Ladies and Gentlemen,
According to latest reports received from Singapore a few minutes ago, the 87 year old Singapore strongman, Lee Kuan Yew, had suffered a massive heart attack at 9.34 pm yesterday Singapore time.
He is reported to be presently in the Intensive Care Cardiac Unit of the Singapore General Hospital under sedation and respiration, carefully watched by a team of doctors, with his son whom he appointed the Prime Minister and his 2 other children beside him.
It is understood his wife is also in the same hospital in a coma now for several years.
It is uncertain if he can recover at his age, and the pacemaker which he has in his heart is believed to have contributed to it.
According to reports, the pacemaker malfunctioned triggering this massive heart attack.
With the entire country run by this one man, the fear that business leaders and bankers had for very long may have finally come true; that such a happening can destroy the business confidence and cause total destruction in the small island city state.
The reason for the lack of confidence is due to the general lack of confidence in his son's, the prime minister's capacity to govern thereby creating a power vacuum with no single person able to assume control in the island.
In fact reports have been coming in that some investors have already started transferring their funds overseas creating a fear there could be a run on the banks.
There are reports that several top officials who have amassed fortunes under Lee Kuan Yew's patronage and connections have begun to have the jitters and started moving their funds overseas.
A few high ranking civil servants and judges who were responsible for human rights abuses against his political opponents have also been on alert ready to leave the island any minute.
Reports have also been coming in that peaceful protesters and demonstrators have begun assembling in small pockets at the Geylang and Mountbatten Road junction and the Orchard Road and Patterson Road junction holding placards
reading "Democracy" and "Down With the Dictator" and chanting slogans.
The situation is very fluid and I will be reporting on the situation as it unfolds. There have been numerous telephone calls to the Prime Ministers Office and the Singapore newspaper the Straits Times for information.
March 06, 2010