8/16/2019

IMDA – Brown face ad insensitive but did not breach Internet Code of Practice

The Nairs were given conditional warnings for their racist and highly offensive rap video, attacking the Chinese as a racist race with vulgarities. Conditional warning means if they remain crime free for two years, no action would be taken against them. Is this too lenient for such an offensive video? According to a lawyer Ravinderpal Singh, quoted in thenewpaper, ‘the intention to knowingly harm the harmony between different religious or racial groups has to be present to constitute a criminal offence under Section 298A(a) of the Penal Code. From the sentence given, can one read that the Nair siblings has been judged as having no intention to harm racial harmony and thus only a conditional warning?
 

How then could one judge that a person has intention to harm racial harmony? By own admission? In this case the people making the judgement was the Attorney General’s Chambers and ‘they concluded that the video was in contravention of Section 298A(a) of the Penal Code, Chapter 224. How does one interpret this judgement by the AGC? If there is a contravention, should not the siblings be charged for the criminal act?
 

In the case of the brown face ad, the AGC has ruled that ‘there was no criminal offence disclosed in the advertisement’. Both the brown face ad and the offensive video led to police reports. Legally and clearly, according to AGC’s decision, one is criminal and the other is not.
 

The other issue is the insensitive or inappropriate part. How to decide what is insensitive and what is not? Who to decide? We have two organisations, the Council of Advertising Standards Authority of Singapore and the Attorney General’s Chambers have ruled that the brown face ad did not break any law. So why are some people still uttering that the ad was insensitive and inappropriate when it did not break any law? Oh, because a few bigots said so. The few bigots are setting the standard of social norm in Singapore, not the Council of Advertising Standards Authority of Singapore, not the AGC.
 

There are hundreds of millions of people with brown faces. If their brown face is offensive, their lives would be very miserable having such a colour on their face. What about the white Europeans travelling thousands of miles here to buy suntan lotion to lay under the sun to bake themselves just to have a brown face? To them brown face is beautiful, a colour of choice. Offensive to who?
 

The same reasoning applies. A swine woman threatened and bullied an innocent 9 year old that saying beef curry was insensitive and could get him killed in some country. To her, no one in Singapore can mention eating beef. My God, there are hundreds of millions of people eating beef daily. These people even studied the various types of beef and how to cook them to get the best taste. Would some minister or MP table in Parliament to ban the mention of eating beef and beef advertisement in Singapore? Would one have to whisper to a waiter when ordering steak, ‘Psst Psst, I want it (beef steak) done it this way. Sorry I can’t say it loud as it would offend some bigots and I could get myself killed’?
 

Singapore is not only a multi cultural, ethnic and religious society. It is also a cosmopolitan city. We respect the sensitivity of the different races and religion. But none should be allowed to impose their sensitivity on other people. Singapore must not allow a few bigots and extremists to dictate the social norms of what is right and wrong or what is permissible or insensitive. There are rules and laws on such matters and these should be the deciding factor, not some bigots and idiots.
 

We must not allow bigots and idiots to set the rules of social norms.

8/14/2019

Temasek is a disciplined speculator

The above is posted by Phillip Ang in TRE. Phillip has been working very hard to find such things, on buying high selling low by Temasek, to post in his blog likedatosocanmeh and in TRE.

From the perspective of a disciplined gambler or speculator in the market, cutting loss is an important strategy that all gamblers must know and brave enough to make, to cut loss. For not doing so, the loss could be even bigger. So disciplined speculators that cut loss are good speculators. This is something that Phillip may not understand. Just imagine if the disciplined speculator did not cut loss, he could lose every cent in the investment. So losing a few hundred millions and still can take back a few million that is left is still better than taking back nothing.

I don't speculate so I am safe from making such losses resulting from buying high and selling low. Don't ask me for such advice, I am not qualified to do so. Ask the disciplined speculators if you want. And mind you, it takes a genius to consistently buy high and sell low. It is not easy to keep on repeating the same cycle. And that is the reason why such genius are paid very very well.

And there is real gain in such a strategy if you know how to use it wisely, making real profits instead of making paper profits that you cannot realised.

Trading, speculating, making gain or loss can be quite deceiving and intriguing to the innocent and uninitiated.

Throwing money mindlessly in mindless third world country

SG High Commissioner seeks mercy from new Indian state govt after SG plonks $4B into state


Last month, it was reported that the joint venture project between Singapore and India to build the new Amaravati capital city for the state of Andhra Pradesh has been stalled by the newly elected Indian state government.

The project is a joint development between the Singapore Consortium led by Temasek-linked Ascendas-Singbridge and Sembcorp Development, and Amaravati Development Corporation Limited, a company set up by the previous Andhra Pradesh state government.

Andhra Pradesh was earlier governed by the Telugu Desam Party (TDP) which was aligned with PM Modi’s Bharatiya Janata Party (BJP)....

Unfortunately, the new Chief Minister Reddy is not a keen supporter of the Amaravati capital city joint venture project and has even publicly announced that the project is “not a priority” for him. The new state government is reviewing all ongoing works and cutting finances, triggering uncertainty over the future of the state capital project which Temasek-linked entities Ascendas-Singbridge and Sembcorp Development have invested in.

Work on the capital city, which has been running behind schedule, has come to a standstill. Chief Minister Reddy has set up a team of technical experts to review every aspect of the project, following allegations that the previous Chief Minister was involved in corruption over the way land was acquired, as well as other improprieties including insider trading....

To underscore Reddy’s disdain for the project, it was reported that his new state government has even gone ahead to cancel flight arrangements connecting Amaravati’s Vijaywada Airport and Singapore’s Changi Airport, an agreement signed by the previous state government with Singapore....

On Friday (9 Aug), it was reported in Indian media that Singapore High Commissioner to India Lim Thuan Kuan went to meet Chief Minister Reddy on the sidelines of the Diplomatic Outreach programme. Lim was accompanied by officials from Singapore’s Ministry of Trade and Industry.

Lim told Chief Minister Reddy that Singapore is ready to invest more in thermal, solar, aerospace and related fields, apparently in an attempt to appease the new Chief Minister....

The above is copied from TOC.

Everything is so similar to what Mahathir has done to Chinese projects. But the Chinese were smart enough to build in breach of contract clause and could claim compensation. I dunno if Singapore is smart enough to do that or would be so trusting and did not include such a clause and leaving it to the good nature and mercy of the Indians and now the High Commissioner is begging for mercy in the above report.

I came across an Indian expert saying that to invest in India, it is wise to give the money to a knowledgeable Indian to do the rest and sit back and collect money. India is simply a place not for investment. I dunno how many commando type of businessmen would accept this kind of idiotic advice to put money in other people's pocket and hope for the best. If there is, it must be Singaporeans. Singaporean's idiocy is legendary in doing business overseas. If they can sign a CECA agreement, they can sign anything.

What I like most about the above report is the last sentence. Now with one ball being squeezed, we promised to pump in more money by promising to invest more so that after one ball is being squeezed, put in the other ball to be squeezed also. At the look of it, either we are so desperate to invest in India, so stupid, or they really did not put in a breach of contract clause so got nothing to fall back on to crawl back some losses. 

Who are the idiots that were so gungho to invest big big in India? 

All I can say is never mind, OPM what, only $4b mah.

This reminds me of DBS India. Can you imagine how much Singaporean's money is being pumped in to build a bank in India? Is there a senior Singaporean there to take charge and control the finances? Or is the whole bank run by Indians and we just have no choice but to trust them, like the Indian expert said, give him the money and he would do the rest. He forgot to add, the risk is yours. Did anyone say stupidity has no cure? I hope I am wrong and the DBS India is in good Singaporean hands and no one can steal the whole bank from under his nose.

8/13/2019

This is how the Indonesians dealt with wildlife

https://twitter.com/i/status/1160094065313980417 (Video of wildlife in Bali)

An Australian tourist has been arrested after fly kicking a motorcyclist in Bali.
The damning video was uploaded to a popular Instagram account, @denpasar_info, and shows the Aussie man running towards oncoming traffic on Sunset Road in Kuta.

“A foreigner who went on a rampage in Jl. Sunset Road, successfully secured after trying to crash into a vehicle in the area,” the Instagram caption read.
As a motorbike approaches, the man jumps and kicks the motorist, who falls off his bike, hits the ground and skids down the road.
The same man then runs towards an oncoming car, which he jumps over....The tourist has been identified by 7News as Nicholas Carr, a 26-year-old apprentice builder from South Australia.
According to 7News, the man’s violent rampage allegedly included smashing a mini-mart window and a restaurant window, and assaulting a sleeping man in his bed.
The above is reported in Yahoo News. And here is a pic of the wildlife after being caught and looked like being well beaten by the Indonesians. This is the way to treat wildlife. Not to give them a peck on the back of the hand and let them free. Wildlife must be treated like animals. See how sweet and well behaved when he is tied up? No more monkey business.

This is something Singapore and Singaporeans can learn from the Indonesians.
Picture from Yahoo News.

8/12/2019

Long term investors of banks and blue chips

Look at the prices of these banks and ask those long term investors how much they have made in investing in these banks.

We have an expert long term investor in WSG. Hope none of these is his so called war stocks.