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27-09-2015, 01:00 AM
An honorable member of the Coffee Shop Has Just Posted the Following:

http://www.tremeritus.com/2015/09/24...millions-away/ (http://www.tremeritus.com/2015/09/24/increasing-scc-how-the-pap-took-126-millions-away/)

Increasing S&CC: How the PAP took $126 millions away (http://www.tremeritus.com/2015/09/24/increasing-scc-how-the-pap-took-126-millions-away/)

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September 24th, 2015 | http://www.tremeritus.org/wp-content/themes/WP_010/images/PostAuthorIcon.png?7f8cff
Author: Contributions (http://www.tremeritus.com/author/contributor/)



A few days ago, I wrote about how there is no need for the PAP to raise the service and conservancy
charges (S&CC) (http://http//thehearttruths.com/2014/03/04/increasing-scc-the-government-making-singaporeans-pay-more-to-earn-from-us/) for their town councils because they are already earning
surpluses from Singaporeans.

In fact, the PAP has total accumulated surpluses of $58 million, so why do
they want to make Singaporeans pay more when they have millions more?

In fact, the PAP claimed that “surpluses have been
in the decline over the years (because of) … continuously rising maintenance and
operation costs”. Yet, when you look at their annual reports, the PAP’s
surpluses have actually increased – from at least $40 million to $58
million!
http://www.tremeritus.org/wp-content/uploads/2015/09/Roy1-640x480.jpg?7f8cff
Yet, at the same time, when you look at the wages of Singaporeans, have our
wages grown that dramatically, if our wages have even grown at all? For many,
our real wages have actually dropped!

So, why is it that the PAP wants Singaporeans to pay more, when they are
seeing massive increases in surpluses, and while Singaporeans are seeing such
paltry increases in our wages? As the government of the day, why is the
government wanting to earn from Singaporeans, when they duty is first and
foremost to protect Singaporeans and allow our lives to be manageable?

If the PAP wants to earn from us, then they should get out of government and
set up their own business to earn – then, Singaporeans can decide if we want to
buy from them. Yes, this is another reason for you to remember – you voted for
this – you implicitly agreed for them to charge you more to make money off
you.

(1) The PAP Took Away $126 Million From Singaporeans

But do you know that this $58 million is only the tip of the iceberg? This
isn’t even it!

Leong Sze Hian and Han Hui Hui had written that according to the Town Council
Act, when elections come, the town councils are required to transfer 80% of
their accumulated surpluses into the Sinking Fund. But if the political party
that governs the area changes, all the surpluses – all 100% of it – will need to
be transferred to the Sinking Fund.

What this means is that when the Worker’s Party had won the Aljunied GRC and
took over the management of the town council, the PAP would have taken out the
100% of the accumulated surpluses out of the system, into the Sinking Fund prior
to them taking over – which would mean leaving nothing for the Worker’s
Party.

For the other PAP town councils, they would have transferred 80% (and not the
full 100%) of their accumulated surpluses into their sinking funds.

Now, mind you, these are accumulated surpluses from what we have paid in
S&CC. Did the PAP ask you whether they can take out the money that you have
paid? Did they explain to you why they are channelling the money that they have
made from you into a Sinking Fund? What do they use the Sinking Fund for anyway?
And how much do they use it for you? What do they do with the rest? Did you even
agree to this? Well, you implicitly did – you voted for them.

Here comes the revelation – the total accumulated surpluses that the PAP has
transferred into the Sinking Fund – a total of $126 million – more than twice
what the current declared accumulated surpluses of $58 million that we mentioned
just now.

This is your money – a whole $126 million which
they had transferred, which would have been yours to pay for the management of
your estate.
http://www.tremeritus.org/wp-content/uploads/2015/09/Roy2-640x480.jpg?7f8cff
In total, there would by right be nearly $200 million in accumulated
surpluses if there was no transfer – no need to raise the S&CC at all. There
is loads more than enough. So, again, why did the PAP make you pay more for your
S&CC? As if it’s not bad enough that prices have been increasing and
Singapore is now the most expensive place in the world to live in!

(2) PAP Caused Costs To Increase Then Ask Singaporeans To Pay For
It

But, you know what the real problem is? The PAP claims that they needed to
increase the S&CC because of the “continuously rising maintenance and
operation costs”. But who manages the maintenance and operation costs? The
PAP.

As I had written before, businesses in Singapore have lamented that the key
reason for unmanageable increases in costs is due to rents, and it is the PAP which is causing rents to increase (http://http//thehearttruths.com/2013/09/20/are-high-rents-stifling-businesses-in-singapore/). Do I have sympathy for
the increasing “maintenance and operation costs”, when it is the PAP which is
increasing it?

So, they increase costs, then ask Singaporeans to pay for what they want to
increase? Then, they increase surpluses, yet ask Singaporeans to pay more into
S&CC to earn more from us, simply because they want to increase the
S&CC. You see the trend here? Whatever they want, they do. Whatever they
want to increase, they increase? Why? Because they said you voted for them – you
agreed to it. You think your vote doesn’t matter? It’s hurting your pockets –
can you see the link? They do not want to increase your wages but they want to
make you pay more. Is this enough reason yet that your vote matters and you are
wilfully giving it away?
http://www.tremeritus.org/wp-content/uploads/2015/09/Roy3-640x480.jpg?7f8cff (http://www.tremeritus.com/2015/09/24/increasing-scc-how-the-pap-took-126-millions-away/roy3-3/)

(3) Ex-PAP MP Chairman Of Managing Agent Of Town
Councils

In fact, do you know that the town councils are managed by managing
agents?

And when I did a search, one of the management agents is a E M Services,
where the Chairman is Matthias Yao (http://sg.linkedin.com/in/matthiasyao) – Matthias Yao who was a PAP Member of Parliament
(MP) from 1991 to 2011, who was Deputy Chairman of NTUC Income from 1999 to 2012
and who is currently a Board Member at the Housing and Development Board
(HDB).
http://www.tremeritus.org/wp-content/uploads/2015/09/Roy4-402x480.jpg?7f8cff (http://www.tremeritus.com/2015/09/24/increasing-scc-how-the-pap-took-126-millions-away/roy4-2/)

A director, Yap Chin Beng, was also previously from the HDB, as the Deputy
CEO (Estates and Corporate). Another director, Sng Cheng Keh (http://www.mindef.gov.sg/imindef/mindef_websites/topics/nsmatters/media/real_stories.html#.VgHwnpf-Cf5), was also with HDB as Deputy Chief Executive
Officer (Building).

Finally, two other directors Choo Chin Teck and Tay Lim Heng are currently
with Keppel (http://www.kepcorp.com/en/content.aspx?sid=90), as Director (Corporate Services) and Group Company Secretary
Keppel Land International and Managing Director (Waste to Energy) Keppel
Infrastructure respectively. Tay Lim Heng was also previously Deputy Secretary
(Development) at the Ministry of National Development (MND), Chief Executive of
the Maritime and Port Authority of Singapore and with the Singapore Armed Forces
(SAF).

(Editor’s note : Article was first published on Mar 6, 2014 – above
incumbents may have moved on to other roles or organizations)
http://www.tremeritus.org/wp-content/uploads/2015/09/Roy5-640x472.jpg?7f8cff (http://www.tremeritus.com/2015/09/24/increasing-scc-how-the-pap-took-126-millions-away/roy5/)

http://www.tremeritus.org/wp-content/uploads/2015/09/Roy6-623x480.jpg?7f8cff (http://www.tremeritus.com/2015/09/24/increasing-scc-how-the-pap-took-126-millions-away/roy6/)

Keppel is owned by Temasek Holdings, which is owned by the Singapore
government, and the PAP.

http://www.tremeritus.org/wp-content/uploads/2015/09/Roy7-557x480.jpg?7f8cff (http://www.tremeritus.com/2015/09/24/increasing-scc-how-the-pap-took-126-millions-away/roy7/)

So, as you can see – these are all ka-ki-nang (people who are connected to
one another).

Does this remind you of what happened with the Aim and the town councils
(again!) saga, where it was found that a number of former PAP MPs were their
directors?

It looks like there are quite a number of things brewing beneath the whole
structure of the town councils which are only slowly being unravelled.

So Khaw Boon Wan had said that the Ministry of National Development (MND) is
studying “what can be done to ensure better protection of public funds
entrusted with town councils (http://www.todayonline.com/singapore/mnd-seeking-better-protect-town-council-funds-says-khaw)“. I don’t quite know what that means and I
don’t know if I trust the PAP to be able to “ensure better protection”. More
likely, this “better protection” is not in your interests.

Already E M Services has with them directors who were ex-MND senior officers.
Is there a conflict of interest here?

So, supposedly, the government says that “Town Councils were formed in
1989 to empower local elected representatives and residents to run their own
estates (http://www.towncouncils.sg/#).” You believe? Do you feel empowered? Do you feel empowered when
they take our money away without letting us know or telling us why?

(4) Khaw’s Own Town Council Sees Huge Surplus!

Also, if the PAP is already earning surpluses and increasing surpluses from
2012 to 2013, why did the PAP increase the S&CC? This isn’t something that
the Khaw or the MND needs to change to “ensure better protection”. It’s just a
matter of maths – you have surpluses, you have increasing surpluses, so why did
you tell people that you have “declining surpluses”? This isn’t anything to do
with setting up “better protection”. It has everything to do with telling the
truth and letting people know what is really going on, and not hide it.

In fact, in Khaw’s own town council, the accumulated surplus at the Sembawang
Town Council increased from $8.2 million in 2012 to $11.4 million in 2013. Yet
his town council had the cheek to release the statement that their “surpluses
have been in the decline over the years” and they “would not be able to sustain
their operations without incurring operating deficits”. What “declining
surpluses”? What “operating deficits”?

This is really getting out of hand!

Just yesterday, it was revealed that the Economist Intelligence Unit (EIU)
had ranked Singapore as the most expensive place to live in, in the world and
Deputy Prime Minister Tharman Shanmugaratnam had said that “this (does not) reflect the cost of living for a local
resident (http://www.straitstimes.com/singapore/singapore-budget-2014-expatriate-living-costs-survey-do-not-reflect-locals-costs-tharman)“. However, Jon Copestake, editor of the EIU report, had countered (http://www.berkshireeagle.com/ci_25279398/worlds-most-expensive-city-not-happy-top-list) that
“the basket of goods includes many everyday items as well”, and includes items
such as “groceries and everyday staples which include goods like fresh fruits
and vegetables, meat, fish, rice, etc”.
http://www.tremeritus.org/wp-content/uploads/2015/09/Roy8-economist-intelligence-unit-cos-of-living-index-2013-singapore-most-expensive-475x480.png?7f8cff (http://www.tremeritus.com/2015/09/24/increasing-scc-how-the-pap-took-126-millions-away/roy8-economist-intelligence-unit-cos-of-living-index-2013-singapore-most-expensive/)
Economist
Intelligence Unit Cos of Living Index 2013 Singapore Most Expensive

The Economist: Of price and place (http://www.economist.com/blogs/graphicdetail/2014/03/daily-chart-1?fsrc=scn/fb/wl/dc/ofpriceandplace)

This is really getting out of hand. And you are sitting down and keeping
quiet? Seriously? Let’s just collectively shrug our shoulders and move on.
Really?

This is your life, and your money we are talking about. Are we just going to
sit down and do nothing about it, while they rampage and bulldoze us with what
they want – making us pay more and cutting us down?

I don’t know if Singaporeans realise how serious this is. It’s a few dollars
this time. A few percentages that they want to take from us to put in their CPF and Medisave – yes, it’s theirs, not ours (http://thehearttruths.com/2014/02/26/budget-2014-exposing-the-hypocrisy/http://). But all these
add up to a lot – nearly $200 million in the town councils, more than $250
billion in your CPF and $1 trillion to be precise in the reserves, to be
precise. All your money – poof.

Get it, yet?

This Sunday, we are going to hold an event to get Singaporeans to speak up
against the increase in S&CC, and to get Singaporeans to come together to
make a stand. The idea is that we will keep doing this until people feel
comfortable enough to stand up for our own rights, until we decide that we can
come out, without fear, and channel our anger into the right place – to speak
up, voice up and to tell the government that we know what we know and they
better do something or get out, and not take up space.

It’s now or never, my friends. It’s time to take a
stand.

Roy
Ngerng

* Article first appeared in Roy’s
Blog (Mar 6, 2014). http://thehearttruths.com/2014/03/06...millions-away/ (http://thehearttruths.com/2014/03/06/increasing-scc-how-the-pap-took-126-millions-away/)


Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?217145-Increasing-S-amp-CC-How-the-PAP-took-126-millions-away-70-Ok-lah!&goto=newpost).