This conflict of interest is partially right. But MAS being both a regulator and a central bank, MAS and MoF have to be able to work together. By and large this arrangement has worked very well, since MAS has managed regulatory policy well. I would also think that in the times that we live in amidst inflation and deflationary trends, where countries are following the beggar thy neighbour policy, and where easy monetary policy has become the norm, the choice of Tharman (given his long stint at MAS) as both Chairman and FM is a very good decision.
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Are Indian Ministers gaining the confidence of LHL?
- Thread starter serenditpity
- Start date
I think that's a brilliant question. In the Westminister system of cabinet collective decision making, the boundary lines are quite clear. The FM has all the responsibility of managing the finances of the country, but if there's a collective cabinet decision or the PM's decision to change the spend mix or revenue mix, he has to abide by that.
It is like being the CFO of the firm. If the CEO decides to make an expensive acquisition and the Board approves it, the CFO doesn't have the power to overrule the Board. he can advise the board, but then he has to abide by the Board's decision.
I would think Singapore always had able FM -- from Toh Chin Chye, to Richard Hu to tharman.
It is like being the CFO of the firm. If the CEO decides to make an expensive acquisition and the Board approves it, the CFO doesn't have the power to overrule the Board. he can advise the board, but then he has to abide by the Board's decision.
I would think Singapore always had able FM -- from Toh Chin Chye, to Richard Hu to tharman.
Remember some of the most respected names in Financial institutions have been trying to get Tharman. From the Asian Development Bank to the IMF.
give credit to the man when it is due
give credit to the man when it is due
hahaha.......this is classic case of the more you sian, the more screw ups will happen.
Indicted by CPIB........guess you really smoke too much.
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Dear yellow
The conflicts of interest are vis sa vis more the independence of Temasek n PM. The independence or not of a central bank is an issue of government policy with both models working across the world. There is no clear argument either way.
Locke
The conflicts of interest are vis sa vis more the independence of Temasek n PM. The independence or not of a central bank is an issue of government policy with both models working across the world. There is no clear argument either way.
Locke
As I have said, why would he go to any of these international orgs. if they offered a job to him? The IMF job pays only $400K, and the ADB even less. He is getting millions$ now. The only thing that he can get credit for is GREED.
Dear PAP
The difference in SGD would be say 1.5 million SGD a year. Assuming a five year term that would be worth ard 8 million SGD deficit. If I were him I would suffer a loess for five years and make double that in the next five advising banks etc etc and governments and probably beyond that. We have a bargain.
Locke
The difference in SGD would be say 1.5 million SGD a year. Assuming a five year term that would be worth ard 8 million SGD deficit. If I were him I would suffer a loess for five years and make double that in the next five advising banks etc etc and governments and probably beyond that. We have a bargain.
Locke
Not everyone is after money. He gets prestige and has a global pond to make an impact. And after his stint in IMF, he can be anywhere he wants. He will get more global respect and recognition that even the PM may be envious and make every singaporean feel proud .
Of coz it is another thing that guys like you can't seem to know the significance.
Of coz it is another thing that guys like you can't seem to know the significance.
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Not sure if that is indeed the case. Look at Viv B. People junior to him have got plumb posts including newbies. Even Lui who was acting has got Transport.
Tharman indeed is a performer.
Shanmugam was brought in as a replacement for Jayakumar to maintain quota. Iswaran progress has been rather slow.
What is interesting is that all Indian cabinet ministers except for two in Singapore's 52 year history have non Indian spouses. That beats all all odds statistics wise. Even the one of the two exception was screwing a non_indian. That leaves one - the more boring of them all - Jayakumar.
Tharman indeed is a performer.
Shanmugam was brought in as a replacement for Jayakumar to maintain quota. Iswaran progress has been rather slow.
What is interesting is that all Indian cabinet ministers except for two in Singapore's 52 year history have non Indian spouses. That beats all all odds statistics wise. Even the one of the two exception was screwing a non_indian. That leaves one - the more boring of them all - Jayakumar.
The whole world thrives on energy and oil is traded in US$. The relationship between the 2 are intertwine.
I think this is more of a coincidence. There's so much carnage that there's only a few left to fill the important posts. Singapore weathered the financial crisis well whether due to his own actions or by sheer fortuitous circumstances, nobody really knows or can pin it down. Just like the U.S. if the economy does well, whoever was lucky to be the President invariably got credited with the success. International trade, global finance, economy - they can bring down a President whose watch was responsible at the time. Not saying that Tharman is not good, cos he is good, but he also happened to be lucky and his portfolio had no bumps. Iswaran has been active in the foreign trade and overseas investments area, so a natural shoo-in.
All in all, I think it's more LHL is left with the best of the worst, and if not Tharman then who?
All in all, I think it's more LHL is left with the best of the worst, and if not Tharman then who?
So will there ever be a Eurasian DPM? Chris De Souza?
I really feel like vomitting when I read some of these responses. Nobody has bothered to explain why this Tharman does a good job except that he is an obedient PAP dog. Yet some are praising him saying he will be the next IMF chairman. Yet, is the appointment of IMF chairman the result of politics or ability? And some fucker is saying he can go advise governments and banks after IMF. Please lah, advise them what har? How to run their economy? How to borrow from IMF? And here is some old news. Old Lee likes people he can control. If Tharman becomes IMF chairman (big IF), how comfortable do you think Lee will be?
How come PAP dogs like to smell their own backside and say nice smell ah??? Cannot identify why Lanjiaotao Tharman is doing a good job but insist he is good and start congratulating each other for having a good minister for a bargain? No wonder Vivian "anakin" Balakrishnan can claim he underspend rather than overspend YOG budget. I just poke my finger into my backside and smell... Still smelly ley...
How come PAP dogs like to smell their own backside and say nice smell ah??? Cannot identify why Lanjiaotao Tharman is doing a good job but insist he is good and start congratulating each other for having a good minister for a bargain? No wonder Vivian "anakin" Balakrishnan can claim he underspend rather than overspend YOG budget. I just poke my finger into my backside and smell... Still smelly ley...
Listen here, your comments are getting abusive and downright rude. If you want to have a fruitful discussion I suggest you refrain from calling members here fuckers and talking about shit. If you have disagreements or object to others' opinions it is not necessary to to talk gutter language. Be sensible if you want your opinions to be considered seriously.
Both Vivian and Tharman's wives are Japanese?
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