Defending SGX CEO Loh Boon Chye

Below is a comment by a TKSS in TRE

TKSS:
December 8, 2015 at 11:46 pm  TKSS(Quote)
The problem lies with the choice and finding the right man/woman to run the business.
Look at SMRT, do we have the right CEO?

He is probably the one that is pushing the idea of nationalising SMRT
Look at SGX, Loh Boh Chye (sorry I mean Boon Chye) who replaces Magnus Bocker
The present incumbent maintains status quo to the demolished exchange left by his predecessor.
What does the present CEO do. He make changes to Organization Structure.

Its like rearranging the deck chairs or running around redecorating the passengers cabins when Titanic has struck the iceberg and is sinking fast to the Atlantic seabed.

I am not sure about the comment on SMRT. I think the comment about Loh Boon Chye is unfair. I think he is doing all the right things. And actually there is nothing much needed to be done as SGX is in the pink of health. The market is so vibrant, the derivative trade is doubling or tripling in volume and the profits of SGX is growing. Why should Loh Boon Chye want to do anything when there is nothing wrong with the market? When it is not broken, do not fix it. The SGX is not broken yet.

Maintaining status quo is the best thing and the right thing to do. Changes to organization structure like changing deck chairs is normal when a new man is on board. Maybe he is cutting cost to save some money or making the SGX more efficient. Must be good.

I think Loh Boon Chye knows what he is doing. Everything is just fine. Don’t worry, SGX is in good hands. Magnus Bocker had done a fantastic job in improving liquidity and the volume is getting better and better.

What is this thing about the Titanic hitting an iceberg and sinking? Rubbish. This is not the Atlantic Ocean and our sea bed is not very deep, cannot sink one. Even if sunk it will still look like floating.  Nothing to worry about. Trust me. Oops, I mean trust him.

I saw on the news that SGX is going to be more targeted when it advises investors to ‘Trade with caution’. What does this mean when SGX has to put such a cautionary message? Does SGX know something is wrong, and if there is something wrong, would it be better to let the investors know what is wrong?

What about telling the investors the exact workings of super computers being plugged into the SGX? What are these computers doing, how are they taking advantage of the information they are accessible to? How many of these computers are plugged into SGX and if they violated SGX’s principle of fair play? Having such data that the public did not have, would it constitute front running or insider trading? What are the risks faced by the innocent investors trading against these computers?  It would be good if SGX could educate the public on the workings of these computers.

PS. The typo errors in the above quote of TKSS is inherent in the original comment.

Trump for President

He is absolutely controversial. He is exceptional and he is America. Trump is what America is all about, exceptionalism, about being different, and had the cake and eat it too. His latest comment about banning Muslims from entering the USA is going to take everyone straight on and demanding them to take a stand. The politically correct politicians wanting to sound right are already slamming him and setting him up for target practice.

The point is that they have no better solutions than what Trump is proposing. Is there another Presidential candidate or politician in Washington that has a better solution to protect the lives of Americans in homeland? No, the answer is no. They will come up with many half baked solutions all full of holes to deal with the threat from ISIS and lone suicide bomber or gunman just shooting at anyone on sight.

The outcry against Trump today is loud and expected. Just wait for a few more gunmen running wild in the streets of America and cutting down more innocent Americans in broad daylight and on the TV screens, showing live while they are shooting away, then you will see how the public opinion will change. The events on the streets will turn towards supporting Trump for President when pressure mounts, when more lives are taken and when fear becomes real.  Crazy men killing Americans need crazy solutions from a crazy President.

Trump is real and unplugged, uncensored. The rest of the politicians and presidential hopefuls are just politicians, saying the right things and hoping to be elected for the wrong reasons. Quietly they may want to say what Donald Trump is saying. What Trump said strikes a cord in the hearts of many Americans. America homeland will have no peace and security if no one is brave enough to do the right thing. Looks like there is only one man left standing up, one man up to the task….he is Donald Trump, the mean machine.

Trump for President and moving into the White House is a high possibility. ISIS can help him by doing a few more shootings on the streets of America. And Trump will be the word on the lips of all conservative Americans and the extreme right. There is still a lot of time for events to turn to favour Trump for President.

Would it be awful if it happens? It is outrageous. So is Trump. The Americans may have to go down on their knees begging for Trump….to be President when things get worse.

PS. The mediocre leaders among the presidential hopefuls are so hopeless and could only say the safe things. What kind of leadership can they be expected to provide, saying the right things that the Americans expect them to say? America needs strong and exceptional leaders, not weak and lame leaders afraid to say and do the right things.

MH370 – Australian bomohs hard at work

The disappearance of MH370 is still unresolved.  This is an obvious case of espionage and foul play but no one has any evidence to pin down the culprit. The only hope now is for someone who is pricked by his conscience to blow the whistle before they are silenced.

No one can fault the Australians for trying to help. The victims and their families would want to know what happened. What is sickening is that the Australians have been waving their magic wands and claiming it was here, it was there, very sure, confirmed by their modern bomohs and modern broom sticks. Have not the Australians been crying wolf once too many?

Now they are crying out loud that they are damn sure it is in the Indian Ocean again. And they have their bomohs and their gazebos to prove that it is almost sure, almost certain that they got it right this time.  And for countries with a lot of victims, they cannot say no to the merciful cry for help, to try to locate the aircraft.

For those who believe in the theories of black ops, the aircraft is likely to be anywhere except where the Australians are pointing to. Do the Australians have an agenda to distract the searchers to the wrong place, to keep them searching everywhere except the right place?  And to make it look real, someone may plant a bottle or a shoe to make it look real and likely.

When would the truth be found and the wicked and devious bastards be caught and make to pay a heavy price for this evil act on the lives of 239 victims and the pain and sufferings of their loved ones?

Would the modern day bomohs touch their hearts and stop fooling around with people’s pain and emotions and do the right thing?  If they are real and sincere to help, well,… but if the intent is wicked or to milk the money from desperate victims and their countries, it is real bad. This hideous crime must be exposed. It is a crime against humanity and only the vilest of people would commit such an act, taking away 239 innocent lives. And for those who went around spinning the story of a mad pilot and a mad crew, please stop your nonsense. You need a big team of people to take over an aircraft with 239 people and without anyone able to send out an emergency call.

    

Preparing for the next Presidential Election

I think the next Presidential Election should be around the corner, due in  mid 2017. Everything is pretty quiet at the moment. Tony Tan is likely to be fielded again as he seems to be the perfect fit for the Presidency and for the ruling govt. There is so much chemistry between the President and the Prime Minister that everything is just working fine with this couple. It is unlikely that another candidate will be thrown in to replace Tony Tan unless due to some unforeseeable circumstances.

Who would come into the fray this time from outside the establishment? Of the last three presidential candidates, Tan Kin Lian is unlikely to stand this time given his poor showing in the last PE. Tan Jee Say could still make a try as he did not do too badly then. But he would have to resign from his Singaporean First Party first to be eligible. Would he want to given the bad publicity in the aftermath of the last GE?

Tan Cheng Bock looks more like a certainty this time. He is still looking very good in his own way and in a two candidate fight his chances of getting elected is as good as anyone else. For those who want a non PAP candidate, Cheng Bock would be a very good choice and he would really be a challenger to Tony Tan.

Now, would there be any surprises waiting lurking behind the corners? Would there be any new potential candidates to enter the fray to provide more than a 3 corner fight and split the votes again? Given the stringent criteria, not many people are qualified to be a candidate and those who are qualified are people that would think very carefully if they intend to stand as they are likely to be public figures and closely linked to the establishment.

So far no newcomer has indicated their intention to run. It would be nice to see a 2 horse race for the PE. But knowing the possibilities, you can bet there will be some dark horses out there wanting to put in their 4 million dollar bets. And multiplying this by 6 years that is a cool $24m stakes, not counting bonuses that would easily double or triple that sum, awaiting the successful candidate. How about that, between $50m to $75m for the winner to guard the reserves of the nation?

Singapore a fine and smart city

The govt is turning the city state into a wonderful, fine and smart city of the future. We are going to see all the space age technology being introduced to make life so convenient and so wonderful.  Everything will be at the finger tips, with the push of a button. You want to know when the next train or bus will arrive, whether it is full or empty or how many empty seats are available and at which corner, just push a button in your mobile phone or at any terminals provided at the station. Everything is so smart. The citizens can even park their brains at home and move around without thinking. All the thinking will be done by the computers they carry around or strapped to their bodies. All the buildings, homes, cars etc etc will be smart like hell too.

The catch, can you afford it? The $600.000 bill to transform the National Stadium from football mode to athletics mode is a case in point. The stadium is fabulous, state of the art architecture. It is available for use to the buyer who can afford its clever and useful facilities. This time is looks like the Athletes Association cannot afford it. So sad. How so? Doesn’t the association know that good things, quality things, don’t come cheap. You want style, you want cheap, cannot right.

This prohibitive fee by the National Stadium is going to be the new normal. Singaporeans must get use to live in a fine, smart and futuristic city with fantastic sci fi facilities. Just make sure you can afford it, like $100 taxi fare. How many people earn less than $100 a day?