memory. Of course dementia is starting to gnaw throw the thick skull.

My conclusion, the amount is just too small, too petty for any suppliers of foldable bikes to be bothered to submit their tenders. So it ended up with only one hungry tender, and according to civil service procedures, since there was only one tender, it was proper to accept the tender. Case closed. Let’s move on.

For those suppliers who were sleeping and did not know that there was such a tender, it is their fault. Then again, it must be the small sum that kept them away. In an exceedingly rich country when every mention of money is in the millions, when people conveniently asked, ‘What is $10m?’, what is $57,200? No case lah. Such a small matter is like making a mountain out of a mole hill. There are more important things to worry about.

7/04/2012

God’s money




The believers donated happily, willingly, though painfully, to God, with the hope of 30 fold, 60 fold and 100 fold returns. What is wrong with that? Nothing really! It is willing giver willing taker. It is caveat emptor. Why the big fuss? The only thing that I cannot fathom is the round tripping. Maybe this one got some accounting peculiarities that offended the law.

Putting this aside, money willingly given to God must be God’s money. There is no compulsion, like taxes or CPF. There is no law against anyone giving money to God. Calling it charity is also wrong. God does not need charity. Who the heck called these as donation to charity?

Anyway, once the money if for God, how the money is used by God’s servants to serve God is no one else business. If the servants think that singing and cutting albums in the US is to serve God, then let it be so. If the intent is good, good for the contributors, what is the problem? Even if it is pornography or insurance schemes or whatever schemes, if it is for the good of God, that is good enough.

It is also reported that 40 companies were set up by CHC or the pastors and the senior pastors. If the monies are theirs, it is personal and private matter. If the money is God’s money, then one needs to ask what is the purpose of these investments. If the investment is to grow God’s money to serve God, it is perfectly legal and logical. Sovereign funds were also set up in same kind of reasoning, investing the funds to serve god’s interests. Oops, I meant the sovereign’s interests.

See, all can be explained. It is the intention that counts. If the intention is not to cheat, which no one will admit or own up, and if it is explicitly said that it is to invest for the long term for God’s sake, it cannot be faulted. Or can it?