Happy DBS employees

This is a picture of the happy long service employees of DBS Bank. The best bank in the world, also honoured recently by Hsien Loong for looking after the livelihood of its employees, especially the seniors that have been affected by job disruptions. These people would not be worried about losing their jobs or livelihood in DBS to foreigners waiting to replace them.

These are the happy and younger employees of DBS Bank, in Changi Business Park, not Chennai Business Park as some like to call it. They are the future of DBS Bank.  All having a great future in DBS Bank, the best employer in Singapore. Many are potential new citizens if not already citizens.

CECA is a national security issue

The Trump Administration can be accused of over hyping the Huawei 5G technology as a national security issue. Their main reason for objecting to using Huawei equipment is based on what if, what can be, not that it is. Of course there is the fake element of competition with China, not allowing China and Huawei to take off into the future with Huawei as the main equipment supplier and technology leader in communication technology.

The use of national security in this case could be just an excuse and also not something to be trifle with. The security of a nation should not and cannot be compromised by superficial and short term economic trickery or benefits. Here comes the question if the CECA poses an existential threat to Singapore. Singapore history and demographic make up have propel the nation to high economic growth, political stability and development befitting of a first world developed nation.

Increasingly, with the economic growth rate declining and getting higher growth rate more difficult, the Singapore govt has dropped all its guards against existential threat to grow the economy the cheap and easy way by importing all the rubbish from around the world disguising as foreign talents. This reckless and indiscriminate importing of wildlife with suspicious and unknown backgrounds, some very dangerous to our well being, without the ability to vet their security threat and political inclination is getting to a level that is ringing a bell.

Some of the minorities are increasingly getting more vocal and naked in their intolerance to the Chinese majority in the island and calling for this to change towards a level when the Chinese majority is less pronounced, maybe even become an absolute minority to appease their anger. The new citizens and even foreigners employed to work here, paid by the public and private sectors, thought it their right to question this balance and even to champion this cause.

How would Singapore be in the next few decades if the population balance is changed with the Chinese no longer the majority? Would the new majority be as kind and magnanimous as the Chinese majority today towards a Chinese minority? Or would they shut the daylight out of a Chinese minority that stupidly allowed this to happen to seal their fate as a goner minority?

How and to what extent is the CECA with its loose and over generous provisions, a one sided agreement to allow India to flood this island with its jobless citizens and change the population make up of this island? Would Singapore be happy to be more like another Indian city in the future instead of what we are today, a modern cosmopolitan society, an advanced nation of clean streets and good amenities and infrastructure?

Would the intelligence and security agencies think about this existential threat in the way the Americans are looking at their national security and warn the govt in advance that going down this reckless road of importing so many foreigners to dilute the Singaporean core is a road of no return except down and out?

How serious is CECA as an existential threat to Singapore vis a vis the rhetoric against the opposition political parties? Would Singapore survive like it is today in the next few decades going forward? What are the threats to our national security and national survival with the input of so many wildlife into our midst with dubious backgrounds, qualifications and political beliefs and interests?

October - Another financial crisis

For 5 days, the Fed was pumping US$75b per day into the American financial system to provide the liquidity that was drying up. Last night alone it pumped in US$110b. And this is more than a week of pumping the system.

The interbank lending rate has hot up to 10%, way above the 1.5% -2% that used to be the norm. The reason, the banks were afraid to lend money to other American banks for fear of bad loans, not getting their money back, insolvency. Yes, American banks are afraid to lend money to other American banks, did not trust their ability to pay back. And the Fed said it would continue to pump more money into the banking system at US$75b daily. This is another kind of QE but the reason behind this is very serious. The American banks knew that the other American banks are credit risk, not credit worthy.  How's that for confidence in the American banks and how close are they edging towards another financial crisis?

Interbanking lending rate at 10% while Trump is asking the Fed to cut interest rates, even to negative interest rate! The big question, is the American economy as good as Trump was saying, the best it could be? On the other hand many analysts are saying recession is around the corner. Who is telling the truth and who is lying? The diversion in interbank interest rates and what the normal interest rate is frightening as it is telling something hideous going on behind the facade of normalcy.

The US economy is doing very well, collecting billions of tariffs. China's economy is faltering, China badly needs a trade deal. The Americans do not need and want only a good deal in their favour. Really?

No need to second guess who is right or wrong. Just watch what Fed is doing, what Trump is asking the Fed to slash interest rates and the interbank lending rate at sky high. The last two times when interbank lending rates hit this level immediately led to a recession the USA. And Trump, with all his salesman talks or lies, is panicking. How soon would it be proven that Trump has been lying through the skin of his teeth before the collapse comes?

October has always been a favourite month for such events to happen. Be careful.

Minimum sentence for anonymous criminal intimidation

The high court has just passed a ruling that ‘Those who intimidate others anonymously and inflict severe harm in the process could find themselves liable to at least three years’ jail if they are found to have a high level of culpability.’ Thenewpaper reported.
 
In the past there was no minimum sentence but with more and more cases of anonymous intimidation over social media, this law becomes a new necessity. So you guys please do not try to intimidate anyone in social media or mobile devices.
 
I was intimidated by a blogger calling himself Raymond a few years back in this blog. I made a police report and warning him that he better prayed that nothing untowards would happen to me. With the police report, if harms come to me, even a freak accident, the police is likely to look for him. Now with this new law let’s hope no one would dare to be so brave to go around threatening anyone with harm.
 
This law is to deter those that think they are above the law or with some connections somewhere to protect them when they bully or threaten people, or with the money to pay the lawyers and the courts and the fines. The minimum sentence means jail terms, got money no money, got connection no connection, do not apply. Jail you go.

Anwar's daughter cried

"Malaysian Prime Minister Tun Dr Mahathir Mohamad says a fixed period for his resignation would make it ‘difficult for me to work.”

In an interview with BFM, a business radio channel in Malaysia, the elderly statesman says he will keep his promises to hand over power, but at the same time he needs to ensure that the country is back on its feet before handing the reins of power.

“I promised I would be interim PM. I will do so. I keep my promise.”

He says giving him a fixed timeline will make it harder for him to achieve his goals."

The above is quoted from theindependent.sg

If anyone has any doubt about what speaking in fork tongue means, read the above slowly and intensely and then ask when would Mahathir hand over power to Anwar?  Would he keep to his promise to hand over in 2 years as agreed or would he sit it out until Malaysia is back on its feet. When would that be, how long would that be? When would Malaysia be back on its feet, under whose definition?

No wonder Anwar's daughter cried. Her feminine instinct could sense what was coming. She was distressed when PKR agreed to let Mahathir lead the coalition and be the PM.  she was distressed to see her parents so hapless and had to make a deal with the devil that spoke in fork tongue.

Her fear is becoming real and more real as they approach the two year handover deadline. Now everyone is watching how Mahathir would wrangle his way out of his promise to stay on for the full term without breaking his promise. The latest from his party stalwart, there was no written agreement about Mahathir handing over the PM to Anwar though this was widely reported in the media when Mahathir took over as PM. The moral of the story, the Malays are no match against a slippery snake.