tag:blogger.com,1999:blog-4405345292513335071.post2886424516838249216..comments2024-03-19T18:44:15.041+08:00Comments on Little Stories: Lee Kuan Yew's Laughable MatterGilbert Koh aka Mr Wanghttp://www.blogger.com/profile/01027678080233274309noreply@blogger.comBlogger67125tag:blogger.com,1999:blog-4405345292513335071.post-24346926902234268812008-01-21T13:05:00.000+08:002008-01-21T13:05:00.000+08:00Please delete the previous comment. Wish to make a...Please delete the previous comment. Wish to make arithmetic correction:<BR/>Please pay attention to per capita (per head from Latin) numbers as they are more meaningful.<BR/>2007 popn lineup: <BR/>China (1.3b); US (0.3b); Sin (4.5m). <BR/>China/Sin: 286x; China/US: 4.33x; US/Sin: 65.9x; <BR/>GDP/PCAP: China: US$8,928; USA: US$45,144; Sin: $35,817 <BR/>PMSin pay US$2.5m; US$percap: 0.55; PMSin gets this pay per year from everyone in Singapore. <BR/>USPresident pay US$0.4m; US$percap: 0.0013; USPr gets this pay from everyone in USA. <BR/>SinPM gross pay: 6.26x USPr <BR/>SinPM pay per capita: 411.8x USPr. <BR/>China GLC per cap: US$1,000; <BR/>Sin GLC per cap: US$28,552; <BR/>Sin GLC per cap: 28.55x of China. <BR/>GLC: Govt linked company <BR/>Interpretation: Based on per cap income, USPr will need to work 411.8 years for one year SinPM worked. Conversely, since in one year everyman has 24/7 x 52wks; USPr is stressed out 411.8 times that compared with Sin PM. <BR/>If SinPM were to get his pay per cap as that of USPr, Sin PM will receive: US$6,070. <BR/>Pay/GDP/CAP: US Pr: 8.86x; Sin PM: 69.8x. This means USPr makes 8.86 times GDP/CAP(USA); SinPM makes 69.8 times GDP/CAP(Sin).<BR/>E&OEAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-46389735413380789882008-01-19T09:45:00.000+08:002008-01-19T09:45:00.000+08:002007 popn lineup: China (1.3b); US (0.3b); Sin (4...2007 popn lineup: <BR/>China (1.3b); US (0.3b); Sin (4.5m). <BR/>China/Sin: 286x; China/US: 4.33x; US/Sin: 65.9x; <BR/>PM Sin pay $2.5m US; $percap: 0.5 <BR/>US President pay $0.4 m US; $percap: 0.0013 <BR/>US/Sin: 6.26 pay<BR/>US/Sin: pay per capita: 37500%; Sin at 100%;<BR/>China GIC per cap: $1000 US;<BR/>Sin GIC per cap: $28552;<BR/>Sin/China GIC per cap: 2855%; Sin at 100%!<BR/>GIC: Govt invested company<BR/>E&OEAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-7367257699530815222007-10-20T12:05:00.000+08:002007-10-20T12:05:00.000+08:00It makes me wonder what is indonesia going to do w...It makes me wonder what is indonesia going to do with the money? feed openly corrupt politicians, eg Minister for " i need money otherwise the forests will burn" environment?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-37698669953462953152007-05-07T17:50:00.000+08:002007-05-07T17:50:00.000+08:00Sure it would help, with any recent money launderi...Sure it would help, with any recent money laundering attempts. However, it would probably be too late for money laundering done years again. The money would probably be successfully laundered (ie not traceable any more).Gilbert Koh aka Mr Wanghttps://www.blogger.com/profile/01027678080233274309noreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-53768804929874931722007-05-06T00:32:00.000+08:002007-05-06T00:32:00.000+08:00Mr Wang, supposing we were really a money launderi...Mr Wang, supposing we were really a money laundering haven and whatever the western media said is true (and I believe of course that every cent in the Swiss, American and British banks is clean and pure, nothing to do with ill-gotten gains or war spoils for sure), why would the extradition treaty not help?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-87935234637781198592007-05-04T00:33:00.000+08:002007-05-04T00:33:00.000+08:00Hey lets not forget the Chinese Indonesians who we...Hey lets not forget the Chinese Indonesians who were murdered in the 1950s - 1960s too, esp. in October 1965 when Suharto and his military murdered over 200,000 thousand Chinese people and threw thousands more in jail.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-76448977762670324582007-05-03T09:25:00.000+08:002007-05-03T09:25:00.000+08:00I know the names of some of those people who are p...I know the names of some of those people who are probably on the list. If you googled hard enough, you'd know too.<BR/><BR/>No, they certainly aren't all ethnic Chinese. That's all I have to say. <BR/><BR/>For now. ;)Gilbert Koh aka Mr Wanghttps://www.blogger.com/profile/01027678080233274309noreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-30373832171195247772007-05-02T23:34:00.000+08:002007-05-02T23:34:00.000+08:00Who cares if the money is clean or not? We can jus...Who cares if the money is clean or not? We can just use it to boost our economy growth and also the $$ is safer here. <BR/><BR/>After the nasty things they did to the ethnic chinese during the 1998 riots, the more we should welcome them here!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-59620086030751162212007-05-02T16:22:00.000+08:002007-05-02T16:22:00.000+08:00how true is it that those monies belong to the ind...how true is it that those monies belong to the indonesian government?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-48434499275102246552007-05-02T10:43:00.000+08:002007-05-02T10:43:00.000+08:00This comment has been removed by the author.Yauhttps://www.blogger.com/profile/00739777043491722892noreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-15667378695009860732007-05-02T10:39:00.000+08:002007-05-02T10:39:00.000+08:00Yeah, like the rest of the Indonesian leadership -...Yeah, like the rest of the Indonesian leadership - including all their bloody Generals- aren't as rotten a six month old papaya stuck in a dung heap. For fcuk sake people, Indonesia just wants to go after the Indonesians staying in our country because they are ethnic Chinese and didn't pay enough bribes to the idiot army generals. To say that Indonesia has any moral regard is totally laughable. I fart in your general direction!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-10880573242518688362007-05-01T15:16:00.000+08:002007-05-01T15:16:00.000+08:00Fair enough. Sorry for the inconvenience, MW! :-)Fair enough. Sorry for the inconvenience, MW! :-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-90917936373524379302007-04-30T17:37:00.000+08:002007-04-30T17:37:00.000+08:00I deleted those two comments because they refer to...I deleted those two comments because they refer to specific Indonesians living in S'pore and the first comment, in particular, says that those Indonesians have committed certain crimes.<BR/><BR/>That sounds defamatory, until such time that the crimes are proven. Till then they are just suspects (actually I don't know if they are even on that list of 18 suspects)Gilbert Koh aka Mr Wanghttps://www.blogger.com/profile/01027678080233274309noreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-63953029442256277782007-04-30T17:34:00.000+08:002007-04-30T17:34:00.000+08:00..Gilbert Koh aka Mr Wanghttps://www.blogger.com/profile/01027678080233274309noreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-75230363388917812892007-04-30T17:21:00.000+08:002007-04-30T17:21:00.000+08:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-88043902510730815132007-04-30T17:05:00.000+08:002007-04-30T17:05:00.000+08:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-43122424328448443772007-04-30T17:02:00.000+08:002007-04-30T17:02:00.000+08:00My thesis is that the extradiction treaty is usele...My thesis is that the extradiction treaty is useless to Indonesia in their fight against corruption and of little harm to Singapore.<BR/><BR/>But as usual, Singapore drives a hard bargain, and manages to get a 25-year treaty on 'defence cooperation' which basically means giving the SAF a chance to train in a big area without lugging all the heavy equipment to places like Australia.<BR/><BR/>And of course the Indonesia government wants the extradiction treaty to prove to its people that it has done something against corruption. Signing a treaty is presumably easier than going after the well-connected big fishes that are already living in Indonesia to begin with. <BR/><BR/>Next thing they do will be to blame Singapore for the implementation of the treaty in failing to bring any big fishes back. But we understand how the game is played and will live with the noise (and the defence treaty).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-71954787012357118222007-04-30T16:56:00.000+08:002007-04-30T16:56:00.000+08:00HK and Malaysia, I don't know. Australia - I do kn...HK and Malaysia, I don't know. Australia - I do know of one case, not sure if there are others.<BR/><BR/> $642,000 of the laundered money was recovered in Australia and repaid to the Indonesian government. <BR/><BR/>The suspect was an Indonesian; it was a corruption case. Australian enforcement agencies worked with Indonesian authorities to track him down and arrest him in Australia. He died, however, before they could extradite him.<BR/><BR/>http://www.kbri-canberra.org.au/press/040420e.pdf<BR/><BR/>Silly chap. He should have run away to a country that didn't have an extradition treaty with Indonesia and didn't want to sign one.Gilbert Koh aka Mr Wanghttps://www.blogger.com/profile/01027678080233274309noreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-45914174002702736982007-04-30T16:30:00.000+08:002007-04-30T16:30:00.000+08:00So a hot, humid (and to many people boring) island...So a hot, humid (and to many people boring) island that has close relationship with Indonesia and surrounded by countries that already have extradiction treaty with Indonesia is 'ideal'? Come on, if you have billions and thinks that the Indon Govt is out to get you, there are much better places to enjoy your ill-gotten gains. Bahamas for instance? <BR/><BR/>Believe me, we won't be arm-twisted by the sand ban. It only hurts a bit in the short run. The land cost in Singapore is so high that sand cost is always going to be small in the overall project cost -- well within the contingency sum that most project managers would have built in. And sand is certainly not the rarest commodity that can be bought with money. <BR/><BR/>Btw anyone can enlighten me on how many corrupt politicians or businessmen have indeed been extradicted from places like HK and Malaysia?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-10338173770503015882007-04-30T14:57:00.000+08:002007-04-30T14:57:00.000+08:00Actually, until last Friday, Singapore would have ...Actually, until last Friday, Singapore would have been the best choice in the region, for such Indonesians.<BR/><BR/>Why? Because other countries in the region, like Australia, Hong Kong, Malaysia, Thailand and the Philippines, had all already signed extradition treaties promising to help the Indonesian government deal with such criminals.<BR/><BR/>Singapore was the slowest country to agree to sign such a treaty. It wouldn't even sign until it was arm-twisted by the sand ban. <BR/><BR/>So of course it is the best place in the region for the Indonesians to run to. <BR/><BR/>(Until last Friday).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-26068049644606091222007-04-30T14:39:00.000+08:002007-04-30T14:39:00.000+08:00I find it amazing that there are people who believ...I find it amazing that there are people who believe that Indonesians in serious troubles with laws in their home country after embezzling billions will settle down in Singapore. It is as if after stealing millions from the Singapore Government I decide to just run across the causeway and buy a nice big house in JB. Get real. The impact of the treaty on Singapore's economy will be negligible. But the defence treaty we got in return will be very useful.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-3461127877186380792007-04-30T10:44:00.000+08:002007-04-30T10:44:00.000+08:00Mr Wang, I love your Google remark about 1,080,000...Mr Wang, I love your Google remark about 1,080,000 hits. <BR/><BR/>The score now is 5-0, Mr Wang has 5 goals, the PAPanons have zero. <BR/><BR/>I advise the PAPanons to just give up. :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-71062890337347798732007-04-30T05:04:00.000+08:002007-04-30T05:04:00.000+08:00Dear , dear, Mr W, words cannot begin to convey ho...Dear , dear, Mr W, words cannot begin to convey how much I owe you for this timely piece of information. Thanks to your illicit insider knowlege, mine eyes have seen the glory of the coming of the off-shore banking haven and I've since arranged to launder my $290 monthly stipend according to your strategy.<BR/><BR/>There was a time when I was content to carefully secrete the money between the pages of <I><B>"The Plen - My Part In His Downfall"</B></I> on the grounds that it would be never be discovered there - but no more! You'll be tickled pink to know that I've followed your instructions to the letter and shuffled the dosh between 3, yes 3, <I>yum cha</I> POSB accounts to baffle the bloodhounds of the Revenue. You were a little careless not to emphasise cash at every step to avoid any possibility of generating a paper trail, but I forgive you.<BR/><BR/>Stage 2, layering, did present a slight problem as my mistress made it known in no uncertain terms that there would be absolutely no layering permitted into her bank account without first having laid her other account, if you get my drift. A step too far, thought I, for who knows what unforseen chaos that might have caused to the nation's carefully balanced population policy? Is it not written that the mere flap of a flutterby's wings in Bintan could give rise to a dangerous pain-in-the-posterior in Syonan?<BR/><BR/>Despair. But just as the friendly wheels of a passing MRT beckoned, a kindly meesiam hawker cried out "eh, uncle, want to invest in my <I>harm</I> concession or not?" and I realised that there is a God after all. Yes indeedy, the perfect shell company to lose my dirty dollars in. I shan't bore you with the detail of the odd buck stashed here and there, nor the cunning stunt at the kwayteowman's stall, but suffice it to say that my dough has been washed so white it could easily pass for an MP's outfit on National Day.<BR/><BR/>I have to say that am SO looking forward to the final stage. Rather than illiquid investments like property, I thought something rather less transparent, less easily garnished, perhaps? You really can't be too careful these days, what with extradition treaties being waved around like 4 million smiling faces, eh? Something suitably opaque would be perfect - say, a tracker fund mirroring Temasek's portfolio, 18% returns per annum since dinosaurs ruled the earth. "Where the bee sucks there suck I" is a prudent approach, I think.<BR/><BR/>You can see it won't be too long before I inherit the earth and its peanuts, Mr Wang, and all without quitting for pastures new. Best of all it'll all be so tightly integrated as to disappear up its own fundament and forensic accountants won't have a clue. Today I take Sentosa, tomorrow, heh, tomorrow I take New York!<BR/><BR/>Of course I owe it all to you (nudge-nudge, wink-wink, say no more) and shall surely name my first-born in your honour. I was all set to follow Johnny Cash's advice in <I>A Boy Named Sue</I> and call my lad <B>Vivian</B> to toughen him up for the long and winding road ahead, but now there's little need. For he will be - wait for it - <I><B>ELITE</B></I>.<BR/><BR/>Once again, thank you, good night, and may your laundering God go with you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-47549520999983965662007-04-30T01:22:00.000+08:002007-04-30T01:22:00.000+08:00Interesting! MUST one be an insider to understand ...Interesting! MUST one be an insider to understand the process and method of money laundering? So are all those money launderers insiders? And acted in cahoot? Btw< some have mentioned that PM Lee will step down< history(local) has shown that Singapore PMs get paid higher when they stepped down and got themselves more authoritative titles< do not think that they retired!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-67324527720906923502007-04-29T22:22:00.000+08:002007-04-29T22:22:00.000+08:00OMG, Mr Wang gives "insider information" on the ne...OMG, Mr Wang gives "insider information" on the net, you sure?<BR/><BR/>But, I try this "money laundering techniques" and Google give me 1 million plus "insider" hits. And the first thing I get is:<BR/><BR/>http://www.crimes-of-persuasion.com/Criminals/layering.htm<BR/><BR/>Oh my, "insider information" is all over the net. Quick, quick, call the police now...Anonymousnoreply@blogger.com