$500M LOST, But Ass Loon Went Smelling CB & Talking Cock!

[makapaaa]

Smells like CCB, but I like it! *hee*hee*

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<!-- headline one : start --><TR>'Plus' force to tackle emergencies
</TR><!-- headline one : end --><TR>Grassroots groups in 7 wards in Ang Mo Kio/Yio Chu Kang band together to engage community </TR><!-- Author --><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Jamie Ee Wen Wei
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The new CEP Plus initiative will benefit grassroots leaders and residents, says PM Lee at the Emergency Preparedness Day held at Ang Mo Kio Avenue 3. -- ST PHOTO: SHAHRIYA YAHAYA
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->There is strength in numbers - critical in building up a community's resilience in times of emergency.
Grassroots organisations (GROs) from seven wards - the six in Ang Mo Kio GRC and single constituency Yio Chu Kang - have banded together to achieve this aim.
Totalling about 500 GROs, they are putting the 'Plus' into an existing vehicle, the Community Engagement Programme (CEP).
Until now, the CEP - which was inaugurated in February 2006 - was limited to individual GROs developing their own networks to act if terror and communal tensions arise.
The new initiative, dubbed the CEP Plus Project, allows the seven constituencies to leverage on one another's capabilities and resources.
They will also work with religious and community partners like schools and volunteer groups to build strong networks of trust.
CEP Plus was mooted in May this year. It is the first time that an entire group representation constituency and a single constituency have engaged in a CEP-driven project.
At a media briefing yesterday, Dr Lam Pin Min, adviser to Sengkang West GROs, who leads the new initiative in Ang Mo Kio, said CEP Plus will be better prepared to handle major catastrophes such as a bomb explosion or an infectious disease outbreak.
Prime Minister Lee Hsien Loong, adviser to Teck Ghee GROs, was at the Emergency Preparedness Day held at Ang Mo Kio Avenue 3 yesterday to launch the new initiative.
He said both the grassroots leaders and residents will benefit from the combining of strengths.
'The mutual help between the different wards will be very valuable for the grassroots leaders because it's extra practice working together. For the residents, there's practice, they are familiar, and if ever something happens - we hope never, but just in case - we will be able to respond,' he said. [email protected]

 

[makapaaa]

Compare with....

Friday, October 17, 2008

HK: Tsang vows to get justice for minibonds investors


Tsang vows to get justice for minibonds investors
Bonnie Chen, Diana Leeand Beatrice Siu
Friday, October 17, 2008

Chief Executive Donald Tsang Yam- kuen has pledged to help those caught up in the Lehman Brothers minibond row get justice if any criminal or civil liability is identified.

"Officials found guilty of misconduct in handling the Lehman Brothers minibond saga will be punished but it is not an appropriate time to see who should be responsible - all efforts should be focused on tackling the matter," Tsang said in response to a question by financial services legislator Chim Pui- chung in the Legislative Council.

Much as he hopes litigation could be avoided, he promised to pursue cases to the end. "If cases are found to have criminal liability, we will follow up seriously," he said.

Banks involved in the case are expected to respond today to Tsang's ultimatum on a buyback proposal.

Also, the Hong Kong Association of Banks will announce the appointment of Ernst & Young to evaluate the value of all Lehman-related products, including minibonds and equity-linked notes, or ELNs. The ELN evaluation is expected to be completed next Friday.

Meanwhile, DBS Bank (Hong Kong) has reportedly settled with two clients. In one case, a man surnamed Chan said his 84-year-old mother and 50-year- old brother had bought HK$560,000 worth of ELNs from the bank.

Chan declined to disclose the amount of compensation but said the bank told his family that it was a capital preservation product that would have interest paid every three months. He said the bank staff admitted they realized his brother had a mental illness.

A spokeswoman for DBS Bank (Hong Kong), however, clarified that as of yesterday, "the bank has not made any settlements with any parties on the grounds of alleged mis-selling."

Tsang reiterated the administration will inject capital to the Consumer Legal Action Fund if necessary. "But I hope banks will not seek litigation. Reputation is an invaluable asset to banks. It will be shameful and troublesome to banks if they go to court and it is time-consuming too," he said.

Tsang rejected Chim's idea of setting up a special court to handle the Lehman saga as impractical. Neither did he accept Civic Party chairwoman Audrey Eu Yuet-mee's suggestion of settling the problem through arbitration.

Tsang said both parties had to agree on arbitration or the case will have to be handled by the court. The Hong Kong Monetary Authority, he said, will also set up a mediation group for this purpose.

Spokesmen for the Bank of East Asia, ABN Amro, ICBC (HK) and Dah Sing Bank said they are considering the buyout proposal.

Consumer Council chief Connie Lau Yin-hing declined to say whether the current HK$16 million litigation fund would be enough to help people caught up in the Lehman scandal. She also hoped the problem could be solved by mediation.
Up to yesterday, the council had received 1,702 complaints from investors, involving a total amount of HK$12

http://www.thestandard.com.hk/news_detail.asp?pp_cat=30&art_id=73064&sid=21037896&con_type=1

 

[makapaaa]

No wonder...​

 

[Neh_Neh_Pok]

Wahahahahaha.. he's more capable than his lau peh in tua-kang-ing and talking cocks

 

[makapaaa]

Observe doggy look of LBW towards Ass Loon. Wonder if his butch will slap her?

 

[The_Latest_H]

Let's see how Ho Ching, LHL and LKY handle this crisis...how's their "crisis-management" skills? We will see. I'm not hoping for miracles or some problem solving magic though. I'm jaded.

 

[travelbug]

Yes he looks like he is smelling some air dried penis fallen off some poor chap!

 

[makapaaa]

Let's see how Ho Ching, LHL and LKY handle this crisis...how's their "crisis-management" skills? We will see. I'm not hoping for miracles or some problem solving magic though. I'm jaded.

They are probably bz siphoning out what remains of the Peasants' blood and coffin money and preparing to run road if need be! The wise would do it ahead of the rude awakenig of the Peesai Dream!

 

[Singapaporean]

"Every month when I get my CPF statement, I feel so rich...."