TR EMERITUS

All this talk about Hyflux’s accounts and KPMG reminded me of another set of accounts that involved KPMG. Aljunied-Hougang Town Council (AHTC) is seeking to claim S$33.7 million of “improper” payments made to AHTC’s former managing agent FM Solutions and Services (FMSS) and contractor FM Solutions and Integrated Services... 

So, first impressions on the budget… Does little to nothing but reveals much. Let’s start with workfare “benefiting” 440,000. Really? What this shows is the government allows employers to pay workers below the cost of living and is then stepping in with public funds to cover the difference for a massive 20% of the workforce... 

Dr Tan Cheng Bock recently asked, “What’s happening to our reserves? Are our reserves all gone?” He will not get any answers because one of the country’s most closely guarded secrets is the nature and extent of the reserves. Even President Ong Teng Cheong came across a brickwall when he tried to find out about the reserves....