Why are people in SGforums against PAP?
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The last banking licence was issued to Tat Lee, where LKY's brother is a director. Hong Leong a much bigger finance didn't get the licence.
The Tat Lee Bank Group (TLB Group) has reported an after-tax loss of $38.7m for 1997. The MAS is satisfied that the TLB Group is financially sound. The Group is solvent and fully capable of meeting all the obligations of TLB and its finance company subsidiary. Depositors need not worry about the safety of their deposits.
The TLB Group's loss of $38.7 million in 1997 arises from the substantial provisions of S$150 million that it is setting aside for its regional loans. The loss equals 2.4% of its shareholders' funds. The TLB Group has shareholders' funds of $1.6 billion, equal to 19% of its risk-weighted assets as at 31 Dec 97. This is well in excess of the 12% capital requirement for Singapore banks, which is itself higher than international norms1.
The MAS is confident that the impending merger of the TLB Group and Keppel Bank (KB) Group will create a more resilient and competitive bank. The KB Group is a subsidiary of Keppel Corporation, the largest shareholder of which is the Government-owned Temasek Holdings (Private) Limited. The combined bank will be able to consolidate and streamline the operations of the two banks. It will be well positioned to build a diversified portfolio and achieve healthy growth.
MONETARY AUTHORITY OF SINGAPORE
4TH MAR 1998http://www.mas.gov.sg/news_room/press
I don't know what feud went on behind Hong Leong and Lee Kuan Yew, but this rumor of Hong Leong against Lee Kuan Yew, backing of JBJ is always in the kopitiam.
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Originally posted by Ah Chia:
I don't know what feud went on behind Hong Leong and Lee Kuan Yew, but this rumor of Hong Leong against Lee Kuan Yew, backing of JBJ is always in the kopitiam.
That I don't know. The only thing I can think of is the refusal to grant another banking licence to Hong Leong in the early days.
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- Sputjam Says:
August 7th, 2007 at 1:29 pmOnly way for business to thrive is to minimise regulations. No labour laws, no currency laws, no limit on foreign shareholdings etc.
But too much emphasis on capitalism will bring great volatility, and this is not good for the community.During the time of the british, Singapore was already an established trading centre.
The only university in Malaya was in Singapore(mahathir studied there). All trains from Malaya stops in Singapore. Singapore has the only international port and airport to serve Malaya. All rubber/tin whatever that come from malaya, was exported from Singapore, and some from penang. Singapore already had refineries and was one of the busiest port during the british.
Singapore was not a swamp PAP and LKY wants all of you to believe.After the british left, Singapore traders made money by smuggling, due to punitive luxury import taxes imposed by the then independent Indonesia and malaysia.
During the time of suharto, unscrupulous businessmen from Indonesia smuggled subsidised refined oil and sold to bunker companies in Singapore. Those money never came back, but Indonesian taxpayers suffered as they had to pay the difference between the selling price and the subsidise prices. The subsidised refined oil actually helped the rich as they are the owners of cars and transport, and eleviated the poor, who could have got that money instead in the form of educational aid or grant for communal upgrade.
In fact, money from much of Indonesia resources never came back but are parked in Singapore. So Singapore do not require any resource to be rich. Those resources include timber, coal and possibly sand which were underdeclared when exported.
Now you know why Singapore evolved into a financial centre. presently, it is trying to attract unscrupulous businessmen from china who are uneasy about parking their money in hong kong, which is in chinese territory.
The idea of a casino is more about money laundering than gambling tourist.LKY hates dissent. hence anyone who challenge him will be put away under ISA or made bankrupt, if they decide to stay put.
Paying ministers and civil servants good money is how he corrupts Singapore. Because they are so highly paid, nobody will dare question LKY’s policies.
Cronyism exist in Singapore. Tat Lee bank belonged to his brother. It was rescued after 1997 financial crisis by merging with Keppel finance and after that both were rescued by merging with DBS. LKY’s son is current PM. His other son was the CEO of singtel, until he was discovered to be having an affair with a women in australia. He resigned, and is now living in australia, I suppose with the new girl. Funny enough, the women is from the company singtel bought at a high value called OPTUS.If you regard LKY highly, then think about the fate of the current PM’s first wife, who was a doctor from Malaysia, who committed suicide, maybe due to the fact that their two children were albino and the other autistic. But I think it was more due to disappointed father-in-law who could not obtain a perfect grandchild who pressured her into the ultimate oblivion.
LKy’s father, I believe was from semarang. During WWII LKY was a translator for the japanese, whilst his chinese counterparts were fighting against them. The most successful anti japanese army was the MPAJA (Malaya peoples anti japanese army) which were mostly ethnic chinese. They were fighting the japanese because Japan conquered China and the fighting in Malaya was an extension of that war. After the war, the MPAJA transformed and became the CPM (communist party of malay) following the footsteps of China’s Mao Ze Dong. Anyone with any socialist inclination was jailed by LKY under ISA (intenal security act-no need for legal proceedings). The biggest challenge to PAP in the first election, incidentally was Barisan sosialis. The leader of that party have just been freed after many decades in confinement.
Temasek is now controlled by PM’s second wife, LKY’s daughter in law. In fact the whole of Singapore are controlled by one family. Nobody dissent because they are paid to be silent.
The two child policy of LKY rebounded on him. Singapore’s populations is now shrinking. In order to maintain the standard of living, the country now welcomes any rich people from anywhere to reside as PR or citizen. That of course includes many Indonesians. These rich indivuduals will bring countless millions into the island state, i.e. making money without having to work is Singapore’s policy from the start.
LKy’s wife has a legal frim which controls the S&P agreement to all HDB flats. One of her junior partners was her ex-daugther-in-law (not sure divorce already or not) who married her second son, who was caught with an affair with a buxom australian from Optus. (Now we know why singtel paid so much for that australian telco).
In the 70’s most Singaporean can speak a sprinkling of bahasa melayu. Presently, the aid workers they sent to aceh in the tsunami aftermath couldn’t communicate with their Indonesian counterpart.
Singapore is rich only because the natives of Nusanatara do not understand business philosophy and how the world revolves. As an example, people of timor who welcomed the australian army, only to be told that the gas under the timor sea now belongs to australia.
The natives of nusantara are so comfortable with their lives in the islands that they could not be bothered to sail just a little bit more and establish in australia. Because of this attitude towards life, Singapore has no competitor in the vicinity.
http://www.indonesiamatters.com/1354/economic-prospects/
- Sputjam Says:
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His other son was the CEO of singtel, until he was discovered to be having an affair with a women in australia. He resigned, and is now living in australia, I suppose with the new girl. Funny enough, the women is from the company singtel bought at a high value called OPTUS.
Lee Hsien Yang affair with Australian?
Never heard of it.
Really a lot of dirty business with this Lee family.
After Lee Kuan Yew is dead someone should go and write a proper non propaganda book on this family.
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During the time of the british, Singapore was already an established trading centre.
The only university in Malaya was in Singapore(mahathir studied there). All trains from Malaya stops in Singapore. Singapore has the only international port and airport to serve Malaya. All rubber/tin whatever that come from malaya, was exported from Singapore, and some from penang. Singapore already had refineries and was one of the busiest port during the british.
Singapore was not a swamp PAP and LKY wants all of you to believe.
Not only that but Singapore was also a hotbed of political activities.
Teo Eng Hock (1871 - 1957)
Teo Eng Hock, a Teochew, was involved in the rubber trade. He invested in rubber plantations and started a factory producing rubber shoes. In the early 1900, Tan Kah Kee and Teo monopolised Singapore's rubber shoes manufacturing industry. On securing his foothold in this industry, Teo embarked on his revolutionary career. In the final years of the Qing Dynasty, Teo Eng Hock had supported the Constitutional Reform movement and was a member of the reform's "Learning Society". He embraced Dr Sun's cause in later years.
(From left) Teo Eng Hock, Sun Yat Sen, and Tan Chor Nam In 1904, he started the Thoe Lam Jit Poh with Tan Chor Nam and was its editor. The paper ended 2 years later.
In 1906, Teo Eng Hock offered his villa, Wan Qing Yuan, to Dr Sun for his stay. In February 1906, Dr Sun established the Singapore branch of the Revolutionary Alliance. Teo was the vice chairman.
In June 1906, Dr Sun came to Singapore from Japan to reorganise the Revolutionary Alliance. Teo was elected the chairman.
In July 1907, The Chong Shing Press was founded by Teo, Tan Chor Nam and Lim Nee Soon. They started the Tong Teck Books & Newspapers Association that year. Teo was the president of the association.
In February 1912, after the founding of the republic, the Kuomintang (Chinese Nationalist Party) established a branch office in Singapore to replace the Revolutionary Alliance. Teo was the honorary chairman. The British colonial government forced the office to close in 1926.
In 1932, Teo Eng Hock returned to China and became Mayor of Shantou, Commissioner of overseas Chinese affairs, and Branch President of the Central Bank of China (Shantou). Due to his displeasure with the communists, he became an ally of Wang Jingwei.
After the war, Teo returned to Singapore. He died in Hong Kong in 1957. His daughter, Teo Soon Kim, was Singapore's first female lawyer. His great-grandnephew, Rear Admiral (NS) Teo Chee Hean is presently the Minister for Education.http://www.wanqingyuan.com.sg/english/onceupon/spsupp.html
the main inspiration for communism in Malaya was the Chinese Communist Party (CCP) which, after 1920, became a major political force in Chinese politics. In 1922 the CCP clandestinely opened an office in Singapore to serve South East Asia. This became known as the South Seas Communist Party (or, Nanyang Communist Party)...
http://en.wikipedia.org/wiki/Malayan_Communist_Party
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Singapore last time all sorts of political activities, KMT set up office here, the CCP set up office here, Sino-Japanese war, the chinese here organised boycotts and raised funds etc.
After Lee Kuan Yew came to power suppressed everything.
The chinese in Singapore back them were so insanely politicised.
No wonder Lee Kuan Yew made sure to depoliticise the current generation.
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i'd still dun get it with all these finance probs and all tat even if u given me the link....mind if u elaborate it more detailed and simpler to understand?
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You asking for more history lessons from Ah chia, is it?
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Originally posted by Herzog_Zwei:
Majority are not against PAP, just that PAP is getting incompetent.
When I wrote this:FUCK LEE KUAN YEW AND HIS COWARDICE REGIME. Ha ha
Hergoz Zwei took the bait, he wrote back:
Try this: FUCK Miracles&Prophecies FOR BEING A BLOODY COWARD AND SUCKING UP TO HIS INFERNAL GOD'S TESTICLES. BLOODY CHRISTIAN TALIBAN!
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PAP dogs don't know to hate them or to pity them, arr arr arr wof wof wof arrr ar wof wof wof Ha ha ha. The only language they know is dog's -
I always study history. I believe once LKY lose power. His whole family is in deep trouble. Either being jailed by ISA or run away.
This is the consequences of the politician. You see Mr. Pian in taiwan.
MAS is a useless organisation. I dunno how do they work. Like tat Tat lee also being granted license. Relationship with Royal family. Different.
Hong Leong dun support PAP. Bad ending.
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Originally posted by Ah Chia:
Not only that but Singapore was also a hotbed of political activities.
Teo Eng Hock (1871 - 1957)
Teo Eng Hock, a Teochew, was involved in the rubber trade. He invested in rubber plantations and started a factory producing rubber shoes. In the early 1900, Tan Kah Kee and Teo monopolised Singapore's rubber shoes manufacturing industry. On securing his foothold in this industry, Teo embarked on his revolutionary career. In the final years of the Qing Dynasty, Teo Eng Hock had supported the Constitutional Reform movement and was a member of the reform's "Learning Society". He embraced Dr Sun's cause in later years. (From left) Teo Eng Hock, Sun Yat Sen, and Tan Chor NamIn 1904, he started the Thoe Lam Jit Poh with Tan Chor Nam and was its editor. The paper ended 2 years later.
In 1906, Teo Eng Hock offered his villa, Wan Qing Yuan, to Dr Sun for his stay. In February 1906, Dr Sun established the Singapore branch of the Revolutionary Alliance. Teo was the vice chairman.
In June 1906, Dr Sun came to Singapore from Japan to reorganise the Revolutionary Alliance. Teo was elected the chairman.
In July 1907, The Chong Shing Press was founded by Teo, Tan Chor Nam and Lim Nee Soon. They started the Tong Teck Books & Newspapers Association that year. Teo was the president of the association.
In February 1912, after the founding of the republic, the Kuomintang (Chinese Nationalist Party) established a branch office in Singapore to replace the Revolutionary Alliance. Teo was the honorary chairman. The British colonial government forced the office to close in 1926.
In 1932, Teo Eng Hock returned to China and became Mayor of Shantou, Commissioner of overseas Chinese affairs, and Branch President of the Central Bank of China (Shantou). Due to his displeasure with the communists, he became an ally of Wang Jingwei.
After the war, Teo returned to Singapore. He died in Hong Kong in 1957. His daughter, Teo Soon Kim, was Singapore's first female lawyer. His great-grandnephew, Rear Admiral (NS) Teo Chee Hean is presently the Minister for Education.http://www.wanqingyuan.com.sg/english/onceupon/spsupp.html
the main inspiration for communism in Malaya was the Chinese Communist Party (CCP) which, after 1920, became a major political force in Chinese politics. In 1922 the CCP clandestinely opened an office in Singapore to serve South East Asia. This became known as the South Seas Communist Party (or, Nanyang Communist Party)...
http://en.wikipedia.org/wiki/Malayan_Communist_Party
Wah lao. U dig their ancestor grave is it. Know their background so well. I also surname Teo. Dunno got relationship with Royal Dog - Teo Chee Hean
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MAS is a useless organisation. I dunno how do they work. Like tat Tat lee also being granted license. Relationship with Royal family. Different.
It seems to be very messy, many secret deals behind the scenes and politics involved.
More info here:
http://books.google.com.sg/books?id=wZi
It seems that Lee Kuan Yew has a web of influence over the financial industry.
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Originally posted by Ah Chia:
It seems to be very messy, many secret deals behind the scenes and politics involved.
More info here:
http://books.google.com.sg/books?id=wZi
It seems that Lee Kuan Yew has a web of influence over the financial industry.
the evil oppressor has influence all over singapore. and this influence will slack but will still go on after his death.
this man , i really don't know what sort of judgment he will get when he arrives in hell
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Fantagf, I remember you said that Lee Kuan Yew indirectly controls NUH, is that correct?
That is where he goes for medical checkup every three months to preserve his life.
and this influence will slack but will still go on after his death.
I hope that after Lee Kuan Yew is dead, all his enemies over the years will gang up to destroy the PAP.
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pple who support pap simply r those without backbone n too chickenshit to walk out of comfort zone.
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Originally posted by Ah Chia:
Fantagf, I remember you said that Lee Kuan Yew indirectly controls NUH, is that correct?
That is where he goes for medical checkup every three months to preserve his life.
No i did not say NUH. -
Originally posted by 798:
pple who support pap simply r those without backbone n too chickenshit to walk out of comfort zone.
I agree -
Originally posted by Miracles&Prophecies:
When I wrote this:FUCK LEE KUAN YEW AND HIS COWARDICE REGIME. Ha ha
Hergoz Zwei took the bait, he wrote back:
Try this: FUCK Miracles&Prophecies FOR BEING A BLOODY COWARD AND SUCKING UP TO HIS INFERNAL GOD'S TESTICLES. BLOODY CHRISTIAN TALIBAN!
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PAP dogs don't know to hate them or to pity them, arr arr arr wof wof wof arrr ar wof wof wof Ha ha ha. The only language they know is dog's
Because you posted in the wrong forum.http://sgforums.com/forums/1381/topics/368365?page=1#posts-9248267
Did your infernal god tell you to suck his dick and testicles and post rubbish in a religious forum? Please admit that you are a Christian Taliban like Thio Li Ann.
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Originally posted by Herzog_Zwei:
Because you posted in the wrong forum.http://sgforums.com/forums/1381/topics/368365?page=1#posts-9248267
Did your infernal god tell you to suck his dick and testicles and post rubbish in a religious forum? Please admit that you are a Christian Taliban like Thio Li Ann.
Talk to my dog dog! Ha ahahahhaha -
Singapore regime are murderers, womanizers, liars, cheaters, fucked up people!
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Mobster island. City mayor who thinks he rules the world. Hahahahah
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Get out of that damn country fast! You're nobody slave!
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Originally posted by Ah Chia:
Shin MIn won't report.
I say that Lee Kuan Yew is a baba bastard go and suppress dialects, scheme and plot to finish off Lim Chin Siong they also won't report.
JusticeLegal make a fool out of herself, people gang up to criticise her they will report.
He is already 85 & dont think he'll be long lived & somemore his wife is in the hospital waiting for death.... -
Originally posted by Miracles&Prophecies:
Talk to my dog dog! Ha ahahahhahaLol .. So much for being forgiving eh?
So.. after this post do u still go heaven?
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Hmmm the government is a bit crappy, send them feedback and get a crappy ans n yet dare "export our ideas" to a greater civilisation like china... STRANGE
to much gov propaganda in papers nowadays...