It's a sign of desperation. Reminds me of Tan Kin Lian's PE survey he conducted on his own blog. He came out tops by a large margin only to lose his deposit.
Last edited:
-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
Serious Lee Wei Ling & Lee Hsien Yang condemns Lee Hsien Loong
- Thread starter Froggy
- Start date
- Joined
- Mar 18, 2016
- Messages
- 397
- Points
- 28
Demolition or not, they should let the familee decide. TCH or GCT can be the mediator/arbitrator.
PSD as well as PSC which is supposed to be independent are lost. Janadas Devon is a DS and Chua Lee Hoong is now a Sr Director in PMO. Both are clearly political appointments yet they are in the Civil Service roster.
Are those two individuals part of the the Admin Service?
- Joined
- Jan 6, 2012
- Messages
- 1,598
- Points
- 48
Right on point:
MAS Streamlines Framework for Banks Carrying On Permissible Non-financial Businesses
Singapore, 27 June 2017… The Monetary Authority of Singapore (MAS) announced today that it will streamline the regulatory requirements for banks seeking to conduct or invest in permissible non-financial businesses. In a speech at the 44th Annual Dinner of The Association of Banks in Singapore, Mr Heng Swee Keat, Minister for Finance, said that these will be businesses that are related or complementary to banks’ core financial businesses.
2. The regulatory framework separating banks’ financial and non-financial businesses (“anti-commingling framework”) was introduced in 2001 to ensure that banks remained focused on their core businesses and competencies. The banking landscape has evolved considerably since then. Technological advancements have created opportunities for banks to provide customers with integrated financial and related non-financial services through digital platforms. The proposed measures by MAS will give banks more flexibility to serve the needs of their customers while ensuring they remain focused on their core financial businesses.
Adjustments to Anti-commingling Framework
3. MAS will refine the anti-commingling framework for banks in two key aspects.
4. First, MAS will make it easier for banks to conduct or invest in non-financial businesses that are related or complementary to their core financial businesses.
(a) Banks need not seek prior regulatory approval before conducting or acquiring major equity stakes in permissible non-financial businesses. Banks will instead be required to notify MAS prior to doing so. MAS will continue to require banks to put in place appropriate risk management and governance arrangements to deal with the risks arising from these businesses.
(b) To limit exposure and ensure that banks continue to focus on their core businesses, MAS will cap such permissible non-financial businesses to 10% of the bank’s capital funds.
5. Second, MAS will allow banks to engage in the operation of digital platforms that match buyers and sellers of consumer goods or services as well as the online sale of such goods or services, if such activities are related or complementary to their core financial businesses. This recognises that online purchases of goods and services and the use of e-payment services are becoming increasingly integrated. MAS’ proposed refinement will allow banks to broaden their ability to provide a fuller suite of services to their retail customers. Beyond digital platforms, banks will need to seek case-by-case approval, as they should not be engaging in the sale of consumer goods or services as a business in its own right.
6. Notwithstanding the revision of the anti-commingling framework, banks will continue to be prohibited from entering certain businesses such as property development and the provision of hotel and resort facilities.
7. MAS will consult on the operational details of these policy changes by end of September 2017.
****
Notes to editor:
1 The anti-commingling framework was introduced in 2001 when the local banks had built up diverse non-banking businesses, especially in property. The framework was a pre-emptive move to ensure that banks remain focused on their core banking business and competencies, and avoid contagion problems that could arise from the conduct of non-financial businesses. The general thrust of the policy was to:
a. prohibit banks from directly undertaking businesses other than banking and financial businesses; and
b. prohibit banks from acquiring major stakes in a non-financial companies.
2 As the nature of financial services changed with technology, MAS’ anti-commingling framework has evolved. In 2011, MAS took a first step to give banks greater allowance to carry on non-financial businesses that are related or complementary to their core financial businesses. This was subject to specific conditions and the requirement to obtain regulatory approval from parent supervisory authorities.
So banks are being urged now to compete with Carousel Taoboa Amazon Ebay Alibaba....sigh
yes,must have been co-opted....or did they get interviewed by the PSC?
- Joined
- Jul 10, 2008
- Messages
- 35,575
- Points
- 113
And crown prince in the loop... dots are connected, so it seems...
- Joined
- Jul 10, 2008
- Messages
- 35,575
- Points
- 113
Tantric sex is the bestest! Teehee...
- Joined
- Jul 19, 2011
- Messages
- 27,851
- Points
- 113
So while the feud among Singapore's elite escalates, it is important to look back at what their father and the founding father of modern Singapore thought of his two sons
In the book, 'Lee Kuan Yew: Hard Truths to Keep Singapore Going', the late LKY describes the youngest of his three children, Lee Hsien Yang, as "a sensible and practical man"
According to LKY, Hsien Yang wanted to follow his brother Hsien Loong, who would follow his father's footsteps and eventually become the Prime Minister of Singapore.
"He decided to follow his brother and wanted to go to Cambridge too. 'I said you know your brother was quite exceptional and you are going to the same college. They will expect you to live up to his standards. He said, "That's all right, I'm not doing mathematics, I'm doing engineering."'
"(Hsien Yang) was not abashed. He was not under his brother's shadow. He went up and got a First. He wanted to get a Starred First, but he didn't get it," LKY recounted.
"He is good at investing, very shrewd. His mother would give him her money to invest. Most times, he invested wisely," the late Lee Kuan Yew added.
Hsien Yang possesses the unique capability to understand when someone wants to use him or his family's contacts
As LKY describes, Hsien Yang was known to James Wolfensohn from the World Bank.
"James knew he was smart in investments. He asked me to get Hsien Yang to join with his two children who were starting a boutique investment bank. I put it to him and he said, "No, they want to make use of my contacts in this part of the world."
http://says.com/my/news/as-singapor...ates-here-s-what-late-lky-thought-of-his-sons
In the book, 'Lee Kuan Yew: Hard Truths to Keep Singapore Going', the late LKY describes the youngest of his three children, Lee Hsien Yang, as "a sensible and practical man"
According to LKY, Hsien Yang wanted to follow his brother Hsien Loong, who would follow his father's footsteps and eventually become the Prime Minister of Singapore.
"He decided to follow his brother and wanted to go to Cambridge too. 'I said you know your brother was quite exceptional and you are going to the same college. They will expect you to live up to his standards. He said, "That's all right, I'm not doing mathematics, I'm doing engineering."'
"(Hsien Yang) was not abashed. He was not under his brother's shadow. He went up and got a First. He wanted to get a Starred First, but he didn't get it," LKY recounted.
"He is good at investing, very shrewd. His mother would give him her money to invest. Most times, he invested wisely," the late Lee Kuan Yew added.
Hsien Yang possesses the unique capability to understand when someone wants to use him or his family's contacts
As LKY describes, Hsien Yang was known to James Wolfensohn from the World Bank.
"James knew he was smart in investments. He asked me to get Hsien Yang to join with his two children who were starting a boutique investment bank. I put it to him and he said, "No, they want to make use of my contacts in this part of the world."
http://says.com/my/news/as-singapor...ates-here-s-what-late-lky-thought-of-his-sons
When Janadas lost his job in the US, he came to Singapore and could not find a job. He approached Arthur Lim for help. Arthur helped him out by giving a writing assignment but more importantly Arthur contacted George Yeo who was with MITA to help him out. GY got him the job with SPH. So he went back to US and wrote columns on English, Literature etc. Now he is a DS.
20 years ago MAS made Singapore banks to extricate themselves from Non-Bank businesses and OCBC which was basically a conglomerate under Tan Chin Tuan had to make the painful move. Now the start-ups both local and foreign are lobbying the govt to invest. One particular start-up went to Silicon Valley led by a ex-Mindef Cyber chap. It failed and return and Mindef age them contracts. Reminds me of Old Man and Templeton Funds with Mark Mobius. The latter successfully lobbied Old Man to open CPF funds to outside investment and we know what happened next - most of them lost money.
Both the sons are heavy into IT and very passionate. Most parents will indulge their kids. So if the kid is interested in showjumping, mum and dad will buy a horse. When it comes to the first family, the state resources also comes into play. Lets see what happens next. Remember Old man kept his son year back so as to create the SAFOS.
Both the sons are heavy into IT and very passionate. Most parents will indulge their kids. So if the kid is interested in showjumping, mum and dad will buy a horse. When it comes to the first family, the state resources also comes into play. Lets see what happens next. Remember Old man kept his son year back so as to create the SAFOS.
- Joined
- Jan 22, 2014
- Messages
- 8,901
- Points
- 113
[video=youtube_share;CabXHXZ9Uz8]https://youtu.be/CabXHXZ9Uz8[/video]最新)星國風雲: 李顯揚指被大哥監控？李顯龍掌控的新加坡 李瑋玲指責大哥“造神”、李顯揚離開？(寶傑哥分析)～【Oxley Saga Latest Updates】
- Joined
- Jan 22, 2014
- Messages
- 8,901
- Points
- 113
Students take pills, China’s dog meat festival, Lee Saga, etc | Coffee & Whiskey #12
see vid 03:59:00
Published on Jun 28, 2017
Students taking pills for studies - something is wrong with our education system. Thumbs up for CDAC’s new focus on helping ALL races. The dog meat festival in China and would she eat her own dog, the Lee saga and more.
I think many Singaporeans knew that the realistic possibility of a 90 year old LKY being able to fulfill his MP duties was a big stretch. And ask anyone and they would say nobody would dare to question LKY.
LKY is gone now. LHL is in his place. The way I look at this saga is whether the Singaporeans will support LHL to the extent he becomes another LKY solely on the ghost of his father (looking at how LHL's own achievements are buncombe).
I'm betting that he will get the support but not to the extent he is LKY.
LKY is gone now. LHL is in his place. The way I look at this saga is whether the Singaporeans will support LHL to the extent he becomes another LKY solely on the ghost of his father (looking at how LHL's own achievements are buncombe).
I'm betting that he will get the support but not to the extent he is LKY.
https://www.theonlinecitizen.com/2017/06/28/eleven-questions-that-psd-could-answer-about-its-poll-with-public-officers-on-the-lee-family-saga/
Eleven questions that PSD could answer about its poll with public officers on the Lee family saga
Posted on June 28, 2017 by Leong Sze Hian
Category: This entry was posted in Opinion.
I refer to the article “PSD polling public officers on Oxley Road spat as allegations involve integrity of public sector” (Straits Times, Jun 28).
It states that “The Public Service Division (PSD) is polling public officers about the ongoing spat between Prime Minister Lee Hsien Loong and his siblings, as the accusations involve the integrity of the public sector.
The PSD said in a statement on Tuesday (June 28) that “the allegations made go beyond private matters and extend to the conduct and integrity of the Government and our public institutions”.
Since we are talking about “the conduct and integrity of the Government and our public institutions” – can the PSD address the following questions:-
Who made the decision to conduct the poll?
Is the Prime Minister and the head of the civil service aware that the poll is being conducted?
1.What is the PSD’s understanding of “conflict of interest” since the PSD is in the Prime Minister’s Office (PMO)?
2.Will the results of the poll be made public?
3.To whom will the results of the poll be reported to?
4.As to “The statement comes after screenshots of the poll were circulated on Facebook and social media, with some people questioning whether public resources should be used to conduct a poll on “family matters”.
5.Responding to media queries about the poll, the PSD said: “We are polling public officers to understand their sentiments on this issue as it involves the integrity of our public institutions, of which they are an important part”” – can the PSD also address the following questions:-
6.Given the serious concerns expressed in Singapore as well as international about the “secret” ministerial committee – why is the PSD conducting a “secret” poll, without informing Singaporeans?
7. Did the PSD even consider that conducting such a poll may further damage Singapore’s reputation in respect of “abuse of power”, use of public resources for “private matters”, etc?
8. With regard to “It added that it periodically polls public officers on issues that matter to them as part of “stakeholder engagement”” – when was the last time that the PSD conducted such a polling exercise and for what issue, and how man of such polls were done in the last year, last five years, etc?
In respect of “In one question, respondent’s were asked for their views on the matter.
9. The multiple choice answers included an option saying the incident would have a long-term impact on Singapore’s reputation, and one saying the country’s reputation will recover “after the incident has calmed down”” – does the PSD not realise that such an exercise may actually add to the damage to the “long-term impact on Singapore’s reputation”, hinder the “country’s reputation’s” recovery, and fuel the storm rather than “calming it down”?
10. As to “Another question asked public officers the extent to which the dispute has affected their confidence in the integrity and impartiality of Singapore’s public institutions and the public service” – did the PSD consider the possibility that such a poll may further affect and diminish Singaporeans’ (and civil servants too) “confidence in the integrity and impartiality of Singapore’s public institutions and the public service”?
11. With regard to “while a third question asked whether or not they agreed that the issue should be addressed in Parliament” – why is the PSD asking this when “PM Lee had (already) said earlier that he will deliver a ministerial statement in Parliament on July 3 to refute his siblings’ “baseless accusations””?
Some of my friends say – “if already so much of the ruckus in the past 10 days or so isn’t making much sense and only making Singapore the laughing stock of the world – this latest PSD’s polling exercise may really “top it off”!
Eleven questions that PSD could answer about its poll with public officers on the Lee family saga
Posted on June 28, 2017 by Leong Sze Hian
Category: This entry was posted in Opinion.
I refer to the article “PSD polling public officers on Oxley Road spat as allegations involve integrity of public sector” (Straits Times, Jun 28).
It states that “The Public Service Division (PSD) is polling public officers about the ongoing spat between Prime Minister Lee Hsien Loong and his siblings, as the accusations involve the integrity of the public sector.
The PSD said in a statement on Tuesday (June 28) that “the allegations made go beyond private matters and extend to the conduct and integrity of the Government and our public institutions”.
Since we are talking about “the conduct and integrity of the Government and our public institutions” – can the PSD address the following questions:-
Who made the decision to conduct the poll?
Is the Prime Minister and the head of the civil service aware that the poll is being conducted?
1.What is the PSD’s understanding of “conflict of interest” since the PSD is in the Prime Minister’s Office (PMO)?
2.Will the results of the poll be made public?
3.To whom will the results of the poll be reported to?
4.As to “The statement comes after screenshots of the poll were circulated on Facebook and social media, with some people questioning whether public resources should be used to conduct a poll on “family matters”.
5.Responding to media queries about the poll, the PSD said: “We are polling public officers to understand their sentiments on this issue as it involves the integrity of our public institutions, of which they are an important part”” – can the PSD also address the following questions:-
6.Given the serious concerns expressed in Singapore as well as international about the “secret” ministerial committee – why is the PSD conducting a “secret” poll, without informing Singaporeans?
7. Did the PSD even consider that conducting such a poll may further damage Singapore’s reputation in respect of “abuse of power”, use of public resources for “private matters”, etc?
8. With regard to “It added that it periodically polls public officers on issues that matter to them as part of “stakeholder engagement”” – when was the last time that the PSD conducted such a polling exercise and for what issue, and how man of such polls were done in the last year, last five years, etc?
In respect of “In one question, respondent’s were asked for their views on the matter.
9. The multiple choice answers included an option saying the incident would have a long-term impact on Singapore’s reputation, and one saying the country’s reputation will recover “after the incident has calmed down”” – does the PSD not realise that such an exercise may actually add to the damage to the “long-term impact on Singapore’s reputation”, hinder the “country’s reputation’s” recovery, and fuel the storm rather than “calming it down”?
10. As to “Another question asked public officers the extent to which the dispute has affected their confidence in the integrity and impartiality of Singapore’s public institutions and the public service” – did the PSD consider the possibility that such a poll may further affect and diminish Singaporeans’ (and civil servants too) “confidence in the integrity and impartiality of Singapore’s public institutions and the public service”?
11. With regard to “while a third question asked whether or not they agreed that the issue should be addressed in Parliament” – why is the PSD asking this when “PM Lee had (already) said earlier that he will deliver a ministerial statement in Parliament on July 3 to refute his siblings’ “baseless accusations””?
Some of my friends say – “if already so much of the ruckus in the past 10 days or so isn’t making much sense and only making Singapore the laughing stock of the world – this latest PSD’s polling exercise may really “top it off”!
role playing and complete submission is best
- Joined
- Jul 25, 2008
- Messages
- 59,126
- Points
- 113
have a dog collar for you. it cums with a leash. when are you cumming over?
Good questions. If the MPs do their job on 3 Jul, LHL has a lot of answering to do
Similar threads
