Throwing money mindlessly in mindless third world country

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

Correspondent 2019-08-12 

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.

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.

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.

Hong Kong - Protesters telling the truth?

Hong Kong protesters rally at airport to share 'the truth'

This is the statement the demonstrators occupying Hong Kong international airport are trying to say to the visitors. The kids claimed that Hong Kong is ruled by 'tyranny and police brutality'. Is that the truth? The world have previews of all the demonstration rallies and could see how violent the protesters were, I mean the kids. They attacked policemen and police stations, ransacked Parliament and govt offices. There were violence and rioting on the streets. These are lawless mobs, burning, beating people and policemen and destroying properties.

The fact that no one die was due to the restraints of the police. The protesters should be grateful to the police for their mercy.

Now, what truth are they trying to say? The truth is that Hong Kong is a tiny bit of China. China would not allow Hong Kong to go independent or break away. Period. A Hong Kong that is independent and under the influence of the West, would be a malignant growth, a cancer in the throat of China. This is never to happen at any cost, just like Taiwan would not be separated from China and to allow the West to use it to create mischief for China. It is impossible, a lost cause from the start. China would lock down Hong Kong if needed to, destroyed, but would never allow it to become a western base to undermine China's interests.

The rioting kids, and the lunatic adults hiding behind them, think they have the Americans and the West supporting them and they can run wild to wrestle Hong Kong from China. They think that world opinion would help them to win their cause.

The cost of this lunacy would be their lives and the future of Hong Kong as a thriving financial centre of China. 

Today, Hong Kong is dispensable. Everything Hong Kong does can be replicated and replaced by other cities of China. 

Today, China is not a downtrodden poor country easily invaded by foreign forces. 

Today, China is able to match the Americans in every way in a major war. 

Today, the Chinese people are united and the thought of becoming a colony and subjects of a foreign power is shameful, disgraceful and unacceptable.

When China was poor and weak, they stood up to fight the Americans and 22 countries combined in the war against American Imperialism in Korea and won. Today, China would turn Americans and another 22 countries, if the Americans could gather, into minced meats. What is 1m lunatics running wild in the streets of Hong Kong? China could pour in 2m volunteers to flood the streets of Hong Kong and suffocate the mobs with a snap of the finger, and the Americans and the West could do nothing about it.

These are the truths that the mobs need to know. They are disposable and dispensable gun fodder. The only way for them going forward is to migrate to their western countries of choice and be subjects of the western countries. Hong Kong does not need them and they have no place in Hong Kong.  Hong Kong is China.

PS. There is a general belief that the Hongkongers are street smart. So, do they believe that China would let Hong Kong to go independent when the stake is so high? Who managed to convince them, to con them to believe that this is possible? Even if a lot of lives would have to be put down, China would face it and do it to keep Hong Kong as part of China. Hongkongers could not see this hard truth and believe it could be otherwise because some Europeans or bananas told them so?

After a few life times of being controlled and indoctrinated by the West, the Hongkongers forgot that they are as Chinese as the Chinese in China. They forgot that they could rule themselves and run their own country but still clinging to be ruled by Britain and be slaves of the Brits.

Communism is bad, Chinese is bad. There is no successful democratic country in the world. The 'successful' western democracies were successful because of Imperialism and colonialism when they controlled and fed off from their ex colonies and exploited the rest of the world by unfair economic system. Today, without their ex colonies, one by one the western democracies are failing. The USA economy is waiting to implode. The European democracies are going bust one by one and China is stepping in to save them. What an irony. But stupid Hongkongers still could not see the truth.

The rise of China and the demise of the West is a certainty.

VVIPs at National Day Parade

For the first time the heads of govt of Malaysia, Indonesia and Brunei were sitting in the front seats outside City Hall to watch our National Day Parade. This is a good sign of improving relations with our neighbours. And the minister given the task to make the VVIPs comfortable and felt welcome is non other than our Emeritus Minister Chok Tong. And he was coveniently seated next to Mahathir to make Mathathir feel Singapore wanted good relations with him and with Malaysia.

Here is a pic of the close relationship between Singapore and Malaysia and Chok Tong and Mahathir at City Hall on 9 August 19.

Oops, the words above the photo was inserted by some jokers, dunno who.  But it was all in jest. Think Mahathir and Chok Tong would not mind. If they do, I would remove the pic. There were other interesting and cheeky quibbles circulating in the social media like whatsapp and others.

Relac lah. Watching the NDP was meant to be entertaining and fun, like going to a big concert. Smile please.

Singapore bigger or Malaysia bigger

Below is a post credited to a Malaysia author. I hope no one is going play victims of racial or national stereotyping and create a video to attack anyone with vulgarity. Relax man, this is our National Day man. Sssssshhhhh, have another one to post tomorrow.

Today is Singapore's National Day, so it's time for some comparisons.

Their dollar is bigger, our houses are cheaper

Our food is better, their food marketing is better

We argue about religion, they argue about being diligent

We fight over khat, they cut ahead

Our country is bigger, their country is safer

We have the natural resources, but why the hell are they richer?

Cos corruption they're more clean, who cares, we're more "holy"

Our politics is sex videos, their politics is LKY's house

We go there to work, they come here to enjoy

Their airline flies high, our airline loss high

They nourish city trees, we butcher city trees

We have comedy king Harith, they have comedy queen Kumar

Majulah Singapura is original, Negaraku was copied

We both claim chicken rice, but hello, it's actually from Hainan

We have squash champ Nicol, they have swim champ Schooling (damn, he was from

Malaysia actually)

They work like crazy, we work like maybe

We have cheaper cars, they have better transport

We wanna charge them more for water, they say nevermind-la... can drink toilet

water

They want to expand, we say no sand

We were one country, now we're different worlds, first and third

Ummm... did I get anything wrong? Miss anything out? :)

PS. If any uptight people complain that this is sensitive or make a police report, I would gladly apologise and remove this post.

And Selamat Hari Raya Haji to our Muslim brothers and sisters.

RIP Google, here comes HarmonyOS from Huawei

Trump has officially killed Google and Android. Huawei has launched its own operating system HarmonyOS for all its handphones. This is a very powerful and versatile OS and can be used with many other platforms like cars, ipad, digital watchs, TV etc etc. This would mean that all Chinese handphone makers would be switching to Huawei HarmonyOS. The Chinese market would be closed to Google totally The African market and the Indian market are also using Huawei's OS. The rest of the world would follow suit except for North America, the USA.

To the average handphone users, whatever OS is transparent to them and it would not matter much and using Huawei would only mean that they are getting a better and cheaper system. For the sophisticated users, HarmonyOS is much superior than Android and they know and would switch to Huawei by choice.

Samsung would switch to Huawei for its China market for no better reason than convenience as all the Chinese users would be using HarmonyOS. Huawei could deliver the final blow by offering HarmonyOS for free or at a nominal fee to Samsung and also to Apple. What is there left for Google?

Google would become the IT dinosaur of modern technology overnight. It would be buried by its own weight.

Thank you Donald Trump, for delivering this deadly blow to Google and its Android OS.

PS. Apple's share of the mobile phone market is only 10%. Samsung is 23%. China's Huawei and Oppo took the top 2nd and 3rd spots in worldwide shipment of the equipment, taking 18% and 9.5% respectively.  If all the Chinese handphones are added, they took more than 60% of the world market. If Samsung goes HarmonyOS, together they would tak a whooping 83% of the market share.