>90% SIA shareholders who didn't subscribe to MCB have lost a great deal.
Correct price of SIA MCB now should be 10% less than equivalent SIA share price (conversion factor of 2.68 bonds to 1 SIA share) and vice versa.
That is why, based on the 6% compound interest and $4.84 conversion price (may be even lower with anti-dilution clause), the effective price of an SIA share in 10 years time, from the MCB pathway is $2.68 now.
Not for love of money, but of Humanity. "Greater is he who works for the good of all, then he who works for the good of himself only" ~ Matthew 25:40: "The King will reply, 'I tell you the truth, whatever you did for one of the least of these brothers of mine, you did for me.'"- (NIV). I live in Singapore where the Emperor must not be disturbed.
Showing posts with label transparency. Show all posts
Showing posts with label transparency. Show all posts
Saturday, June 6, 2020
Saturday, April 11, 2020
Nparks officers should avoid behaving like lawless vigilantes when imposing covid-19 rules and regulations .
Nparks officers should avoid behaving like lawless vigilantes when imposing covid-19 rules and regulations .
https://www.gov.sg/article/what-you-can-and-cannot-do-during-the-circuit-breaker-period
![[Image: yQkiJtJ.jpg]](https://i.imgur.com/yQkiJtJ.jpg)
Thursday, April 9, 2020
Those who advocate closure of parks, banning of exercise are shortsighted people, who have missed the forest for the trees.
Those who advocate closure of parks, banning of exercise are shortsighted people, who have missed the forest for the trees.
All medical evidence shows that those with sedentary lifestyle (and smoking) related chronic medical conditions like diabetes, hypertension, obesity, high cholesterol, heart and kidney problems, stroke/ dementia, cancer, are at the highest risk of severe complications/ mortality from COVID-19 infections which would use up precious ICU / ventilator beds.
All medical evidence shows that those with sedentary lifestyle (and smoking) related chronic medical conditions like diabetes, hypertension, obesity, high cholesterol, heart and kidney problems, stroke/ dementia, cancer, are at the highest risk of severe complications/ mortality from COVID-19 infections which would use up precious ICU / ventilator beds.
Saturday, March 28, 2020
GRC is an INSIDIOUS system of elections which has done Singapore irreversible harm.
GRC is an INSIDIOUS system of elections which has done Singapore irreversible harm.
It has short changed (betrayed) its minority race parliamentary representation by almost 25%
It has allowed top politicians to decrease their accountability to citizens by 85%.
(Must be the diabolical creation of an evil maths genius in Singapore for his own tyrannical rule.)
Calculations as follows:
By law, each Group Representation Constituency (GRC) needs only one notional minority MP to contest general elections. In GE2020, there will now be 17 GRC and 14 SMC making a total of 93 MP seats in parliament (which are not NCMP or NMP seats) . https://www.straitstimes.com/multimedia/...html?shell
It has short changed (betrayed) its minority race parliamentary representation by almost 25%
It has allowed top politicians to decrease their accountability to citizens by 85%.
(Must be the diabolical creation of an evil maths genius in Singapore for his own tyrannical rule.)
Calculations as follows:
By law, each Group Representation Constituency (GRC) needs only one notional minority MP to contest general elections. In GE2020, there will now be 17 GRC and 14 SMC making a total of 93 MP seats in parliament (which are not NCMP or NMP seats) . https://www.straitstimes.com/multimedia/...html?shell
PAP Cabinet created GRC system to AVOID ACCOUNTABILITY to the citizens of Singapore?
PAP Cabinet created GRC system to AVOID ACCOUNTABILITY to the citizens of Singapore?
And we once thought that GRC was created to improve minority representation, this is furthest from the truth, since before GRC was implemented in 1988, NCMP was implemented in 1984 for the express purpose of 'ensuring opposition representation', so why wasn't NCMP system also implemented for minority racial representation?
Must be an evil maths genius inside PAP who created all this excesses , so that the PM and his cabinet could achieve almost totalitarian rule over Singapore.
And we once thought that GRC was created to improve minority representation, this is furthest from the truth, since before GRC was implemented in 1988, NCMP was implemented in 1984 for the express purpose of 'ensuring opposition representation', so why wasn't NCMP system also implemented for minority racial representation?
Must be an evil maths genius inside PAP who created all this excesses , so that the PM and his cabinet could achieve almost totalitarian rule over Singapore.
Labels:
despot,
governance (bad),
GRC system,
Legal,
Politics/ Governance (gen),
scams,
transparency
Tuesday, March 24, 2020
Early elections is a betrayal of the trust of Singaporeans, very xia suay (low class, shameless)
Early elections is a betrayal of the trust of Singaporeans, very xia suay (low class, shameless)
It's like eating roadside Street hawker finger food where patrons must pay up before food preparation and collection.
Michelin restaurant is pay only if u are happy with the food and service delivered. Chef/ manager will immediately attend if u have complaint regarding the service or food.
It's like eating roadside Street hawker finger food where patrons must pay up before food preparation and collection.
Michelin restaurant is pay only if u are happy with the food and service delivered. Chef/ manager will immediately attend if u have complaint regarding the service or food.
Sunday, March 22, 2020
Immoral NTUC is by no small measure, responsible for the panic buying of food.
Immoral NTUC is by no small measure, responsible for the panic buying of food.
Selfish and irresponsible wastage of food by NTUC one cause of COVID-19 panic buying amongst Singaporeans.
pict source: https://www.thestar.com.my/lifestyle/li ... s-the-head
Selfish and irresponsible wastage of food by NTUC one cause of COVID-19 panic buying amongst Singaporeans.

Sunday, March 15, 2020
Singapore : ERP rates are currently underpriced by 67%.
Singapore : ERP rates are currently underpriced by 67%.
https://en.m.wikipedia.org/wiki/Electronic_Road_Pricing
PAP government neglegently omitted to consider that roads are a big cause of flooding because they are designed to quickly drain off surface water. This builds up into floods at low lying areas.
![[Image: 22840469.4_37572240_-_26_02_2016.jpg]](https://www.straitstimes.com/sites/default/files/styles/article_pictrure_780x520_/public/articles/2016/07/25/22840469.4_37572240_-_26_02_2016.jpg)
PAP government neglegently omitted to consider that roads are a big cause of flooding because they are designed to quickly drain off surface water. This builds up into floods at low lying areas.
Friday, March 13, 2020
[Singapore]: Should internet (online) voting be allowed?
[Singapore]: Should internet (online) voting be allowed?
Probably, PAP will roll out internet voting vz Singpass or so for citizens based abroad or Singaporeans on quranteen /stay home notice (SHN) who are not allowed to leave home except for serious emergency (go to A&E for medical treatment etc) to cast their vote during general elections.
Probably, PAP will roll out internet voting vz Singpass or so for citizens based abroad or Singaporeans on quranteen /stay home notice (SHN) who are not allowed to leave home except for serious emergency (go to A&E for medical treatment etc) to cast their vote during general elections.
Friday, March 6, 2020
Sign to habituate people to IGNORE red lights is a very stupid LTA mistake.
Sign to habituate people to IGNORE red lights is a very stupid LTA mistake.
Left turn on red is very ridiculous and dangerous to pedestrian and cyclist pathway users.
How can motorist and cars be encouraged to shoot a red light? Who is the crazy person at LTA who mooted this idea? This person should indeed be sacked/fired or be sentenced to walking or cycling to work for the next 10 years.
Left turn on red is very ridiculous and dangerous to pedestrian and cyclist pathway users.
How can motorist and cars be encouraged to shoot a red light? Who is the crazy person at LTA who mooted this idea? This person should indeed be sacked/fired or be sentenced to walking or cycling to work for the next 10 years.
Thursday, March 5, 2020
The consequence of insufficient cycling paths in Singapore is that diabetes rates will be out of control with serious repercussions on economy,...
The consequence of insufficient cycling paths in Singapore is that diabetes rates will be out of control with serious repercussions on economy, transportation, quality of life in Singapore.
Diabetes rates are already very high in Singapore:
Singapore 'has 2nd-highest proportion of diabetics'
https://www.straitstimes.com/singapore/health/singapore-has-2nd-highest-proportion-of-diabetics
Diabetes rates are already very high in Singapore:
Singapore 'has 2nd-highest proportion of diabetics'
![[Image: fNO5FUe.jpg]](https://i.imgur.com/fNO5FUe.jpg)
Thursday, February 20, 2020
COE quota should remain stable, but ERP rates should increase 3 fold.
Geylang Prawn Seller(HWZ) said:https://forums.hardwarezone.com.sg/eat-d...t125274091
================
actually he got a point
coe is too expensive. erp and petrol is too cheap
tax the usage of cars on congested roads. why tax the car itself when some people use their cars more than other people
Re: "nonsense it's the number of COEs just halve it"
lazysundae(HWZ) wrote:https://forums.hardwarezone.com.sg/eat- ... t125270782
====================
nonsense it's the number of COEs just halve it
Sent from YNWA at Anfield using GAGT
Re: not only that, GST must be 20% to help the poor m
fatboi666(hwz) wrote:https://forums.hardwarezone.com.sg/eat- ... t125269004
not only that, GST must be 20% to help the poor ma
LoveHurtsDeeply(HWZ) wrote:yes, do that please... when logistic cost increase... expect your daily bread and butter commodities to go in relative as well... more people ditch cars better... lesser revenue for the govt, seek alternatives for tax to recoup...
ERP rates must double to achieve happiness, prosperity and progress for Singapore.
ERP rates must double to achieve happiness, prosperity and progress for Singapore.
![Click this image to show the full-size version. [IMG]](https://upload.wikimedia.org/wikipedia/commons/thumb/7/7a/ERPBugis.JPG/1200px-ERPBugis.JPG)
(And parking rates too).
(And parking rates too).
Sunday, February 16, 2020
[Labour Justice] All foreigners should bid for standard work permit, COE style.
[Labour Justice] All foreigners should bid for standard work permit, COE style.
Only category available= 1 year work pass option, paid lump sum in advance before COE is issued.
For unused portion, will be refunded like 75% unused, refund 60%. 50% unused refund 40%, 25% unused refund 20%.
Daily work pass for visiting workers celebrity chef, licensed professionals requiring shorter employment periods or prior to successful bidding of annual COE employment pass will pay a daily rate double that of the PQP (last 3 months annual COE bidding result)
Only category available= 1 year work pass option, paid lump sum in advance before COE is issued.
For unused portion, will be refunded like 75% unused, refund 60%. 50% unused refund 40%, 25% unused refund 20%.
Daily work pass for visiting workers celebrity chef, licensed professionals requiring shorter employment periods or prior to successful bidding of annual COE employment pass will pay a daily rate double that of the PQP (last 3 months annual COE bidding result)
Glass Ceiling Salary level for Singaporean PMET workers may be as low as $1720/month ($2,208.33/monthly if company is honest).
Glass Ceiling Salary level for Singaporean PMET workers may be as low as $1720/month ($2,208.33/monthly if company is honest).
From this point onwards, there is zero financial incentive to hire Singaporean from a corporate balance sheet perspective. This glass ceiling threshold point, whereby any citizenship benifit of being Singaporean vanishes for the Singaporean employee.
From this point onwards, there is zero financial incentive to hire Singaporean from a corporate balance sheet perspective. This glass ceiling threshold point, whereby any citizenship benifit of being Singaporean vanishes for the Singaporean employee.
Labels:
economics,
Economics (poverty),
foreign talent,
immigration,
Legal,
scams,
The Economy,
transparency
COVID-19 outbreak all just storm in a teacup? Perhaps, possibly, maybe?
COVID-19 outbreak all just storm in a teacup? Perhaps, possibly, maybe?
Friday, February 7, 2020
[Parody]: What’s the point behind the question? (CCS face masks version).
[Parody]: What’s the point behind the question? (CCS face masks version).
Parliamentary exchange 2: Pritam and Chan Chun Sing
Later on, after other MPs had asked questions, Pritam rose again to speak.
“Sir, my original parliamentary question really if more face masks reduce Wuhan virus transmission. Minister Lawrence WONG and K Shanmugam says that healthy people shouldn't wear face asks.
Parliamentary exchange 2: Pritam and Chan Chun Sing
Later on, after other MPs had asked questions, Pritam rose again to speak.
“Sir, my original parliamentary question really if more face masks reduce Wuhan virus transmission. Minister Lawrence WONG and K Shanmugam says that healthy people shouldn't wear face asks.
Monday, January 20, 2020
[Eco disaster] Australians will become the first climate refugees soon.
[Eco disaster] Australians will become the first climate refugees soon.
Many Singaporeans who migrated to Aust will be returning home too.
Today, much of Australia is on fire due to record beaking ground temperatures. https://www.bbc.com/news/world-australia-50980386
This ecological disaster is the result of greedy people who pumped out (and squandered) excessive ground water until the water table is beyond reach of forests at all.
Many Singaporeans who migrated to Aust will be returning home too.
Today, much of Australia is on fire due to record beaking ground temperatures. https://www.bbc.com/news/world-australia-50980386
This ecological disaster is the result of greedy people who pumped out (and squandered) excessive ground water until the water table is beyond reach of forests at all.
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