Thursday, August 27, 2009

"Gian Png" Temasek Needs Retail Investors?

For the benefit of those who do not understand the Hokien dialect, "Gian Png" literally means "hungry for rice" or if I may, "needs more money to survive".

Temasek needs retail investors? [Link]

It needs to update its Charter? [Link]

Does it actually matter to common citizens like me?

To whom does the murky money (whatever that's left) in Temasek (or even GIC) belongs to?
  1. We, the citizens of Singapore?
  2. The PAP Government?
  3. Or "Monopoly Money" of the rich and famous to play with?
And who is accountable for the losses so far?
  1. We, the citizens of Singapoor?
  2. The PAP Government?
  3. The Ministry of Finance (during LHL or Tharman's tenure)?
  4. Temasek's Board of Directors (whoever they are)?
  5. Chairman Dhanabalan?
  6. CEO Ho Ching?
  7. Or shall we put the blame on Chip Goodyear? Ooops . . '
Actually I think both Dhana and Ho Ching are loss for words to describe the loss so far.

Maybe the GreatGrandma of my granddaughter is right after all. She always advises me to let things be. Don't rant. Don't bitch. She tells me that the Power that is (be it PAP govt, CPF Board, HDB, IRA, the Police, the Judiciary, Temasek, etc) has the Power. Simple as that!

They do their "thing" and there's nothing non-elite citizens can do about it . . . except to rant, bitch or vote. And serious feedback (PR gimmick) so often requested even by the PM is nothing but another "chui kong lumpar song" ( mouth talks, testicles titillate).

NMP Viswa Sadasivan is one good example. It is so sad that feedback to build a more inclusive society is but a joke after NMP Viswa Sadasivan with his brilliant truth got shot down by LKY and NEH. The heart of the matter is: Truth bloody hurts! Both the giver and recipients!

Great Grandma (whose husband would be as young as LKY today but decided to let go at age 73) is wise enough to advise that voting them out would be tough because of the gerrymandeering and the silly GRC. One man one vote but one constituency needs 6 bloody MPs? It becomes a greater joke when the GRC is meant to protect the minority and the Pledge is nothing but an Aspiration. A bloody insult to the good names of David Marshall, JB Jeyaratnam, Rajaratnam, Othman Wok, E W Barker and other politicians who truly deserved their parliamentary seats, regardless of race language or religion. Of course, the Election Department under the purview of the PM's office [Link] is another reason why the Pledge is just an Aspiration.

Temasek
Old Charter?
New Charter?
Who cares
Except
The
Power
That
Is

Flip flop? Damage control? Call it what you may. A rose by any name would smell as sweet. Alas, Temasek doesn't.

Even if truth hurts,
The Art of Living is To Die Young . . . . . . . . As Late As Possible!

Yes, to every life, a little rain must fall.

We need the water.

feedmetothefish

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