DBS-LVB Deal - Was It Make Hay While The Sun Shines Or Make Haste While Neglecting Due Diligence?

 1984 George Orwell said... DBS-LVB Deal - Was It Make Hay While The Sun Shines Or Make Haste While Neglecting Due Diligence?

India's news media have reported that Subramanian Swami (SS), an Indian MP of the ruling BJP party, has asked the Modi government to put the Lakshmi Vilas Bank deal with DBS India on hold, in order to facilitate a forensic audit of the takeover of the assets of LVB by DBS.

SS also called for an examination of the allegations on money laundering made against DBS internationally and in Singapore.

In his letter to PM Modi, Swami said, “What is amazing is that RBI had sought objections from stakeholders which were to be filed by the close of business hours on November 20, 2020, effectively giving less than 72 hours for them to respond.”

Several stakeholders had raised objections to the deal. However, the RBI forwarded the draft proposal for Cabinet’s approval in great haste on November 25, without factoring any such objections. The merger came into effect two days later, on November 27.

Swami alleged that the haste with which RBI carried out the LVB-DBS merger, the unprecedented and unreasonable terms under which the bond and shareholders’ interest have been written off, and the arbitrary manner in which DBS Bank India was chosen without going through any standard operating procedure, raise serious questions on the functioning and integrity of India’s Central Bank, RBI.

Swami said there is a serious flaw in the functioning of RBI and lack of accountability inside the Indian Central Bank.

It must be noted that DBS India has already received capital infusion of Rs2,500 crore (S$450 million) from DBS Bank Singapore, as stipulated in the hasty LVB-DBS Merger Agreement.

Comments:

1. Anything done in haste is bound to lead to serious flaws because a thorough and careful feasibility study cannot be diligently executed in that time frame.

2. Anyone or any government body proposing an agreement to be signed in haste must be subject to serious scrutiny and suspicion.

3. Anyone jumped into such hasty agreement is essentially an impatient and reckless person, especially when such a big and risky business deal is being considered.

4. Any government that condoned and supported such a hasty and reckless decision is not only careless but also negligent and irresponsible.

Has the outstanding Singapore government become careless, negligent and irresponsible lately, because too many foreigners-turned-citizens holding important, influential, key and top positions are actively and actually influencing government decisions and policies to the detriment of Singapore's strategic interests?

1984 George Orwell

What is a threat? Who is the threat? Who is the greatest threat to the world?

Who is a threat, what is a threat? This concept of threat is a trade mark of American hegemony. The Americans have been declaring this country and that country as a threat to them. Can anyone visualise how little countries or poor farmers in Afghanistan or some poor country be a threat to the biggest and most powerful Empire in history? Can North Korea or Iran really be a threat to the Americans even if they have a handful of nuclear weapons? Would they dare to use them knowing that the return fire from the American nuclear arsenal would cook every one of their citizens alive and their countries turned into Stone Age?

The Americans have been using this term, threat, as a convenient tool to demonise a country and set it up for attacks and persecution, trade and economic sanctions and invasion.  When the Americans declared a country as a threat, the poor country be very frighten, as the Americans are going to attack them in one way of another. They would be very lucky if it is just trade and economic sanctions. They would not die in an invasion, killed by bombs, but allowed to continue to live in poverty, cut from from the world in trade and economic activities. Most  of the time this threat is an outright American lie, an American mischief to do evil, to start wars, to kill as and when they like it.

So far only the Americans are telling the world who and who is a threat to the American Empire, using the western media to spread this evil edict. No country would dare to tell the world that the Americans are a threat to them. But the whole world knows that the Americans are the most evil, fearsome and deadly threat to countries that did not obey the Emperor in the White House and would be destroyed or diminished. 

While the Americans are lying to the world that small and weak countries are a threat to the Americans, an American myth, a white lie that no one believes, every country knows that the real threat to them and to the world is the evil American Empire. It is a case of an Emperor without clothes but no one dares to utter aloud that the Emperor is naked.

Once again, who is the greatest threat to the world, to world peace? No answers, but the answer is obvious. The evil Americans. America's security is the world's insecurity. They are using the security threat to threaten and control and dominate the world.

Once again, is there any smaller countries that is a threat to the American security? The answer, from the Americans, they would be bombed to the Stone Age in minutes. Is that a good answer?

China seen through westerners' eyes

Below are video clips of a few westerners that have or are living in China and telling the world what China is today as contrast to the untruths and lies that the western media are telling the world. Among them they have made numerous videos about China on their own, a passion, just like the bloggers in mysingaporenews, to help people understand China. And just like many bloggers that are publishing alternative truths, Matthew Galat has come under attacks by the IBs, in this case likely to be CIA operatives in China, publishing anti China videos to smear and demonise China.

 

https://www.youtube.com/watch?v=1HG1w1UXWwI - China's High Speed Train

 

https://www.youtube.com/watch?v=M5oEySG2xcE - Sanjiang Banquet

Matthew Galat - Jayoe Nation

Cyrus Janssen - https://www.youtube.com/watch?v=seiIj_hKKEU -The Truth about Pompeo and China

 

Lee Barrett - The future of China - https://www.youtube.com/watch?v=kal16ZvwhEw

https://www.youtube.com/watch?v=oTJuPm_P27I - Your American Dream is Made in China

Kirk Apesland - gweilo60

Nathan Rich - Huo Guo Da Wang - https://www.youtube.com/watch?v=aBpNkqQaTEM - 'China Virus' lies

Malaysia - Political intrique within intrique

 Azmin Ali spilled the beans. The mastermind was Mahathir, the victim was Anwar. Again Anwar was played out by Mahathir and his hope of becoming the PM of Malaysia grows dimmer. 

In the latest report in the ST, Azmin said Perikatan Nasional PN was Mahathir's idea, a scheme hatched in Mahathir's house on 23 Feb. Presence were the heads of Umno, PKR, Parti Pribumi Bersatu, Parti Warisan of Sabah, PAS and Gabungan Parti Sarawak. Azmin was then deputy President of PKR. Notably absent was PKR's president Anwar Ibrahim, the man they were fixing not to become the PM of Malaysia.  The purpose of the meeting was to ensure Mahathir continue to be the PM.

The proposal was presented to the King with 131 statutory declarations in support of Mahathir, who needed only 112 to have the majority in Parliament. The plot was more intriquing with the suggestion that they would remove Mahathir later and replaced him by a Umno candidate. But Mahathir the wily fox saw through the bigger scheme of thingsand resigned as PM, throwing everyone off guard.

Mahathir had denied his involvement in this scheme and claiming that he would honour his words to let Anwar to take over from him as the next PM. His words must be music to Anwar's ears.

Who is telling the truth, who to trust, are becoming more ridiculous by the day. But whatever happened, poor Anwar would forever be the victim and the PM in waiting with so many playing against him behind his back.

Would Anwar ever be the next PM of Malaysia? With so many interested parties involved and with so many eyeing for the job and plotting against Anwar, it is going to take a miracle for Anwar to get himself into the PM office.

Malaysian politics is so complex with so many players that no one can really predict what is going to happen tomorrow. And the mastermind is still weaving his spider web of plots withing plots to want to be the PM the third time, or is it the fourth time, and making sure Anwar will never get there.

Anwar has a big mountain to climb over if he is ever to be the PM and he would need a lot of political skill to do that. Maybe after Mahathir has passed away.

China's security umbrella

 

This map shows how far reaching are China's missiles today, covering a large part of Europe, Middle East, the Indian Ocean, South East Asia and western Pacific Ocean.  This is only about the coverage of DF21 and DF 26 and shorter range missiles that can carry nuclear and none nuclear warheads. The likes of DF41 and DF5 have ranges that covered the whole world, every corner is within reach of China's missiles.

What are the implications of this map and the Chinese missiles? On the defensive mode, all Chinese shippings are covered by these missile umbrellas. The Chinese ships, merchant fleets, fishing fleets or PLAN ships may be sailing individually, presumbably alone and unprotected, but no longer. They are protected by this missile umbrellas. When under attacks, the Chinese ships can call for fire support and the missiles will come flying to strike at the attackers be they warships, aircraft carriers of military bases. An extention of this defensive mode can be applied to friends of China, or countries that are being bullied by the evil American Empire. Such countries can ask China for help if the want to and also come under China's protective security umbrella against an attack by foreign forces.

The second part is the offensive capability of the Chinese missiles. How far they can cover is equivalent to how far they can hit. All the American warships, including aircraft carriers, all the Indian warships and enemy ships flirting in the South China Sea and East China Sea will become targets of Chinese missiles. China can now check American aggression against countries within this security umbrella when shove comes to push, China can intervene militarily, not necessary to have military bases and boots on the ground or aircraft carriers in the war zone.

The Americans may still brag and boast about sailing their warships into South China Sea or Straits of Taiwan or even Malacca Strait as a show of force against China, but they too know that a press of the button is all that is needed to send a missile coming after them.  China has recently demonstrated that they could easily hit moving targets, ie ships in the oceans, to send notice to the Americans that the missiles are waiting for them and don't be mischievous or adventurous. All the American fleets in the Indian and western Pacific Oceans look pretty and aggressive and threatening.  But what is more threatening are the missiles deep inside China, thousands of km away, waiting to strike.

Silly and idiotic smaller powers like the junior partners of 5 eyes pact must take note that their museum pieces called warships are now at the mercy of Chinese missiles. Strutting along in the South China Sea is now at the mercy of China, whether to push the button or not.

In the event of a war, Chinese soldiers would sit in the comfort of their war rooms and simply press buttons, like playing computer games. No need to move their butts, while the Americans or enemy in their ships in the oceans and seas would become sitting ducks waiting to be sunk or scurry for shelter and protection. It is as simple as that. This is the new war game, no soldiers in sight, but missiles will come flying in under the guidance of satellites and other observation radars on land and on seas.

The Americans still thinking they are safe in the Indian and western Pacific Oceans and strutting around like gangsters waiting to start wars with Iran or China or Middle Eastern countries and have all the initiatives of wars. Think carefully. The enemy missiles are faraway, behind mountains, in the deserts and in the seas, not within visual sightings, but just as deadly and destructive, especially shooting at sitting ducks.

This is the new balance of power in the Indian and western Pacific Oceans. Once the Americans could sail these seas and oceans with impunity, with no one able to hit them. No more. Not safe any more, but easy targets to be taken out by enemy missiles thousands of miles away. Iran and North Korea are also protected by the Chinese missile umbrella and so would be Pakistan and other Middle Eastern countries that requested for it. The American bully and warmonger no longer can have their way as they like it in the past. If they try to clobber anyone, they too can be clobbered.

Don't be cocky any more, trigger happy cowboys. When you point your guns at others, the Chinese missiles are also pointing at you...from afar, from the sky above and the seas below.

China could not do this until quite recently and had taken a few blows below the belt delivered by the Americans.  China learnt the bitter and painful lessons and vowed to be able to strike back should it happen again. It is so ludicrous to see silly Americans sailing their warships along the Straits of Taiwan and South China Sea to threaten China, a show of force and oblivious to all the missiles locking onto them, that they could turn into smokes any moment.

The battle order has changed, who can hit who has changed, who has the upper hand has changed. Who is a really threatening who has also changed.