“We are not paying [service and conservancy charges] so that town councils can accumulate enormous sinking funds and act like little “Temaseks” and “GICs”… I can’t help but compare this to the old NKF collecting millions in donations but spending only 10 cents out of every dollar on the patients. The rest was wastefully spent or accumulated into huge reserves as we eventually discovered to our horror and disgust.”
Dhevarajan Devadas
“Mah Bow Tan explicitly said that each Town Council “has the duty to explain to its residents how it invests its funds, what is its philosophy, what are the risks it takes”. Yet, after meeting with [an un-named Minister], the Town Councils are going to shirk their duty with official sanction at the ministerial level.”
Benjamin Cheah
“It may make more business sense to let go of foreign rank—and—file workers rather than Singaporean workers if retrenchment is unavoidable.”
Lim Swee Say
Life in Singapore is wonderfully comfortable, so much so that Singaporeans have become contemptuous of people who fight for their beliefs. Just ask a random Singaporean what they think of Tibet or Palestine and chances are they’ll tell you that [they] should stop killing themselves for a lost cause..”
Tang Li
“Singapore will remain forever mediocre as long as the mediocrities in charge, oppose the rise of those who have something to offer, in ways which are new, or different.”
Valentine Cawley
This week’s roundup and recommended reads after the break.
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