Quantcast
Channel: The Real Singapore - Editorials
Viewing all 2817 articles
Browse latest View live

HDB Launches 3,995 New Flats in First BTO Exercise for 2015

$
0
0

The Housing Development Board has just launched 3,995 new flats for sale for the February 2015 BTO exercise, the first one this year.

The towns where the new BTO flats are located include Bukit Batok, Hougang, and Geylang.

This year, there are supposed to be 16,900 new flats available, fewer than the number released in the previous three years as the government says that they have met the demand for housing.

The prices of the flats depend on their size and location with the cheapest flats being available from $73,000 before grants for a 2 room flat in Hougang.

The most expensive in this BTO exercise is a 4 room flat in Geylang from $403,000.

A variety of special flats are also available including 3-generation flats in Bukit Batok and Studio apartments in Geylang. 

Below is a full table of the various prices and available locations:

Tags: 
Wrap Text field: 

Buyers planning to take out a HDB housing loan to purchase their flat will be required to produce a HDB Loan Eligibility (HLE) letter when booking a flat. 

This is a slight change from the previous rules where the HLE only needed to be produced at the time of signing the Agreement for Lease, generally 4 months after booking a flat.

First-time applicants will continue to receive priority with 85% of 4 room and 5 room flats as well as 70% of 2 to 3 room flats being set aside for first timers. 

HDB is also setting aside up to 15% of studio apartments, 2 room and 3 room flats in these BTO projects for parents of young couples who wish to move into the same estate, 

Housing grants of up to $60,000 will also be given to eligible first timer applicants including the CPF housing grant of $40,000 and the Special CPF Housing Grant of up to $20,000.

 

MINDEF Issues Response to Inventor's Refusal to Stop Making "False Allegations"

$
0
0

The Ministry of Defence issued another response following Dr Ting's refusal to stop posting what it says is "false statements" about a mobile medical station which Dr Ting formerly held a patent for.

Dr Ting was issued a legal letter from MINDEF demanding that he cease and desist posting false statements accusing them of having stolen his idea. 

However, yesterday, Dr Ting's lawyers explained that he would not abide by the demands arguing that the protection from harassment act, which MINDEF threatened to use to stop Dr Ting from continuing to make accusations against them, was not meant to be used to protect ministries.

His lawyers highlighted that ministries are large bodies with many resources and access to public channels to issue clarifications. 

In a statement, Mindef said that it takes these allegations "very seriously" and has referred the matter to the AGC.

Tags: 
Wrap Text field: 
"When false allegations are made that impinge on our integrity, they can dent public confidence in Mindef and the Government. Mindef takes these allegations very seriously and has provided opportunities for the false allegations to be corrected, but without success," it said.
 
 

Study: More Accidents Occuring due to Pedestrians Text-Walking

$
0
0

According to a survey conducted by students from the Nanyang Technological University (NTU), there are more and more accidents happening because of distracted pedestrians using their handphones while walking.

The issue of mobile phone use while driving was raised as a concern and new traffic laws were introduced to make it illegal to even hold a hand-held device while driving.

The study took responded form 419 youths aged between 17 to 25 and found that these youths reported a total of 598 accidents in the past year alone due to distracted walking.

The accidents ranged from minor incidents such as tripping over, colliding with other pedestrians and even more serious accidents including road traffic accidents.

84% of those surveyed said that they understand the risks of distracted walking but 93% of those said that they would continue to use their handphones while walking anyway.

55% of the respondents said that they were confident in their ability to muti-task and be able to use their handphones without getting into accidents.

Tags: 
Wrap Text field: 

This is despite 43% of those surveyed saying that they had gotten into an accident at least once in the past year. 

The survey was part of a wider campaign called "Look up, Look out" which is started by a group of final year students from the Wee Kim Wee School of Communication and Information. The campagin is also supported by NTUC Income and it seeks to teach the public about the dangers of distracted walking. 

“We always hear our friends’ accounts of bumping into other people or having close calls with cars, but these are never recorded. In Singapore, it seems to be a rising trend with everyone burying their heads in their smartphones while walking,” said Sydney Alexandria Teng, one of the students involved in the campaign.

Usually the biggest distraction is text messaging which is the activity engaged in by youths which accounted for 39% of all accidents. 

 

AGC: Commenting about the Thaipusam Incident Case could be Contempt of Court

$
0
0

The Attorney-General’s Chambers has issued a reminder to the public to refrain from commenting on the ongoing case of the three men arrested at the Thaipusam procession.

They explained that several comments have already been made online and they reminded the public that certain comments may be considered contempt of court if they are calculated to try and affect the ongoing proceedings.

“If the statements are calculated to affect the judicial process and there is a real risk of prejudice being caused to the ongoing proceedings… it could be sub judice contempt of court’ explained the AGC.

"All parties are advised to refrain from making any public comments, or posting any statements on the Internet on these matters which may have that effect, pending final determination of the legal proceedings by the Courts," the statement said.

The AGC also explained that they take a serious view of comments made to interfere with the case. They said that if anyone has information about the incident, they should give it to the Police.

Tags: 
Wrap Text field: 

Three men, Ramachandra Chandramohan, 32, Jaya Kumar Krishnasamy, 28 and Gunasegaran Rajendran, 33 have been formally charged in court with various offences for the incident which occurred during the Thaipusam Procession which was also caught on video and shared widely online.

 

Related:

Police Statement on Thaipusam Incident: 3 People Arrested

S Iswaran: Please Don't Overreact about the Thaipusam Incident

Woman Pulled Down During Thaipusam Incident Lodges Complaint against Police

 

IPS Study: Anonymity Online Not Correlated with Irrational Arguments

$
0
0

According to an Institute of Policy Studies survey, online discussions in Singapore do not follow the trend where greater anonymity means a loss of rational thought and civilized discussion.

In fact, the IPS study even found that blogs that were more political tended to be more objective.

This goes against the common belief that the more political a blog post is, the more emotional and irrational it becomes.

Dr Carol Soon, a Research Fellow at IPS who co-authored the study commented that this trend was a bit counter-intuitive as most people believe anonymity and more partisan political discussions are linked with a degeneration of rational thoughts.

The study looked at various correlations in online content by looking at factors such as blog type, identity, objectivity, emotionality and partisanship.

In terms of how political views are discussed, blog post which ranked ‘high’ on political content tended to be those which were written from an anti-government or anti-opposition perspective.

In contrast, blogs which took the position of pro-government or pro-opposition perspectives tended to rank low on the level of “political content”.

This seems to indicate that those with negative views of either the government or opposition tend to engage more actively in political discussions and commentaries.

Tags: 
Wrap Text field: 

Anonymity

When considering the impact of anonymity on the objectivity, partisanship, and emotion of a blog, the IPS study found that there was no significant correlation.

Dr Soon explained that most people assume that those who blog anonymously tend to be less objective. However, the results of this survey found this to be untrue and there was an equal level of irrational and subjective writing seen in blogs where the identity of the blogger was known.

Similarly, no correlation was found between the emotionality and partisanship of a blog. In other words, opposition supporters were not any more emotional than PAP supporters and vice versa.

The IPS study looked at a total of 197 blogs and over 1000 posts written by those blogs to rank them in terms of their emotional level, partisanship, and political content.

Only 6.7% of all the blogs were given an index score of 5 indicating frequent use of expletives and highly emotional content. 20.5% of the blogs were ranked as 1, indicating that they were very calm and objective.

Despite the interesting findings, Professor Tan Tarn How, a senior research Fellow at IPS explained that there were also shortfalls in the study itself as it took a very small sample size for the trends it was trying to test.

Professor Tan also noted that the time period for the study was also very short as it was only conducted between June and July 2014.

 

Balancing demands from various groups of CPF Members

$
0
0

DollarsAndSense.sg weighs in with our views on why the CPF Review Panel has one of the most unenviable tasks in Singapore.

Here is the one thing that the CPF Review Panel would have realized by now. They are part of a review process that will never attain public approval regardless of what they recommend.

Here is why.

The different expectations of everyone

Most countries’ pension schemes are usually catered for the masses. That includes the poor, the elderly and the underprivileged. For countries with welfare systems, the debate is usually on who should qualify for it, and how much they deserve to be given.

In Singapore, our problems are a lot more different. First and foremost, we do not have any notable welfare system in place. Secondly, the CPF system works in such a way where your pension fund is built up only when you are working, earning and contributing to it. It might be a mandatory scheme, but that does not mean everyone gets to enjoy it. For example, people with disabilities, special needs, homemakers, or those who just can’t get gainfully employment fall through the cracks in this system.

Even among those who are gainfully employed, there are various wages earned. That means everyone is contributing a different amount from one another. In most developed countries, this is sidestepped simply by putting in place a tax rate that could easily shave off up to 20% of your salary, even if you are earning minimum wages. That tax rate is of course used to offset unemployment benefits paid.

So rather than have people with different contributions, and hence different pension account, these other governments simply pool everything they collect from those who are employed, and determine how much should go to those who are unemployed.

The Singapore Case

By now, you would have know that Singapore operates within a very different system. That system is even more complex as different people have different contribution amounts and thus, different expectations for how they should be allowed to use their money.

One of the proposal from the CPF review panel is that more options should be given to CPF members. Two ideas being mooted was that a certain percentage, example 20%, should be allowed for members for withdrawal upon reaching the age of 55 even if they have not reached the minimum sum. Another idea was that those who wanted to top up the minimum sum in return for higher monthly payout should be allowed to do so.

How will more options help Singaporean?

One thing we should note here is that it is extremely easy for the government to simply introduce more options into CPF and please everyone in Singapore. For example, some have asked for full withdrawal of their CPF monies. Others may prefer only partial withdrawal.

Should the government ask for the reason and logic when people demand to withdraw their CPF monies? Should the government be allowed to think for the betterment of its citizens in this aspect? Netizens will say “no”. They believe everyone should have the right to use their money as they will, even if it’s just to blow it all playing jackpots at RWS.

Tags: 
Wrap Text field: 

Of course, there are many Singaporeans who will use their money prudently. Examples would include paying down debt and maybe doing some investing, though we hope the definiton of “investing” does not equate into putting money into some type of asset that gives guaranteed monthly dividends of 2%, as that would defeat the purpose of withdrawing from their CPF accounts.

With all due respect to the older folks and the experience they have accumulated, we also hope that no one will decide to take their first plunge into the stock market and invest half his/her life savings upon retirement after reading a few smart books on investing theories and sure-win ways in the library. We don’t want to burst your bubble, but they rarely work and you’d more likely find yourself losing a sizeable portion of your money.

Education Before Options

Basically what we are advocating is for there to be more options that will suit all groups of people, but CPF members must then be able to understand the various schemes and the implications of withdrawing earlier, or even topping up. As it is, it appears that Singaporeans, ourselves included, are already having a difficult time understanding CPF (no thanks to the frequency of changes being made). There is no point having 100 different options for CPF members to consider, only for them to not understand the implications of each, and to end up unwisely choosing a plan where they are worse off than before.

To conclude, we think education and flexibility should go hand in hand to achieve the best results. CPF members must be willing to educate themselves about their money, and the government must be able to find a policy that should work consistently and not have to tweak it every other year. Only then would a range of options will work, and CPF members will be better off.

Timothy Ho

DollarsAndSense.sg is a website that aims to provide interesting, bite-sized financial articles which is relevant to the average Singaporean.

 

90% of S'poreans have Access to a Smartphone, the Highest in the World

$
0
0

According to a survey by Deloitte's Global Technology, Singapore is the country with the highest smartphone penetration rate in the world.

The survey found that 9 out of 10 respondents had access to a smartphone and compared to other South-East Asian nations, Singaporeans used their phones for instant messaging the most.

The survey also found differences in the way females and males use their handphones with 79% of females saying they used instant messaging on their handphones in the past week while only 73% of males here said the same.

The study took responses from over 37,000 respondents from 22 different locations and found that the most active users of instant messaging in Singapore were users between 25 and 34 years old.

Singaporeans are also using instant messaging apps much more than traditional SMSs as there has been 8% drop in SMS usage over the last year.

In the region, the study also found that generally, people used their smartphones more for social media than they did for email but in Singapore the opposite was true. 

Tags: 
Wrap Text field: 

It seems that Singaporeans have less time for play and need to spend more time attending to important emails such as those related to work.

Similarly, fewer people in Singapore said that they had played games with only 55% saying that they used their smartphone for games in the last week. In comparison, 73% of respondents in Indonesia said that they had used their smartphone for games in the last week. 

Data Networks 

When asked about whether respondents had swapped Telcos and why they did so, the top reason for swapping was data network reliability. 

In Singapore, respondents also complained about a worsening quality of the 4G network with 30% fewer people saying that 4G was faster than 3G.

In theory, 4G is supposed to be able to deliver speeds 10 times faster than 3G networks.

 

Shanmugam Bows to Public Pressure, says will look at allowing Instruments at Thaipusam

$
0
0

Finally after over a week a complaints and many discussions about the Thaipusam Procession in Singapore and the apparent discrimination that our Hindu brothers and sisters face, Shamugam appears to have bowed to the pressure and has said that the government should look at ways to make Thaipusam better.

During an interview on Ethiroli, a Tamil Current Affairs program, Shanmugam, who is also the Minister for Law, talked about many issues including questions about Thaipusam as a public holiday, the ban on instruments and the fact that foot processions are banned.

He hinted that it may be time to change the rules as he said that "We should find out the wishes of the people. The Hindu Endowments Board will see how we can fulfill their wishes. They have to consult the people and see how to proceed."

However, there is skepticism about how well the Hindu Endowment Board (HEB) will look after the interests of local Indian as it has failed to do so up until now.

Tags: 
Wrap Text field: 

Talking about foot processions in general, Mr Shanmugam noted that foot processions have been banned since 1964 because of riots but only Hindus are allowed. He said that many other religious groups have applied but had their applications rejected. 

He said that because of this privilege, it is "fair" for people to expect the Hindus to be orderly. 

Talking about the musical instrument ban, he said that the ban itself was imposed in 1973 and the reason that there may have been music played "several years ago" is because the authorities may not have been enforcing the rule strictly.

He said that there has been a gradual relaxation of the restrictions over the years and they would be looking into it. 

Overall, however Shanmugam defended the restrictions saying that because Singapore was multi-racial, there had to be some restrictions and he pointed out that the restrictions were all reactionary based on incidents which did happen in the past.

He explained that the process for change should be consultations with the people through the HEB and approval from police.

 

Old Tanjong Pagar Railway Station to Open During Public Holidays

$
0
0

Property Guru

The former Tanjong Pagar Railway Station will be accessible on public holidays, starting 20 February 2015.

In a statement, the Singapore Land Authority (SLA) said, by opening up the former Tanjong Pagar Railway Station to the public on public holidays, we hope that more people will use the opportunity to visit the historical monument for strolls, take photos or to partake in its history.

In August 2014, the government called for an Expression of Interest to study the feasibility to house food stalls serving local fare at the historic building as part of its interim use. However, there was insufficient interest to proceed with the tender.

Nevertheless, the state property has been a popular venue for private events, such as carnivals, pop-up restaurants, high-end fashion shows and product launches.

Tags: 
Wrap Text field: 

Individuals and organisations have held events at the national monument by applying for a Non-renewable Temporary Occupation Licence from SLA.

SLA will continue to explore other ways to open the former Tanjong Pagar Railway Station for events and activities so that more Singaporeans will get to enjoy its history and charm, the statutory board said.

The public can visit the former Tanjong Pagar Railway Station on 20 February from 9am to 6pm.

 
Senior Journalist at PropertyGuru
 

MND: About half of all Single BTO Applicants have Successfully Gotten a Flat

$
0
0

Speaking in Parliament in response to a question on the singles BTO scheme, Minister of State for National Development Minister, Maliki Osman, explained that about half of all the Singles who applied for 2-room BTO flats under the new scheme have been successful applicants.

He explained that about 18,300 people had applied and 9,000 were allowed to select a flat.

The other 9,300 have not been able to get a BTO flat through the singles scheme. Mr Maliki explained that these individuals may try again later or they may have found other housing options.

He also noted that the application rate for 2-room BTO flats from Singles also fell from Jul 2013 when the scheme was introduced to Nov 2014. 

Tags: 
Wrap Text field: 

In July of 2013, there was an over application rate of about 58 applicants per available flat. By November, it was only 13 applicants per flat. 

Dr Maliki said that they did not have waiting time statistics on these individuals yet because there are many factors which go into wait times including buyers' preferences. 

He noted that his ministry is continuing to work on speeding up the process for singles applying for BTO flats.

 

MINDEF Officially Files Court Application for Protection from Harassment

$
0
0

The Attorney-General's Chambers has officially filed an application to take out a protection from harassment order against Inventor Dr Ting and socio-political website The Online Citizen.

In a legal letter, published on TOC, the AGC had noted that MINDEF has applied for an order under the new Protection from Harassment Act to stop Dr Ting and TOC from continuing to publish "false allegations" against it in regard to the invention for the mobile medical station which they allegedly "stole" from Dr Ting.

If the application is successful, they will be unable to continue publishing or making false statements about the case and may be fined up or jailed if they breach this order.

TOC explained that this is a concerning development as the Ministry of Defence is a powerful entity with many public avenues to clarify its position. 

Tags: 
Wrap Text field: 

If Ministries are allowed to take out protection from harassment orders, this may set a precedence for other powerful companies to do the same to try and stop people from spreading bad news about them.

It is understood that Dr Ting and his lawyers are going to be fighting the application. 

 

Reporters without Borders Press Freedom Index: S'pore Falls to Record Low 153/180

$
0
0

Media freedom suffered a "drastic decline" worldwide last year in part because of extremist groups such as the Islamic State in Iraq and Syria (ISIS) and Boko Haram, the watchdog group Reporters Without Borders said in its annual evaluation released on Thursday, which ranked Singapore at No. 153, a drop of three places from last year's ranking of 150.

The ranking of 153 is the lowest-ever ranking the Republic has been given. The position is out of a total of 180 countries and territories.

"There has been an overall deterioration linked to very different factors, with information wars, and action by non-state groups acting like news despots," the head of the Paris-based group, Mr Christophe Deloire, told AFP.

The Reporters Without Borders 2015 World Press Freedom Index stated that there were 3,719 violations of freedom of information in 180 countries in 2014 - 8 per cent more than a year earlier.

All parties in conflicts raging in the Middle East and Ukraine were waging "a fearsome information war" where media personnel were directly targeted to be killed, captured or pressured to relay propaganda, it said.

ISIS, Boko Haram in northern Nigeria and Cameroon, and criminal organisations in Italy and Latin America all used "fear and reprisals to silence journalists and bloggers who dare to investigate or refuse to act as their mouthpieces", said the watchdog, known by its French initials RSF.

North Africa and the Middle East contained notable "black holes" in which "entire regions are controlled by non-state groups in which independent information simply does not exist", the group said.

"The criminalisation of blasphemy endangers freedom of information in around half of the world's countries," the report said, noting that religious extremists sometimes also go after journalists or bloggers they believe do not sufficiently respect their god or prophet.

Tags: 
Wrap Text field: 

RSF's ranking put Iran, China, Syria and North Korea among the countries with the very worst levels of press freedom out of the 180 evaluated.

Repression of journalists in Ukraine during its early-2014 uprising against its pro-Kremlin president, and in Turkey during anti-government demonstrations earned both spots in the bottom quarter of the table.

"Police misconduct" during the Occupy Central protests in Hong Kong earned that territory a slide to 70th position.

The best-rated nations were northern European states such as Finland, Norway, Denmark, the Netherlands and Sweden, with New Zealand, Canada and Jamaica also making the top 10.

The United States ranked 49, three spots lower than in the previous report, in part because of what RSF said was the US government's "war on information" against WikiLeaks and others.

In South America, Venezuela stood out with a 20-notch fall to a ranking of 137 due to the National Bolivarian Guard opening fire on clearly identified journalists during demonstrations.

Libya dropped 17 places to 154 because of the national chaos that has seen seven journalists murdered and 37 kidnapped.

Russia slipped to the 152nd spot after introducing "another string of draconian laws", website blocking and the extinction of independent media.

"Press freedom... is in retreat on all five continents," RSF declared, claiming its indicators were "incontestable".

Here is a ranking of 180 countries and territories evaluated by the RSF for press freedom in its latest annual report, from best to worst:

1. Finland

2. Norway

3. Denmark

4. Netherlands

5. Sweden

6. New Zealand

7. Austria

8. Canada

9. Jamaica

10. Estonia

11. Ireland

12. Germany

13. Czech Republic

14. Slovakia

15. Belgium

16. Costa Rica

17. Namibia

18. Poland

19. Luxembourg

20. Switzerland

21. Iceland

22. Ghana

23. Uruguay

24. Cyprus

25. Australia

26. Portugal

27. Liechtenstein

28. Latvia

29. Suriname

30. Belize

31. Lithuania

32. Andorra

33. Spain

34. United Kingdom

35. Slovenia

36. Cape Verde

37. Organization of Eastern Caribbean States

38. France

39. South Africa

40. Samoa

41. Trinidad and Tobago

42. Botswana

43. Chile

44. Tonga

45. El Salvador

46. Burkina Faso

47. Niger

48. Malta

49. United States

50. Comoros

51. Taiwan

52. Romania

53. Haiti

54. Mongolia

55. Mauritania

56. Papua New Guinea

57. Argentina

58. Croatia

59. Malawi

60. South Korea

61. Japan

62. Guyana

63. Dominican Republic

64. Madagascar

65. Hungary

66. Bosnia and Herzegovina

67. Serbia

68. Mauritius

69. Georgia

70. Hong Kong

71. Senegal

72. Moldova

73. Italy

74. Nicaragua

75. Tanzania

76. Northern Cyprus

77. Lesotho

78. Armenia

79. Sierra Leone

80. Togo

81. Guinea-Bissau

82. Albania

83. Panama

84. Benin

85. Mozambique

86. Ivory Coast

87. Kosovo

88. Kyrgyzstan

89. Liberia

90. Kuwait

91. Greece

92. Peru

93. Fiji

94. Bolivia

95. Gabon

96. Seychelles

97. Uganda

98. Lebanon

99. Brazil

100. Kenya

101. Israel

102. Guinea

103. East Timor

104. Bhutan

105. Nepal

106. Bulgaria

107. Republic of the Congo

108. Ecuador

109. Paraguay

110. Central African Republic

111. Nigeria

112. Maldives

113. Zambia

114. Montenegro

115. Qatar

116. Tajikistan

117. Macedonia

118. Mali

119. Algeria

120. United Arab Emirates

121. Brunei

122. Afghanistan

123. Angola

124. Guatemala

125. South Sudan

126. Tunisia

127. Oman

128. Colombia

129. Ukraine

130. Morocco

131. Zimbabwe

132. Honduras

133. Cameroon

134. Thailand

135. Chad

136. India

137. Venezuela

138. Indonesia

139. Cambodia

140. Palestinian Territories

141. Philippines

142. Ethiopia

143. Jordan

144. Myanmar

145. Burundi

146. Bangladesh

147. Malaysia

148. Mexico

149. Turkey

150. Democratic Republic of Congo

151. Gambia

152. Russia

153. Singapore

154. Libya

155. Swaziland

156. Iraq

157. Belarus

158. Egypt

159. Pakistan

160. Kazakhstan

161. Rwanda

162. Azerbaijan

163. Bahrain

164. Saudi Arabia

165. Sri Lanka

166. Uzbekistan

167. Equatorial Guinea

168. Yemen

169. Cuba

170. Djibouti

171. Laos

172. Somalia

173. Iran

174. Sudan

175. Vietnam

176. China

177. Syria

178. Turkmenistan

179. North Korea

180. Eritrea

(Source: Reporters Without Borders 2015 World Press Freedom Index)

Source: AFP

 

Law Society: M Ravi's Suspension has Nothing to do with his Desire to run in Next GE

$
0
0

The Law Society has defended its action to suspend Lawyer M Ravi from practicing law explaining that it was not motivated by any political reasons following his announcement that he wishes to run for the next general election.

They pointed to advice from his psychiatrist who said that he was unwell for practice last week.

The Law Society explained that his psychiatrist had noted that he had a risk of making errors in judgment, erratic or abnormal behaviour and emotional outbursts. 

They explained that they have already ordered him to stop practice immediately. They said that his psychiatrist had recommended that eh be hospitalised for observation and M Ravi was given 2 days of medical leave. 

Despite this, the law society explained, M Ravi still went to court and handled active cases.

Tags: 
Wrap Text field: 

“The Council consequently developed serious concerns as regards Mr Ravi’s mental condition and fitness to practise,” the statement said. “The Council has a statutory duty to ensure that all persons registered with the Law Society as practising lawyers are not impaired by any physical or mental condition which may affect their fitness to practise as advocates and solicitors. This is a duty which the Law Society owes to the profession and to the public as a whole.... At the same time, the Council has a duty to assist its members where and to the extent possible,” it added.

The clarification comes out after M Ravi was seen in a video visiting the law society's office and making a scene about his suspension.

The law society said that they are aware of the video but are unable to comment due to ongoing investigations.
It is understood that M Ravi wishes to challenge the law society's suspension order.

 

DBS Announces a $1000 Hongbao for 18,000 of their Employees this Year

$
0
0

DBS Group Holdings is marking SG50 with a $1,000 hongbao for each one of their 18,000 employees.

The bonus will cost the bank $18 Million but the Bank also explained that it was a special gift for SG50 and also a present to mark their bank's milestone of reaching over $50 Billion in Market Capitalisation.

The bank also posted a full-year profit of $4.05 Billion , a record amount and a 10% growth from the year before.

Over 10,000 staff in Singapore will receive the bonus and it will be for all bank staff ranked Vice-president and below. 

The bank employs a total of 21,000 people. 

 

Tags: 

Government to Withhold $7 Million of AHPETC's Grants

$
0
0

The Auditor-General's Report into the accounts of the Aljunied Hougang, Pungol East Town Council is being debated in Parliament and the PAP ministers are sparing no effort to hound the Workers' Party for their mismanagement of the town council.

The motion was brought forward by National Development Minister Khaw Boon Wan who said that WP's financial and accounting system was lacking in record-keeping, safeguards.

He also noted that until AHPETC "cleans up its mess," the Government will also withhold from it an annual service and conservancy charges (S&CC) grant of several millions that MND gives to every town council.

For AHPETC, this amounts to about $7 million each year.

Mr Khaw highlighted findings on the deficiencies in AHPETC's financial and accounting systems, record-keeping and safeguards, as well as the uncertain accuracy and reliability on the Workers' Party-run town council's accounts.

The AGO's report is a "sad commentary" on the state of affairs at the AHPETC, said Mr Khaw.

Workers Party also supported the motion with Low Thia Khiang saying that it would be a good opportunity to address the misconception that the Managing Agent was given a contract without a tender.

Tags: 
Wrap Text field: 

WP Chairman Sylvia Lim also said that the town council has already made key improvements in their systems and checks since the audit started and she also shared how there were many challenges that her town council faced at the start.

Ms Lim said that FMSS was only appointed as a transitional Managing Agent following the General Election in 2011, but when open tenders were called for a Managing Agent in 2012, only FMSS tendered. Still,

AHPETC has various structures in place to oversee the work of the Managing Agent, she said.

Law Minister K Shanmugam was the most fierce in his attack on the WP saying that their payment approval process was "unlawful".

In particular, Mr Shanmugam said that there had been no discussion of conflict of interest and there were many transactions were FMSS, he managing agent, was able ot issue invoices to AHPETC and have them paid all at the approval of 1 person who held a leadership position in both bodies.

He also highlighted that AHPETC had lost money while FMSS had made money and this was very concerning.

"The rhetoric from the WP is always about helping the poor man. The reality is that WP took money from the man in the street and gave it to (Managing Agent) FMSS." accused Shanmugam.

“Mr Low, Ms Lim keep saying that there was no loss. Maybe there was no one taking money through the back door in the dark of the night. There was no need because the money was taken from the front door in broad daylight. Through all this over-charging, $6.4 million over four years on this calculation. Over-charging on managing agents fees. Another $6.6 million taken out in just one year through an unlawful process. There might be an overlap in the two sums because parts of the $6.6 million would be for MA fees and there must have been much more.” he said.

 

 


Khaw: In the "Good Old Days" Leaders Committed Suicide over Mismanagement

$
0
0

During the debate on the AHPETC accounts and the issues raised by the Auditor General in their report, Khaw Boon Wan spoke about how something was very wrong with AHPETC.

Curiously, he referred to the "good old days" when Japanese leaders would commit suicide for mismanagement issues. 

Here are some extracts from his speech in Parliament: 

“The Auditor General’s findings confirm that something is very wrong at the AHPETC. They paint a picture of financial mismanagement, incompetence, and negligence in corporate governance. If an auditor makes such a finding on a listed company, it would immediately cause consternation among the shareholders and a call for the removal of the CEO and the board of directors."

“In Japan, the CEO and board of directors will call a press conference and take a deep bow, and in the good old days, they may even commit hara-kiri. Where there are breaches of the Companies Act, both the company as well as the individuals responsible will be charged, and if found guilty, punished with fines and/or jail terms for the individuals.

Tags: 
Wrap Text field: 

“Unfortunately, throughout this saga we have found the MPs running the AHPETC to be evasive, unresponsive and misleading. In response for legitimate queries from auditors, my MND officials and their own residents and the media, they stonewalled, deflected the queries, made false or dishonest claims, raised irrelevant excuses and sought to confuse the public in the flurry of red herrings.”

Is Khaw Boon Wan suggesting that we should go back to the days when leaders commit suicide for mismanagement?

What about all the instances of the current government involved in questionable transations?

Even Khaw Boon Wan himself had a screwup when he defended the Brompton Bike Saga Transactions.

See the video of his speech here: https://www.facebook.com/video.php?v=939673539411147&set=vb.416856241692...

 

Netizens Complain of strong Smoke Smell in the East but SCDF says There's no Fire

$
0
0

Netizens have taken to social media to complain about a strong burning smell resembling burning plastic, affecting much of the east on Thursday evening.

However, despite numerous reports, the SCDF have said that they have not recieved any alerts about fires in the area.

Netizens reported the smell on the MRT from Tanah Merah to Pair Ris and others in Bedok said it also smelled very bad.

According to the NEA's readings, there was a slightly higher PM2.5 reading in the evening in the East with PM2.5 going up to 44 at 9pm but back down ot 30 at 10pm.

It is not clear what is causing the smell.

Are you affected by the smoke?

 

Tags: 

CPF Alone is Not Enough to Provide for the Elderly Poor

$
0
0

Dear TRS,

CPF Board's Vision: “A world-class social security organisation enabling Singaporeans to have a secure retirement.”

But the CPF Advisory Panel acknowledges that this "world-class social security organisation" is not able to meet the retirement needs of the lower-income group on its own. 

For members in the lower income band, the Panel recognises that the CPF on its own is not able to address their retirement needs fully. The Panel is also aware that its recommendations may not specifically address the needs of Singaporeans who for various reasons, have not worked and saved through the CPF, for example, because of disability or care-giving responsibilities. 

The retirement needs of these Singaporeans would have to be addressed through measures beyond the CPF system. The Panel notes that the Government provides targeted assistance to the lower income group, e.g. through the Workfare Income Supplement Scheme and the Extra Interest of 1% on the first $60,000 of CPF savings, to help them boost their retirement savings. 

For those who are less able to provide for themselves and have limited family support, there is additional assistance beyond the CPF, for example through ComCare, direct healthcare subsidies and Medifund.

Tags: 
Wrap Text field: 

Source: CPF Advisory Panel Report Chapter 1 p.1-2 (emphasis mine)

Meanwhile, GIC and Temasek Holdings invest our monies and give good returns to the Government. 

After deducting all the Government’s liabilities (including CPF monies), the remaining net assets produce significant returns. The Net Investment Returns Contribution (NIRC) is about $7 billion; it should be further noted that the NIRC only comprises up to 50% of the returns earned on the reserves. 

Source: http://www.gov.sg/government/web/content/govsg/classic/factually/Factually-041012-IstheresomethingwrongwithourReserves

GLCs declaring handsome dividends and laughing their way to the bank, while using taxpayers' money to buy 1,000 buses. 

Money no enough to help the elderly poor. You want higher interest rates on your CPF? Who will pay? 

 

SGCharts.com

TRS Contributor

 

The Fury Unleashed

$
0
0

Maybe it was just his bad hair day, if you think he has any at all on his shiny pate. Shanmugam raved and ranted like he lost his favourite dog, raining all sorts of scurrilous accusations, short of blaming it on the smell of alcohol drifting in from Little India. He must have really blew his gaskets when Pritam Singh said he will be doing the explaining to his residents.

All the opposition party members did was to support the findings of the Auditor General's report. It was their version of "Well, we’re sorry we didn’t get it exactly right, but I hope you’ll understand and bear with us, because we’re trying our best to fix the problems." Problems which stemmed from a $2 company which creamed off an undisclosed fee to act as middlemen for a Town Council software transaction when it had neither technical expertise or staff to deliver the goods. Shanmugam may not have realized it when he was busy hyperventilating, all the brickbats he was hurling could have easily been aimed at another party.

And that bit about related parties involved in arms' length transactions could also bring in Chandra Das into the debate, but was not. It could also stir up fresh discussions about a father being chairman of a government investing corporation, daughter-in-law in charge of another asset management entity, and son signing off for the country's billions of reserves. Some things are best aired outside of parliament.

Tags: 
Wrap Text field: 

The ultimate threat came from National Development Minister Khaw Boon Wan who said that he will be withholding about $7 million of S&CC grants for the financial year 2014 from Aljunied-Hougang-Punggol East Town Council (AHPETC), his version of Goh Chok Tong promising to turn a constituency into a slum. And he can do it too, since his party dominates parliament house. All sorts of laws can be inked and rubber stamped, like sending 75 year old Ah Kong to jail if he defaults on his $1000++ a year Medishield Life premiums. That's the extent to which these guys will go so that the old man can see through his electoral threat of making Aljunied repent.

 

Tattler

*The writer blogs at http://singaporedesk.blogspot.sg/

 

Myanmar Times: In Singapore, the end of an era looms for the long-ruling PAP

$
0
0

All good things come to an end, and in little Singapore it is evident that the long rule of the People’s Action Party is drawing to a close.

It may take a couple of election cycles, perhaps 10 to 15 years, but as most political pundits, including many affiliated with the PAP, now openly admit, it is a prospect that appears inevitable.

And for many native-born Singaporeans – who, thanks to the party’s immigration policies, now face becoming a minority in their own country – it brings a sense of astonishment and a kind of thrilling trepidation.

After all, this is the party formed by that heroic battleaxe Lee Kuan Yew and his “Old Guard” coterie back in the 1950s, and which is now helmed by his equally savvy son, Prime Minister Lee Hsien Loong.

It is a party that has won back-to-back elections for more than half a century and just as consistently has formed governments that have topped surveys as the cleanest and most efficient in the world.

So what has gone wrong?

Well, the overlong tenure in office has bred arrogance and a measure of complacency, which in turn has allowed corruption and incompetence to become shockingly common.

It is no longer a surprise to hear about high-ranking Singaporean officials taking bribes, or to learn about security lapses and chronic breakdowns in the public transport system.

The fact that PAP ministers overseeing the decline continued to pay themselves the world’s highest salaries out of the public purse made more and more Singaporeans start to turn away from the party.

That was reflected in the stunning reversals suffered by the PAP in the 2011 general election and the near loss of its candidate in the subsequent presidential vote.

After these setbacks, the PAP made cosmetic changes and tried to put on a happy face, but it did little good. In a by-election last year, the former safe seat of Punggol East fell to the opposition in an anti-PAP swing of 13.5 percent.

Soon afterward, social commentator Catherine Lim wrote an open letter to PM Lee, saying, “We are in the midst of a crisis where the people no longer trust their government, and the government no longer cares about regaining their trust.”

She accused Mr Lee of heading an “all-powerful, vindictive government” which, she said, “has already widened the original disconnect between the PAP and the people into an almost unbridgeable chasm”.

Since then, the disconnect has widened even further, and a slew of nominally pro-PAP establishment figures has begun to muse about the prospect of the party’s demise.

Last month, the flamboyant businessman Ho Kwon Ping, the chair of Banyan Tree Holdings, which runs high-end hotels and resorts across the region, got into the act.

A former journalist turned tycoon, Mr Ho spoke at length about how the PAP might forfeit its stranglehold on parliament within 15 years and could lose power a decade after that.

Aside from local factors, he bolstered his argument by reference to global trends showing that ruling parties in democracies historically lapse after 50 to 75 years; the PAP is now smack in the middle of that range.

He claimed that almost everyone he knew had concurred, except about “how many years it would take before the PAP would lose an election and how many terms it would stay out of power before bouncing back”.

It was a pretty radical statement, especially by a Singaporean whose lucrative business has thrived under PAP rule and whose wife once served in parliament.

Certainly, it suggests that internal party splits, ongoing corruption scandals, stagnant growth and a loss of market competitiveness – all reasons Mr Ho gave for a potential early exit from power by the PAP – are well founded.

Toss in growing foreign worker problems and interracial divisiveness that led to a lethal riot in the city-state’s Little India district last December, and the government’s woes appear perfectly understandable.

Still, Mr Ho did moderate his scalding comments by saying the PAP would likely prevail in the next election or two and thus overtake the record of 71 years that Mexico’s Institutional Revolutionary Party clocked up in power.

He claimed this was because the PAP has not yet exhibited signs of moral exhaustion and the sort of incipient decay seen in other long-ruling political parties.

Of course, if Mr Ho had been braver he would not have used far-off Mexico as his comparative, but rather other entrenched parties in the region, such as those in Laos, Malaysia and Vietnam.

They have certainly shown signs of moral and operational decrepitude and largely survive in power by curtailing opposition voices – as, of course, Singapore has always done, most ruthlessly under Lee Kuan Yew.

Mr Ho also took pains to cover his backside by claiming that despite a few scandals involving mid-level bureaucrats, there was no evidence of mounting corruption in Singapore’s public life.

Tags: 
Wrap Text field: 

That is a stretch, to put it mildly, given recent cases that have indicted the head of the Central Narcotics Bureau, the director of the Civil Defence Force and senior officials from the Singapore Land Authority.

Indeed, as Mr Ho went on and referred to the “very popular” PM Lee, it became clear that his speech was more of a rallying cry to PAP faithful than a pre-funeral ament.

Like certain other “approved” opinionators, such as Kishore Mahbubani and Chan Heng Chee, both former ambassadors turned think-tank boffins, Mr Ho – unlike the braver Catherine Lim – clearly supports the PAP regime.

His typically acerbic tocsin, and that of others of his ilk, may well help the party to stagger on for another decade or so, but that is all it will do.

For, like its nefarious Mexican counterpart whose record it will indeed doubtless break, the PAP will also soon bite the dust.

Indeed, wondering why Singaporeans have voted for the party for so long recalls what Curly, one of the Three Stooges, said when asked why he kept banging his head against a wall.

He replied, “Because it feels so good when I stop.”

That is how most Singaporeans will likely feel when they finally cease voting for the tired old PAP.

*Article first appeared on http://www.mmtimes.com/index.php/opinion/12185-in-singapore-the-end-of-a... (Nov 2014)

 
Viewing all 2817 articles
Browse latest View live