simple – give back commoners principal $, ok liao

keep the gains which come from INVESTMENT & keep rolling on..

aiyoyo…

The answers are staring you in the face, its called deafening silence…..this is just a small issue, and we have already seen the response we are getting.

Just imagine if it were our reserves or CPF money for that matter….. what would the outcome ………
—————————————————————–

Precisely why I bothered to be concerned.
Precisely why I cannot understand the apathism.
Precisely why I cannot understand the status quo.

Its TIME!

There are many good resumes.

What we want is INFORMATION.

you digg?

A big thank you to you sir. I read through your attached link article about our late beloved President Ong. Heartening indeed and you can only shake your head and sigh. What have this country really become? On a bright note, it just makes people more aware and should be more diligent come voting time. I think all of us should pass along this link to share with relatives, friends and colleagues.

interesting article found on net about our late ex.president’s interview after his step down talking about our nation reserve.

“Dr Teo Ho Pin coordinating chairman for the PAP TCs, told Today newspaper that the TCs cannot reveal their investment strategy.” – what do you expect from him. This is exactly the same words spoken by our wise old man when asked about the investments of GIC. Where is then the accountability? Who made the decision of these investments? On what basis were these investments made? There is NO need to tell us the strategy which appears to SUCK but we expect to know what went wrong? and who is accountable for this?

“While Singaporeans know that TCs are allowed to invest up to 35% of the $1bn in sinking funds they hold, we have absolutely no idea how this money is being used.” – do you think you can get any answer out from the government after this fiasco. The investment strategy is TOP SECRET and as the government do not want that others will be able to follow their strategies? if they reveal this. This must be the most hilairous thing in town.
“For now, public anger is at a high watermark. The best way to bring an end to this sorry episode quickly is full and frank disclosure. The TCs need to release full details of their investments..” – you think just because you are TOC that you will be able to get the government to give you the full disclosure. Think again. Who are you? Just one of the digits in the eyes of the government. They have been voted in and given the mandate, and they know what is best for the people, including the refusal to give a full disclosure of this episode. As as one blogger wrote, Singapores have short term memory, and this will probably blow over again.

The pedigree of these experts are unquestionable:

HOLLAND-BUKIT PANJANG FINANCE COMMITTEE
Tan Sim Cheng, Peter Chairman
· Director of Kidney Dialysis Foundation (KDF)
· Chairman, NUH Medifund Committee
Tan Kian Huay Vice Chairman
· Director, NTUC Choicehomes Corporative Ltd

PASIR RIS-PUNGGOL FINANCE COMMITTEE
Ernest Kan Yaw Kiong Chairman
· Chief-of-Operations, Clients and Market, Head of IPO Group, Deloitte & Touche, Singapore
· Vice President, Institute of Certified Public Accountants of Singapore
Christopher Tay Ah Meng Vice Chairman
· Director, Spatec Pte Ltd, Sensori Holding (S) Pte Ltd, YES Holdings Pte Ltd
· Chairman, Punggol South CCC Welfare & Education Fund

ALJUNIED ADMIN & FINANCE COMMITTEE
Liew Choon Boon Chairman
· Director, Defence Finance, Defence Management Group (DMG), MINDEF
· Executive Committee Member of RENCI Charity

HONG KAH FINANCE COMMITTEE
Wong Mun Chiang Chairman
· President of WIN-SQ
· Managing Director of Vetpharm Laboratories (S) Pte Ltd.
Lai Siew Hoong Vice Chairman
· Technical Support Officer, SAF Mapping Unit, MINDEF

MARINE PARADE TENDER & FINANCE COMMITTEE
Dr Chua Ee Chek Chairman
· Chairman, Marine Parade CCC
· Chua Eye Surgery Pte Ltd
Lim Chin Sen Vice Chairman
· Certified Public Accountant / Executive Director of Summer View Hotel Singapore
· Former Chairman (current Member) Audit Committee, RENCI Charity

The answers are staring you in the face, its called deafening silence…..this is just a small issue, and we have already seen the response we are getting.

Just imagine if it were our reserves or CPF money for that matter….. what would the outcome be.

It is obvious, they are waiting for this to die a natural death, when the people are exhausted and give up.

I am very sure our NMP’s are all reading the comments posted here…. they have responded with silence.

Simple as that.

Does the people deserve more Pro-Active Alternative leadership to represent our feelings and voices?

If all or most of the 33% swing towards a new Alternative as pro-active and well articulative as TOC, then maybe we finally can have a new more effective Alternative Party. We only need 1. Someone has said, its difficult enough to have 1 ‘A’ Team. Likewise, we should all aim for only 1 strong and responsive and effective Alternative Party.

TC investments :
I am confident they are doing well.
But that is based on my believe.
This may be a bit too unscientific .
Given their confidence that they are taking good care of our money,
what is the harm of Full disclosure given this TC is not the T or the G?
what is the harm of showing your good results?
I would think its to your benefit that you disclose since your hard work should be appreciated by all HDB leaseholders, their dependents and children. Do they think this investment has no impact on them?

So, why not show us the records to prove what is said and silent the conspiracy theories once and for all? I worry that people may perceive the wrong way about how TC manage service and conservancy funds. This is not healthy in the long run. TRUST could be broken.

HDB dwellers look forward to a full disclosure of wonderful investment results for all to see. I am sure you guys did well. come on!

Your responsibility is to serve the people in your constituencies.

Town Councils are meant to serve the residents. Town Councils should maintain a resonable amount of contigency funds, but the contigency funds should be capped and the rest of idle fund should be returned to the residents in the form of rebates or cash.

To cite adopting ‘secretive’ investment strategies in hope counter inflation effect on the idel fund is NOT acceptable. Residents do not entrust Town Councils the monthly S&C monies for investment returns. They need the Town Councils to upkeep of the place that they live.

The contigency fund and idel fund belong to the residents. Having a proper meal today and a leak-proof roof over our heads are the priorities.

When there is not enough money to pay bills, there is no need to mention on worries about money shrinking due to inflation.

Simple as that.

1) pigscanfly

not only WP, but every citizen should be concerned about these issues. all these events are happening are happening at our doorsteps.

2) WTF are they doing with our money?

there is no transparency. our people are more educated now, and the govt have already realised that they couldn’t manage their people like their past, with their iron-fist policies and keeping scandals from the ignorant general public. but due to their party dominance in the parliament and having the elitist mentality, many continue to be arrogant. if they continue to have this mentality, they will never keep in touch with the common man in the street.

62) worriedsingaporean

from a speech given by Low in parliament, i can see that he is not a very good public speaker. and with the onset of stroke of Chiam, his health is a concern. with 2 opposition members and a NMP in the parliament, their voices are small. though small, i would agree that they should speak up for our rights. but i wonder if it would be effective.

69) Sylvester Lim

it’s very difficult to get people to join the opposition camps, not to say committed opposition with a vision to serve its people, who has the intellect to come up with policies that serve the good of the society. and with stringent regulations set by the authority, the oppositions will fight a tough battle to in the elections. walkovers are expected.

74) gemami

“For some, you need to get them involve to discuss politics. People have to be interested in their own welfare. Talk nothing else but politics.”

instead of purely talking politics, create awareness of policies set by the govt and explain to them how they will be affected. but that’s still not enough to get them involved, as many still have the mentality that nothing will be done by the govt even if they have alternative views. there’s a need to find ways to empower them. but sadly, it’s easier said than done.

76) Gilbert Goh Keow Wah

“We have over rely on our opposition to do their part too much and remember that as citizens we have to do our part also. For too long, we are too apathetic and bochap for our own good.”

you have got what i want to say.

last point for the article: i question the expertise of the members in the TC in investing. our govt has locked our money in cpf so that we have an income source after retirement. but this money is managed by people who have the expertise. there’s a subtle implication that the general public do not know how to manage our money though.

TC has collected more S&C than needed for the sinking fund, so that they can tap into this fund when there’s a need. when the govt relax the regulation to allow TC manage their fund and open their fund for investment, have they considered the point that people in the TC might not even know the basic of investing?

When cpf relaxed its regulation for our people to invest part of their cpf money, if our people lose money in investment, we have ourselves to blame. When govt relax regulation for TC fund, if TC lose money in investment, who will be answering to the losses?

If possible, try to read some foreign presses like New York Times, The Daily Telegraph – all free online.

I reaslied that the typical Singaporeans are all living in a very myobic tiny island all couped up trying to make a living so that they can clear their bills. Sometimes I felt sad for my country. Is this first world country standard.

Though we have the Durian Esplanade, frankly ask yourself, how many times did you actually venture in and see a play or performance? For me nil return as the ticket is beyond me though I love stage plays like Mamma Mia, Beauty and the beast, etc. Most of the patrons are sadly foreigners.

I went to Holland V and was shocked to see so many Ang mohs there having a good time with our SPG girls. At River Walk, the same thing happened – a throng of western restaurants filled up by foreigners. I felt so foreign in my own country and was sad. Is this my country?