- Joined
- Apr 14, 2011
- Messages
- 16,831
- Points
- 113
-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
Serious Jialat! Ho Ching Not Happy Samsters Complaints of CECAs!
- Thread starter Pinkieslut
- Start date
- Joined
- Apr 14, 2011
- Messages
- 16,831
- Points
- 113
- Joined
- Mar 31, 2020
- Messages
- 9,153
- Points
- 113
easy for her to preach
she married into lee family
appointed to high places with hyper salary
talk is cheap
she go be road sweeper i believe her
she married into lee family
appointed to high places with hyper salary
talk is cheap
she go be road sweeper i believe her
- Joined
- Jun 27, 2018
- Messages
- 29,378
- Points
- 113
Temasek’s irritating high-horse attitude apart, there is only one Singapore core – true blues sans PRs
Sense And Nonsense by Tan Bah Bah
CEO of Temasek Ho Ching (Photo by ROSLAN RAHMAN / AFP)
AUTHOR
Tan Bah Bah
DATE
August 16, 2020
CATEGORY
F
A brewing online storm on ensuring more good jobs go to true-blue Singaporeans is quietly forcing Singaporeans and the government to declare their true feelings, if not their ultimate vision of what the country should be. It looks like both have quite different versions. In the end, what really matters may be what Singaporeans want – and not whatever policies that the government believe they have the right to ram down the throats of suffering true-blues.
At one level, take the huge ongoing ground surge of dislike or distrust for CECA (India-Singapore Comprehensive Economic Cooperation Agreement). Quite a number of Singaporeans believe it has harmed the job security of PMETS. Never mind what the government has been saying about the tight controls on the hiring practices of companies covered by CECA or on the self-revealed “strict watch” to ensure fair practices.
The Ministry of Manpower said it has placed 47 employers on the Fair Consideration Framework watch list for potentially discriminatory hiring practices. Among the 47 firms, 30 were in the financial services and professional services sectors.
Firms on the watch list will have their Employment Pass applications closely scrutinised, and those who are recalcitrant or uncooperative will have their work pass privileges cut back, The Straits Times reported.
On Aug 12, the Monetary Authority of Singapore also urged financial institutions to groom local leaders and grow their Singaporean talent pool. Soothing words indeed.
MAS said that financial institutions should continue to identify Singaporeans with high potential for leadership roles and expand the supply of talented locals.
And yet at the same time, Temasek, perhaps stung by social media reports and comments on the “large number” of Indians hired by the investment company, has gone on the offensive against what it called a “divisive, racist campaign” aimed at stirring up hatred and intolerance. The firm said it “has its roots in Singapore, where there is no place for xenophobia, racism, or hate speech”.
Employees of Standard Chartered and DBS Bank were also targeted in some of the social media posts.
Well, obviously, human beings being human beings, there will be a certain degree of bigotry in the resentment expressed against the large number of same country foreigners in companies. But it is manageable, mainly because most Singaporeans see multi-racialism as part of their DNA. This will be even more embedded as the older monolingual non-English speaking more conservative older generation vanishes from the scene. Not a major or long-term problem at all.
No need for Temasek to be so overly sensitive. The more inappropriately high-horse and holier-than-thou attitude it adopts, the greater the anger it will get from true-blues who are already irritated at being told that they have no right to find out what the exact amount of their combined reserves is. And they may also be unhappy that this company charged with handling part of their national reserves has the audacity to lecture them on intolerance and the inability to see the big picture.
The more important issues are: who should the government be protecting the most? What precisely is the Singapore core?
This should be blindingly clear. It is the job of the people put into power to protect the lives and livelihoods of people who have put them in power. Singapore belongs to Singaporeans – not to the temporary occupants of Istana or Parliament nor to anyone else who are here who are NOT citizens, whether permanent residents or foreigners.
The only true Singapore core is true-blue born and bred Singaporeans. No others. They have every right to have their interests placed at the top of every national policy, especially those affecting their jobs and their future.
It is a massive insult to lump Singaporeans together with PRs as “locals” and have that insensitively packaged as the Singapore core. The government may wish to sell that as “taking care of the Singapore core”. Singaporeans will not buy that absurd koyo.
PRs do not have to serve National Service. They also have countries to go back to. True-blues do not, their roots are here.
And please do not have Singaporeans cynically believe the “NS” in the just named NS Square in Marina Bay stands for “New Singaporeans” and not National Service.
Tan Bah Bah, consulting editor of TheIndependent.Sg, is a former senior leader writer with The Straits Times. He was also managing editor of a local magazine publishing company.
Sense And Nonsense by Tan Bah Bah
CEO of Temasek Ho Ching (Photo by ROSLAN RAHMAN / AFP)AUTHOR
Tan Bah Bah
DATE
August 16, 2020
CATEGORY
F
A brewing online storm on ensuring more good jobs go to true-blue Singaporeans is quietly forcing Singaporeans and the government to declare their true feelings, if not their ultimate vision of what the country should be. It looks like both have quite different versions. In the end, what really matters may be what Singaporeans want – and not whatever policies that the government believe they have the right to ram down the throats of suffering true-blues.
At one level, take the huge ongoing ground surge of dislike or distrust for CECA (India-Singapore Comprehensive Economic Cooperation Agreement). Quite a number of Singaporeans believe it has harmed the job security of PMETS. Never mind what the government has been saying about the tight controls on the hiring practices of companies covered by CECA or on the self-revealed “strict watch” to ensure fair practices.
The Ministry of Manpower said it has placed 47 employers on the Fair Consideration Framework watch list for potentially discriminatory hiring practices. Among the 47 firms, 30 were in the financial services and professional services sectors.
Firms on the watch list will have their Employment Pass applications closely scrutinised, and those who are recalcitrant or uncooperative will have their work pass privileges cut back, The Straits Times reported.
On Aug 12, the Monetary Authority of Singapore also urged financial institutions to groom local leaders and grow their Singaporean talent pool. Soothing words indeed.
MAS said that financial institutions should continue to identify Singaporeans with high potential for leadership roles and expand the supply of talented locals.
And yet at the same time, Temasek, perhaps stung by social media reports and comments on the “large number” of Indians hired by the investment company, has gone on the offensive against what it called a “divisive, racist campaign” aimed at stirring up hatred and intolerance. The firm said it “has its roots in Singapore, where there is no place for xenophobia, racism, or hate speech”.
Employees of Standard Chartered and DBS Bank were also targeted in some of the social media posts.
Well, obviously, human beings being human beings, there will be a certain degree of bigotry in the resentment expressed against the large number of same country foreigners in companies. But it is manageable, mainly because most Singaporeans see multi-racialism as part of their DNA. This will be even more embedded as the older monolingual non-English speaking more conservative older generation vanishes from the scene. Not a major or long-term problem at all.
No need for Temasek to be so overly sensitive. The more inappropriately high-horse and holier-than-thou attitude it adopts, the greater the anger it will get from true-blues who are already irritated at being told that they have no right to find out what the exact amount of their combined reserves is. And they may also be unhappy that this company charged with handling part of their national reserves has the audacity to lecture them on intolerance and the inability to see the big picture.
The more important issues are: who should the government be protecting the most? What precisely is the Singapore core?
This should be blindingly clear. It is the job of the people put into power to protect the lives and livelihoods of people who have put them in power. Singapore belongs to Singaporeans – not to the temporary occupants of Istana or Parliament nor to anyone else who are here who are NOT citizens, whether permanent residents or foreigners.
The only true Singapore core is true-blue born and bred Singaporeans. No others. They have every right to have their interests placed at the top of every national policy, especially those affecting their jobs and their future.
It is a massive insult to lump Singaporeans together with PRs as “locals” and have that insensitively packaged as the Singapore core. The government may wish to sell that as “taking care of the Singapore core”. Singaporeans will not buy that absurd koyo.
PRs do not have to serve National Service. They also have countries to go back to. True-blues do not, their roots are here.
And please do not have Singaporeans cynically believe the “NS” in the just named NS Square in Marina Bay stands for “New Singaporeans” and not National Service.
Tan Bah Bah, consulting editor of TheIndependent.Sg, is a former senior leader writer with The Straits Times. He was also managing editor of a local magazine publishing company.
- Joined
- Mar 31, 2020
- Messages
- 9,153
- Points
- 113
fuck papTemasek’s irritating high-horse attitude apart, there is only one Singapore core – true blues sans PRs
Sense And Nonsense by Tan Bah Bah
AUTHOR
Tan Bah Bah
DATE
August 16, 2020
CATEGORY
F
A brewing online storm on ensuring more good jobs go to true-blue Singaporeans is quietly forcing Singaporeans and the government to declare their true feelings, if not their ultimate vision of what the country should be. It looks like both have quite different versions. In the end, what really matters may be what Singaporeans want – and not whatever policies that the government believe they have the right to ram down the throats of suffering true-blues.
At one level, take the huge ongoing ground surge of dislike or distrust for CECA (India-Singapore Comprehensive Economic Cooperation Agreement). Quite a number of Singaporeans believe it has harmed the job security of PMETS. Never mind what the government has been saying about the tight controls on the hiring practices of companies covered by CECA or on the self-revealed “strict watch” to ensure fair practices.
The Ministry of Manpower said it has placed 47 employers on the Fair Consideration Framework watch list for potentially discriminatory hiring practices. Among the 47 firms, 30 were in the financial services and professional services sectors.
Firms on the watch list will have their Employment Pass applications closely scrutinised, and those who are recalcitrant or uncooperative will have their work pass privileges cut back, The Straits Times reported.
On Aug 12, the Monetary Authority of Singapore also urged financial institutions to groom local leaders and grow their Singaporean talent pool. Soothing words indeed.
MAS said that financial institutions should continue to identify Singaporeans with high potential for leadership roles and expand the supply of talented locals.
And yet at the same time, Temasek, perhaps stung by social media reports and comments on the “large number” of Indians hired by the investment company, has gone on the offensive against what it called a “divisive, racist campaign” aimed at stirring up hatred and intolerance. The firm said it “has its roots in Singapore, where there is no place for xenophobia, racism, or hate speech”.
Employees of Standard Chartered and DBS Bank were also targeted in some of the social media posts.
Well, obviously, human beings being human beings, there will be a certain degree of bigotry in the resentment expressed against the large number of same country foreigners in companies. But it is manageable, mainly because most Singaporeans see multi-racialism as part of their DNA. This will be even more embedded as the older monolingual non-English speaking more conservative older generation vanishes from the scene. Not a major or long-term problem at all.
No need for Temasek to be so overly sensitive. The more inappropriately high-horse and holier-than-thou attitude it adopts, the greater the anger it will get from true-blues who are already irritated at being told that they have no right to find out what the exact amount of their combined reserves is. And they may also be unhappy that this company charged with handling part of their national reserves has the audacity to lecture them on intolerance and the inability to see the big picture.
The more important issues are: who should the government be protecting the most? What precisely is the Singapore core?
This should be blindingly clear. It is the job of the people put into power to protect the lives and livelihoods of people who have put them in power. Singapore belongs to Singaporeans – not to the temporary occupants of Istana or Parliament nor to anyone else who are here who are NOT citizens, whether permanent residents or foreigners.
The only true Singapore core is true-blue born and bred Singaporeans. No others. They have every right to have their interests placed at the top of every national policy, especially those affecting their jobs and their future.
It is a massive insult to lump Singaporeans together with PRs as “locals” and have that insensitively packaged as the Singapore core. The government may wish to sell that as “taking care of the Singapore core”. Singaporeans will not buy that absurd koyo.
PRs do not have to serve National Service. They also have countries to go back to. True-blues do not, their roots are here.
And please do not have Singaporeans cynically believe the “NS” in the just named NS Square in Marina Bay stands for “New Singaporeans” and not National Service.
Tan Bah Bah, consulting editor of TheIndependent.Sg, is a former senior leader writer with The Straits Times. He was also managing editor of a local magazine publishing company.
fuck ceca
fuck all of them dead dead
- Joined
- Apr 14, 2011
- Messages
- 16,831
- Points
- 113
Do business with India? Even AMDK banks gonna be Wacked by this Cuntry!
Global banks like HSBC, Citigroup may have to pay for the failure of state-run lenders in India - The Financial Express
BloombergAugust 15, 2020 11:10:44 AM
By Andy Mukherjee
Corporate chicanery appears in multiple forms and with unfailing regularity: think Enron Corp. or Wirecard AG. What bedevils capitalism in India is the propensity of some investors to cheat all other stakeholders. In good times, “promoters” — as controlling shareholders are known in local law — puff up project costs and award contracts to related parties, draining profits away from the company. The extraordinary effort that entrepreneurs put in to beat the country’s legendary red tape provides, at least in some minds, a justification for helping themselves to an outsize share of the spoils. A highly opaque system of election financing gives politicians a stake in perpetuating the status quo.
In bad times, promoters leave creditors with hardly any value to extract from failed businesses. The biggest victim is a state-dominated banking system that recoups very little from insolvent companies. To give government-backed lenders visibility on whether their funds are being siphoned off, the central bank recently took a drastic step. Any company with 500 million rupees ($6.7 million) or more in debt will have to open a dedicated account at a bank exposed to at least 10% of its borrowings to pay creditors. Only the lender operating this escrow account can handle the firm’s day-to-day banking business. Since public-sector banks do the bulk of corporate lending, they stand to gain current accounts.
Existing banking relationships will need to be consolidated within three months. This is bound to upset the likes of Citigroup Inc., HSBC Holdings Plc and Standard Chartered Plc. These global-local, or “glocal,” banks have been beefing up their cash management platforms — and integrating them with their customers’ computer systems. The more they help businesses save money across cross-border supply chains and earn smart returns on idle balances, the bigger the current-account pile that gravitates toward them.
Citigroup alone has $900 billion-plus of such deposits worldwide. This is free funding, which takes banks years of investments in technology and customer relationships to acquire. To be asked to cede this advantage in an important market is unfair. Take Citi again. With the exception of State Bank of India, the biggest Indian lender, no government-controlled institution enjoys a deeper penetration when it comes to acting as the lead cash management bank for India’s largest companies.
The U.S. bank isn’t alone. The U.K.’s StanChart is also competitive in signing up top companies. HSBC and Singapore’s DBS Group Holdings Ltd. are the other two foreign banks with significant cash management businesses.
“The dislocation over the next few months can be unsettling for both the glocal banks and their cash-management customers,” says Gaurav Arora, Greenwich Associates’ head of Asia-Pacific.
If the Reserve Bank of India’s move smacks of being an act of desperation, that’s because it probably is. India’s labor-surplus economy can’t afford to keep hemorrhaging precious financial capital to promoters’ private-bank accounts in Singapore or Switzerland. And yet such is the political power of large debtors that every legal tool given to creditors has tended to become blunt over time. The 2016 bankruptcy act, the latest and most promising in the series, saw recovery rates of just 12% in the December quarter. Worse still, after the coronavirus outbreak, insolvency courts have been shut for a year to new cases.
The pandemic has also brought back loan restructuring, where banks can extend repayment tenures and pretend that accounts are standard and don’t need additional provisions. This, as Fitch Ratings notes, is a reprisal of India’s strategy between 2010 and 2016. Back then, extend-and-pretend exacerbated what would eventually become a $200 billion-plus stressed asset problem.
The big idea behind the current-account regulation seems to be this: If taxpayer-funded banks can’t hope to recover much from dead companies, they should at least be able to monitor how living ones use their money. However, just because bankers can see more transactions doesn’t mean they will. Punjab National Bank lost nearly $2 billion in a scandal involving an uncle-nephew jeweler duo by running up international liabilities over the Swift messaging network — and not reconciling them with its core banking software. The scam went on for seven years. Since then, PNB claims to have been swindled three more times.
India’s banks need long-pending governance reforms. To thwart bad behavior, the RBI needs more muscular supervision. Hijacking customers of Citi or StanChart and redistributing them among those who don’t necessarily have the best expertise is socialist overkill. It will also prove useless. Errant company bosses will be one step ahead, as they’ve always been.
Global banks like HSBC, Citigroup may have to pay for the failure of state-run lenders in India - The Financial Express
BloombergAugust 15, 2020 11:10:44 AM
By Andy Mukherjee
Corporate chicanery appears in multiple forms and with unfailing regularity: think Enron Corp. or Wirecard AG. What bedevils capitalism in India is the propensity of some investors to cheat all other stakeholders. In good times, “promoters” — as controlling shareholders are known in local law — puff up project costs and award contracts to related parties, draining profits away from the company. The extraordinary effort that entrepreneurs put in to beat the country’s legendary red tape provides, at least in some minds, a justification for helping themselves to an outsize share of the spoils. A highly opaque system of election financing gives politicians a stake in perpetuating the status quo.
In bad times, promoters leave creditors with hardly any value to extract from failed businesses. The biggest victim is a state-dominated banking system that recoups very little from insolvent companies. To give government-backed lenders visibility on whether their funds are being siphoned off, the central bank recently took a drastic step. Any company with 500 million rupees ($6.7 million) or more in debt will have to open a dedicated account at a bank exposed to at least 10% of its borrowings to pay creditors. Only the lender operating this escrow account can handle the firm’s day-to-day banking business. Since public-sector banks do the bulk of corporate lending, they stand to gain current accounts.
Existing banking relationships will need to be consolidated within three months. This is bound to upset the likes of Citigroup Inc., HSBC Holdings Plc and Standard Chartered Plc. These global-local, or “glocal,” banks have been beefing up their cash management platforms — and integrating them with their customers’ computer systems. The more they help businesses save money across cross-border supply chains and earn smart returns on idle balances, the bigger the current-account pile that gravitates toward them.
Citigroup alone has $900 billion-plus of such deposits worldwide. This is free funding, which takes banks years of investments in technology and customer relationships to acquire. To be asked to cede this advantage in an important market is unfair. Take Citi again. With the exception of State Bank of India, the biggest Indian lender, no government-controlled institution enjoys a deeper penetration when it comes to acting as the lead cash management bank for India’s largest companies.
The U.S. bank isn’t alone. The U.K.’s StanChart is also competitive in signing up top companies. HSBC and Singapore’s DBS Group Holdings Ltd. are the other two foreign banks with significant cash management businesses.
“The dislocation over the next few months can be unsettling for both the glocal banks and their cash-management customers,” says Gaurav Arora, Greenwich Associates’ head of Asia-Pacific.
If the Reserve Bank of India’s move smacks of being an act of desperation, that’s because it probably is. India’s labor-surplus economy can’t afford to keep hemorrhaging precious financial capital to promoters’ private-bank accounts in Singapore or Switzerland. And yet such is the political power of large debtors that every legal tool given to creditors has tended to become blunt over time. The 2016 bankruptcy act, the latest and most promising in the series, saw recovery rates of just 12% in the December quarter. Worse still, after the coronavirus outbreak, insolvency courts have been shut for a year to new cases.
The pandemic has also brought back loan restructuring, where banks can extend repayment tenures and pretend that accounts are standard and don’t need additional provisions. This, as Fitch Ratings notes, is a reprisal of India’s strategy between 2010 and 2016. Back then, extend-and-pretend exacerbated what would eventually become a $200 billion-plus stressed asset problem.
The big idea behind the current-account regulation seems to be this: If taxpayer-funded banks can’t hope to recover much from dead companies, they should at least be able to monitor how living ones use their money. However, just because bankers can see more transactions doesn’t mean they will. Punjab National Bank lost nearly $2 billion in a scandal involving an uncle-nephew jeweler duo by running up international liabilities over the Swift messaging network — and not reconciling them with its core banking software. The scam went on for seven years. Since then, PNB claims to have been swindled three more times.
India’s banks need long-pending governance reforms. To thwart bad behavior, the RBI needs more muscular supervision. Hijacking customers of Citi or StanChart and redistributing them among those who don’t necessarily have the best expertise is socialist overkill. It will also prove useless. Errant company bosses will be one step ahead, as they’ve always been.
- Joined
- Sep 14, 2014
- Messages
- 6,387
- Points
- 113
61% song bo.Think 61% regret voting PAPigs , hope 61% remember wat hsppened n vote wisely 5 yrs later.
- Joined
- Jun 19, 2020
- Messages
- 4,410
- Points
- 113
Blah blah blah blah blah from her ivory tower.
- Joined
- Dec 6, 2018
- Messages
- 15,707
- Points
- 113
PAP shows its true colour.
- Joined
- Sep 22, 2008
- Messages
- 76,057
- Points
- 113
This is not a malay problem. Thus is mandarin speaking community problem as they cannot speak hindi and get jobs.
- Joined
- Dec 6, 2018
- Messages
- 15,707
- Points
- 113
And the PM is so quiet. In that house the woman wears pants.
- Joined
- Sep 22, 2008
- Messages
- 76,057
- Points
- 113
Freedom of movement and work comes with free trade.
- Joined
- Jun 2, 2011
- Messages
- 15,162
- Points
- 113
English is still the global language, not fuckin Pundek Hindi.
- Joined
- Aug 1, 2013
- Messages
- 555
- Points
- 43
Bitch lives free in the Istana with hectares of space, has guaranteed job by marriage not talent, has pay so high that it is a state secret... does she even know what Singaporeans experience? Is she even remotely qualified to lecture us?
- Joined
- Oct 24, 2010
- Messages
- 32,792
- Points
- 113
Not Istana lah. Off Tanglin rd.
- Joined
- Jun 2, 2011
- Messages
- 15,162
- Points
- 113
This bitch very active nowadays on social media. I wonder why she so free? How often Pinky make love to her in one week? Sometimes the pussy is willing but the dick is unwilling. Maybe that's why she so bored, always keeping herself busy on Facebook.
- Joined
- Aug 1, 2013
- Messages
- 555
- Points
- 43
I stand corrected, but sentiment is the same.
Similar threads
