Statutory Boards of the Singapore Government
Hitler on DBS Network Breakdown and Censure by MASFeb 20, 2011
DBS network breakdown in Singapore happened on 05 Jul 2010, lasting 7 hours, from 3am to 10am. As a result, DBS was censured (ie. reprimanded officially) by MAS on 04 Aug 2010. Glossary: KNNCCB: Vulgarities DBS: Development Bank of Singapore MAS: Monetary Authority of Singapore Temasek Holdings: An investment company fully owned by the government of Singapore, namely the Ministry of Finance. However it is neither a statutory board nor a government agency. It is an investment holding company incorporated under the Singapore Companies Act and operate strictly as a commercial entity. Kena scolding: Received a scolding Chairman, MAS: Mr Goh Chok Tong, former Prime Minister of Singapore Chairman, Temasek Holdings: Mr S.Dhanabalan, former Cabinet Minister The Minister: Mr Lim Swee Sway, well-known for inventing mottos and expressions for people to use, but not for himself.
Metro/subway in Singapore, Singapore (MRT)Feb 19, 2012
The Mass Rapid Transit or MRT is a rapid transit system that forms the backbone of the railway system in Singapore, spanning the entire city-state. The initial section of the MRT, between Yio Chu Kang Station and Toa Payoh Station, opened in 1987 establishing itself as the second-oldest metro system in Southeast Asia, after Manila's LRT System. The network has since grown rapidly as a result of Singapore's aim of developing a comprehensive rail network as the main backbone of the public transport system in Singapore with an average daily ridership of 1.952 million in 2009, just over 63% of the bus network's 3.085 million in the same period. - The MRT has 79 stations with 129.7 kilometres of lines and operates on standard gauge. The rail lines have been constructed by the Land Transport Authority, a statutory board of the Government of Singapore, which allocates operating concessions to the profit-based corporations SMRT Corporation and SBS Transit. These operators also run bus and taxi services, thus ensuring that there is a full integration of public transport services. The MRT is complemented by the regional Light Rail Transit (LRT) systems that link MRT stations with HDB public housing estates. Services operate from about 5:30 am and usually end before 1 am daily with frequencies of approximately three to eight minutes, and services extended during festive periods.
Fixed Income Episode 1 - SGX Investor EducationJan 05, 2012
Fixed Income Securities refer to securities that provide a return in the form of fixed periodic payments and the eventual return of principal at maturity. Governments issue government bonds, while supranational institutions like Singapore statutory boards, as well as companies issue corporate bonds. Preference shares are also issued by companies. Find out more about the benefits and risks of investing in Fixed Income securities through this video series.
Fixed Income Episode 2A - SGX Investor EducationJan 05, 2012
Fixed Income Securities refer to securities that provide a return in the form of fixed periodic payments and the eventual return of principal at maturity. Governments issue government bonds, while supranational institutions like Singapore statutory boards, as well as companies issue corporate bonds. Preference shares are also issued by companies. Find out more about the benefits and risks of investing in Fixed Income securities through this video series.
Shanmugam explains role of President - 10Jun2011Aug 25, 2011
SINGAPORE: Law Minister K Shanmugam has explained what the President is elected and empowered to do under the Singapore Constitution. A statement by Mr Shanmugam said that under the Constitution, the President has custodial powers, not executive powers. He can veto or block government actions in specified areas, but he has no role to advance his own policy agenda. Singapore has a Parliamentary system of government, with the Prime Minister being the head of government and has the authority and responsibility to govern Singapore. National policies and running the government are the responsibility of the Prime Minister and Cabinet. The statement also explained that the President's veto powers over the government are limited to specific areas: (a) Protection of past reserves, that is, reserves accumulated during previous terms of office of government; (b) Appointment of key personnel; and (c) ISA detentions, CPIB investigations and any restraining order in connection with the maintenance of religious harmony. The statement added that the Constitution protects the past reserves of the government and key statutory boards and government companies (like the CPF Board, MAS, HDB, GIC and Temasek). The reserves include physical assets like land and buildings as well as financial assets like cash, securities and bonds. The government of the day can only spend past reserves with the approval of the President. However, the President does not direct the operations of these statutory ...
PE: Tan Jee Say holds first rally in presidential race - 23Aug2011Jan 30, 2012
SINGAPORE: Mr Tan Jee Say was the first presidential candidate to hold a rally. About nine speakers addressed the crowd at the Toa Payoh Stadium before Mr Tan took to the stage on Tuesday. They included some opposition candidates who stood in the last General Election such as Dr Vincent Wijeysingha, Dr Ang Yong Guan, Jeannette Chong-Aruldoss and Nicole Seah. Mr Tan defended the line-up of speakers for his rally, saying some may be members of opposition parties but they were speaking on behalf of all Singaporeans. Mr Tan spoke on what he thought the role of the President should be and said that for too long, Singaporeans have been accustomed to the idea that the President has a limited ceremonial and diplomatic role. Mr Tan highlighted the five areas the President has veto powers under the Constitution. He paid particular attention to the use of the nation's reserves and key appointments. He said: "This is your money and if the government requires it I as President will make sure that it is well spent on meaningful projects that benefit Singaporeans directly such as schools and hospitals. "On key appointments, I will scrutinise the background and track record of all government appointees who come before me for confirmation. "I will ensure that only true talented Singaporeans are appointed (and) who are motivated by a sense of public service and not by huge financial rewards." He added that he will examine more closely appointments to government bodies, statutory boards and ...
Singapore's civil service is world's highest paid! - 08Jan2010Jan 14, 2012
SINGAPORE: Labour chief Lim Swee Say said Singapore should not be shy about having one of the highest paid civil services in the world. He said this is because Singapore's civil service is the world's best and most effective and part of the credit must go to the public sector's biggest union, The Amalgamated Union of Public Employees (AUPE). The 52-year-old union, which represents over 16000 employees from the civil service and statutory boards, elected its new executive council on Saturday. NTUC Secretary General Lim Swee Say said public sector employees in Singapore are treated much better than their counterparts around the world. And he explained why Singapore has one of the world's highest paid and best public services. "We may be the highest paid, but at the same time it is also important for them to understand we're probably the most effective, the best civil service in the world. And this came about because AUPE and PSD (Public Service Division), we work hand in hand, so on the one hand, we negotiate for fair terms, for good terms, for responsive rewards for civil servants. "And yet at the same time, we mobilise our ground to ensure that the civil service always move ahead, stay ahead to do their best for the citizens of Singapore, because that is our purpose, our mission." He was speaking to union leaders at the AUPE's Delegates Conference. The conference saw the election of the AUPE's new executive council, with 25 candidates contesting the 22 posts available. It ...
Fixed Income Episode 2B - SGX Investor EducationJan 05, 2012
Fixed Income Securities refer to securities that provide a return in the form of fixed periodic payments and the eventual return of principal at maturity. Governments issue government bonds, while supranational institutions like Singapore statutory boards, as well as companies issue corporate bonds. Preference shares are also issued by companies. Find out more about the benefits and risks of investing in Fixed Income securities through this video series.
Fixed Income Episode 3 - SGX Investor EducationJan 05, 2012
Fixed Income Securities refer to securities that provide a return in the form of fixed periodic payments and the eventual return of principal at maturity. Governments issue government bonds, while supranational institutions like Singapore statutory boards, as well as companies issue corporate bonds. Preference shares are also issued by companies. Find out more about the benefits and risks of investing in Fixed Income securities through this video series.
PE: Nomination Day for Presidential Election on Aug 17 - 03Aug2011Aug 03, 2011
SINGAPORE: Singaporeans will go to the polls on August 27 if there's a contest for the Presidential Election. The Writ of Election, naming August 17 as Nomination Day for the Presidential Election, was issued by Prime Minister Lee Hsien Loong on Wednesday. The Nomination Centre will be at People's Association at King George's Avenue. President SR Nathan, has said he won't be contesting the election after serving two six-year terms. But five potential candidates have indicated their interest. Four of them - former Deputy Prime Minister Dr Tony Tan, former Ayer Rajah MP Dr Tan Cheng Bock, former NTUC Income chief, Tan Kin Lian and former opposition member Tan Jee Say - have submitted their applications for a Certificate of Eligibility to contest the election. One other - Andrew Kuan - has collected the forms. But more candidates could still come forward, as those interested have another three days till August 6 to submit their application forms. The Presidential Elections Committee will assess their applications and issue certificates to those it judges to be of integrity, good character and reputation, with the necessary experience for the post of Elected President. This includes executive and financial experience in government or a statutory board or a company worth at least S$100 million, for at least three years. Nomination papers for the Presidential Election are now available for collection at the Elections Department during normal office hours, until Nomination Day ...
Business Law ICA 2 VideoMar 19, 2010
Statement of Facts 1.Passion Ptd Ltd (Passion) started business in 1991 as a wedding planner business at 390 Orchard Road #02-01/02 Palais Renaissance Singapore 238871. Miss Kung YaYuen is the director and owner of Passion. 2.Yeh Lai Xiang Catering Services Pte Ltd (Yeh) is a company that specializes in catering services. Many of their regular clients are mainly MNCs, Government Statutory Boards, Government Offices, Local SMEs, tertiary Institutions, Universities, local schools and weddings. 3.Passion engaged Yeh to provide catering services for the wedding receptions for one of their major clients, Singapore celebrities, Fann Wong and Christopher Lee. 4.On 28 February 2009, Miss Kung YaYuen attended a meeting with the project manager of Yeh, Mr Lai Mao Hock, to negotiate the terms of the contract. Miss Kung informs Mr Lai that she required a wide variety of food in large quantities to cater to the different food preferences of the VIPs. Based on Miss Kungs requirements, the price of $5000 was agreed upon. 5.Later that day, Yeh sent a fax containing the agreed terms to Miss Kung. 6.On 24 May 2009, Yeh began work to set up the necessary seating arrangements and decorations in Shangri-La Hotel Grand Ballroom. 7.On 26 May 2009, Mr Lai Mao Hock telephoned Miss Kung and informed Miss Kung that because of the shortage of food, the demand for the ingredients has caused the price to increase. Thus, Yeh had to pass the expense to Passion by increasing $2000 in order to cover their ...
SLA S$12 Million Fraud - 30Sep2010Oct 29, 2011
SINGAPORE : The Singapore Land Authority (SLA) has been hit by a S$12 million fraud case involving two of its senior staff. 40-year-old Koh Seah Wee, a deputy director with SLA's Technology and Infrastructure Department, faces 249 charges of cheating while a second suspect, Christopher Lim Chai Meng, a manager in the same department, is currently helping the police with investigations. The SLA, a statutory board under the Law Ministry, uncovered the fraud in June this year. Investigations showed that a number of irregular payments in its Technology and Infrastructure Department took place between January 2008 and March 2010, worth nearly S$12 million. SLA posts its tenders for IT maintenance services on the government procurement website. According to the charges against Koh, he had conspired with two others - Lim Chai Meng and Ho Yen Teck - to award the IT maintenance contracts to firms which did not deliver the services. However, SLA paid the firms which have turned out to be fictitious. Amounts paid ranged from $2600 to $60000. As deputy director of SLA's Technology and Infrastructure Department, Koh had the authority to approve payments to the firms. Koh also faces several charges of using his ill-gotten gains to buy cars and properties. The charges said that Koh had used the money to pay for a Lamborghini, Mercedes Benz cars, acquire property at Axis@Siglap along East Coast Terrace, and purchase various unit trusts. The authorities have so far recovered cash and ...
President's Management Advisory Board MeetingJan 12, 2012
The President's Management Advisory Board holds its inaugural meeting. The board consists of leaders from the private and non-profit sectors who provide advise on best practices in management and operations. March 11, 2011.
![Watch [HD] Tribute to British Airways Video](http://i.ytimg.com/vi/dRdX3USOhqk/default.jpg)
[HD] Tribute to British AirwaysDec 28, 2011
Tribute to British Airways HD video - 1080p Music: Lasgo - Lost British Airways plc (BA) is the flag carrier airline of the United Kingdom which is based and headquartered in Waterside, near its main hub at London Heathrow Airport. British Airways operates a second hub at Gatwick Airport and a third hub, served through its fully owned subsidiary, BA CityFlyer, at London City Airport. British Airways is the largest airline in the UK based on fleet size, international flights and international destinations. BA's UK passengers originating at non-London airports must connect via London after British Airways discontinued all direct overseas flights from UK airports, other than Heathrow, Gatwick and London City Airports, with the sale of BA Connect to British regional carrier Flybe in 2007. The British Airways Board was established in 1971 to control the two nationalised airline corporations, BOAC and BEA, and two much smaller regional airlines, Cambrian Airways from Cardiff and Northeast Airlines from Newcastle upon Tyne. On 31 March 1974 all four companies were dissolved to form British Airways (BA). After almost 13 years as a nationalised company, British Airways was privatised in February 1987 as part of the privatisation plan by the Conservative Government of the time. The carrier soon expanded with the acquisition of British Caledonian (BCAL) in 1987 and Gatwick-based carrier Dan-Air in 1992. Despite being a longtime Boeing customer, British Airways placed a major order ...
TYT - Extended Clip July 19, 2011Feb 06, 2012
The Largest Online News Show in the World. Google+: www.gplus.to Facebook: www.facebook.com Twitter: twitter.com Subscribe: bit.ly FREE Movies(!): www.netflix.com Read Ana's blog and subscribe at: www.examiner.com Read Cenk's Blog: www.huffingtonpost.com
