Social disintegration and the Racial Harmony Day wayang
No thanks to PAP’s mindless immigration policy, Singapore’s social fabric is now in tatters. The government has tried to provide an assurance that all is well with social integration but in reality, social disintegration has begun. PAP made a mistake when it allowed hordes of foreigners into Singapore before the original...
3 big banks, DBS, UBS and Stanchart, serious lapses in AML
I can expect the foreign banks to be involved in money laundering activities as many have been charged in the US and fined by the billions. It is looking like the main business of many big banks, to make big money to be paid big bucks. Were UBS and Stanchart also fined in the US for such ‘lapses’, not intentional money laundering?...
SMRT: Taxpayers get screwed
Temasek is offering $1.68 per share or $1.18bn to buy out the minority shareholders of SMRT, a 9% premium over the last traded share price of $1.545. Usually an acquirer pays a premium of up to 30% to gain full control of the target. So the question is why just a 9% premium, shareholders and anti-PAP paper warriors are screaming?...
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