http://www.channelnewsasia.com/stories/analysis/view/407691/1/.html

In politics, Ms Ho Ching won’t have that luxury. So what should she do?

There is a ready and very important vacuum for her to fill in the help-for-the poor sector. Look at how many people are suffering from the economic fallout, and falling through the cracks.

But the tragedy is that there are helping hands, many of them official, out there. Just last week, the Government said only one-third of the S$6.25 million in its ComCare Fund has been given out. That is a national shame in a small country which has demonstrated its ability and power to move mountains to get something done.

Many don’t know help schemes like these exist; there is too much tight-fistedness by the people who hold the purse strings, and then there are people who are shy and reticent about seeking help.

Someone has to unclog this bureaucratic mess. Ms Ho Ching fits the job to a T. Once that is done, she can look at the charity sector, especially the area of philanthrophy, which the Government has identified as a growth sector.

That is her long-term role, that of a Mother of all Charities.

A veteran journalist, P N Balji is now the director of the Asia Journalism Fellowship, a joint initiative by the Temasek Foundation and NTU.

Some may not understand.. "There is an inexhaustible supply of bad management out there." and it will take time to probe, like in any court case, so lender will be very cautious in lending.....

Trust worthy one even paint world greatest picture..turn world greatest cheater to a tune of US$ 50 billion...Ya. 

Even govt wishes to help maybe taken for a ride.....

When Tamasick vested so many billions in so many angmo investment banks w/o really taking all the trouble to look at their real troubled, like Merrill Lynch pay themself.

All those few so called top, very well experience R really been mug by the Angmo (after all our system really teach us to be real honest), and a few totally under estimated this Sub-Prime and their housing crisis. Read & see what i mean.....

http://sg.news.yahoo.com/afp/20090212/tts-us-banking-justice-probe-company-mer-972e412.html

WASHINGTON (AFP) - - Merrill Lynch quietly paid out at least one million dollars bonus each to about 700 top executive even when the investment house was bleeding with losses last year, a probe has revealed.

By nature even those sitting on top most responsibilties like advisers, chairman and CEO must take fullly, the response on WHY it kept it mistake made, mistake after mistake.....and mis-judgement after mis-judge in cold storage and,

needed junior minister, heavy weighted, senior minister to defend them as long term.

More for commercial reason, then CEO is 1st to go what....rite..!!!

Ta Ma Sick do not need luck, it has to repalce it chairman who personnally bring the CEO and as well as those board members who alway had nothings to say...just yes ONLY....some one like me,  do not know economy and finance gas long foresee and foretell such thing is going to happened here and in US and they..those few really ZZZzzz and totally willingly ignore most of our frd flag warning....odd to be sack for lossing S$58 billion or this year and for last few years...since 2006 failure in oversea verture...by nature even those sitting on top most responsibilties like advisers, chairman and CEO must take fullly, the response on WHY it keep mistake after mistake.....and lossing $$$ after lossing more $$$.

So 58B is about 1~2 month of GDP in Singapore. Izzit ??

Thanks Alligator.

Obama is very optimistic to say 3year....afterall Japan took 10 years to fix.....the lost decade

Some finance historian are starting to say that this crisis will wipe out One Generation of Investors.  In 25 years time, a new group of sucker will emerge, your daughter or son perhaps will buy stock and funds again. WOW.....

GST is a good source of revenue, one of my friend predicated that the next GST hike to 11%.  The reason he said that 3%, 5% and 7% is Prime Number.  So PAP like prime number and the next one would be 11%.   It made sense right....heeeee

And the first water agreement with Malaysia expired in 2011, can also increase more tax. Say 300% water conversation tax (now 30%)

Fixed Price COE at say 30000 is a very fair value to use our road.

I heard from somewhere LTA is conducting road pricing experiment using GPS technology. Something like pay per use scheme. When your car moves, the revenue growth.

So where do the money come from ? Of course from you.

I think the management of Temasek need to call : 1800-6-668-668 or  1800-X-Gamble (1800-9-426253)

Not us !!!

What can 58B do?? :

a) 682 years of HDB & URA fine waived based on 2006FY of 85 million dollars of fine collected.

b) 34  KPE 9km Tunnel (1.7B so cheap)

c) 11 Marina Coastal Expressway 5km Tunnel due 2013 (5B)

d) 7 North-South Expressway to link Thomson to the city (21km Tunnel) (8B) due 2020

c) 58000 units of condo , assume 1m per condo,

BTW, anyone knows our GDP ?