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Coffeeshop Chit Chat - MP Teo rejects SDP proposal to stop SS</TD><TD id=msgunetc noWrap align=right> </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>kojakbt_89 <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>2:00 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 5) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>31974.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Teo Ho Pin rejects proposal by SDP to stop Sheng Siong
April 20th, 2010 |
Author: Our Correspondent
http://www.temasekreview.com/2010/04/20/teo-ho-pin-rejects-proposal-by-sdp-to-stop-sheng-siong/
PAP MP for Bukit Panjang Teo Ho Pin has rejected a proposal by the Singapore Democratic Party to stop Sheng Siong from raising the rents at Fajar market by 30 percent.
A team led by SDP Chairman met Dr Teo at his Meet-the-People sessions last week to relay their intentions to him.
Dr Teo reportedly dismissed their proposal and said:
“The government can’t interfere. Let the market forces decide whether the increased rentals by Sheng Siong were steep or not.”
There are no other wet markets in Bukit Panjang except the Fajar market which was acquired by Sheng Siong.
Since the rental hike, some stallholders have indicated that they have no choice but to move out.
Despite repeated appeals from the stallholders, Sheng Siong said it is unable to reverse its decision after considering all factors, such as long-term and short-term costs and sustainability of the business model.”
It claimed that the outcome is “inevitable” and sought the “understanding” of stallholders.
There are unverified rumors circulating in some internet forums that the son of one of Sheng Siong’s founder had just tied the knot with a daughter of a senior government leader.
Dr Teo won Bukit Panjang with 77 percent of the valid votes in the 2006 election against SDP’s Ling How Doong.
Judging from Dr Teo’s handling of the crisis so far, he appears to be confident of another overwhelming victory again at the next election due to be called soon.
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http://www.temasekreview.com/2010/04/20/teo-ho-pin-rejects-proposal-by-sdp-to-stop-sheng-siong/
PAP MP for Bukit Panjang Teo Ho Pin has rejected a proposal by the Singapore Democratic Party to stop Sheng Siong from raising the rents at Fajar market by 30 percent.
A team led by SDP Chairman met Dr Teo at his Meet-the-People sessions last week to relay their intentions to him.
Dr Teo reportedly dismissed their proposal and said:
“The government can’t interfere. Let the market forces decide whether the increased rentals by Sheng Siong were steep or not.”
There are no other wet markets in Bukit Panjang except the Fajar market which was acquired by Sheng Siong.
Since the rental hike, some stallholders have indicated that they have no choice but to move out.
Despite repeated appeals from the stallholders, Sheng Siong said it is unable to reverse its decision after considering all factors, such as long-term and short-term costs and sustainability of the business model.”
It claimed that the outcome is “inevitable” and sought the “understanding” of stallholders.
There are unverified rumors circulating in some internet forums that the son of one of Sheng Siong’s founder had just tied the knot with a daughter of a senior government leader.
Dr Teo won Bukit Panjang with 77 percent of the valid votes in the 2006 election against SDP’s Ling How Doong.
Judging from Dr Teo’s handling of the crisis so far, he appears to be confident of another overwhelming victory again at the next election due to be called soon.
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