Why is the Lift replacement cost so much for HDB upgrading then others at $200,000 to $250,000.
Because it all an excuse and an explanation of PAP wrongdoing for a supposedly good course ( A DISTRACTION TACTIC )
PAP supposedly have all the talented ppl with high salary then why and how something can go wrong
Pasir Panjang always is late in getting any upgrading and now it would be never and none. Actually this estate are mostly from the "mountain people" in chinese and complacent and PAP likes to treat them "Bodoh"
Let's be fair. And if we don't want to be fair, let's be realistic. While it's certainly a lot of money, it's less that 1% of the total under investment. How many fund managers have had only 1% of their total investments go bad in this once-in-a-century financial climate?
TCs are better off just putting their sinking funds invested with GIC who's investments are earning way more than that 2.9%. Or even SGP Gov bonds. Why get their feet into high risk products? Looks like even the TCs finance experts can get it wrong not just the older SGP citizens.
Given that the respective MPs are in charge of the TCs, if people feel strongly about the losses, they can reflect that in the next elections instead of wringing their hands and whining. Note that the opposition MPs were deliberately interviewed as well. If their TCs had also lost money, they would have been torn apart by the ruling party.
Please explain:Highly qualified TC investing public fund in high risk product? mishandling? Or... we want to term this as Low Risk product but mis-selling?
Is the just declared 35% cap in investment give the TC's management right or justification to gamble away the people's hard earned monthly paid SC fee ? Is there no other safer product(s) in the market to choose from when presumably TC's management walk into the troubled product(s) with their eye open?? I believe it is high time the responsible ministry should revisit it's policy on the do and don't on this matter especially when it concerns the people's hard earned money. In this case the hard earned money of the general wage earners on the street for that matter.
9 in the market that can yield a reasonable returns
Quote <<Ms Fu also said TCs' investments must be made on the advice of a qualified person, like a licensed investment adviser.
About a dozen financial experts advised Pasir Ris-Punggol before it invested $4 million in the Lehman Minibond Series 2 and 3 late last year.>> Unquote
we also make our investments base on licensed investment adviser - Relationship Manager. we make wrong investments, so do our garmen.
November 18, 2008 Tuesday, 04:55 AM
