Another PAPee Running Dog Defends TCs LOSSES

[makapaaa]

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Higher-yield investments by town councils can pay off
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->I AGREE with Mr Ho Yew Kee's observation 'Investments by Town Councils and other bodies: A mistake to overact' (Dec 13). Mr Ho has enlightened us with his comments on investment risks.
For several years, I had the opportunity to work as a volunteer at two not-for-profit organisations. When I was a treasurer of a charitable organisation, it invested millions of dollars in fixed deposits with reputable local banks giving very low returns. This was because the constitution was so restrictive that the board of management was not allowed to invest in other investments which gave higher yields. We were happy to get all the money invested back as none of the banks we placed deposits with had collapsed. No members complained that our returns on investment were too low.
On the contrary, when I was a volunteer member at one of the town councils, the council was given several options to invest, besides bank deposits. Our competent finance committee worked hard to select higher yield investments, having carefully evaluated their risks.
Over the years, the council's investments have been very profitable. Investments have often fetched earning rates much higher than those from bank fixed-deposits.
I hope the council chairman and his members will continue with their good job, despite recent setbacks.
Kong See Wah

 

[congo9]

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Higher-yield investments by town councils can pay off
</TR><!-- headline one : end --><!-- show image if available --></TBODY></TABLE>




<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->I AGREE with Mr Ho Yew Kee's observation 'Investments by Town Councils and other bodies: A mistake to overact' (Dec 13). Mr Ho has enlightened us with his comments on investment risks.
For several years, I had the opportunity to work as a volunteer at two not-for-profit organisations. When I was a treasurer of a charitable organisation, it invested millions of dollars in fixed deposits with reputable local banks giving very low returns. This was because the constitution was so restrictive that the board of management was not allowed to invest in other investments which gave higher yields. We were happy to get all the money invested back as none of the banks we placed deposits with had collapsed. No members complained that our returns on investment were too low.
On the contrary, when I was a volunteer member at one of the town councils, the council was given several options to invest, besides bank deposits. Our competent finance committee worked hard to select higher yield investments, having carefully evaluated their risks.
Over the years, the council's investments have been very profitable. Investments have often fetched earning rates much higher than those from bank fixed-deposits.
I hope the council chairman and his members will continue with their good job, despite recent setbacks.
Kong See Wah

Gosh ....... what is this man talking abt ? Sinking fund is money given by public to maintanin the enviornment of the common areas !

So ........ if the money made from punting in these areas is not return back to the people who contribute the funds, TC is just playing with people's money !

 

[oli9]

All these talk on investment prudence & defending the TC is useless if Mr Kong See Wah (Kongsi Wah?) dont provide his HDB address.
Let me say to you, those who dont pay town council charges dont have the right to say what's right or wrong on the TC investment debacle.
We dont tell our great PM how to run this country right?

 

[Hope]

Gosh ....... what is this man talking abt ? Sinking fund is money given by public to maintanin the enviornment of the common areas !

So ........ if the money made from punting in these areas is not return back to the people who contribute the funds, TC is just playing with people's money !

All over the world,you hear about price -reduction due to lower cost or excess charging,etc

But in the government sector in Singapore,price reduction has never been heard of,much less of it being practised.In fact,it is a known fact that PAP main slogan is "ALL Prices would definitely go up"

No wonder all those clever PAP men have absolutely no bloody idea that the excess fund could have been returned and save many greifing families from some troubles.

It then become legitimate to delcare that

WHY NOT INVEST THE EXCESS FUND($2 BILLION)?WHICH IS BY ITSEL;F BIGGER THAN THE GDPS OF MANY COUNTRIES.AND TRY TO GET BETTER RETURN FOR OUR PEOPLE?

This sounds extremly reasonable to the ears and eyes of kind hearted 66.67% Sinkies.

 

[VIBGYOR]

Over the years, the council's investments have been very profitable. Investments have often fetched earning rates much higher than those from bank fixed-deposits.
I hope the council chairman and his members will continue with their good job, despite recent setbacks.
Kong See Wah

wah this guy very yah yah....

it really reflects how a PAP regime led country really destroy the moral fibre of our society....and people really have no shame doing things they have been doing all along...and they must be really proud of it by telling the world about it!!

上梁不正下梁歪!

 

[congo9]

All over the world,you hear about price -reduction due to lower cost or excess charging,etc

But in the government sector in Singapore,price reduction has never been heard of,much less of it being practised.In fact,it is a known fact that PAP main slogan is "ALL Prices would definitely go up"

No wonder all those clever PAP men have absolutely no bloody idea that the excess fund could have been returned and save many greifing families from some troubles.

It then become legitimate to delcare that

WHY NOT INVEST THE EXCESS FUND($2 BILLION)?WHICH IS BY ITSEL;F BIGGER THAN THE GDPS OF MANY COUNTRIES.AND TRY TO GET BETTER RETURN FOR OUR PEOPLE?

This sounds extremly reasonable to the ears and eyes of kind hearted 66.67% Sinkies.

Ya ...exactly ...... what the use of huge return but the man on the street don feel the effect on the returns made ?

 

[char_jig_kar]

Put aside this investment thingy aside. The problem with Town Councils is they are not doing there job in keeping the HDB estate clean in the first place.

Residents of HDB flat, pay a hefty monthly sum of conservancy fee to the Town Council, and the TC cant keep the place clean. And ontop of that, still gamble with the funds? And then still ya ya papaya not apologetic at all?? This country is fucked.

 

[VIBGYOR]

Put aside this investment thingy aside. The problem with Town Councils is they are not doing there job in keeping the HDB estate clean in the first place.

it's really true, when i travel around Sinkapor, i really felt the country is really run down, especially in PAP run estates...like we have aged or something, and it's getting dirtier...compare that during the 80s, everywhere is so brand new and clean. hey oppositions! another ammo for ya....lol...

maybe the TC can't do their jobs right, if they spend most of the time watching stock prices on their TV?

hmm...i wonder if they siphoned off the profits when the stock peak....and claimed liabilities for their own losess together with TC sinking funds when it crashed?

we would never know thanks to the collobrative efforts of LeeRegime and 141th...