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Why Tony Tan mustn't be the president of Singapore: Family business

sirus

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Not many Singaporean realise the power of LKY even though he may hold no portfolio. His families control the wealth of Singapore. The chairman, deputy-chairman and CEO of GIC had been Lee Kuan Yew, Lee Hsien Loong and Tony Tan respectively, as late as few months back. (Tony Tan is distant relative of Lee Kuan Yew)

Meanwhile the deputy-chairman and CEO of Temasek holdings, Kwa Chong Seng (nephew of Lee Kuan Yew), and Ho Ching are relatives of Lee Kuan Yew as well.

http://veritas-lux.blogspot.com/2011/07/why-tony-tan-mustnt-be-president-of.html
 

borom

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Not only that he must also get the lowest vote amongst all the candidates.

So far nothing has changed.In fact there seems to be even more foreigners, property prices keeps going up, public transport fares will be going up and soon uitlities will go up for sure.

If TT is voted in, Silliporeans must be prepared for another 5 years of suffering and eventual enslavement by foreigners.

How 60% can vote for people who enslave them to foreigners is totally beyond me.
Its akin to african's voting for arab slave traders.
 

neddy

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(Tony Tan is distant relative of Lee Kuan Yew)

Meanwhile the deputy-chairman and CEO of Temasek holdings, Kwa Chong Seng (nephew of Lee Kuan Yew), and Ho Ching are relatives of Lee Kuan Yew as well.

http://veritas-lux.blogspot.com/2011/07/why-tony-tan-mustnt-be-president-of.html

Tony Tan is a nephew of Tan Chin Tuan & Helen Wee.
Helen Wee's sister, Wee Yew Neo is Lee Kuan Yew's mother-in-law.


In public, Tony Tan shows himself as a humble and wise man. Unfortunately nothing is further from truth. Nothing good can be expected from scion of bankster. While Singaporean focus on Ho Ching and her Temasek fiasco, few people knew that GIC under the charge of Tony Tan has lost its pants in 2008 crisis.

In short, Tony Tan has blown up Singapore’s pension aka the corrupt CPF. He is responsible for condemning Singaporean to a work till death because CPF is effectively being wipe out in real terms. (PAP is going to stealth default CPF).

U13.png


http://singaporeelection.blogspot.com/2011/07/tony-tan-is-relative-lee-kuan-yew.html
http://veritas-lux.blogspot.com/2011/06/defaulting-cpf-6-biggest-loser.html
 

Forvendet

Alfrescian
Loyal
In public, Tony Tan shows himself as a humble and wise man. Unfortunately nothing is further from truth. Nothing good can be expected from scion of bankster. While Singaporean focus on Ho Ching and her Temasek fiasco, few people knew that GIC under the charge of Tony Tan has lost its pants in 2008 crisis.

In short, Tony Tan has blown up Singapore’s pension aka the corrupt CPF. He is responsible for condemning Singaporean to a work till death because CPF is effectively being wipe out in real terms. (PAP is going to steath default CPF).

The 2008 losses had nothing to do with TT. Those losses were incurred from investments made in years prior to his appointment. In fact, it was after his appointment that GIC has been made more transparent and those losses were publicized. Not sudden total transparency of course, but marked improvement over near total secrecy in earlier years.
 

The_Hypocrite

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Dear frens,

TT must not be the president of Singapore and here is why

http://forum.channelnewsasia.com/viewtopic.php?t=441913&sid=87354786cbbe54aeaee1f2647a47910f

Wage cost burden heavier than in US.
27 August 2003

Quoting a Perc global survey, Deputy PM Tony Tan tells why it is urgent that costs are brought down through CPF rate cuts
SINGAPORE'S workers have become more expensive than those in the United States and Australia, according to an international survey.
It shows Singapore is not just ahead of developing countries but also developed cities such as New York and Sydney.
This 'alarming' situation worries Deputy Prime Minister Tony Tan, who brought it up yesterday to show why the Central Provident Fund (CPF) rates must be cut swiftly and substantially.
The survey issued by the Political and Economic Risk Consultancy (Perc) firm on July 2 shows that on a scale of zero to 10, with zero being the lowest labour cost country, Singapore stood at 5.5, the fourth highest among 14 countries surveyed. This puts it ahead of the US (5.07) and Australia (4.Cool.
'To me, this is a profoundly important statistic. It's a simple one but it gets to the nub of the problem. We have priced our labour out of the market,' Dr Tan told reporters, elaborating on a speech he made later at a dinner to celebrate the 35th anniversary of Sembawang Shipyard and its employees' union, and National Day.
He made it plain he was not expecting workers here to match the cheap wages of China and India or those of neighbouring countries.
'But it is crucial that we do not price ourselves ahead of developed countries which are also our competitors in the global market,' he said.
He acknowledged that obtaining a correct reading of the economic situation was difficult.
However, a meeting in June with US businessmen in New York led him to realise there was something amiss here. The Americans were confident of a resurgence in their economy but back home, he found companies continued to retrench.
'There was something more than the Sars' impact or other transitory factors. It must be a structural factor.'
The Perc report crystallised the problem: high wage costs.
Its labour cost index is derived from a survey of expatriates working in Asia, asking them to rate the country's labour cost. The finding is checked for consistency against its data on other labour costs.
The Perc survey also looked at overall costs of doing business, prime rents and utility costs, and Singapore did relatively better.
As Dr Tan pointed out, measures are in place to ease other business rigidities: Corporate tax will be cut to 20 per cent by 2005, many government charges have been cut or removed, and land prices are kept affordable.
The need now is to remove the rigidity in wage structure - the CPF rates, said Dr Tan.
It makes companies less flexible because it is 'a tax on cash flow'. By lowering it, more money is immediately available to keep companies viable, thus saving jobs.
'We have no choice but to reduce our CPF rates substantially and quickly if we want to save jobs,' he said, echoing similar calls made on Sunday by Prime Minister Goh Chok Tong and Deputy Prime Minister Lee Hsien Loong.
Mr Goh had said the current 36 per cent could be lowered to possibly 30 per cent.
Yesterday, Dr Tan said: 'The more substantial the cut, the more likely you don't have to make another cut down the road.'
He assured Singaporeans of help: 'No Singaporean will lose his or her home or be denied medical care because of the cut in CPF. We will help Singaporeans to meet their mortgage payments.'
Poor families will also get aid for daily needs, he added.
Dr Tan's call for a CPF cut was supported last night by Mr M. Ramasamy, president of the Sembawang Shipyard Employees' Union.
He said: 'It's for our survival and we should have done it much earlier.'.

Do you want such a person to be our President? I remember this argument putforward by TT at that time.
 

halsey02

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'We have no choice but to reduce our CPF rates substantially and quickly if we want to save jobs,' he said, echoing similar calls made on Sunday by Prime Minister Goh Chok Tong and Deputy Prime Minister Lee Hsien Loong.
Mr Goh had said the current 36 per cent could be lowered to possibly 30 per cent.
Yesterday, Dr Tan said: 'The more substantial the cut, the more likely you don't have to make another cut down the road.'
He assured Singaporeans of help: 'No Singaporean will lose his or her home or be denied medical care because of the cut in CPF. We will help Singaporeans to meet their mortgage payments.'
Poor families will also get aid for daily needs, he added.
Dr Tan's call for a CPF cut was supported last night by Mr M. Ramasamy, president of the Sembawang Shipyard Employees' Union.
He said: 'It's for our survival and we should have done it much earlier.'.

Do you want such a person to be our President? I remember this argument putforward by TT at that time.

> The question asked will be, will SINgaporeans wake up & stop this from happening, not want!? >>>
 

DubLi

Alfrescian
Loyal
I am beginning to be enlightened by all these revelations. Keep it up!
 
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The_Hypocrite

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Unfortunately I belive singapore have not woken up, they still vote for PAP.. even those dont like PAP still vote for them, so how can they have woken up...?? Also they seem to like the nightmares as well,,,
 

The_Hypocrite

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Yes TKL will be better than TT, also what is TT capable of besides the causing the problems caused by Singaporeans today???
 
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