Monthly Archives: December 2017

Keppel Corp’s ‘good governance’ includes concealing information from shareholders, sanctioning 17 nameless current and former employees

  As the PAP continues to prevent further embarrassment to its elites, governance at Keppel Corporation has now turned into a joke. On 30 December, KepCorp’s O & M unit reported that 17 current and former employees have been sanctioned … Continue reading

Posted in POLITICS | 1 Comment

KOM scandal likely tip of GLC corruption iceberg

The PAP government has tried to portray itself as whiter than white for decades. But things are about to change with the revelation of Keppel Offshore and Marine senior management – including one former Colombo Plan scholar – being involved … Continue reading

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Singapore is in trouble, PAP continues to fake economic ‘growth’

Why are elites’ million-dollar salaries not pegged to productivity growth but fake GDP growth?  It is because they really don’t have any idea of how to increase productivity to generate real economic growth. 😦 This is how an IPS intern aptly described PAP’s productivity … Continue reading

Posted in POLITICS | 3 Comments

Don’t be a goondu, don’t anyhow believe in PAP’s fake rebates, subsidies and grants anymore

Singaporeans have been fooled/scammed for decades.  But many still believe in PAP’s fake rebates, subsidies and grants.  A few examples: Subsidised public housing and CPF housing grant Without knowledge of the component costs of HDB flats, HDB lessees should not … Continue reading

Posted in POLITICS | 1 Comment

Keppel’s senior executives involved in corrupt payments must return millions in ill-gotten gains

Remuneration of senior management is pegged to company performance. Keppel’s senior executives must have collectively been paid additional millions over 13 years as a result of corrupt payments for their “stellar performance”. 😉 According to this Reuters report, the Temasek company had … Continue reading

Posted in POLITICS | 2 Comments

Interest cost and stagnant property prices will wipe out CPF used for HDB housing consumption

The PAP government has often reminded CPF members on the need to be adequately prepared for retirement.  But on the other hand, CPF members are encouraged to consume our CPF for housing. Common sense tells us that the only roof over one’s … Continue reading

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Former PAP minister claims Keppel has integrity after paying US$422 million fine over corrupt payments

KepCorp chairman and former minister Lee Boon Yang jokes about integrity at Keppel after kena record fine of more than S$1/2 billion!    

Posted in POLITICS | 1 Comment

Keppel pays record S$570 million fine to end biggest GLC corruption probe

Money talks and the Keppel O and M corruption probe has concluded with the payment of a record S$567 million dollar fine. Bloomberg About a quarter of the fine will be paid to the Singapore government and “These payments were … Continue reading

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MOT Minister Khaw should be the next PM of Singapore

During PM Lee’s Japan vacation from 19 Dec to 31, MOT Minister Khaw will be Acting PM till Christmas. Today For Khaw to be appointed Acting PM – even for one day – he must have been rated highly by PM Lee.  Why bother to have 2 … Continue reading

Posted in HUMOUR | Leave a comment

Taxpayers scammed of $40 million in Smart Nation Singapore, accountability not an issue

I refer to “Suspected syndicate members behind S$40m bogus SkillsFuture claims charged”.  Today As usual, the ‘news’ only focused on the criminals and SkillsFuture Singapore (SSG) propaganda.  Senior management at SSG will not be held accountable for 40 million in tax dollar … Continue reading

Posted in POLITICS | 2 Comments