Quote from the report
That's raising new questions about how Singapore's drive to become a major wealth hub has benefited the local economy. Hedge funds and banks have said few of their meetings with Chinese tycoons brought in business beyond basic custodian deals.
Middle-class Sinkies are finding it increasingly difficult to upgrade to luxury apartments in prime districts or high-end condominiums while upper-class ones are reluctant to buy good-class bungalows. Case in point: the two ministars with special privileges prefer to rent theirs at preferential rates and on preferential terms from Pinky, their boss.
Low-class and needy Sinkies have to rely on derisory sums of handouts in the form of assurance packages and GST reliefs just to get by on a daily basis.
Who are to blame for creating these misfortunes that befall Sinkies?
Pinky and his gang who are either President Scholars or overseas merit scholars could not have been ignorant that wealthy foreigners don't create jobs for their host country. Yankee and European economists have known this fact all along.
Yet Sinkies vote the PAP who fcuk them big time. How stooping can the former be?
Vocab (listed in order of appearance)
stoopig = Sinkie slang for stupid
Sinkies = Sinkaporeans
MIW = abbreviation of Men In White. They love to wear white on National/Independence Day parades. They belong to a mafia-like organisation founded by Old Fart a.k.a. Lee Con You a.k.a. Leetator, the first prime ministar of post-independence Sinkapore. The organisation's abbreviation is PAP.
Pinky = Old Fart's elder son and the third prime ministar. He loves to wear pink whenever possible. He has pink shirts, neckties, socks and even underwear (the last item is on special order from Ah Tiong land. Pink underwear for men are available for sale in Ah Tiong land and Jipunland. He finds the ones sold in Jipunland to be lacy (bordered with lace) and hence racy. All the items purchased overseas are brought into Sinkieland via diplomatic bags.)
Yankee = American
Ah Tiong land = China
Jipunland = Japan
