Category: Politik

  • GM Of Ang Mo Kio Town Council Under Lee Hsien Loong Suspended, Facing CPIB Probe

    GM Of Ang Mo Kio Town Council Under Lee Hsien Loong Suspended, Facing CPIB Probe

    Victor Wong, the general manager and secretary of Ang Mo Kio Town Council (AMKTC) has been removed from his duties and is under investigation by the Corrupt Practices Investigation Bureau (CPIB).

    He works for CPG Facilities Management, the managing agent of the town council, was asked to go on leave by his company after the town council received a complaint about him in September, town council chairman Ang Hin Kee told The Straits Times on Thursday (Dec 29).

    He added that the case had been referred to the CPIB and Mr Wong was removed from his positions at the town council last month.

    Mr Ang, who is an MP for Ang Mo Kio GRC, said the town council received a complaint in September about Mr Wong concerning “the way he handles contracts and dealings in the town council”.

    He added that the complaint “arose out of his dealings which relates to probable behaviour needing investigation done by CPIB”.

    “Needless to say, the town council ourselves will render all the assistance needed to ensure zero tolerance for corruption,” said Mr Ang.

    “There’s responsibility on the part of our contractors to do the job properly, if they do it inappropriately then we will take follow up actions with regards to getting them replaced (and) sending the case for investigation, making sure the necessary steps are taken.”

    Mr Ang declined to reveal details about the case, citing ongoing investigations, but said that the town council constantly reminded its staff to declare any interests concerning tenders that the town council was awarding.

    Staff from the managing agent were also reminded that “if there are declarations to be made, if there are interests to declare, the people involved (must) make those declarations”, he said.

    He added that the MPs of the GRC had made it a point to personally check on projects performed by its contractors, “so not 100 per cent is done by the managing agent with no oversight”.

    AMKTC is responsible for the housing estates in Ang Mo Kio GRC, which is helmed by Prime Minister Lee Hsien Loong.

     

    Source: www.straitstimes.com

     

  • Leong Sze Hian: $324.2b Owed To CPF Members?

    Leong Sze Hian: $324.2b Owed To CPF Members?

    I refer to the article “Why does Singapore have an external debt of US$1.766 trillion?” (Straits Times, Dec 28).

    Govt “invests all the proceeds which it has borrowed”

    It states that “A Government article on the subject explains that Singapore does not borrow to spend. Instead, it invests all the proceeds which it has borrowed.

    Total outstanding Government borrowings is S$436b

    The income which it earns from its investments is also more than sufficient to cover the debt servicing costs. As of March this year, the total outstanding Government borrowings stood at S$436 billion.

    The Government issues three types of domestic debts:

    * Singapore Government Securities to develop the domestic debt market;

    CPF is part of domestic debts

    * Special Singapore Government Securities to meet the investment needs of the Central Provident Fund, and

    * Singapore Saving Bonds to provide individual investors with a long-term saving option that offers safe returns.

    What is also important to note is that unlike some other countries which have to raise funds in currencies such as the US dollar or euro to balance their books, the Government does not have any foreign currency debts.”

    Amount due to CPF members is $324.2b

    According to the Department of Statistics’ Monthly Digest of Statistics – the Amount Due to (CPF) Members is $324.2 billion in October, 2016.

    This has been increasing steadily annually from $150.9 million in January 1961.

    % credited to CPF members – “na” from 1961 to 2001?

    The Interest Credited to CPF members is shown as “na” from January 1961 to December 2001.

    % in 2002 was 2.6%?

    For January 2002 – the Interest Credited was $238 million over the Amount Due to Members of $92.9 billion.

    This works out to an annual interest of only about 2.6 per cent.

    % in 2006 was 3.1%?

    Similarly, for October 2016 – the Interest Credited was $1.02 billion over the Amount Due to Members of $324.2 billion.

    This works out to an annual interest of about 3.1 per cent (up to October).

    Real % was 0.5% from 2001 to 2015?

    Since inflation from 2001 to 2015 was about 2 per cent per annum (CPI 2015 99.461 divided by 2001 75.568) – does it mean that the real annualised rate of return on our CPF Ordinary Account is only about 0.5 per cent (2.5 – 2.0) per annum?

    Lowest real % of all national pension funds in the world?

    Is this the lowest real rate of return of all national pension funds in the world since 1999 – the year that I understand that the CPF Ordinary Account interest rate has remained at 2.5 per cent until now?

    Returns from investing our CPF?

    What is the annualised rate of return derived from investing our CPF funds since 1999?

    In this connection, I would like to quote again – “A Government article on the subject explains that Singapore does not borrow to spend. Instead, it invests all the proceeds which it has borrowed“.

    Cumulative returns from investing our CPF vs % to CPF members?

    What is the cumulative difference between the annualised rate of return derived from investing our CPF funds since 1961 (when CPF started) to today, and the annualised rate given to CPF members?

    In absolute numbers on a cumulative basis with interest – how much money are we talking about over the last 55 years?

    No transparency and accountability?

    Are we the only developing or developed country in the world that is arguably non-transparent, as there is no disclosure on the rate of return derived from our pension funds relative to the weighted average interest rate paid on all our CPF accounts (Ordinary, Special, Medisave and Retirement accounts)?

    $324.2b owed to CPF members?

    Also, does it mean that our domestic debt owed to CPF members is $324.2 billion?

     

    Source: http://leongszehian.com

  • Benjamin Netanyahu Slams John Kerry’s Speech, Thanks Donald Trump For Friendship

    Benjamin Netanyahu Slams John Kerry’s Speech, Thanks Donald Trump For Friendship

    Israeli Prime Minister Benjamin Netanyahu took parting swipes Wednesday at the Obama administration, calling John Kerry’s earlier speech “unbalanced” but saying he had “no doubt” the alliance between the countries would endure despite disagreements.

    Earlier Wednesday, Secretary of State John Kerry defended the Obama administration’s decision to abstain from voting on a U.N. resolution condemning Israeli settlement activity in areas Palestinians seek for a state. Allowing it to pass was seen by some as a slap to Israel. He questioned Netanyahu’s commitment to Palestinian statehood, which has been the basis for serious peace talks.

    “If the choice is one state, Israel can either be Jewish or democratic, it cannot be both, and it won’t ever really be at peace,” Kerry said.

    Kerry’s speech came amid the final days of an administration that has had tense relations with Israel. President-elect Donald Trump has vowed to repair the relationship. Trump has condemned Obama for allowing the resolution to pass and said Wednesday that the current president has put up “roadblocks” for Trump’s transition.

    Trump’s comments on U.S.-Israeli relations clash with past precedent in which presidents-elect did not comment on foreign policy until they took office.

    Netanyahu on Wednesday thanked Trump on Twitter for his “warm friendship” and “clear-cut support for Israel” after the president-elect tweeted that Israel should “stay strong” as his administration approaches.

    Netanyahu said Kerry’s speech was “almost as unbalanced” as the U.N. resolution, which he harshly criticized. He said that peace will not be achieved through speeches or U.N. resolutions but through direct talks.

    “Israel remains committed to resolving the outstanding difference between us and the Palestinians with direct negotiations,” Netanyahu said.

    He also contended that Kerry spent “most of his speech blaming Israel for the lack of peace.”

    In his speech, Kerry stressed that Obama’s commitment to Israel has been as strong as previous presidents, giving assurances that the Obama administration is not planning any other parting shots at Israel and saying it would not recognize Palestinian statehood. He did not focus only on Israel’s failings in the peace process, criticizing Palestinian leaders’ “incitement” of violence.

    Obama has expressed frustration about the growth of Israeli settlements, and Israel’s government has argued that curbing them should not be a precondition to peace talks.

     

    Source: www.cnbc.com

  • Singaporeans Must Get Out Of Comfort Zone, Explore Dying Trades

    Singaporeans Must Get Out Of Comfort Zone, Explore Dying Trades

    Masonry work is a dying profession in Singapore. I’ve not come across any Singaporeans doing it. Many of the tilers I know are Malaysians and Chinese.

    On good months, I paid my tiler 15-20k (that’s equivalent to a CEO’s salary of a medium size MNC). That’s just projects from my company. He does projects for other companies too.

    For any given masonry work, it’s the main contractor that provides the tiles, cement and other materials for the tiler’s usage.

    So basically the tiler has no other expenses except his tools of the trade and personal cost.

    It’s a wonder why this lucrative paying job is not taken up by Singaporeans. I guess sitting in an air-conditioned office earning $2-3k per month beats having dust and grimes on the face and clothes.

     

    Source: Khan Osman Sulaiman

  • Indonesia’s Elite Police Turning Tide On Militants

    Indonesia’s Elite Police Turning Tide On Militants

    JAKARTA (Reuters) – As the world battles a spike in assaults and plots by Islamist militants, Indonesia’s anti-terrorism unit is drawing praise for stemming a wave of bloody attacks in the sprawling Muslim-majority nation.

    Indonesia has foiled at least 15 attacks this year alone and made more than 150 arrests, disrupting plots ranging from suicide attacks in Jakarta to a rocket attack from Indonesia’s Batam island targeting Singapore.

    Going back to 2010, a Reuters analysis of data shows the elite unit, Special Detachment 88 (Densus 88), has prevented at last 54 plots or attacks in the nation of 250 million people, the world’s fourth largest.

    “Densus 88 has become better than pretty well any other counter-terrorism group in the world,” said Greg Barton, a terrorism export and research professor in Global Islamic Politics at Alfred Deakin Institute in Melbourne.

    “They have had an incredible workload and they have become remarkably good at what they do.”

    In the last six years, there has been only one major attack in Indonesia that caused civilian deaths, when assailants hit a Jakarta mall and police post with gunfire and bombs, resulting in the deaths of three Indonesians and a dual Algerian-Canadian national. All four attackers were also killed in the January 2016 attack.

    Between 2002 to 2009, there were nine major attacks by militants, leaving 295 dead and hundreds of others wounded.

    Since its formation in 2002, the unit has put a premium on clandestine intelligence gathering. Now much of that intelligence work is done online, by infiltrating and monitoring chat rooms, social media and messaging apps popular with militants.

    SELF-SUFFICIENT

    Few details about Densus 88 are publicly available.

    “We built our organization to learn from the enemy,” said a senior counter-terrorism officer who provided some insight into the working of the unit but spoke on condition of anonymity.

    Created in the aftermath of the deadly 2002 Bali bombings that killed more than 200 people, Densus 88 has about 400 to 500 members, state-of-the-art weaponry and training, said another official. It has received more than $200 million of funding from Western allies such as Australia and the United States.

    The unit is headed by a task force, a core of 30 or so senior members, said the Indonesian law enforcement source.

    “Many of them possess doctorates and have specialties like psychology and social behaviour,” the source added. “They are not like regular police.”

    The black clad, heavily armed members of Densus 88 sometimes seen during raids on suspected militant hideouts make up a small proportion of the unit, officials say.

    Far more personnel are dedicated to gathering intelligence in the field and monitoring communications and online activity. There is also a large team of investigators analysing that intelligence and forensically examining explosives and other evidence.

    Sidney Jones, the director of Institute for Policy Analysis of Conflict (IPAC), said the key to Densus 88’s success lies in its intelligence gathering.

    “They know the radical networks and have a good set of informers,” she said.  “It is unparalleled in terms of its ability to understand the sources of possible threats.”

    Despite Densus 88’s recent successes, the worry is that the militant threat to Indonesia is mounting as Islamic State fighters return battle-hardened from Syria and Iraq. The ultra-radical group also commands support from some Indonesians who have stayed at home.

    About 800 Indonesians have travelled to Syria to join Islamic State and 169 have been stopped en route and deported, according to Indonesia’s national counter-terrorism agency.

    In the past two months alone, there have been 40 arrests, and at least six attacks foiled, according to the Reuters study, which collated data with the assistance of IPAC staff. At least two of the attacks were planned for New Year’s Eve, police said.

    Many of these plots have been linked to Islamic State, with police alleging they were inspired, if not directed, by Bahrun Naim, an Indonesian militant who fled to Syria about two years ago.

    “These new homegrown terrorists and the local jihadists have never gone abroad. But with the advent of the Internet age and technologies like social media, it’s easier to make bombs and explosives to do operations,” said the law enforcement source.

    Authorities remain deeply worried about an attack during the holiday season.

    In the longer term, the worry is the possible return of hardened Islamic State fighters like Naim to the region.

    “They will be a different type of terrorist and the police are going to have a lot more problems,” said Indonesian analyst Rakyan Adibrata.

    Source: https://sg.news.yahoo.com

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