Asked to be slapped by the Holee father?
On Apr 25, 7:32=A0am, pg <pen...@[EMAIL PROTECTED]
> wrote:
> They need to cry father cry mother because they can't do anything
> else.
>
> Please try to understand that.
>
> On Apr 24, 9:18 am, yansimon52 <yansimo...@[EMAIL PROTECTED]
> wrote:
>
>
>
> > On Apr 25, 12:01 am, Tah Hwoh Chi <internetkeybo...@[EMAIL PROTECTED]
> wrote:
>
> > > On Apr 24, 5:04 pm, fifo...@[EMAIL PROTECTED]
wrote:
>
> > > > Uniquely Singa****e
>
> > > > Public Accountability
>
> > > > Leong Sze Hian
>
> > > > In all the Parliamentary Debates, Singa****eans have never been
told
> > > > what the amount of our reserves is, by way of the Government
> > > > Investment Cor****ation (GIC) and Temasek=92s assets.
>
> > > > In the ChannelNewsAsia re****t,
>
> > > > =93Young NTUC members ask wide range of questions at forum=94 (15
Ma=
rch
> > > > 2008), it states that :
>
> > > > =93The audience also got the answer to perhaps one of the biggest
mo=
ney
> > > > question of them all.
>
> > > > Mrs Lim (Hwee Hua, Minister of State for Finance) said: =93You
asked=
how
> > > > much reserves we have. I=92m sorry =96 I am not able to give you
tha=
t
> > > > answer. There are many, many people who are interested in how much
w=
e
> > > > have. It has nothing to do with not wanting Singa****eans to know.
It=
=92s
> > > > only if we go public with you, a lot of other people will know.=94
>
> > > > What harm can there be to disclose this information to
Singa****eans?=
> > > > Wouldn=92t it cause greater harm to Singa****e=92s reputation and
sta=
nding
> > > > by not disclosing?
>
> > > > Perhaps one possible reason I can think of may be that if we know
th=
e
> > > > total assets, then it may have to continue to be disclosed every
yea=
r.
> > > > Then, we may be able to track the ups and downs of our investments
a=
nd
> > > > assets.
>
> > > > Are Budget surpluses and CPF added to the funds of GIC or Temasek?
> > > > This is perhaps reminiscent of our late President Ong teng
Cheong=92=
s
> > > > remarks, that when he asked for a listing of the nation=92s
assets, =
he
> > > > was told it would take 54 man-years.
>
> > > > The Bloomberg News re****t (Mar 21),=93Temasek Says It=92s Not
Affect=
ed by
> > > > Paulson Pact on Wealth Funds=94, states that =93An agreement by
gove=
rnment-
> > > > run funds of Abu Dhabi and Singa****e to increase transparency
won=92=
t
> > > > shed more light on Temasek Holdings Pte=92s $118 billion
****tfolio,
> > > > because the company said it already meets disclosure guidelines.
>
> > > > U.S. Treasury Secretary Henry Paulson said recently that funds,
> > > > including the Government of Singa****e Investment Corp, agreed to
ado=
pt
> > > > rules for greater disclosure. Temasek, owned by Singa****e=92s
financ=
e
> > > > ministry, said it already provides more information than
government-=
> > > > run funds.
>
> > > > =93Temasek is not a sovereign wealth fund,=94 spokesman Mark Lee
sai=
d by
> > > > telephone today=85. Temasek has to sell assets to raise cash for
new=
> > > > investments and doesn=92t require the government to give
approvals.=
=94
>
> > > > =93Temasek discloses a lot more than GIC and always has a strong
sen=
se
> > > > of cor****ate governance,=94 Lee said. Paulson=92s statement
=93will =
not have
> > > > any impact,=94 he said.
>
> > > > The company seeks approval from a board consisting of independent
> > > > directors and a representative from the Ministry of Finance, its
onl=
y
> > > > shareholder, Lee said.
>
> > > > Temasek in 2006 headed an investor group that bought almost all of
t=
he
> > > > stock in a Thai telecommunications company from the family of
then-
> > > > Prime Minister Thaksin ****nawatra, triggering a chain of events
that=
> > > > led to the Thai premier=92s ouster in a coup.
>
> > > > The company also faces opposition in neighboring Indonesia, where
th=
e
> > > > antitrust regulator has accused it of using stakes in the
nation=92s=
two
> > > > biggest mobile-phone companies to fix prices.
>
> > > > =93Temasek is ultimately controlled by the government and it is
not =
a
> > > > private organization,=94 said Cohen of Action Economics.
=93Temasek =
has
> > > > many similarities to GIC.=94 (Bloomberg)
>
> > > > So, =93Temasek is not a sovereign wealth fund=94? A sovereign
wealth=
fund
> > > > is accountable to the citizens of it=92s country =96 is it or
isn=92=
t it?
>
> > > > Why is it that there is so much information in Singa****e that is
> > > > secret?
>
> > > > I attended the Human Rights and Trade programme conducted by UNSW
in=
> > > > March/April 2008, and stumbled upon another =93secret=94.
>
> > > > Secret settlement - If all money recovered, why so secret?
>
> > > > I refer to the editorial =93Singa****e=92s great civil servants=94
(B=
T, Dec
> > > > 12), the articles =93UNSW agrees to repay $32.3m=94 (ST, Dec 12),
> > > > =93Australian varsity agrees to settlement=94 (BT, Dec 12), and
medi=
a
> > > > re****ts about the settlement.
>
> > > > The EDB would not reveal the total amount or the repayment period.
A=
n
> > > > EDB spokesman said, =93We are bound by the terms of the agreement
wh=
ich
> > > > are confidential=94.
>
> > > > As it involves about $32 million of loans and grants, which are
> > > > taxpayers=92 money, shouldn=92t there be more disclosure and
transpa=
rency,
> > > > since the question had been raised in Parliament ?
>
> > > > Since it has been re****ted that the media =93understands that UNSW
h=
as
> > > > agreed to repay the full $32.3 million worth of grants and
loans=94,=
why
> > > > does EDB still maintain that =93the terms of the agreement are
> > > > confidential=94 ?
>
> > > > Isn=92t EDB contradicting itself by saying that it would not
reveal =
the
> > > > total amount or the repayment period, but yet the media
=93understan=
ds
> > > > that UNSW has agreed to repay the full $32.3 million worth of
grants=
> > > > and loans=94 ?
>
> > > > As UNSW officials also declined to comment, how did the media
obtain=
> > > > its understanding that UNSW has agreed to repay the full $32.3
> > > > million ?
>
> > > > What about the $30 million to remove steel and concrete pilings
> > > > already driven into the university campus site, which earlier
media
> > > > re****ts had said that the university would have to pay ?
>
> > > > In line with the Government Investment Cor****ation=92s (GIC)
stateme=
nt
> > > > on 10 December, 2008, in conjunction with its $14 billion stake in
> > > > UBS, that going forward, it would set an example for others to
follo=
w,
> > > > in providing more disclosure and transparency, government agencies
> > > > should also do the same.
>
> > > > Are not government agencies accountable to Parliament and
> > > > Singa****eans, instead of saying that the terms of any agreements
are=
> > > > confidential ?
>
> > > > Surely, the least that Singa****eans can expect of our world class
> > > > civil service, is to be told how many cents out of every dollar in
> > > > total, will be recovered, and how long it will take!
>
> > > If not for his former good ties with the Lees, the late ex-President
> > > Ong Teng Cheong would be sacked immediately for asking questions on
> > > how Singa****e's Sovereign Funds are being used or invested. These
are
> > > forbidden questions. Thou shalt not ask. Singa****e's Sovereign Funds
> > > are Familee run and and private. Any monies collected through taxes
or=
> > > otherwise and when it goes right into it is something like being
> > > sucked into a [black hole]. The Familee is not accountable on how
they=
> > > want to use it. Just like the former late President of Philippines;
> > > Ferdinand Marcos and his families had done that before.
>
> > Alamak you rubbish ppl everyday 'cow pay cow bo' on those billion $
> > reserve.......OK lar.........let's split.......you rubbish take back
> > the Sg's reserve of 140 billion and the rest should belong to the
> > Familee....like ppl part company what?........how about that?...can or
> > cannot?- Hide quoted text -
>
> - Show quoted text -
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