this is an omen for singapore and a metaphor.
The slow moving python is the people of singapore. It represents their sloppy slow moving mind and intransigence. The venomous King Cobra represents the PAP, with its lightning strike symbol, synonymous with the lightning quick strike of a cobra. When the Cobra tried to strike at the slow moving python, it raised its head and lunged at the cobra, which slithered away, like the coward it is. What does this mean? It means that the slow people of singapore can strike back at the PAP cobra and get it to retreat away.