On 26 July this year, SM Goh urge PAP members to play the role of an “effective opposition” in his speech at the Hougang National Day Dinner at Hougang Community Club:
“In Hougang, let us keep Mr Low Thia Khiang on his toes. He is responsible for running the Hougang Town council. But unlike Parliament, town councils do not have open meetings where members from other political parties can question their performance.
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Now who has been playing the role of a watchdog on PAP - managed Town Councils ?
It is perturbing that Mr Teo had not learnt a lesson from the minibond fiasco, having lost the bulk of the money invested.
Even a layman can tell that it is not worth it to place one’s money in such high risk investments for a miserly 3% return when there are other options to consider.
According to the same report, Mr Low Thia Khiang (Hougang) said his TC did not have any investments in Lehman-linked products or the Jubilee Series 3 Notes. In the last three years, his investment returns averaged 6 per cent a year, he added.
Mr Teo Ho Pin should learn some basic investment strategies from Mr Low Thia Kiang lest he frittered away our precious Town Council sinking funds again.
Read rest of article here:
http://wayangparty.com/2008/11/19/s...g-town-council-to-keep-pap-mps-on-their-toes/
“In Hougang, let us keep Mr Low Thia Khiang on his toes. He is responsible for running the Hougang Town council. But unlike Parliament, town councils do not have open meetings where members from other political parties can question their performance.
XXX
Now who has been playing the role of a watchdog on PAP - managed Town Councils ?
It is perturbing that Mr Teo had not learnt a lesson from the minibond fiasco, having lost the bulk of the money invested.
Even a layman can tell that it is not worth it to place one’s money in such high risk investments for a miserly 3% return when there are other options to consider.
According to the same report, Mr Low Thia Khiang (Hougang) said his TC did not have any investments in Lehman-linked products or the Jubilee Series 3 Notes. In the last three years, his investment returns averaged 6 per cent a year, he added.
Mr Teo Ho Pin should learn some basic investment strategies from Mr Low Thia Kiang lest he frittered away our precious Town Council sinking funds again.
Read rest of article here:
http://wayangparty.com/2008/11/19/s...g-town-council-to-keep-pap-mps-on-their-toes/
