I read of "Olam, Temasek and Singapore" [Link] and I went, "Wow, Balding got balls!" Muddy Water took Olam on but Balding is taking on the FamiLEE! Go figure who the head honchos of GIC and Temasek are . . .
If not sued, poor Balding may have to wait longer than 56-man years to get an answer to his query. Optimistically, maybe after the next General Election of 2016 . . . if we get a government other than PAP!
With the recent strike of PRC bus drivers and now construction workers [Link] and the damaging article by Christopher Balding, are we seeing the beginning of an end?
The last strike I witnessed was at Shenton Way, led by then NTUC Chief Ong Teng Cheong who later became our President. According to this interview with Asiaweek [Link], he said he sanctioned the strike without the prior knowledge of the cabinet ministers because they would have stopped him. He was the only President who had the 'balls' to ask PAP government for numbers on our reserve but was told he had to wait 56-man years for the answer. He was also a President not given a state funeral because "Persons who have made truly exceptional contributions will receive a state funeral. The decision to hold one is made by the Prime Minister and the Cabinet."[Link]
With the strikes and this damaging article, are we seeing the beginning of an end to:
the silent suffering of the workers who are badly treated by careless and callous self-serving bosses?
the suing and demand for damages by rich powerful politicians to silence frivolous and slanderous remarks and articles that are injurious to the persons' reputation?
Why aren't they going after Balding the way they went after J B Jeyaratnam and Chee Soon Juan? Because Balding is not a member of an opposition party? Or do they expect Balding's article to die a quiet death and forgotten, not unlike the disquiet generated by PAP MP Seah Kian Peng on his intervention of a traffic warden's job. [Link] As so often practiced, they ignore, reply not and hope that daft Singaporeans will forget the incident and we end up being "buy and fix" [Link] again.
Or has the reputation and integrity of Singapore politicians gone down the gutters into the sewage that it is not worth defending anymore?
Or is what written by Balding the truth? If it is the truth, then it is not the reputation of rich and famous politicians but the future of Singapore and Singaporeans that's gone to the pit!
It does not take a brilliant economist or financial wizard to know that the intent of the government in shifting of goalposts of CPF, namely,
The delay of withdrawal age from 55 to 62 to God-knows-when
The continuing increase of Minimum Sum Scheme
The continuing increase of Medisave
The launch of CPF Annuity (CPF Life Plan) and
The ever-increasing price of HDB flats (price doubled within a decade!)
is to hold on to our money as long as possible . . . to the detriment of the CPF members.
I know because I'm a member of CPF who has lost my rights to the money that belongs to me through my hard work via blood, sweat and tears through all the years.
The retiring rich who treats CPF savings as loose change will never understand the plight of those who have less. For the less endowed who lose their job through challenges of cheap foreign labour or diminishing health, it makes no sense to lose one's dignity to borrow from "Ah Long" or bother friends and relatives for money when one has tens of thousands of dollars that one cannot touch in my CPF!
To add insult to injury, I have to fookin' pay a penalty of $3 plus (Admin Fee) to utilise my own Medisave when I opt to pay for my outpatient treatment at Polyclinic. Their contemptible ways to discourage CPF members from using their hard earn savings is indescribably deplorable!
Any wonder why many commoners are fookin' PAP for the heartless policies and celebrating the rise of the opposition?
Right fish. If Singaporeans want a realistic and honest answer as to what is happenning with our money in CPF, Temasek and GIC, they need to do something radical in 2016.
The way things are, what good is there for most Singaporeans other than the rich, to have a Government that prides itself on constantly pushing and achieving stellar economic progress and growth, yet squeezing every cent of our blood and sweat money. What good does the 17% returns on investment from Temasek or GIC is translated into providing a better life for the poorer sector of the population?
I wish very much that what you are hoping for in 2016 will come into reality.
Why would they take action against Christopher Balding when they did not take on Robert Ho who alleged that Goh Chok Tong and Company were in a polling station during a General Election?
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December 7, 2012 12:22 AM "What good does the 17% returns on investment from Temasek or GIC is translated into providing a better life for the poorer sector of the population?"
Correct. Even if we have $100 trillion dollars cash in the S'pore Reserves, there still won't be anything for the poor and elderly. Nothing will change because the Pro Alien Party is not working to better the lives of Singaporeans.
Where is the money? Even at 100% returns, they only give us pathetic2.5% return on ord CPF and 4% return on special and medisave. You will be lucky if you still have some monies left to earn that return. All schemes there to wipe out whatever you can have in CPF. We have to vote in more alternative parties into power for accountability and transparency before all is lost and gone.
Looking at the support of alternative parties, i am quite surprised that PAP can get 60% votes. Something fishy. 'If voting can make any difference, we will not be allowed to do it" - Mark Twain.
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"Why aren't they going after Balding the way they went after J B Jeyaratnam and Chee Soon Juan?"
Because C Balding is in Hong Kong and not Singapore, so is beyond their reach. How many cases have they taken to a foreign jurisdiction and won? See how they are faring in the Ionescu case. In the case of Pedra Branca, both governments decided to refer to the International Court of Justice for arbitration - and did Singapore win totally?
Do they behave like lions when at home, but like wimps abroad? And what do you think how they treat foreigners compared to true blue Sinkies? If the strike had been by Sinkies, would they have invoked the ISA? Workers rights have been subverted to their push for ecocomic growth at any cost, and the continuance of their stranglehold on political dominance.
And what is Meritocracy? If you are an Elite or well connected, you are well rewarded? So there is no merit in being a run-of-the-mill worker? How did Singapore progress to this stage - by the sole efforts of the Elites, or by the blood, sweat, tears and backs of the people? And has Singapore's "success" been shared equitably? If the 60% wakes up, then perhaps: "Now this is not the end. It is not even the beginning of the end. but it is, perhaps, the end of the beginning." - Winston Churchill
Well, if Olam goes down, it will be another feather in the cap for the jinx and Temasek, for the wrong reasons! Die die they must try to support and save some face.
Whether Singapore or Singaporeans gain anything is another matter, which someone commented appropriately that Temasek existence does not to benefit ordinary Singaporeans.
Charity begins at home. But Olam is a Nigerian company... yes?
Olam was established in 1989 in Nigeria by the Kewalram Chanrai Group to set up a non-oil based export operation out of Nigeria, with the primary objective of securing hard currency earnings to meet the foreign exchange requirements of other Group Companies in Nigeria.
Limpeh has completely brainwashed Sinkies into thinking that only the elites (as defined by Limpeh) is capable of leading Singaporeans into our next era of greatness.
Whenever I read anything LKY says, I always cross-reference it with the American Declaration of Independence. It's a simple one page document. But it encapsulates the essence of what makes America great. "That all men are created equal..." i.e. that we the common people have the inalienable right & capability to make a difference. The phrase "boh pian" does not exist.
Below are the key paragraphs;
"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.
— That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed,
— That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
http://www.ushistory.org/declaration/document/
If you change your mind, you can change your world.
If you believe this feels right, spread the message to your friends & relatives.
Quote, ".......This year, Formula One filed for an initial public offering on the Singapore stock exchange, with an intended valuation of as much as $10 billion. Mr. Ecclestone’s net worth is estimated at $2.4 billion. ........................ In 2011, the German media reported accusations that the deputy chief of BayernLB, Gerhard Gribkowsky, had taken a $44 million bribe from Mr. Ecclestone in connection with the sale of Formula One. Mr. Gribkowsky was responsible for the disposition of the bank’s 47.4 percent interest in Formula One. ...... At the banker’s trial in Munich last year, Mr. Ecclestone testified that Mr. Gribkowsky was “shaking him down,” and that the payment was made to prevent Mr. Gribkowsky from claiming to the British tax authorities that Mr. Ecclestone controlled the Bambino trust, something that would invalidate the ability of the trust to hold the Formula One stake tax-free. ..........Moreover, Bluewaters claimed BayernLB had paid Mr. Ecclestone $41.4 million from the funds it received from CVC in order to then pay Mr. Gribkowsky to steer the bid to CVC. ......................... Formula One acknowledged in its Singapore I.P.O. prospectus that was highly dependent on Mr. Ecclestone. Market turmoil in June led Formula One to abandon its initial offering. And Mr. Ecclestone is still intimately involved: the Bambino trust holds 8.5 percent of Formula One, and he owns 5.3 percent. ................................... This is a troubled time for CVC and Formula One. They risk losing Mr. Ecclestone as they become embroiled in multiple investigations. And it will certainly be much harder to take the company public or sell it. Ultimately, though, this is a lesson in deal-making and how the machinations surrounding any sale can lead those involved to extreme measures, even possibly illegal ones. ......." unquote
(For CVC Capital, Formula One's Perils Extend Beyond the Racecourse - NYTimes_com) http://dealbook.nytimes.com/2012/12/04/hazards-of-formula-one-extend-beyond-the-racecourse/
(S'pore is what it is today because of globalisation Lee Kuan Yew - Channel NewsAsia) http://www.channelnewsasia.com/stories/singaporelocalnews/view/1227352/1/.html
(Total.com - Total's Formula 1 commitment in 2012) http://www.total.com/en/about-total/news/news-940500.html&idActu=2769
(Singapore a “Barren Island” in the 1950s A miscommunication or another untruth Jentrified Citizen) http://jentrifiedcitizen.wordpress.com/2012/09/24/singapore-a-barren-island-in-the-1950s-a-miscommunication-or-another-untruth/
(Of Opportunists and Sycophants in Academia « Singapore Armchair Critic) http://singaporearmchaircritic.wordpress.com/2012/07/11/of-opportunists-and-sycophants-in-academia/
(Singapore F1 extension not a done deal S’pore GP Fit to Post Sports - Yahoo! Sports Singapore) http://sg.sports.yahoo.com/blogs/fit-to-post-sports/no-done-deal-pore-gp-extension-113240715.html
(I came, I saw, I solved it_ Pt 5 SOME RECENT LIES BY PAP GOVT LED BY LIAR KY OF COURSE) http://i-came-i-saw-i-solved-it.blogspot.sg/search/label/Pt%205%3A%20SOME%20RECENT%20LIES%20BY%20PAP%20GOVT%20LED%20BY%20LIAR%20KY%20OF%20COURSE
(BBC News - Ex-banker jailed for taking bribes from Bernie Ecclestone) http://www.bbc.co.uk/news/business-18625773
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I'm sick and tired of being sick and tired.
The double speak, the hubris that I get from the power that is especially the leeders irks me no end.
The balls carrying sychophantic mainstream media suffocate me. I can hardly breathe.
Some say I may get radicalised, but fortunately, the alternative news and views that I get from internet keeps me sane.
The ability to write in this blog gets the elephant off my chest and helps me breathe easier. It lightens me up!
When it's all said and done, just feedmetothefish.
With my crazy writing, my children and the greatgrandma of my granddaughter worry that the "legal/factual" big stick will come after me for being radicalised or for being ridiculous:)
Hopefully, the fish will get me first:)
Thank you for visiting.
56 Comments:
Right fish. If Singaporeans want a realistic and honest answer as to what is happenning with our money in CPF, Temasek and GIC, they need to do something radical in 2016.
The way things are, what good is there for most Singaporeans other than the rich, to have a Government that prides itself on constantly pushing and achieving stellar economic progress and growth, yet squeezing every cent of our blood and sweat money. What good does the 17% returns on investment from Temasek or GIC is translated into providing a better life for the poorer sector of the population?
I wish very much that what you are hoping for in 2016 will come into reality.
Why would they take action against Christopher Balding when they did not take on Robert Ho who alleged that Goh Chok Tong and Company were in a polling station during a General Election?
Please google Robert Ho.
Take legal action against Balding?
They will have to open the books to show that Balding is lying.
Just like Durai?
Sue and lost.
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December 7, 2012 12:22 AM
"What good does the 17% returns on investment from Temasek or GIC is translated into providing a better life for the poorer sector of the population?"
Correct.
Even if we have $100 trillion dollars cash in the S'pore Reserves, there still won't be anything for the poor and elderly.
Nothing will change because the Pro Alien Party is not working to better the lives of Singaporeans.
PAP-MIW Jokes
-------------
Q: What's the difference between an onion and a PAPig?
A: You don't cry when you chop up a PAPig!
Q.What's the difference between a dead dog and a dead PAPig?
A. There are skid marks in front of the dead dog.
Where is the money? Even at 100% returns, they only give us pathetic2.5% return on ord CPF and 4% return on special and medisave. You will be lucky if you still have some monies left to earn that return. All schemes there to wipe out whatever you can have in CPF. We have to vote in more alternative parties into power for accountability and transparency before all is lost and gone.
Looking at the support of alternative parties, i am quite surprised that PAP can get 60% votes. Something fishy.
'If voting can make any difference, we will not be allowed to do it" - Mark Twain.
Does Temasek Holdings exist to benefit Singaporeans?
Curious Singaporeans want to know.
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write. The sector hopes for more passionate writers like you who
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Is the Pro Alien Party working hard for the benefit of all Singaporeans?
Curious Singaporeans want to know.
"Why aren't they going after Balding the way they went after J B Jeyaratnam and Chee Soon Juan?"
Because C Balding is in Hong Kong and not Singapore, so is beyond their reach. How many cases have they taken to a foreign jurisdiction and won? See how they are faring in the Ionescu case. In the case of Pedra Branca, both governments decided to refer to the International Court of Justice for arbitration - and did Singapore win totally?
Do they behave like lions when at home, but like wimps abroad? And what do you think how they treat foreigners compared to true blue Sinkies? If the strike had been by Sinkies, would they have invoked the ISA? Workers rights have been subverted to their push for ecocomic growth at any cost, and the continuance of their stranglehold on political dominance.
And what is Meritocracy? If you are an Elite or well connected, you are well rewarded? So there is no merit in being a run-of-the-mill worker? How did Singapore progress to this stage - by the sole efforts of the Elites, or by the blood, sweat, tears and backs of the people? And has Singapore's "success" been shared equitably? If the 60% wakes up, then perhaps:
"Now this is not the end. It is not even the beginning of the end. but it is, perhaps, the end of the beginning." - Winston Churchill
In short, just vote Opposition.
Then we will have a real NatCon ... in the Singapore parliament which is the rightful place for a NatCon.
What does Singapore gain for Temasek to throw money at Olam?
How does PAP benefit?
If Olam goes down will the HoLees leave?
Well, if Olam goes down, it will be another feather in the cap for the jinx and Temasek, for the wrong reasons! Die die they must try to support and save some face.
Whether Singapore or Singaporeans gain anything is another matter, which someone commented appropriately that Temasek existence does not to benefit ordinary Singaporeans.
If Olam were listed in Indonesia.
And TummySick were an Indonesian SWF.
The Indonesians will definitely know why TummySick is so keen to support Olam.
Is ok... singgies are very charitable
and tolerant, will give donations to anyone who sobs.
After losing millions, just cry, say sorry and donations will pour in.
After all, charity begins at home right?
Charity begins at home.
But Olam is a Nigerian company... yes?
Olam was established in 1989 in Nigeria by the Kewalram Chanrai Group to set up a non-oil based export operation out of Nigeria, with the primary objective of securing hard currency earnings to meet the foreign exchange requirements of other Group Companies in Nigeria.
http://olamonline.com/about-us/our-heritage
Limpeh has completely brainwashed Sinkies into thinking that only the elites (as defined by Limpeh) is capable of leading Singaporeans into our next era of greatness.
Whenever I read anything LKY says, I always cross-reference it with the American Declaration of Independence.
It's a simple one page document.
But it encapsulates the essence of what makes America great.
"That all men are created equal..."
i.e. that we the common people have the inalienable right & capability to make a difference.
The phrase "boh pian" does not exist.
Below are the key paragraphs;
"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.
— That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed,
— That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
http://www.ushistory.org/declaration/document/
If you change your mind, you can change your world.
If you believe this feels right, spread the message to your friends & relatives.
Quote,
".......This year, Formula One filed for an initial public offering on the Singapore stock exchange, with an intended valuation of as much as $10 billion. Mr. Ecclestone’s net worth is estimated at $2.4 billion.
........................
In 2011, the German media reported accusations that the deputy chief of BayernLB, Gerhard Gribkowsky, had taken a $44 million bribe from Mr. Ecclestone in connection with the sale of Formula One. Mr. Gribkowsky was responsible for the disposition of the bank’s 47.4 percent interest in Formula One.
...... At the banker’s trial in Munich last year, Mr. Ecclestone testified that Mr. Gribkowsky was “shaking him down,” and that the payment was made to prevent Mr. Gribkowsky from claiming to the British tax authorities that Mr. Ecclestone controlled the Bambino trust, something that would invalidate the ability of the trust to hold the Formula One stake tax-free.
..........Moreover, Bluewaters claimed BayernLB had paid Mr. Ecclestone $41.4 million from the funds it received from CVC in order to then pay Mr. Gribkowsky to steer the bid to CVC.
.........................
Formula One acknowledged in its Singapore I.P.O. prospectus that was highly dependent on Mr. Ecclestone. Market turmoil in June led Formula One to abandon its initial offering. And Mr. Ecclestone is still intimately involved: the Bambino trust holds 8.5 percent of Formula One, and he owns 5.3 percent.
...................................
This is a troubled time for CVC and Formula One. They risk losing Mr. Ecclestone as they become embroiled in multiple investigations. And it will certainly be much harder to take the company public or sell it.
Ultimately, though, this is a lesson in deal-making and how the machinations surrounding any sale can lead those involved to extreme measures, even possibly illegal ones. ......." unquote
(For CVC Capital, Formula One's Perils Extend Beyond the Racecourse - NYTimes_com)
http://dealbook.nytimes.com/2012/12/04/hazards-of-formula-one-extend-beyond-the-racecourse/
(S'pore is what it is today because of globalisation Lee Kuan Yew - Channel NewsAsia)
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1227352/1/.html
(Total.com - Total's Formula 1 commitment in 2012)
http://www.total.com/en/about-total/news/news-940500.html&idActu=2769
(Singapore a “Barren Island” in the 1950s A miscommunication or another untruth Jentrified Citizen)
http://jentrifiedcitizen.wordpress.com/2012/09/24/singapore-a-barren-island-in-the-1950s-a-miscommunication-or-another-untruth/
(Singapore Notes Myth Busters)
http://singaporedesk.blogspot.sg/2012/09/myth-busters.html
(Of Opportunists and Sycophants in Academia « Singapore Armchair Critic)
http://singaporearmchaircritic.wordpress.com/2012/07/11/of-opportunists-and-sycophants-in-academia/
(Singapore F1 extension not a done deal S’pore GP Fit to Post Sports - Yahoo! Sports Singapore)
http://sg.sports.yahoo.com/blogs/fit-to-post-sports/no-done-deal-pore-gp-extension-113240715.html
(毛泽东的大饥荒:中文字幕版 - YouTube)
http://www.youtube.com/watch?v=YygRj1jqVLw
(philosopher.org/Socratic_Method.html)
http://www.philosopher.org/Socratic_Method.html
(Mariah Carey ft Whitney Houston When You Believe HD - YouTube)
http://www.youtube.com/watch?gl=SG&hl=en-GB&v=eAM2-hg7xJs
Joshua Chiang
(I came, I saw, I solved it_ Pt 5 SOME RECENT LIES BY PAP GOVT LED BY LIAR KY OF COURSE)
http://i-came-i-saw-i-solved-it.blogspot.sg/search/label/Pt%205%3A%20SOME%20RECENT%20LIES%20BY%20PAP%20GOVT%20LED%20BY%20LIAR%20KY%20OF%20COURSE
(BBC News - Ex-banker jailed for taking bribes from Bernie Ecclestone)
http://www.bbc.co.uk/news/business-18625773
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لمقاومة الأمر و الوصول لأفضل النتائج و التخلص السريع و النهائى من التسربات بل و تقديم الضمان لفترة زمنية نضمن بها لك عدم حدوث تسرب أخر فى المكان الذى حدث بة التسربات و
التى يمكن أن تسببها التسربات من خسائر و مشكلات
أما عن حدوث تسربات فى المؤسسات العامة و الخاصة مثل الشركات و المكاتب الأستشارية و غيرها من الأماكن التى تقدم خدمات و ربما تشرف على أنتاج سلع و تتعامل مع العملاء طوال الوقت أن حادث حدوث تسربات فى تلك المؤسسة كفيل أن يلحق بها العديد من المشكلات و التى يتريب عليها الخسائر المادية الفادحة و التى تتمثل فى إيقاف العمل و بالتالى إيقاف الصفقات و التعامل مع العملاء و التوقف عن تقديم الخدمات للعملاء بحسب نوع و طبيعة عمل الشركةشركة نقل اثاث بالخبربالجبيل لا تكتفى بهذا فقط فنحن نقدم العديد من الخدمات و العروض و الأسعار التى لا تقبل المنافسة و هكذا تستمر شركتنا فى تقديم المزيد لعملائها و التى تسعى دائما للحصول على ثقتهم الغالية و من أمثلة تلك الخدمات الأخرى التى تقدمها الشركة فى خطوة لتكامل الخدمات التى تقدمها الشركة مع الفرق الفنية المحترفة
الأماكن التى تكثر بها التسربات ؟
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أن التسربات تهدد الجميع البيوت و المؤسسات العامة و الخاصة بل و خطوط الأنتاج و المخازن و دعنا نتعرف على مدى خطورة التسربات فى كل من هذة الأماكن و كيف يمكنك التعامل معها بشكل واعى و سليم و راقى و يسمح لك بكسب فرص أكبر فى العمل من أجل أنهاء التسربات و الكشف عنها فى البداية تبدأ التسربات من حيث توجد مواسير المياة نعم أسمع ما تقولة أنها حقا كما قلت الحمامات و المطابخ و تلك الأماكن هى التى تكون فى الغالب و دائما الضربة الأولى للتسربات و التى تستهدفها التسربات ثم تنتقل إلى الأرضيات و الأسقف و الجدران و تتخلل داخل مكونات المبنى و تعبث بها و تقوم بنشر عوامل الهدم لكن هل تعلم أن التسربات تسبب العديد من المشكلات الأخرى دعنى أخبرك
ذكرنا أن التسربات تهدم المبنى لكنها تؤدى للمزيد من الخسائر و هذا مع أختلاف المكان التى تضربة و على سبيل المثالشركة نقل اثاث بالخبر
التسربات فى البيوت تؤدى لتشقق الجدران و كما ذكرنا التأثير على العمر الأفتراضى للمبنى و بالتالى تلف الديكورات أن تطور الأمر و أيضاً السجاد و الموكيت و العديد من الأشياء الأخرى
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العديد من الناس يرى أن التسربات هى من المشكلات السهلة أو بمفهوم أكبر لا يمكن لها أن تحقق و تكبدنا كل هذة الخسائر نعم اتفق معك فى أن هدم العقار هى المهمة الأخيرة أو المرحلة الأخيرة التى يصل لها التسرب للمياة فى المبنى و أنها مشكلة قد تحدث على المدى الطويل لكنها ليس المدى الطويل جدا فقط لا تتعدى الثلاث أعوام و تجد المبنى قد أنهار بالفعل و مع زيادة التسربات تزداد القطر بالمواسير و التى هى السبب فى التسرب و تستمر فى الزيادة و النمو و الأتساع و يؤدى إلى السرعة فى السير نحو تلك الكوارث و المياة تقوم بالعديد من التغيرات الجيولوجية على الأحجار و الصخور و لا سيما الأسمنت و الأحجار المستخدمة فى البناء و حديد التسليح التى مع توافر الأكسجين يسبب لة الصدأ و يفقد قدرتة على الصمود
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