IDENTIFY PAP'S WEAKEST LINK IN TAMPINES GRC - VOTE NOW! (Updated -Baey Yam Keng included)
If there’s a competition for the most “endangered” Minister, National Development Minister Mah Bow Tan will definitely be in a neck-to-neck race with Wong Kan Seng to win it. Mah has been made public villain for causing the sky-rocketing prices of public housing. His fortune as a politician is fast sinking and he may well be the one to bring down the PAP GRC at Tampines, despite being its anchor minister.
The sinking ship at Tampines GRC has meanwhile lost two incumbent MPs, Ong Kian Min and Sin Boon Ann, who presumably prefer refuge outside politics. Facing the line of fire (figurative) instead are the unproven Steve Tan and Heng Swee Keat, who hail respectively from the usual PAP incubators in the NTUC and Civil Service. They join the almost pedestrian Masagos Zulkifli and Irene Ng in a difficult mission to rescue Mah’s political demise.
But will they be up to the task? Who is The Weakest Link? Your votes will determine.
Update 27 April:
Lee Hsien Loong’s earlier declaration that the PAP had confidently named all its candidates way ahead of nomination day provided to be false. It withdrew in the last minute on nomination day rookie Steve Tan from the Tampines GRC and replaced him with Baey Yam Keng from Tanjong Pagar. Tan cited “personal reasons” for quitting, but the possibility that Baey was taken out from Tanjong Pagar, where the PAP has a walkover, and thrown into the deep end to rescue PAP’s grip on Tampines GRC remains.
Because of this disruption, we decided to re-set the game for Tampines, with Baey replacing Tan in the running for your choice of The Weakest Link.
Candidate 1: Baey Yam Keng
Baey is the Managing Director of one of the largest public relations firm in Singapore. At the height of the debate over Section 377A of the Penal Code, Baey spoke up passionately at a forum against the law banning homosexual sex, saying he would vote to repeal it if Parliament took a vote. Baey was later lambasted by members of the public, who reminded him of his responsibility as MP to represent the will of the majority, and not his personal view.
Highest Education Qualifications
M.Sc (Distinction) (University College London)
Career
1995-2003 | Economic Development Board, last appointment was as Director (London) |
2003-2006 | Director, Creative Industries Singapore, Ministry of Information, Communications & the Arts |
2004-2006 | Second Director, Planning, National Arts Council |
2006-2008 | Vice President (Corporate Marketing) / Vice President (Corporate Social Responsibility), CapitaLand Limited |
2010-2011 | Deputy Managing Director, Hill & Knowlton |
2011 | Managing Director, Hill & Knowlton |
Board Directorship
Board Director, STET Homeland Security Services (part of ST Electronics)
Other Key Appointments
Exco Member, Central Singapore Community Development Council (CDC)
Director, Chinese Development Assistance Council,
Member, REACH Supervisory Panel member
Director, Asian Civilisations Museum
Member, Advisory Council Avelife (Limited)
Founding President, The ETCeteras
Candidate 2: Heng Swee Keat
Heng is seen by the PAP as the life-buoy thrown in to save the deeply unpopular Mah Bow Tan. He is touted by Goh Chok Tong to be of ministerial potential and appears so, on paper. The former Singapore Police Force scholar underwent a spell as Principal Private Secretary to Lee Kuan Yew before scaling the heights as Permanent Secretary at the Trade Ministry and finally as Managing Director of the MAS. Many Singaporeans of course remember painful losses suffered through structured financial products like the Lehman “Minibonds” due to the inadequate regulation by the MAS during Heng’s watch. The personal losses of wealth does not yet include the MAS’ investment setbacks, including a net loss of $9.2 billion Singapore in the financial year ending March2009 alone. Meanwhile, Heng enjoys life amidst high society popularity being in The 300 List of Asia Tatler’s “Who’s Who in Singapore”.
Highest Education Qualifications
Master of Public Administration from the Kennedy School of Government, Harvard University
Career
Past | Senior police officer |
1997 | Ministry of Education. |
1997-2001 | Prime Minister's Office. Principal Private Secretary to then Senior Minister Lee Kuan Yew |
2000 | Deputy Secretary, Ministry of Trade and Industry |
Jan 2001 | CEO, Trade Development Board (IE Singapore) |
Permanent Secretary, Ministry of Trade and Industry | |
Jun 2005-Mar 2011 | Managing Director, Monetary Authority of Singapore |
Other Key Appointments
Board Member, Monetary Authority of Singapore (MAS)
Alternate Governor at the IMF
Member, IMF's Asia and Pacific Advisory Group
Member, Financial Stability Board
Member, Governor's Board overseeing the Basel Committee on Banking Supervision
Chairman, Singapore’s Institute of Banking and Finance
Candidate 3: Masagos Zulkifli Bin Masagos Mohamad
Prior to his entry into politics, Masagos spent almost two decades with SingTel. There he spent time managing the less than successful subsidiary companies in East Indonesia and Australia. Since then, Masagos has like most of PAP’s Malay leaders been playing no more than a second fiddle in the political set-up.
Highest Education Qualifications
Master (Electrical Engineering) (National University of Singapore)
MBA (IBEAR) (University of Southern California)
Career
1988-2006 | Eight different roles at Singapore Telecommunications Ltd (SingTel) - last appointment CEO/Vice-President (SingTel Global Offices) |
Government Office
|
Other Key Appointments
President, PERDAUS (Association of Adults Religious Class Student of Singapore)
Candidate 4: Irene Ng Phek Hoong
Ng is formerly a reporter with The New Paper tabloid and Senior Political Correspondent at the Straits Times. In 2006 she infamously branded Opposition MPs as “troublemakers” and refused to apologise when confronted by Low Thia Kiang for her unsubstantiated accusation. Soon after being re-elected that year, the Penang-born ex-Malaysian left behind her responsibilities as MP to do a three-month fellowship at the University of Edinburgh, where she met her Scottish husband. Ironically, he listed one of the reasons for being attracted to Ng was “her commitment to her work as an MP and the people she represents, particularly those who are less fortunate".
Highest Education Qualifications
M.Sc in International Relations, London School of Economics & Political Science
Career
1990 | Journalist, The New Paper, Singapore Press Holdings |
1993 | Correspondent, The New Paper, SPH |
1997 | Senior Correspondent, The New Paper, SPH |
1998 | Senior Political Correspondent, The Straits Times |
2001 | Senior Manager, Editorial Services Unit, SPH |
2002 | Director of Programmes / Senior Research Fellow, Singapore Institute of International Affairs |
2003 | Managing Editor, NTUC Media |
2006 | Director (Special Duties), NTUC |
2009-Present | Writer-in-Residence, Institute of Southeast Asian Studies (ISEAS) |
Other Key Appointments
Member, Board of Directors, Esplanade
Member, Advisory Board and Council of National Youth Achievement Award
Patron, Singapore Amateur Cycling Association
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A conservative investor bought a financial product from a financial institution with the understanding (from the sales brochure and newspaper advertisements) that it is a long term bond issued by six leading banks. The bond pays 5.1% interest per year for a 5-year tenure.
ReplyDeleteHe discovered later that the product he bought is not a bond. And worse, it is bad or toxic.
The product he bought is a very high risk complex financial product. A group of “elites” (financial and legal experts) is responsible for the drafting of the newspaper advertisements, sales brochures and prospectus so that it appears similar to those low risk bonds issued by banks.
The investor complains to the authorities, but the authorities is having an opinion that he must be invested with his eyes open because he did not satisfy the conditions of “vulnerable investors” (i.e. education level must be below primary 6 and age must be 65 or above).
The authorities did not investigate into the complaints of misleading advertisements, sales brochures and the quality of the product (whether bad or toxic). Instead, it is more interested in how the financial institutions train their sales staff.
The group of “elites” and their associates managed to create an impression that the victim is greedy and has unrealistic expectation (such as expect high return and no risk …).
The poor investor not only lost most of his 30-years hard earned money, but also deeply humiliated.
In Public Housing, former ND ministers Lim Kim San or even the disgraced Teh Cheng Wan did a better job to provide a roof over the ordinerary citizens. Most land banks were acquired at dirt cheap of around 30 cents psf. With SER and repeated rezoning of master plan to increase density, there is no ground for the current high cost of flats.Linking public and private housing is the main root cause.There is a mis-match of population increase and housing stocks and gross mismanagement. COV of flat in resale is just fooling the public.Assets increase is just a piece of cake on the wall. You cannot take and eat it, not even to mortgage your property for loan during old age. You end up paying more tax instead!!
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