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<TABLE id=msgUN border=0 cellSpacing=3 cellPadding=0 width="100%"><TBODY><TR><TD id=msgUNsubj vAlign=top>Coffeeshop Chit Chat - Backside Teo spouting SHIT!!!</TD><TD id=msgunetc noWrap align=right>
Subscribe </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>Fkapore <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>Jan-9 3:29 pm </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 17) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>26883.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>DPM Teo Chee Hean urges Singaporeans to donate generously to those in need
January 9, 2010 by admin
Filed under Headlines
Leave a comment From Temasek Review
Written by Our Correspondent
Deputy Prime Minister Teo Chee Hean has exhorted Singaporeans to donate generously to those in need to ensure that nobody is left behind as the economy picks up.
Mr Teo was speaking at a charity show organised by MediaCorp’s Suria and Tabung Amal Aidilfitri Trust Fundon Friday night which managed to raise only $500,000.
Such events usually raise more than $1 million dollars. Public donations to charities have dropped drastically in the face of the scandals embroiling NKF and Ren Ci hospital, the two largest charities in Singapore. Both their CEOs were convicted for misappropriation of the charities’ funds.
Singapore’s charities are heavily dependent on public donations though the government does offer them limited financial assistance.
Despite being the second richest nation in Asia after Japan, Singapore citizens enjoy few social welfare benefits. While its two giant sovereign wealth funds were able to lose billions of dollars in failed overseas investments, the ruling party is unwilling to do more to help needy Singaporeans.
Mr Teo seemed to forget the role of the government when he asked Singaporeans to continue their support to charities:
“There are many charitable organisations which do good work. I would encourage Singaporeans to continue to open their hearts, open their wallets and give generously because its only through the support of the community that these organisations are able to do the work that they do.”
Perhaps he would like to walk his talk first by donating part of his multi-million dollar salary to these charities. Singapore leaders are highest paid in the world. As deputy prime minister, Mr Teo receives an annual salary in excess of SGD$2 million, more than 4 times that of U.S. President Barack Obama.
In the aftermath of the 2006 general election, GST was raised from 5 to 7 per cent ostensibly to “help the poor.” Till today, Prime Minister Lee Hsien Loong had not explained to Singaporeans how the additional revenue collected from GST has gone to needy Singaporeans.
While the salaries of ordinary Singaporeans have remained stagnant in the last few years due to the relentless influx of cheap foreign workers, the income gap between the poor and the rich has widened. Singapore has the largest income-gap among developed nations after Hong Kong.
Instead of asking Singaporeans to donate their hard-earned money to charities all the time, the ruling party should consider spending more of Singapore’s budget surpluses to provide a comprehensive social safety net for needy Singaporeans.
For a nation with billions of dollars in reserves, it can well afford to treat its citizens better.
</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
January 9, 2010 by admin
Filed under Headlines
Leave a comment From Temasek Review
Written by Our Correspondent
Deputy Prime Minister Teo Chee Hean has exhorted Singaporeans to donate generously to those in need to ensure that nobody is left behind as the economy picks up.
Mr Teo was speaking at a charity show organised by MediaCorp’s Suria and Tabung Amal Aidilfitri Trust Fundon Friday night which managed to raise only $500,000.
Such events usually raise more than $1 million dollars. Public donations to charities have dropped drastically in the face of the scandals embroiling NKF and Ren Ci hospital, the two largest charities in Singapore. Both their CEOs were convicted for misappropriation of the charities’ funds.
Singapore’s charities are heavily dependent on public donations though the government does offer them limited financial assistance.
Despite being the second richest nation in Asia after Japan, Singapore citizens enjoy few social welfare benefits. While its two giant sovereign wealth funds were able to lose billions of dollars in failed overseas investments, the ruling party is unwilling to do more to help needy Singaporeans.
Mr Teo seemed to forget the role of the government when he asked Singaporeans to continue their support to charities:
“There are many charitable organisations which do good work. I would encourage Singaporeans to continue to open their hearts, open their wallets and give generously because its only through the support of the community that these organisations are able to do the work that they do.”
Perhaps he would like to walk his talk first by donating part of his multi-million dollar salary to these charities. Singapore leaders are highest paid in the world. As deputy prime minister, Mr Teo receives an annual salary in excess of SGD$2 million, more than 4 times that of U.S. President Barack Obama.
In the aftermath of the 2006 general election, GST was raised from 5 to 7 per cent ostensibly to “help the poor.” Till today, Prime Minister Lee Hsien Loong had not explained to Singaporeans how the additional revenue collected from GST has gone to needy Singaporeans.
While the salaries of ordinary Singaporeans have remained stagnant in the last few years due to the relentless influx of cheap foreign workers, the income gap between the poor and the rich has widened. Singapore has the largest income-gap among developed nations after Hong Kong.
Instead of asking Singaporeans to donate their hard-earned money to charities all the time, the ruling party should consider spending more of Singapore’s budget surpluses to provide a comprehensive social safety net for needy Singaporeans.
For a nation with billions of dollars in reserves, it can well afford to treat its citizens better.
</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
