Tuesday, October 18, 2005

The News

A quick look through the headlines this morning.

1. Lee Wei Ling - I applaud her for her balls. And I totally agree with her. Singaporeans are generous to a fault. There must be more worthy receipients of "peanuts" out there. Why 'save' 2 children destined to live a bad quality of life?

2. Goalposts - The Govt has announced that they are removing the cap on % revenue allowed to be earned from the casino in the 'Integrated Resort'. One cannot help but feel as if our Govt has just taken us for a ride.

During the initial phase, when they were 'deciding' (when the decision was already made) whether to approve the resort, our dear Govt defended the decision by claiming that the casino would have its revenue capped to 20%? of the total resort takings. This soothed some naysayers. And now, our 'flexible' Govt claims investors have noted how it would be bad for ROI. Like duh. So now how?

We cannot protest, and our Govt is being flexible to change. But I cannot help but feel fucked over.

3. PTC - Go to jail for fare-cheating? WTF? Fix the farking system to stop under-charging and over-charging us first lah. Why don't we put the SBS Board in jail after they over-charge us over a limit?

4. Liew Syn Pau - Ascendas Chairman, charged under the Companies Act for lending money to another company to buy the principal's shares. I see him everyday, his office is next to mine.

2 comments:

Titania said...

why so peeved over integrated resort? bodes well if you're going to invest.

Rambling Alcoholic said...

I just an angry man today.