Home » Posts tagged with "town council"
Posts tagged with "town council"
Two staff member of Northwest CDC received 8 months bonus?
Mar. 15 | “I want to clarify that the mayors do not decide on the salaries, the increments, the bonuses of all our staff at the CDC. “The mayors are political appointment holders. We chair the CDC to spearhead the CDC, to build a social safety net...
Bukit Merah Town Council’s negligence caused girl, 7, to fall through railings?
Mar. 9 | Excerpt from Today (9 March 2009): At the time of the mishap, a picnic mat had been hung to air over the gap in the railing. Siti had been playing nearby. “I think she was crawling behind it, and then suddenly we saw the mat move and then we realised...
Dr Teo Ho Pin’s second letter to Straits Times
Dec. 5 | Dr Teo Ho Pin, Coordinating Chairman for PAP Town Councils, has written for the second time to the press on town councils’ investments. Below is his latest, a letter to the ST forum page , “Investment types, returns open to public” (excerpted)....
Town council investments: Annual reports do not answer questions
Dec. 2 | Guest contributor When Minister for National Development, Mr Mah Bow Tan, publicly said that “each town council has the duty to explain to its residents how it invests its funds, what is its philosophy, what are the risks it takes’, (Sunday Times,...
Letter to TOC (Dec 1)
Nov. 30 | The following letters were either rejected or are still not published by the Straits Times, except the third one which is to TOC. Just a note: In future, blog postings or blog articles will no longer be considered as a letter to TOC. Also, letters to...
Town councils’ funds – Teo Ho Pin responds
Nov. 27 | TOC Note: 14 of our readers have sent emails, since Tuesday, to query their town councils on their investments. None of the town councils have replied so far. We’d like to urge more of our readers to do the same. Please click here to copy and paste...
Jurong GRC resident takes up minister’s invitation
Nov. 25 | The following letter was sent through email to the Jurong GRC Town Council on 20 Novermber 2008 by TOC writer Lim Chih Yang. The town council has yet to reply. Dear Sir/Madam, I refer to the article on Today (dated: 17 November 2008). As I understand...
Accounting for town councils’ investments – do your part
Nov. 25 | I am doing this not for TOC, not for my cat or fish but for Myself! Yes, I owe it to myself. – Comment posted on TOC. (See below) Last week, TOC published an editorial entitled: Our money, our right to know. This highlighted the inadequate response...
“A small exposure”
Nov. 21 | One of the town council fund managers, Lion Global Investors, has informed us it has a small exposure to Lehman Brothers bonds. It invested $250,000 in the bonds. This amount accounts for only 0.14 per cent of the town council’s total sinking funds. Simon...
Letter to TOC – An unhealthy speculative practice
Nov. 19 | The following is a letter to TOC from Mr Gilbert Goh. I refer to the recent debacle regarding our town councils’ foray into risky investments. The troubling news nevertheless throw up more queries that need some good answers: Why allow town councils...
Be thankful we lost your money!
Nov. 19 | They (residents) should thank the Town Council for working hard to come up with a diversified portfolio to generate income so that residents do not have to fork out more money. Teo Ho Pin, Chairman, Holland-Bukit Panjang GRC The Town Councils did not...
