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It's Official! Iswaran kanna asked to lim kopi and anal probe by CPIB!
- Thread starter in3deep
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Stop watching at 'Uttar Pradesh' ...stirring such a shithole hornet nest with savage roaches and cow dungs will only bring more trouble for our tiny Red Dot.
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Do they cavity search him?
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Even if declare then how?
Dock back from salary?
Lky extra egg in char kway teow analogy.
Nothing wrong
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Former F1 boss tio charged for tax evasion of US$650 (400M pounds) in UK:
https://www.dailymail.co.uk/news/ar...arrives-court-400million-tax-fraud-trial.html
Plot getting thicker... imagine if this US$650M fund is linked to Iswaran.. hong kanz already..LOL.
Now news are reporting this case which is a flashback link to Iswaran's maiden speech on SG staging F1 for the first time with all the economic benefits should already raise some potential red flags..:
Why is the STB under MTI co-funding a whopping 60 percent of the costs? Why he mentioned about 'Growing wealth management industry'? LOL..
https://www.caproasia.com/2023/07/1...g-beng-seng-is-founder-of-hotel-properties-l/
S Iswaran & Ong Beng Seng (Left / Right) Source: S Iswaran Facebook
Opening Remarks By Mr S Iswaran, Minister Of State For Trade And Industry, At The Press Conference On The Formula 1 Singapore Grand Prix At Ura Centre Theatrette On 11 May 2007
11th July 2007 – Thank you all for coming to this press conference at short notice.I am pleased to be here this afternoon with Mr Ong Beng Seng and Mr Lim Neo Chian.We are also glad to be joined via teleconference by Mr Bernie Ecclestone, Chief Executive of the Formula One Group.
I think our presence here speaks for itself.We are pleased to announce that Singapore will be hosting the Formula 1 Grand Prix from 2008.Singapore GP Pte Ltd, of which Mr Ong is the controlling shareholder, has secured the rights from the Formula One Group to host an F1 race in Singapore for 5 years from 2008, with the option for FOA (Formula One Administration) to extend for a further 5 years thereafter.The Singapore Tourism Board (STB) has evaluated the company’s proposal and found it to be worthy of support.The first race will take place in September or early October 2008 in a street circuit around Marina Centre.
First Night Race in the World
I am also pleased to announce that Singapore could potentially stage the first-ever F1 night race.A night race will be unique, different and allow the Singapore event to reach out to television audiences in Asia, Europe and the US.Safety is of paramount concern to all of us.Therefore, we will proceed with a night race only if the safety and operational requirements of all parties including the FIA, FOA and Formula 1 teams are fully met.If not, we will revert to a day race.
Economic Benefits and Positive Spill-overs from F1
Let me now briefly touch on our strategic rationale for hosting an F1 race. Singapore is a leading business centre and our aim is to be a vibrant global city that is abuzz with high quality entertainment and events.A world class event like the F1 race, with more than 500 million viewers worldwide, will take us closer to this objective.F1 will give a strong boost to our tourism sector.It is expected to generate incremental tourism receipts of about S$100 million a year.Hotels, night spots, restaurants, retailers, airlines, taxi drivers, and many other groups will benefit.The hive of activity surrounding the race will create opportunities for individuals and companies alike.Neo Chian will elaborate on this.
There will be broader economic spin-offs as well.Our growing private wealth management industry, strong contingent of MNCs and local companies, and diverse retail and entertainment establishments can all take advantage of the event to derive benefits for their clients and their business.
Government will Co-fund the Event
As I said in Parliament earlier in March, F1 is a major financial undertaking for any company.The annual cost of staging an F1 race can be up to S$150 million.Revenue from ticket sales, merchandising and sponsorship will defray some of the costs.However, given the larger economic benefits from an F1 race that do not accrue to the Race Promoter, there is a case for commensurate support from public funds.STB will, therefore, co-fund about 60 percent of the cost of the event from the Tourism Development Fund.
Need for Support from Hoteliers ….
However, the Government cannot do this alone. While the tourism-related businesses and the economy, in general, will benefit from the F1 Grand Prix, the hotels, in particular, will be significant beneficiaries.Hotels in Monaco and Melbourne, for instance, are near full occupancy and are known to raise their room rates by up to 2 to 3 times, with stipulated minimum stays of 3 to 4 nights, during the race period.We expect hotels in Singapore to benefit similarly and we need our hotels to contribute their fair share.
The Government, therefore, intends to impose a special F1 cess on hotel room revenues to defray some of the cost of staging the F1 race in Singapore.The F1 cess will be for a limited period of about 7 days around the race.It will be tiered so that track-side hotels which will benefit from the highest increases in room rates will pay a higher rate, and those further away will pay a lower rate.We are looking at a cess of no more than 30 percent to ensure that hoteliers still keep a significant share of the upside whilst making a meaningful contribution.The F1 cess is expected to raise an average of about S$15 to S$20 million per year.
We have consulted members of the hotel industry, including members of the Singapore Hotel Association (SHA) EXCO, and the feedback has been positive.More details will be announced when ready. … And Other Stakeholder.
We will also need the support of other key stakeholders.These include building owners, retailers and the general public.
As some roads will have to be closed in the period leading up to the race, during the race days, as well as after the race, there will be disruption to traffic.There may also be some access restrictions around the track during the race period.We will need the understanding and cooperation of all Singaporeans and stakeholders affected by such inconveniences.I would like to assure everyone that our Government agencies will work closely with all stakeholders concerned to minimise any disruptions and inconveniences.We will set up an inter-agency committee for this purpose to work in partnership with the Race Promoter to ensure that Singapore stages a world-class F1 race whilst doing our best to mitigate the inconveniences.
Broad Participation and Involvement
In conclusion, let me say that, over the past few months, there has been a palpable buzz at home and internationally at the prospect of Singapore hosting an F1 race.Singaporeans from all walks of life are excited and we share their excitement.By holding the race on a street circuit in Marina Centre, we will bring the buzz and excitement into the heart of the city, so that everyone can join in the festivities.And there will be ample opportunity for broad-based participation in the event – whether as a guest, a spectator, a volunteer, or simply to participate in the events that will be held around the race.
I would like to thank Mr Ong Beng Seng and his team, Mr Bernie Ecclestone, and our officers at MTI and STB for their tireless and patient work over the past few months to bring F1 to Singapore.We still have a long way to go before reaching the chequered flag, and I look forward to the support of our government agencies, various stakeholder groups and all Singaporeans as we work towards an excellent Formula 1 Singapore Grand Prix which all of us will be proud of.
Let me now invite Mr Ecclestone followed by Mr Ong and Neo Chian to share their thoughts.
https://www.dailymail.co.uk/news/ar...arrives-court-400million-tax-fraud-trial.html
Plot getting thicker... imagine if this US$650M fund is linked to Iswaran.. hong kanz already..LOL.
Now news are reporting this case which is a flashback link to Iswaran's maiden speech on SG staging F1 for the first time with all the economic benefits should already raise some potential red flags..:
Why is the STB under MTI co-funding a whopping 60 percent of the costs? Why he mentioned about 'Growing wealth management industry'? LOL..
https://www.caproasia.com/2023/07/1...g-beng-seng-is-founder-of-hotel-properties-l/
S Iswaran & Ong Beng Seng (Left / Right) Source: S Iswaran FacebookOpening Remarks By Mr S Iswaran, Minister Of State For Trade And Industry, At The Press Conference On The Formula 1 Singapore Grand Prix At Ura Centre Theatrette On 11 May 2007
11th July 2007 – Thank you all for coming to this press conference at short notice.I am pleased to be here this afternoon with Mr Ong Beng Seng and Mr Lim Neo Chian.We are also glad to be joined via teleconference by Mr Bernie Ecclestone, Chief Executive of the Formula One Group.
I think our presence here speaks for itself.We are pleased to announce that Singapore will be hosting the Formula 1 Grand Prix from 2008.Singapore GP Pte Ltd, of which Mr Ong is the controlling shareholder, has secured the rights from the Formula One Group to host an F1 race in Singapore for 5 years from 2008, with the option for FOA (Formula One Administration) to extend for a further 5 years thereafter.The Singapore Tourism Board (STB) has evaluated the company’s proposal and found it to be worthy of support.The first race will take place in September or early October 2008 in a street circuit around Marina Centre.
First Night Race in the World
I am also pleased to announce that Singapore could potentially stage the first-ever F1 night race.A night race will be unique, different and allow the Singapore event to reach out to television audiences in Asia, Europe and the US.Safety is of paramount concern to all of us.Therefore, we will proceed with a night race only if the safety and operational requirements of all parties including the FIA, FOA and Formula 1 teams are fully met.If not, we will revert to a day race.
Economic Benefits and Positive Spill-overs from F1
Let me now briefly touch on our strategic rationale for hosting an F1 race. Singapore is a leading business centre and our aim is to be a vibrant global city that is abuzz with high quality entertainment and events.A world class event like the F1 race, with more than 500 million viewers worldwide, will take us closer to this objective.F1 will give a strong boost to our tourism sector.It is expected to generate incremental tourism receipts of about S$100 million a year.Hotels, night spots, restaurants, retailers, airlines, taxi drivers, and many other groups will benefit.The hive of activity surrounding the race will create opportunities for individuals and companies alike.Neo Chian will elaborate on this.
There will be broader economic spin-offs as well.Our growing private wealth management industry, strong contingent of MNCs and local companies, and diverse retail and entertainment establishments can all take advantage of the event to derive benefits for their clients and their business.
Government will Co-fund the Event
As I said in Parliament earlier in March, F1 is a major financial undertaking for any company.The annual cost of staging an F1 race can be up to S$150 million.Revenue from ticket sales, merchandising and sponsorship will defray some of the costs.However, given the larger economic benefits from an F1 race that do not accrue to the Race Promoter, there is a case for commensurate support from public funds.STB will, therefore, co-fund about 60 percent of the cost of the event from the Tourism Development Fund.
Need for Support from Hoteliers ….
However, the Government cannot do this alone. While the tourism-related businesses and the economy, in general, will benefit from the F1 Grand Prix, the hotels, in particular, will be significant beneficiaries.Hotels in Monaco and Melbourne, for instance, are near full occupancy and are known to raise their room rates by up to 2 to 3 times, with stipulated minimum stays of 3 to 4 nights, during the race period.We expect hotels in Singapore to benefit similarly and we need our hotels to contribute their fair share.
The Government, therefore, intends to impose a special F1 cess on hotel room revenues to defray some of the cost of staging the F1 race in Singapore.The F1 cess will be for a limited period of about 7 days around the race.It will be tiered so that track-side hotels which will benefit from the highest increases in room rates will pay a higher rate, and those further away will pay a lower rate.We are looking at a cess of no more than 30 percent to ensure that hoteliers still keep a significant share of the upside whilst making a meaningful contribution.The F1 cess is expected to raise an average of about S$15 to S$20 million per year.
We have consulted members of the hotel industry, including members of the Singapore Hotel Association (SHA) EXCO, and the feedback has been positive.More details will be announced when ready. … And Other Stakeholder.
We will also need the support of other key stakeholders.These include building owners, retailers and the general public.
As some roads will have to be closed in the period leading up to the race, during the race days, as well as after the race, there will be disruption to traffic.There may also be some access restrictions around the track during the race period.We will need the understanding and cooperation of all Singaporeans and stakeholders affected by such inconveniences.I would like to assure everyone that our Government agencies will work closely with all stakeholders concerned to minimise any disruptions and inconveniences.We will set up an inter-agency committee for this purpose to work in partnership with the Race Promoter to ensure that Singapore stages a world-class F1 race whilst doing our best to mitigate the inconveniences.
Broad Participation and Involvement
In conclusion, let me say that, over the past few months, there has been a palpable buzz at home and internationally at the prospect of Singapore hosting an F1 race.Singaporeans from all walks of life are excited and we share their excitement.By holding the race on a street circuit in Marina Centre, we will bring the buzz and excitement into the heart of the city, so that everyone can join in the festivities.And there will be ample opportunity for broad-based participation in the event – whether as a guest, a spectator, a volunteer, or simply to participate in the events that will be held around the race.
I would like to thank Mr Ong Beng Seng and his team, Mr Bernie Ecclestone, and our officers at MTI and STB for their tireless and patient work over the past few months to bring F1 to Singapore.We still have a long way to go before reaching the chequered flag, and I look forward to the support of our government agencies, various stakeholder groups and all Singaporeans as we work towards an excellent Formula 1 Singapore Grand Prix which all of us will be proud of.
Let me now invite Mr Ecclestone followed by Mr Ong and Neo Chian to share their thoughts.
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in corporate amerika if over the limit in gift and entertainment ($200) must sexplain reason and sexception for accepting it. all supplier provided gifts and entertainment must declare, sexcept $25 or less seasonal gifts especially during christmas. otherwise gifts over $25 are shared with colleagues in the office. for meals, senior sexecs have been fired for “free” dinners with suppliers costing over $100 per person. 1 bottle of above average wine will easily cost $69. very strict code of conduct among top 500 blue chip firms in u.s. looks like sinkie cabinet has faltered poorly in the corruption and conflict of interest departments after lky’s cremation.
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Rooks rike what TCB said in last GE rings some truth...:
https://mothership.sg/2020/07/psp-tan-cheng-bock-pap-lost-its-way/
https://mothership.sg/2020/07/psp-tan-cheng-bock-pap-lost-its-way/
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Rooks rike what TCB said in last GE rings some truth...:
https://mothership.sg/2020/07/psp-tan-cheng-bock-pap-lost-its-way/
Two decades of the feckless son in charge, of course lost its way lah. Him and his toxic wife.
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White snake must be damn sad he cannot visit his favourite shit skin land
https://www.theonlinecitizen.com/20...:text=Differing standards? Ong,in the country.
SINGAPORE
14 July 2023
ByCorrespondent
The Prime Minister’s Office (PMO) issued a statement on Thursday (13 Jul) announcing that Transport Minister S Iswaran is under investigation by the Corrupt Practices Investigation Bureau (CPIB).
The PMO confirmed that Mr Iswaran will be on leave of absence and must stay in Singapore during the investigation. He will be completely cut off from official resources and prohibited from entering any government buildings for the duration of his leave.
Senior Minister of State Chee Hong Tat has been appointed to temporarily assume the role of Acting Minister for Transport during Mr Iswaran’s absence.
Deputy Prime Minister Lawrence Wong acknowledged that it would be “difficult” for Mr Iswaran to undertake his responsibilities during this time, and other Members of Parliament from the People’s Action Party for West Coast GRC will step in for him.
Meanwhile, Hotel Properties Limited (HPL) issued a public statement to the Singapore Stock Exchange on Friday (14 Jul), confirming that Mr Ong Beng Seng, its managing director, has been requested by the CPIB to provide information in relation to his interactions with Mr Iswaran.
TOC reported rumours suggesting that the billionaire businessman had also been asked to “assist” in the high-profile CPIB investigation linked to Mr Iswaran.
Mr Ong, the founder of Hotel Properties and the driving force behind the Singapore Grand Prix, is said to have been served with a notice of arrest and has posted bail of $100,000, according to the HPL statement.
The statement also mentioned that Mr Ong would be travelling from Friday (14 Jul) and will surrender his passport to the CPIB upon his return to Singapore.
Despite these developments, HPL assessed that Mr Ong remains suitable to carry out his duties and responsibilities as Managing Director.
At present, it is unknown why the Singapore government has allowed Mr Ong to travel outside of Singapore despite his arrest, while Mr Iswaran, who has not been officially served with a notice of arrest, is required to stay in the country.
https://www.theonlinecitizen.com/20...:text=Differing standards? Ong,in the country.
Differing standards? Ong Beng Seng allowed to travel, S Iswaran asked to stay amidst CPIB investigation
SINGAPORE
14 July 2023
ByCorrespondent
The Prime Minister’s Office (PMO) issued a statement on Thursday (13 Jul) announcing that Transport Minister S Iswaran is under investigation by the Corrupt Practices Investigation Bureau (CPIB).
The PMO confirmed that Mr Iswaran will be on leave of absence and must stay in Singapore during the investigation. He will be completely cut off from official resources and prohibited from entering any government buildings for the duration of his leave.
Senior Minister of State Chee Hong Tat has been appointed to temporarily assume the role of Acting Minister for Transport during Mr Iswaran’s absence.
Deputy Prime Minister Lawrence Wong acknowledged that it would be “difficult” for Mr Iswaran to undertake his responsibilities during this time, and other Members of Parliament from the People’s Action Party for West Coast GRC will step in for him.
Meanwhile, Hotel Properties Limited (HPL) issued a public statement to the Singapore Stock Exchange on Friday (14 Jul), confirming that Mr Ong Beng Seng, its managing director, has been requested by the CPIB to provide information in relation to his interactions with Mr Iswaran.
TOC reported rumours suggesting that the billionaire businessman had also been asked to “assist” in the high-profile CPIB investigation linked to Mr Iswaran.
Mr Ong, the founder of Hotel Properties and the driving force behind the Singapore Grand Prix, is said to have been served with a notice of arrest and has posted bail of $100,000, according to the HPL statement.
The statement also mentioned that Mr Ong would be travelling from Friday (14 Jul) and will surrender his passport to the CPIB upon his return to Singapore.
Despite these developments, HPL assessed that Mr Ong remains suitable to carry out his duties and responsibilities as Managing Director.
At present, it is unknown why the Singapore government has allowed Mr Ong to travel outside of Singapore despite his arrest, while Mr Iswaran, who has not been officially served with a notice of arrest, is required to stay in the country.
Nobody care especially West Coast GRC.Rooks rike what TCB said in last GE rings some truth...:
https://mothership.sg/2020/07/psp-tan-cheng-bock-pap-lost-its-way/
What is the difference between what VB and Thambi are getting vs Iswaran? Both are VVIP treatments but one given by civil servant (hence don't need to declare) and the other by private businessman.
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Methink Piss And Poop no money liao and are eyeing the wealth of the rich elites now. OBS's wealth can easily be cheong-gong just by arbitrary incrimination. This is exactly what cash-strapped CCPee is doing to rich tiongs now.
So the only reason Pinky is hanging Iswaran out to dry is cause the corruption is linked to global case on F1 corruption, so he won't be able to suppress it on his own cause the UK lawyers will be digging it. If it was something Pinky could cover up, he would have done so
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Tiagong , OBS reward " eat also cannot finish one" from the F1 Franchise .
its akin to having the Franchise to
operate the Singapore Pools
its akin to having the Franchise to
operate the Singapore Pools
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