Glossing over conflicts of interest
March 7th, 2023 | 
Author: 
Mdm Ho Ching
I read with interest The Independent Singapore’s OPINION, “Glossing over conflicts of interest, Ho Ching for President, tents as affordable housing instead of flats and other stories in review” (Feb 25).
The recent Temasek’s investment loss of $275 million in the collapse of cryptocurrency exchange FTX was perceived by the people as disappointing, sad, incomprehensible and damaging for Singapore.
Besides, according to the South China Morning Post, dated 16 August 2022, Temasek Holdings’ stock bets also incurred steep paper losses on BlackRock, Amazon, PayPal and Airbnb.
In due course, Temasek Holdings’ stock bets shrank by about US$5.6 billion, the most in 17 years, amid Fed hikes and recession fears.
Given the fact that Temasek has the necessary financial resources, a galaxy of talent in the fields of financial planning, investment and management, it should be more prudent in its undertakings/investments.
If these huge sums were not lost in the investments, and therefore could be meaningfully channeled into helping the needy low-income groups or households of Singaporeans with financial predicament, I deeply believe many Singaporeans would benefit from it.
Whether or not Madam Ho Ching, the prominent figure who had been helming the top leadership of Temasek Holdings for at least 18 years would take part in the forthcoming Presidential Election? Let us wait and see. As the saying in Chinese Allegory nicely describes it “Treat a ponytail as a string” – Let nature take its course.
And, the possible outcome of the presidential election is also duly depicted in a Chinese Allegory as, “A watermelon is being firmly gripped in the arms”- sure win.
Indeed, we have to recognise the fact that only a few Singaporeans are interested, qualified and willing to throw their hats into the ring. It is mainly due to those qualified Singaporeans are apathetic to the “dirty” politics.
As of the matter – the Member of Parliament Tin Pei Ling has been appointed as Grab’s Director of Corporate Development is generally perceived by the netizens as “Putting on a felt hat in the summer”; as it could have possibility of a conflict of interest with her role as a MP.
Anyway, the current spiraling housing costs have been commonly perceived by most Singaporeans, especially the younger couples as “A castor is being knocked over” (they won’t be able to do anything about it).
Moreover, it seems that the situation is stagnant and could get worse if no better solutions sought.
Teo Kueh Liang (Mr)
Posted in 
This is a sure way to a corruption society.
First the very top taking very good care of its own.
The next level below will follow suit.
Then the next & the next.
Soon every level will want to take care of themselves & their own.
Well done lhl.
Lky must be so proud of you.
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CONFLICT OF INTERESTS TURN QUICKLY CONFLATE OF INTEREST$$$.
WE ARE $INgaporeans.
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Pap’ national ideology of ” united ness” of citizenry that was so prevalent in the early decades meant to divert attention away from themselves. It soon broke down in the mid 2000s when people had access to internet and woke up from their slumber sleep that they were being manipulated to feed the flawed economic ideals of pap. Exceberated by the 2008 financial crisies and influx of foreign immigrants, mass retrenchment and job layoffs in the next few years lead to the 2011 watershed drop in pap votes.However they were take in. By lky propaganda following his death in 2015.
Then a second inning of this wake up call came as , each person in the system began to start looking after himself just like the top ranks in society always did. This is breakdown of society that would follow in 2020 election when the typical pap tactics failed to garner significant votes that would be higher than anamoly result of 2015 GE and beyond to 2020 GE.
I can’t help but observe that nowadays the people especially the younger generation are more selfish and self centered m they no longer have this patriotism and national unitedness of the boomer generation. Pap already lost it. It’s just a matter of time before they are out and the gradual road to their downfall had begun
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pap pays each other very well.
when times are good and everything makes money, pap says they happen due to pap talent and pays each other 24 months GDP bonus.
when times are bad and everything loses money, pap says they happen due to market and continues to pay each other 24 months GDP bonus.
no wonder every ffffing pap policy hurting sinkies pap says the policy is AFFORDABLE.
sinkies who vote pap into power are the stupidestest humans.
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Meanwhile from the shit times…
https://www.straitstimes.com/singapore/transport/450-unused-motorcycle-coes-to-be-reintroduced-in-may-to-july-quota-boosting-supply
Opposition Leader, Pritam Singh:
MOT, Iswaran:
So the poor subsidising the rich is OK but the rich subsidising the poor is a “zero-sum exercise”. Thank you Minister, another lesson learnt.
So while the top take care of themselves and their rich kakies, the dafts continues to be blur like sotong.
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Ok, ok, we learn something.
1 motorcycle = 1 tiny 2 seater car = 1 giant 12-seater limousine = 1 bus
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Actually, from what I recalled, it’s a 4 motorcycle COEs to 1 vehicle COE conversion rate.
The scholar who came up with this idea must be a genius at earning $$$ and squeezing blood from the dafts.
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If they use this rate to convert from car to motorcycle, they lose money. When they have to lose money, they talk nuts. What zero sum?
4 motorcycle COE, about $50k.
1 car COE, about $100k.
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Nice and Great picture of Jiang Ching oops Holee Jinx!
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Conflict of interests is a rather grave reason that only truly independent sgs can stand for the EP.
IT is a heavier consideration than a flimsical barrier than the $500million barrier.
Conflict of interests is the most important condition for the EP to guard our National Reserves from abuses by a sitting govt.
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Watch this Tik Tok on how American bank Silicon Valley Bank has collapsed -”https://vt.tiktok.com/ZS8Cp7vWt/” .
Is our Straits Times reporting it out?Does Singapore has any business or massive deposits with Silicon Valley Bank ?Better withdraw it fast
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Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which a bank run and a capital crisis led to the second-largest failure of a financial institution in US history.
Shocking. 2 days. So fast. 2nd largest in US history. Shocking.
Do Singapore banks also face this kind of risk? Our bank deposit insurance is a miserable small amount.
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When people in high positions are related to each other,objectivity is absent. HC should quit from all her positions as the public does not want her or regard her as competent to hold any of the many positions she holds because of her marriage to LHL. Just like the ST that the public does not want or support HC should stop holding onto the coat tails of her husband. She is a disgrace to all women in being unable to be able to carve out her own career path. The loss to taxpayers ‘ funds will only continue if appointments are done based on personal relationships. We citizens should also take responsibility as 61% voted and supported the PAP with full knowledge of their kind of governance.Only our votes can change the predicament that we are in.
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Reported on Tik Tok-”https://vt.tiktok.com/ZS8Xy1Sqg/”.
Watch the link on Silicon Valley Bank collapse affecting surrounding banks in America that has no cash to withdraw too.Tik Tok video suggest America is not going to support crypto so all of you better beware .Ask whether Singapore is still supporting crypto .All of you better beware of crypto if it is still continuing in Singapore .Don’t wait till all your reserves all lost due to crypto and you all have nothing left to pay your annuities oayment,….or whatever ! Ask Ho Ching if Silicon Valley Bank bankruptcy affect those investments in America and did Singapore suffer any losses by GIC ,….whatever. And such big second largest America bank going bankrupt,but all our news media hardly reports ,why ?
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Wow Tik Tok show another US Signature bank fall and collapse and this involved in crypto .Link -”https://vt.tiktok.com/ZS8XCQ8xq/”
Singapore government still continue to involve in crypto shows how dumb Singapore government is .And all you dumb Singaporeans better wake up Ho Ching before all your reserves are all gone.Imagine if your reserves are all gone,your neighbouring countries are not going to give you any food ,remember that !
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Both Hapan and China are now rapidly throwing out American debts,bonds,dollar or whatever.American dollar may coming soon has much lesser value to the world.Is Singapore still holding massive American debts,bonds or dollars ? Better wake GIC and Ho Ching up before all your reserves are all gone holding too much American debts that nobody wants .Tik Tok link -”https://vt.tiktok.com/ZS8416tdx/”
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Actually it is more important to put the most capable person to solve Singapore problem…be it due to the World mess/conflict ,climate change or our aging population.
We live in a dangerous World.
Real Talent is not easy to find or replaced.
Appreciate them.
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We will have a Mahathirite government soon. If Singaporeans do not wake up. It is like the frog in increasingly warm water UNTIL IT IS COOKED!
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