Immigration Checkpoints and Smart Nation
A few days ago, four friends and I travelled to KL by car. At Tuas checkpoint, we were told to get out of our car and were escorted to the immigration office with our passports still in the hands of the officer. At the office, it turned out that one of us had a "problem". He had obtained the magistrate’s permission to leave...
Hyflux fiasco shows why ‘book value’ is BS
And why audited accounts are juz another genre of fiction: science fiction is closer to reality. I tot these tots when I read Hyflux’s response to a question from Securities Investors Association of S’pore (SIAS) which read: On what basis was Tuaspring being valued at SGD1.4 billion? This has proven to be overstated by at...
Discombobulated Individual Responsibility
Nations, culture, people, what account for their differences? The differences seem random and chaotic. However, Chaos Theory shows that behavior of dynamical systems are highly sensitive to initial conditions. Francis Fukuyama in his ‘The Origins of Political Order | Neuroanthropology’, made essentially the same points.The...
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