Aiyah.. u all dun propaganda lah. The net amount of toen
council money is still positive even after the loss. So can dun
spread rumors and sway people into opposition or not.
You people always look at the negative side. Typical
singaporean. I can see many coffeeshop people also picking fish
bones again about govt and town council.
-First, they disclose the news, is honesty liao, so that is a
good thing.
-Second, when they made money in the past, so even with these
loss, there is still money still, so what is there to complain.
Thirdly, you people say the town council is gambler or corrupt,
you all better dun anyhow say. Back with substantial argument. Wait
you all kana sue then you know.
If town council got used our money for personal usage, then that
is wrong. SO for all kpkb, please provide ample evidence instead of
misleading readers... If really for embezzment, then we should
really lambast the people involved, if not, dun anyhow
complain.
the point is that TC should not even be claiming extra from
residents to invest, when they are after all a public service
provider.
i don't mind organizations like PUB to invest their profits in
wadever ventures.
but TCs? no way.
their sole purpose is not to sell us water or electricity. they
have always existed to coordinate efforts in
maintaining the estate, i.e. hire cleaners, pay the utility bills
for the estate.
we pay them just enough to cover their operating cost. they are
never meant to be a for profit agency, with a $1bn fund which no
one knows of until they disclose the $12m losses.
losses are revealed to us to save their ass, while news of
profits are kept silence.
SP power is a for profit company, but town councils are not.
thus, it is not justifiable for them to charge extra for hoarding
and investing. why do they need the extra money from investment
anyway? do they operate like companies, where they need funds to
acquire other companies? no. even if they manage to earn extra, the
profits made from the "illegally-charged fees" do not go back to
the residents in any sense.
the residents are still over-charged regardless of whether the
TCs' investment make a profit or not.
