Waiting for ‘angmoh cun’ or white man’s ship

The wheel of fortune is turning and would continue to turn and fortune changes. In the 60s, the tourists coming here are the Americans and some Europeans. They were the rich and free spending tourists. The local shop keepers loved them. Every time an ‘angmoh cun’ is in town it will be boomtown Charlie. Business flourished, the service industries, food, hotels, shopping centres boomed. This state of affair went on till the end of the Vietnam War when the American GIs stopped coming. The waiting for ‘angmoh cun’ became a waiting game with no more Americans coming ashore.
 
The next group of free spending tourists was the Japanese. They came in the 70s and 80s. And they were the darlings of the tourist industry and the retail and service trade. All those involved in the tourist industry were eagerly waiting for the Japanese to arrive and to throw their money around. This came to an end too when Japan went into a recession, or its economy went to a stand still, with little growth. The free spending Japanese don’t come anymore. They had their moment of attention like the Americans.
 
Today the tourists that everyone is waiting for is Chinese tourists. They are the big spenders, much bigger spenders than the American and Japanese tourists and in bigger number. They did not just come to Singapore, to travel all over the world. And Singaporean shop keepers are not the only one waiting for them, the whole of Europe and America, Japan, Korea and SE Asian countries are waiting for the Communist Chinese to come. Some laid down red carpets to welcome them. Some European countries went to the extent of hiring Chinese policemen to protect them from local thugs.
 
The whole has indeed changed. The poor communists from China are now the rich communists that are throwing money all over the world. When they stopped coming, the local tourist industry wind down, the shop owners started crying. Where are the rich communists? We love them, we want them and we welcome them.
 
For centuries, the Chinese, especially the overseas Chinese, are ashamed to be called Chinese or identify themselves with anything Chinese. Even the Chinese also have very little pride and confidence in themselves. Today, the Chinese in China are very proud of being Chinese. The Chinese in Taiwan, once despised the mainland Chinese and wanted to call themselves Taiwanese, or even Japanese, are starting to think Chinese and feeling more comfortable calling themselves Chinese.
 
Chinese or being Chinese is no longer a dirty word. Chinese is now about being the richest nation, the most powerful nation in time to come, being rich and technologically superior, as good if not better than the West. The West is afraid. Never have they been challenged by another nation or civilization that can compete with them head to head in science and technology. The Chinese are telling the West your days of glory and supremacy are numbered.
 
China and the Chinese will upstage the Americans and the West in everything. Made in China 2025 is about China over taking the West not just in being the number one economy or number super power, but in science and technology. The Americans are trying to put a stop to this by starting this trade war, to prevent or slow down China’s rise as the most industrial and scientifically advanced nation on earth.
 
The wheel of fortune is turning and China is unstoppable. Singapore would be hung high and dry if the Chinese ships refuse to call at Tuas. Tuas would be a ghost harbour, a white elephant. Yes white elephant, if Singapore continues on its careless way to be on the wrong side of the Chinese equation.
 
Who cares about ‘angmoh cun’ any more? Everyone all over the world is waiting for the rich communists to throw money at them, in Europe and in the Americas as well.

Doubts raised on auditing firms worldwide

Singapore regulators investigating Noble’s auditor Ernst and Young. This is not unusual as the big four auditors, Deloitte, KPMG, PWC, and EY were also under probe in the UK according to a Bloomberg report. Below are a few paras of a report by Bloomberg on MAS’ investigating EY after the fall from grace of Noble, once a hot favourite of punters in the Singapore Exchange. Its share price had fallen to a few miserable cents and the stock has been suspended from trading pending a refinancing and restructuring exercise to save the company.

‘Noble’s accounting has been in focus since early 2015, when
a previously unknown group called Iceberg Research started
criticizing the company, saying it had inflated the value of
long-term commodity contracts and carried billions of dollars in
profits on its books that would eventually have to be written
down.


Since then, the once $12 billion company has lost billions
in value, reduced to a rump by untenable debt and writedowns --
including on many of the contracts that Iceberg had been
criticizing.

"You see repeated clean audits, and then suddenly you have
these big writedowns," Lee Boon Ngiap, assistant managing
director of the Monetary Authority of Singapore, told Bloomberg.
"That’s something regulators will pay attention to – and move to
ask questions, press more."’ Bloomberg

The blind faith in western auditing firms is another angmoh tua kee thing. Anything western must be good, no need to question, sure to be done professionally and honestly. One of these firms was the auditor of the AHTC accounts and the cross examinations in court revealed many loopholes and personal opinions that were anything but factual from rubbish heads.

Not only auditing firms, the western banks were reputed to be highly professionally run, with impeccable records, transparent and unquestionable trust in what they said until the banking crisis when all the top western banks, reporting billions and billions of profits, suddenly declared insolvent. How could this happen, cooking the books all the years, hazy accounting and management practices, the biggest money launderers, but not discovered by the reputable auditors?

When reading the glorious reports of billions of dollars of profits by the local banks, the scenario of the collapse of western banks keeps appearing in my mind. So similar, would they be adopting the same hide and seek accounting? Are they using the same auditing firms? Hopefully not as Singapore is reputed to have the strictest banking regulations under the watchful eyes of our incorruptible and most conscientious regulators.

The western media too were taken as the publishers of truth, unquestionable truth, and accepted as the authority of all news and information in their prints. Today every one of these western media are churning out fake news and disinformation. Unfortunately silly bananas would still regard them as the messengers to truth, nothing but the truth despite Trump, the US President, discrediting every one of them as untrustworthy. Would the lies and rubbish churned out by the western media be accepted as the truth and would not be questioned by our ministry in charge of fake news and disinformation?

Is there anything left in the West that is honourable, worthy of being trustworthy and reliable and not cheats, conmen, tricksters and liars?

Canada’s faux pas – A lesson for American cronies and little USAs

Canada was an innocent party in the trade war between China and the USA. So the daft Canadians claimed. For whatever reasons, Canada deemed it fit to arrest a Chinese national on transit in a Canadian airport under the instruction of the Americans for violating American sanction against trading with Iran. Now Canada has offended China by this arbitrary arrest of a foreign national that did not commit any crime in Canada nor in the USA. To make matter worse, in its zeal to please the Americans, the Canadian police and legal institution put Meng Wanzhou, a top female executive of Huawei under handcuffs and leg cuffs as if she was a hard core criminal that could break free and harm other people around her. And the silly judge imposed ridiculous conditions to let her out on bail but not before trying to keep her in prison for as long as they could.
 
The mischievous antics of the Canadian police and judicial system have forced China to take retaliatory measures against the Canadians, cancelling a trade delegation from Canada and arresting of an ex Canadian diplomat and a businessman for activities against the national interest of China, ie American intelligence operators. More arrests of Canadians are rumoured to be on the card. The Canadian govt now found it necessary to send out a warning to Canadians not to visit China for fear of being arrested.  This is so stupid and so unnecessary.
 
China Canadian relations are now at rock bottom. What has Canada hoped to gain from this faux pas? More praises from the Americans for being a good puppy? What were the consequences for Canada? Would Canada gain a bad reputation for the irresponsible and reckless arrest of a citizen of another country, China, and the silly police and court antics? Canada is now seen as a rogue country, a country of kidnappers, an American crony.
 
China has no choice but to retaliate and to hit hard at Canada. For not doing so it would compromise China’s interest and Chinese nationals would fear stepping out of China. Not doing so would mean other American cronies and little USAs would be emboldened and encouraged to do the American bidding to arrest Chinese nationals at the behest of their American masters. Not doing so would discredit China as a respectable world leader and as a dependable partner to fall back on when pressured or attacked by the Americans and its allies and cronies.
 
What are the lessons for American cronies and little USAs? Would they want to be like the little good puppy, Canada, and do the bidding of the Americans to do the dirty work for the Americans and suffered the consequences? The Americans would not hesitate to make their cronies and little USAs to be the commandos, to charge first and to die first for the American Empire. Canada just had a bad taste of this American treachery.
 
Would the American cronies and little USAs want to antagonize China, likely their number one trade partner and lose the goodwill with China and become an enemy of China when they don’t have do? What have they got to gain and what to lose if they are to do and act like the Canadians?
 
I think the best option is to shut up and pretend not to see, not to hear and not to say anything. Why get in between two elephants fighting and get trampled into flatten mud shit?

Hishamuddin called for action against Singapore

The territorial dispute between Singapore and Malaysia is likely to take a notch higher with Hishamuddin of UMNO calling on the Malaysian govt to stop talking to Singapore and take action, just do it. What did he meant by just do it?
 
When he was the Defence Minister, he wanted to send Malaysian warships to fight with China over the South China Sea island claims. He was infamous for drawing the kris and threatening a May 13 on racial issues. He is growing impatient with the talks between Singapore and Malaysia govts and provoking the Malaysian govt to take action against Singapore, to defend Malaysian territorial rights. He is likely to draw his kris again on this territorial dispute.
 
This very friendly and nice man was the Defence Minister of Najib when relations between Singapore and Malaysia were extremely good. I think he was also a party to the Durian Party in Singapore. Now that he is out of power, thank God, he is pushing the Mahathir govt to be tough with Singapore. This is how precarious relations with Malaysia can become, one day hot one day cold, depending on the weather and who is in power.
 
With tension rising, the Singapore side would have to be wary of the worse, a scenario that is unthinkable yesterday but increasingly turning into a reality. Wait for the signals calling for jihad or running amok and hell will break loose. Luckily the Mahathir govt, though can be very kuai lan, still have some good sense not to allow this dispute to turn bad. Both sides are winding down temperature and going to the negotiating table.
However it pays to be prudent and be ready for all circumstances. Singapore cannot let its guards down when very nice and friendly people can turn amok the next moment.
 
Singaporeans are best advised to avoid Malaysia during this time of unpredictability. When is the Foreign Ministry going to issue a statement to caution Singaporeans going north during this festive season?

BEWARE - CANADA is a TERRORIST COUNTRY

Yes, this country is going down as another scum country. It is a rogue regime headed by a clueless boy.

The Canadian rogue govt would arrest an innocent person for no reason but under the instruction or behest of another country like the USA. They did not care whether it is right or wrong, whether the person committed a crime or not, they simply go and arrest the person. Yes a person need not commit a crime to be arrested.

And they treated a highly educated and dignified lady, a top executive of a foreign company like a dangerous criminal, hand cuffed, leg cuffed and paraded in public to show how uncivilised the rogues were.

Canada is a shame to the world community, a country of kidnappers!