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The Tale of 2 Countries Kenya & Singapore
Rank: Veteran Joined: 3/27/2009 Posts: 1,437
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Ngalaka wrote:Excuses of being a democracy won't wash!
South Korea is a democracy. Freedom here (Korea not Kenya) comes with responsibility and they teach ethical behaviour to their kids. If they want to appoint say @Ngalaka as envoy to Kenya, they will investigate his conduct right from the village. In Kenya,does your background matter? Who you know matters more than what you know.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Angelica _ann wrote:harrydre wrote:murchr wrote:Business Daily wrote:Singaporeans aged 21 and above will get a “hong bao”, or Lunar New Year red packet, as Finance Minister Heng Swee Keat announced a “one-off” bonus in 2018 of up to S$300 ($228.50), depending on their income.
The bonus comes after Singapore’s trade-reliant economy grew 3.6 per cent in 2017, its best pace in three years.
Song Seng Wun, an economist for CIMB private banking, said the one-off “hong bao” bonus was a product of Singapore’s economy having a “better than expected outcome” in the last year. While every child popped in Kenya owes some national debt! Courtesy of Jubilee when was it ever different? I remember NARC campaigning on a platform of debt elimination in 2002.
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Lolest! wrote:Angelica _ann wrote:harrydre wrote:murchr wrote:Business Daily wrote:Singaporeans aged 21 and above will get a “hong bao”, or Lunar New Year red packet, as Finance Minister Heng Swee Keat announced a “one-off” bonus in 2018 of up to S$300 ($228.50), depending on their income.
The bonus comes after Singapore’s trade-reliant economy grew 3.6 per cent in 2017, its best pace in three years.
Song Seng Wun, an economist for CIMB private banking, said the one-off “hong bao” bonus was a product of Singapore’s economy having a “better than expected outcome” in the last year. While every child popped in Kenya owes some national debt! Courtesy of Jubilee when was it ever different? I remember NARC campaigning on a platform of debt elimination in 2002. Just like wazuans need debt to develop ie. loans to fund mortgages, cars, business, tuplotis, MBAs etc, the country also needs debt to develop - infrastructure etc. It would take ages to save so as fund one's development goals. Same for the country. If someone is ready to give you credit to develop yourself, just take it.
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Even in the US the debt has risen 115% to USD 20 trillion with each citizen now owing USD 60,890 (Ksh 6,089,000). Meaning every american child born today owes Ksh 6m. And american economists say the debt is a good thing. So Kenyans should just relax coz their debt is negligible and it's nothing to worry about. https://www.forbes.com/s...dont-care/#4501877032ba
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Interesting quote from that Forbes article... C&PSo the next time you hear someone panic about passing off debt to our grandkids, ask them if they know how many assets we’re passing off to our grandkids.
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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Lolest! wrote:Angelica _ann wrote:harrydre wrote:murchr wrote:Business Daily wrote:Singaporeans aged 21 and above will get a “hong bao”, or Lunar New Year red packet, as Finance Minister Heng Swee Keat announced a “one-off” bonus in 2018 of up to S$300 ($228.50), depending on their income.
The bonus comes after Singapore’s trade-reliant economy grew 3.6 per cent in 2017, its best pace in three years.
Song Seng Wun, an economist for CIMB private banking, said the one-off “hong bao” bonus was a product of Singapore’s economy having a “better than expected outcome” in the last year. While every child popped in Kenya owes some national debt! Courtesy of Jubilee when was it ever different? I remember NARC campaigning on a platform of debt elimination in 2002.
NARC campaigned on elimination of borrowing to fund the recurrent budget which Kibaki achieved to 95%. Before then we used to get financed by IMF and developed countries in order to pay salaries and other recurrent costs... this is still happening to some countries in Africa.
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Rank: Hello Joined: 9/29/2018 Posts: 1
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Liv wrote:Lolest! wrote:Angelica _ann wrote:harrydre wrote:murchr wrote:Business Daily wrote:Singaporeans aged 21 and above will get a “hong bao”, or Lunar New Year red packet, as Finance Minister Heng Swee Keat announced a “one-off” bonus in 2018 of up to S$300 ($228.50), depending on their income.
The bonus comes after Singapore’s trade-reliant economy grew 3.6 per cent in 2017, its best pace in three years.
Song Seng Wun, an economist for CIMB private banking, said the one-off “hong bao” bonus was a product of Singapore’s economy having a “better than expected outcome” in the last year. While every child popped in Kenya owes some national debt! Courtesy of Jubilee when was it ever different? I remember NARC campaigning on a platform of debt elimination in 2002.
NARC campaigned on elimination of borrowing to fund the recurrent budget which Kibaki achieved to 95%. Before then we used to get financed by IMF and developed countries in order to pay salaries and other recurrent costs... this is still happening to some countries in Africa. I remember when mwiraria was finance minister in kibaki govt and he said that we were self sufficient and didn't need any external borrowing. Then Nyongo protested and said that we are a poor third world country that needs aid and alot of debt to develop. So is debt good or bad?
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Rank: Elder Joined: 12/7/2012 Posts: 11,921
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wreckit wrote:http://www.asiaone.com/singapore/28-million-singaporeans-receive-letters-oct-2-about-sg-bonus-totalling-700m We do this every month, transfer to the elderly by the national government!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 2/15/2018 Posts: 428
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Kenyan leaders are pure thieves. They have been looting and mismanaging the economy for 55 years and they have convinced us that it is members of the other tribe that are the enemy. And Kenyans will defend their tribesmen to the hilt no matter how corrupt they are. They will happily vote for thieves and incompetent people.
Kenyans are so obsessed with supporting these thieves. See how well attended political rallies are. And the Kenyan election cycle continues non-stop. The next election is 4 years away and people are already in election mode.
Somehow the leaders have convinced Kenyans that their well being depends on having their tribesmen in power. This has been the most detrimental factor. All the problems Kenya has stem from this.
In Kenya today, the best brains want to go into politics so that they can be paid obscene salaries and then loot from public coffers. In other countries, the best brains gravitate towards fields like medicine or start business ventures. This fact alone slices GDP growth significantly
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