SM Goh should send Teo Ho Pin to learn from Hougang Town Council

[Avantas]

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.

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/

 

[scroobal]

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.

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/

Any chance of an interview with Dr Teo? Phone interview also can. Offer NTUC vouchers or maybe an honorarium.

 

[myo539]

Why did Hougang town council not invest in mini or maxi bonds?

It's not that they are wise not to invest in these bonds. They simply do not have enough money to invest - unlike PAP run councils which are flushed with cash.

 

[The_Latest_H]

Why did Hougang town council not invest in mini or maxi bonds?

It's not that they are wise not to invest in these bonds. They simply do not have enough money to invest - unlike PAP run councils which are flushed with cash.

Which means they had more responsibility to protect that cash- and they failed miserably in that aspect. Even with all that spin, it has failed to cover up that there was a abject failure of judgment, and that resulted because of a distinct lack of transparency and accountability in the usage of public money.

 

[makapaaa]

Why did Hougang town council not invest in mini or maxi bonds?

It's not that they are wise not to invest in these bonds. They simply do not have enough money to invest - unlike PAP run councils which are flushed with cash.

Cos they overcharged the residents! It's already bad enuff that that running dogs and bitches can't think. It's unbelievable that they dun even know how to talk cock!

 

[kakowi]

Why did Hougang town council not invest in mini or maxi bonds?

It's not that they are wise not to invest in these bonds. They simply do not have enough money to invest - unlike PAP run councils which are flushed with cash.

If that is the case, then the PAP town councils should have restricted access to cash. It makes them perform better.


The Hougang Town Council is only assumed to be not wise by you, but proven wise by their results.

The 8 PAP Town Councils are proven not wise by their results.

It is better to go by results.

 

[kansas]

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.

What did Hougang invest that returns averaged 6 per cent a year

 

[kakowi]

What did Hougang invest that returns averaged 6 per cent a year

I was also asking myself this...6% needs a relatively risky instrument...moreover it is an average which means some of the instruments earn
more than 6%!

or Avantas is not accurate (?)

 

[sally]

his investment returns averaged 6 per cent a year

What did Mr Low invest to get 6 per cent returns

 

[sherrry]

Who cares if its 6% or 0.6% interest p.a? The consolation is that they did not risk it all, and did not end up in the red, like the MIW did.