DBS In Hot Soup In India?

 DBS In Hot Soup In India?

It certainly looks like DBS, with an original Indian Chief at the helm, has got itself into very hot and spicy Indian curry soup.

UOB Kay Hian has released a report on 19 Feb 2021, suggesting that DBS would be suffering from “more headaches from lawsuits in India”.

DBS plunges itself into the Indian Ocean of deep troubles when it went ahead to acquire the failing Lakshmi Vilas Bank (LVB) in India last November.

It was a like a shot-gun marriage initiated by the Central Bank of India. to force DBS India to merger with LVB in order to rescue LVB from certain collapse.

Immediately after DBS India merged with LVB, Religare Finvest Limited (RFL) of India filed a petition with the Delhi High Court to make DBS India a respondent in its ongoing lawsuit with LVB, on the ground of the merger of the two banks (‘Firm petitions court to make DBS responsible for LVB’s embezzlement of S$130m of its FDs‘).

Prior to DBS’ acquisition of LVB, 2 employees of LVB were already arrested last year for their alleged involvement in the misappropriation of RFL’s fixed deposits from the bank.

A total amount of some Rs 729 crore (S$132 million) belonging to RFL was alleged to have been embezzled by the 2 senior LVB staff.

In fact, RFL reported the matter to the Indian police back in 2018.

It was alleged that the staff colluded with external parties in siphoning off RFL’s fixed deposit money from the bank.

Subsequent investigation is said to have uncovered grave irregularities and severe violation of regulations at LVB.

The claim amount by RFL has swelled to Rs 900 crore (S$164m) due to compounding of interest.

The next hearing of the case is scheduled to be heard next Thursday (25 Feb).

There are also other similar cases still outstanding. How many more such claims against DBS will there be? Your guess is as good as mine.

Maybe CPIB should make an investigation into the background of how this funny deal was negotiated and who were those involved?

What will be the implications to Temasek Holdings?

SSO

Covid19 vaccines - Who are the irresponsible countries?

 As of today, two of the major vaccine producing countries are hoarding all the vaccines for themselves and their closed allies. The USA and UK are hoarding hundreds of millions of doses of vaccines for their own people, Americans first, British first. This has created a world shortage for the vaccines for the developing and poorer countries. No money no talk. Got money also have to queue. Even the European countries, hard core allies of the Americans, members of Nato, are being left out in the cold.  Germany, France and the rest of the European countries are still not getting their vaccines. And the irresponsible Americans and British are saying they would offer to them and the rest of the world after they have met the demands of their own people. Only the excess would be shared to the rest of the world. When would this happen? For now, only token amounts were given to a few select countries while USA and UK took the bulk, leading to world shortage and delays in delivery to those that paid cash out front for the vaccines.

On the contrary, the country that they have smeared as being irresponsible, China, has been distributing vaccines to more than 50 countries around the world. From east European states of Serbia, Hungary, to Nato country like Turkey and countries in Latin America, Africa, Asia and South East Asia. China is now shouldering the world's demand for Covid19 vaccines on its own, sharing the vaccines to countries that desperately needed the vaccines but unable to buy or get them from the two so called 'responsible' countries, the USA and UK. Both have been paying lip service that they would help the rest of the world, only after helping themselves, and that would take at least a year or more. How irresponsible are these hypocritical countries?  All about themselves and still got the cheek to smear China as being irresponsible. The Americans and Brits would only share their vaccines when they have a surplus, leftovers!

In the meantime more and more countries are turning to China for help to get their vaccines. They know that the evil Americans and Brits would not sell to them until their own needs are met. And the developing countries would be down at the bottom of the waiting list, money not enough to pay the rogues a ransom for the vaccines. China is offering them the vaccines at very affordable price, some at friendship prices. And China is ramping up its production of vaccines to be able to spread them to the rest of the world that cannot get the vaccines from the two biggest producers, the USA and UK. 

How irresponsible are these Anglo Saxon powers? When the world needs them, when the world is dying, they are only thinking of themselves. Countries of the world must open their eyes and see who are the irresponsible ones that would turn them away in times of trouble, in a pandemic. 

When the world needs leadership to tackle this pandemic, the Americans and Brits are only caring for themselves. The European states are giving up and are turning to China for help. Unfortunately the use of vaccines has been turned into a political issue.  They cannot use Chinese or Russian vaccines without the approval of the Americans and NATO. They need the approval of the Americans to buy vaccines from China and Russia and if no approval is given, their people die. This is how tragic the Europeans are today, at the mercy of the evil Americans that dictate whether they live or die and cannot say no to the Americans.

The rest of the world, the developing countries, are in a way better than the Europeans. They don't need the blessing and approval of the Americans to buy vaccines from China or Russia. The queues for Chinese vaccines are getting longer and longer, but the wait is anytime faster than waiting for the leftovers, so called surplus, from the USA and UK that may come a day too late.

Who are the irresponsible nations in the world? Many are dying, waiting for the vaccines, vaccines that did not come in time. Good luck to the Europeans while they wait for the Americans and Brits to offer them when the two had had enough.  When would that day come?

Who is saving the rest of the world from Covid19?

PS. Believe it or not, the Americans are more caring about the imaginary 'genocide' in Xinjiang fabricated by them than the 500m infections and 500,000 American deaths due to Covid19, and the numbers are growing. They are so caring about the Muslims in Xinjiang, but keep on killing the Muslims in the Middle East and letting Americans killed by the virus or die because of snow storm.

Americans are really 'great' people.

USA, a country of fake news and lies and fake press freedom

 More glaring evidence about how fake the Americans are in their freedom of the press, fake news media, champions of human rights, abuses of power. Read what John Swinton, Chief of Staff of NYT said below and slap yourself if you have been a blind believer of American lies. 

Shame on you, lying journalists, hypocrites. And shame on you, gullible unthinking believers of white lies.

John Swinton on the independence of the press

Variations on the quote below have been misattributed as a response to a toast, by John Swinton, as "the former Chief of Staff at the New York Times", before the New York Press Club in 1953. However, research reveals that Swinton (1829-1901), after moving to New York, wrote an occasional article for the New York Times and was hired on a regular basis in 1860 as head of the editorial staff. Afterward holding this position throughout the Civil War, he left the paper in 1870 and became active in the labor struggles of the day. He later served eight years in the same position on the New York Sun and later published a weekly labor sheet, John Swinton's Paper.

The remarks were apparently made by Swinton, then the preeminent New York journalist, probably one night in 1880. Swinton was the guest of honour at a banquet given him by the leaders of his craft. Someone who knew neither the press nor Swinton offered a toast to the independent press. Swinton outraged his colleagues by replying:


There is no such thing, at this date of the world's history, in America, as an independent press. You know it and I know it.

There is not one of you who dares to write your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinion out of the paper I am connected with. Others of you are paid similar salaries for similar things, and any of you who would be so foolish as to write honest opinions would be out on the streets looking for another job. If I allowed my honest opinions to appear in one issue of my paper, before twenty-four hours my occupation would be gone.

The business of the journalists is to destroy the truth, to lie outright, to pervert, to vilify, to fawn at the feet of mammon, and to sell his country and his race for his daily bread. You know it and I know it, and what folly is this toasting an independent press?

We are the tools and vassals of rich men behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities and our lives are all the property of other men. We are intellectual prostitutes.

Despite the misattribution, the quote raises the issue of whether there is not continuing truth in Swinton's remarks, and whether some candid journalist might not be able to fairly say similar things today. Anyone who has associated closely with journalists can hardly avoid finding a ring of truth in such words, and the best evidence lies in the actual product of journalists and how well, or how poorly, it both agrees with and covers what actually happens, especially involving such things as corruption and abuse of power.

Source:  https://constitution.org/2-Authors/jroland/pub/swinton_press.htm

Covid19 - Why I choose the traditional vaccines instead of mRNA vaccines

 The traditional vaccine is produced using dead Covid19 virus to stimulate your body to produce antibodies to destroy the dead virus. After this phase, your body would be able to recognise a Covid19 virus and repeat the production of antibodies to deal with it. It is a simple tested process. Dead virus would not harm the body system. 

Why mRNA is a bit more dicey? The mRNA, m stands for messenger, is not dead virus. It is a part of the Covid19 virus, virile, and when injected into the body, the messenger will activate the body to produce more mRNAs, simulating a Covid19 attack. The amount of mRNA produced by the body is variable depending on the individual.  When too little is produced, the body may not react and produce enough antibodies to deal with the attack., thus rendering the vaccine ineffective.

When sufficient mRNA is produced, in simple terms, the normal reaction, the body would produce the necessary amount of antibodies to kill the mRNA and after that the body would be ready to tackle any Covid19 virus attack. The body is thus trained and immuned in a way from Covid19 attack.

The problem is when the body produces too much mRNAs.  When this happened, more antibodies must be produced to kill them off, causing great stress on the body system. Some may be able to recover from this, some may not.

Another problem is, what if not all mRNA were killed off? RNA and DNA are basic building blocks of cells and could freely attach to each other, a bit here, a bit there, leading to new DNAs. The permutations and combinations are infinite though the chances are very small. What if it happened, and with millions of people being injected with mRNAs, surely a few may get into this complication. Then the origin of the mRNA becomes an issue.  What animal was used to extract the mRNA? The new DNAs could have parts of the DNA of the animal. Then sci fi fiction may come true. No one is sure about this as Nature has a funny way of finding its own way to reproduce itself.

The mRNA vaccines thus has two processes against the traditional vaccines that only reacted to the dead virus to produce antibodies.  One process of the mRNA is to stimulate the body to produce more RNAs. Too little or too much would not have the best results. Too much could have too much problem, too little have too little problem.

The second process is for the presence of RNAs, technically would not lead to Covid19 infection, to activate the body defence system to produce antibodies to kill them. When too much RNAs were stimulated, proportionally more antibodies needed to be produced and this may cause too much stress, depending on the individual.  Older folks may not take the stress well.

The third part,  not part of the process, is the possibility of RNA bits fusing with the body DNA bits. This can be considered rare but not totally impossible.  This could become another problem. The result of such a combination could only be seen, unfortunately, over a longer time phase.

So, I would opt for the traditional vaccine, even if it would come later.  Singapore's situation is fairly well controlled and we are not in high risk countries like the USA or India and Brazil. There is no need to rush and no need to try the new mRNA vaccines which were approved for emergency use only.

This is my personal view and why I prefer to wait for the proven and well tested traditional vaccines.

Truth Hurts: The Pathetic, Programmed Singaporeans

 Truth Hurts: The Pathetic, Programmed Singaporeans

Singapore kids are drilled day in day out from Play School to K1 and K2, from Primary 1 to Primary 6, from Secondary 1 to Secondary 5, from ITE to Polytechnic, from Junior College to University, from National Service to Reservists to become Obedient Dumb-Asses, unable to think by themselves for themselves without guidance and instructions from somebody above them.

India's kids are taught and trained from very young by their parents, teachers, peers and the corrupted environment to learn to survive and flourish under difficult and disadvantaged situations at all times and against all odds. Learning how to talk their way out of any situation, in order to get what they want, is the foremost requirement in their life-long learning criteria.

Singaporean kids have been systematically and subtly groomed to become daft and idiotic for at least 20 years of their early lives. Equipped with a string of deficiencies - serious lack of critical thinking ability, lack of survival instinct and lack of fighting spirit, always obey the authority and not allowed to protest - Singaporeans are doomed to fail in the competitive job markets locally and elsewhere, made more difficult by government's treacherous open-legs policies.

Growing up afraid of this and afraid of that, a Singapore child becomes by default a kiasu and kiasi young adult when he turns 21 years old. Learning to obey the Authority without question is their life-long learning
criteria.

Therefore, when Election time comes, he or she will obediently and cowardly vote to retain the party in Authority, in power, to give him or her guidance and instructions like a slave receiving orders from his/her Master. By now, if he/she has no guidance and instructions, he/she simply don't know what to say and don't know what to do. He/she has become a human robot, except that it needs eat, shit and get screwed.

Accustomed, groomed and trained to be a human robotic machine, a young Singapore adult, that is unable to protest, will simply and obediently suffer in silence.

Take a look at their social media pages and blogs such as RB's, TOC and TRE, you will know that only a small handful of Singaporeans have shown interests in the political development in this country. This distinctly shows that Singaporeans are unable to voice political conviction or disinterested in participating in the process of running the country, allowing their lives to be run over and under by the ruling elites.

This is the pathetic and tragic state of affairs for Singapore and Singaporeans. Until and unless this systemic social engineering psychological programme is stopped and reversed, Singapore and Singaporeans will continue to go down the rabbit hole in this created surreal Alice Wonderland, a socially-engineered Dreamland full of hidden oversized creatures which are devious, hungry and vicious.

May God have mercy upon us!


SSO - 18 February 2021.