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Accounting for town councils’ investments – do your part
TOC urges S’poreans to query town councils on investments.
I am doing this not for TOC, not for my cat or fish but for Myself! Yes, I owe it to myself. – Comment posted on TOC. (See below)
Last week, TOC published an editorial entitled: Our money, our right to know. This highlighted the inadequate response of the coordinating chairman for the PAP Town Councils (TC), Dr Teo Ho Pin when queried about TC investments. He stated that he could not reveal TC investment strategies.
Subsequently, Minister for National Development Mah Bow Tan has publicly contradicted that position, telling the Sunday Times that:
‘Each town council has the duty to explain to its residents how it invests its funds, what is its philosophy, what are the risks it takes’. (Sunday Times, Nov 23)
Some may be tempted to be cynical, and dismiss this statement by Minister Mah as an attempt to bring closure to this issue. But TOC believes that this is a good opportunity for citizens to demand some accountability from our elected representatives.
Hence, we have prepared a template letter that you can use to request your own TC for full information on investments that they may have made. The MPs are our elected representatives, it is our money that they are investing, and it is our right to have this information.
You may cut and paste the template provided below and either email or snail-mail to your respective TCs. If possible, please send an email copy to TOC ( [email protected] ), so that we can track the number of queries that have been sent. Please also keep TOC updated on any responses that you receive; we will collate this information on the investment of public funds, and make it publicly available. Singaporeans deserve this transparency.
Choo Zheng Xi/Editor-in-Chief
———–
Template
To: The Town Council Chairperson
Re: Investments of sinking funds
Dear Sir / Madam,
I am a resident of the Town Council which you chair. In light of the recent revelations in Parliament about certain Town Councils having exposed their sinking funds to troubled structured products that may now be worthless, I would like to ask for details on how the funds that have been collected from residents over the years are being invested.
Specifically, I would like to request for the following information:
1) Full and transparent disclosure of all investments currently held by the Town Council (whether they are structured products, stocks, bonds, fixed deposits or others), made using sinking funds
2) In particular, whether sinking funds have been used to invest in any structured products that are not related to Lehman Brothers, but which may now be at risk
3) The performance of the Town Council’s investments over the past three years, and whether these performance figures are based only last audited figures or include recent investment losses and/or write-offs
4) What would the performance have been, if the Town Council had used all investable funds to purchase 10-year SGS bonds instead
5) Who were the qualified persons who had advised the Town Council on its investments, and how were they appointed
6) Whether the Town Council had purchased securities or otherwise placed any investments with these qualified persons, and if so, how the Town Council had addressed the apparent conflict of interest
7) Whether the Town Council believes that it had been missold any investments (whether related to Lehman Brothers or otherwise), and if so whether the Town Council intends to take action for such misselling.
8 ) Whether there are any minutes or records of the Town Council’s deliberations on decisions to invest in structured products, and if so whether the Town Council intends to disclose them
I would like to remind you of the statement made by Minister for National Development Mr Mah Bow Tan:
“Each town council has the duty to explain to its residents how it invests its funds, what is its philosophy, what are the risks it takes”. (Sunday Times November 23)
I trust that you would agree that we residents deserve nothing less than full transparency and a complete accounting of what has happened, so that we can rest assured that our sinking funds have been appropriately handled.
I look forward to your early reply.
Yours Sincerely,
(Name)
(Address, Constituency)
———–
Addresses and emails of town councils and Members of Parliament
Aljunied TC
Serangoon North Office, Blk 147 Serangoon North Avenue 1, #01-421 , S550147
Fax: 6288 2009
Chairman: MDM CYNTHIA PHUA : [email protected]
Ang Mo Kio-Yio Chu Kang Town Council
Ave 10 Office
Blk 528 Ang Mo Kio Ave 10, #01-2385, S 560528
Tel: 6456 1633, Fax: 6456 1225
Chairman: MR INDERJIT SINGH : [email protected]
West Coast-Ayer Rajah Town Council:
Clementi Office
Block 444 Clementi Avenue 3, #01-123/125
S 120444
Tel: 1800-776 0271
Fax: 6775 1814
Chairman: MR ARTHUR FONG : [email protected]
Tanjong Pagar TC:
Block 166 Bukit Merah Central, #03-3527 , Singapore 150166
Tel: 6272 6415, Fax: 6272 6415
Chairman: ASSOC PROF KOO TSAI KEE : [email protected]
Hong Kah Town Council
309 Choa Chu Kang Ave 4, #02-02 Choa Chu Kang Centre
Singapore 680309
Tel: 6764 3295, Fax: 6764 7208
Chairman: MR ANG MONG SENG : [email protected]
Jurong Town Council
Main Office
Blk 255 Jurong East Street 24, #01-303 , Singapore 600255
Tel: 6561 2222, Fax: 6562 4997
Chairman: MDM HALIMAH YACOB : [email protected]
Pasir Ris-Punggol TC
Pasir Ris Office
Blk 577 Pasir Ris St 53, #01-88, Singapore 510577
Tel: 6585 4938, Fax: 6585 4937
Chairman: DR AHMAD MOHD MAGAD : [email protected]
Sembawang TC
Woodlands Office
Blk 306A Woodlands St 31, #02-00, S(731306)
Tel: 6368 3100, Fax: 6368 2271
Chairman: MR HAWAZI DAIPI : [email protected] , [email protected]
Bishan Toa Payoh TC
Toa Payoh Office :
Blk 125A #01-134, Toa Payoh Lorong 2, Singapore 311125 Tel : 6259 6700, Fax : 6259 9626
Chairman: MR ZAINUDIN NORDIN : [email protected]
Jalan Besar TC
Geylang Bahru Office , Blk 70, Geylang Bahru , #01-2719
S(330070)
Tel: 62989222 / 1800-2989603
Fax: 6293 2117
Chairman: DR LILY NEO : [email protected]
Vice-Chairman: MS DENISE PHUA LAY PENG : [email protected] , [email protected]
Marine Parade TC
Main Office
Blk 50 Marine Terrace, #01-265, Singapore 440050
Tel: 6241 6044, Fax: 6444 0919
Chairman: DR ONG SEH HONG : [email protected]
Holland-Bukit Panjang TC
Ulu Pandan Office
170 Ghim Moh Road, #06-02, Singapore 279621
Tel : 6 416 7900 , Fax : 6416 7911
Chairman: Teo Ho Pin : [email protected]
East Coast TC
Block 206 Bedok North Street 1 , #01-353 , Singapore 460206
Tel: 1800 444-9549 , Fax: 6444-0775
Chairman: MS TAN SOON NEO, JESSICA : [email protected]
Tampines TC:
Block 136 Tampines Street 11, Singapore 521136
Fax : 6783 2208
Chairman: MR ONG KIAN MIN : [email protected]
Potong Pasir TC:
Tel: 6284 5000
Fax: 6284 5161
MR CHIAM SEE TONG : [email protected]
Hougang TC
Hougang Avenue 2
Singapore 530701
Tel: 6286 3533
Fax: 6283 2678
MR LOW THIA KHIANG : [email protected]
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Indonesia
Miss Universe cuts ties with Indonesia chapter after harassment allegations
The Miss Universe Organization severs ties with Indonesia franchise due to harassment claims. Malaysia edition canceled.
Women allege body checks before pageant. Investigation launched. Safety prioritized.
Indonesia winner to compete in November finale. Height requirement controversy.
WASHINGTON, UNITED STATES — The Miss Universe Organization has cut ties with its Indonesia franchise, it announced days after allegations of sexual harassment, and will cancel an upcoming Malaysia edition.
In the complaint, more than a half dozen women said all 30 finalists for Miss Universe Indonesia were unexpectedly asked to strip for a supposed body check for scars and cellulite two days before the pageant’s crowning ceremony in Jakarta.
Their lawyer said Tuesday that five of the women had their pictures taken.
“In light of what we have learned took place at Miss Universe Indonesia, it has become clear that this franchise has not lived up to our brand standards, ethics, or expectations,” the US-based Miss Universe Organization posted Saturday night on social media site X, formerly known as Twitter.
It said that it had “decided to terminate the relationship with its current franchise in Indonesia, PT Capella Swastika Karya, and its National Director, Poppy Capella.”
It thanked the contestants for their bravery in coming forward and added that “providing a safe place for women” was the organization’s priority.
Jakarta police spokesman Trunoyudo Wisnu Andiko said Tuesday that an investigation into the women’s complaint has been launched.
The Indonesia franchise also holds the license for Miss Universe Malaysia, where there will no longer be a competition this year, according to the New York-based parent organizer.
In a lengthy statement posted to Instagram, Indonesia franchise director Capella denied involvement in any body checks.
“I, as the National Director and as the owner of the Miss Universe Indonesia license, was not involved at all and have never known, ordered, requested or allowed anyone who played a role and participated in the process of organizing Miss Universe Indonesia 2023 to commit violence or sexual harassment through body checking,” she wrote.
She added that she is against “any form of violence or sexual harassment.”
The Jakarta competition was held from 29 July to 3 August to choose Indonesia’s representative to the 2023 Miss Universe contest, and was won by Fabienne Nicole Groeneveld.
Miss Universe said it would make arrangements for her to compete in the finale, scheduled for November in El Salvador.
This year’s Indonesia pageant also came under fire for announcing a “significant change in this (year’s) competition guidelines” with the elimination of its minimum height requirement after it had crowned a winner.
In its statement, the Miss Universe Organization said it wanted to “make it extremely clear that there are no measurements such as height, weight, or body dimensions required to join a Miss Universe pageant worldwide.”
— AFP
Malaysia
A Perodua service centre in Kuantan, Malaysia went viral for its strict dress code, Perodua responds
A dress code for vehicle servicing? A Malaysian car brand’s service centre dress code signage has puzzled netizens, raising queries about the need for attire rules during a routine service.
The manufacturer responded with an official statement after a flurry of comments, seeking to clarify and apologize.
MALAYSIA: A dress code signage positioned at a service centre belonging to a prominent Malaysian car brand has sparked bewilderment among Malaysian netizens, who question the necessity of adhering to attire guidelines for a simple vehicle servicing.
The signage explicitly delineates clothing items that are deemed unsuitable, including sleeveless tops, short skirts, abbreviated pants, and distressed jeans.
The car manufacturer swiftly found itself flooded with comments from both inquisitive and irked Malaysian netizens. This surge in online activity prompted the company to issue an official statement aimed at clarifying the situation and extending an apology.
In a post that gained significant traction on the social media platform, politician Quek Tai Seong of Pahang State, Malaysia, shared an image to Facebook on Monday (7 Aug).
The image showcased a dress code sign prominently displayed at a Perodua Service Centre in Kuantan. Within the post, Quek posed the question: “Is this dress code applicable nationwide, or is it specific to this branch?”
The signage reads, “All customers dealing with Perodua Service Kuantan 1, Semambu, are requested to dress modestly and appropriately.”
Adding visual clarity to these guidelines, the sign features illustrative graphics that explicitly outline clothing items deemed unacceptable, including sleeveless tops, short skirts, short pants, and ripped jeans.
Delineating the specifics of the dress code, the signage stipulates that male visitors are expected to don shirts accompanied by neckties, opt for long pants, and wear closed shoes.
Conversely, female visitors are advised to don long-sleeved shirts, full-length skirts, and closed-toe footwear.
Perodua’s dress code sparks online uproar
Following the rapid spread of the post, Perodua’s official Facebook page found itself inundated with comments from both intrigued and frustrated Malaysian netizens, all seeking clarifications about the newly surfaced dress code policy.
Amidst the flurry of comments, numerous incensed netizens posed pointed questions such as, “What is the rationale behind the introduction of such regulations by the management? We demand an explanation.”
Another netizen expressed their dissatisfaction, arguing against the necessity of the rule and urging Perodua to take inspiration from the practices of other 4S (Sales, Service, Spare Parts, and Survey) automotive dealerships.
A concerned Facebook user chimed in, advocating for a more lenient stance, asserting that attempting to dictate customers’ clothing choices might not be in the company’s best interest.
Someone also commented in an angry tone, “Oi what is this? Going there for car service, not interview or working, right.”
As the discourse unfolded, it became evident that while some inquiries carried genuine weight, others chose to inject humor into the situation, playfully remarking, “If I wanted to buy a Myvi, I should buy or rent a formal attire first.”
“I sell economy rice at a hawker centre, I have never worn a long sleeve shirt and a tie… I guess I will not buy a Perodua car then.”
“I guess they will not serve those who wear short pants.”
Perodua addresses dress code controversy
As reported by Chinese media outlet Sin Chew Daily News, the manager of Kuantan’s Perodua Service Centre had acknowledged that the images on the dress code signage were misleading.
In response, the manager divulged that discussions had transpired with the head office, leading to the prompt removal of the signage to prevent any further misconceptions.
The manager clarifies, “We do encourage visitors to adhere to the dress etiquette, but we won’t go to the extent of restricting their choice of attire.”
He also revealed that currently, no complaints have been directly received from the public.
However, feedback from certain customers was relayed through Perodua’s agents.
Perodua also released an official statement by chief operating officer JK Rozman Jaffar on Wednesday (9 Aug) regarding the dress code on their official Facebook page.
The statement stated the dress code etiquette is not aligned with their official guidelines and they are currently conducting an official investigation on the matter followed by corrective measures to avoid the same incident from happening.
Perodua also extends its apologies for any inconvenience caused.
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