3/12/2013

A monumental change in the making in the Singapore polity



I thought I sense something big is happening in the politics of this island. But I rule them out as voices from the lunatic fringe, congregating mostly in blogosphere. The anger and spitefulness cannot be missed and growing daily. Then, blogosphere is the equivalent of Liang Shan or Mt Liang in the classic Water Margin, where the heroes or victims of the establishment called home. So, I can only take the grumbling as a little disturbance and would come to nothing eventually. It is too small a group of people kpkb daily and awaiting for doomsday or a political judgement day.

Other than netizens in cyberspace, uneasiness and a sense of despair and helpless also pervade in casual discussions. The mood is that the ruling party has lost is support and trust from the people. The Presidential Election and the two by elections were seen as the harbingers of more of the same to come. The little crowd in Hong Lim too was read by many that it is not as small as it looked and the unhappiness is more widespread than thought.

Seah Chiang Nee, the ex ST editor, also wrote about the increasing vocal elite that were once part of the establishment and expressing their misgivings and disagreement quite openly. Then yesterday I read Catherine Lim, a doyen of govt critics, in an article about the PAP losing it. The party has lost its long taken for granted trust and support of the people. The people are cynical, and questioning, and doubtful of the direction going forward as plotted by the Govt.

In Catherine Lim’s view, all is not lost. The PAP only needs to cleanse its past by embracing the ex political dissidents that were forced out of the country, some released from political detention, and bows for forgiveness. That would show some sincerity and humility of the unpleasant past, and to emerge from the dark side in sparkling white once again.

I am less sanguine about this assessment and less optimistic that the problem is just about a dark chapter of our political history. I think the problems are more basic, bread and butter issues, jobs, cost of living and the increasing tension brought about by a misplaced foreign talent group that have proven to be more a pain in the arse than people deserving to be welcomed as new partners in our economic and social development. Many citizens are feeling cheated by Govt policies and a future of a highly intense society, of having to pay more for less, smaller homes, no cars, bank breaking hospital fees, and having to compete unfairly with foreign mobs that are haughty, cocky, unworthy and untrustworthy while feasting on our hospitality and taking away good jobs from the locals.

The PAP is losing its grip on the voters in more ways than could be envisaged. I don’t see any hope of them regaining the trust and support of the people like in the past. It is a slippery downward slide to oblivion. I qualify to say that my readings are one sided. Then again, the truth will surface very soon when grassroots leaders are also getting ambivalent about what is installed for them in the next GE.

Things are not looking pretty for the PAP. Feel free to disagree with my diagnosis. I am just a political watcher and commentator and I am looking at the scenario through tinted lens.

3/11/2013

Norwegian Oil SWF gains 13.4% in 2012




‘(10 Mar) – Norway’s oil fund, one of the biggest investors in the world, rose in value by 13.4% last year, its second-best performance ever.

The central bank said the fund’s investments in shares jumped by 18.1% in 2012, boosted by soaring equity indexes around the world.

It is now worth 3.8tn krone (£450bn; $670bn), up from 3.3tn krone in 2011….’

This is a snippet that I read posted in TRE. How much did our SWFs made last year? The Norwegians seemed to be doing very well at face value from this report. If the Norwegians are doing so much better than our SWFs, maybe it will be a good thing to learn from them, their strategies, who are their fund managers and where did they invest their funds.

There must be something that the Norwegians are doing right. But numbers are numbers and they can mean all kinds of things and also dependent on accounting practices. At 13.4%, it is still a good number in any count.

Can we borrow some of their fund managers?

The Govt cannot continue to build more flats



‘For instance, the Govt cannot continue to build more flats to meet new housing demand as this would mean “hurting the many home owners who can now rent out their properties.”’ Khaw Boon Wan.

The above is quoted in the main media. So, can the govt continue to build another few hundred thousand units for the 6.9m population?

What do you think? Controlling the supply? Can continue to bring in more migrants?

Managing faked or unrecognised degrees


I can only hope and pray that this problem plaguing the country and disadvantaging Singaporean PMETs is a small one that doesn’t need much bother from the Govt. If in reality it is an iceberg waiting to sink the Singapore Titantic, woe will befall the citizens of this island when the ship and the iceberg collide.

Tan Chuan Jin and his Tafep are trying to do something about it. Just wondering how serious is this call or would it just be a passing remark to be forgotten the next morning? The implications of foreign PMETs replacing local PMETs are serious, wide ranging and unacceptable, from stealing the jobs from the locals, discrimination of locals, cheating and victimising the locals, depriving the local PMETs from acquiring skills and experience, and the larger implications are social unrest when locals are out of jobs, unable to feed themselves and families and servicing heavy housing mortgages. Worst case scenario, it is like an invasion of foreigners that will become PRs and citizens to oust the true blue citizens from eking a low down existence in their own country. The natives will find it hard to live in this expensive place without a job while foreigners are taking their jobs and living happily here at the local’s expense. How can this be?

The humiliating part is for the fake talents or half baked talents to think that they can screw the better local talents, screw their jobs, boss around with them and kick them around, with unrecognised degrees, no degrees or fake papers. It is amazing that a first world sophisticated city can fall victim to third world swindlers and con men and women, and very happy going about it without a care.

While the problem has surface and the Govt looking like looking into it, there are two aspects that need to be addressed immediately. One is the number of foreign PMETs that can be employed in any company or institution. A quota like those for foreign workers will be more palatable to the citizens that have lost their jobs to these PMETs, and their children will eventually also be victims to the scam that can be treason in nature.

The second part is to eradicate faked or half past six degrees from God knows where. This is a mammoth task that requires a big number in manpower to investigate. The MOM is unlikely to be able to deal with it even with the recruitment of a few battalions of officers. It may take more than 500 man years to cleanse this shit hole. What could be an alternative is to get these foreigners to have their qualifications certified and guaranteed by institutions, preferably foreign banks or financial institutions or their employers, that can be fined when the qualifications were found to be faked. Don’t ask a local institution to be the guarantor as it would end up paying for the frauds of foreigners. Such institutions could turn this into another business and would have the spread of manpower and expertise to do the job without the Govt carrying the burden and cost to police the fake degrees.

The Govt could conduct spot checks in a more targeted manner and get the guarantors to pay for the slips. This part is crucial or else the whole scheme could be another bigger scam. Bounty hunters can be hire to check on such violations which will be quite effective too. There are obvious problems as the guarantors will have to be reliable and be able and willing to do the due diligence and be able to pay the fines and repatriation costs.

A guarantor system is not the only way to tackle this shit situation and there must be many better and more efficient ideas that the talents in the MOM could come up with. The important part is to kill this problem fast for the sake of Singaporeans and the country.

Where is the reset button?



I like to play computer games. One of the highlights of computer games is the reset button. Whenever the game is going wrong or losing, just simply hit the reset button and start all over again. No wonder many kids are hooked onto computer games. And the skilful ones are actually winning the games without the need to hit reset.

How I wish there is a reset button in real life. When things go wrong or getting out of control, it is so nice to be able to reset. Boon Wan has hit the reset button several times but I think it is still not working. This time he is hitting it harder and keeping his finger cross that it will work. But he must not forget that he has to confirm by hitting the prompt to go ahead with the reset and not hit the back button.

The housing mess is in need of a reset to the period when there was an excess of 10,000 or 20,000 units of unsold flats. And it would be good to hit another reset to a few years earlier to have a new minister to be in charged.

There are many reset buttons that need to be hit. The population or immigration button has to be hit quickly. And make sure the proceed button for the Population White Paper is not hit, or hitting the reset button will not work any more in 2030. It will be game over by then. The sense of anger among the true blue citizens is at the verge of exploding when more cases of local PMETs being booted out and replaced by FTs are being exposed. It is unbelieveable that job discrimination against Singaporeans is so prevalent and pervasive at the PMET level that it has become an intolerable national shame. It will surely lead to more xenophobic feelings among the citizens. This is a very serious hot button issue but apparently has been ignored for too long. Read the comments by netizens to have a real feel of the temperature. I no longer feel sad that Singaporeans are being mistreated so badly in their own country. I can only feel the same anger. Do the MPs and ministers feel the same way? Singapore for Singaporeans, or it is just an empty slogan? Reset, reset quick. No? No need?

Then there is the minister’s pay button. This one is very hard to hit as the button is protected by electrical shock circuits that will burn the fingers trying to reach the reset button. If this is reset, maybe COE would not have hit $100k and housing prices would be lower too.

Would things be much better if the reset button was hit a few GEs back? Would the situation be better today with a new party in charge? Or would it be hit in 2016? Or maybe not necessary as by then the game will be over. With things spiralling down the wrong way, the reset button is likely to be hit not by the ministers, but by the people that have ended at the wrong end of the stick. Enough is enough. The people would likely try to hit the master reset button to start a new game.

It is really fun and convenient if there is a reset button in life, to hit reset and start all over again. Then again, even if there is, hitting reset will spill blood and shit all over that need to be managed carefully and sensitively.