Lakshmi Vilas Bank - Is DBS India responsible and liable to the crimes of LVB

 Takeovers and mergers in the business world is not something new.  All the sops have been developed for donkey years and any banker handling a takeover or merger would not have to sweat the small stuff to get this done effectively without compromising the interest of the taking over party. All liabilities of the other party would be on the table and any liabilities to be taken over would be clearly spelt out, no hidden liabilities, and if any, would not be the responsibility of the taking over party. This is elementary.

When DBS India was ordered to take over LVB, non voluntary, it has all the rights to refuse unless all the liabilities are taken care of by the Indian govt. There is no reason for DBS India to want to volunteer to take over a failed bank and to assume all its liabilities, known and unknown, including crimes committed by its management. DBS India does not have to do national service for the India in saving failed banks and customers. I am sure DBS India would have absolved itself of all unknown liabilities.  With so many legal experts in their payroll, so many takeover and merger experts in the bank, this basic fiduciary duty must have been taken care of before accepting the deal to protect the bank from unseen losses. Or did they not? Then why not? It cannot be right?

What had happened after the announcement and after paying $460m, we are seeing a long queue of creditors lining up to take DBS India to court and to pay up for the debt and misconduct and crimes of LVB. And DBS India did not say no, none of its business but is seen engaging the claimants as if it is LVB and it has taken ownership of LVB's misconduct and crimes. Can this be true? Would Singaporeans be interested in this commitment? Any question in Parliament by the govt or the opposition MPs on this? Or is this less important than pets and dogs and dog poo?

Did DBS India make it a pre condition with the Indian govt that it should not be liable for LVB's liabilities and crimes if it is to take over the dying bank and pay a ransom for it? It cannot be that DBS India would be so happy to assume all liabilities and crimes of LVB and be responsible for them. What is the true position of DBS India on this? Were these considered before accepting the takeover?

It would be utterly ridiculous for DBS India to take over lock, stock and barrel, including liabilities and crimes of LVB, and the Indian govt now simply fold its arms and say it is now DBS India's baby.

What was the $460m for? Paid to who and paid for what? Why should an innocent party pay for the crimes of a rapist?

What do you think?

Over 1,000 Chinese researchers have left the US to make China greater than America

'Over 1,000 Chinese researchers have left the US in addition to the 1,000 students and academics who had their visas revoked after they were deemed security risks.  Since Chinese researchers are the biggest foreign contributors to US science, their departure will push American science further down the league tables.' Source 'Here Comes China'

The forced expulsion of Chinese researchers, scientists and scholars from America by the Trump Administration, known for being brainless on what is important and what is not, is a repeat of the days of McCarthyism in the 1950s. The evil and anti Chinese Americans are again repeating the same hate campaign against China and anything Chinese. The scale of this purge is unparalled in the history of the USA except during  WW2 when they were persecuting the Japanese for the bombing of Pearl Harbour. Trumpism is very similar with McCarthyism, raising fear of the Chinese Peril to rid the Chinese from racist America.

The implication of this purge to the future of American science and technology is going to be more pronounce and impactful than in the 1950s. In the 1950s, America's loss was the father of America's Rocketry in Qian Xuesen, a prominent rocket scientist in Caltech and head of several depts in the Air Force and Navy. On the contrary, it was the biggest gain for China when Qian became the father of Chinese missile progamme and was credited for detonating China's atomic and hydrogen bombs and also China's Space Programme. Qian was instrumental in China's great leap in nuclear and space technology today.  Without Qian's contribution, no one is sure how far behind the Americans would China be today.

A wrong and silly witch hunt by the racist hate Chinese Americans was a blessing to China then. Today's silliness would have thousands of times more impactful in favour of China than in the 1950s. Several thousands of China's best brains are forced to return to China and would be a big loss to the Americans. The 1950s American Administration was foolish enough to lose Qian despite repeated warnings not to let him return to China. But they were dull enough to think that he was worth 14 American prisoners of war in China in exchange.

Trump and his clueless gangsters did not know how much they are going to lose out with the expulsion of the Chinese scientists and researchers. Among them could be several Qian Xuesens in the making and their combined contributions to China's advancement in science and technology would be far more significant than just one Qian Xuesen that made it possible for China to catch up with the Americans in nuclear and space technology, starting virtually from nought.

China must be very thankful to the foolish Trump for repeating the same horrendous mistake of not keeping the Chinese top brains in America to contribute to America's science and technological advancement. Without Qian, The American Space Programme could not progress further and had to abandon their man mission to the moon for good. China is now going to leapfrog the Americans in putting man on the moon and setting up a moon station to exploit the resources on the planet.

And the few thousands of Chinese experts returning to China would have their works cut out for them, to overtake the Americans in the field of science and technology. Clown Trump and his circus did not know what they have done to undermine America's superiority in science and technology over China.

Well done, clowns.

Save forests or build 4-rooms?

 

 Virgin land between Clementi Road and Bukit Timah Road. Waiting to be raped.

A commentary by Yun Hye Hwang in CNA,  Save forests or build 4-rooms? It’s not a zero-sum game

Conserving our forests is a delicate dance in a land-scarce country and a wicked problem. But this doesn’t mean there are no solutions, says one observer.

SINGAPORE: In late October, drone footage of Clementi Forest went viral, and many came to learn of and appreciate its wild beauty.

But after learning that the land had been earmarked for residential development, some netizens have called for its preservation, shining a spotlight on the dilemma of conserving forests in land-scarce Singapore.

A petition to protect Clementi Forest on Change.org has amassed over 10,000 signatures since its launch on Oct 26.

In response to queries, the Urban Redevelopment Authority (URA) said on Nov 30 that while Clementi Forest is classified as "Residential (Subjected to Detailed Planning)", there are no immediate plans for development yet.

I think all Singaporeans know the answer but did not know the real reason. Many would say good opportunity to build more flats to sell to make more money to pay million dollar salaries. Singaporeans only think of every opportunity to make money and every little corner of the island must be carved out for commercial purpose, to earn more money.

Some may ask, is money the only thing, especially money that does not go into the pockets of ordinary Singaporeans but to make more millionaires? So this piece of nature, a gift bestowed to us by mother nature, for our well being, would soon be turned into concrete jungles to feed more mouths, to allow more people to live on it.

Does Singapore need to build more flats for its citizens? No, Singapore has more than enough flats for its citizens. But Singapore has a bigger mission for the humankind of the world. Singapore has to build more flats to bring in more people from the rest of the world to come here to stay with us, to enjoy this island with us, to work here, to provide jobs for Singaporean, to some, to steal the lunch of Singaporeans.

The first mission is the key. This island is meant to be filled up with more human bodies, bodies from all over the world. Because the whole world is overpopulated, Singapore is not. The cries that we have limited land is a myth. Singapore has all the land for the whole wide world. Singapore if needed to, will build a new Tower of Babel to bring in more bodies here to stay. Or dig in more tunnels to create more space for the bodies of the world. 

For what, a few dirty dollars for who? No, not like that, we just need to build and build and build, for economic growth. Stupid. This is the highest level of thinking in Singapore. There is a little piece of land, good, build more flats or hawker centres. No more land, reclaim, reclaim. We have endless land. Only stupid people said Singapore has not enough land. This is a myth. If this is true, why bringing in thousands and thousands of bodies every year to this island? You think the gods have no brains to think is it? Unthinking gods?

They have very very big plans, to bring in more bodies, 10 millions, 15 millions, 50 millions also can. Use your blains, oops, I mean brains. What is the point to conserving a piece of waste land called forest? No value, no monetary value. 4 rooms flats good, very good.

PS. There is a need to save this world from climate change. Stop using plastic bags. Great effort to start with. As for that forest, let's cut it down for more DEVELOPMENT. Development for what? 

India is overpopulated, Singapore is not. Why build cities in India when you can build cities here and bring the Indians here? This piece of land can bring in another 100,000 bodies comfortably.

Tiok boh?

Can the US voting system be rigged or manipulated? American retired colonel claimed Singapore using American system

 1984 George Orwell said...

This is definitely of public interests:

"In a recent Pennsylvannia Senate Republican lawmaker public hearing into claims of election fraud, retired army colonel Phil Waldronm, who had served in cyber warfare units, said : “The voting systems in the US and in Pennsylvania were built to be manipulated. They’ve been used in elections around the world, in stolen elections around the world, in Venezuela, Italy, Argentina, Singapore, Bolivia as close as two weeks ago.” The colonel has cast aspersion on the integrity of our election system and it behoves on our government to make a public statement to clarify the matter to Singaporeans. None was forthcoming on a matter so serious. Our national reputation has been blemished but instead of a strong rebuttal, we are treated to the circus of a prime minister protecting his personal reputation in 2 simultaneous libel cases in the courts. Or perhaps, with their superior cyber intel, the US knows something and a rebuttal may open up Pandora’s box."


The above paragraph is taken from Chempost published at TR Emeritus today (10 Dec 2020).

1984 GO.

December 10, 2020 11:25 pm

1984 George Orwell said...

Questions:

1. Is Singapore's voting system the same as, or an adaption of, any of the US's voting systems?

2. If so, when did Singapore started using this US voting system?

3. Is it true that the votes can be manipulated?

4. If so, how are votes manipulated, stolen?

5. How much votes (%) can be stolen at any one time, so that suspicions won't be aroused?

6. Does this revelation warrant a Presidential Commission of Inquiry to thoroughly and unbiasedly investigate into the truth, or the extent of truth, and/or falsehood?

7. Would the Elections Department care to respond by declaring that this allegation by the US cyber warfare unit army colonel Phil Waldronm is not true and totally baseless?

8. Is this not a matter of national interest?

9. What are the views of all the political parties' leaders? Why are they keeping so quiet? In this issue, silence is not golden.

Silence means consent or non-commital, both of which are not in good light. 

 1984 George Orwell

 

Pfizer Vaccine - Full Exposure And Revelation Are Required

1984 George Orwell said...

Pfizer Vaccine - Full Exposure And Revelation Required

1. The public has the basic and common right to have the full exposure and revelation of facts and findings of the Pfizer vaccine, or any other vaccine, before they are given the vaccination.

2. Advertising and recommendations, by words of mouth or written, through manufacturer or third parties, must not hide any inconvenient truth, or any facts, from the public whatsoever regarding any vaccine.

3. All vaccines have side-effects, ranging from mild to severe, and from drastic to fatal.

4. If anybody only talked about a particular vaccine's effectiveness without revealing its side-effects, such a vaccine must be viewed with conscious suspicion and great caution.

5. More data is needed to understand the Pfizer Covid-19 vaccine fully, without an iota of doubt.

6. To what extent will it be dangerous to pregnant women, to children, to the aged, and to people who are immuno-compromised?

7. Does the vaccine provide long-term immunization to those who have taken it? If not, how long will it last?

8. Has it been proven, through mass testing, to determine exactly the extent of its efficacy and detriments? How large was the group tested?

9. What percentage of failure-rate and how severe were the failures in terms of human life, health and well-being?

10. Are the clinical test reports made available to the public in full voluntarily, without having to be asked for? If not, why not?

11. Has the manufacturer of the vaccine, deliberately or otherwise, hide any fact or data from the public?

12. Please think hard and do the necessary. Millions of human lives are involved. Human life is precious. One fatal casualty is one too many already. Just imagine that fatal casualty is your ownself or your loved ones.

Be responsible. Be fully responsible!


1984 George Orwell - 15 Dec 2020.

PS: The Pfizer vaccine is singled out because it has been adopted by the Singapore government for mass vaccination usage across the country, even though other vaccines are also available. Moreover, it has only been approved by the US Health Authority for Emergency Use Only, not for everyone anytime. It is, therefore, clear that the US Health Authority has exercised great caution in the application of the Pfizer vaccine, whilst the Singapore "Experts" seem to have failed to consider this aspect.