You are spot on to raise the question of the extent of Singapore stakeholders money will be involved. Another compelling justification given by the gahmen, more specifically by LKY, is that the foreign investors will be putting in all the money and hence take all the risks, and Singapore money will not be at risk. But we can see today that this is a lie.

Singapore banks not only bankroll the projects using money funded by deposits from Singaporeans, Singaporeans are major shareholders of these Singapore banks and hence are exposed to the lending risks, and Singapore Inc and investors are major shareholders in the Singapore investors in the project, including Genting International which is a Singapore-listed company.

If you add these all up, then Singapore is actually the major stakeholder in these projects contrary to what we have been assured of by the gahmen.

Profitably and returns on investments on these pojects are becoming less assured given the weak financial and economic outlook in coming years plus the fact that increasing number of Asian and neighbouring countries like South Korea, Vietnam and Bintan etc are planning or building IRs of their own in localities far superior to ours in terms of cost and natural attractions. It becomes a plausible likelihood that the gahmen might be pressured to allow locals freely into the casinos in due course in the name of financial viability for the IRs which are loaded with huge portions of seed money in non-gambling nd less profitable facilities.

Singapore is locked in and tens of billions of dollars and tens of thousands of jobs will be at stake. Don’t be fooled to think otherwide.

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hongjun
http://hongjun.blogspot.com/

I think you can still find my earlier articles on MediShield – click TOC Classic – search leong sze hian medishield

Cheers

Leong Sze Hian

If the government gives them money to be topped up into their Medisave? Won’t the money be just enough for them to pay that 1 year of additional increased premium? When it comes to claims, won’t the money be used to pay the hospital bill because of the raised deductible?

Singapore is not known to be a welfare state and we don’t expect them to be, but for our weak, fragile and poor senior citizens, especially for those above 80yr old. Hope our government will treat them better and don’t be too “Calculative” towards them.

Adrian Khiat
http://akhiat.blogspot.com

Enough of self-pitiness and resigning to PAP’s unjustified policies. We have to spread the message and be vocal about our disagreements. Only then can we see changes for the betterment of Singaporeans and their future generations.

We certainly do not want to be led into becoming an immigrants’ island where if the current trend continues, the ruling party will be given a free hand to control the nation for their own gains which is – the rich will be the rulers and masters. All others will be FIRST WORLD servants and slaves, surviving to benefit the rich only.

It’s a long march towards the next GE. Do not be complacent, for the battle of the minds is an on-going process.

DO YOUR PART AND MARCH AS ONE!

The payout from medishield ($112,823 million) is much more than the premiums ($229.783 million) collected as reflected in CPF’s 2006 annual report. The balance of the medishield fund is $925,766 million.

I find the argument put forth to justify the need to raise the premium and deductible for older folks appalling.