Monday, September 27, 2010

Selamat Datang Ke Singapura

Malaysia is on a roll. For housing and feeding Mas Selamat since 1 April 2009, she is well compensated for "the longstanding close co-operation between the Malaysian and Singapore security agencies". Never mind that, throughout the long sojourn, MHA representatives never got to meet with the escaped terrorist. It is only now, after a multi-billion dollar handshake, that Minister for Home Affairs Wong Kan Seng can cautiously state "when the information he gives can be verified, and we can conclusively say that is how he escaped". In other words, Mas Selamat could have easily taken one of those Duck Tours, which operates amphibious military surplus DUKWs capable of crossing land and water. The rubber dinghy story offered by him earlier is so lame.

Prime Minister Lee Hsien Loong's parsimonious one word "No" answer to the obvious query about the link between the perceived payola and the long overdue prisoner extradition speaks volumes. The story really started with Singtel overpaying English Premier League (EPL) for the exclusive broadcast rights, which they are still struggling to deliver with the flaky mioTV platform. Then FIFA heard about the Singapore decision makers who throw money to the wind like it was going out of style, and joined the feeding frenzy with outrageous World Cup demands. But even they could not imagine a Minister who would exceed a budget 3 times over, and still look himself in the mirror and smile.

No wonder Bernie Ecclestone is saying he wants the Singapore Grand Prix to be staged for the next 20 years. Factoid: He''s the only one guaranteed to make a killing from the F1 races. According to Time Magazine ("Turbulent Times Of Formula One", 15 March 2010), Ecclestone alone makes the big TV, sponsorship and track deals that keep F1's cash gushing. Ecclestone was also quoted praising the governance style of Adolf Hitler, saying the German leader "could command a lot of people" and was "able to get things done". You can see why the guy simply loves Singapore. A nervous Minister of Trade and Industry S. Iswaran, who inked the 5 year deal running out in 2012, quickly clarified that it is too early to talk about an extension. The decision to proceed "will rest on a robust cost-benefit analysis," especially when the report card for the inaugural event of 2008 has yet to be publicly released. Unlike his thick skinned colleague, Iswaran does not have a miscellaneous accounting entry called "other costs" to fool around with.


  1. F1 is an "Angmohs" sports. See the caucasians enjoying the "fix". One wonders how much profits they make. Everything is under "wraps" and the technology aspect of what I call the "swindle sports" are monopolised and manipulated by the Angmohs.

  2. Who actually has the figures for the income and expenditure of the F1 event?

  3. Formula Money, the book which reviews Formula 1's financials, has this: "In 2008, its first year, the race took in $51 million, but cost $100 million. The (Singapore) government kicked in $60 million, leaving the promoter with a tidy profit."