Category Archives: Rant

Guilt-edged investments: Singapore’s latest ponzi scheme explosion

I like to think that all of JRE’s readers would be smart enough to run a mile if they saw an investment advertising returns of “20-25% per year guaranteed!”.  Unfortunately, a phenomenally large number of Singaporeans and Malaysians weren’t:  KUALA … Continue reading

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Signed: Disgusted of Tunbridge Wells

Singapore made a significant change to its laws recently, after years of lobbying from human rights groups: from next year, live-in maids (most of whom are migrant workers from Indonesia or the Philippines) will be given one day off a … Continue reading

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China’s exchange problem

From yesterday’s FT: China has an exchange problem – specifically, it has too many of them: The Chinese government has launched a crackdown on hundreds of unregulated electronic equity and futures exchanges that have sprung up in recent years to trade … Continue reading

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It’s like ten thousand spoons, lah, when all you need is a knife

I was having dinner tonight with a Berkeley-based friend, and he had one particular question about Singapore: “Look, I saw this video on Youtube, the Fun Pack song.”“The Bad Romance parody?” Side note: a bellringer at UC Berkeley went rogue … Continue reading

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Charles Ponzi sues China for copyright infringement

This FT opinion piece, by China Confidential’s James Kynge, paints a worrying picture of the current state of Chinese business lending: Beijing, which has wielded financial control as a key tool of Communist party power, now finds itself largely at the … Continue reading

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They’ve moved in next door to Roman Polanski

One of the larger investment scandals in Singapore – a city which is not short of investment scandals – was the saga surrounding Profitable Group, a land-banking investment firm that collapsed in 2009, taking tens of millions of dollars of … Continue reading

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A mash note to the SDR

Slightly old news, but China will not shut up about wanting the CNY to be included in the SDR basket. ATTENTION CHINA: JOINING THE SDR BASKET DOES NOT MAKE YOUR CURRENCY CREDIBLE; YOUR CURRENCY HAS TO BE CREDIBLE BEFORE IT CAN … Continue reading

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Singapore Election 2011: It’s Shit Like This, Straits Times

Have a look at this montage (created by Crikey.com.au) of yesterday’s front pages from across the world. Every single newspaper has bin Laden above the fold, except for two. One – the Times of Oman – has a puff-piece about “His … Continue reading

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Ray Bradbury sues Sino Techfibre for copyright infringement

You’ve got to give them credit for lateral thinking – one dodgy S-chip that was about to face the wrath of the auditors has decided to use Fahrenheit 451 as an instruction manual. Here’s part 1 of Sino Techfibre’s announcement … Continue reading

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The Impossible Picosecond

On Tuesday, the chief executive of Corvil (which specialises in “latency management for financial markets” – they’re a high-frequency-trading technology firm, in short) stood up at a conference and said something a bit ridiculous. eFinancialNews reported it like this: Speaking … Continue reading

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