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SDP calls for public inquiry on loss suffered by GIC in sale of UBS shareSDP calls for public inquiry on loss suffered by GIC in sale... Below is a statement by Singapore Democratic Party (SDP) on the recent news that Singapore investment body, GIC might be looking at a loss of over $5.6 billion after it sold 93 million shares of Swiss bank UBS Group. SDP's statement The recent announcement that the GIC stood to lose in excess of $5.6 billion comes...

Sports Hub CEO: A proud S'porean who didn't serve NSSports Hub CEO: A proud S'porean who didn't serve NS Manu Sawhney became the new Sports Hub CEO in Oct 2015. In an interview about couple of months into the job, he told the media, “As a proud Singaporean, I thought it was a great opportunity for me to play my part in building sports. And using this facility … how do we help put Singapore on the global sporting...

China is behaving more and more like the imperial power of old?China is behaving more and more like the imperial power of... In the just concluded Belt and Road Forum, China has chosen to invite the Heads of Government for some countries, and only a ministerial representative from others. How did China choose? One can only guess from the list that China has separated her close friends and allies, from the rest. Malaysia, Cambodia, Vietnam,...

Is the government really sincere in saying that foreigners should not be involved in local politics?Is the government really sincere in saying that foreigners... The Singapore government has once again made the headlines – by outlawing foreigners from participating in political events in Singapore, such as Pink Dot. Minister Shanmugam claims “As a government, we don’t take a position for or against Pink Dot, but we do take a position against foreign involvement,” “The...

Only 3,800 on Public Assistance?Only 3,800 on Public Assistance? I refer to the article “Lonely and ‘waiting to die’, Singapore’s elderly poor find hope in many helping hands” (Channel NewsAsia, May 19). $500 financial assistance a month It states that ““She was receiving financial assistance, about S$500 a month,” said Ms Ahmala, a care executive with NTUC...

615,000 Chas holders didn’t see a doctor/dentist in 2016?615,000 Chas holders didn’t see a doctor/dentist in 2016? I refer to the article “Steps to boost transparency of Chas bills” (Straits Times, May 15). Subsidies for 685,000 S’poreans out of 1.3m Chas card holders It states that “The money went to subsidies for some 685,000 Singaporeans. Some 1.3 million Singaporeans are now eligible for Chas, and there are about 1,650...

Unprecedented high numbers of balance BTO flatsUnprecedented high numbers of balance BTO flats The latest BTO exercise launched by HDB have thrown up a surprise, in that the Sale Of Balance Flats (SBF) being offered numbered 3,946 flats in 11 young towns and 14 mature estates. These flats have remained unsold from the previous BTO launches. Interesting to note that among the mature estates close to the city centre,...

Is the government really sincere in saying that foreigners should not be involved in local politics?Is the government really sincere in saying that foreigners... The Singapore government has once again made the headlines – by outlawing foreigners from participating in political events in Singapore, such as Pink Dot. Minister Shanmugam claims “As a government, we don’t take a position for or against Pink Dot, but we do take a position against foreign involvement,” “The...

GIC takes “undisclosed” loss on UBS?GIC takes “undisclosed” loss on UBS? I refer to the article “GIC pares stake in UBS at a loss; combined strategy with Citigroup sees positive return” (Straits Times, May 16). It states that “GIC, Singapore’s sovereign wealth fund, which invested in UBS to support it during the 2008/09 global financial crisis, said it has cut its stake in the bank...

Protest using art?Protest using art? It seems like unconventional artistic approaches are gaining much media attention here in Singapore. From the removal of the art installation by SOTA that was done by a student, which bears the name of former teachers and the covering of a HDB staircase with gold foil, the actions of the government in response to these...

Singaporeans gaslighted by the PAPSingaporeans gaslighted by the PAP There's something I want to tell everyone. You're being gaslighted by the PAP. Getting a degree gets you a pay level that's supposed to be acceptable, but now it's no longer so. The truth is there're not enough jobs to go around for degree grads who are expecting degree level pay, even entry pay like 3k a month. So the...

Geylang HDB BTO: 23.5% price increase differential?Geylang HDB BTO: 23.5% price increase differential? I refer to the article “HDB launches 8,748 flats in May, including BTO flats in Woodlands, Yishun, Bidadari, Geylang” (Straits Times, May 18). It states that “Prices range from $73,000 for a two-room flat in Woodlands to $489,000 for a four-room in Geylang.” Cheapest 4-room in Geylang – $489,000? According...

Tony Tan confident in UBS' long-term growth potential but GIC endedup losing US$4b of our reservesTony Tan confident in UBS' long-term growth potential but... In a ST report, it said that GIC is facing a loss in excess of USD4b (S$5.6b) on its investment in UBS Group nine years ago. GIC cut its losses in UBS after selling 93 million shares at 16.10 Swiss francs each on Monday (15 May).GIC invested into UBS in late 2007 at the height of the toxic bond crisis brewing in the world....

Singapore labor laws offer poor protection for workersSingapore labor laws offer poor protection for workers I would like to highlight the severe imbalances in Labor Laws governing relations between a worker and his/her employer. When I was formerly employed by a new start-up now defunct ISP company a few years ago, I reluctantly allowed the director to temporarily not contribute CPF as he claimed he needed the funds to roll...

What Singapore can learn from Harvard Business School?What Singapore can learn from Harvard Business School? I refer to the article “A confidential memorandum to the senior faculty of Harvard Business School” (The Economist, May 6). It states that “YOU will all be aware that a book has just been published about our institution, Harvard Business School (HBS). Entitled “The Golden Passport”, by Duff McDonald, it makes...

Letters
Unprecedented high numbers of balance BTO flats

Unprecedented high numbers of balance BTO flats

The latest BTO exercise launched by HDB have thrown up a surprise, in that the Sale Of Balance Flats...
Geylang HDB BTO: 23.5% price increase differential?

Geylang HDB BTO: 23.5% price increase differential?

I refer to the article “HDB launches 8,748 flats in May, including BTO flats in Woodlands, Yishun,...
Is the government really sincere in saying that foreigners...

Is the government really sincere in saying that foreigners...

The Singapore government has once again made the headlines – by outlawing foreigners from participating...
615,000 Chas holders didn’t see a doctor/dentist...

615,000 Chas holders didn’t see a doctor/dentist...

I refer to the article “Steps to boost transparency of Chas bills” (Straits Times, May 15). Subsidies...
Elderly to work till death

Elderly to work till death

Interesting read on the news today. The article is titled "Many working out of need, not out of choice",...
Singapore-China ties:1 myth makes 3? Your views?

Singapore-China ties:1 myth makes 3? Your views?

I refer to the article “3 myths about S’pore-China ties” (Sunday Times, May 21). It states that...
PMET IT job posted in jobstreet Indonesia?

PMET IT job posted in jobstreet Indonesia?

A friend who has been unemployed for more than a year, after being laid off by a multi-national company...
Singapore labor laws offer poor protection for workers

Singapore labor laws offer poor protection for workers

I would like to highlight the severe imbalances in Labor Laws governing relations between a worker and...
Is the government really sincere in saying that foreigners...

Is the government really sincere in saying that foreigners...

The Singapore government has once again made the headlines – by outlawing foreigners from participating...
Only 3,800 on Public Assistance?

Only 3,800 on Public Assistance?

I refer to the article “Lonely and ‘waiting to die’, Singapore’s elderly poor find hope in...
Protest using art?

Protest using art?

It seems like unconventional artistic approaches are gaining much media attention here in Singapore....
GIC takes “undisclosed” loss on UBS?

GIC takes “undisclosed” loss on UBS?

I refer to the article “GIC pares stake in UBS at a loss; combined strategy with Citigroup sees positive...
What Singapore can learn from Harvard Business School?

What Singapore can learn from Harvard Business School?

I refer to the article “A confidential memorandum to the senior faculty of Harvard Business School”...
Singaporeans gaslighted by the PAP

Singaporeans gaslighted by the PAP

There's something I want to tell everyone. You're being gaslighted by the PAP. Getting a degree gets...
Ban new foreign HR professionals?

Ban new foreign HR professionals?

I refer to the article “Why is a local PMET IT job posted in JobStreet’s Indonesia webportal?”...
Lessons We Can Learn From North Korea

Lessons We Can Learn From North Korea

During 60s and 70s, North Korea did have high living standard, but as 80s went on and USSR started crumbling,...
Newly appointed minister clueless about milk powder...

Newly appointed minister clueless about milk powder...

Our newly promoted PAP minister Josephine Teo wrote on her Facebook regarding the high milk powder issue,...
Increase in CPF and Medisave Minimum Sums to $198,500...

Increase in CPF and Medisave Minimum Sums to $198,500...

Minimum Sum increased to $155,000 The CPF Board and Manpower Ministry (MOM) said in a joint statement...
Is infant formula milk even good for babies?

Is infant formula milk even good for babies?

With all the media attention surrounding the rise of infant formula milk and its expensive marketing...
Opinions
Coming here, China’s new tool for social control?

Coming here, China’s new tool for social control?

While our ang moh tua kees are KPKBing about hanging drug mules, detention without trial , LGBT rights...
Government should recognize contributions of full-time...

Government should recognize contributions of full-time...

I refer to “Mothers the ‘pillars’ of families: PM Lee in Mother’s Day post”. The PAP government...
Thought of the Day: Bleak future for Singapore?

Thought of the Day: Bleak future for Singapore?

When LKY passed away in 2015, my first concern is about Singapore's diplomacy. Observing how his son...
Won’t happen here

Won’t happen here

As an anglophile, I’m glad to see that elitism and meritocracy still go hand in hand in England,...
That OBOR Conference Snub

That OBOR Conference Snub

Oh dear. I might have uncovered evidence that playing video games is bad for me. I’ve been so engrossed...
Singapore Rentier Polity

Singapore Rentier Polity

The persistency of an illiberal government in Singapore is directly linked to PAP’s control of over...
Of Poverty, Unlawfulness and Humanitarianism

Of Poverty, Unlawfulness and Humanitarianism

When trying to select an appropriate imagery for my post this time, I admit I was a little unsure what...
Civil society, not juz LGBTs, are being victimised

Civil society, not juz LGBTs, are being victimised

The PAP administration is not singling out for bullying those with different sexual tastes. They...
Winning Future GE: Key Is New Citizens!

Winning Future GE: Key Is New Citizens!

With a target set at 10M, SG will import another 3.2M, which means we will hit 7M before 2030. This...
So $10 billion loss in investments is just like that...

So $10 billion loss in investments is just like that...

Huh? So $10 billion loss in investments is just like that - nothing from any minister AT ALL?? Nothing?...
GIC still trying to save face after massive UBS loss,...

GIC still trying to save face after massive UBS loss,...

CPF fund manager GIC was reported to be facing a possible record loss of US$4 billion on a single investment....
M Ravi kanna 'brainwashed' by ang mohs?

M Ravi kanna 'brainwashed' by ang mohs?

Ravi and our other ang moh tua kee lawyers kanna brainwashed by ang mohs like this? China human rights...
Empire strikes back delivering mortal blow to Pink...

Empire strikes back delivering mortal blow to Pink...

Putting Organising Committe’s asses on the line. As my FB avatar put it “Forcing organisers to check...
GIC chut pattern, comes up with non-existent ‘combined...

GIC chut pattern, comes up with non-existent ‘combined...

I refer to “GIC pares stake in UBS at a loss; combined strategy with Citigroup sees positive return”. link GIC...
Elderly poor: 10 damning statistics?

Elderly poor: 10 damning statistics?

Elderly workers: Many working out of need I refer to Ng Kok Hoe’s article “Elderly workers: Many...
One Belt One Road: PM 'not invited'

One Belt One Road: PM 'not invited'

I was wrong. PM wasn’t invited to the summit meeting on the above, it seems, going by what Lawrence...
Biggest CPF investment suffers massive loss

Biggest CPF investment suffers massive loss

I refer to Bloomberg article, “Disappointed with UBS loss, Singapore’s GIC fund cuts stake”.  GIC...
US of A got equivalent of our detention without trial

US of A got equivalent of our detention without trial

Wht don’t the ang moh tua kees don’t tell us that the USA has the equivalent of the Internal Security...
Observations: Singaporean Sheeps

Observations: Singaporean Sheeps

Recently, I chanced on a FB posting at the following URL: . Here is a reply from Mr Tan, please...
Editorials
Fengshan CC offers 'AED Awareness Curse' course?

Fengshan CC offers 'AED Awareness Curse' course?

When it comes to the People's Action Party (PAP), nothing should surprise Singaporeans anymore as it...
M Ravi headhunted to join Legal Aid and Human Rights...

M Ravi headhunted to join Legal Aid and Human Rights...

Renowned Human rights lawyer and activist M Ravi has been headhunted to join a legal team in Tanzania...
CHC urges members to ceaselessly pray for Kong Hee...

CHC urges members to ceaselessly pray for Kong Hee...

City Harvest Church (CHC) has released a statement calling on its members to ceaselessly pray for the...
Police report lodged against Tiong Bahru Football Club

Police report lodged against Tiong Bahru Football Club

SportsSG has lodged a police report against Tiong Bahru Football Club (TBFC) alleging misuse of club...
AFF contradicts FAS's statement on $500k donation

AFF contradicts FAS's statement on $500k donation

The Asean Football Federation (AFF) has issued a statement on Monday (17 Apr) clarifying that the $500,000...
AGC files Criminal Reference to Court of Appeal

AGC files Criminal Reference to Court of Appeal

The Attorney's General Chamber (AGC) has on Monday (10 Apr), filed a Criminal Reference to the Court...
Appeal Court's oral judgement on Kong Hee and Gang

Appeal Court's oral judgement on Kong Hee and Gang

For those who may be interested, the following is the Appeal Court's oral submissions on the case. — Kong...
Kong Hee and Gang should not pop their China Wines...

Kong Hee and Gang should not pop their China Wines...

It appears that the trial for Kong Hee and gang may not be entirely over as the Attorney General's Chambers...
Mega discounts for Kong Hee and Gang on their jail...

Mega discounts for Kong Hee and Gang on their jail...

Following the judgement by the High Court today (7th April) on the appeal of the Attorney General' Chamber...
Free Classifieds on TR Emeritus (revised)

Free Classifieds on TR Emeritus (revised)

Please be informed that we have, after reviewing and considering the feedback from our readers, made...
MUIS: Remarks against Christians and Jews have no place...

MUIS: Remarks against Christians and Jews have no place...

Following the conviction of an Imam from Masjid Jamae (Chulia) in South Bridge Road for insulting...
Imam charged for promoting enmity between different...

Imam charged for promoting enmity between different...

The Imam from Masjid Jamae (Chulia) in South Bridge Road who allegedly insulted Christians and Jews...
Snippets
Sports Hub CEO: A proud S'porean who didn't serve NS

Sports Hub CEO: A proud S'porean who didn't serve NS

Manu Sawhney became the new Sports Hub CEO in Oct 2015. In an interview about couple of months...
China is behaving more and more like the imperial power...

China is behaving more and more like the imperial power...

In the just concluded Belt and Road Forum, China has chosen to invite the Heads of Government for some...
SDP calls for public inquiry on loss suffered by GIC...

SDP calls for public inquiry on loss suffered by GIC...

Below is a statement by Singapore Democratic Party (SDP) on the recent news that Singapore investment...
Tony Tan confident in UBS' long-term growth potential...

Tony Tan confident in UBS' long-term growth potential...

In a ST report, it said that GIC is facing a loss in excess of USD4b (S$5.6b) on its investment in UBS...
SDP repeatedly warned about the UBS investment

SDP repeatedly warned about the UBS investment

The recent announcement that the GIC stood to lose in excess of $5.6 billion comes as no surprise. The...
Public Order Act undermines freedom of expression and...

Public Order Act undermines freedom of expression and...

Maruah would like to express its concern with the amendment to the Public Order Act. We would like...
Ang Moh talent's investment decision causes massive...

Ang Moh talent's investment decision causes massive...

SingPost released its full-year results ended 31 March 2017 yesterday (12 May). It was announced...
Joint Statement in support of Dr Tan Cheng Bock's challenge...

Joint Statement in support of Dr Tan Cheng Bock's challenge...

Lim Tean, Tan Kin Lian, Syafarin Sarif and I had started the initiative to publish a Non-Partisan...
Sun Ho aggressively “searching for true love” –...

Sun Ho aggressively “searching for true love” –...

During her heyday when Sun Ho, aka wife of convicted Pastor Kong Hee, was singing and exposing herself,...
红色警报:WANNACRY勒索病毒,紧急扩散解决方案!

红色警报:WANNACRY勒索病毒,紧急扩散解决方案!

比特币病毒全球肆虐,波及范围已超过100个国家。西班牙电信全体员工电脑瘫痪,英国病人已预约心脏手术被迫取消,中国大批高校也出现感染情况,众多师生的电脑文件被病毒加密,只有支付赎金才能恢复。全球网络安全到了最危急的时刻,请扩散这一消息及相应解决方案,让更多人提高警惕,防范于未然! 史上最邪恶的勒索病毒,电脑资料全损坏 勒索病毒会把磁盘里的图片、文档、视频、压缩包等各类资料强行加密,导致文件无法正常打开。此次爆发的勒索病毒包括ONION和WNCRY两种,分别会把磁盘文件篡改为.onion和.wncry后缀,病毒敲诈的金额高达5万多元。 勒索病毒一般采用了高强度加密算法,如果没有病毒制作者的私钥,普通电脑暴力破解至少需要数十万年。如果已经中毒,这时应该全盘扫描杀毒,并尽快打好补丁,不要被“电脑打补丁会变慢”的谣言误导。 NSA黑客武器远程打击,教育网易中招 今年4月,NSA(美国国家安全局)的黑客武器库被泄漏公开,其中包括一个专门远程攻击Windows文件共享端口(445端口)的“永恒之蓝”黑客武器。 此次病毒爆发就是使用“永恒之蓝”攻击有漏洞的Windows设备。由于教育网没有封禁445端口,存在大量暴露漏洞的机器,成为勒索病毒重灾区。另外,一些没有及时打补丁的企业和交通、能源等行业基础设施内网也遭到感染。 通俗的说,如果系统存在NSA武器攻击的漏洞,只要开机联网,不需要你做任何操作,勒索病毒就能自动感染系统。 有卫士才安全,360全面防御勒索病毒 针对网络勒索攻击,360安全卫士紧急为全国用户提供应急措施,能够一键扫描修复NSA黑客武器攻击的漏洞,关闭XP等无补丁系统的高危端口,并全面拦截勒索病毒。 自从互联网上出现比特币勒索病毒以来,360安全卫士在过去三年间深耕勒索病毒防护技术,云安全主动防御体系持续升级拦截机制,创新推出文档保护功能、反勒索服务等一系列安全措施,为用户全面防御勒索病毒。 网络勒索攻击仍在持续,卫士为您排忧解难 目前勒索病毒仍在持续攻击,存在漏洞的机器如果开机联网,会面临着资料被强行加密锁死的危险。请您转告亲朋好友,及时为电脑安装360安全卫士,自动免疫勒索病毒的远程攻击,以免个人数据遭遇损失。 360安全卫士离线救灾版:https://down.360safe.com/setup_jiuzai.exe 360企业安全发布紧急处置方案 目前勒索蠕虫病毒已经严重影响教育、医疗、交通等多个重要行业和政府机构,360企业安全现已发布紧急安全处置方案,点击下方链接,立即查看扩散! 360企业安全紧急处置方案:http://b.360.cn/about/newslist   Source: https://www.360.cn/ . More...
We Need to Resolve the HDB 99-Year Lease Problem. Here's...

We Need to Resolve the HDB 99-Year Lease Problem. Here's...

Singaporeans have been concerned about the recent announcement by Minister for National Development...
'1987 Singapore’s Marxist Conspiracy, 30 Years On'...

'1987 Singapore’s Marxist Conspiracy, 30 Years On'...

Below is an extract from former detainee under the Internal Security Act (ISA), Chew Kheng Chuan's essay...
Sticky & Recent Articles

Unprecedented high numbers of balance BTO flats

Unprecedented high numbers of balance BTO flats

The latest BTO exercise launched by HDB have thrown up a surprise, in that the Sale Of Balance Flats (SBF) being offered numbered 3,946 flats in 11 young towns and 14 mature estates. These flats have remained unsold from the previous BTO launches. Interesting to note that among the mature estates close to the city centre, Queenstown... 

Coming here, China’s new tool for social control?

Coming here, China’s new tool for social control?

While our ang moh tua kees are KPKBing about hanging drug mules, detention without trial , LGBT rights and other ang moh preoccupations, they are missing something that will soon come here. Beijing wants to give every citizen a credit rating for everything.  Citizens’ ratings are to be linked with their identity-card numbers.... 

Government should recognize contributions of full-time mothers with token contribution towards their retirement

Government should recognize contributions of full-time mothers with token contribution towards their retirement

I refer to “Mothers the ‘pillars’ of families: PM Lee in Mother’s Day post”. The PAP government knows that talk is cheap and has kept on talking and talking about ‘one of the toughest jobs’. Many elderly mothers were once full-time housewives who do not have any retirement savings. If the government was ever sincere... 

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