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Latest Posts By pharoah88 - Supreme      About pharoah88
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13-Apr-2011 14:16 User Research/Opinions   /   your biggest worries?       Go to Message
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No need for debate with SDP’

Residents of Holland-Bukit Timah know our track record, says Balakrishnan

Meanwhile, Dr Teo, who is also North West District Mayor, said there was ‘nothing to debate about’ regarding the Fajar wet market sale to Sheng Shiong, which hiked stall rentals by 30 per cent last year after taking over five wet markets in total.

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13-Apr-2011 14:08 User Research/Opinions   /   your biggest worries?       Go to Message
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GST is unlikely to go up if ...

SINGAPORE

He was responding to a question posed by a viewer during

Mr Lee’s reply: “I very much doubt that, unless we go wild in our spending plans and of course we’ll run out of money and then you’ll have to raise the GST. But if we have prudent budgets and we’re careful in our plans and if we grow the economy, I think we should be in good shape.”

# # # #

Is  this  an " A"   TEAM ? ? ? ?

Or  a  " F"   TEAM  ? ? ? ?

  — There is unlikely to be any hike in the Goods and Services Tax (GST) rate if the Government budgets remain prudent and the economy continues to grow, said Prime Minister Lee Hsien Loong yesterday.Channel NewsAsia’s Question Time with the Prime Minister, who had asked if the GST rate of 7 per cent would be raised after the coming General Election, as was the case in 2006.

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13-Apr-2011 14:02 User Research/Opinions   /   your biggest worries?       Go to Message
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Instead, the Opposition have “taken political points” on the Government, such as

whether the poor have been adequately looked after or if subsidies [nOrmalIse the SavIng Interest Rates and nO sUbsIdy is requIred ? ? ? ? ] for the people are enough.

Also, REMOVE the GST like in Hong Kong ? ? ? ?

GST is a pOOr man's CAPITAL TAX ? ? ? ?

Mr Lee reiterated that the Government should be judged on its “overall five-year term”.

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13-Apr-2011 13:57 User Research/Opinions   /   your biggest worries?       Go to Message
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When asked by

“We are seeking to represent a broad range. That is why we have the NCMP and NMP schemes in Parliament,” said Mr Lee.

He noted that to have nine Opposition MPs is “a lot” — such a number is large enough to form two-thirds of a Cabinet, he pointed out.

Mr Wee also felt that certain PAP policies were passed in Parliament and implemented in spite of “a lot of voices against” them.Today editor Walter Fernandez — who was one of the participants — whether a single party could represent diverse views of the population, Mr Lee said the PAP was “not seeking to represent all the views”.

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13-Apr-2011 13:54 User Research/Opinions   /   your biggest worries?       Go to Message
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The focus on the political system - and having Opposition representation in Parliament — also saw Mr Lee harking back to the Communist era, in response to viewer Daniel Yap’s question on why is an “adversarial approach to politics still preferred today”.

OVERHEARD:

GrassrOOt  Organization  was  adOpted  from the COmmunIst System ? ? ? ?

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13-Apr-2011 13:46 User Research/Opinions   /   your biggest worries?       Go to Message
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Following changes to the Non-Constituency Member of Parliament (NCMP) scheme, there will be at least nine Opposition MPs — in addition to the nine Nominated MPs (NMPs) — after the coming General Election. But one participant, Conrad & Ottess Private Asset Management vice-president Kurt Wee, said that NCMPs were not “real Opposition”.

The perception on the ground, the 37-year-old added, was that the Government “bulldozed” policies through “without much feeling for the ground”.

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13-Apr-2011 13:43 User Research/Opinions   /   your biggest worries?       Go to Message
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ONCE UPON A TIME

HDB  annOUnced:

HDB  STOPS  bUIldIng  3-rOOm HDB flats  ? ? ? ?

B E C A U S E

4-rOOm HDB flat is SINGAPORE'S  mInImUm BENCHMARK  ? ? ? ?
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13-Apr-2011 13:37 User Research/Opinions   /   your biggest worries?       Go to Message
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By Channel NewsAsia, Updated: 12/04/2011

GE: Government will take note of issues raised at forum, says PM Lee

GE: Government will take note of issues raised at forum, says PM Lee



GE: Government will take note of issues raised at forum, says PM Lee

PM Lee Hsien Loong (L) and the participants



SINGAPORE: Prime Minister Lee Hsien Loong told Channel NewsAsia that the recent televised forum was a good opportunity for Singaporeans to engage the government on issues, and that the government will take note of the issues raised.

" I’m happy to engage with the participants of the forum and also the questions that were sent in, email or sms, good questions, I think they are on top of most Singaporeans minds and it was good that they didn’t pull their punches and so we had a frank exchange which I hope viewers would have found not only interesting but relevant and thought provoking," said Mr Lee.

Participants also said they were encouraged by the spontaneity of the discussion, and added the forum reflects the gradual opening up of political space in Singapore.

" Contrary to maybe what people may think, this was spontaneous so it was enlightening and it was something new and different to have people selected and have issues discussed, so I think it was a progressive step," said Mr Rahayu Mahzam, lawyer at Heng Leong and Srinivasan.

" Usually the government won’t do such an open forum, LIVE telecast. Actually the perception online is this whole thing is staged, we are planted but it really is LIVE and it’s a good platform for us the citizens to express our views," said Mr Matthew Zachary Liu, student at Ngee Ann Polytechnic.

Twenty—two—year—old Matthew added: " In my generation, we are more vocal these days, be it online or on stage and we want to express our views and for the government to want to hear the young generation’s opinion, it makes us feel part of the country and makes us feel appreciated as well" .

Some participants said they would have liked to have more time with the prime minister.

Not all had the answers they were seeking.

Businessman Kurt Wee said: " Some of the issues really got to do with whether there is enough room for political expression or participation of the opposition parties.

" If you don’t give them enough space for them to grow and mature, I think we could be setting ourselves up for a risk in the longer term.

" I’m not convinced with the fact that we don’t have enough talents in Singapore, I’m not convinced with the fact that the NMP (nominated member of parliament) system and the NCMP (non—constituency member of parliament) system is sufficient for our country.

" I think you really need a voting Member of Parliament on the alternative side that can vote in Parliament" .

View the show Question Time with the Prime Minister

here

—CNA/cc/wk
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13-Apr-2011 09:50 User Research/Opinions   /   your biggest worries?       Go to Message
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PRICE  Of  1st  wOrld    G R O W T H  ? ? ? ?

frOm  FRESH  pOrk  > > > >   FROZEN pOrk  ? ? ? ?

frOm  BRANDED  rIce  > > > >   NTUC nO frIlls  rIce  ? ? ? ?

frOm  4-rOOm  HDB  > > > >   3-rOOm    HDB  ? ? ? ?
Good Post  Bad Post 
13-Apr-2011 09:41 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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W O W

S$0.96

tankuku      ( Date: 12-Apr-2011 13:24) Posted:



AUSGROUP: Prospects lifted by hot iron ore prices Written by Sim Kih Sunday, 11 April 2010 14:00

 

CIMB-GK MAINTAINED its “Buy” call with a target price of 96 cents on Ausgroup last week, citing its relatively cheap valuation in the offshore & marine universe.

The report was triggered by a structural shift in iron-ore markets in the past couple of weeks as the world’s largest 3 mining companies, Vale, BHP Billiton and Rio Tinto, announced a switch to setting the price of iron ore contracts every 3 months, ending a 40-year system of annual pricing.

The new price system will lift the cost of iron ore to Asian steelmakers to about US$110-$120 a ton for April-June contracts, up 80% to 100% from the US$60 level at which the 2009-10 annual contracts were settled.

CIMB-GK analyst Yeo Zhibin believes that higher iron-ore prices could accelerate capex spending in the mineral resource sector in Western Australia, benefiting specialist construction service companies like Ausgroup.

However for the high profile Gorgon oil & gas project, Australian fabricators such as Ausgroup have been priced out by Asian competitors due to a rising A$.


CIMB-GK expects Ausgroup’s earnings for the financial year ending Jun 2010 to grow 90% year-on-year, given its strong order book of A$470 million.

It has a target price of 96 cents based on 13x CY11 P/E, Ausgroup’s trading average since listing.

”We see stock catalysts from an acceleration in orders wins from LNG and mineral projects, improved margins and further sets of strong results.



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13-Apr-2011 09:38 User Research/Opinions   /   your biggest worries?       Go to Message
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nO nEEd

tO  pay

hIghest  salarIes

tO  hIre  fOreIgn  TOLENT

tO  explaIn

reasOns

tO  Increase  prIces ? ? ? ?

peOple  lOOk  at  the  prIces

and  nOt  the reasOns  WHATEVER ? ? ? ?

as lOng as the explaIners  receIve  the  hIghest salarIes ? ? ? ?
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13-Apr-2011 09:33 User Research/Opinions   /   your biggest worries?       Go to Message
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every

TOM,  DICK and  HARRY

JANE  and  MARY

know HOW

to make POLICIES

tO  keep On

increasing  P R I C E S

? ? ? ?

# # # #

It  is  VERY   IMPORTANT

to  Listen  to    PROPHECY

On    REDUCING  prices 

pharoah88      ( Date: 12-Apr-2011 09:42) Posted:

Study details of Opposition’s proposed

policies, ask for explanations: DPM Wong

MAY WON G

maywong@mediacorp.com.sg


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13-Apr-2011 09:29 User Research/Opinions   /   your biggest worries?       Go to Message
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WHAT is the

R E A L 

UNderlying  MESSAGE

of  the

C R I E S

? ? ? ?

# # # #

WHAT  made hIm sO  S A D  ? ? ? ?

despIte  the  hIghest  salary    ? ? ? ?

pharoah88      ( Date: 12-Apr-2011 09:25) Posted:

By Channel NewsAsia, Updated: 11/04/2011

GE: Lim Boon Heng emotional when responding to question

GE: Lim Boon Heng emotional when responding to question



GE: Lim Boon Heng emotional when responding to question

Lim Boon Heng trying to contain his emotions



SINGAPORE: The chairman of the People’s Action Party (PAP), Lim Boon Heng, could not contain his emotions during a news conference to unveil the latest batch of new PAP candidates on Monday.

Tears welled up in his eyes as he replied to a reporter’s question about the perception of " group think" in the workings of government, particularly since he had felt strongly against allowing casinos in Singapore.

" We were very concerned about the lower income and what globalisation had wrought for them. We saw wages stagnating. Worse still, we saw wages falling. Within the trade union movement we discussed the subject of the working poor," Mr Lim said, paused and cried before continuing to say " We then pressured the government to do something about it and out of that came the Workfare Income Supplement. So there is no group think."

Mr Lim, who is also a Minister in the Prime Minister’s Office, finally agreed on the casino issue, only because it had brought jobs to Singapore — a point he explained to reporters after the news conference.

He said: " It is a difficult one for me, because I do not like the idea of using gambling as an industry for Singapore and using that as a means of earning an income.

" At the time it was debated it was particularly difficult because unemployment was high. Today, the question is what kind of social problems will there be? It is too early to tell.

" I agree there is a contribution and there is a contribution to jobs and that is reason why I finally agreed. But I am still concerned (about) what kind of social problems it will bring to Singapore.

" We have only had a year (since the opening of the casinos) and so far there are stories about some people who have blown away huge fortunes.

" If it is about people who have a lot of money, I would not worry about that but if it has also affected families, it is not good for Singaporeans."

Mr Lim also challenged the Workers’ Party to explain what it meant by having a First World Parliament — the party’s campaign slogan.

" To say ’First World Parliament’ is very seductive. But what is a ’First World Parliament’?

" A ’First World Parliament’, to me, must mean a Parliament where you have rational debate, where at the end of it you come to the right conclusions.

" I am not sure we want a ’First World Parliament’ where members from different parties try to tear each other down just to gain an advantage for the next election.

" That’s not the kind of ’First World Parliament’ I would like to see.

" If the opposition can come out with a clearly superior system than what we have today, then let the people know, (so that when they go to the election), the people can make a rational choice of whether to stick with the PAP government which works, or (choose) the new ideas which the opposition parties want to bring to Singapore."

Mr Lim also took issue with opposition MP Low Thia Khiang’s comments that the PAP has politicised the People’s Association.

He said: " Mr Low Thia Khiang completely misunderstands the work of the People’s Association.

" When the People’s Association was set up just over 50 years ago, it was to help with the nation building process.

" We want a nation where different people from diverse backgrounds can feel as one, where neighbours are friends with one another so closely so that helping each other is a matter of course.

" That is the kind of community we want to see. Are we there yet? The answer must be ’no’, and it has absolutely nothing to do with politics or supporting the PAP."

Mr Lim noted that Singaporeans will also get to see some old warhorses and and new candidates popping up amongst the opposition parties during the coming General Election.

He emphasised that just as much as Singaporeans get to scrutinise the PAP’s new candidates, the opposition parties too should allow Singaporeans to scrutinise their candidates.

Three new PAP candidates were introduced on Monday.

50—year—old Heng Swee Keat, the former managing director of the Monetary Authority of Singapore (MAS), has been described as a potential Minister by Senior Minister Goh Chok Tong.

In the MAS, he led a team of over 1,000 officers to develop Singapore as a sound and progressive global financial centre and to keep the Singapore dollar stable so as to promote economic growth.

And during the global financial crisis of 2008 and 2009, Mr Heng worked with the central banks globally and steered the MAS’ efforts to keep Singapore’s financial system stable and emerge stronger from the crisis.

Mr Heng believes Singapore will evolve its own model of key institutions.

Speaking at the news conference, Mr Heng said: " In many places, the politics has become so divisive that the right policies do not get implemented and adopted.

" In our case, my view is that there is a better model, which is one of constructive engagement where a strong government is able to take in the views and feedback from a wide variety of sources and to bring Singaporeans closely together to achieve a better future for us. In that regard this is the way for us to go into the future."

The second candidate introduced is 34—year—old Ong Teng Koon, a trader with Morgan Stanley focusing mainly on Asian commodities market.

He is the son of veteran unionist and MP Ong Ah Heng.

Mr Ong Teng Koon said he has got much to learn from his overseas stints at the Chicago Commodities Exchange.

He said: " This is a very messy and rowdy place, with more than 200 traders standing on their feet for ten hours a day trying to get onto a trade and there I was, a small Asian guy, with these 1.8, 1.9 metre—tall Westerners 90—100kg.... What it taught me was the value of hard work and the importance of acquiring the right skills. And it made me realise what it is like to be a minority living in a foreign land and so it brought home the importance of respecting other races and other cultures."

The third candidate introduced is 30—year—old Alex Yam Ziming, who is from Young NTUC, the official youth wing of the National Trades Union Congress (NTUC).

He is also the second youngest candidate for the PAP slate, after 27—year—old Tin Pei Ling.

Alex does not see his age as a disadvantage.

He said: " There are bound to be perceptions that I may be youth—centric and I may not be able to relate well with older Singaporeans and represent their interests.

" I must say that I cannot hide my age... The past ten years as a grassroots volunteer has given me great learning opportunities to be able to share with senior grassroots leaders and gain the experience as well.

" As such, what I hope I can offer is a willingness to learn, to listen and to serve to the best of my of my ability.

" Being a younger candidate doesn’t mean I will just be representing the young but all Singaporeans regardless of race, language or background."

So far, the PAP has introduced 21 new candidates.

— CNA/ir

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13-Apr-2011 09:25 User Research/Opinions   /   your biggest worries?       Go to Message
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SINGAPORE  has:

- IR CASINO

- COE  CASINO ? ? ? ?

- PRIVATE  PROPERTY  CASINO  ? ? ? ?

- HDB  CASINO  ? ? ? ? 

pharoah88      ( Date: 12-Apr-2011 11:03) Posted:

NEEDED : NEW RULES

Rules governing these markets have not kept pace with this rise in speculation.

Speculators can trade with almost no money down, allowing them to influence prices via large bets, while often risking only 5 to 10 per cent of the overall value of the trade.

The US Congress has, from time to time, berated “big oil” in public hearings, but has shied away from reducing the traders’ immense use of leverage.

pharoah88      ( Date: 12-Apr-2011 10:24) Posted:

Speculators this year have been predicting future rises in prices by a factor of 3 to 1, according to US government data.

Yet this comes as global production hit an all-time high in Februaryhigher supply typically cools prices. — and



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13-Apr-2011 09:19 User Research/Opinions   /   your biggest worries?       Go to Message
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By Channel NewsAsia, Updated: 12/04/2011

GE: " Lots of debates within PAP"

GE: " Lots of debates within PAP"

# # #  #      # # # #

O V E R H E A R D :

The ONLY OUTCOME

after  ALL  DISCUSSIONS ? ? ? ?

- Higher Prices ? ? ? ?

- Higher Domestic Driven Inflation ? ? ? ?

- Higher Cost of living ? ? ? ?

- Higher G S T ? ? ? ?

- Higher Owner-occupied Property Tax ? ? ? ?

- Higher Salary at the TOP ? ? ? ?

- Higher Medical fees ? ? ? ?

- Higher Education fees ? ? ? ?

- Higher  Costs to DIE ? ? ? ?

- Higher ? ? ? ?

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12-Apr-2011 11:16 User Research/Opinions   /   your biggest worries?       Go to Message
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Government bonds lose appeal as inflation rises

Lois Calderon

loiscalderon@mediacorp.com.sg

SINGAPORE

Investors will instead be drawn to rising stocks, a trend that is clearly a reversal from that witnessed in the past 10 years when bonds outperformed equities, according to Fundsupermart.

“In the Singapore context, a lot of investors do like equities.

They have strong returns especially in Asian equity market space.

But until more recently, following 2008 to 2009, we’ve seen a lot more interest in fixed income,” said Mr Terence Lin, senior research analyst at Fundsupermart.

“(But) we see interest rates now having sort of bottomed out.

We expect them to rise to combat inflation and that will have a most suppressed outlook for bonds on the whole. And that could actually hurt bond returns,” he added.

Bond funds in emerging markets, including Asia, provided an annualised return of 11.2 per cent from 2000 to last year, according to Fundsupermart’s FSMIEmerging Markets Bond Index that tracks the performance of emerging market debts.

In contrast, by Fundsupermart’s reckoning, equity funds in emerging markets yielded only an annual 10.3 per cent during the same period.

But with interest rates now off their historic lows, bond prices — which move inversely to yields — are becoming less attractive.

In its quarterly “Asia Bond Market Outlook” released recently, the Manila-based Asian Development Bank noted that Singapore’s Government bond yield curve had “steepened between end-December 2010 and end-February” this year. The yield spread between two- and 10-year maturities narrowed to 216 basis points as of end-February this year from a spread of 221 basis points at end-December last year.

Rising inflation was the culprit.

Singapore’s consumer prices rose by about 5 per cent in February year-on-year, raising expectations that the Monetary Authority of Singapore (MAS), which uses the exchange rate as its main tool to manage inflation, will revalue the currency or let it appreciate faster when it meets on Thursday for its bi-annual monetary policy review.

The MAS wants to put a lid on inflation at 2 to 3 per cent this year. Consumer price inflation settled at 2.8 per cent for the whole of last year.

“In Singapore, or in Asia or emerging markets, we have really seen issues of rising inflation since a year ago and we are really starting to see many central banks in this region hiking interest rates and bond yields have been rising ever since then,” said Mr Albert Tse, head of intermediary distribution in South-east Asia at Schroders.

“It means that if investors are looking to invest in fixed income instruments in Asia and Singapore

… the strong returns we saw in 2008 until last year are not expected to continue this year and the next,” he added.

Market analysts are placing their bets on equities, particularly on financial and technology stocks.

Valuations of technology stocks fell from their peaks after the IT bubble a decade ago, while the equity values of shares in the financial sector have since recovered from the recent financial crisis.

“Valuations have halved over the past 10 years looking back to 2000 and where we are now.

If you’re looking at a 30x price multiple, right now it’s trading below 15, over the low teens in terms of price-earnings multiple.

That means equities are attractively valued compared to bonds,” Fundsupermart’s Mr Lin said.— Government bonds will lose their safe-haven appeal amid beliefs that the monetary authorities will tighten policy further as inflation continued to head north, market analysts said.

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12-Apr-2011 11:03 User Research/Opinions   /   your biggest worries?       Go to Message
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NEEDED : NEW RULES

Rules governing these markets have not kept pace with this rise in speculation.

Speculators can trade with almost no money down, allowing them to influence prices via large bets, while often risking only 5 to 10 per cent of the overall value of the trade.

The US Congress has, from time to time, berated “big oil” in public hearings, but has shied away from reducing the traders’ immense use of leverage.

pharoah88      ( Date: 12-Apr-2011 10:24) Posted:

Speculators this year have been predicting future rises in prices by a factor of 3 to 1, according to US government data.

Yet this comes as global production hit an all-time high in Februaryhigher supply typically cools prices. — and

pharoah88      ( Date: 12-Apr-2011 10:18) Posted:

Global oil CASINO benefits only players

The energy-trading fraternity has never let the facts get in the way of a good supply scare

Leah McGrath Goodman



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12-Apr-2011 11:01 User Research/Opinions   /   your biggest worries?       Go to Message
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wIll  thIs  L O V E  LETTER  be  ANSWERED  tO  the  pOInts  ? ? ? ?

pharoah88      ( Date: 12-Apr-2011 10:41) Posted:

L O V E  LETTER

A reader asks ...

I would like to ask PM Lee a hypothetical question: In a general election, the PAP wins narrowly in a three-cornered fight in Constituency A, capturing 34 per cent of the votes cast.

In Constituency B, where there is a straight fight, the PAP loses narrowly, securing 49 per cent of the votes cast. How would the PAP treat these two wards in terms of priority for upgrading and other programmes?

Reader Davy Young Pak Nang, on Prime Minister Lee Hsien Loong’s comment about preferential upgrading for HDB estates in People’s Action Party wards ‘because the PAP wards supported the Government and the policies which delivered these good things’


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12-Apr-2011 10:59 User Research/Opinions   /   your biggest worries?       Go to Message
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it dOes nOt matter

hOw  One  can  DEBATE

the  bOttOm  lIne  Is

One  stIll  have  tO 

END  UP  CRYING

? ? ? ?

Laulan      ( Date: 12-Apr-2011 10:31) Posted:

Did you hear what Mr. Lim said? No group thinking, yet those who can object to any policies can ultimately still agree when money outweighs other considerations?   Sounds to me as strange way of doing it..   PAP knows best how to get all unpopular policies pass as law. The stated philosophy is don't opt for popular policies, only unpopular ones.   Also they will just push it, yes.just push it.. This has been the landmark of our policy makers..  

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12-Apr-2011 10:56 User Research/Opinions   /   your biggest worries?       Go to Message
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mIght as WELL

S I N G A P O R E

as  ONE  SINGAPORE  GRC

niuyear      ( Date: 12-Apr-2011 10:49) Posted:



I think the Possible scenario :

A gradual merger of  2 consituencies. (become  2 in 1)........and more GRCs......  in 10 or 20 years down the road.

 

niuyear      ( Date: 12-Apr-2011 10:46) Posted:



The BEST system is:

All become  GRCs.

Single constituency is not likely to handle matter more efficiently.    With the " growing" population in singapore , we need more people to serve instead of one man show...........

So,  3 to 5 people GRC is the best for everyone in singapore.

 


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