Town Councils gamble away money

last SG · 2008-11-18T10:25:32+00:00

that is why some is called Honest Mistake. But some wiill be called a Terrible mistake. Depending which side of the toast you are on.

yamizi SG

I think Town Councils should watch this programme call Life Challengers on Channel 8 on Monday 8.30 pm.

I think that's where the monie should be rightfully channel to.

AndrewPKYap SG

"The PAP-held constituencies raised their charges in 2004, by between 2 and 6 per cent. "

...in order to lose the money to foreigners... PAP Standard Operating Procedure... take from Singaporeans, put into own pockets and lose to foreigners... no wonder they say two party system don't work... they will not survive a two party system and will have to stop taking public money, so how can it "work"? If you have a good answer to the question how in a two party system they can still continue to take massive amounts of public money, only then can it work.

reyes SG

Personally, after reading that, I have this feeling like a robber after robbing a woman and then tell her "be thankful" I didnt rape you.

well said, that why PAP is also regards as despots!

reyes SG

you don't even bother to find out your own responsibilities??

that speaks volumes...

btw.. ask ask ask.. the same way you MUST ask ask ask the opposition..

you don't trust the MIW but you would trust the opposition?

your enemy's enemy may not be your friend..

you ask.. so you will know.. when you know, you will not make the same mistakes.. and the opposition will be prone to the same mistakes because politicians are all basically self-serving bastards...

if you don't even want to know, you are fated to be taken advantage of by despots in different guises.. and you won't even know it...

your ignorance and your pride in your own ignorance.. and your belligerence speaks volumes...

now.. you rant against something.. but you don't know what.. you only know that some self-serving bastards took public money and wasted it.. what makes you so sure the opposition won't do the same?

sheesh..

your comment i call it " LPPL".

my enemy enemy though not necessary my friend need not be my enemy right?

if you ask someone who never give you the correct answer why bother to ask again? unless you are crazy? im definitely not. maybe u r.

mind you, maybe when you comment politicans are self serving bastards only relate to youself when u or if u become one.

we have all know TC has squandered 12 million dollar? why dont you open the your big fat mouth and tell us something that we dont know from the newspaper? tell me what i do not know?

please be polite when you speak to someone else, you parents could have teach you to be a better person than the PAP. can you?

ArtBoon SG

Guess I must save and pinch more so that my town council and statutory board can be fund managers.

EarlNeo SG

to be honest, i dun blame the town counicl for investing the moeny. Like all investment, there's always a risk involve. Else, inflation is just gona diminnish their funds. It is an honest mistake and someone will have to take the fall. We all like to go around witch hunting when thing goes wrong, such is the society we live in. Else, there wont be improvement if ppl think they can get away with lossing million of dollars.

But what surprise me is, town councils are actually so rich!!! 16 with 1b of sinking fund. and that is just sinking fund! Why are we still seeing old women/men sourcing paper cardboard, can, begging on our everyday life? Cant they take like 0.1% of this fund to feed them or provide for them?

sigh... a money driven society leader with very liitle compassion for those founder that once help build the city that they inherited.

ArtBoon SG

I wonder what is the job of town council and statutory board. To provide services to us or to invest money on behalf of us...

Mid9Sun SG

sigh... a money driven society leader with very liitle compassion for those founder that once help build the city that they inherited.

I understand your point and agree to a point.

I think if the surpluses are indeed "returned" to the people, people are more willing to accept losses that comes with risks.

The fact that TCs claimed they made much more profit then the losses incurred, then the questions are what happened to those profits and in way what they are used for the welfare of the people??

Mid9Sun SG

I wonder what is the job of town council and statutory board. To provide services to us or to invest money on behalf of us...

I wonder too, why are these non qualified people allowed to invest our $$$, aint GIC the apparatus for the govt to do any investment???

EarlNeo SG

so there is where our 2% extra gst goes..... for investment.... no wonder the poor need to be help so badly.... coffer is all time low again.... shall we round off the number to let say.. 10%

redDUST SG

If you all read "Today's" article which quoted this De Teo Ho Pin telling us to "be thankful" becos of the TC has invested an earn profit (despite recent losses) so we dun need to pay more.

Personally, after reading that, I have this feeling like a robber after robbing a woman and then tell her "be thankful" I didnt rape you.

agreed. the arrogance and his defensive posture has PAP written all over it.

dragg SG

and now the stat boards too.

anonymous_dickhead SG

Here the million dollar question everyone is asking...

If our stats boards and town councils are so farking rich that they can lose millions and that amounts to less than 1% of the "spare change" they have, why are we paying still paying so much tax, GST, conservation fees etc?

Is the government lying when they say they need to increase charges to "help the poor"? Or was it the code word for "I want to play with complicated investments"?

anonymous_dickhead SG

When town councils and stat board use fund provided to them by the government for public service for investments, is this considered as misappropriation of funds?

Where is the accountability?????

Dr Who SG

Singaporeans kena screwed ........again.....

charlize SG

Damn sad.

No accountability at all these days.

Anything goes.

Junyang700 SG

No wonder the swimming pool and stadium promised earlier in the elections not built in Bukit Panjang! Now can wait even longer for it to be built. =X

charlize SG

No wonder the swimming pool and stadium promised earlier in the elections not built in Bukit Panjang! Now can wait even longer for it to be built. =X

Wait for them to promise the same things again at the next election.

But only if you vote for them.

angel7030 SG

Wait for them to promise the same things again at the next election.

But only if you vote for them.

and provide they get more than 66.6%, then maybe they will built the public swimming pool for you, if not they will built their private pool and ask you to invest more on Singpore Pool.

charlize SG

and provide they get more than 66.6%, then maybe they will built the public swimming pool for you, if not they will built their private pool and ask you to invest more on Singpore Pool.

I guess the writing was on the wall when such an inauspicious number came up.

Throw in the bad feng shui design of the marina casino.

Double trouble.

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