On Apr 25, 7:32 am, pg <pen...@[EMAIL PROTECTED]
> wrote:
> They need to cry father cry mother because they can't do anything
> else.
Alamak all those 'extra Billion should go to the familee becos of
their years of hard work lor
No doubt you rubbish ppl, all these yrs of nation building from their
resilence, patient and disciplines thus collectively helping to make
what Sg is today doesn't play a part at all.
It is definitely from our old man who singlehandly chase aw y those
communist insurgent if not, Sg would be a communist state by now and
all you rubbish probably eating tapioca everyday leh.
>
> 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?
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