Singapore, After The Next Election

[Runifyouhaveto]

8. AG Audits

This is a recent carefully-worded and fair AG Audit report
http://www.channelnewsasia.com/news/singapore/auditor-general-s-report/1985482.html

In the report submitted by Auditor-General Willie Tan to President Tony Tan Keng Yam on Jul 1, four areas were highlighted for public sector entities to pay greater attention to:

- Administration of grants
- Tendering and management of revenue contracts
- Management of contract variations
- Related party transactions

The local business community reported severe delays in govt-project payments in recent 2 years. The points highlighted by the AG audits appears to be in line with the root of the causes.
- Finance Officers withholding payment unless benefits are shared.
- Disbursement of payments to invoices with discrepancies or related-parties.
- Superiors who seek the inclusion of items in PO (amending original Purchase Orders) or replacement with inferior substitutes, without a proper diligence process.
- Ground-supervisors who blackmail vendors for verifying job-completion.
- Failure to consider generic products of better specifications at similiar or better prices, due to favouritism in tenders.

The problem involves public-infrastructure, maintenance services, hospitals and education sector. Some local listed companies who depend a significant portion of their income from govt-related projects, are now faced multiple month delays in payment or requests for give benefits to the black-sheeps in civil service.

A handful are facing cash crunches and massive losses due to project-financing, forcing them to either raise cash equities from shareholders in the next 12-months or risk becoming insolvent. Overnight, safe local public projects become toxic for these few listed companies.

To maintain a corruption-free image, Singapore will certainly take stringent actions against less-honest civil servants after the elections. There is no absolute urgency at this moment and exposing more of these ill-doers now, will create unfavourable sentiments among the electorate.

 

[mojito]

Corrupt civil servants asking for benefits? No you must be mistaken. No such thing. Don't listen to those liars on the internet.

 

[Runifyouhaveto]

Corrupt civil servants asking for benefits? No you must be mistaken. No such thing. Don't listen to those liars on the internet.

Please thread carefully.

In the next 12-months, you may wish to keep a lookout for news of a few listed local companies facing financial difficulties that are involved in govt project/tenders. Let's not mention names here, not important for our discussion. They may have to issue rights or risk insolvency. While only a tiny few large companies are affected, but it reflects the disheartening situation.

 

[mojito]

Please thread carefully.

In the next 12-months, you may wish to keep a lookout for news of a few listed local companies facing financial difficulties that are involved in govt project/tenders. Let's not mention names here, not important for our discussion. They may have to issue rights or risk insolvency. While only a tiny few large companies are affected, but it reflects the disheartening situation.

They will not let cronies fail lah. Nobody gets rich shorting in sg. Currency no count. As long you understand it rigged, you do better than the foreign born middle class slave trying to make a quick buck in the stock market.

 

[tanwahtiu]

Singapore was a lucrative trading post for the former British governor lord over Singapore.

Bring the British bastards back to govern Singapore monopoly opium trade in Singapore and Borneo with 2000% profit on easy drug money.

Encourage mainly Chinese Sinkies to take up opium smoking and you see the economy grow.

I do not know when is the next elections, but this is what will happen thereafter:

1. SGD Strength

Our economy contracted about 4.6% q-o-q recently.
http://www.businesstimes.com.sg/gov...ittle-changed-from-flash-estimate-of-46-q-o-q
-4.6% is a bad as the 1997 economic crisis. There are plenty of speculations that we have been defending our currency’s strength. Till date, Euro Japanese Yen, Malaysian Ringgit, Indonesian rupiah depreciated about 20-30% against USD within 2 years while SGD dropped about 7% in the same period.

Today, we paid the price. Our economy tanked harder than Malaysia although their import and export stalled after implementation of GST. SGD is now too strong and ruined our exports and tourist receipts. Even the lacklustre Eurozone fared better than us.

Private bankers are also telling us that their clients are giving them sell-on-strength instructions to offload local shares and financial assets and the money is remitted to other safehaven markets, particularly US.


http://www.sammyboy.com/showthread.php?180967-SGD-Strong-Ringgit-Weak&p=2210459#post2210459
On the last trading session before NDP, SGDMYR briefly traded 2.85 before closing at 2.835 for our NDP. We hit 2.85, not because of Ringgit’s weakness (Ringgit was quite consistently-priced against USD that day), but due to a small spike in SGD at closing. Apparently, we wish to have a nicer number to mark our 50th NDP.

We are probably entering deflation mode. Consumer Price Index (CPI) is down for 8-straight months.
http://www.straitstimes.com/busines...-prices-down-03-in-8th-straight-month-decline
The easy way to create a little inflation is to hike taxes and depreciate SGD, going forward.
Eg. We increased our petrol tax by 15-20 cents recently.

Therefore, in all likelihood, we are in recession. SGD will be given more room to depreciate after the incumbent into office again, so that our economy can take a breather

 

[Runifyouhaveto]

They will not let cronies fail lah. Nobody gets rich shorting in sg.

Sir, it is not ah RUN
it is the big boys, we saw nets months ago
http://sammyboy.com/showthread.php?208066-Meltdown&p=2215497#post2215497
We will be harvested after the elections

Reuters: Short-sellers descend on Singapore stock market
http://www.reuters.com/article/2015/06/18/singapore-stocks-shortselling-idUSL3N0Z33PQ20150618
Thu Jun 18, 2015 7:00pm EDT

 

[mojito]

Sir, it is not ah RUN
it is the big boys, we saw nets months ago
http://sammyboy.com/showthread.php?208066-Meltdown&p=2215497#post2215497
We will be harvested after the elections

Oh this shorting is on global macros like the article said. There be China observers, Fed observers, ECB observers, BOJ observers. No sinkie observers. Small flea market lah. No point. Pretty sure they not paying attention. Fret not. Like a quiet alley, it is place you can pick up a dime or two no one disturb. Just take profit if uncomfy. Dun short.

 

[Runifyouhaveto]

9. Job Prospects

A wave of retrenchment is on the pipeline in the next 12-months. SGD is very strong now; we priced ourselves out of the market. Competition didn't killed us, we killed ourselves.

Our economy (exports) is affected and this translates to weaker business sentiments. Pay raise, headcounts will be frozen. RUN knows SMEs that put their employees on 4-day week and slashing their pay 20%. It is an indirect way of retrenchment, if the employee can't meet ends with a 20% pay-cut, they will leave on their own accord and not be compensated for termination. It reflects the dismay outlook, going forward.

A top-notch IT specialist told RUN that he never fails to get job interviews because of his outstanding resume. He is a regular job-hopper but since Chinese New Year, he just got one (interview). MNCs are not really hiring more and some timed their retrenchment in the second half of this year, after consultation with MOM. The HR practice of hiring under contract is now proven helpful in difficult times like this (eg. Sony also informed their IT contract staff that they will not be rehired, recently).

Today, we are almost 1:3 for ringgit. It also makes sense for more FTs to work in Singapore. RUN even came across a UK jobseeker with 1st Class Honours grad from Cambridge (Political Science) last month. Well, we also see a lot more Malaysian-born MPs and Ministers in Singapore now.

 

[lifeafter41]

Sir, it is not ah RUN
it is the big boys, we saw nets months ago
http://sammyboy.com/showthread.php?208066-Meltdown&p=2215497#post2215497
We will be harvested after the elections

Ah run, hope you have some dry powder to pick up after the harvest.

 

[lifeafter41]

9. Job Prospects

A wave of retrenchment is on the pipeline in the next 12-months. SGD is very strong now; we priced ourselves out of the market. Competition didn't killed us, we killed ourselves.

Our economy (exports) is affected and this translates to weaker business sentiments. Pay raise, headcounts will be frozen. RUN knows SMEs that put their employees on 4-day week and slashing their pay 20%. It is an indirect way of retrenchment, if the employee can't meet ends with a 20% pay-cut, they will leave on their own accord and not be compensated for termination. It reflects the dismay outlook, going forward.

A top-notch IT specialist told RUN that he never fails to get job interviews because of his outstanding resume. He is a regular job-hopper but since Chinese New Year, he just got one (interview). MNCs are not really hiring more and some timed their retrenchment in the second half of this year, after consultation with MOM. The HR practice of hiring under contract is now proven helpful in difficult times like this (eg. Sony also informed their IT contract staff that they will not be rehired, recently).

Today, we are almost 1:3 for ringgit. It also makes sense for more FTs to work in Singapore. RUN even came across a UK jobseeker with 1st Class Honours grad from Cambridge (Political Science) last month. Well, we also see a lot more Malaysian-born MPs and Ministers in Singapore now.

Ah run, if as an employee, can't make ends meet with a 20% paycut, can you imagine what it will be with the full chop.

 

[Runifyouhaveto]

Ah run, if as an employee, can't make ends meet with a 20% paycut, can you imagine what it will be with the full chop.

This is the thinking of evil HR. If you are retrenched, they have to compensate you.
But a 20% pay-out will affect most employees, causing them to face deficit cashflows.
The paycut will be perceived as long-term, so any employees with negative cashflow cannot outlive it.
Some will eventually be motivated to resign.

 

[Runifyouhaveto]

Ah run, hope you have some dry powder to pick up after the harvest.

L41 bro certainly has bullets to harvest.
Most of us will be harvested.
We have a choice, we can just walk away and do nothing like what mojito said.
In times like these, doing nothing is ok because the purchasing of your $$$ continues to grow.

 

[Songofdeath]

I strongly believe after the election, our government will bring Singapore financial status to a new high.

 

[jw5]

PAP will have less MPs in parliament than before.

 

[Runifyouhaveto]

PAP will have less MPs in parliament than before.

Hahaha, short n sweet

 

[escher]

PAP will have less MPs in parliament than before.

DANGLING PAPs UNDER THE LAMP POSTS WILL ENSURE NO FUCKING PAPs CAN LAUGH ALL THE WAY TO THEIR BANKS




Bestest way will be to dangle the stinking cheating Maggots in White under lamp post
The next bestest thing will be to vote everyone of those PAP bastards in white out out out


UNDER THE FUCKING PAP, SINKIES ARE 4TH CLASS CITIZENS IN THEIR OWN LAND STOLEN FROM THEM BY PAP
PAPs ARE THE 2ND CLASS CITIZENS WITH THE LEE FAMILY AS THE FIRST CLASS ARISTOCRAZIES

FTs ARE TAKEN IN AS THE 3RD CLASS CITIZENS KICKING SINKIES INTO 4TH CLASS AND SINKIES GOOD ONLY TO GO
HEAD DOWN DOWN AND ARSEHOLES UP HIGH HIGH TO BE FUCKED AND TIEWED BY PAPs LAUGHING ALL THE WAY TO THEIR BANKS.


THERE IS ONLY ONE SOLUTION

THE ONLY CHANCE WE HAVE WILL BE TO DANGLE PAPs AND THEIR CRONIES TO SEE THEM DANCE UNDER THE LAMP POSTS

HISTORICALLY, PIANO WIRES WILL BE WHAT TRAITORS OF COUNTRIES DESERVED
AND WE ALL CAN SEE PAPs AS TRAITOR TO SINGAPORE AND SINGAPOREANS AND PAPs ONLY SERVE THEIR OWN NEEDS AND LAUGH ALL THE WAY TO THEIR BANKS

DANGLE ALL THOSE PAP BASTARDS AND CRONIES TO SEE THEM DANCE UNDER THE LAMP POSTS
AND TURN STINKAPORE BACK INTO SINGAPORE WHERE SINGAPOREANS ARE TREATED FIRST INSTEAD OF THE FUCKING FTs FROM FUCKED UP SCHOOLS WHERE THEY CHEAT AND CHEAT



HANG THE PAPs TO SEE THEM DANCE UNDER THE LAMP POSTS

The cronies do not get peanuts or they will not be cronies

http://sonofadud.com/2015/06/25/sin...new-how-much-singtels-ceo-was-really-getting/


Running Bitch Chua Sock Koong is not even an exceptional running bitch cum crony and she getting over 10 million a year.
What do the fucking PAPs pay their even more favourite cronies? Even morest than to bitch chua

How much do the fucking ministers pay themselves? More than they want to tell you.

ALL THAT FROM OUR FUCKING MONEY THAT THEY CREAM AND CUM THEMSELVES ON WHILE THEY GO LAUGHING ALL THE FUCKING WAY TO THEIR FUCKING BANKS
WHILE WE ALL STAND STUPIDLY IN FRONT OF A FUCKING FLAG TO MAKE OUR PLEDGES NOT KNOWING WE ALL HEAD DOWN DOWN AND ARSEHOLES UP HIGH HIGH TO BE
FUCKED AND TIEWED AND KANNED BY THEM ALL AND THEIR CRONIES

DANGLE A PAP WITH PIANO WIRE FROM ORCHARD ROAD LAMP POST
INCLUDE THEIR RUNNING DOGS AND CRONIES
NECKLACE THEM SO THEY CAN SEE LIGHT

DO THAT BEFORE THEY KILL US ALL


Hang all those PAP bastards from piano wires, upside down or right way up.

SINGAPORE FOR SINGAPOREANS
SINGAPORE NOT FOR FOREIGN TRASH BROUGHT IN DELIBERATELY BY PAPs TO DISPLACE SINGAPOREANS
FTs BROUGHT IN BY PAPs TO REDUCE THE MONEY SINGAPOREANS CAN TAKE HOME FOR THEIR FAMILIES
FTs BROUGHT IN TO DEVALUE SINGAPOREANS
PAPs THEN USING FUCKING WORDS LIKE RACISTS AND XENOPHOBES TO FURTHER KICK SINGAPOREANS IN THE TEETH
REMEMBER IT IS THE FUCKING PAPs THAT DELIBERATELY BROUGHT IN THE FTs
SO THAT LESS MONEY FOR SINGAPOREANS AND LESS MONEY TO FIGHT THE FUCKING PAPs

TO HAVE LESS JOBS AVAILABLE FOR SINGAPOREANS AS FTs WILL BE GIVEN THAT JOB PREFERENCE OVER SINGAPOREANS

PAP TIEWING AND FUCKING STINKIES FOR SMEAR OF SHIT ON SOLE OF SHOE LKY AND PAPs
A LUCRATIVE JOB FOR WHICH PAPs ARE PAID UNTIL THOSE FUCKERS CAN LAUGH ALL THE WAY TO THEIR BANKS AND BACK FROM THEIR BANKS


They continue to laugh all the way to their banks
And all the way back from their banks

HA HA HA HA
HEE HEE HEE HE HEEEE
HOO HO HOOO HO HO

 

[JohnTan]

After this coming GE, the power of the opposition will be broken for at least one full generation. WP will lose their only GRC and be back to square one like in the 1990s, one lone Hougang SMC island surrounded and suffocated by PAP. Chiam would die of a broken heart as Sitoh will retain Potong Pasir with a larger margin of at least 55% of the valid votes.

And all the anti-Singapore samsters here will get high blood pressure from cursing PAP while PAP rejoices and lead Singaporeans to a brand new chapter in Singapore's history post-LKY.

 

[Runifyouhaveto]

Coincidentally, the first 3 topics in this thread are related to this article:
1. SGD Strength
2. Taxes and Govt Revenues
3. Property Prices

Reuters: Singapore monetary policy caught between rock and hard place
http://www.reuters.com/article/2015/08/17/singapore-cenbank-policy-idUSL3N10730420150817

 

[dancingshoes]

nice read and good info. by bro RUN, hope to see more coming, many thanks!

 

[escher]

After this coming GE, the power of the opposition will be broken for at least one full generation. WP will lose their only GRC and be back to square one like in the 1990s, one lone Hougang SMC island surrounded and suffocated by PAP. Chiam would die of a broken heart as Sitoh will retain Potong Pasir with a larger margin of at least 55% of the valid votes.

And all the anti-Singapore samsters here will get high blood pressure from cursing PAP while PAP rejoices and lead Singaporeans to a brand new chapter in Singapore's history post-LKY.

Bestest way will be to dangle the stinking cheating Maggots in White under lamp post
The next bestest thing will be to vote everyone of those PAP bastards in white out out out


UNDER THE FUCKING PAP, SINKIES ARE 4TH CLASS CITIZENS IN THEIR OWN LAND STOLEN FROM THEM BY PAP
PAPs ARE THE 2ND CLASS CITIZENS WITH THE LEE FAMILY AS THE FIRST CLASS ARISTOCRAZIES

FTs ARE TAKEN IN AS THE 3RD CLASS CITIZENS KICKING SINKIES INTO 4TH CLASS AND SINKIES GOOD ONLY TO GO
HEAD DOWN DOWN AND ARSEHOLES UP HIGH HIGH TO BE FUCKED AND TIEWED BY PAPs LAUGHING ALL THE WAY TO THEIR BANKS.


THERE IS ONLY ONE SOLUTION

THE ONLY CHANCE WE HAVE WILL BE TO DANGLE PAPs AND THEIR CRONIES TO SEE THEM DANCE UNDER THE LAMP POSTS

HISTORICALLY, PIANO WIRES WILL BE WHAT TRAITORS OF COUNTRIES DESERVED
AND WE ALL CAN SEE PAPs AS TRAITOR TO SINGAPORE AND SINGAPOREANS AND PAPs ONLY SERVE THEIR OWN NEEDS AND LAUGH ALL THE WAY TO THEIR BANKS

DANGLE ALL THOSE PAP BASTARDS AND CRONIES TO SEE THEM DANCE UNDER THE LAMP POSTS
AND TURN STINKAPORE BACK INTO SINGAPORE WHERE SINGAPOREANS ARE TREATED FIRST INSTEAD OF THE FUCKING FTs FROM FUCKED UP SCHOOLS WHERE THEY CHEAT AND CHEAT



HANG THE PAPs TO SEE THEM DANCE UNDER THE LAMP POSTS

The cronies do not get peanuts or they will not be cronies

http://sonofadud.com/2015/06/25/sin...new-how-much-singtels-ceo-was-really-getting/


Running Bitch Chua Sock Koong is not even an exceptional running bitch cum crony and she getting over 10 million a year.
What do the fucking PAPs pay their even more favourite cronies? Even morest than to bitch chua

How much do the fucking ministers pay themselves? More than they want to tell you.

ALL THAT FROM OUR FUCKING MONEY THAT THEY CREAM AND CUM THEMSELVES ON WHILE THEY GO LAUGHING ALL THE FUCKING WAY TO THEIR FUCKING BANKS
WHILE WE ALL STAND STUPIDLY IN FRONT OF A FUCKING FLAG TO MAKE OUR PLEDGES NOT KNOWING WE ALL HEAD DOWN DOWN AND ARSEHOLES UP HIGH HIGH TO BE
FUCKED AND TIEWED AND KANNED BY THEM ALL AND THEIR CRONIES

DANGLE A PAP WITH PIANO WIRE FROM ORCHARD ROAD LAMP POST
INCLUDE THEIR RUNNING DOGS AND CRONIES
NECKLACE THEM SO THEY CAN SEE LIGHT

DO THAT BEFORE THEY KILL US ALL


Hang all those PAP bastards from piano wires, upside down or right way up.

SINGAPORE FOR SINGAPOREANS
SINGAPORE NOT FOR FOREIGN TRASH BROUGHT IN DELIBERATELY BY PAPs TO DISPLACE SINGAPOREANS
FTs BROUGHT IN BY PAPs TO REDUCE THE MONEY SINGAPOREANS CAN TAKE HOME FOR THEIR FAMILIES
FTs BROUGHT IN TO DEVALUE SINGAPOREANS
PAPs THEN USING FUCKING WORDS LIKE RACISTS AND XENOPHOBES TO FURTHER KICK SINGAPOREANS IN THE TEETH
REMEMBER IT IS THE FUCKING PAPs THAT DELIBERATELY BROUGHT IN THE FTs
SO THAT LESS MONEY FOR SINGAPOREANS AND LESS MONEY TO FIGHT THE FUCKING PAPs

TO HAVE LESS JOBS AVAILABLE FOR SINGAPOREANS AS FTs WILL BE GIVEN THAT JOB PREFERENCE OVER SINGAPOREANS

PAP TIEWING AND FUCKING STINKIES FOR SMEAR OF SHIT ON SOLE OF SHOE LKY AND PAPs
A LUCRATIVE JOB FOR WHICH PAPs ARE PAID UNTIL THOSE FUCKERS CAN LAUGH ALL THE WAY TO THEIR BANKS AND BACK FROM THEIR BANKS


They continue to laugh all the way to their banks
And all the way back from their banks

HA HA HA HA
HEE HEE HEE HE HEEEE
HOO HO HOOO HO HO



Hang all those PAP bastards from piano wires, upside down or right way up.



Hang those PAP maggots cockroaches with piano wires from lamp posts to make them dance before it is too late and we have no more CPF to get back.
BBQ those PAP maggots cockroaches before it is too late and we have no more CPF to get back.
Cut a few more arseholes into those PAP maggots cockroaches to let out their shit before it is too late and we have no more CPF to get back.
Make those PAP maggots cockroaches eat joss sticks and candle wax before it is too late and we have no more CPF to get back.


LKY will never allow good decent people into the PAP and good decent people will not want to get into the PAP. Those in PAP are the most corrupt and moral degenerates and moral bankrupts and moral filths that are being presented to stinkaporeans as moral compasses.
None of those in PAP work for anyone but that smear of shit on sole of shoe LKY, to help him hold down Singaporeans to screw and fuck hundreds of BILLIONs from us all into smear of shit on sole of shoe LKY stinkapore sovereign funds.
Maggots and cockroaches are appointed as ministers in parliament
Kangaroos are frolicking in High Court instead of being allowed to wander and roam about in the Zoo
They are there in PAP because LKY know that they are a bunch of self serving greedy bastards and scrapings of scums of society. To call them maggots cockroaches will be to insult real maggots and real cockroaches.


GET RID OF THE POISON IN SINGAPORE
HANG ALL THOSE FUCKING PAPs AND THEIR COLLABORATORS
BBQ THE BASTARD PAPs

AND SINGAPORE CAN BE AS GOOD IF NOT BETTER THAN SWITZERLAND

OR REMAIN HEAD DOWN DOWN AND ARSEHOLES UP HIGH HIGH TO BE FUCKED TO BE TIEWED TO BE KANNED BY THE PAP MAGGOTS COCKROACHES

Kill them all PAPs
Let GOD sort out the good from the really bad ones
The good PAPs can then eat joss sticks and candle wax from time to time
The bad PAPs like smear of shit on sole of shoe LKY will be raped and tiewed and kanned by legions of ghouls and demons and not ever
get time off to eat joss sticks and candle wax
And lowest scums of society known for their vicious self interest driven greed are preaching to sinkies on morality and elitism.
Those in PAP are the most corrupt and moral degenerates and moral bankrupts and moral filths that are being presented to stinkaporeans as moral compasses.
Despite the leeching and fucking of singaporeans by the cheebye PAP and LKY, Singapore still managed to survive to date.
Despite their being hung as a fucking millstones around the necks of Singaporeans and the idiocy and corrupt manipulations of PAP and LKY, Singapore still not dead yet.