Do You Believe What MND Say: "FMSS has been 'grossly profiteering' off AHPETC"

[greenies]

FMSS has been 'grossly profiteering' off AHPETC: MND

Total payments by AHPETC to FMSS owners and directors amounted to 22 per cent of FMSS’ revenue in FY2012/2013. It grew further to 36 per cent in FY2013/2014. "Such levels of profit margin are abnormal," says the National Development Ministry.
http://www.channelnewsasia.com/news/singapore/fmss-has-been-grossly/2084652.html

Picking on WP by MND under so-called acclaimed Buddhist KBW!!!
He seems to be very mean in killing off his opponents; the act is not taught in Buddhism.

 

[Brightkid]

What a good timing for MND to poke its head in now! Civil service being used by a political party now?

How about investigating AIM too? Buying a software developed at a cost of $24M but bought it for $140,000. Thereafter TC buy service from AIM at same amount per TC? If true, a $2 company is going to make multi times what it paid for from PAP TCs!

Fishy? No? MND no need investigate? Let the voters decide.

 

[kiwibird7]

PAP themselves are like the POT calling KETTLE black. Remember the grassroots Mr Lin fella who was supplying PAP funeral blankets for wakes? Is that also not a case of profiteering for cronies????
What about the over-charging by a PAP MP lawyer Mr Yeo for the Dr Susan Lim's case. Not a case of excessive profit margins????
Where the PAP is concerned, they always have excuses for themselves like someone else prepared the bill etc Or TPL facebook political post on cooling day; some-else posted on her behalf ---honest mistakes, good intentions, blah blah blah
http://www.theonlinecitizen.com/2014/07/lawyer-a-pap-mp-accused-of-overcharging/

 

[wendychan]

http://www.todayonline.com/singapore/wp-responds-mnd-accounts-report-ex-managing-agent-fmss

RESPONSE TO MND’S LETTER ON FMSS’ ACCOUNTS

29 August 2015

To: Mr Han Kok Juan
Senior Director (Housing)
Ministry of National Development

Dear Mr Han,

FMSS’ ACCOUNTS

We refer to your letter, received today.

We are appalled at the series of careless accusations made by your Ministry against Aljunied Hougang Punggol East Town Council (AHPETC). It is shocking that despite our clarifications on your allegations relating to lost monies and overpayment, your Ministry continues to make spurious statements to distract the public and aimed at politically discrediting AHPETC. A copy of our Open Letter to Residents published in June 2015 can be found at this link (http://www.ahpetc.sg/sylvia-lims-open-letter-to-residents/) for your reference.

We reiterate that FM Solutions & Services Pte Ltd (FMSS) was appointed the Managing Agent (MA) of the AHPETC for FY 12/13 and FY 13/14 pursuant to a contract awarded through a public tender. Similarly, FMSS bid for, and was awarded, a contract to provide Essential Maintenance Services Unit (EMSU) services, after an open tender. Payments made by AHPETC to FMSS were made pursuant to these contracts. Payment in accordance with contracts cannot be overpayment.

With regard to paragraphs 3 to 5 of your letter, we wish to highlight that arrangements between FMSS and its employees are entirely commercial and not within the control of AHPETC. I am not aware of the matters you have highlighted therein, as AHPETC does not ask its contractors about their profitability or internal arrangements. We emphasise that AHPETC has ensured that payments made to FMSS are in line with and within the budget provided under the tender awarded.

In any case, it is misleading and unfair to compare MA rates charged by FMSS with MAs of other town councils under the People’s Action Party (PAP), since their MAs did not submit a single bid for our public tender for MA services in 2012. FMSS’ bid for MA services in 2012 was assessed, using the former rates charged by CPG Facilities Management for the PAP-managed Aljunied TC as a baseline. It is also ambiguous as to what the Ministry means by an “abnormal” profit margin, when it is not clear what the other MAs’ levels of profit are in other town councils.

It is unfortunate that the political environment has put non-PAP town councils at a financial disadvantage due to the lack of competitive bidders. Your Ministry ought to recognise the existence of an imbalanced system and take into consideration the political reality of the situation.

Lastly, our stand remains that there is no basis for your Ministry to apply to the Court to appoint Independent Accountants. We also question your Ministry’s political motivation for issuing a public release on this matter at such a premature stage, when you say that your Ministry has not even completed a review of the findings by ACRA.


SYLVIA LIM
IMMEDIATE PAST CHAIRMAN
ALJUNIED-HOUGANG-PUNGGOL EAST TOWN COUNCIL

 

[soIsee]

So what?

If WP were to defend along the line they paid 'according to contracts' ...

It is the entirety of Pappy accusation that the contracts are 'over-paid'..

And AHPTEC would reply along the defensive stand that FMSS was the only acceptance they received, right? Saying that as a oppo ward, no company dare to 'do business' with them.

It's a lame duck excuse..and only lame duck would accept this. LoLoLoL

 

[CABcommander]

So what?

If WP were to defend along the line they paid 'according to contracts' ...

It is the entirety of Pappy accusation that the contracts are 'over-paid'..

And AHPTEC would reply along the defensive stand that FMSS was the only acceptance they received, right? Saying that as a oppo ward, no company dare to 'do business' with them.

It's a lame duck excuse..and only lame duck would accept this. LoLoLoL

Tiulelomo mat babi.

 

[frenchbriefs]

Abnormal levels of profit margin knnbccb!!!!they should look at singtel's profit margin!!!16b revenues and 4b net profit,how many companies have profit margins on that scale?nearly 25%!!!not even robert kuok and richard branson can do that.

 

[HeMan]

Abnormal levels of profit margin knnbccb!!!!they should look at singtel's profit margin!!!16b revenues and 4b net profit,how many companies have profit margins on that scale?nearly 25%!!!not even robert kuok and richard branson can do that.

Oligopoly... same same but only different day.

 

[Brightkid]

What is MND's grip about profiteering?

MND should compare against those from PAP's TC before they suddenly revised downwards across all TCs?

I recall the Finance minister showed a chart of all cost paid by household, but it contained wrong data. Has he revised that?

Has MND investigate and provide a apple-to-apple, unbiased comparison then tell citizens who been overcharging residents?

A civil service jumping into the political fixing of oppositions? SG is sunk!

 

[greenies]

Will MND release profit margins of other TCs under Pappies management???
Even though they claim to be lower or zero margin because of serving residents blah blah, who would believe in it knowing that they are fond of money.
Their sense of serving residents is to collect every possible single cent, which is in line with LKY instruction to his ministers.

 

[Unrepented]

In order for us peasants to judge, can hdb reveal the cost of building pigeon holes also? And how much they paying some of their cho bo lan staff?

Will MND release profit margins of other TCs under Pappies management???
Even though they claim to be lower or zero margin because of serving residents blah blah, who would believe in it knowing that they are fond of money.
Their sense of serving residents is to collect every possible single cent, which is in line with LKY instruction to his ministers.

 

[escher]

PAP themselves are like the POT calling KETTLE black. Remember the grassroots Mr Lin fella who was supplying PAP funeral blankets for wakes? Is that also not a case of profiteering for cronies????
What about the over-charging by a PAP MP lawyer Mr Yeo for the Dr Susan Lim's case. Not a case of excessive profit margins????
Where the PAP is concerned, they always have excuses for themselves like someone else prepared the bill etc Or TPL facebook political post on cooling day; some-else posted on her behalf ---honest mistakes, good intentions, blah blah blah
http://www.theonlinecitizen.com/2014/07/lawyer-a-pap-mp-accused-of-overcharging/

What a good timing for MND to poke its head in now! Civil service being used by a political party now?

How about investigating AIM too? Buying a software developed at a cost of $24M but bought it for $140,000. Thereafter TC buy service from AIM at same amount per TC? If true, a $2 company is going to make multi times what it paid for from PAP TCs!

Fishy? No? MND no need investigate? Let the voters decide.

This fight is not just your voting for opposition, any opposition against the PAP
Singaporeans must do much more than just relying on their single vote.
Give them the money to support them in the fight.
Give them your time and energy to support them in the fight
They fight for you Singaporeans
They fight our common enemy
They fight the PAP and cronies, corrupt and rotten to the core, who stole over 180 billions from Singaporeans, and intent on stealing even more from us.

Support Opposition, any Opposition, all Opposition
Regardless if they have primary school, or O levels or A levels or PhD
Regardless if they wear singlets, or tuxedos
Support Opposition, any Opposition, all Opposition
Regardless if they wear slippers, or wear sneakers or shoes
Support Opposition, any Opposition, all Opposition
Even if a rat crawl out of a sewer and stand as Opposition
Even if a cockroach with 6 legs and 2 long feelers at the head become Opposition
They will be much better for Singaporeans than the fucking corrupt perverted PAPs who only think of laughing all the way to their banks and back from the banks


Bestest way will be to dangle the stinking cheating Maggots in White under lamp post
The next bestest thing will be to vote everyone of those PAP bastards in white out out out


UNDER THE FUCKING PAP, SINKIES ARE 4TH CLASS CITIZENS IN THEIR OWN LAND STOLEN FROM THEM BY PAP
PAPs ARE THE 2ND CLASS CITIZENS WITH THE LEE FAMILY AS THE FIRST CLASS ARISTOCRAZIES

FTs ARE TAKEN IN AS THE 3RD CLASS CITIZENS KICKING SINKIES INTO 4TH CLASS AND SINKIES GOOD ONLY TO GO
HEAD DOWN DOWN AND ARSEHOLES UP HIGH HIGH TO BE FUCKED AND TIEWED BY PAPs LAUGHING ALL THE WAY TO THEIR BANKS.


THERE IS ONLY ONE SOLUTION

THE ONLY CHANCE WE HAVE WILL BE TO DANGLE PAPs AND THEIR CRONIES TO SEE THEM DANCE UNDER THE LAMP POSTS

HISTORICALLY, PIANO WIRES WILL BE WHAT TRAITORS OF COUNTRIES DESERVED
AND WE ALL CAN SEE PAPs AS TRAITOR TO SINGAPORE AND SINGAPOREANS AND PAPs ONLY SERVE THEIR OWN NEEDS AND LAUGH ALL THE WAY TO THEIR BANKS

DANGLE ALL THOSE PAP BASTARDS AND CRONIES TO SEE THEM DANCE UNDER THE LAMP POSTS
AND TURN STINKAPORE BACK INTO SINGAPORE WHERE SINGAPOREANS ARE TREATED FIRST INSTEAD OF THE FUCKING FTs FROM FUCKED UP SCHOOLS WHERE THEY CHEAT AND CHEAT

 

[GE2015]

Contract is awarded through open tender. Which part of open tender mnd does not understand?

When it comes to dirty politics pap is the undisputed champion. Every department such as pa, media and mnd can be mobilise to do its dirty work.

 

[aerobwala]

He know the profit margin of other MAs and able to make a comparison with profit margin of FMSS ?

 

[Confuseous]

In any case, it is misleading and unfair to compare MA rates charged by FMSS with MAs of other town councils under the People’s Action Party (PAP), since their MAs did not submit a single bid for our public tender for MA services in 2012. FMSS’ bid for MA services in 2012 was assessed, using the former rates charged by CPG Facilities Management for the PAP-managed Aljunied TC as a baseline. It is also ambiguous as to what the Ministry means by an “abnormal” profit margin, when it is not clear what the other MAs’ levels of profit are in other town councils.

"Abnormal" means overpaying ministers (and top civil servants) by the millions and who are operating on the basis of fixing the opposition.

 

[KuanTi01]

The MND is clearly insulting our intelligence! Apart from so shamelessly entering into the political arena and fighting PAP's cause, it is presenting falsehoods and highly speculative statements to pass of as proven facts. The overall motive is to continue to attack the WP on the TC issue and to make their PAP masters look so divine and good. When you claim ''grossly profiteering'', there must first of all, be a clear basis for comparison. PAP's own MAs should reveal their profit margins year on year. I have no doubt their profits are just as handsome if not more sizeable. In talking cock, anything is possible! So MND stop talking cock and stay within your job scope. If not you should also consider registering your Ministry as a political party! Maybe I am still too naive to think that these people are civil servants but hell no, these are closet politicians of the whiter-than-white kind.:oIo:

 

[virus]

FAP $2 setup grossly profiteering they kept quiet.

 

[duluxe]

http://www.todayonline.com/singapore/wp-responds-mnd-accounts-report-ex-managing-agent-fmss


Payment in accordance with contracts cannot be overpayment.


SYLVIA LIM
IMMEDIATE PAST CHAIRMAN
ALJUNIED-HOUGANG-PUNGGOL EAST TOWN COUNCIL

A particularly political party is actually practising the same kind of 'legalized' wrongdoing that the party is crying against and accusing its opponent of doing. Politic is dirty!

 

[Confuseous]

The elaborate statement by Dr. Teo Ho Pin, Coordinating Chairman of the PAP Town Councils, in response to Workers'' Party (WP) chairman Sylvia Lim's questioning of the sale of the computer software rights to Action Information Management (AIM), when she asked if it was in the public interest, cuts no ice with the public, especially the netizens. His statement has been published on the TR Emeritus website which elicited no less than 218 responses from netizens criticising or condemning Dr. Teo for his disingenuous statement designed to cover up the questionable sale of the PAP Town Councils' computer software system to a PAP-owned AIM with a paid up capital of $2 whose three directors are former PAP MPs.

Dr Teo attempted to justify the sale of the computer software by quoting for the first time that a consultancy firm Deloitte and Touche Enterprise Risk Services Pte Ltd had been engaged to review the system and had found the system, built in 2003, was becoming obsolete and impossible to maintain. Deloitte and Touche had suggested centralising the software ownership with a third party taking over the software rights. A commentator with computer software expertise has commented that unlike a real machine, a computer software cannot get outdated. It is just a series of instructions to an operating system to perform a task. There are no rotating gears or other moving parts in a software which can suffer from wear and tear. So Singaporeans can draw their conclusion whether the sale of the computer software to a third party which turned out to be none other than the PAP-owned AIM, a $2 shell company, was in the public interest.

In this controversy, the WP started as an underdog but it has justice on its side. The way Ms Sylvia Lim has stood up to the political onslaught of Dr. Teo Ho Pin and his cohort is a credit to the indomitable character of the WP chairman. Dr Teo, with due respect to him, emerges out of this controversy as not so adept in trying to force through his arguments, probably by sheer display of PAP's superiority. He has no answer to the public perception of the impropriety of the sale of the computer software system to AIM, a $2 capital shell company with a skeleton staff and no computer software expertise. Ms Sylvia Lim suspected that AIM was exercising the rights of termination of the lease if there was a "material change" in the composition of the Town Council when it terminated the software lease to Aljunied-Hougang Town Council.

It is as clear as daylight that Dr. Teo's elaborate statement lacks conviction and cogency. He has to try harder to convince Singaporeans of his ingenuousness in wanting to resolve this controversy equitably, especially to the WP. This controversy has been festering for some time now and it could not be beneficial to the PAP with an eye to the possible Punggol East by-election if it is allowed to drag on indefinitely. What seems to be drawing public attention is the reticence of the PAP leadership on this controversy.

http://singaporerecalcitrant.blogspo...-aim-saga.html

 

[virus]

Which minister will come out to remind us petrol firm hv been grossly profiteering since we are paying for prices based on 2012 when it has fallen to 1930 prices