Recent content by longbow

I agree with you 100%. IDA is a regulatory agency and should have set a MUCH higher standard. Even if the person was hired based on her first degree, her ethical standards are suspect due to this fake degree and she should not remain employed AT a regulatory agency. By allowing her to...

Not sure about American system but I would still go for the full $181M as my starting shot and negotiate from there. UOB lawyer is an experienced SC and he knows what he is doing. I am not a lawyer (perhaps a lawyer here might give their take of the situation) but what if they are saying that...

In initial lawsuit you sue for maximum amounts. Pointless to do back of the envelope calc. As lawsuit continues the other side will negotiate and agree to a lesser amount. UOB is looking from angle that whole deal is fraudulent to begin with and they want their money $181M back. They are not...

Re: Ridiculous - Foreign business runs a temple A not for profit religious organisation would have used the income from the columbarium to fund its charitable activities vs going to the pocket of shareholders. The role of CEO of a public company is to maximize returns for its shareholders. I...

Re: Sengkang "temple" - 3 Day Old $1 Company Can Win HDB Tender My impression has always been that temples, churches and places of worship are not for profit organisations. Is this is a for profit organisation? Or perhaps it does have not for profit status. Also wonder if there is any vetting...

Re: Goodbye US Navy, China plans to build 10 aicraft carriers You can learn a lot by building and operating your own carrier. One has to start somewhere. Also,technology changes. So all the know-how in operating George Bush class carrier might be useless if say the future is in smaller...

ICC is useless against Russia. Even for Libya, Gaddafi got away with it and was feted by the West. Most likely scenario, Russia, maybe 5 to 6 years down the road make some settled compensatory payment to victims while at the same time admit no fault. At US$10M per person that is $3B which...

You can win the war with Chinese but next to impossible to control 300 to 400 million people, all thinking alike, having a single language, culture. Russians are next to impossible to conquer simply because of its huge land mass. The size of its land mass means that by the time you fight your...

China and Chinese always been held together by common language and culture. You talk to any Chinese that you meet anywhere in the world and they will understand filial piety, Chinese New Year reunion dinner, festivals, Confucius philosophy. It has been this way for last 5000 years. They do...

I cannot agree with you more. There has to be a basic pension/annuity plan. The Canadian plan is one possibility. Is it fully funded? What I was trying to offer is a way to move from the current plan to an annuity type plan using GIC gains for the last 30 years. We are talking about tens of...

Higher interest rates on the $ that you have sitting in CPF will help one's situation. An additional 2 to 3% over 30 years is significant. Without cost of living adjustment makes it even worse. If we get higher rate of return then the minimum sum will not be as large. The problem is they...

We are all living much longer than say 40 years ago. It is a fact - just read up on life expectancy and you will see. If majority dies at 65 then you will see no insurance companies selling term life up to 70. They will all go broke! The insurance folks know best about how long you will...

In my opinion, the biggest issue is the return on CPF funds. At the very least it has to have an inflation adjustment built into it. And since the GIC and Temasek have done very well over the last 30 years in terms of Return on Investment,the government should retroactively re-adjust CPF funds...

Re: Backside bandit Anwar wants to probe KLIA bomoh! Does not make sense for pilots to do it. In most suicide cases, it is a spur of the moment action. That is why when you can talk it out most suicides can be averted. It does not make sense that a pilot would fly till plane for hours till...

But reality is that China is the 800 lb gorilla next door be it economic or military. For the resource exporting countries like Indonesia, Australia and Malaysia, China is the big market. So in the end have to learn to live with their giant of a neighbor.