Thursday, November 02, 2023

Loss from hacked bank accounts

 Should the bank or the customer be responsible for losses arising from hacked bank accounts? I give my views here.

Excess deaths due to vaccine?

 Singapore reported a high ratio of excess deaths in recent years. This ratio is the highest among the countries that were tracked. Is the excess deaths due to the covid vaccine?

Selfie with Tan Kin Lian

 Have you taken a selfie with Tan Kin Lian?

You can collect a campaign poster.

Wednesday, November 01, 2023

Secrecy and transparency

 The PAP government believes in secrecy. Many important matters are kept secret.

Here are some examples:
1. How much are our reserves
2. What were the terms of the multi-year, multi-million dollar Formula 1 contract
3. What is the construction cost for HDB flats
4. What military equipment were bought and the prices paid
When important matters and decisions are kept secret, there is the risk that corrupt practices may be undetected. It could also lead to costly and wasteful spending.
On the other hand, full transparency may create problems also. Some of the "secrets" may be used by third parties, or contractors, to submit higher bids for contracts. Ordinary people, who are not qualified to judge, may pass irresponsible opinions.
What is the right balance between secrecy and transparency?
I believe that , on balance, transparency is a better approach.
I also believe that ordinary people should respect and trust the decisions taken by the people in charge, and should not argue over differences of opinion.
Tan Kin Lian

A walk through Forest City

Kra canal in Thailand

 Here is a recent video about the Kra Canal project in Thailand.

The new government in Thailand is discussing with China about this project.
The cost of $25 billion USD may not be a key obstacle, as the canal may be viable and can be funded by international capital. |
The economic impact on Singapore could be serious. (This is more than I had expected earlier).
There is also a geopolitical dimension. Singapore is closely aligned with America, which station its naval base in Singapore.

Anonymous profiles in social media

 Anonymous profiles in social media can be used to spread hatred, malice, falsehood and harm. It has to be controlled.

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