Even PM disagrees with Doc

In Political governance on 09/01/2013 at 6:43 am

No basis to suggest AIM transaction was improper, says Teo Ho

I was planning to blog on the significance of Dr Tan Cheng Bock’s comments on the PAP “volvo” over AIM.

But given that “PM Lee directs MND to fully review AIM transaction”, need I say anything more for the time being? Except that Mayor Doctor Teo Ho Pin has been shown to be a talk cock, sing song artiste, like KennethJ. Isn’t a PAP MP supposed to be better than an Opposition man?

And by directing “MND to take a broad-based approach, including re-examining the fundamental nature of town councils, with a view to ensuring high overall standards of their corporate governance”, PM is also recognising that there is serious public disquiet about Baey Yam Keng’s comments that,“They[town councils]’re not public institutions; they’re not a public service company … “I feel that we may be reading too much into the political association. Because in the first place it’s a political organisation.”

I was planning to blog on this issue given the significance of these words

— They came from an MP who was until recently the head of the regional branch of an int’l leading PR firm: a man who knows the importance of words.

— There are constitutional and governance issues if these words reflect the govt’s thinking on town councils.

But let’s watch and wait for the report.

Note: “And …” was added after first posting.

  1. […] Bertha Harian: He hath spoken – Thoughts of a Cynical Investor: Even PM disagrees with Doc – life one degree north, one-o-three degrees east: Doing the right thing and a proposal […]

  2. Where the lawyer’s letter to Alex Au could not stop further comments, calling for a review seem to do the trick.
    All the more reason for bloggers to keep harping on the propriety of selling TCs’ IP to AIM and to continue hounding Teo Ho Pin and other busybody MIWs to shoot their feet.

  3. Teo is not medical dr,he got a Phd from one funny unknown University in Hawaii,USA.

  4. CPF should return back to withdraw method of the previous system of withdrawing a lump sum at 55 years old, many people thought they can invest their own money, but the rule change, now it is unlikely in their lifetime they are able to get back their own money?

    It is people hard earn money, people had the right to decided how to use it as they like, they are old enough to handle their own money, many are thrifty know how to use their money, after spending many year working and saving their money in CPF, later found out they are unable to withdraw it, putting in the bank is better then putting in CPF, which you had little chances of taking it out in your their lifetime, which the retirement age kept increasing, the retirement age raising from 62 until 68 years, even then, every month you can only get few hundreds dollars.

    How many of them can live until 68 years, it should given the person option to withdraw as they like or they want to put in the CPF to get higher interest then the bank, it should be up to individual to decide, some individual may have good investments skill horn through the years and get much higher returns then putting their money in the CPF should be allow to withdraw their own money to invest on themselve and get higher returns?

    If the person consistently can proven they can earn more then 10 percent on their own money, they should be allow to withdraw their money by 55 year old the previous system, rather put inside the CPF to earn around 3 percents, it fair to the person who need funds to invest, and to take out their own money from CPF to invest?

    Why should it be kept in the CPF and get little interest, it is good for the government that the person has the abilities to get better returns withdraw their money, then putting in the CPF? And the government should happy to let the person to manage his own money?

  5. According to Ex-Chief of PA Yam Ah Mee: The PA is a non political organization.
    Now MP Baey Yam Keng’s commented that,“town councils are not public institutions; they’re not a public service company”
    I now like Mr Yam Ah Mee much more as to me,he speaks moreTRUTH than MP Baey Yam Keng who seems to be talking COCK!
    As for Mayor Dr Teo Ho Pin,PM Lee must send him to MSM for immediate OTJ training.

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